Can I sell back my KCs ?

Discussion and support for the Kitely Market
User avatar
Constance Peregrine
Posts: 2348
Joined: Sun Dec 23, 2012 11:35 am
Has thanked: 2778 times
Been thanked: 1479 times

Re: Can I sell back my KCs ?

Post by Constance Peregrine »

oopsee joseppe wrote:curious...will there be a time when kc's are exchanged for rl currency? Don't really care just curious if this might be something on the back burner? Or possibly using a third party exchanger like "inbiz" where kitely bucks could be redeemable then exchanged for rl currency?
Just a little fyi, I have done some small amount of reading someplace saying that such things that inbiz does in that regard may have to change due to all the new focus on VR currencies going around lately.

I kinda suspect that Kitely is on the forefront in how they perceive this to go.
Laissez faire et laissez passer, le monde va de lui même!
My little sounds store https://www.kitely.com/market?store=2040306

Ephemeral wanderer...
User avatar
Dot Matrix
Posts: 1625
Joined: Sun Jul 28, 2013 3:26 am
Has thanked: 1208 times
Been thanked: 2324 times

Re: Can I sell back my KCs ?

Post by Dot Matrix »

The response has always been that KCs will never be convertible.
User avatar
Ilan Tochner
Posts: 6503
Joined: Sun Dec 23, 2012 8:44 am
Has thanked: 4942 times
Been thanked: 4454 times
Contact:

Re: Can I sell back my KCs ?

Post by Ilan Tochner »

Hi Carlos,

It shouldn't be a problem for a competent developer to create a script that updates the world state when receiving a region restarted event, so rental systems can be created.
User avatar
Ilan Tochner
Posts: 6503
Joined: Sun Dec 23, 2012 8:44 am
Has thanked: 4942 times
Been thanked: 4454 times
Contact:

Re: Can I sell back my KCs ?

Post by Ilan Tochner »

Hi oopsee,

Kitely Credits are, and unless US regulations change, will remain a non-convertible virtual currency. It's technically easy to change that but, due to the legal burdens created by FinCEN guidelines, it would become prohibitively expensive for us to do so.

Your assumption should be that this will never change. I wouldn't expect governments to become more lenient in regulating virtual currencies.
These users thanked the author Ilan Tochner for the post:
oopsee joseppe
User avatar
Constance Peregrine
Posts: 2348
Joined: Sun Dec 23, 2012 11:35 am
Has thanked: 2778 times
Been thanked: 1479 times

Re: Can I sell back my KCs ?

Post by Constance Peregrine »

Ilan Tochner wrote:I wouldn't expect governments to become more lenient in regulating virtual currencies.
From your lips to God's ears...ain't dat de truth!!

And, everything else!!
Laissez faire et laissez passer, le monde va de lui même!
My little sounds store https://www.kitely.com/market?store=2040306

Ephemeral wanderer...
User avatar
Carlos Loff
Posts: 280
Joined: Sat Dec 28, 2013 8:58 pm
Location: Lisbon - Portugal
Has thanked: 263 times
Been thanked: 191 times
Contact:

Re: Can I sell back my KCs ?

Post by Carlos Loff »

oopsee joseppe wrote:curious...will there be a time when kc's are exchanged for rl currency? Don't really care just curious if this might be something on the back burner? Or possibly using a third party exchanger like "inbiz" where kitely bucks could be redeemable then exchanged for rl currency?

Just bought it now, hope Kitely Market keeps getting better
Kitely - Meta Lisbon --> grid.kitely.com:8002:Meta Lisbon Startups
Join Me on Meetup --> https://www.meetup.com/metalisbonstartups/
Join Kitely Group --> Meta Lisbon Startups
User avatar
Brayla Sana
Posts: 78
Joined: Wed Mar 27, 2013 7:09 pm
Has thanked: 19 times
Been thanked: 144 times

Re: Can I sell back my KCs ?

Post by Brayla Sana »

Another idea would be to get rid of KC's all together and use USD or Euros as your currency in and out of world.
Dadiella's for Fashion and Brayla Sana Gallery for Building!
User avatar
Dot Matrix
Posts: 1625
Joined: Sun Jul 28, 2013 3:26 am
Has thanked: 1208 times
Been thanked: 2324 times

Re: Can I sell back my KCs ?

Post by Dot Matrix »

KCs get over the problem of PayPal's disproportionate transaction fees for low-cost items. Having both systems gives choice and flexibility.
These users thanked the author Dot Matrix for the post (total 2):
Shandon LoringLunk Portal
User avatar
Carlos Loff
Posts: 280
Joined: Sat Dec 28, 2013 8:58 pm
Location: Lisbon - Portugal
Has thanked: 263 times
Been thanked: 191 times
Contact:

Re: Can I sell back my KCs ?

Post by Carlos Loff »

Dot Matrix wrote:
Carlos wrote:I wonder if it is possible to create a rental box with a script that counts time wile a given world is online and in spite of going off when no one is in the land, still updates and resumes accurate counting when it comes back online during the next vist taking in account the offline time lapse ???
Something like this for a complete region?
http://www.kitely.com/market/product/30 ... sed-worlds
I have that one it does not count time backwards and also does not upgrade from regions down time and worse its non modify, you cant eve setup rental info
Kitely - Meta Lisbon --> grid.kitely.com:8002:Meta Lisbon Startups
Join Me on Meetup --> https://www.meetup.com/metalisbonstartups/
Join Kitely Group --> Meta Lisbon Startups
User avatar
Freda Frostbite
Posts: 742
Joined: Sat Mar 29, 2014 2:10 am
Location: Florida, space coast.
Has thanked: 608 times
Been thanked: 769 times

Re: Can I sell back my KCs ?

Post by Freda Frostbite »

You guys, Kayaker has already created an object that accepts paypal inworld. I have two of them rezzed on poesy. One in the ballroom, the other in the auditorium. Go see. And then Talk to Kayaker.
These users thanked the author Freda Frostbite for the post (total 3):
Constance PeregrineShandon LoringCarlos Loff
Post Reply