SL Banks are Toast - Yee Haw!

Your misinformed then, at least 2 of them (JTF and L&L) were transparent, well run and L&L even fought LL successfully to get their money back so I think that it's unreasonable to say that because of Ginko all investments and banks are fraudulent and scams.

I would like to hear if people are having any success withdrawing money from the various banks today...

Also what happens if the WSE does not reopen before the ban takes place?

IBM aren't a bank. Why would any bank bother with SL?

I think LL was very irresponsible in doing this. The only thing I can give them credit for is at least being courteous enough to provide a window to be prepared, unlike the immediateness of the gambling ban.

Were there fraudulent banks in SL? Of course there were! But there are banks that have an honest track record that are now feeling the pinch because of a panic induced by LL's lack of thinking of the consequences. Where was this policy back when Ginko tanked? Where was this back when others tanked? LL turned a blind eye to it all. Like someone else had said, this only punishes the honest because the crooks use loopholes, or have already cashed and dashed.

I think LL made a terrible mistake with this policy and how they are executing it. As a customer of a well known and trustworthy bank, I wouldn't mind it if LL kept close tabs on banks to prevent fraud, but at the same time, I don't want them ruining honest money making opportunities for banks and customers. Drama caused by Jasper Tizzy, Ginko, Investor Allen and etc shouldn't happen again, but killing the patient to get rid of a handful of parasites is simply stupid.

LL, wake up and stop messing around. Think before you act, and act when action is needed, not just because you finally had time to do so between setting up fancy features and developing crashing clients. LL deserves blame instead of praise. So all that is left to make any money now is content creation, stupid HippiePay junk/spam, and camping. Good going LL, you've just created a virtual world of malls containing rehashed stuff, and a welfare system for those with absolutely no talent.

Honoris Causa...
Silverblade Dagger

As I've been saying for awhile, there are a lot of scams out there. That being said it's a shame that trustworthy exchanges like SlCapex/JTF bank are dragged into this since they've been honest and are entirely transparent so they shouldn't have been hit by this dragnet but LL in their general idiocy made it so wide that multi user tip jars are probably against the rules.

LL, wake up and stop messing around. Think before you act, and act when action is needed, not just because you finally had time to do so between setting up fancy features and developing crashing clients. LL deserves blame instead of praise. So all that is left to make any money now is content creation, stupid HippiePay junk/spam, and camping. Good going LL, you've just created a virtual world of malls containing rehashed stuff, and a welfare system for those with absolutely no talent.

I really don't see that LL had any choice, short of setting themselves up as bank regulators. Indeed, given the limitations of SL "accounting", who but LL can actually know enough to judge an institution's transparency for certain?

But I agree that it's sad for those who were honest; I hope they'll find elsewhere to apply that honesty: it's something the supply of which can never meet the demand.

For SL as a whole, though, this was necessary, and an encouraging sign that LL is willing to make the decisions required to protect their creation. I'm sure this must have been difficult for LL management, given their apparent political philosophy; it's good to see them realize that only by being responsible owners can they have more than a game. For that, I'm grateful.

Once again, Chilly Charlton is a pro-illegal-gambling evangelist in a thread that has nothing to do with gambling.
For those not aware, Chilly formerly ran one of the largest casinos in Second Life. Seems like someone is still baawing about not being able to run rigged, illegal casinos in SL.

This from someone who said that his casino was "not about the money." ROFL indeed.

I don't think I am so much misinformed. Instead I just don't agree with you.

Only two weeks left folks!!!! Quick! Bring me your money! I guarantee 60% return on your investment paid before then. I promise. You can trust me.

Once again, Chilly Charlton is a pro-illegal-gambling evangelist in a thread that has nothing to do with gambling.
For those not aware, Chilly formerly ran one of the largest casinos in Second Life. Seems like someone is still baawing about not being able to run rigged, illegal casinos in SL.

This from someone who said that his casino was "not about the money." ROFL indeed.

I think you hit the nail on the head. This is LL's plan. LL needed smart people to come into LL and make money to build the system up. However, smart people do not make good consumers, as they carry over their brains to buying. I know myself that I only withdraw about $100 a month, yet make six to eight times that, and no longer pay into SL at all. I know someone has to pay for all those Lindens, but the folks that pay and the folks that cash out are two different beasts.

Now that LL is desperately trying to attract corporate and large institutions to invest, the smart, small business owner is a liability, rather than an asset. LL's goal is to turn SL mainstream, and that requires making consumerism, not entreprenuership the primary activity. They are slowly bleeding away talent and intelligence to replace it with common mind candy, and those that appeals to. They will spend as much or more, even if at first they are fewer than what is lost. Truely sad watching SL turn RL.

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.

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......

I certainly have nothing to add to THAT.

Do I ask myself a lot of questions? I sure do.

Of all the decisions on banning that LL has made......

This one is PERFECT!!!


Ok, not perfect if you're dumb enough to fall for these scams.


So far, 2008 is looking good for SL!!!

Now we just need VBCode back!

The real risk to the honest banks in SL is pretty much the same as in RL. Someone does or says something that causes a 'run' on the bank, which they have difficulty in filling in the short term.

And in this case it is LL who has done or said something to cause a run on all SL banks - however well run they are.

Matthew