Venezuela’s paper currency is worthless, so its people seek virtual gold - Fantasy economics

in dlike •  5 years ago 

Shared From Dlike

Among many reasons, CORRUPTION, INCOMPETENCE and sanctions have devastated Venezuela’s oil industry, the main source of hard currency of country. But Venezuela’s economic crisis has encouraged the growth of another: the farming of virtual gold in the artificial worlds created by video games. 

Venezuelans spend hours on end playing massively multiplayer online role playing games to extract gold coins (the currency in RuneScape) or crystal ones (Tibia). They sell these for real money, via intermediary websites, to other gamers, who spend them on such virtual valuables as weapons, armour and magic potions.


Shared On DLIKE

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @angelmind! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You got a First Vote

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

@angelmind, it would have been really nice if you had penned your own thoughts in 40 words or more as per the dlike guidelines, instead of copying and pasting from the original article.

Well said, @tasty.buzz. Agreed fully.

@angelmind, I have delegated 15 steem to you to help you with authoring and curation. Hope you make full use of it. All the best.