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Science / Technology

Jul 4, 2009 | Posted by: Iria

Virtual Embezzlement Used to Pay for Real World Debts

Full story: technologyexpert.blogspot.com

Virtual goods are big business nowadays, in online worlds like Second Life and World of Warcraft, so much so there is discussion over taxing profits made from such goods. Real as the virtual reality is, someone in the online game EVE Online stole virtual money from the virtual bank he ran and exchanged it for real cash.

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Preston2

Since: Apr 07

11,103

Miami

ISP: Hollywood, FL

It was only a matter of time.

Georgian

Brooklyn, NY

Virtual money,virtual friends.

What a time to be anonymous.

The old saying about the quickest way to lose a friend is to lend them money just doesn't seem to have the same ominous warning.

Now on to my imaginary hobby.

dingo

“Running Out Front”

Since: Feb 08

10,948

USA

ISP: United States

Good for him,shame I didn't think of that.LOL

writewingproxyco ntin

“The Buybull is innerrrent.”

Since: Jun 08

10,365

Philadelphia, PA

Judged:

Is the jail time virtual, also?

Nevertheless, this story reveals much about the "real" economy as it becomes increasingly divorced from anything concrete being produced.

Whiskey Tango Foxtrott

“Eats yer spinichk ?”

Since: Sep 08

1,416

CardboardBoxville

ISP: New Haven, CT

writewingproxycontin wrote:

Is the jail time virtual, also?
Nevertheless, this story reveals much about the "real" economy as it becomes increasingly divorced from anything concrete being produced.

I agree 100% and we can thank those 535 illustrious members of Congress for the disintegration of America's manufacturing base.

Preston2

Since: Apr 07

11,103

Miami

ISP: Hollywood, FL

Whiskey Tango Foxtrott wrote:

<quoted text>
I agree 100% and we can thank those 535 illustrious members of Congress for the disintegration of America's manufacturing base.

Government simply does things too slowly. Going back decades, they could have addressed the country's gradual shift from a manufacturing economy to a service based economy. but didn't.

When we shifted from agricultural to industrial, most farmers lost their jobs, but we somehow recovered. We'll recover from this shift as well.

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