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Aloriate
Amarr Big Buck Bunny Interstellar Solo Society Carpe-Diem
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Posted - 2010.01.27 20:29:00 -
[1]
According to this article, Korea has set a precedent that in-game money is as good as real cash.
Quote: South Korea has decided that virtual currency is the equivalent of real-world money bringing to light some very real ramifications for users not just in Korea but in other countries as well.
The ruling allowing "cyber money" is the first in Korea and was based on the acquittal of two gamers indicted on charges of illegally making money by selling goods earned in the game Lineage.
Remember the big EVE Bank embezzlement scam? If it had occurred in Korea, the scammer could have gone to jail.
Kinda makes you wonder where all of this is headed.
Korea rules virtual currency as good as cash
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Abrazzar
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Posted - 2010.01.27 20:33:00 -
[2]
All ISK is owned by CCP and never changes ownership. Ever. This ruling is completely meaningless for EVE. --------
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Alexeph Stoekai
Stoekai Corp
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Posted - 2010.01.27 21:02:00 -
[3]
Originally by: Abrazzar All ISK is owned by CCP and never changes ownership. Ever. This ruling is completely meaningless for EVE.
Fun to see that someone else took the time to read the EULA. -----
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Duncan MacPherson
Minmatar Avatars of Ore TransWarp Ventures
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Posted - 2010.01.27 21:04:00 -
[4]
Originally by: Abrazzar All ISK is owned by CCP and never changes ownership. Ever. This ruling is completely meaningless for EVE.
You spend hours and hours mining veld and the man just comes in and takes your ISK.
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Navtiqes
Space Sheriff
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Posted - 2010.01.27 21:05:00 -
[5]
Edited by: Navtiqes on 27/01/2010 21:06:08
Quote: South Korea has decided that virtual currency is the equivalent of real-world money bringing to light some very real ramifications for users not just in Korea but in other countries as well.
The ruling allowing "cyber money" is the first in Korea and was based on the acquittal of two gamers indicted on charges of illegally making money by selling goods earned in the game Lineage.
Originally by: CCP This is certainly not going to be abused in any way.
By the way, what happens if two guys in South Korea plays Mario Wii and one guy jumps ahead of the other and takes his coins? |
Usagi Tsukino
Stimulus Rote Kapelle
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Posted - 2010.01.27 21:16:00 -
[6]
Law would supersede the EULA. In the United States, the enforceability of EULAs is still in question.
It's irrelevant in this case anyway, since CCP is an Icelandic corporation and this case happened in South Korea. South Korean laws are not enforceable in Iceland (or if you want to even go by server location, England). ---
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Dretzle Omega
Caldari Caldari Navy Volunteer Task Force
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Posted - 2010.01.27 21:21:00 -
[7]
Hmm... As a programmer, I will make a half-baked game with currency, then create as much of it as I'd like. As the governor of this particular type of currency it's well within my right. Then I will convert it to real cash.
Of course at first I have to keep the currency limited to establish its value.
Originally by: Akita T BTW, if you see God when you're clutching for your chest due to sudden realization you have no chance to get out of this with your wallet intact tell him he still owes me money
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Cory Sopapilla
Minmatar Kiroshi Group
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Posted - 2010.01.27 21:36:00 -
[8]
I bid 2 billion ISK for the whole country.
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Bodrul
Caldari Polaris Rising Black Star Alliance
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Posted - 2010.01.27 21:42:00 -
[9]
Originally by: Usagi Tsukino Law would supersede the EULA. In the United States, the enforceability of EULAs is still in question.
It's irrelevant in this case anyway, since CCP is an Icelandic corporation and this case happened in South Korea. South Korean laws are not enforceable in Iceland (or if you want to even go by server location, England).
Unless of course CCP operate in south Korea aswell which would mean they would also have to obey the laws of the country or stop operating there.
well im not 100% sure on this
........
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Marcus Druallis
Quantum Industries Prime Orbital Systems
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Posted - 2010.01.27 22:35:00 -
[10]
Cartman was right... --
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Abrazzar
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Posted - 2010.01.27 22:42:00 -
[11]
Originally by: Usagi Tsukino Law would supersede the EULA. In the United States, the enforceability of EULAs is still in question.
