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Reader Comments (4)

Posted: Feb 25th 2008 7:50AM (Unverified) said

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Linden Dollars represented real-world value of a sort on the Second Life Agni Grid. There might possibly be some real-world legal implications of this sort of move. The sort that involve the Australian Taxation Office visitng the home of some dood in east australia with very unhappy faces.

Fear, Uncertainity and Doubt are not reasons I would associate currently with a shift away from L$. As things stand to me, they represent one of the few currencies in virtual realms to have actual value both ways.

Will the WIC have such value? Only if backed by proper fiduciary controls, some might say. The same people might also point out that recent behavior prior to WSE's closure for upgrades fail to describe such controls existing to a acceptable standard.

Just a couple of things to think about.

Posted: Feb 25th 2008 8:38AM (Unverified) said

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This move doesn't seem congruent with the strident "we're not a scam bank like those other guys in SL" statements of the WSE around the time of the "banking" ban.

Posted: Feb 25th 2008 10:00AM (Unverified) said

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There are no "Banks" in SL and the WSE certainly isn't (wasn't) a stock exchange. They're just unregulated schemes to suck real money out of unsuspecting fools who enjoy role play .. except the people running the scheme aren't playing.

I'd like to agree with you Patchouli - the ATO should pay someone in Melbourne a visit.. but they struggle to understand real life business let alone this sort of caper.

Posted: Feb 25th 2008 1:34PM (Unverified) said

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So, real world copyright is being bought with a 'license to use a fictional currency'?

Fatality.

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