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	<title>Virtual Currency</title>
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		<title>Virtual Currency</title>
		<link>http://vbusiness.wordpress.com</link>
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		<item>
		<title>Ni Hao Video and Chinese Farmers</title>
		<link>http://vbusiness.wordpress.com/2007/08/26/ni-hao-video-and-chinese-farmers/</link>
		<comments>http://vbusiness.wordpress.com/2007/08/26/ni-hao-video-and-chinese-farmers/#comments</comments>
		<pubDate>Sun, 26 Aug 2007 14:12:34 +0000</pubDate>
		<dc:creator>vbusiness</dc:creator>
				<category><![CDATA[Game Game Game]]></category>

		<guid isPermaLink="false">http://vbusiness.wordpress.com/2007/08/26/ni-hao-video-and-chinese-farmers/</guid>
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			<content:encoded><![CDATA[<p><font face="Courier New"><span style="text-align:center; display: block;"><a href="http://vbusiness.wordpress.com/2007/08/26/ni-hao-video-and-chinese-farmers/"><img src="http://img.youtube.com/vi/0dkkf5NEIo0/2.jpg" alt="" /></a></span></font></p>
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		<title>A story of new blooming virtual currency market</title>
		<link>http://vbusiness.wordpress.com/2007/08/22/a-story-of-new-blooming-virtual-currency-market/</link>
		<comments>http://vbusiness.wordpress.com/2007/08/22/a-story-of-new-blooming-virtual-currency-market/#comments</comments>
		<pubDate>Wed, 22 Aug 2007 03:47:44 +0000</pubDate>
		<dc:creator>vbusiness</dc:creator>
				<category><![CDATA[Vistual Economics]]></category>

		<guid isPermaLink="false">http://vbusiness.wordpress.com/2007/08/22/a-story-of-new-blooming-virtual-currency-market/</guid>
		<description><![CDATA[This will be a never ending story I am afraid, before I entered this field this information never impressed me or I didn&#8217;t notice what I would experience on the &#8216;ground&#8217;&#8211;a ground made by virtual numbers 1 and 0, but enormously flow into cash flood from one country to the other side of the earth. [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=vbusiness.wordpress.com&amp;blog=1384629&amp;post=4&amp;subd=vbusiness&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>This will be a never ending story I am afraid, before I entered this field this information never impressed me or I didn&#8217;t notice what I would experience on the &#8216;ground&#8217;&#8211;a ground made by virtual numbers 1 and 0, but enormously flow into cash flood from one country to the other side of the earth.</p>
<p>But it still flows silently, no goverments realize its value. No tax, no trade policy, no one talk loudly. And also, on one can conclude it with proper understanding.</p>
<p>Yes, this is a new blooming field, with globe trading flourished situation, on-line game virtual currency trading, or be said, &#8216;RMT&#8217;, &#8216;Real Money Trading&#8217; in on-line game.</p>
<p>Entertainment, more and more people now enjoy vedio game at home, also they can play with friends on-line. So on-line game grows rapidly in recent years because of internet&#8217;s maturity. The hottest on-line game, &#8216;World of Warcraft&#8217; as an example , it owns a huge number of members up to 9 millions.  9 millions players at least spent 20 EURO per account, then they may spend more money on game card, about 10 EURO per month. as the least time spend on this game-3 month. They can earn 50 EURO per player.<br />
So , let&#8217;s multiply, 9 millions * 50 EURO=450 millions EURO at least, no including expansion fee and accesorial value-add products.</p>
<p>But this is only the corner of ice. A addicted player ( or called core player) will not spent only such little cash on it. If you want to be more powerful or to conquer the barrier new to all players, you got to pay more. More time, more concentration. No time for you? But you still want to finish that impossible mission? Ok you can pay.<br />
There are special workers producing in-game currency at some cheap labour district, only if you pay some real money to them ( for currency in game), you can get power fast enough to conquer end game that too hard to finish.<br />
So, this is where the RMT come from. And how virtual money come to real money.</p>
<p>But, to narrate the process is easy, if you are one of the crowds in gold rush,  you will feel totally different, even breathless.</p>
<p>(to be continued&#8230;)</p>
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		<title>What&#8217;s virtual currency?</title>
		<link>http://vbusiness.wordpress.com/2007/07/22/whats-virtual-currency/</link>
		<comments>http://vbusiness.wordpress.com/2007/07/22/whats-virtual-currency/#comments</comments>
		<pubDate>Sun, 22 Jul 2007 16:39:19 +0000</pubDate>
		<dc:creator>vbusiness</dc:creator>
				<category><![CDATA[Virtual Currency]]></category>

