One is that Lewis PR contacted Massively and stated that the JP Linden announcement was for currency traders and not solely residents.

The second is a story that should help things out. Many respondents are saying that the Linden dollar is similar to currency, where the Lindens describe it as a digital or property right. Additionally, the government takes counterfeit currency out of circulation. The Linden dollars mentioned aren’t counterfeit and Linden Lab can’t be a government some days and a corporation others.

SOOO lets say Carl takes Stu’s Visa card and goes to the Buy More. Carl uses Stu’s card to purchase a big screen TV for $4000. Visa pays the Buy More, less a fee, the money for the TV.

Carl then lists the TV for sale on Craig’s list. Stacey sees the ad and visits Carl. She sees the receipt and pays $3800 for the TV from Carl.

Stu reports the card stolen to Visa. Visa takes the money back from the Buy More. The Buy More could write off the loss on their taxes or make an application to their insurance provider, stating that they sustained a loss.

Stacey decides to have her remote programmed by the Nerd Herd and takes the TV to the Buy More. The TV’s value now is $3800. The Nerd Herd sees that the TV is the one sold to Carl.

In the real world, nothing happens to the TV. Its still owned by Stacey. She is a bona fide purchaser, meaning she took the TV by providing something of value and without notice of it being stolen. The Buy More still has a civil claim against Carl for $4000. That’s who they have to pursue. (If Stacey would have bought the TV off of the back of a truck, that’s a different story because that’s notice. Also if she received it as a gift, it would be a different story because she didn’t give something of value for it. But that’s something for a court to decide, not the Buy More.)

In the Lindens’ view, the Buy More takes the TV and the iPod Stacey bought from them to make back their $4000.

But the extra punishment of another 50% to the receiver of the money is what sounds pretty much unfair.

Well–duh. The last thing that LL wants it to have these parasitic ponzi schemes running around claiming “RiskAPI” as a Linden stamp of approval.

That’s not accurate. I’m pretty sure Anshe Chung’s services are safe.

In reality everyone trades L$ for a profit so you’re putting something in someone’s pocket regardless.

Also if you understood how the LindeX worked you’d realize that’s not how they manipulate L$. They’re a little trickier than that.

Well sounds like you would say the person should able to keep the item even if it’s was stolen to be fair because you brought it?

Let’s just say I stole your vehicle and sold it to some random guy… Would you still want your vehicle back? See how you thought might be fair? No really… think about it.
(in other words… get over it.)

it also nicely knocks out ALL the competition and gives them a monopoly over the Linden currency and allows some
unchallenged manipulation, as per real life when the currency stops trading with foreign markets.

Just a thought

SWEET!