P2P Virtual Currency Exchange Launches

miller60 writes "In the wake of eBay's decision to halt auctions of virtual property, new companies are entering the market to fill the void, including one allowing gamers to trade game currency directly with one another rather than buying from IGE or other exchanges. The company, Sparter, says this eBay-like "peer-to-peer" approach will result in lower prices as sellers compete. It incorporates a reputation system and escrow for gold delivery. Sparter received venture funding from Bessemer Capital, signaling that VCs still see opportunity in the virtual economy, even if eBay doesn't."

Comments

Virtual money has more inherent value.

[Anonymous Coward]

The American dollar, or any other fiat currency, is just as intrinsically worthless as any virtual money.

Ever since the American dollar, and most other currencies, abandoned the gold standard, such money only has value because people believe it has value. If that belief in value were to shift elsewhere, say to the Euro or even to a common commodity such as cigarettes, most people wouldn't even want to wipe their asshole with Benjamins.

I would even think that these virtual currencies have more intrinsic value than the American dollar. At least these items are backed by in-game perks of some sort. That's more than can be said about the American dollar.

Trolling for points rating: 4

[GodInHell]

Any game with the X dollars/month pricing model is guaranteed to be tedious, boring, and unsuitable for anyone with a life or a clue. Heck even idiots should see through it. Which is perfect, since that means it keeps the 1/3 of kids that drop out of high school off the streets! :)

Tangential relation to topic absent actual linkage to the article.
Overbroad statement sure to atract attention from indignant games
Stupid kids joke
Generic - traditional companies == bad comment.

4 points.. not bad.

-GiH