Bits - The Unix and Linux Forums (Experimental) Virtual Currency

[candlejack]

Hello. I've searched the site but can't find a link to what the "Bits" and "bank account" is on my user profile. Can someone link me or briefly explain?

[jim mcnamara]

ITs vbCredits 1 bit = 1 vbCredit- a feature for vbulletin forums.

vBCredits - Ultimate Points System - vBulletin.org Forum.

[Neo]

Originally Posted by candlejack

Hello. I've searched the site but can't find a link to what the "Bits" and "bank account" is on my user profile. Can someone link me or briefly explain?

Bits are virtual currency for this site, similar to Linden dollars on Second Life and other virtual worlds (but far less developed at this time).

Your Bits increase by participating in the forums, for example by posting, creating a thread, voting on a poll, being a moderator or admin, etc. I will post the details on Bits crediting soon.

You can also get Bits from other forum members who give them to you, for example, if someone likes your reply they can give you Bits. You can give Bits to others for any reason.

You can can also spend your Bits on lottery tickets and try to win jackpots and gain more Bits.

In the future, can also spend your Bits on tangible goods and services on this site. For example, you should be able to pay Bits to the Central Bank to have infractions removed, or pay Bits for special other services. More on this later. This is an uncharted "new economy" so be creative. If you have questions, just ask, we will make up an answer if we don't have one :-)

For now, I encourge you to have fun with your Bits and give them to your friends for any reason you choose :-)

[joeyg]

Can the banking function be explained?
Why move checking <-> savings?

I am not familiar with this concept of points here.
Thanks.

[Neo]

Originally Posted by joeyg

Can the banking function be explained?
Why move checking <-> savings?

Savings accounts pay interest, current around 0.50% interest every 30 days, which is approximately 6% per year.

Checking accounts do not pay interest and are where you are paid (receive and send) Bits from system activity (posting, moderating, creating threads, voting on polls, etc.) and from Bits received/sent from/to other members.

[Neo]

Update: The Forum Bits Bank (FBB) has reclaimed all Bits from users who have not be active on the site for over today years. In addition, we have set these same users "can earn" status to false, if not active over the past two years.

We might change this period of inactivity policy to 1 year in the near future.

[mgessner]

When is the drawing supposed to take place? My system says it was supposed to take place on the 25th (26th Neo's time). There was no notification that the drawing had taken place. I still have a bunch of tickets and the date of the drawing hasn't changed.