It's irrelevant in this case anyway, since CCP is an Icelandic corporation and this case happened in South Korea. South Korean laws are not enforceable in Iceland (or if you want to even go by server location, England).
Did you even read the link you were providing? This 'uncertainty' does not apply to EVE as it is not possible to create an account and therefore pay for the offered service without having agreed to the EULA beforehand. The 'uncertainty' is for EULAs that are applied until after you have already paid for the product/service.
EVE's EULA is solid in this regard. --------
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Aloriate
Amarr Big Buck Bunny Interstellar Solo Society Carpe-Diem
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Posted - 2010.01.28 01:46:00 -
[12]
Originally by: Abrazzar
Originally by: Usagi Tsukino Law would supersede the EULA. In the United States, the enforceability of EULAs is still in question.
It's irrelevant in this case anyway, since CCP is an Icelandic corporation and this case happened in South Korea. South Korean laws are not enforceable in Iceland (or if you want to even go by server location, England).
Did you even read the link you were providing? This 'uncertainty' does not apply to EVE as it is not possible to create an account and therefore pay for the offered service without having agreed to the EULA beforehand. The 'uncertainty' is for EULAs that are applied until after you have already paid for the product/service.
EVE's EULA is solid in this regard.
Yes I did read it and no, EVE's EULA would not superceed the law of the land, whether it is in South Korea, Iceland or the U.S. Just look at the battle between China and Google at the moment. The only recourse CCP would have would be to stop providing service in that country. A nation's government can place value on any service or product and then charge taxes on the funds exchanged. IMHO that's where all of this is leading. It's not really about the legality of who owns the product. Just look how Americans have been ****d over the years just over b.s. like this.
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Zartanic
Red Federation
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Posted - 2010.01.28 02:07:00 -
[13]
Edited by: Zartanic on 28/01/2010 02:11:27
Yes, it's so they can tax it, same as the motives behind China's bot laws recently (they then set a voluntary tax which will be involuntary soon enough) The EU will be next, they won't be able to resist. Many years ago it was stated that there needs to be a form of tax based on data volumes. This is just a way of doing that.
This is nothing to do with controlling or trying to stop bots, hacking, cheating, RMT or anything else we associate with affecting gameplay. Gameplay is the last thing they have any interest in. They also do not give a stuff about any EULA. That's a commercial matter which any country can override if they want.
Governments know they are years behind the internet and always will be as legislation, outside China, is painfully slow and often technically inept. In theory it would be quite possible to conduct all transactions in virtual money and then settle the difference occasionally. The effect if that is tax would be settled on the difference, not the gross amount. Companies have legally being doing this for years as currency swaps, derivatives, and all sorts of methods. It's not new but online currency is just the latest. Unless Governments get to grips with this they are scared they will see tax revenues plummet.
This court ruling is a simple step in that direction and it's expected, especially in Asia where on line gaming is a substantial part of their economy.
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Cawfield
Rogue Elements.
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Posted - 2010.01.28 03:01:00 -
[14]
I wonder if I can just start printing ISK now and use it at the local kimbop shop. It sure beats the hell out of working for a living.
Anyone care to guess the ISK to Won conversion?
검사함니다 Korea!
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Intense Thinker
Minmatar
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Posted - 2010.01.28 03:10:00 -
[15]
Edited by: Intense Thinker on 28/01/2010 03:10:32 I demand a dollar for every isk I have!
*Edit: And by that I mean I want to trade my isk for an equal amount of monies!
Originally by: a51 duke1406 The girls just dont understand that sunday is pvp night, not cuddle on the couch watching tv night.
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Wendat Huron
Stellar Solutions
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Posted - 2010.01.28 03:30:00 -
[16]
Let me get this straight;
Become GM Spawn insane amount of ingame currency Set oneself up to be scammed by korean Sue said korean in court for insane amount of real money Retire as a GM
Delenda est achura. |
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CCP Applebabe
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Posted - 2010.01.28 04:03:00 -
[17]
Please continue the discussion in OOPE channel.
Applebabe Community Representative CCP Hf, EVE Online Contact us |
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