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


 
Thread Tools Search this Thread
Contact Us Post Here to Contact Site Administrators and Moderators Bits - The Unix and Linux Forums (Experimental) Virtual Currency
# 1  
Old 05-20-2009
Bits - The Unix and Linux Forums (Experimental) Virtual Currency

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?
# 2  
Old 05-21-2009
ITs www.unix.com 1 bit = 1 vbCredit- a feature for vbulletin forums.

www.unix.com - Ultimate Points System - vBulletin.org Forum.
These 3 Users Gave Thanks to jim mcnamara For This Post:
# 3  
Old 05-21-2009
Quote:
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 :-)
These 3 Users Gave Thanks to Neo For This Post:
# 4  
Old 05-21-2009
Question The bank function

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

I am not familiar with this concept of points here.
Thanks.
# 5  
Old 05-21-2009
Quote:
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.
# 6  
Old 05-22-2009
Here is an idea: collective funding a pot for a charitable cause. For this to be set up it is best to list 10 charitable causes (regulated of course) and for which users can give their bits and have these sponsored through the real economy.
# 7  
Old 05-22-2009
Quote:
Originally Posted by figaro
Here is an idea: collective funding a pot for a charitable cause. For this to be set up it is best to list 10 charitable causes (regulated of course) and for which users can give their bits and have these sponsored through the real economy.
Hi figaro,

That is a good idea.

We are not yet ready for the "real economy" as the system need to mature. There is no basis to provide value between Bits and real currency at this time and would need considerable more work and participation to establish the Bit as a cyber currency.

We only released the Bit as a virtual currency a few days ago Smilie
These 4 Users Gave Thanks to Neo For This Post:
Login or Register to Ask a Question

Previous Thread | Next Thread

6 More Discussions You Might Find Interesting

1. What is on Your Mind?

YouTube: Forum Moderation @UNIX.com | The UNIX and Linux Forums

Forum Moderation @UNIX.com | The UNIX and Linux Forums https://youtu.be/WGwgibE4Rq0 Also note: In the video I mentioned removing legacy menu items in the ModCP which are unused. I have already "CSS'ed out" the unused menu items: ... (0 Replies)
Discussion started by: Neo
0 Replies

2. Post Here to Contact Site Administrators and Moderators

VIP Membership - The UNIX and Linux Forums - Get Your UNIX.COM Email Address Here

We work hard to make The UNIX and Linux Forums one of the best UNIX and Linux knowledge sources on the net. The site is certainly one of the top UNIX and Linux Q&A sites on the web. In order to provide certain members the best quality account services, you can now get some great extra features by... (2 Replies)
Discussion started by: Neo
2 Replies

3. How to Post in the The UNIX and Linux Forums

How to Navigate in UNIX & Linux Forums..?

Hi , i am a new user to this forum can anyone please help me in navigation for this forum. also when i am trying to open any thread i am getting below error. Bad Request Your browser sent a request that this server could not understand.] Thanks. (1 Reply)
Discussion started by: nkchand
1 Replies

4. Post Here to Contact Site Administrators and Moderators

How to Advertise on The Unix and Linux Forums

We added a new way to advertise (to guests and non-registered users) directly on the forums: Advertise directly with The UNIX and Linux Forums https://www.unix.com/members/1-albums112-picture605.png Companies and individuals can buy display ads directly and submit their display ads... (0 Replies)
Discussion started by: Neo
0 Replies

5. What is on Your Mind?

Experimental New UNIX / Linux Project Board (See Toolbar)

We are experimenting with a new project board to help forum members make extra cash; because we have some very talented members, why not make some extra cash working from your computer. See toolbar at bottom of page. Any ideas or comments? ... (0 Replies)
Discussion started by: Neo
0 Replies

6. What is on Your Mind?

The UNIX and Linux Forums Twitter Channel

In case you did not know about this, and are a twitter user, here is the link to the forum twitter channel: http://twitter.com/unixlinux We currently have 406 followers...... (0 Replies)
Discussion started by: Neo
0 Replies
Login or Register to Ask a Question

Featured Tech Videos