Comments on: China Bans Gold Farming: Notoriously Controlling, Yet Forward Thinking? http://www.gamesbrief.com/2009/06/china-bans-gold-farming-notoriously-controlling-yet-forward-thinking/ The Business of Games Thu, 09 Feb 2012 08:28:44 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Nicholas Lovell http://www.gamesbrief.com/2009/06/china-bans-gold-farming-notoriously-controlling-yet-forward-thinking/comment-page-1/#comment-4440 Nicholas Lovell Wed, 01 Jul 2009 15:38:06 +0000 http://www.gamesbrief.com/?p=1845#comment-4440 I believe, although I may be wrong on this, that China was worrying about the impact on its own real economy of their being freely-tradeable currencies that were not under state control. In other words, if people started buying goods from each other in exchange for, for example, Linden dollars, then the Chinese government would have lost control of the money supply, one of the two core levers governments can use to directly impact the economy.<br><br>I'm not sure that they were right, but it shows that they were worried about virtual currencies getting so big that they threaten the renminbi in the real world. I believe, although I may be wrong on this, that China was worrying about the impact on its own real economy of their being freely-tradeable currencies that were not under state control. In other words, if people started buying goods from each other in exchange for, for example, Linden dollars, then the Chinese government would have lost control of the money supply, one of the two core levers governments can use to directly impact the economy.

I'm not sure that they were right, but it shows that they were worried about virtual currencies getting so big that they threaten the renminbi in the real world.

]]> By: Nicholas Lovell http://www.gamesbrief.com/2009/06/china-bans-gold-farming-notoriously-controlling-yet-forward-thinking/comment-page-1/#comment-3496 Nicholas Lovell Wed, 01 Jul 2009 07:38:06 +0000 http://www.gamesbrief.com/?p=1845#comment-3496 I believe, although I may be wrong on this, that China was worrying about the impact on its own real economy of their being freely-tradeable currencies that were not under state control. In other words, if people started buying goods from each other in exchange for, for example, Linden dollars, then the Chinese government would have lost control of the money supply, one of the two core levers governments can use to directly impact the economy.<br><br>I'm not sure that they were right, but it shows that they were worried about virtual currencies getting so big that they threaten the renminbi in the real world. I believe, although I may be wrong on this, that China was worrying about the impact on its own real economy of their being freely-tradeable currencies that were not under state control. In other words, if people started buying goods from each other in exchange for, for example, Linden dollars, then the Chinese government would have lost control of the money supply, one of the two core levers governments can use to directly impact the economy.

I'm not sure that they were right, but it shows that they were worried about virtual currencies getting so big that they threaten the renminbi in the real world.

]]>