Not only was Castronova rejecting bitcoin as a gaming currency, he was condemning the unregulated virtual world to a gray, inflationary future of State-sanctioned centrally-managed currency roach motels.

FORBES: Virtual Currencies and Roach Motels

Bottom line for me is that buying into roach motels during periods of infestation does not mean all the bugs dutifully leave the building the second you commit capital.

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As I outlined in Virtual Currencies and Roach Motels, in-world economies are the perfect crucible for launching unrestricted currency competition and that competition will enable further opportunities for transporting virtual world earnings to real world value.

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