Thursday, January 25, 2007

2nd life a pyramid scheme??????

Interesting view on 2nd life, however, just A view...

http://valleywag.com/tech/second-life/virtual-worlds-supposed-economy-is-a-pyramid-scheme-230813.php

Linden Lab's virtual world -- a much-hyped online amusement arcade of cartoon porn, avatars of IBM executives and frog bands -- has an annual GDP of about $220m, according to Fortune Magazine's David Kirkpatrick. That's only the size of the economy of Guinea-Bissau, one of the world's poorest countries, but pretty impressive for a virtual economy, no? No. Many transactions within Linden Lab's environment are circular, more akin to stockmarket volume rather than GDP. One would have to take the Benchmark-backed economic ecosystem more seriously if some of the online sexchat workers and other Second Life entrepreneurs could show that their accumulated virtual earnings could truly be converted into real currency. But, as this financial consultant explains, anonymously, withdrawing money from the Benchmark-backed vitual world is about as hard as cashing out of a pyramid scheme.

2 Comments:

Blogger Sebastian said...

Also an option: get a First Life ..

Thursday, January 25, 2007 12:16:00 PM  
Blogger Elka said...

The first private island simulator in Second Life dedicated to online training seminars and conferences.
EduNation

Monday, January 29, 2007 1:54:00 PM  

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