Second Life Forums Archive

Icarus Ecksol

Registered User

Join date: 4 Mar 2008

Posts: 4

03-06-2008 13:11

Hello,

I've been in SL all of 7 days and I've heard a lot of negative things about the WSE and It's founder. I was wondering if any of you could tell me please about this so I know to advoid it all together. Thanks !

Raymond Figtree

Gone, avi, gone

Join date: 17 May 2006

Posts: 6,256

03-06-2008 13:13

The short answer: Stay away.

It's a fictitious stock market that takes your real money and turns it into their own currency. There was a time when you could exchange lindens for lindens and make real money if you chose the right stock, but now all bets are off.

Their disclaimer on the website should be enough to warn you off:
DISCLAIMER: The World Stock Exchange (WSE) is a Fictional Securities Exchange and Banking service developed for educational and entertainment purposes and is not a real life securities exchange and bank. The WSE does not use real currency and only operates using fictional currencies called (Linden Dollars) and (World Internet Currency).

For more on the subject: /327/72/244775/1.html

_____________________

Read or listen to some Eckhart Tolle. You won't regret it.

Sunni Jewell

Who said so?

Join date: 22 Mar 2007

Posts: 748

03-06-2008 13:13

Hi, Icarus, Welcome to SL. I don't know too much about WSE, to be honest. But I can tell you.....keep your lindens in your own account unless you're purchasing something. In other words, don't "invest" them, don't "bank" them (other than in your own account), don't agree to any pop ups that say you're giving permission to debit your account unless you're setting up a vendor or something. That's about the best I can tell you.

_____________________

Why, anybody can have a brain. That's a very mediocre commodity. Every pusillanimous creature that crawls on the Earth or slinks through slimy seas has a brain-The Wizard of Oz

Bradley Bracken

Goodbye, Farewell, Amen

Join date: 2 Apr 2007

Posts: 3,856

03-06-2008 13:13

Hi Icarus,

There's an entire thread right here:

/327/72/244775/1.html

EDIT: Ray beat me to it, but if you are every considering investing in something in SL that is not regulated in any way, then it wouldn't hurt to read the thread twice.

_____________________

My interest in SL has simply died. Thanks for all the laughs

Icarus Ecksol

Registered User

Join date: 4 Mar 2008

Posts: 4

03-06-2008 13:19

Thanks Guys For All The Replys and helpful info, I will definetly just stay away !

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Icarus Ecksol Registered User Join date: 4 Mar 2008 Posts: 4	03-06-2008 13:11 Hello, I've been in SL all of 7 days and I've heard a lot of negative things about the WSE and It's founder. I was wondering if any of you could tell me please about this so I know to advoid it all together. Thanks !
Raymond Figtree Gone, avi, gone Join date: 17 May 2006 Posts: 6,256	03-06-2008 13:13 The short answer: Stay away. It's a fictitious stock market that takes your real money and turns it into their own currency. There was a time when you could exchange lindens for lindens and make real money if you chose the right stock, but now all bets are off. Their disclaimer on the website should be enough to warn you off: DISCLAIMER: The World Stock Exchange (WSE) is a Fictional Securities Exchange and Banking service developed for educational and entertainment purposes and is not a real life securities exchange and bank. The WSE does not use real currency and only operates using fictional currencies called (Linden Dollars) and (World Internet Currency). For more on the subject: /327/72/244775/1.html _____________________ Read or listen to some Eckhart Tolle. You won't regret it.
Sunni Jewell Who said so? Join date: 22 Mar 2007 Posts: 748	03-06-2008 13:13 Hi, Icarus, Welcome to SL. I don't know too much about WSE, to be honest. But I can tell you.....keep your lindens in your own account unless you're purchasing something. In other words, don't "invest" them, don't "bank" them (other than in your own account), don't agree to any pop ups that say you're giving permission to debit your account unless you're setting up a vendor or something. That's about the best I can tell you. _____________________ Why, anybody can have a brain. That's a very mediocre commodity. Every pusillanimous creature that crawls on the Earth or slinks through slimy seas has a brain-The Wizard of Oz
Bradley Bracken Goodbye, Farewell, Amen Join date: 2 Apr 2007 Posts: 3,856	03-06-2008 13:13 Hi Icarus, There's an entire thread right here: /327/72/244775/1.html EDIT: Ray beat me to it, but if you are every considering investing in something in SL that is not regulated in any way, then it wouldn't hurt to read the thread twice. _____________________ My interest in SL has simply died. Thanks for all the laughs
Icarus Ecksol Registered User Join date: 4 Mar 2008 Posts: 4	03-06-2008 13:19 Thanks Guys For All The Replys and helpful info, I will definetly just stay away !