work for itCantFaketheFunk said:But--but my Traveler's Tundra Mammoth!
but banned gold farming? atleast it will lower chat/forum spam for gold sites
work for itCantFaketheFunk said:But--but my Traveler's Tundra Mammoth!
asinann said:They didn't ban gold farming or gold selling, they banned gambling with it and forbid minors from buying it. They also prevented people from trading in game money for real world toys. Nothing in there about not buying or selling as an adult though.
Virtual currency is now only exchangeable for virtual goods, not real goods/services. IE you can't exchange WoW gold for real money.article said:"The virtual currency, which is converted into real money at a certain exchange rate, will only be allowed to trade in virtual goods and services provided by its issuer, not real goods and services,"
I know someone who would do this to the farmers in WoW, but your right, it IS funny.Link Kadeshi said:Aww, I like stealing the mined resources from the Chinese farmers in Eve. The guard ship opens fire on me, I destroy it with my better ship/skills.... It's a fun game.
Notice how it said "which is coverted into real money at a certain exchange rate"?guardian001 said:asinann said:They didn't ban gold farming or gold selling, they banned gambling with it and forbid minors from buying it. They also prevented people from trading in game money for real world toys. Nothing in there about not buying or selling as an adult though.Virtual currency is now only exchangeable for virtual goods, not real goods/services. IE you can't exchange WoW gold for real money.article said:"The virtual currency, which is converted into real money at a certain exchange rate, will only be allowed to trade in virtual goods and services provided by its issuer, not real goods and services,"
Hats off to china, the censorship actually hit onto something useful for once.
That refers to currently. it is being converted at an exchange rate, this will stop that exchange rate.asinann said:Notice how it said "which is coverted into real money at a certain exchange rate"?guardian001 said:-Snip-
That means it can still be bought and sold, but can only be used after purchase for things in game. Otherwise the companies that sell their own currency wouldn't be able to sell their own currency any more either. They aren't going to kill a multi-billion dollar industry just because a few corporations ask them to, it's bloody China. The country that just told the largest computer manufacturers in the world that the Chinese firewall will come pre-installed or they can't be sold there, and stuck to it.
More like ruthlessly controllingxmetatr0nx said:There is something so ruthlessly efficient about china sometimes, i love it.
Hey, sometimes that's the best way.Cortheya said:More like ruthlessly controllingxmetatr0nx said:There is something so ruthlessly efficient about china sometimes, i love it.
Except that the law doesn't make any mention of current rates of exchange, just a rate of exchange.guardian001 said:That refers to currently. it is being converted at an exchange rate, this will stop that exchange rate.asinann said:Notice how it said "which is coverted into real money at a certain exchange rate"?guardian001 said:-Snip-
That means it can still be bought and sold, but can only be used after purchase for things in game. Otherwise the companies that sell their own currency wouldn't be able to sell their own currency any more either. They aren't going to kill a multi-billion dollar industry just because a few corporations ask them to, it's bloody China. The country that just told the largest computer manufacturers in the world that the Chinese firewall will come pre-installed or they can't be sold there, and stuck to it.
Before:
X fake $ = Y Real $
Gold farming = profitable
After:
Infinite fake $ = 0 real $
Gold farming = gone
The only reason the government of China is doing this is so that Virtual currency will not be exchangeable for Real currency. They are stopping the exchange rate. The virtual currency will be redeemable for virtual goods provided by the company who controls the virtual currency, but will not be redeemable for Actual money by outside corporations.
The company controlling the currency may (not sure about this) still be able to exchange it for real money, but outside corporations (the gold farmers) will not.
So it ends gold farming. See how that works?