Virtual Money; Real Money

Most people who read this blog don’t need to be told that money is a virtual concept. That the piece of paper we routinely exchange for food, fuel and other goods has little or no intrinsic value; it’s just a piece of paper representing a stored value. That the stockmarket is one big virtual game; and that Sun Microsystems professes to run the world’s biggest MMOG by virtue of providing the backbone on which Wall Street plays that game.
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Tech Review’s Excellent “Second Earth”

Rather than bother reading Forbes or BusinessWeek and getting poorly-researched stories, check out the excellent “Second Earth” (Link) article penned by Technology Review contributing editor Wade Roush. It’s not perfect (e.g. Multiverse doesn’t sell its software, it provides everything for free and makes money when world builders make money), but it’s close. The Multiverse slip, which isn’t all that major, was the only thing I caught, and considering this article is 11 pages long, there was plenty of opportunity to get it wrong… but Roush doesn’t.

Excellent piece of journalism by someone who obviously took the time to get it right, as far as I’m concerned. So take the time to read it.

via Ogle Earth