Old Wolves with New Faces

Thursday, January 25th, 2007 at 1201

Cor blimey. The almost rabid pace of new posting is almost enough to make my webhost break a small cyber sweat! Three in one month is surely more than the machine can handle, perhaps they need to upgrade it to Vista… It’s fast better stronger, right? 😉

Anyway the point of this post is to bounce people towards the Second Life Scam, which may or may not be true, but if an economist is prepared to sink ten thousand dollars into testing a theory, I’m more inclined to think there’s a little meat on it. Afterall, if there was real money to be made doing it you can bet your arse they’d be staying mum and pouring millions in. The oulook is that Second Life is essentially a cleverly designed pyramid scheme, where only a few participants at the top of the stack are able to extract any reasnoble sums of money in $USD, wheras everyone else is restricted by a withdrawal scheme more squeezing than Paypal’s, which is saying something.

They could, of course, be spreading disinformation to prevent other investors from diluting a rich profit market, but the arguements put forward do seem to make sense.

Damn clever scheme, though.

2 Comment for “Old Wolves with New Faces”

  1. Alex (BadGuy) Said this on

    Hey den actually interesting enough some large media groups here over in the Netherlands are trying to squeeze out money from this whole second life thing —which apparently is huge in my country. I believe there should be some returns in there as they actually organize/stage huge events including alot of artists who with their virtual characters do a concert of some-kind. And they sell hotdogs and what not at that concert. And ofcourse lots more goodies and what not.

    Interesting link though, I don’t have much faith in a ‘scheme’ like second life.

  2. megs Said this on

    Hello. Using this instead of “contact me”. I have used one of your photos to make an avatar for use on my blog (non-commerical, not even widely read). At bottom of this page: http://www.livejournal.com/allpics.bml?user=reabhecc
    Please let me know if you would rather I take it down.

    Thanks! Lovely photos!

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