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Originally Posted by Psyke Phaeton  Seems normal. Don't some Estates accept payment by paypal rather than ?
I recall OpenLifeGrid FAQ somewhere saying about an internal economy: "Not Yet" but all the others don't seem to mention it.
My guess is that long term either the will be the standard if LL can keep control of Virtual Worlds, and if not it will be the and then diversifying into multiple foreign currencies perhaps exchanged/traded by PayPal. People could pay a bill via PayPal in their own currency.
There is a small chance someone else will rise up and make a virtual currency but I think PayPal is too entrenched. Ebay sales would happen also but I don't see this as being very mainstream. However this makes me think of Ebay as being used to auction off virtual land or artificially scarce digital items.
Is the L$ going to die? I guess it depends on if the SL database can keep a hold on the popular virtual worlds item storage.
Going even further will you eventually be able to hook up your avatar directly to your bank account like you can with Ebay or PayPal?
It seems harder and harder to see SL as just play and just pretend. Vermont OKs the Creation of Virtual Corporations - GigaOM
And if it is not pretend, how can WSE be pretend? Capital Gains from WSE??
But I digress... |
First I just have to say that I already thought Vermont was Paradise having lived there in RL, this just makes it better
I know that ACS takes PayPal for rent payments, which are large enough to be real money.
This is part of what gave me the idea of an off-grid community paid for by a rental, or even a membership, model rather than a micropayment model.
On the other hand... if LL can solve the micropayment and inventory problems over connecting grids,
SL could persist as a kind of economic core for expanding grids. That has got to be a future worth a lot of money to them.
Would governments tolerate artificial currencies if they became serious business and not just a toy? Could some little island of a country somewhere make itself over as Virtual Currency, Inc.? Could someone like PayPal set up a good micropayment method attached to the avatar? Pennies and Lindens are already on the same order of magnitude anyway. It just needs to be very cheap to do the transaction.
Much to think about!