Top Questions - Virtual Currency Experts most recent 30 from http://virtualcurrencyexperts.com 2010-03-12T11:03:41Z http://virtualcurrencyexperts.com/feeds http://www.creativecommons.org/licenses/by-nc/2.5/rdf http://virtualcurrencyexperts.com/questions/2/are-there-any-drawbacks-to-a-dual-currency-system Are there any drawbacks to a dual-currency system? ROI Roy 2009-11-04T22:20:23Z 2010-03-12T02:25:53Z <p>I've read a few articles now about implementing dual currencies to avoid gaming, and to clearly separate a currency for paying users vs. free users. The benefits make total sense, and I feel like this is becoming the best practice for virtual currency execution. </p> <p>But I'd really be interested to hear if anyone has experienced any major problems with dual currency systems that I should consider before I get too far into my facebook app development? </p> http://virtualcurrencyexperts.com/questions/8/virtual-currency-reading-list virtual currency Reading list Andy 2009-11-09T05:08:34Z 2010-03-11T00:27:01Z <p>What are the best blogs to keep abreast of virtual currency online?</p> http://virtualcurrencyexperts.com/questions/84/there-is-no-real-point-in-buying-worthless-virtual-cash There is no real Point in Buying Worthless Virtual Cash Roderick 2010-01-11T19:38:45Z 2010-03-10T06:26:10Z <p>What generally are the motives behind buying virtual cash? Especially for free services like Farmville.</p> http://virtualcurrencyexperts.com/questions/44/when-can-we-expect-a-well-regulated-virtual-currency-exchange When can we expect a well regulated Virtual Currency Exchange? arunmohanrc 2010-01-02T15:13:37Z 2010-03-06T11:25:58Z <p>Since Virtual Currencies are gaining in popularity across the world. Don't you think a well regulated Virtual Currency Exchange is required where people could swap virtual currencies? What are the uses and drawbacks of setting up a Virtual Currency Exchange? and When can we expect them?</p> http://virtualcurrencyexperts.com/questions/51/fluctuation-in-virtual-currency-prices Fluctuation in virtual currency prices unknown (yahoo) 2010-01-04T16:11:43Z 2010-03-05T00:26:57Z <p>What are some factors that drive the fluctuations in the virtual-econonmy of virtual currency prices?</p> http://virtualcurrencyexperts.com/questions/70/purchasing-virtual-currency-online Purchasing Virtual Currency Online unknown (yahoo) 2010-01-06T03:46:05Z 2010-03-05T00:26:57Z <p>Can you buy virtual currency online with real world money?</p> http://virtualcurrencyexperts.com/questions/5/top-10-most-influential-virtual-currency-bloggers TOP 10 MOST INFLUENTIAL VIRTUAL CURRENCY BLOGGERS Keith Smith 2009-11-09T02:16:04Z 2010-03-04T03:25:04Z <h2>Announcing the:</h2> <h2>TOP 10 MOST INFLUENTIAL VIRTUAL CURRENCY BLOGGERS</h2> <p>We've been watching this space for a while now and have compiled this list. We've ranked folks based on what kind of impact they seem to have on the industry, how widely they are read, and how intelligent and insightful they seem to be on the topic (an entirely subjective rating, I'll grant you).</p> <ol> <li><a href="http://www.jayweintraub.com/" rel="nofollow">Jay Weintraub</a></li> <li><a href="http://andrewchenblog.com/" rel="nofollow">Andrew Chen</a></li> <li><a href="http://www.kidmercuryblog.com/f101/" rel="nofollow">Kid Mercury</a></li> <li><a href="http://www.insidesocialgames.com/" rel="nofollow">Justin Smith</a></li> <li><a href="http://socialdegree.com/" rel="nofollow">Brian Balfour</a></li> <li><a href="http://blog.jambool.com/" rel="nofollow">Vikas Gupta</a></li> <li><a href="http://www.slideshare.net/plus8star/virtual-goods-in-asia" rel="nofollow">Benjamin Joffe</a></li> <li><a href="http://giffconstable.com/" rel="nofollow">Giff Constable</a></li> <li><a href="http://fraudbackstage.blogspot.com/" rel="nofollow">Ohad Samet</a></li> <li><a href="http://www.srpoints.com/blog" rel="nofollow">Jason Bailey</a></li> </ol> <p>We'd love to hear from others on their thoughts.</p> http://virtualcurrencyexperts.com/questions/4/virtual-currency-in-iphone-apps Virtual Currency in iPhone apps? Keith Smith 2009-11-06T00:13:51Z 2010-03-03T21:28:57Z <p>There's been lots of discussion as of late about in-app monetization for iPhone apps. Does anyone have thoughts on how best to implement virtual currency within an iPhone app?