The Metaverse Journal has an unedited interview with LukeConnell Vandeverre, owner of the - as he puts it - fictional World Stock Exchange. In it, Vandeverre asserts repeatedly and firmly that the WSE is a game, and nothing more, and that no real profit is available through the WSE.

"[I]t is not real, holds no real value and it is not an investment and does not provide investment opportunities." - Vandeverre.

The interview is full of contradictions. Vandeverre appears to claim that the 'fictional' currencies have value in the real world, albeit indirectly, and then reverses course and appears to claim that they don't.

Continue reading Vandeverre says: WSE not real. Not an investment. [updated]

Vandeverre says: WSE not real. Not an investment. [updated] originally appeared on Massively on Sat, 12 Jan 2008 11:00:00 EST. Please see our terms for use of feeds.

A recurring question, amid the forest of what might be legitimate failures and mismanaged enterprises or might just be scams, is just how legal are the banks and stock exchanges that operate alongside and inside various MMOs and Virtual Worlds such as Second Life.

As seems to be usual with legal matters, a simple question doesn't yield a simple answer.

Continue reading How legal are virtual banks and stock exchanges?

How legal are virtual banks and stock exchanges? originally appeared on Massively on Fri, 07 Dec 2007 01:00:00 EST. Please see our terms for use of feeds.