I just Scooped a story titled <a href="http://www.forbes.com/sites/georgeanders/2012/01/20/is-facebook-a-central-bank-too/" 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!
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!
The potential problem I see is something similar to what we are seeing now with SOPA and PIPA. These two bills exist largely because major content producers want to protect their current business models in which they have so much vested interest. They dont want to realize that the internet and what not is here to stay and they have to like it because for all that SOPA and PIPA are they ultimately wont really do that much to stop piracy.
ReplyDeleteWill those who have a vested interest in the economy and current monetary systems just allow the current system to go by the wayside and move into these new arenas?