Monday, August 13, 2007
Bank Goes Bust in Second Life
One of the banks in Second Life with a network of virtual ATMs has gone bust after a run on deposits. It is thought that it is related to a change in policy on gambling in Second Life.
Talk about real or virtual money, but these are real dollars that have been lost by depositors, who have been offered relatively worthless bonds as an option for a pay out. I wonder if they will file for virtual bankruptcy. Last Ditch Writer is on holiday, but perhaps there is a virtual job for him when he gets back to Second Life. There is a real blurring of issues between real and virtual worlds here.