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Poll > Alternative Currency Backing > Fg Currently Tied To The Fate Of The Usd
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Feb 28 2012 04:18am
Quote (RUSSiABANK @ Feb 28 2012 12:09pm)
It's linked one-directionally, and technically that does make it "backed" in USD's.

And the interesting part is that d2jsp fg itself could actually become powerful as a currency if its backed in other things, in th event of a crisis.

It would be interesting, because it would be the first virtual currency that may actually be used for "real" things (if Paul so allows) based on general use, not just tech like in the RLT.

Like i said, lots of possibilities here. Could strengthen the community 10 fold. Who knows?

lol.


FG is backed by the level of interest the site community has in the things it is used for... that is a certain class of games, some betting and services.
That is the only factor that determines the real worth of fg.
To make fg worth more you have to expand the community using it and the range of services it is used for.

A generic and widely used virtual currency would be very valuable in it's own right. Fg doesn't come near the potential for three reasons:
1- The nucleus community that uses it is small and centered mostly around Diablo 2 fans. There is a much wider gaming community that could benefit from a generic virtual currency, this potential for a virtual currency covering a much larger segment of the entertainment world.
2- It doesn't trade freely. This is a big obstacle because this virtual currency should be able to rise and fall as the entertainment market that this currency is used for rises and falls.
3- Most games aren't designed with a convenient way to link their in game economies to outside economies.
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Feb 28 2012 04:22am
Quote (ZingerSupreme @ Feb 28 2012 02:18am)
FG is backed by the level of interest the site community has in the things it is used for... that is a certain class of games, some betting and services.
That is the only factor that determines the real worth of fg.
To make fg worth more you have to expand the community using it and the range of services it is used for.

A generic and widely used virtual currency would be very valuable in it's own right. Fg doesn't come near the potential for three reasons:
1- The nucleus community that uses it is small and centered mostly around Diablo 2 fans. There is a much wider gaming community that could benefit from a generic virtual currency, this potential for a virtual currency covering a much larger segment of the entertainment world.
2- It doesn't trade freely. This is a big obstacle because this virtual currency should be able to rise and fall as the entertainment market that this currency is used for rises and falls.
3- Most games aren't designed with a convenient way to link their in game economies to outside economies.


#3

well diablo 3 would do just that lol. But I'm well aware of your points. Obviously, all of those factors contribute to the strength of a currency.

But other factors do as well.
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Feb 28 2012 04:30am
Quote (RUSSiABANK @ Feb 28 2012 12:22pm)
well diablo 3 would do just that lol..


Diablo 3 is going in that direction but it's not enough by itself.
Exiting money from blizzard account will carry hefty fees, so it is kinda like fg in this respect but not totally one sided.
It seems designed to start an economy for blizzard gamers only.
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Feb 28 2012 04:31am
Quote (ZingerSupreme @ Feb 28 2012 02:30am)
Diablo 3 is going in that direction but it's not enough by itself.
Exiting money from blizzard account will carry hefty fees, so it is kinda like fg in this respect but not totally one sided.
It seems designed to start an economy for blizzard gamers only.


aka limited.
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Feb 28 2012 04:34am
No.

The rate does not need to be rethought or adjusted. You either pay the conversion rate offered by the site, or don't buy at all.
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Feb 28 2012 05:10am
you need to get it in your head that FG IS TOTALLY WORTHLESS !!!

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Feb 28 2012 05:15am
Quote (diablo_clone @ Feb 28 2012 03:10am)
you need to get it in your head that FG IS TOTALLY WORTHLESS !!!


Quote (bob(Cs2) @ Feb 28 2012 02:34am)
No.

The rate does not need to be rethought or adjusted. You either pay the conversion rate offered by the site, or don't buy at all.


Thanks for the non-argument backed opinions.

The first statement here is completely wrong as well. There is no argument about that.

I'd say that gaming usage, RLT, among other things and functionality makes it worth something.

This post was edited by RUSSiABANK on Feb 28 2012 05:16am
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Feb 28 2012 05:17am
Quote (RUSSiABANK @ 28 Feb 2012 11:15)
Thanks for the non-argument backed opinions.

The first statement here is completely wrong as well. There is no argument about that.

I'd say that gaming usage, RLT, among other things and functionality makes it worth something.


If NJaguar says "This currency has no monetary value" then thats IT.

There is NO ARGUEMENT against it - make your own site and own currency if you wann incorporate actual monetary value to it.

Njag says no -the answer is no.

http://forums.d2jsp.org/info.php?p=55

Read this

This post was edited by bob(Cs2) on Feb 28 2012 05:18am
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Feb 28 2012 05:19am
Quote (RUSSiABANK @ Feb 28 2012 10:15pm)
Thanks for the non-argument backed opinions.

The first statement here is completely wrong as well. There is no argument about that.

I'd say that gaming usage, RLT, among other things and functionality makes it worth something.


since you think FG is worth something, why dont you take your FG to the supermarket and buy your groceries !

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Feb 28 2012 07:34am
Fg is a pixel reward issued by site owner in exchange for donations to help run the site

The official rate of fg per $ donated as set by site owner has not changed in the 6 years I have been on this site.



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