Comments on: Second Life Bank Ban

By: Strange Ranger

Strange Ranger — Sat, 12 Jan 2008 02:37:22 +0000

I should also mention that “Me” is correct in that the LLC was not accepted by Linden Lab. Unfortunately, they don’t offer any other information as to exactly what “is” accepted.

By: Strange Ranger

Strange Ranger — Sat, 12 Jan 2008 02:34:22 +0000

So, “Me”, by your thinking, I suppose that every type of business owner in Second Life would be required to have the required license in RL to do what they do in SL. If they want to deal in virtual land, they would need to be a licensed real estate agent. If they want to sell scripted weapons, they would need a license to deal arms, and also need to enforce a waiting period. If they want to build houses and office buildings, they would be required to meet building codes.

If you actually did some research, you would realize that not all of the banks are “scams” (as you call them). If you believe everything that Linden Lab tells you, you’ll be in for a huge surprise, one of these days, when you realize that it’s no longer “Your World. Your Imagination.”

Could you cite the “major law suit” that is stirring? Has something been legally filed somewhere that I’m not aware of?

By: Me

Me — Sat, 12 Jan 2008 02:23:57 +0000

That above PDF is just an LLC. No good. Sorry, that is not a banking license.
Linden will either refuse this and require a banking license or their efforts are vain.

By: Me

Me — Sat, 12 Jan 2008 02:20:39 +0000

I think you might do some more research. If Linden allows the scam artists to play bank in SL just because they have a formal LLC business License, this will not protect Linden from a major law suit that is stirring.

I’ve read a few places where Linden is denying company owners from playing bank. You have to have a BANKING LICENSE…

Have fun,
Me

By: Kailen Juran

Kailen Juran — Wed, 09 Jan 2008 22:43:24 +0000

When I first entered the world of SL economics, I considered Second Life to be something of a libertarian model, with Linden Lab having a mostly laissez-faire attitude toward the economy. (Not entirely as they collect “property taxes” and create land masses themselves.) After the gambling ban, I felt that they abandoned that libertarian experiment. Now with the whole affair with banking, they are abandoning the free market. If they extend this to virtual corporations, and I see that as all too near, then capitalism itself will be done away with. I suspect that a likely extreme will be akin to a feudal system with Linden Lab being the vassel lords.

By: Banking ban (UPDATED) « Around the Grid with Harper

Banking ban (UPDATED) « Around the Grid with Harper — Wed, 09 Jan 2008 14:35:55 +0000

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