SL Bank = Ponzi Scheme

I think that Marla has done everyone a huge public service by helping us understand the possible risks involved by investing in these banks. If anyone still feels comfortable with those risks, more power to them. But it is now much more apparant that there are real risks involved, and anyone who reads this will at least be better informed if they decide to invest anyway. Thank you Marla!

If it sounds too good to be true, it usually is.

To answer your original question which wasn't clear who it was directed towards; I am a depositor in two of the banks mentioned and was curious why the OP was attacking them. I use the two banks to park money prior to selling it on the weekends when the exchange rate is the lowest and the size of deposit in each bank is a function of how much can be withdrawn per day. I suspect many business people in SL do the same so we do have a vested interest in the banks staying open. The OP seems to want them closed and I simply asked why. Now I'm curious why you are defending the OP, do you have a vested interest?

Whoops, got to read better next time. And maybe have coffee before posting to the forum, too.

Wow, I sure don't. And I would be surprised if a lot of people who rely on their SL income to pay RL bills do what you do. Anyway, those of us who don't use these banks do have a vested interest. Because when they fail and the people who run them disappear, there will be a lot of frustrated, angry customers who may not stick around in SL afterwards. These ponzi schemes are bad for SL generally, not just the people who use them.

This subject was heavily discussed here by a very smart financial person who I suspect is no longer playing SL. /130/81/103335/1.html

No way would I ever use these banks. Way too risky, it's too much like russian roullette for my tastes.

Well that would explain your need to defend them..
As a citizen of sl it is a concern of mine..
for my defending is simple, the person stated the facts they were black and white. and it seemed you were making an attempt to discount what they said for your gain.. /shrug

nah its probably cause im grumpy and want to attack everyone so my direction might not be clear.. lol

This is a very dangerous comparison. The Linden cannot be called any sort of legal tender and the TOS states that it has not value (unless they changed it recently). If this was not the case, then some transactions that happen in SL would be subject to complicated international tax laws, the illegal gambling and the people that run it in SL could be charged with crimes, along with all the prostitutes/escorts and whatever new terms have been invented for internet whores.


The linden dollar has to remain fake currency with no real value or law enforcement might have a lot of questions.


Also, why is this thread that is slandering businesses still allowed to be open? If someone was slandering other SL businesses that pump more money into economy and sponsor events, it would be removed/locked almost instantly. Glad to see that heavy handed, poorly executed moderation is still working like a well oiled machine.

The Linden has no value, yet LR provides a way to transate between L$ and USD$
The link may not be recognized legaly, but it's still a link nonetheless.
Again, the ToS is prety much only there for LR to cover their butts legally

You can do the same thing with chips in a casino.

I missed that thread. There are some good points brought up there.

Exactly. It's "just investing casino chips" with the possibility of getting money out of it in the end
It's play money, but it still has *value*

Actually, it is very easy to prove that the Linden is Real Money. It's just not Legal Tender.

And I've not seen any court decisions that says virtual businesses are exempt from US or California financial laws.