It's said that two of the most prevalent economic forces in the world are fear and greed. Linden Lab's new banking ban has highlighted both of those, in spades.

Linden Lab has absolutely refused to act as a regulator of banking in Second Life in an ongoing fashion, and have therefore chosen to bar the practice entirely, except where operators can prove that they are already regulated by real-world authorities. Not just legal - regulated.

Continue reading The SL Banking ban - fear and greed

The SL Banking ban - fear and greed originally appeared on Massively on Wed, 09 Jan 2008 05:00:00 EST. Please see our terms for use of feeds.

Caleb Booker (better known as Onder Skall) reports on this week's Metanomics session in Second Life.

For those of you who came in late, Metanomics (sponsored by our friends over at Metaversed.com) seeks to study how economies work (or sometimes don't work) in virtual worlds and MMOs, how they develop and how people interact with them. A virtual world economy is a capsule microcosm full of lessons about real economies.

Continue reading The Linden dollar - every bit as fake as the US dollar

The Linden dollar - every bit as fake as the US dollar originally appeared on Massively on Thu, 15 Nov 2007 02:30:00 EST. Please see our terms for use of feeds.