</p> http://virtualcurrencyexperts.com/questions/40/is-it-possible-to-couterfeit-virtual-currency Is it possible to couterfeit virtual currency? nicole smith 2010-01-01T19:44:21Z 2010-03-02T09:25:50Z <p>Is it possible to counterfeit virtual currency or rig the system?</p> http://virtualcurrencyexperts.com/questions/37/what-are-the-costs-of-a-virtual-currency What are the costs of a Virtual Currency? JenB41 2009-12-31T13:57:59Z 2010-03-02T07:28:41Z <p>Usually there is a fee, or commission, when changing one currency to another. Does this apply to Virtual Currencies too? Is there also a time cost, i.e. how many business days are required when buying/selling a Virtual Currency?</p> http://virtualcurrencyexperts.com/questions/38/can-i-get-a-virtual-currency-loan Can I get a virtual currency loan? unknown (google) 2010-01-01T02:52:31Z 2010-03-02T07:28:41Z <p>Is it possible to get a virtual currency loan from someone? If so, can you please explain to me how this works. Thanks!</p> http://virtualcurrencyexperts.com/questions/30/will-virtual-currency-have-any-real-effect-in-the-real-world Will virtual currency have any real effect in the real world? Jack Lin 2009-12-27T01:50:38Z 2010-03-02T05:28:47Z <p>I was just wondering if virtual money will ever have a large impact in the real world. I know some can be converted into real money but you need lots of it. Is there ever going to be say a virtual market that has a good weight in the real world. I love that you can convert millions in virtual money into real but will that conversion every reflect real life money. I just dont think millions of fake dollars is worth say 1 buck.</p> http://virtualcurrencyexperts.com/questions/86/where-can-a-find-an-overview-of-all-virtual-currency-platforms Where can a find an overview of all virtual currency platforms? dirk 2010-01-23T22:31:18Z 2010-01-23T22:31:18Z <p>Where can a find an overview of all virtual currency platforms?</p> http://virtualcurrencyexperts.com/questions/83/conversion-of-virtual-currency Conversion of Virtual Currency Ashok Chauhan 2010-01-11T14:53:18Z 2010-01-11T14:53:18Z <p>How can we convert one virtual currency in to another currency, what would be the rate of conversion?</p> http://virtualcurrencyexperts.com/questions/82/need-of-virtual-currency Need of Virtual Currency Ashok Chauhan 2010-01-11T14:28:18Z 2010-01-11T14:28:18Z <p>What is the need of using Virtual Currency, We may use any standard currency for all purpose?</p> http://virtualcurrencyexperts.com/questions/81/creation-of-virtual-currency creation of virtual currency nasima 2010-01-11T03:26:32Z 2010-01-11T03:38:36Z <p>Whose idea was it to create a virtual currency? What was the reason for the person who created the virtual currency to bring it into existence? What are the basic rules of acquiring a virtual currency?</p> http://virtualcurrencyexperts.com/questions/80/virtual-currency-in-erepublik Virtual Currency in Erepublik magtown 2010-01-11T00:03:34Z 2010-01-11T00:03:34Z <p>In the game Erepublik, you can purchase currency in the game using Paypal. I have a lot of Gold in my character's Erepublik account, but I'm not going to keep playing the game. How can I sell my game currency to another player for real money?</p> http://virtualcurrencyexperts.com/questions/79/bribe-with-virtual-currency Bribe with virtual currency unknown (google) 2010-01-10T14:52:12Z 2010-01-10T14:52:12Z <p>Can we bribe with virtual currency?</p> http://virtualcurrencyexperts.com/questions/78/insurance-with-virtual-currency Insurance with Virtual currency unknown (google) 2010-01-10T14:28:24Z 2010-01-10T14:28:24Z <p>Can we get Insurance with Virtual currency?</p> http://virtualcurrencyexperts.com/questions/77/how-virtual-currency-effect-society how virtual currency effect society? unknown (google) 2010-01-09T18:23:58Z 2010-01-09T18:23:58Z <p>I want to know how virtual currency effect society?</p> http://virtualcurrencyexperts.com/questions/76/is-it-possible-to-convert-virtual-currency-to-physical-currency Is it possible to convert virtual currency to physical currency? unknown (google) 2010-01-09T17:59:22Z 2010-01-09T17:59:22Z <p>How to convert virtual currency to physical currency?