Anti-inflation action and consequences in virtual economy
When digital economy wants to succeed like real one it has to obey same economic rules and laws. If your system produces much more currency units than it spends you will get rapid inflation and value of your currency will drop. This is something previous owners of Entrecard never understood and that's why system was ill. When you run a contest and give away 75k+ units (in this case Entrecard credits) you can't expect value of credits to remain the same.
Lucky for the community, new owners came and with better management things are moving to the right direction. First anti-inflation action was introduced few weeks ago. Entrecard stopped giving credits to people receiving drop, only those who actually drop (click on widget) will be credited. This is great move, but it comes with consequences.
Some of the popular 'movements' are now absolute like 'U drop I follow'. This idea was established to allow people who drop regulary to gain extra credits. Memebers of 'U drop I follow' practicly said: if you drop on my widget you get one credits and I get one credit, then I will return the drop and we both get 2 credits each. With new anti-inflation action this doesn't work anymore, so 'U drop I follow' is pointless.
Other ideas like 'U drop I link' etc are also affected. Off course, if you wanted to pay respect to those coming to your blog without any thoughts about earning credits you will not be distracted by the action. I would like to see your comment on this one, thanks.
Some of the popular 'movements' are now absolute like 'U drop I follow'. This idea was established to allow people who drop regulary to gain extra credits. Memebers of 'U drop I follow' practicly said: if you drop on my widget you get one credits and I get one credit, then I will return the drop and we both get 2 credits each. With new anti-inflation action this doesn't work anymore, so 'U drop I follow' is pointless.
Other ideas like 'U drop I link' etc are also affected. Off course, if you wanted to pay respect to those coming to your blog without any thoughts about earning credits you will not be distracted by the action. I would like to see your comment on this one, thanks.
1 comments:
For me it's not about the credits, it's about making friends and getting the return visit.
A bit of high school maths is enough to show this won't make much difference to inflation.
There's a system which would give 1 credit each to the dropper and droppee, has no tax and zero inflation. Unfortunately Entrecard don't want to implement it.
Post a Comment