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SL Banks are Toast - Yee Haw!

Chilly Charlton
Registered User
Join date: 15 Jun 2004
Posts: 483
01-08-2008 13:44
Gosh Carl let's bring back kiddie porn, gambling and banks. You make total sense to me.

In other words, we are in TOTAL agreement.

But following the LL pattern, sex is next.
Yiffy Yaffle
Purple SpiritWolf Mystic
Join date: 22 Oct 2004
Posts: 2,802
01-08-2008 13:46
If the day comes that Linden Lab bans Sex, I will be having lots and lots of sex to protest it. As a adult we have the right to have sex. We already proved our ages and kids don't have legitimate access to the main grid so i don't see why they would need to take that measure anyway.
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Hiro Queso
503less
Join date: 23 Feb 2005
Posts: 2,753
01-08-2008 13:50
From: Chilly Charlton

But following the LL pattern, sex is next.


<sigh> oh well. OK ladies, form an orderly line and get it while it's still permitted. At my firing rates I should be able to fit in about 20 of you per hour.

<looks around>

<tumble weed passes by>
Alazarin Mondrian
Teh Trippy Hippie Dragon
Join date: 4 Apr 2005
Posts: 1,549
01-08-2008 13:51
From: Yiffy Yaffle
If the day comes that Linden Lab bans Sex, I will be having lots and lots of sex to protest it. As a adult we have the right to have sex. We already proved our ages and kids don't have legitimate access to the main grid so i don't see why they would need to take that measure anyway.

Perfectly logical, Yiffy. But since when was logic a defining quality of LL policies?
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Chilly Charlton
Registered User
Join date: 15 Jun 2004
Posts: 483
01-08-2008 13:51
I agree with you Yiffee, and besides it's FAKE sex. But apparently the gambling is real, the banks are real, and the L$ is real.

At least the rules for the communitly are set up "as if" it's all real.

So, L$ is real for us, fake for them. Bottom line.

And you'd think adults whom can choose to or not to ingage in fake sex for fake money could also make these decisions when concerned with fake banks and fake money?

Well I agree the banks are fake (I never deposited) and the sex is fake (didn't deposit there either) but apparently L$ are not fake, otherwise we could decide on banking just like we decide on sex.

Anyway, the LAST thing to go will be LL owning up to thier own rules when they stop printing the "REAL" money. Because if it's fake then why all the rules?
Carl Metropolitan
Registered User
Join date: 7 Jul 2005
Posts: 1,031
01-08-2008 13:52
From: Carl Metropolitan
They won't sell very many of them (L$).


From: Rebecca Proudhon
Sure they will. SL is a consumer world.


If L$ are not convertable into US$, LL will not be able to sell many of them. Whether SL is a consumer world or not will not matter. Why? Because the people selling stuff will not be accepting L$. Why? Because those creators have to pay US$ for their tier. Because those creators have to pay US$ for their living expenses. Because those creators computers and software. Etc.

The only way Second Life would work without convertablity of L$ into US$ would be to completely abandon the L$. Which leads to a host of other problems that have been pointed out in this thread.
Chilly Charlton
Registered User
Join date: 15 Jun 2004
Posts: 483
01-08-2008 13:53
Are L$ real Carl?
Carl Metropolitan
Registered User
Join date: 7 Jul 2005
Posts: 1,031
01-08-2008 13:54
From: Chilly Charlton
Are L$ real Carl?


L$ are as real as Carl Metropolitan is.
Hiro Queso
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Join date: 23 Feb 2005
Posts: 2,753
01-08-2008 13:56
Careful what you ask for, you may just get it!
Chip Midnight
ate my baby!
Join date: 1 May 2003
Posts: 10,231
01-08-2008 13:58
This is definitely a smart move by LL, if for no other reason than the amount of bad press things like the Ginko collapse generate. It doesn't serve LL's long term interests (or the community's) to have the common perception of SL among the uninitiated be that it's a haven for scam artists. I'm surprised it took them this long to do this.

