Tag Archives: Virtual Currency

Stan Stalnaker talks about Ven and Bitcoin

Bitcoin blew up this week with some new attention from Calacanis and his team. Now in a guest post on TechCrunch, Stan Stalnaker of Hub Culture talks about the recent history of virtual currencies and in particular Ven and Bitcoin.

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Bitcoin is the most dangerous open-source project ever created

I made a quick mention of Bitcoin in a previous post but its back in the news as Jason Calacanis and the LAUNCH team post some updates on their show and then subsequent traffic from new stories. Bitcoins are a virtual currency stored on your computer or other device that can be exchanged between people as a form of payment.

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Facebook Credits

Facebook credits: global fiat currency

At some point I knew someone would figure out why GS was so interested in Facebook and why Facebook credits are the potential new coin of the realm. And so it goes, Ben Kunz writes, “Facebook, Your Future Bank: Forget sharing photos. Mark Zuckerberg may soon manage your finances.”

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Google buys a virtual currency company

Google has purchased virtual currency company Jambool. From the announcement by the Jambool founders: “Our vision is to build world-class products that help developers manage and monetize their virtual economies across the globe. When the opportunity arose to join forces with Google to execute against this vision, we couldn’t pass it up. We are thrilled […]

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Virtual Goods Summit coverage

Great coverage of the Virtual Goods Summit by 3pointD. From 3pointD:Virtual Goods and Entertainment “Panelists: Jim Greer of KongregateErik Bethke of GoPetsSean Ryan of Meez Charles: What motivates people to stay engaged, and how do virtual goods play into that? Ryan: For us it’s about self-expression. When our users spend 4-6 hours online, self-experssion as […]

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Susan’ Wu’s Virtual Goods Summit

Virtual goods equal real profit. From Susan’s blog: “Virtual goods and virtual currencies are growing beyond their traditional roots in online gaming and beginning to exert growing influence on the development of social networks, community sites, and casual games. This growing influence is due in large part to the fact that consumers have shown a […]

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Sparter: dollars for gold

Sparter, an virtual currency exchange company, goes live. From Techcrunch: “Sparter, a stealth startup founded by Bessemer Venture Partners, launched this evening. They are jumping into the middle of the estimated $1 billion market for buying and selling virtual currencies in games like World of Warcraft (WOW), EverQuest, Eve and others. The current spot price […]

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Anshe Chung launches inter-world financial market

Lot’s of financial news in the metaverses lately. And now, predictably, here comes a new service by virtual baroness, Anshe Chung. From 3pointd: “Virtual entrepreneur Anshe Chung will launch a virtual world-spanning financial market in early June, according to a news release on the Anshe Chung Studios site. The service will “allow direct capital flow […]

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Philip Rosedale on Virtual Economies

From B2.0s December cover story, a few words from Philip on the virtual economy of Second Life: “I have been in meetings with VCs who said, ‘I cannot buy into the idea that people will pay for virtual items.’ And they are wearing a Movado watch. I ask them, ‘Why did you pay $900 for […]

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Dell in Second Life

TechCrunch doesn’t have an update yet but there is this from the Direct2Dell blog. From the post: “Just a few minutes ago, Ro Parra, our senior vice president for Dell’s Home and Small Business division hosted a virtual press conference along with Founder and CEO of Linden Labs, Phillip Rosedale to kick off our presence […]

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