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So with the new Gachas...
Comments
Virtual items such as bit coin have no real value as they are not tied to/backed by normal assets the way actual money as such it is all based on trust.
A virtual item is only limited as long as the provider says it is. There is nothing legally binding about this and they could introduce them at any time.
As such gacha is really just the devil and the fiddle take it on at your risk and pay what you think is best or the devil gets your soul
Entice buyers of collectible items to either buy a lot to get what they're looking for or sell enough where the consumers eventually trade among themselves.
In the 20th Century, you had things like baseball cards and other trinkets. For familiar to gaming, in the previous decades there were things like Yu-Gi-Oh cards.
The gachapon system has been going on for more than a century and businesses have just converted the product virtually following to same sales aspects.
I would say most virtual items do not have a value pegged to it. But virtual gachapons in my opinion do have a value as it is an item/service that has a supply/demand market that produces consumer satisfaction as a final good/service/
Bitcoin and other virtual currencies on the other hand, have no final product that can be used for anything. It is virtual fiat money that can be manipulated by those willing to trade it.
A gachapon on the other hand, as a final good/service sold at the value it is listed, unlike physical gachapons cannot be resold in the real world under normal circumstances. Even if the item of the virtual gachapon is redistributed in a likely limited virtual world economy (an online game economy like Mabi) it no longer affects the real world economy, while a virtual currency can just be resold/redistributed for real world values.
I don't think gachas are the devil, but I think something like an exchangeable virtual currency is.
But it's pegged to things like interest rates and flow of goods/trade.