WSJ: Second Life banks in a little bit of turmoil

According to Robin Sidel at The Wall Street Journal, there were 187,000 Second Life avatars in December from the US alone, with roughly that same number coming from the major European countries.  But life is not all rosy for the virtual island paradises given the banking issues that some people are experiencing there according to the article.  Promises of high returns have been met with not much money getting back out.  Check out the article.

I would just add that, in general, if somebody tells you that you’re going to make more than, say, 15% on your money, consider it a risky investment.  I’m surprised that there hasn’t been more fuss over what’s taking place in the Linden-dollar economy.

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Posted on January 23, 2008
Filed Under Business and Commerce, Islands, Technology | Leave a Comment

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