Timeline for How do you prevent inflation in a virtual economy?
Current License: CC BY-SA 2.5
9 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Jul 1, 2015 at 4:40 | comment | added | Dronz | Actually, money with time limits was actually done in Medieval Italy. It had the very beneficial effect that people started improving their properties and having beautiful and good things made for them, since they wanted to convert their paper money into something of actual value. | |
| May 17, 2015 at 12:29 | comment | added | uliwitness | I could see this for some resources, but it's not how real-life money works: Usually, banks take bills that are damaged out of circulation to have them replaced with fresh ones. You can even turn in a torn bill (as long as you have >50% of the physical bill, IIRC, to avoid people getting a twofer). The value needed to replace bills is part of what your taxes pay for. So at the least, this would be unexpected by most players and therefore cause backlash. | |
| Feb 1, 2013 at 16:29 | history | made wiki | Post Made Community Wiki by Jonas Byström | ||
| May 12, 2011 at 15:26 | comment | added | Gerold Meisinger | there is a fairly unknown and unestablished economic concept called "Freigeld" (see secure.wikimedia.org/wikipedia/en/wiki/Demurrage_%28currency%29), which claims to solve inflation by "wearing out money". | |
| Apr 30, 2011 at 2:42 | comment | added | user4513 | Wouldn't players who just stop playing simulate this accurately enough? | |
| Jan 7, 2011 at 1:27 | comment | added | Kzqai | Valid, but not especially compatible with actual players. Or even especially representative of any useful level of wear on money in reality. I'm sure that you can get a good 7000 or so transactions from each bill or each coin, not really useful as a money sink, and anything more frequent than that rings false. | |
| Sep 24, 2010 at 7:47 | comment | added | RCIX | @lathomas64: You explicitly need to point out that money doesn't last forever then :) That, and provide a zone where the money is too worn to use but exchangeable for new money. | |
| Sep 23, 2010 at 14:14 | comment | added | lathomas64 | I imagine this would cause a huge player backlash as player complain that their money simply dissapeared. | |
| Jul 28, 2010 at 6:18 | history | answered | RCIX | CC BY-SA 2.5 |