Archive for 'Virtual Business, Finance and Economics'
Elves Enter Money Trading Biz
In the wake of the closing of Gaming Open Market, the notorious SL group Elf Clan has started its own currency sales operation. A couple of interesting points are worth noting. One is that the entry of the Lindens into direct money trading has oddly led to the loss of GOM but simultaneously with at [...]
Full StoryEXCLUSIVE: Philip Linden Reacts to GOM Announcement
In an exclusive interview with the Herald, Second Life honchissimo Philip Linden gave his reaction to this morning’s announcement that GamingOpenMarket.com would halt trading in L$ as of October 2. Far from stifling competition, Philip sees Linden Lab’s move into the currency-trading arena as one that will enable the entrance of even more resident-created services.
Full StoryGoing, Going, GOM: L$ Site to Close Doors
In news that is sure to shake up virtual commerce in Second Life for some time,GamingOpenMarket.com, probably the single most popular site for trading L$ and the benchmark by which most smaller traders do their business, this morning announced it would shut down its L$ trading service, effective 7pm game-time on Sunday, October 2. The [...]
Full StoryWells Fargo Harnesses FIC Labor for Stagecoach Island
A few days ago Clickable Culture reported the opening of Stagecoach Island, a private island built expressly for Wells Fargo, and not accessible via the mainland. It’s stated goal is to “help young people learn financial responsibility” (translation: the goal is to establish brand loyalty at an early age). Now our friend Daniel Terdiman has [...]
Full StoryThe FIC is Dead! Long Live the MJW!
Too many Second Life forum threads to count in recent days have been focusing on a meeting between head honcho Philip Linden and a shadowy group of conspirators who’ve dubbed themselves the Metaverse Justice Watch.
Full StoryAimee’s Bloomers
That guy Mark Wallace is at it again, this time in the pages of The Escapist, where it seems he’s managed to write an entire article about Aimee Weber’s panties. You might not be able to hold Aimee’s panties in your hand (as much as you might like to), but that’s not the point. You’re [...]
Full StoryBetrayed! Lindens Phuck Gaming Open Market!
Why do I rob banks? Cuz that’s where the money is.–Willie Sutton There aren’t a lot of online institutions that you can trust, but Gaming Open Market has always been one of them. Readers will recall being introduced to GOM by the Herald two years ago, and how GOM came to the rescue of Urizenus [...]
Full StoryInvasion of the Virtual Body Snatchers
Most sorry for the delay in reporting this, but I was up at the Herald duck blind in Canada when the story broke and only just found it. Many of you will recall Chipsen Queso’s highly positive review of Asri Falcone’s fashion show. Now it seems that her account was hijacked and another mystery typist [...]
Full StoryBad Bots! Computer characters mugged in virtual crime spree
There is a really interesting article in New Scientist about a guy in Japan using bots to mug other players on Lineage II and then of course selling the loot for RL currency. The culprit running the bots — a Chinese exchange student — was arrested. By RL Police. Cool.
Full StoryProtest Continues as Former Gigas Officer Removed from Ouranos. By Lindens.
by Prokofy Neva Hank Ramos, a former GIGAS Group mall investor battling other GIGAS officers in a dispute that led to Linden Lab’s seizure of their land, continued his protest in the Ahern Welcome Area last night about a new development in his land-grab saga — his summary removal from the officers of Ouranos group, [...]
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