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Bank Run in Second Life

Jamie found an interesting bit about a bank run in Second Life. The recent ban on gambling combined with a $12k theft from the 2L stock market has caused people to try to get their money back. The article mentions that this could supposedly affect 8.5M players even tho most estimates of actual hard core players in the system are in the 5 to low 6 figure range.

16 of 336 comments (clear)

  1. Looking for a decent exchange rate by pegr · · Score: 3, Funny

    I'd be alright if I could get a decent exchange rate for all these Simolions...

    1. Re:Looking for a decent exchange rate by utopianfiat · · Score: 5, Funny

      I'd be alright if I could get a decent exchange rate for all these US Dollars...


      FIXED.
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      +5, Truth
  2. 2L? by mwvdlee · · Score: 5, Funny

    What is this "2L" thing? It's not Second Life, because the whole friggin' world abbreviates that to "SL" and nobody is pedantic enough to come up with a totally new abbreviation when a perfectly good one already exists. So what does it mean?

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    1. Re:2L? by karnal · · Score: 5, Funny

      I'm guessing it's somewhere between "L" and "XL".

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      Karnal
  3. tho? by CompMD · · Score: 5, Funny

    Every time you use "tho" in place of the actual word "though," God kills a kitten.

  4. Slow news day in the real world... by QuietLagoon · · Score: 3, Funny

    So we have to read articles about news in a fake world?

  5. Obl. Quote by Rixel · · Score: 5, Funny

    You're thinking of this place all wrong. As if I had the money back in a safe. The money's not here. Your money's in Joe's imaginary house...right next to yours. And in the imaginary Kennedy house, and Mrs. Macklin's imaginary house, and a hundred other imaginary houses. Why, you're lending them the money to build, and then, they're going to pay it back to you as best they can. Now what are you going to do? Foreclose on them?...Now wait...now listen...now listen to me. I beg of you not to do this thing. If Potter gets hold of this Virtual Building and Loan there'll never be another decent imaginary house built in this imaginary town. He's already got charge of the imaginary bank. He's got the imaginary bus line. He's got the imaginary department stores. And now he's after us. Why? Well, it's very simple. Because we're cutting in on his business, that's why. And because he wants to keep you living in his imaginary slums and paying the kind of rent he decides. Joe, you lived in one of his imaginary houses, didn't you? Well, have you forgotten? Have you forgotten what he charged you for that imaginary broken-down shack? Here, Ed. You know, you remember last year when things weren't going so well, and you couldn't make your payments. You didn't lose your imaginary house, did you? Do you think Potter would have let you keep it? Can't you understand what's happening here? Don't you see what's happening? Potter isn't selling. Potter's buying! And why? Because we're panicky and he's not. That's why. He's picking up some bargains. Now, we can get through this thing all right. We've got to stick together, though. We've got to have faith in each other.

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    Never play chicken with a passive aggressive.
  6. It's a wonderful life. by Paranoia+Agent · · Score: 3, Funny

    You're thinking of this place all wrong. As if I had the money back in a safe. The money's not here. Your money's in Joe's S & M fetish dungeon...right next to yours. And in the Kennedy's warehouse of flying penises, and Mrs. Macklin's Fur-suit emporium, and a hundred others. Why, you're lending them the money to build, and then, they're going to pay it back to you as best they can. Now what are you going to do? Foreclose on them?

  7. At least... by wpegden · · Score: 2, Funny

    at least we're finally seeing some believable estimates as to the number of active second life users. 5 to 6.

  8. Could be worse... by n+dot+l · · Score: 5, Funny

    Could be "Girl builds computer in online game while online boyfriend watches. Look, he has screen shots."

  9. Re:Vast exaggeration by Dragonslicer · · Score: 4, Funny

    Ginko also isn't a "bank" in the usual term of the word; it's not regulated or insured in any way and isn't impacted by any of the legal requirements of real world financial institutions. Quite frankly; you're an idiot if you trust them with your money. So they're the Second Life version of PayPal?
  10. Re:Vast exaggeration by Belacgod · · Score: 2, Funny

    I won't accept anyone else's snot but the GP's to pay my debts! Everyone else's snot is counterfeit!

  11. Re:Fiat currencies have several problems. by Mr.+Bad+Example · · Score: 4, Funny

    > Here's a hint: if you think money is generally created by printing more currency,
    > you obviously don't know what the hell you're talking about.

    Wait...wh-? Seriously?

    Oh, shit. Excuse me--I have to call Kinko's and cancel an order right now.

  12. Re:You don't think debt is a commodity? by Reverend528 · · Score: 2, Funny

    Ammunition can always get you gold

    Yes, but liquor can always get you drunk. That's why it's at the top of my list.

  13. Re:Fiat currencies have several problems. by Knara · · Score: 2, Funny

    I'm just going to go ahead and assume that since you posted as an AC, that you looked up "economics" on Wikipedia in order to try to "zing!" me, and not bother to argue with you. kthx.

  14. Great. Now I'm Dead. by Arthur+Grumbine · · Score: 2, Funny
    From laughing so hard. Not actually from the laughing but from the conversation with my boss afterward. Not so much dead because of the conversation with the boss, as because of the fight with my wife after returning home early to let her know I lost my job because of casual internet browsing. Not actually immediately from the fight with my wife as from the knife she jammed through my skull.

    Thanks a lot buddy!!

    --
    Now that I think about it, I'm pretty sure everything I just said is completely wrong.