November 13, 2007
Second Life Credit Card
I came across an interesting article recently about a credit card that is usable in the Second Life on-line world. Apparently, it links to your real life credit card, so purchases made in Second Life would be passed through as charges against your real world credit card. Obviously, there must be merchants who would have to accept these Second Life credit cards.
All this is interesting in and of itself, but, more importantly, it is pretty much a truism that where credit exists insolvency structures will soon follow. Will Second Life come up with its own ways of dealing with insolvencies?
All this is interesting in and of itself, but, more importantly, it is pretty much a truism that where credit exists insolvency structures will soon follow. Will Second Life come up with its own ways of dealing with insolvencies?
Labels: second life
¶ 3:35 PM
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If current practice is any indication, "virtual" debtors in Second Life may have even less protection than that provided by Congress to real debtors. The last time I logged into Second Life (several months ago) I managed to get myself permanently banned from a clothing establishment... no review, no appeal, and no chance of parol.
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