It seems that Bitcoin is experiencing the same fits and starts that any new currency undergoes early in its history. Though Bitcoin is 2 years old, the mainstream press discovered it much more recently, and since then, Bitcoin has experienced some schizophrenic volatility — you can read Jon Evans’ recent diagnosis here.
Yet, absent from Evans’ post is the very latest news out of the virtual… → Read More
Editor’s note: Stan Stalnaker is the founding director of Hub Culture, a social network that revolves around a virtual currency called Ven. In this guest post, he extrapolates where virtual currencies like Ven and Bitcoins may take us.
The global virtual goods industry put up some very impressive numbers this year. From special Easter eggs to virtual ad campaigns, virtual goods sales have grabbed their share of headlines over the past twelve months. Now with social gaming on the rise and everyone from your teenage nephew to your grandma to your old rugby teammate buying a “little something” to sweeten their online game, here… → Read More
If we’re reading correctly, this patent filed in March is multiplayer gaming network Zynga‘s application for the control of virtual currency and/or poker chips bought with real currency in virtual games, a.k.a a patent for “Virtual Playing Chips in a Multiuser Online Game Network.”
While at first glance it seems like the patent’s strictures only pertain to poker chips, it explicitly references… → Read More
Editor’s note: The following guest post is by Gurbaksh Chahal, the CEO of gWallet, a virtual currency offers startup. Previously he founded BlueLithium, which was sold to Yahoo for $300 million in 2007.
Don’t be surprised if one day soon the must-have item of the season doesn’t even exist. Not in the real world, anyway. Then again, what did reality ever have to do with desire anyway? The… → Read More