The trend in all the figures relating to the phenomenon Second Life (SL) has exceeded even the most optimistic forecasts, to the extent that it seems Of course, we are now in the second generation of the Internet. But the interrelationship between SL and the real world (real life o RL) is beyond my imagination. In this virtual world, we can all live together in the form of humanoids (avatars) in search of all sorts of things: young people looking for simple games, fun and leisure, making friends, sex, forums, prostitution, politics, drugs, the economy, art, ghettos, religion, training and education, sectarianism, purchases and rentals of all kinds, finance, etc., etc., etc., etc… in short, life itself. What’s more, all of this is complemented by its own currency, the L$ (Linden dollar) which makes it a Monopoly o Cash flow fascinating and universal. But Let’s explore this further a little more on that last point:
The L$. The current share price fluctuates around 275 L$/US$. There are already banks in SL which pay interest at a rate of 0.10% per day, loans—both usurious and non-usurious—with obvious risks. Also, stock markets in SL which fluctuate, with varying degrees of rigour, between supply and demand, with risks that are also evident. But amidst this apparent financial farce, banks emerge that RL with spectacular venues in various parts of the unfathomable SL. At present, they do not carry out banking transactions in RL, but I suspect that as soon as a way is found to verify the identity of both parties, a whole new world will open up for online banking and, above all, for L$. In exactly the same way that certificates secure transactions in the internet in today’s retail sector online.This opens our minds to endless investment opportunities. Opportunities that will become common practice before most of us realise it, and which legislators will regulate by the time some have become millionaires and many have ruined. At the moment, banks and multinational companies in the retail sector have established themselves in SL without a clear purpose as yet.
It seems as though the employees who have been assigned exclusively to act as avatars to assist other avatars who visit their virtual and extremely creative head offices, are unaware of exactly what their assigned duties are. It is as if these companies were swarming about and dealing with inforautomatically to those interested in their financial services in a light hoping that their authorities will take the first step towards the financial maelstrom that lies ahead. It reminds me of the feeling we might have when we see huge, state-of-the-art facilities that have just been completed, with all the staff in their posts and sporting brand-new uniforms, waiting for the official opening and the ensuing flood of customers. But this time we’re talking about SL, where anything is possible, where the date and time of the opening are yet to be decided, where the market laws established in RL Are they not applicable, or are they? If so, why not?
Here and there we’ll see a island financial, a a virtual and tax haven where banks, tax advisers, investment advisers, loan sharks, philanthropists, estate agents, casinos, NGOs, venture capital firms, family offices, gurus financial institutions, stock exchanges, options markets, futures, commodities, land managers, construction companies, notaries, solicitors, trusts, insurance companies, etc., etc. And all of this – absolutely all of it – is available at SL y RL.
It seems as though the employees who have been assigned exclusively to act as avatars to assist other avatars who visit their virtual and extremely creative head offices, are unaware of exactly what their assigned duties are. It is as if these companies were swarming about and dealing with inforautomatically to those interested in their financial services in a light hoping that their authorities will take the first step towards the financial maelstrom that lies ahead. It reminds me of the feeling we might have when we see huge, state-of-the-art facilities that have just been completed, with all the staff in their posts and sporting brand-new uniforms, waiting for the official opening and the ensuing flood of customers. But this time we’re talking about SL, where anything is possible, where the date and time of the opening are yet to be decided, where the market laws established in RL Are they not applicable, or are they? If so, why not?Here and there we’ll see a island financial, a a virtual and tax haven where banks, tax advisers, investment advisers, loan sharks, philanthropists, estate agents, casinos, NGOs, venture capital firms, family offices, gurus financial institutions, stock exchanges, options markets, futures, commodities, land managers, construction companies, notaries, solicitors, trusts, insurance companies, etc., etc. And all of this – absolutely all of it – is available at SL y RL.
The truth is, it’s all a bit beyond me. It makes my head spin, yet I’m fascinated by it. Perhaps the progression we sense will soon be subject to a controlling and moderating factor that will expose my shortcomings. Legislate SL from RL It will be very difficult, and so far humanity has shown that the internet is essentially about freedom, particularly in its early days. But here we are talking about freedom and L$, a currency that could become the world’s leading currency, although I don’t think the central banks of the Western world will allow that to happen.
What I find exciting and inevitable is that, at least for a while, SL can make many people’s financial dreams come true at the expense of the taxation and current legislation. Although, on the other hand, I find it regrettable that it is also becoming an economic nightmare for others, who will fall prey to scams, abuse and deception that go unpunished and are free from any legislation (just as in real life). But despite all the dire predictions about the internet in its early days, «e pure if moves«, and our reality can no longer be imagined without its virtual counterpart.”.
What I find exciting and inevitable is that, at least for a while, SL can make many people’s financial dreams come true at the expense of the taxation and current legislation. Although, on the other hand, I find it regrettable that it is also becoming an economic nightmare for others, who will fall prey to scams, abuse and deception that go unpunished and are free from any legislation (just as in real life). But despite all the dire predictions about the internet in its early days, «e pure if moves«, and our reality can no longer be imagined without its virtual counterpart.”.Whatever may lie ahead, we too will be there, side by side with other financial institutions, watching one another, eagerly awaiting the imminent day of inaugural madness when we can show the whole of humanity what we are capable of doing with their assets of RL, including their L$.