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Posts tagged virtual-economy

China legislates 20% tax rate on virtual currency profits

While much of the world's gold farming activity is based in mainland China, the black market industry operates in violation of the law. Despite this, a large part of the problem in curbing illegal activities in China is that there's a substantial divide between what the law states is illegal and the...

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Real world economic impact on MMOs and virtual worlds?

Given the drastic real world economic shifts of late, is it unreasonable to assume that there will be repercussions in virtual worlds and MMOs? That's the gist of a question posed by CBBC, a longtime commentator at the Terra Nova blog, but specifically he asks: "What now for virtual economies? What...

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Curing mudflation before it starts

For many players, the mysteries of a virtual economy are best left as that -- a mystery. The numbers, the abundance of terminology, it all conspires to create an environment where players generally don't want to know why the economy works, they just know that they'd rather it did than it didn't. Is...

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Taxing your virtual economy

Logging into World of Warcraft to check the mailbox for a new treasure trove of gold is pretty normal. Logging into WoW and seeing Taxman102 spamming the trade channel about new tax laws is not very normal. In fact, some people find that more frightening than an angry raid leader deprived of sleep....

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Lawsuit claims IGE dug too greedily and too deep

Out of sunny Florida comes a storm ready to rain on the parade of gold sellers everywhere. Gold seller IGE has found itself sinking deeper into a stack of complaints thanks to one concerned gamer. Antonio Hernandez is fed up with the spam, inflation, and annoyance that stems from gold selling and...

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Put your money where your mouth is

With EVE continuing to amaze economic researchers due to the complexity of its economic system, I decided it would be a good idea to unload my turrets, dock, and see what it was all about. I created a trader, trained up a little, and began to wrap my hands around any resources I could hog. I was...

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