China outlaws RL trading of virtual currencies
By
ArchGemini,
Posted on: 2009-07-01 19:25 in The Market and Inventions
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I'm not too confident that this law will actually accomplish anything, but it does generate a little hope.
From the NY Times.
I know, I know, the farmers will get around this without even breaking a sweat, but it will at least make it more expensive for them (I hope).
...stupid gold farmers...
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A little while ago, my ancestors apparently emmigrated from China and moved deep into South America. And what did they do when they got there? They set up terraced farms up and down the dang Andes mountains.
This proves that China might try to get rid of farmers, but Squez should probably go easy on the nihonshu.
President of the Arbiter Sands fan club. We will never forget.
An Etruscan Snood will nevermore be free
I have no idea what nihonshu is, but I suspect Squez has had a little too much.
Regulating this sort of thing may be far too difficult. Webservers can be relocated to countries with no regulations againt RMT.
I doubt that there's an InfForCash.com storefront anywhere. Or a cube farm with rows of goldfarmers. More likely, they work from small private areas, like Sum Gai's basement, just like the CD and DVD pirates would. Having a storefront/warehouse/base of operations, business licence, etc just cuts into costs anyways.
Speaking of pirating CDs and DVDs, there are laws against that too, and yet they continue, many based in the same regions. My understanding is that, when caught, the pirates have their goods and equimpent confiscated, a fine issued, and nothing else done. This amounts to nothing more than a minor increase in the cost of operations. For Inf sellers, there are no goods to confiscate - just computers. And they've already demonstrated that losing the accounts they use isn't a gigantic setback.
The end result is that prices will go up to offset new costs, and smaller or newer Inf sellers may be stopped, but the big ones will see it as a speed bump, nothing more.
@Roderick
If they would just change the punnishment to death by paper cuts on live TV then RMTs would go away in a hurry.
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If they would just change the punnishment to death by paper cuts on live TV then RMTs would go away in a hurry.
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lmao!!!! there goes the morning coffee
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I have no idea what nihonshu is, but I suspect Squez has had a little too much.
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I dont know what that is either, but can you buy it from the market??? 
It's sake, as in the drink.
@Viper Kinji
Currently working on:
Turtle Snapper - SD/MA/Ice Tanker
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It's sake, as in the drink.
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Which just leads to more Chinese farmer oddities. My peeps did farm a lot of gold when they got here (or were here, or were but a glimmer in Thor Heyerdal's eyes), but they never fermented rice. They did corn instead (chicha and its ilk).
Sake is to crafting IOs as chicha is to flipping. Or Fulmens smacking your niche up.
President of the Arbiter Sands fan club. We will never forget.
An Etruscan Snood will nevermore be free
AFAIK, based on the wording, this law doesn't apply to farming.
This law concerns companies which pay out real currency in exchange for virtual currency, akin to "cashing out" of a poker game. It's there to target online gambling.
This law doesn't concern companies which pay out virtual currency when given real currency, which is more like paying real money for arcade tokens.
Then again, I don't read Chinese so I'm basing my understanding on someone else's translation. Grain of salt and all that.
qr
In related news, price of infamy/influence has hit an all time low at $15 for 500 million.
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qr
In related news, price of infamy/influence has hit an all time low at $15 for 500 million.
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Any lower and NC might just want to take it over. I mean they do it with the $10 bonus packs and whatever trinket power they do. It would also run the RMTs out.
11 months of all-nighters, messy feeding sessions, bath fighting and realizing just how good my son's lungs work, and I am still convinced he is the crowning accomplishment in my life. What in the blue HFIL is wrong with me?
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I doubt that there's an InfForCash.com storefront anywhere. Or a cube farm with rows of goldfarmers. More likely, they work from small private areas, like Sum Gai's basement, just like the CD and DVD pirates would. Having a storefront/warehouse/base of operations, business licence, etc just cuts into costs anyways.
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Not exactly. A lot of the workers doing the grunt work of gathering loot are teenagers or young college adults doing it as a part time gig while in school. They operate mostly out of the many internet cafes that are all over China. They also tend to work in shifts through out the day and multiple employees can share one account to keep the cost down. I learned all of this by seeing it with my own eyes and also by talking to some of them. It's actually kind of interesting how complex it is even though the concept sounds so simple. Strangely enough, none of them has heard of CoX but they've all done some work with WoW and Lineage 1/2.
I'm not too confident that this law will actually accomplish anything, but it does generate a little hope.
From the NY Times.
I know, I know, the farmers will get around this without even breaking a sweat, but it will at least make it more expensive for them (I hope).
...stupid gold farmers...
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Edit: I have no idea if this is an appropriate forum for this or if indeed there is an appropriate forum here. If not, mods please delete?
...in CoH racing to 50 is like trying to race to the end of your vacation. -Arcanaville
Debt barely slows down levelling these days. It's just a little bar that measures how much Awesome you've generated recently. (If you're not getting debt, you're just not trying to generate Awesome hard enough.) -Kelenar