ACSD '05 Proceedings of the Fifth International Conference on Application of Concurrency to System Design
Inter-enterprise business document exchange
ICEC '06 Proceedings of the 8th international conference on Electronic commerce: The new e-commerce: innovations for conquering current barriers, obstacles and limitations to conducting successful business on the internet
Human-Currency Interaction: learning from virtual currency use in China
Proceedings of the SIGCHI Conference on Human Factors in Computing Systems
Cheat-prevention and -analysis in online virtual worlds
Proceedings of the 1st international conference on Forensic applications and techniques in telecommunications, information, and multimedia and workshop
Managing virtual money for satisfaction and scale up in P2P systems
DaMaP '08 Proceedings of the 2008 international workshop on Data management in peer-to-peer systems
Virtual Money Systems: A Phenomenal Analysis
CECANDEEE '08 Proceedings of the 2008 10th IEEE Conference on E-Commerce Technology and the Fifth IEEE Conference on Enterprise Computing, E-Commerce and E-Services
The Analysis of Virtual Money Demand under One-Way Exchange Mechanism
ETCS '09 Proceedings of the 2009 First International Workshop on Education Technology and Computer Science - Volume 01
Virtual Wealth Realization in Virtual and Real Worlds
ICEBE '09 Proceedings of the 2009 IEEE International Conference on e-Business Engineering
Measuring virtual wealth in virtual worlds
Information Technology and Management
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This article presents pioneering research on virtual money exchange (VMX) to protect the wealth generated in virtual worlds. This goal is realized by designing and implementing a VMX system through which virtual money exchange rates between virtual worlds are generated based on a redistribution strategy. Moreover, this strategy aims to re-value the total intrinsic value and the total exchangeable value of virtual currencies at a series of Pareto exchange points. We have designed, implemented, proved and extended a novel VMX exchange rate algorithm (VERA) algorithm, which implements the redistribution strategy. In order to observe the behavior of virtual money exchange rate generations, we built a VMX simulator to simulate various cases of virtual money exchange. Experiments on our VMX simulator show that minimum acceptable virtual exchange rates set by exchange requestors have a great impact on the success or failure of a virtual money exchange. This suggests the need for further research to reconcile the contradiction between presenting fair virtual currency exchange rates and achieving low fluctuations of virtual currency exchange rates. Finally, this research contributes to a better understanding of many aspects relating to virtual money, virtual currency exchange and virtual wealth protection. These are important for the future design and implementation of integrated virtual worlds.