What protections do Dreamland deed owners have against islands being sold?
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Cristiano Midnight
Evil Snapshot Baron
Join date: 17 May 2003
Posts: 8,616
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11-17-2005 10:56
Anshe,
You said in another thread that you appreciated my interest, and it was topic for another thread. Voila. Since you are so interested in how Ginko is accountable, the same question is now being asked of you. What protections do any land deed owners have against you selling the islands their deed is on without recouping them for their purchase price? It is in no way enforceable for you to pay them, and they have no recourse if you don't - Linden Lab has disavowed responsibility and will not provide refunds of L$ or provide land. Please clarify how your land deed owners are 100% protected.
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blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
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11-17-2005 11:10
What guarantee do you have that you won't die tomorrow of a horrible disease?
None.
However, there are levels of probability, and someone
- You've never met - Offering 72% interest - Giving no information about the money and how its being used
results in a high level of probability of fraud.
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Cristiano Midnight
Evil Snapshot Baron
Join date: 17 May 2003
Posts: 8,616
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11-17-2005 11:14
From: blaze Spinnaker What guarantee do you have that you won't die tomorrow of a horrible disease?
None.
However, there are levels of probability, and someone
- You've never met - Offering 72% interest - Giving no information about the money and how its being used
results in a high level of probability of fraud. Ah but Ginko is being presented as a high risk, high return investment. You just want the high return without the high risk? If you feel it is fraudulent, then don't invest. I am not invested in it and have no desire to. However, this thread is not about Ginko, 'tis about Anshe's backing of the risk that island deed owners take.
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Schwanson Schlegel
SL's Tokin' Villain
Join date: 15 Nov 2003
Posts: 2,721
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11-17-2005 12:02
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Anshe Chung
Business Girl
Join date: 22 Mar 2004
Posts: 1,615
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11-17-2005 13:04
From: Cristiano Midnight Anshe,
You said in another thread that you appreciated my interest, and it was topic for another thread. Voila. Since you are so interested in how Ginko is accountable, the same question is now being asked of you. What protections do any land deed owners have against you selling the islands their deed is on without recouping them for their purchase price? It is in no way enforceable for you to pay them, and they have no recourse if you don't - Linden Lab has disavowed responsibility and will not provide refunds of L$ or provide land. Please clarify how your land deed owners are 100% protected. There is no 100% protection against me scamming land owners. Something that also holds true when it come to protection against Linden Lab scamming us. Practically, however, I highly doubt that Lindens would just watch me sell 100 sims, leave 500+ people screaming and cash out. Compared to Ginko there are some important differences: - My investments are transparent and my profitability known fact. I dare to say that hardly any SL business is as transparent as mine. - My wealth is largely within SL and at any time accessible by Linden Lab - I am not anonymous. - Anyone can call SchuFA and check my RL financial conduct and so on - I don't do unbelievable things like paying 85% interest rates Basically people can verify that the past 33 years I have always been one good girl, acted rational and that same thing applies to all my family. But, theoretically, I might suddenly change and turn into one monster. Just like Philip might suddenly go mad and take down SL. If you think that is likely, nobody stop you from share this thought and warn people.
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blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
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11-17-2005 13:18
It's a good point. If LL suddenly saw a rush of sim transfer orders for dreamland I'm sure they'd ask a couple of pointed questions.
Now, on the other hand, there is absolutely nothing to keep Ginko from just not logging onto SL tomorrow.
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Lordfly Digeridoo
Prim Orchestrator
Join date: 21 Jul 2003
Posts: 3,628
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11-17-2005 13:31
From: Anshe Chung There is no 100% protection against me scamming land owners. Something that also holds true when it come to protection against Linden Lab scamming us. Practically, however, I highly doubt that Lindens would just watch me sell 100 sims, leave 500+ people screaming and cash out.
Actually, I bet they would. Not because they're allegedly in your pockets or whatever, but just because that's what they do in all types of those situations. They just say "well, we're not here to be the police of user's actions", shrug their shoulders, maybe file some paperwork, and be done with it. Lindens != Business Police. As the world grows, it will become even more true. Caveat Emptor and all that. On the other side of the coin, Carpe Diem. LF
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blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
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11-17-2005 13:33
Somehow I doubt they'd stand by and watch their business implode.
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Pendari Lorentz
Senior Member
Join date: 5 Sep 2003
Posts: 4,372
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11-17-2005 13:39
From: blaze Spinnaker Somehow I doubt they'd stand by and watch their business implode. What makes you think someone would not step into Anshe's place as she was on her way out? Hypothetical of course! I'm sure Anshe is not going anywhere. 
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Gabe Lippmann
"Phone's ringing, Dude."
Join date: 14 Jun 2004
Posts: 4,219
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11-17-2005 13:40
From: Lordfly Digeridoo Caveat Emptor and all that. /16/c0/72263/1.html
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Ghoti Nyak
καλλιστι
Join date: 7 Aug 2004
Posts: 2,078
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11-17-2005 13:41
From: blaze Spinnaker Somehow I doubt they'd stand by and watch their business implode. What do you think they'd do? -Ghoti
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blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
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11-17-2005 13:41
No doubt they would. However, I have a hard time seeing LL simply let all those land owners get burned.
They'd probably just put a hold on all the land transfers and turn them into mainland.
