SecondLife Bans Unregistered In-World Banks

Posted by timothy on Wednesday January 9, 2008 @07:59AM from the it-all-seems-a-bit-fictional dept.

GuruBuckaroo writes "Virtual Ponzi schemes — pardon, "Banks" — have finally been given the boot by the policymakers at Linden Lab's Second Life. According to the company's latest blog post: 'As of January 22, 2008, it will be prohibited to offer interest or any direct return on an investment (whether in L$ or other currency) from any object, such as an ATM, located in Second Life, without proof of an applicable government registration statement or financial institution charter. We're implementing this policy after reviewing Resident complaints, banking activities, and the law, and we're doing it to protect our Residents and the integrity of our economy.'"

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can somebody please explain by gonar · 2008-01-09 08:19 · Score: 0, Flamebait

what the hell the purpose of second life is, and why the hell I should care?

it's just another MMORPG but without any of the redeeming features of evercrack or WOW (i.e. dressing like a mideval elf and killing trolls)

maybe I'm just dumb, but really, what is the purpose?

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The difference between Theory and Practice is greater in Practice than in Theory.
Re:Let's see if real banks move in by EggyToast · 2008-01-09 09:06 · Score: 0, Flamebait

This is just the Ron Paul crazies out in force that their guy sucked in NH last night.