</p> http://virtualcurrencyexperts.com/questions/75/can-we-link-our-bank-account-with-virtual-currency Can we link our bank account with virtual currency? Ariyanathan 2010-01-08T18:20:24Z 2010-01-08T18:20:24Z <p>As we do in paypal, Can we link our bank account with virtual currency. can we withdraw money from that?</p> http://virtualcurrencyexperts.com/questions/74/is-it-possible-to-transfer-virtual-currency-to-my-paypal-account Is it possible to transfer virtual currency to my paypal account? unknown (yahoo) 2010-01-07T21:22:40Z 2010-01-07T21:22:40Z <p>I would like to know if is possible to transfer virtual currency to paypal and if so how</p> http://virtualcurrencyexperts.com/questions/73/is-it-being-covered-by-any-governing-body Is it being covered by any Governing body? unknown (yahoo) 2010-01-07T21:22:11Z 2010-01-07T21:22:11Z <p>Is the world of virtual economy being covered under any of the federal governing body? Is there an act imposed on it? Who regulates it all?</p> http://virtualcurrencyexperts.com/questions/69/will-virtual-currency-ever-fall-victim-to-forgery Will virtual currency ever fall victim to forgery ? fred 2010-01-05T14:47:04Z 2010-01-05T14:47:04Z <p>I was just think whether games designers or hackers can or will abuse the system. </p> <p>I personnaly think its already happening </p> http://virtualcurrencyexperts.com/questions/68/virtual-currency-as-cash Virtual currency as cash Donatus 2010-01-05T13:40:52Z 2010-01-05T13:40:52Z <p>How important is it that a virtual currency be able to take the form of cash? One of the most important features of real-world currency is that a dollar bill retains it's value no matter who holds it, and it can retain that value after being handed to another person.</p> <p>Most virtual currencies do not have this quality. Almost all systems require that the payer and the receiver's identity is known either to each other or the system or both.</p> <p>True cash does not have this limitation. As far as I know, the only system that attempted this was eCash in the late 1990s which failed. How important is it for a virtual currency to be able to be used as cash? The powers-that-be of course don't want to provide virtual currencies that have an anonymous quality of course, but consumers find it very useful with real currencies.</p> <p>Will consumers ever accept a currency that doesn't work the way they want it too?</p> http://virtualcurrencyexperts.com/questions/67/is-there-any-risk-of-real-currency-devaluing-virtual-currency Is there any risk of real currency devaluing virtual currency? Michael Hall 2010-01-05T11:38:12Z 2010-01-05T11:38:12Z <p>Is there a risk of a real currency like the US Dollar devaluing a virtual currency like WoW gold or Linden dollars in Second Life?</p> <p>Maybe this has already happened before? It's interesting to think about if people in the virtual world would even notice before a developer started to fix the virtual currency problem.</p> http://virtualcurrencyexperts.com/questions/61/certification-in-virtual-currency Certification in Virtual Currency Chuck 2010-01-05T03:58:47Z 2010-01-05T07:00:45Z <p>As virtual currency exchange is taking off how can we be sure that advisers have relevant qualifications and expertise to give us sound advice? Is there any trade body yet, or is the VC too new a concept?</p> http://virtualcurrencyexperts.com/questions/62/subscriptions-vs-currency Subscriptions vs Currency Rushenanigear 2010-01-05T05:10:55Z 2010-01-05T05:10:55Z <p>How do the profits made from subscription based games compare to the profits made from games which charge for special, virtual currency? Also, how do the loyalty rates compare?</p> http://virtualcurrencyexperts.com/questions/47/real-world-tax-drawbacks-to-virtual-currency Real world tax drawbacks to virtual currency? elakin 2010-01-02T22:10:09Z 2010-01-05T01:40:47Z <p>With the introduction of virtual currency into many web-based transactions, including but not limited to, gaming, what type of tax responsibilities does virtual currency carry? In some systems, virtual currency can be redeemed for "real money" or "real products" which can be construed as income. Are there or will there be repercussions for dealing in virtual currency to avoid paying taxes and if virtual money is converted to actual cash will the same tax liabilities hold?</p>