A = B, B = C, therefore A = C is not a mathematical formula that I’m trying to use, mate. To further my explanation, I’ll use the following:
A = Sky
B = Blue
C = Ocean
The Sky is Blue. The Ocean is Blue. Therefore the Sky is the Ocean.Nerelith’s fallacy is that he’s saying that Dr. Castronova believes the above to be true. It’s far from it. The real problem here is that Nerelith doesn’t understand the purpose of Dr. Castronova’s paper. He sees a smart man saying things, and misapplies them to something completely different. I could quote Einstein’s theory of relativity, but that does nothing to help my uncle reconnect with my aunt.
dodgycookies brought up a good point, that ties into my previous argument. Time does not equal Money, unless you can tie a money making opportunity to it. If I sit on the toilet for 8 hours while I’m at work, indeed those 8 hours were the monetary equivalent of my salary. But if I did that at home, those hours spent on the toilet at home is worth nothing.
These are not opinions, but hard facts. Converting Gold to Gems is free, at the cost of your Time (which as no monetary value).
Game. Set. Match.
the sky isnt blue
a proper understanding of the relationship would be
skys color is blue
oceans color is blue
oceans color is equal to skys color.but even by your own understanding/relationships
your time is money, anet has figured out how to convert your time to money.
every time you sell your gems, the time money transference machine activates, and anet has turned your ingame time to real hard, usable money. This is not really a new conversion, it was known to exist since people were selling items on the net in EQ and ultima online.you gold->gem sellers are basically just gold sellers who work for anet, and all the time you spend is money for anet.
anet is the one who has figured out how to monetize your time playing the game, and in doing so they have cemented the time/money relationship.
yes even things you do for free, or dont realize have value, can have value. and in a monetary system that is doing its job, anything of value can be represented by money (though they do not always achieve this)
My time is worth money to Anet, because I actually buy Gems again and again. Anet makes no money if a player exchanges in game Gold for Gems.
As for time having monetary value, that can happen in the course of working a paying job. But in the sense of playing GW2 and converting Gold into Gems, that exchange is still free since you didn’t pay for it.
If you dont think people who create a good you can sell to other people arent making you money, i dont know what to tell you.
Anet makes money when you sell your gold, because they sell it to other players. If you did not create this gold, they could not sell it to other players.
I am a candy salesman, i find out there is demand for kids paintings. If i have kids making kid paintings, i sell for 5 dollars each, and i pay them in candy, their time, is my money. The more kids i have the more product i have to sell.
These kids time has a monetary value to me, i make money off of them.I can now make money off of people who have no interest in candy, but do have interest in kids paintings. Those kids time, is money to me.
this is similar to the relationship of gold/gems gold ->gem sellers.
The Gem Exchange makes no money for Anet. It’s a convenience that allows us to access virtual currencies for either Gold -> Gems or Gems -> Gold. The money comes from players like me who actually purchase Gems with my creditcard or store bought Gem cards.
As as for your example, that doesn’t apply to this issue. You’re describing a situation where the children’s time now has a monetary value, because the paintings were made during the course of employment. So the paintings were not “free” for you. This actually ties into my arguments made previously.
Again, I’ll repeat this fact – exchanging Gold for Gems is free.
exchanging gem for gold is free, is irrelevant, just like exchanging candy for paintings is free is irrelevant to the fact that the kids time has a monetary value, because i am selling their paintings.
Anet is selling their gold, the moment they trade their gold for gems, they have entered an employment situation with anet. Anet will now take their gold, and sell it to a player who had little to no interest in the other cash shop items at that point.
they are the workers who create the product that anet can sell, therefore their work has a monetary value. to the tune of 15 cents per gold traded, thats what anet makes in real money right now, when someone buys gems to turn to gold.