[cap-talk] Interesting article on virtual currency
James A. Donald
jamesd at echeque.com
Sun Apr 1 23:26:27 CDT 2007
James Graves wrote:
> There's an interesting article in today's Wall Street
> Journal about the virtual currency, called QQ,
> initially created by Tencent Holding Ltd.
> It started out as a play currency for in-game bonuses.
> But since then it has started being used for
> real-world transactions too. China's government isn't
> happy about that.
> There are also many issues surrounding a currency
> being used far outside its intended use. Stuff like
> conversions between yuans and QQ are often done in a
> woefully insecure manner. All of which could have
> been avoided from the start by studying the literature
> on the subject, but no one was thinking that far
> Another case of worse is better, I suppose.
The moral of the QQ story is that internet messaging
should not only support text, audio, and video, it
should also support a means of exchanging and
transferring promises, for when one person talks to
another, the topic is often what one of them can do for
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