Virtuous cycle

Bartlomiej Owczarek weblog

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Diamonds Neverdie

Jon ‘Neverdie’ Jacobs bought himself a space resort worth $100k in a virtual reality known as Project Entropia.

Reading on, this new purchase may turn out to be a good investment in the end, as the owner..

..will be awarded 1000 apartment deeds to rent out to in-game players, 100 mall shopping boths and market stalls, all hunting and mining taxation rights, and operating control and revenues from event areas.

Project Entropia players are able to exchange virtual money to real currency in both directions.

Real estate supply is after all limited, so maybe virtual estate is the market of the future?

Who will pay real money for virtual stuff? The same people who were conditioned to pay for worthless diamonds..