To those complaining that this goes against SL being a place where you can do anything you want and be anyone you want, that's never been true. There have always been rules against doing harm to others, and I don't think being denied the ability to operate ponzi schemes is going to be a hardship for many. :p It's going to be interesting to see who settles their accounts honestly and who cuts and runs with their deposits. My money's on most of them doing the latter (just a bit sooner than they would have anyway).
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Sae Luan
Hardcore 4the Headstrong
Join date: 6 Feb 2006
Posts: 841
01-08-2008 13:59
There was a big thread about this recently with alot of people in it..alot of people disagreed with me when I said I think LL should fix this because of whatever reasons (costs, employees, and the likes), but here we are. I'm SO happy LL finally took a look at what the community wants and NEEDS so it doesn't look as though we don't mind people scamming you for every penny you have in SL. Some of these banks only go into business to TAKE residents money...well I am all for the new ATMless SL.
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Strauss Ulderport
Registered User
Join date: 3 Dec 2007
Posts: 326
01-08-2008 14:00
From: Raymond Figtree
Does seem like very odd timing. Like the time Nick won the lottery right before Ginko failed.


While I am a n00b and not around for this ginko mess I have put togeather what ppl have said in passing about this. Seems this ginko 'bank' took a ton of money in, this owner nick guy then last summer claimed he won the 'lottery' then shortly after ginko collasped overnight? That about sum it up?
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Raymond Figtree
Gone, avi, gone
Join date: 17 May 2006
Posts: 6,256
01-08-2008 14:03
From: Carl Metropolitan
Not going to happen; here's why: 7,337,693 US$.

That's real US$ money that LL earned over the last 12 months from printing and selling L$ on the Lindex.

It's good to be the Fed :)
It can happen if the RL Feds tell LL they can no longer print money.
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Ciaran Laval
Mostly Harmless
Join date: 11 Mar 2007
Posts: 7,951
01-08-2008 14:04
From: Rebecca Proudhon
Other then SL's terrible lack of security, there is no reason at all, a big Real World bank can't have services in SL, going through SL technology. (future--when SL is forced to be secure)

Even now they could link to their own website for home/business banking from a "bank' in SL.

Clearly a real bank and a fictional (linden only) bank on the same block would be feasible.


Not a chance, money laundering for a start. Now if we were all ID verified through a secure system, then big RL banks might be interested.
Slack Zapedzki
secondBiTS.com
Join date: 13 Feb 2007
Posts: 360
01-08-2008 14:04
From: Trout Recreant
In other news, CartelTrustAccount Mumfuzz hasn't been seen or heard from since he went on the lam following this announcement. Since he IS the bank, presumably he's been sentenced to death in absentia. I would argue that this violates Article 3 of the US Constitution, requiring due process, but in all honestly, the US Constitution doesn't apply in SL, and I'm too lazy to check to see whether Article 3 is due process. It might be his right to keep and bear parrots for all I know.

He was last seen heading South into the void on a stolen biplane (Hey! Bastard! Give that back!) screaming, "You'll never take me aSLive you stinkin' Lindens!!" Frankly, I suspect he went the way of Amelia Earhardt, the Lindbergh kid and several escaped nazi war criminals (hah! Godwin! I win). He'll never be seen or heard from again. He's probably on some undiscovered southern continent sipping a pina colada and getting a foot massage from his cabana girl while running a sweatshop where workers make 10L furniture for 3L/20 minutes and an illegal gambling hall. Lucky SOB.

