Stephen Downes

Knowledge, Learning, Community
People who renege on their obligations, banks that disappear overnight, gerrymandered exchange rates, and a completely unregulated investment environment. This is the Second Life 'economy' where (we are told) millions of dollars are being made every day. "SecondLife is a giant magnet for the desperate, uninformed, easily victimized. Its promises of wealth readily ensnare those who can least afford to lose their money or lives to such scams." Do read the comments for some raucous discussion. See also this item, which notes, "If you can actually collect your SLLs from your counterparty - which turns out to be an enormous problem - you can't cash them out for USD easily or profitably."

While I'm on this topic, it is worth noting that because Second Life is bogging down when it gets crowded (where 'crowded' means about 38,000 people - hardly the million the legends are made of) Linden Labs will be to "paying accounts". More and More. Maybe it's time to start selling those Linden dollars, hm?

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Stephen Downes Stephen Downes, Casselman, Canada
stephen@downes.ca

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Last Updated: Mar 29, 2024 09:24 a.m.

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