I think Ko4life should keep track of the usd/igc currency for each server. this currency can be measured by scroll prices or GB prices.
the evaluation of the currency should be determined by experienced players who are familiar with the market (market moderators preferably).
the data can be shown in graphs, which will be updated daily/weekly/monthly or w/e is best.
here is a nice way, Apocalyps2 offered:
i think ko's economy is stable enough (over 1 million players) for economical data gathering (although dupe methods/coin wipes/major patches can create sudden changes) .ok i made some changes, the prices of scrolls hp or ac are 144 kc a piece ( not 170 as i said before )
on the akara market they sell between the 12 and the 15 mil
taking 13.5mill as avarage price i get this formula
3200 knight cash is $40
needing the price of 1 kc would result in 40/3200=0.0125
so 1kc is 0.0125$
0.0125*144=$1.8
1.8/13.5=0.1333
0.13*100=13.33
so 100gb would be $13,33 this is the avarage ammount 100gb should cost in usd based on scroll prices
this price is also very close from what ive found on the akara market section
there u can buy gbs for inbetween 12 and 15$[/b]
this information can benefit players who want to keep track of the economy, and also for "investors" who want to apply the "buy low sell high" method here.
also it is beneficial for virtual economics research (existing in wow, secondlife, and more mmorpg's).
what do you think about this?
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here are some scientific articles about virtual economies and virtual currencies found on google scholar
(social science research network):
An Analysis of Virtual Currencies in Online Games
http://papers.ssrn.com/sol3/papers.c...ract_id=544422
On Virtual Economies
http://papers.ssrn.com/sol3/papers.c...ract_id=338500
Real Money Trade Model in Virtual Economies
http://papers.ssrn.com/sol3/papers.c...ract_id=958286
over time we may gather enough data to help academic research in this field.
here is a citation just to get you guys (and girls) interested:
"The most interesting real estate transaction has been executed after a several months long auctioning process in December 15, 2004, a sale of a whole island at a rather incongruent price of 26,500 USD, BBC reports. The peculiar part of the deal is the location of the island..."
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