This is one of those cases that reminds us that, for all the talk of virtual property in SL, all users actually have is whatever the Lindens let them have. On the one hand, I'm sure their business model requires that they crack down on fraudulent currency, and it is unfortunately necessary to suspend the currency in question ASAP so that it doesn't spread (unwittingly) further and further from the actual wrong-doer (harming more and more innocent people when it is removed from the economy). But the other issue is that these actions seemingly should undermine confidence in SL "assets".

Whether it's implementing a new teleportation system that devalues locations near the old hubs, banning a currently valid use of virtual property with no notice or compensation (I'm not saying the decision to ban casinos was wrong, but the decision certainly affected peoples' assets), or now allowing fraud by OTHER people to cost you cash, SL property is simply unstable in ways that real world property isn't.

My question is simple: Why is anyone comfortable "owning" anything under such terms? Apparently people are, but my reaction, if someone handed me anything of value in SL, would be to cash out as quickly as possible before the Lindens can strike again.