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Reader Comments (Page 1 of 1)
8-01-2011 @ 2:06PM
Bered said...
That wasn't really the point of the comment. So you can sell something for real money and have it deposited? Suddenly, such things as money laundering laws could easily be an issue.
Matt touched on this sort of issue with the following paragraph:
"There are strict auction rules out there that vary from state to state, as well as income reporting and other rudimentary documentation that has to go on. Is my Diablo 3 income taxed? If I sell enough Stones of Jordan, will I be bumped up to another tax bracket? Suffice to say, there are many implications that a Diablo 3 cash auction house could potentially bring, but as an evolution of the way players interact with their virtual goods, it's a milestone."
So, would my transactions be tracked to try to prevent money laundering? Suddenly, with transactions being tracked by the Feds, what's to stop the IRS from coming pounding at my door about me forgetting to file income over it? There's a lot of things that can make this into a horrible development, initially at least.
Then again, it might put things into perspective with items. If this were to be implemented in WOW, would being able to sell a BOE for a hundred bucks make a big difference in how you'd view it? I've never done so, and don't really have any plans on doing so, but for the purposes of writing this, I checked the prices on some of the black market sites for selling BOEs. The normal 378 BOEs are going for about $130. So, as at those prices, the BOEs must be selling enough to pay for the bandwidth of the site and a wage of some sorts for those who farm such things. So, if I get together with 10/25 of my friends, and go farm a few of the easier bosses in Firelands, it wouldn't be unreasonable to be walking away with a few hundred bucks worth of BOEs. There are so many implications of that sort of things.