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I think that Second Life (still running, and where you can still trade in-game money for real money see: https://community.secondlife.com/t5/English-Knowledge-B

by Pamar 10y ago

I think that Second Life (still running, and where you can still trade in-game money for real money see: https://community.secondlife.com/t5/English-Knowledge-Base/Buying-and-selling-Linden-dollars/ta-p/700107 https://community.secondlife.com/t5/English-Knowledge-Base/B...) is a better example than Diablo 3

Lazare 10y ago
Quite possibly; I'm more familiar with Diablo 3 than Second Life, and had actually forgotten (if I'd ever known) that Second Life allowed RMT. I think that supports my overall point though: This isn't new, and you don't need bitcoins to make it work.
- r2pleasent 10y ago
  Diablo III's downfall was that there were price floors and price ceilings. They set a minimum price for gold, which would be higher than its true value. This led to people selling their gold outside of the RMAH, and killed the liquidity of the in-game currency. Items also had a maximum price limit. This meant that items worth more than $250 USD at the time had to be sold for lesser value items, or for gold (which had the downfalls listed above). The problems with Diablo III were the restrictions on the marketplace. Blizzard never allowed prices to hit their true equilibrium, and it created an off-site black market along with other inefficiencies. There is no reason that a game economy should be ruined in one way or another by a real-money exchange rate. There are many games where players buy & sell in-game currency for real money, where the in-game currency holds a very steady real money value. Take Runescape for example. One million Old School Runescape Gold has been worth roughly $1 USD for the past 6 months. The volume of in-game currency which has been bought and sold in that time period is in the tens of millions of USD. Source: I run http://r2pleasent.com http://r2pleasent.com - a site that buys and sells in-game items.
- NTripleOne 10y ago
  SL doesn't just allow RMT, it all but necessitates it. There is a very small list of things you can do without any L$, heres a few included in that list: Be called a noob because you use a whole free avatar or free avatar components. Be instantly blocked by just about everyone you try to talk to Be unable to access adult-rated sims and regions Spend 4 hours attached to a dancing poseball that pays you L$1 an hour

by Pamar 10y ago

Lazare 10y ago

Quite possibly; I'm more familiar with Diablo 3 than Second Life, and had actually forgotten (if I'd ever known) that Second Life allowed RMT. I think that supports my overall point though: This isn't new, and you don't need bitcoins to make it work.

r2pleasent 10y ago
Diablo III's downfall was that there were price floors and price ceilings. They set a minimum price for gold, which would be higher than its true value. This led to people selling their gold outside of the RMAH, and killed the liquidity of the in-game currency. Items also had a maximum price limit. This meant that items worth more than $250 USD at the time had to be sold for lesser value items, or for gold (which had the downfalls listed above). The problems with Diablo III were the restrictions on the marketplace. Blizzard never allowed prices to hit their true equilibrium, and it created an off-site black market along with other inefficiencies. There is no reason that a game economy should be ruined in one way or another by a real-money exchange rate. There are many games where players buy & sell in-game currency for real money, where the in-game currency holds a very steady real money value. Take Runescape for example. One million Old School Runescape Gold has been worth roughly $1 USD for the past 6 months. The volume of in-game currency which has been bought and sold in that time period is in the tens of millions of USD. Source: I run http://r2pleasent.com http://r2pleasent.com - a site that buys and sells in-game items.
NTripleOne 10y ago
SL doesn't just allow RMT, it all but necessitates it. There is a very small list of things you can do without any L$, heres a few included in that list: Be called a noob because you use a whole free avatar or free avatar components. Be instantly blocked by just about everyone you try to talk to Be unable to access adult-rated sims and regions Spend 4 hours attached to a dancing poseball that pays you L$1 an hour