“The currency in the online role-playing game World of Warcraft is now worth more than Venezuela’s bolivar…
Here’s the math behind the currency value:
Per Google, one U.S. dollar is worth 68,915 bolivar.
Compare that to the price of WoW tokens, official in-game credits that can be used to extend a player’s play time or buy in-game items. Tokens can be bought with either $20 real world cash or sold for a fluctuating amount of in-game gold. One tracking service lists the current gold price of a token as 203,035 pieces. That works out to about 10,152 gold gaming pieces per USD.
By those calculations, World of Warcraft virtual gold would be worth 6.8 times as much as the bolivar…
…A big shoutout to Forbes for doing the heavy lifting on the math. But it doesn’t change the fact Venezuela seems to have dug themselves into a pit that they won’t get out of with more regulations and market controls… ”
Socialism sucks. Even a child’s plaything in a capitalist society is worth more than government programs, regulations, and even currencies.