		<guid isPermaLink="false">http://vbusiness.wordpress.com/2007/07/22/whats-virtual-currency/</guid>
		<description><![CDATA[Can we eat them? Can we use them to buy a pack of cigarette? My answer is, &#8216;yes, you can&#8217;. Virtual is their form, for their worth. They can be used to do everything, including, eating. From now on, I will explain one by one content, to the faces of virtual economics. Now this unbelievable [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=vbusiness.wordpress.com&amp;blog=1384629&amp;post=3&amp;subd=vbusiness&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Can we eat them? Can we use them to buy a pack of cigarette?</p>
<p>My answer is, &#8216;yes, you can&#8217;.</p>
<p>Virtual is their form, for their worth. They can be used to do everything, including, eating.</p>
<p>From now on, I will explain one by one content, to the faces of virtual economics. Now this unbelievable field comes into part of marco economic and influences some people, also, more people.<br />
Just one number I will use, in China, there are at least 0.5 million unemployed youngers now can be employed. This number is still growing.</p>
<p>In short, virtual currency is a kind of currency can be used in unreal world, such as online games or online communities. If only people crowd in a place, where comes the need of currency. All know that. So virtual currency appears in digital form.</p>
<p>Basically, one kind of virtual currency won&#8217;t take too much role in real world due to the related-small virtual world, if this virtual world exsit only within a small amount members.  But if the members&#8217; amount grow to 8 million, things all different, real world is unavoidably connected.</p>
<p>For the need in virtual world, someone may spend their real currency to fulfil. Then, two kinds of currency connect.<br />
Now do you still feel surprised when you heared virtual currency can be ate?</p>
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			<media:title type="html">vbusiness</media:title>
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		<item>
		<title>Currency is virtual, but cash is real</title>
		<link>http://vbusiness.wordpress.com/2007/07/18/hello-world/</link>
		<comments>http://vbusiness.wordpress.com/2007/07/18/hello-world/#comments</comments>
		<pubDate>Wed, 18 Jul 2007 09:38:45 +0000</pubDate>
		<dc:creator>vbusiness</dc:creator>
				<category><![CDATA[Virtual Currency]]></category>

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		<description><![CDATA[Everyday is new, we don&#8217;t know what will come out when tomorrow&#8217;s dawn light shinning. Vistual economic is totally new to us too. When most of economists are drilling tranditional economic concepts, new player of which all are youngers, begins to find their first fortune in virtual business, eagerly. Maybe, I am one of them. [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=vbusiness.wordpress.com&amp;blog=1384629&amp;post=1&amp;subd=vbusiness&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Everyday is new, we don&#8217;t know what will come out when tomorrow&#8217;s dawn light shinning.<br />
Vistual economic is totally new to us too. When most of economists are drilling tranditional economic concepts, new player of which all are youngers, begins to find their first fortune in virtual business, eagerly.</p>
<p>Maybe, I am one of them.<br />
The only little  difference is, I fond of studying this, think its way, its profit situation, and its living possibility in future. Meanwhile, I reponse for this, this&#8217;s  my job.</p>
<p>Where is demand, there is business men.<br />
Besides game industry  flourished these ten years, we not only saw giant company SONY, INTENDO, MIRCOSOFT threw huge costs to competite for much market, also players pocket opened widely to game suppliers. At the same time, derived participators such as garage kit producers or in-game gold sellers can share pieces from the &#8216;big cake&#8217;.</p>
<p>If people crowd, there will be market.<br />
It is the same in virtual game world, we not only game, we also business.<br />
And it is the same as the real world, although gold coin in game is unreal, but after transition in real world, cash is real.</p>
<p>Welcome involver or researcher talk here.<br />
Welcome any questions.</p>
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