Iceland's Krona Worth More In MMORG EVE Online?

Iceland's real-world financial meltdown occurred when its banks engaged in highly speculative transactions. Last October, Iceland's currency - the króna - practically collapsed.

I was going to say "virtually collapsed" but as it turns out, the virtual form of the króna is just fine. In EVE Online, a massively multiplayer online roleplaying game created in Iceland, players flit across a universe of some eight thousand suns and associated planetary systems. Players can create value in many professions: mining, manufacturing, trade, exploration and combat.

I'll let blogger crisper tell the story:

The in-game currency of EVE Online is the ISK. That's right, the Icelandic króna. And where most multiplayer games have attempted to ban the translation of in-game assets to and from real-world money, EVE Online has not only permitted it but actively embraced it - so much so that daily speculation on world/game financial leverage is conducted openly on the official game web boards. As a result, the EVE Online ISK has remained fairly stable against virtually all the real currencies of the world for a few years now, fluctuating but not spiking, not crashing. There are people out there making an income, a real-life income, just handling the trades on the "floor".

All of which is to say: Iceland has collapsed so thoroughly that at this point, it's only economically viable export may very well be an internet spaceship game, and that internet spaceship game's króna is for all intents and purposes a more real and valid and valuable currency than the actual country's actual money.

In order to try to understand how it could be possible that Iceland's national currency seems to be worth more in an imaginary space pirate game, I thought I might compare the EVE online game with the actual Iceland. First, EVE online.


(EVE online game demo)

And here's what the actual Iceland looks like.


(Travelogue in actual Iceland)

Well, I guess it's a matter of personal taste. But I think I can see why more people want to spend money in EVE Online than in Iceland.

From crisper via futurismic.

Scroll down for more stories in the same category. (Story submitted 4/10/2009)

Follow this kind of news @Technovelgy.

| Email | RSS | Blog It | Stumble | del.icio.us | Digg | Reddit |

Would you like to contribute a story tip? It's easy:
Get the URL of the story, and the related sf author, and add it here.

Comment/Join discussion ( 4 )

Related News Stories - (" Culture ")

China Social Credit System Like State-Run Whuffie
'At least there was no mandatory Whuffie check on the monorail platform...' - Cory Doctorow, 2003.

Sex In Driverless Cars? Updated With Video!
'...admirable for petting.' - David H. Keller, 1935.

Xinhua AI Anchor Puts CGI Face To Automated News
'...a congeries of software agents.' - William Gibson, 1996.

Wirewax Watching You Watch, Adjusting Your Experience
'He adjusted the n, the r and b knobs, and hopefully anticipated a turn for the better...' - Philip K. Dick, 1964.

 

Google
  Web TechNovelgy.com   

Technovelgy (that's tech-novel-gee!) is devoted to the creative science inventions and ideas of sf authors. Look for the Invention Category that interests you, the Glossary, the Invention Timeline, or see what's New.

 

 

 

 

 

Current News

Unfurl The Future! Huawei Mate X versus Galaxy Fold
'A paper thin polycarbon screen unfurled silently from the top of the unit and immediately grew rigid.'

Amazon Echo And Google Home Should Have Morality Software
'The Dwoskin Morality Rating-Computer could 'spot the slightest tendency to deviation' from the social norm...'

China Building Robot Wives
'Want a life-companion, a pleasant one?'

China Social Credit System Like State-Run Whuffie
'At least there was no mandatory Whuffie check on the monorail platform...'

Project Soli Radar Gesture Chip Now FCC Approved
'He waved his hand and the circuit switched abruptly.'

Stan, Robot Valet, Will Drag Your Car Away
'He activated the grapple tracks. '

Jibo Home Robot Says Goodbye, Is Killswitched
'It resembles an oyster....'

Johns Hopkins Says Asteroid Deflection Will Be Difficult
'This obelisk is one huge deflector mechanism...'

Fabric Automatically Cools Or Insulates Based On Environment
'...a high-efficiency filter and heat-exchange system.'

Deepfakes From OpenAI GPT-2 Algorithm
'How can you compete with an IBM heavy-duty logomatic analogue?'

John Deere Self-Driving Tractor
'The huge plow... seemed to shake itself - and began to move back southward.'

North Focals Smart Glasses Provide Augmented Reality In Style
'The world ... is drenched in unfamiliar information all the way to the horizon.'

Tesla Driver Caught Napping Behind The Wheel
'Mary Risling settled back for a little nap...'

Hayabusa 2 To Begin Asteroid Mining
'We must dig down, and then doubtless we shall find the metal.'

Ionocraft Drone Powered By Electrohydrodynamic Thrust
'He saw one hiss by him as he rounded the corner, trailing a short whip antenna...'

Purdue Pharma Ready To Profit From OxyContin Use Or Addiction Recovery
'It may be organic damage. It may be permanent. Time'll tell, and only after you are off Substance D for a long while.'

More SF in the News Stories

More Beyond Technovelgy science news stories

Home | Glossary | Invention Timeline | Category | New | Contact Us | FAQ | Advertise |
Technovelgy.com - where science meets fiction™

Copyright© Technovelgy LLC; all rights reserved.