Bitcoin and Azeroth Money – WoW Gold as Digital Currency

Money makes the world go round. In our world, it’s the Almighty Dollar. In World of WarCraft, it’s gold.Other than those two, there’s cryptocurrency, a kind of digital “real-life” money that is not issued by a government. As such, it is mined.Going back to WoW gold and US dollars, sometimes the latter is used to buy the former through indirect means, and sometimes it’s vice versa. But what if we could use WoW gold in a more direct manner, as in real life?
How? Well, as a digital currency that can be used in real life.

Gone Digital Since Day 1

Before we count WoW Gold as digital currency, let us first determine what makes it different from cryptocurrencies. To do that, we have to look at the definition of cryptocurrency,“a digital currency that uses encryption techniques to regulate generation and confirm fund transfer.”
We also have to look at the definition of encryption, which, according to Wikipedia, is a process wherein a message or information is encoded to ensure that only the authorized parties can access it and those unauthorized cannot.
It’s pretty obvious that WoW gold doesn’t fall under any of those definitions. Nevertheless, the question remains: why not use it as a digital currency at all?

No Names Needed

Technically, WoW gold is already considered as a digital currency; it’s just that it can’t be used for any real-life purposes—unless it’s converted to US dollars beforehand. That, however, isn’t exactly a difficult process, especially if you’re already into buying and selling WoW. But if you need liquid cash, especially for your daily expenses, this isn’t exactly a viable means of getting money.
However,if you’re on the WoW gold trading business, this is actually a good way to earn real-life money. Some would even say that it’s even better than cryptocurrencies like Bitcoin and Etherium.
One solid reason would be the fact that it doesn’t require heavy authentication measures before exchanges. If you directly trade Wow gold for money with a particular player and vice versa, neither one of you is going to ask for the other’s name, address, birthday, etc.
On the other hand, if you’ll be trading through a player-to-player trading platform, you’ll have to give your personal details to the site in question. It can be risky to give, especially to those of ill repute. But in the hands of safe ones, you can be assured that there isn’t going to be any danger involved whatsoever.

Not Even the US Government Knows

Another good thing about WoW gold is that unlike cryptocurrencies, it can be generated infinitely without problems. As long as WoW’s servers are up, there will always be WoW gold in circulation, which in turn means you can make money from it anytime.
Lastly, WoW gold is not regulated by any government. Compared to cryptocurrencies, which have been put in the spotlight lately, not even the United States’ Internal Revenue Services pays attention to WoW gold trading. At most, it’s Blizzard who is hot on traders’ heels, but they’re hardly a powerful and semi-omniscient agency.
Why? Because compared to crypto, the amount people make thru trading in-games
assets hasn’t blown up yet. This is despite the fact that this has been going on for at least a decade now. That’s just how it is with the government; they won’t notice you’re making money through unconventional means until you’re making hundreds of thousands. And that’sa good thing!
At the end of the day, money made from WoW gold is child’s play compared to cryptocurrency. Plus, it can’t be exchanged for Dollars all that easily. Nevertheless, it’s a good way of making a little bit of dough while enjoying Azeroth at the same time.

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Tags: Bitcoin, digital gold, cryptocurrency, crypto

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Sponsored post, Ultragamerz has no responsibility on claims made in any sponsored articles, published as a non news content with commercial purposes.

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Metadescription:
A few years ago, Bitcoin – and of course, cryptocurrency – exploded into the mainstream. But what about WoW gold? Should the same have happened to it?

Mohsen Daemi
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