Could Facebook Credits Work As A Real-World Currency?
The Purple List, PSFK's network of experts, considers the future of virtual currency.
At PSFK we've been very interested in recent financial developments, especially in conjunction with social and mobile tech. So, we decided to ask our global network of experts for thoughts on the subject. Here's what we were wondering: What is the potential viability of Facebook Credits as a real-world currency? Want to join the conversation on twitter? Route your thoughts to @PSFK with hashtag: #psfkQ.
Here are a few highlights from our experts:
An interesting model to look at is the Linden dollar, the currency used by Second Life. We know that in real life, demand for a currency is based on a number of factors – from interest rates to the level of economic growth.