« Top 5 Posts Last Week, Including a Memorial to Ebbe Altberg, and a Linden's Virtual Currency Advice to Janet Yellen | Main | Why Understanding Virtual World Economies Is Important For Crafting Real World Policies Today »

Monday, June 21, 2021


Feed You can follow this conversation by subscribing to the comment feed for this post.


When Bitcoin was new, I was mining on a desktop. I had accumulated at least 6 whole BTC. Back then there were dozens of exchanges that would swap fiat in any denomination for L$, or IMVU credits, or Gaia gold, WoW gold, etc. Early days. I personally considered the L$ to be more valuable than BTC (L$-0.004 compared to BTC-0.00000010 if I remember the price when I got in. Don't quote me.). An exchange I was relying on was VirWoX. I would buy L$ with BTC. When I finally sold the last of my whole BTC, I got $60. I thought I got a great deal for play money. Yes, I had my Pizza pie moment. I do try to shrug it off. FinCEN stepped in and wiped out the online game exchanges shortly afterwards. The point of this is that either nations or individuals using BTC as purchacing power aren't thinking too clearly as well. If you must use a crypto for purchases, at least use a stablecoin. Frankly, I could see the likes of the Linden dollar, or IMVU's VCoin, or even Entropia Online's PED being traded as stable crypto on mainstream exchanges like Coinbase.

Joe Guy

Yes but.....

Keep in mind that once we could gamble with L$ then one day the feds visited the LL offices and the next day we couldn't.

The lesson is, respectability means accepting a collar, and some people will not.


For those living outside the US the Linden dollar fluctuates just as much as the US dollar and could not be considered stable any more than the US Dollar is. And with the recent takeover of LL is likely to become more circumscribed not less. The result for many of us non US players is that we either don't spend in SL or have moved to OpenSim muves.

Wagner James Au

"the Linden dollar fluctuates just as much as the US dollar"

You mean because many/most global currencies fluctuate in value related to the US dollar?

Alazarin Mobius

Every time someone talks up cryptocurrencies, I keep thinking back to the Ginko Bank debacle.

Andi Duferense

I used to believe that bitcoin was an extremely risky method to make money. With the use of free crypto signals, I was able to prove that this was not the case. Crypto signals that are trustworthy add to the sense of trust and security. I've already earned a decent profit, and it's just going to become better. It appears difficult to be lost, especially with such an excellent service. It comes highly recommended by me.


A lot also has to do with the >2.1 million virtual products and services available to purchase with L$ through a single in-app SL Marketplacee. Bitcoin has more offerings - however they are spread across a slew of platforms that don't necessarily talk to one-another (except through the blockchain itself). On one end, you have Overstock with a formal interface - and on the other, you have the wild west of Local BTC or ummm, "darker" transactions.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)

Wagner James Au
Dutchie black friday second life 2021
Sinespace virtual world Unity free home
Samsung Edge computing reports NWN
Really Needy Second Life Sims Roleplay HUD
my site ... ... ...