Jan
23rd
Wed
23rd
Second Life's pending crash [Virtual Economy]
Shame on you, Wall Street Journal, for running a front page exposé on the Second Life bank run. Fair enough to report that its banks are collapsing. But mostly, the article will serve to remind Journal readers that second Life is still a going concern.
Since so many of the virtual world’s lending institutions are private enterprises, they’ve gotten away with breaking shady promises, like 200 percent interest rates. (Honestly, who would think that deal was legit?) Linden Lab, the…