Virtual currency harms the real world
China’s social media landscape is constantly growing, innovating and evolving. Before my internship I had never heard of QQ. This is a virtual network which you can compare with Facebook, only in China there are more then 340 millions user then Facebook worldwide. In this network I can earn QQ-coins, a kind of virtual money was initially designed to allow me to buy digital commodities, such as virtual flowers, but has taken on a real market value. The use of the coin took off, and then something very strange happened: online vendors started accepting the virtual currency in exchange for real world items. Due to the scale of the entire operation, the result would be actual inflation.
