Victor Leigh Posted July 28, 2012 Share Posted July 28, 2012 Play money, in a forum, would be virtual currency. Real money, of course, is hard cash. I have seen some forums which have a thriving economy based on virtual currency. Members earn virtual currency by making posts and referring members. Then they can use this virtual currency to buy services from other members. The forum itself, sometimes, also offer real money lottery prizes where the members can buy lottery tickets with virtual currency. What do you think? Quote Link to comment Share on other sites More sharing options...
Administrators Nathan Posted July 29, 2012 Administrators Share Posted July 29, 2012 I started to implement this some time back, but it was a heavy mod. I wasn't sure I wanted to start that here as it almost makes the forum seem less mature. Am I the only one that thinks that? Quote Link to comment Share on other sites More sharing options...
Victor Leigh Posted July 29, 2012 Author Share Posted July 29, 2012 This is a subjective matter. Is playing the lottery simply a childish diversion? So how many kids buy the lottery tickets in real life? How many kids are there playing the tables in the casinos? If calling it a lottery seems childish, how about calling it "Random Selection of Winners" or RanSeoW? Quote Link to comment Share on other sites More sharing options...
Administrators Nathan Posted July 29, 2012 Administrators Share Posted July 29, 2012 Yeah I guess I could try it again. Quote Link to comment Share on other sites More sharing options...
Victor Leigh Posted July 29, 2012 Author Share Posted July 29, 2012 Once you have a virtual currency running, you will have options to create a virtual economy. Things like banner ads are natural products for virtual currency. Depending on the demand, you can sell, say, banner ads, at a fixed price or through an auction. Of course, when the site is popular, an auction will get you a lot more money, even if it's in virtual currency. Quote Link to comment Share on other sites More sharing options...
bryce12 Posted August 8, 2012 Share Posted August 8, 2012 Are you referring to bitcoin? I have seen lots of websites using bitcoins to conduct transactions. As far as I am aware, bitcoins can be converted into real currency. Quote Link to comment Share on other sites More sharing options...
JHTech100 Posted August 8, 2012 Share Posted August 8, 2012 Are you referring to bitcoin? I have seen lots of websites using bitcoins to conduct transactions. As far as I am aware, bitcoins can be converted into real currency. I don't think he is referring directly to bitcoins. However, the concept is similar. Quote Link to comment Share on other sites More sharing options...
ashwinr1 Posted August 30, 2013 Share Posted August 30, 2013 I used to be in a forum where in they conducted tournaments with virtual money. The player who eventually had the highest virtual money was the winner and was paid in cash! Quote Link to comment Share on other sites More sharing options...
Grumpy Posted December 20, 2013 Share Posted December 20, 2013 A lot of great and large forums are based off of a virtual economy. A prime example of this is Gaia Online, the largest forum in the world. Of course, it's integrated with a whole game and various other features, but it's still a forum which offers coins as a reward for posting there, which can be used in the game. A little different from forums that use modifications to add points systems but it works in the same concept, and Gaia Online makes millions of dollars every single year, so it's been successful. Quote Link to comment Share on other sites More sharing options...
XxMotleyCrueXx Posted December 25, 2013 Share Posted December 25, 2013 I like the idea of posting in forums etc to earn money or points that can be used towards prizes/gifts. I think it is a neat idea, unlike GPT sites where you sit there all day doing offers for pennys and sometimes not getting credited, resulting in a waste of time. Posting in forums is easy and you know your getting paid! Quote Link to comment Share on other sites More sharing options...
mikelouis Posted January 12, 2014 Share Posted January 12, 2014 Since it is a virtual curency I guess it has no monetary value. You will just have a lot of virtual currencies which you can not withdraw or use it to buy something tangible. I would not root for such an idea. Quote Link to comment Share on other sites More sharing options...
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