:D ROTFLMAO
Alicia Sautereau
if (!social) hide;
Join date: 20 Feb 2007
Posts: 3,125
01-08-2008 14:05
From: Strauss Ulderport
While I am a n00b and not around for this ginko mess I have put togeather what ppl have said in passing about this. Seems this ginko 'bank' took a ton of money in, this owner nick guy then last summer claimed he won the 'lottery' then shortly after ginko collasped overnight? That about sum it up?

abit more then a ton, start the figure at atleast 5 tons
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Lias Leandros
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Join date: 20 Jul 2005
Posts: 3,458
01-08-2008 14:17
I am glad I was here to see the tide turn. Keep the pressure on for the demise of adfarmers and un-supervised InfoHubs.
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Chip Midnight
ate my baby!
Join date: 1 May 2003
Posts: 10,231
01-08-2008 14:19
From: Raymond Figtree
It can happen if the RL Feds tell LL they can no longer print money.


I doubt that would happen. I've always thought the L$ are similar to community fiat currencies like Ithaca, NY's "Ithaca Hours" and Traverse City, MI's "Bay Bucks." http://www.forbes.com/2006/02/11/local-currencies-ithaca_cz_el_money06_0214local.html
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Bee Mizser
Registered User
Join date: 22 Apr 2007
Posts: 329
01-08-2008 14:34
From: Chip Midnight
I doubt that would happen. I've always thought the L$ are similar to community fiat currencies like Ithaca, NY's "Ithaca Hours" and Traverse City, MI's "Bay Bucks." http://www.forbes.com/2006/02/11/local-currencies-ithaca_cz_el_money06_0214local.html



Exactly, and by banning the banks they have secured the future of the L$ as such.
Bradley Bracken
Goodbye, Farewell, Amen
Join date: 2 Apr 2007
Posts: 3,856
01-08-2008 14:36
From: Lias Leandros
I am glad I was here to see the tide turn. Keep the pressure on for the demise of adfarmers and un-supervised InfoHubs.


I'm wonder if those screaming foul about this would also be screaming if LL took action against adfarmers. I'm guessing so. The experiment in anarchy hasn't gone so well IMO and the purists aren't liking it.
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Yiffy Yaffle
Purple SpiritWolf Mystic
Join date: 22 Oct 2004
Posts: 2,802
01-08-2008 14:57
From: Carl Metropolitan
L$ are as real as Carl Metropolitan is.

Best forum post ever. XD
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Raymond Figtree
Gone, avi, gone
Join date: 17 May 2006
Posts: 6,256
01-08-2008 15:09
From: Chip Midnight
I doubt that would happen. I've always thought the L$ are similar to community fiat currencies like Ithaca, NY's "Ithaca Hours" and Traverse City, MI's "Bay Bucks." http://www.forbes.com/2006/02/11/local-currencies-ithaca_cz_el_money06_0214local.html

This is good to know. I'm still keeping my SL financial exposure to a minimum though. I don't like how a single blog post is the only warning we get when the rules are changed on us instantly.
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unbonbom Aabye
Registered User
Join date: 8 Apr 2007
Posts: 3
horror....no closed 22 closed day 8 because notice linden
01-08-2008 15:16
the linden is famous.........why?......i buy money linden lab......but if my money in band and the bank no payme money.......linden have my money.......logic........the cuestion is simply......
Rebecca Proudhon
(TM)
Join date: 3 May 2006
Posts: 1,686
01-08-2008 15:20
From: Ciaran Laval
Not a chance, money laundering for a start. Now if we were all ID verified through a secure system, then big RL banks might be interested.



Money laundering? If someone wants to launder money using SL, if anything, keeping L$ ingame would make it harder, not easier. Real money transactions are little different from any online buying and selling from ebay, amazon, Itunes, etc.

Real world business such as a real bank will be interested once SL is secure--but even now they could open virtual branches that link to the regular banking websites.
Alazarin Mondrian
Teh Trippy Hippie Dragon
Join date: 4 Apr 2005
Posts: 1,549
01-08-2008 15:39
I think it's only a matter of time before RL banks such as as Barclays, HSBC, Credit Suisse, etc., set up in SL. There's daily transactions in excess of 1 million US$ daily so it kinda makes sense to see a few banks on the scene. But first the phoney basement banks need to be blown out of the water.
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