11 Matching Annotations
  1. Jan 2020
    1. How To Make Thousands of Gold In Guild Wars 2 - Guide & Advice From The MMOs Richest Player [2019]

      29.20 / It all comes down to trust. (ingame-otc desk instead of using game's own marketplace.)

      Trading posts between servers.

      Merchant Guilds with grand-bazaar like reputation tracking.

      GW2 economy design decisions necessitates the formation of guilds / trading communities.

      Bypassing tax of "Trading Post" via P2P bartering.

      Reddit exchange.

      Only reputation metric is your trading history in that specific subreddit. Use people with high reputation as escrow.

      No middle-class in GW2. Rich records 2 hours long podcast for more players to make money.

      Achievement system integrates with how fast you make gold and progress on other parts of the game. Golden idea to be included into social economy design!

      "Do x,y,z like "recycle 1 ton of plastic" - earn "plastic recycler badge and get a %0.02 reduction on your bills." This can also get out of hand quickly, slippery slope. Still, implemented responsibly, can work wonders for a society.

      We want money to flow through people and make it flow through your community first.

      Sell to your community first. Then use global trade post as plan B.

      When we changed the way we trade, the nature of gold in game changed. We were prioritizing materials, not gold. Resources became money, a multi-currency economy.

      Community became tighter, engagement increased, people socialized more and started to enjoy the game more. Middle-class emerged!

      Players learn how to achieve goals. Make money just playing the game.

      "Trade post guilds" changed the whole game.

      Peg the spirit shards value to play time value, all of a sudden everything matters (in the game)

      Economical decisions in this game forces people to cooperate if you want to achieve a goal.

      Maps (levels) are designed in a specific way, you are expected to flow through the entrance to exit and earn map currency.

  2. Jun 2019
  3. May 2019
    1. thousand pounds

      The buying power of a thousand pounds, is equivalent to the buying power of $87,093 US dollars today.

      https://www.uwyo.edu/numimage/currency.htm

  4. Oct 2017
    1. Whenever a commentator or an economist conflates the fiscal outlook for a nation that issues its own currency (for example, the US) with the outlook for a nation that uses a foreign currency (for example, Greece) you know one thing for certain – they have not understood what currency sovereignty is.

      Another school of thought on sovereign currency is sovereign money (https://www.sovereignmoney.eu/).

  5. Mar 2017
    1. Where does one draw the 'community lines'? How much do people need to 'care' for each other to be part of a 'community'? Who decides who is in and who is out? What are the criteria? I am getting the distinct impression that 'community' is a problematic pattern  which hides more than it reveals

      Politics power and community.

      Who is in, who is out.

  6. Sep 2016
  7. online.salempress.com.lacademy.idm.oclc.org online.salempress.com.lacademy.idm.oclc.org
    1. Currency: United States dollar

      I find that this is weird because El Salvador is actually pretty far away from the US. It is in the middle of central america, so u would expect for them to use a different currency.

  8. Jun 2016
    1. Being accessible, comprehensible and reachable is where credibility now lies, because of the expectations embedded in practicing openly on the Resident Web.
  9. Jan 2016
  10. Dec 2015
    1. Omidyar Network, established in 2004 by eBay founder Pierre Omidyar, is funding a company called eCurrency Mint, eCM, for a technology that will allow central banks to issue digital currency called cryptocomplex cash. They have been working with 30 central banks, and two of them are about to announce deployment.

    1. gives Chinese exporters a huge advantage

      Contrasting:

      "Some economists, such as Paul Krugman, argue that Chinese currency devaluation helps China by boosting its exports, and hurts the United States by widening its trade deficit. ... Krugman has suggested that the United States should impose tariffs on Chinese goods"

      vs.

      "Greg Mankiw, on the other hand, asserts that U.S. protectionism via tariffs will hurt the U.S. economy far more than Chinese devaluation. Similarly, others have stated that the undervalued yuan has actually hurt China more in the long run insofar that the undervalued yuan doesn’t subsidize the Chinese exporter, but subsidizes the American importer."

      [Source: https://en.wikipedia.org/wiki/Currency_intervention#Chinese_Yuan Retrieved December 9, 2015]

  11. Oct 2013
    1. Custom, however, is the surest preceptor in speaking, and we must use phraseology, like money, which has the public stamp.

      Money metaphor. We use our language like currency and must be able to exchange and understand.