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Second Life Virtual Property Boom

The Guardian Gamesblog has an interview with Philip Rosedale, Second Life's CEO and Founder. In the wake of last week's virtual property slaying, they discuss the realities of owning something intangible. From the article: "We launched Second Life without out of world trade and after a few months we looked at it and thought, 'We're not doing this right, we're doing this wrong.' We started selling land free and clear, and we sold the title, and we made it extremely clear that we were not the owner of the virtual property. USD$.4m a month is traded directly to world markets in Linden Bucks on Gaming Open Market. That's USD$.4m redeemed, or Linden Bucks turned into US dollars. In May 2005, the total amount traded in-world was USD$1.47 million. There were 1.3 million transactions between 19,500 unique users."

5 of 242 comments (clear)

  1. My pencil by Anonymous Coward · · Score: -1, Offtopic

    is long and yellow. FPMOFO,.

    1. Re:My pencil by Anonymous Coward · · Score: -1, Offtopic

      hi octalc0de!

  2. Too bad it lacks an eraser... by Anonymous Coward · · Score: -1, Offtopic

    ...because it looks like somebody made a mistake!

  3. Re:retarded moderators by I+keep+creating+acco · · Score: -1, Offtopic

    the funny thing is that moderators waste points on criticism but don't mod down the actuall offtopic posts that started this thread.

    god you retards are dense and moronic

  4. Re:retarded moderators by jabber01 · · Score: -1, Offtopic

    Oh, the irony of you complaining about the virtual worth of your lame comment, on a website where nobody actually knows you. That's down-right artistic!

    --

    The REAL jabber has the user id: 13196
    What you do today will cost you a day of your life