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But the more intriguing part came subsequent: After filing with the IRS, he tried to seek out out from varied IRS employees if he was supposed to say his castles and kg gold price in euro today gold and other on-line belongings that he hadn't converted to actual-world dollars -- items that had never left the digital world of "Ultima Online." Among the IRS representatives discovered the query amusing; others gave it serious thought and couldn't provide Dibbell a definite response. When players began selling their virtual armor and horses and castles for real-world cash, they established an exchange price. All of it started in 2001 when economist Edward Castronova revealed an evaluation of the burgeoning virtual economy of on-line game worlds, which he calculated to have a gross home product of about $135 million. Where does the virtual economic system meet the real-world one? The difficulty of taxing virtual belongings is a complicated one, but the primary point of justification provided by many economists, even if they're solely speaking "in idea," is the fact that these virtual assets have an established real-world worth. And players with a theoretical treasure trove of online assets aren't chuckling anymore.
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