Sunday, January 22, 2012

Roller Coaster Economy

I just Scooped a story titled <a href="" title="Is Facebook a Central Bank, Too?"></a> Physical currencies are dying. Plain and simple. I first snickered when the book "Snow Crash" was referring to Regan million dollar notes. You were never going to see something like that. Ever. But why couldn't you see millions of Facebook credits?

International banking is suddenly realizing that, hey, banking as we've known it is going the way of the Dodo bird. Talks are happening. Google and PayPal are in position. There are millions being exchanged in Linden Dollars. Why not Facebook Credits?

The financial and jobs market are at the precipice. Whichever way they fall off, both will land in roses. Between supplementing your income from gameplay in Facebook Credits, and the Securities and Exchange Commission defining the values of gaming points that can be used in the physical world economy, everyone is going to at least pull themselves up by the bootstraps and get on their feet again!