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Ghoti Nyak
καλλιστι
Join date: 7 Aug 2004
Posts: 2,078
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11-17-2005 13:44
What owners? Anshecorp owns the sims, all residents there (besides Anshe) are renters.
-Ghoti
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"Sometimes I believe that this less material life is our truer life, and that our vain presence on the terraqueous globe is itself the secondary or merely virtual phenomenon." ~ H.P. Lovecraft
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Tren Neva
Registered User
Join date: 16 Oct 2004
Posts: 619
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11-17-2005 14:54
From: blaze Spinnaker What guarantee do you have that you won't die tomorrow of a horrible disease?
None.
However, there are levels of probability, and someone
- You've never met - Offering 72% interest - Giving no information about the money and how its being used
results in a high level of probability of fraud. I suppose 72% interest a year would be a concern if the value of $1L was 250 times more then what it is now.
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blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
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11-17-2005 14:59
I really hope you're being absurd.
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Tren Neva
Registered User
Join date: 16 Oct 2004
Posts: 619
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11-17-2005 15:01
And I really hope the way you act is just pint up teenage angst.
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blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
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11-17-2005 15:10
1L$ could equal 1/100000 USD.
64,000 USD of investor money is 64,000 USD of investor money.
The yen is equal to 1/100 of a USD, but is probably the second or third most powerful currency in the world.
Exchange rate is meaningless.
It's conversations like this which makes me realise how important it is to protect investors from themselves.
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Sneak Dulce
Mentor
Join date: 17 Sep 2005
Posts: 49
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11-17-2005 15:13
You might just wanna simply goggle the question if an exhange rate affects an interest rate there Blaze, it does matter.
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Athene Mason
The Mink with the most!
Join date: 8 Sep 2005
Posts: 61
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11-17-2005 15:14
Why is everyone always attacking Cheung?
Now granted, I myself have heard the horror stories involved with doing bysiness with her. But I've never seen them. I've never talked to the woman to get her views on what people say about her.
Ms. Cheung is clever, and a business genius. That's really all their is to it. Do you all hate Ansche so much because she did what you could have done, but did it first? She's not the only land baron in SL, you know.
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Gabe Lippmann
"Phone's ringing, Dude."
Join date: 14 Jun 2004
Posts: 4,219
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11-17-2005 15:15
From: blaze Spinnaker It's conversations like this which makes me realise how important it is to protect investors from themselves. Thank goodness you arrived in time! I didn't recognize you without the cape.
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Tren Neva
Registered User
Join date: 16 Oct 2004
Posts: 619
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11-17-2005 15:15
From: blaze Spinnaker 1L$ could equal 1/100000 USD.
64,000 USD of investor money is 64,000 USD of investor money.
The yen is equal to 1/100 of a USD, but is probably the second or third most powerful currency in the world.
Exchange rate is meaningless.
It's conversations like this which makes me realise how important it is to protect investors from themselves. Conversions ARE meaningless IF everyone was putting in their USD valued life savings into SL. For the most part, people are putting in a few bucks. Just like any bank, however, more investment means more payoff. Also, just like any bank, we could very well be hit by a meteorite and explode. Anshe could very well just run away, just like Ginko could. Nothing is stopping anything from happening.
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Nathan Stewart
Registered User
Join date: 2 Feb 2005
Posts: 1,039
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11-17-2005 15:18
Actually no protection at all, the legal sale price is 1us$ which would be shared between all landowners on that estate, as per her website she doesnot offer any guarantee on her linden$ balance and linden labs does not underwrite any business as per their terms and conditions
"As the Community Standards state:
Buyer Beware Linden Lab does not exercise editorial control over the content of Second Life, and will make no specific efforts to review the textures, objects, sounds or other content created within Second Life. Additionally, Linden Lab does not certify or endorse the operation of in-world games, vending machines, or retail locations; refunds must be requested from the owners of these objects."
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Cheyenne Marquez
Registered User
Join date: 19 Sep 2005
Posts: 940
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11-17-2005 16:51
From: Athene Mason Why is everyone always attacking Cheung?
Now granted, I myself have heard the horror stories involved with doing bysiness with her. But I've never seen them. I've never talked to the woman to get her views on what people say about her.
Ms. Cheung is clever, and a business genius. That's really all their is to it. Do you all hate Ansche so much because she did what you could have done, but did it first? She's not the only land baron in SL, you know. You might have answered your own quiery  Now granted, I myself have heard the horror stories involved with doing bysiness with her. But I've never seen them. I've never talked to the woman to get her views on what people say about her.
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Cocoanut Koala
Coco's Cottages
Join date: 7 Feb 2005
Posts: 7,903
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11-17-2005 17:35
From: Athene Mason Why is everyone always attacking Cheung? Now granted, I myself have heard the horror stories involved with doing bysiness with her. But I've never seen them. I've never talked to the woman to get her views on what people say about her. Ms. Cheung is clever, and a business genius. That's really all their is to it. Do you all hate Ansche so much because she did what you could have done, but did it first? She's not the only land baron in SL, you know. I agree wholeheartedly. It's been going on since I've been here. coco
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Tren Neva
Registered User
Join date: 16 Oct 2004
Posts: 619
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11-17-2005 17:39
From: Cocoanut Koala I agree wholeheartedly. It's been going on since I've been here. coco I agree as well, or atleast I did. I have nothing against Anshe, but when her buisness pratice turns into giving her competition a bad name, I feel no need to defend her when it comes around and bites her on the bottom.
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