FYI: Just cause Luke’s an economic serial killer doesn’t mean there are not responsible exchanges out there. There are two exchanges that are members of the SLEC, and two others that also seem to be operated ethically.

a) someone actually figured out a way to make it so you could buy RL products or services through SL in a way you can’t already do on the regular internet.

The abilities for that isn’t here yet IMO. A couple groups have come close, though.

b) every account is tied to that person’s RL information thus making them trackable for legal purposes like the regular internet.

I got screwed by some scammer with a web site out of Japan and was able to find the guy’s personal information and emailed him telling him what I knew and that I would start putting that info up on other sites and giving him a call if he didn’t send me my money. He sent my money back! That’s Guerilla International Small Claims Court right there!

Until the above happens investors get what they deserve and should treat it like a game instead of valid investment. The owners of failed “banks” get what they deserve, too, with all types of harassment and bad “press” by angry marks…I mean customers!

Throwing your money in an unregulated bank in second life is just like throwing loaded dice…you’ll crap out every time.

The smart move was to ban casinos…the next smart move is to ban banks. If Linden Labs wants to insure deposits, by all means have banks…if not…they should be history just like the depositors Linden.

I’ve spoken a few times personally with LukeConnely. I don’t think he’s a thief, just naive to think that this was going to work once he started interracting with other “banks” in the land of no regulation. I personally made a lot of money with the WSE in it’s first 6 months. Hell had I known then what I know now I would have invested a ton more! I guess I was one of the quicker ones!!

History buffs out there could see this as a re-enactment of the “Roaring 20s” and the lead-up to the Depression. The WSE buildings should have been old timey 1900s style with a dress-code straight out of the Fall 1923 edition of the Sears-Robuck catalog! Hell they could have even included a HUD that makes everything turn black and white (as we all know, no one saw in color until the late 50s when color TV was invented)!

Sure you can! It happens every day, RL and SL. In RL, all you have to do is bury a tiny detail that no sane person would sign in hundreds of pages of contract, and it’ll get missed 99% of the time. In SL, honest people are being robbed of their spacebucks just by accepting something from someone. In this case though, it is just a case of people creating virtual banks to get rich and then bailing out when things fall apart. And as bad as I feel for people who’ve been ripped off by these “banks” and “VR stocks”, risk is the name of the game in investment. At the same time though, I would like to see any such “risky investment service” declared by LL to be gambling and banned the same way. If losing a few hundred Lindens in a Sploder is so bad, then why is someone running off with Millions and vanishing okay?

From: Your 2nd Place Taxesdoes that mean refunds? Quote from the site – You know I was sitting in the Emergency Room with my mom at hmmmm 3a.m. this morning.reading an August edition of Time magazine. Flipping through the pages I s…