The Metaverse Republic is a new site that states its purpose clearly: "The Metaverse Republic, currently work in progress, will be a legal system for Second Life, with real powers of enforcement originating in user-created tools, and a democratic parliament. There are many disputes and potential disputes in Second Life that could benefit from formal resolution: disputes about … [Read more...] about Does Second Life need a Republic?
legal
World Stock Exchange to continue business
As promised earlier in the week, we managed to catch up with Australia-based CEO of Second Life's World Stock Exchange (WSE), Luke Connell (Second Life: LukeConnell Vandeverre). I've interviewed him a couple of times and the stories always garner a lot of attention. I need to preface this interview with some kudos for Luke Connell - I IM'd him without notice and he took part … [Read more...] about World Stock Exchange to continue business
World Stock Exchange faces an uncertain future
After today's arguably overdue intervention by Linden Lab in regard to virtual banking in Second Life, I dropped by the World Stock Exchange to see what was going on. There was only one other person wandering around and a very short notice from WSE about Linden Lab's announcement. The notecard states: "LL has introduced a new policy on banks. The FAQ says that stock … [Read more...] about World Stock Exchange faces an uncertain future
Virtual banking – Linden Lab intervenes
Linden Lab today announced that any virtual banking facilities offering interest on Linden dollars deposited would now be banned. Initial reaction from a significant number of residents falls into the 'about time' category but like the July 2007 gambling ban the impact on the Second Life economy will be enormous. I'd be surprised if any of the financial providers are able to … [Read more...] about Virtual banking – Linden Lab intervenes
WSE closed for up to a month – strange or not?
Over on Your2ndPlace, Nobody Fugazi has done a story on Second Life's World Stock Exchange (WSE) and its announcement of an up to 30-day closure. I headed over to WSE myself and sure enough was greeted with this: Auto Greeter: Hello. Lowell Cremorne Welcome to the WSE. As you all know we are upgrading as part of our launch for the WSE 4.0 platform. This is a huge … [Read more...] about WSE closed for up to a month – strange or not?