“Linden Lab has updated Second Life’s Terms of Service regarding Linden Dollars, the world’s official currency, in a way that will impact third party sites which exchange L$ for real money or other virtual currency, including Bitcoin. In the new Terms of Service, however: ‘[T]o better protect Second Life users against fraud, the updated Terms of Service make it clear that trading of Linden dollars (L$) on exchanges other than the LindeX, Second Life’s official L$ exchange, is not authorized or allowed.’ The given reason seems strange on its face, because Second Life users have been able to exchange Linden Dollars for real currency on third party sites since 2004.”
http://nwn.blogs.com/nwn/2013/05/linden-dollar-terms-of-service-change.html
Related posts:
Maker Nabs A 3D Model Of Marcus Aurelius With Google Glass
Ohio Lawsuit Seeks To Use Court Precedent To Shut Down Speed Cameras
New Mexico's Torture State
France Moves To Ban Free Drink Refills
WATCH OUT BELOW: S&P 1987 Compared with S&P 2013
MP3tunes and its founder liable for $63 million in EMI copyright suit
The Financial Tale of Two Cities: Detroit and Chicago
How I Lost My $50,000 Twitter Username
International Effort Brings Boost for Bitcoin in Vietnam
Frothing Panic On School Bus Over ‘Power Ranger’ Toy Gun
Historical Opportunity for 21st Century Economics
Japanese Bitcoin Exchange Shuts Down After $723M Stolen
Is ISIS a Real Threat to You?
Bitcoin could be a boon for porn and other high-risk merchants
How to Sell Bitcoins on eBay Without Getting Fleeced? Use FedEx