Sunday, November 20, 2011
Marinate on the Concept of Virtual Currency
Ninjas have been using virtual currency throughout the ages. Bartering was the first way in which we exchange services for goods . In some ways bartering is virtual currency. Prison niggas also used virtual currency via cigarettes, gum and food. I think that we create some sort of policy wherein we can exchange goods and do biz with one another.
Peep game fam. There are two types of virtual currency systems exist today. Open loop and closed loop. The closed loop system has been used for years by the airline and credit card companies. They create mileage and credit card points. Then there was the arcade , at the arcade you could get six tokens for a dollar. This is a form of closed loop virtual currency. Dave and Busters also has a system where you earn points to spend on services offered by the company. The open loop system is the most current form of exchange. It allows any relevant Ninja to exchange virtual currency using formats like Bitcoin and Ven. If muffuggahs are gonna stay relevant then we are going to have to look at open loop virtual currency systems. Get ya game up and stay relevant.
RN
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