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Friday, May 05, 2006

Your Project Entropia Withdrawl Limit is...

From TerraNova - I think this is fascinating!

By now, everyone has probably read the gushing news stories: Project Entropia’s developer, MindArk, has introduced a bank card that allows cardholders to treat their “virtual currency” from Project Entropia “just like real money” and withdraw it from a cash machine. The BBC, the New York Times, ABC News, and any number of other mainstream media sources have run stories on this. They boggle at this miracle and explain how,

[t]he new cash card blurs the boundary between the virtual and physical world even

This is the kind of story that we love here at Terra Nova, since it involves nifty issues about virtual worlds, the social fiction of money, and all sorts of other interesting questions. But I don’t love this story. I think it’s basically bogus. In fact it’s worse than that. This story has finally convinced me that MindArk is fantastic at generating public relations stories that credulous media sources pick up without questioning, but which, if investigated for even a moment, make you shake your head in wonder.

Continue reading "Project Entropia"


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