Sell Your Linden Dollars for Bitcoins in Second Life (If You Don't Mind the Long Wait & Losing Value from the Trade)
Turns out you can sell your Linden Dollars for Bitcoin, the virtual currency lots of people talk about (even though few of them use it as an actual currency), from within Second Life, where about 400,000 people regularly use the virtual world's official money. Software engineer Sam Williams documents his experience of doing just that, via the Virtual World Exchange. It's pretty time-consuming:
In order to initiate the transfer, I had to visit one of VirWoX’s terminals inside Second Life, where I deposited L$5,195. That’s me in the image above, with what appears to be some sort of cat behind me... The final step was simply to get the money out of my VirWoX account and into a bitcoin “wallet,” a secure address that acts as my public identity on the bitcoin network. This turned out to be, by far, the most time-consuming step. After downloading the recommended bitcoin client, I needed to wait about five hours for it sync with the network.
And if I'm looking at the current exchange rates right, he lost a few dollars of value in the process: