Fake Gun Used to Steal Man?s Virtual Currency

  • Thread starter Greg Bernhardt
  • Start date
  • Tags
    Gun Virtual
In summary, two men met in the Fordham University library for a currency exchange of $3,300 for 4.7 billion RuneScape coins. When the deal seemed dubious, the seller wanted to back out, but the alleged buyer compelled him to continue. This conversation led to a discussion about gold farming, a practice in which people in developing countries play online games to acquire in-game currency that can be sold to wealthy players in developed countries. This has become a lucrative industry, with an estimated global market value of $3 billion annually in 2009.
  • #1
19,442
10,021
Two men recently met in the Fordham University library for a simple currency exchange: $3,300 for 4.7 billion RuneScape coins. *When the deal looked shady, the seller of the coins wanted to back out. *That’s when the alleged buyer pulled … Continue reading →http://stats.wordpress.com/b.gif?host=virtualnavigator.wordpress.com&blog=11498882&post=1002&subd=virtualnavigator&ref=&feed=1

Read More...
 
Physics news on Phys.org
  • #2
I don't play any of the online games nor any other games but that is a really interesting read. I wonder how these online worlds will evolve.
 
  • #3
Looks like I found a use for my old desktop - do you think a virtual criminal could escape from my Windows 2000 dial up fortress?
 
  • #4
Wow!
 
  • #5
Ever heard of gold farming?
Gold farming is playing a massively multiplayer online game to acquire in-game currency that other players purchase in exchange for real-world money. People in China and in other developing nations have held full-time employment as gold farmers.

While most game operators expressly ban the practice of selling in-game currency for real-world cash, gold farming is lucrative because it takes advantage of economic inequality and the fact that much time is needed to earn in-game currency. Rich, developed country players, wishing to save many hours of playing time, may be willing to pay substantial sums to the developing country gold farmers.

In 2009 the global market for gold farming was valued at around $3 billion annually
There are a lot of worrying accounts of sweat shops in the third world full of poor kids who are made to play games all day long for minimal money just so crooks can sell this stuff to bored rich first world gamers.
 
Last edited:

1. What is a fake gun and how was it used in this theft?

A fake gun is a replica or imitation of a real firearm that is not capable of firing live ammunition. In this theft, the perpetrator used the fake gun to threaten the victim and steal their virtual currency.

2. What is virtual currency and how does it differ from traditional currency?

Virtual currency is a type of digital or electronic currency that is used in online transactions. It is not physical, like traditional currency, and is not issued or regulated by a government or central bank.

3. How was the virtual currency stolen using a fake gun?

The perpetrator used the fake gun to intimidate the victim and force them to transfer their virtual currency to their account. This type of theft is often referred to as a virtual robbery.

4. Can the perpetrator be charged with armed robbery even though the gun was fake?

Yes, even though the gun was fake, the perpetrator can still be charged with armed robbery as they used the fake gun to threaten and intimidate the victim in order to steal their virtual currency. The use of a fake gun does not lessen the seriousness of the crime.

5. Is virtual currency theft a common occurrence?

Virtual currency theft is becoming more common as the use of virtual currencies increases. It is important for individuals to take precautions to protect their virtual currency and be aware of potential scams and thefts.

Similar threads

Replies
7
Views
4K
Replies
4
Views
3K
  • General Discussion
Replies
4
Views
4K
  • General Discussion
Replies
4
Views
4K
Replies
8
Views
5K
  • General Discussion
Replies
4
Views
4K
  • General Discussion
Replies
7
Views
5K
Replies
4
Views
5K
  • General Discussion
Replies
2
Views
3K
  • General Discussion
Replies
4
Views
4K
Back
Top