I never thought I would see a day where a video game currency is worth more than actual currency. Such is the case in Venezuela. The Venezuelan bolivar has tanked so badly that the fake gold of Azeroth has more value in real life.
“Here’s how the math works out. 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 (10,152 x $20 = 203,040) By those calculations, World of Warcraft virtual gold would be worth 6.8 times as much as the bolivar.” (source Fortune Magazine)
You get all that? I sure as hell didn’t at first. Admittedly, I’m not a math guy. For it to finally click, it took me a good twenty minutes & a few pieces of scrap paper to write on. I can’t believe a video game actually has a tracking service for its gold value. It sounds bonkers to me. I guess it’s a good thing. Even though people might be wasting countless hours playing a game, at least they’re getting a lesson in trade. This entire situation is both hilarious and sad. Apparently, the bolivar also has black market rate which makes these figures look even worse too. I won’t get into that though.
As if things couldn’t get worse, the president of Venezuela decided not to support the bolivar anymore. Instead, “they are shifting over to the recently launched national cryptocurrency, the Petro.” Wow, just a wonderful idea! lol We all know how stable cryptocurrency is. Seriously, if my currency tanked this bad I would just change it to something fun, like seashells.
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Categories: I can't believe its in the News!