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Old 05-07-2013, 01:10 PM   #1 (permalink)
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Arrow Updated Second Life Terms of Service

When you log in to the Second Life Viewer today, you’ll be asked to accept an updated Terms of Service. As with any legal document, it’s important to read in its entirety before accepting, but we wanted to highlight one of the changes we’ve made in this update: to 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.

As the official exchange owned and operated by Linden Lab, the LindeX is the best place to buy and sell L$ for use in Second Life. It consistently offers the best rates for both buyers and sellers, and by limiting L$ trading to the exchange we operate, we are better able to protect users against fraudulent activity.

The majority of Second Life users who purchase L$ do so through the Second Life Viewer by clicking on the “Buy L$” button. There will be no change to that function, as these orders are placed directly through the LindeX. Similarly, shopping on Marketplace will not be impacted.

If you haven’t used the LindeX before, check out this Knowledge Base article and the video below for more information:







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Old 05-07-2013, 01:12 PM   #2 (permalink)
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Uh oh. And it begins.
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Old 05-07-2013, 01:15 PM   #3 (permalink)
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So... Does "Not Authorized" mean neither legal nor illegal? Or just flat-out banned? (O.o)
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Old 05-07-2013, 01:16 PM   #4 (permalink)
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"not authorized" ? so that means what? if you trade another way you get sent to the corner?
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Old 05-07-2013, 01:21 PM   #5 (permalink)
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Sounds like some fraud went down and they are covering their behinds so as not to be liable for any losses by saying "don't do that".
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Old 05-07-2013, 01:23 PM   #6 (permalink)
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Third party exchanges are not authorized by Linden Lab and Buying or Selling Linden dollars on third party exchanges are not authorized transactions. Third party exchanges are wholly distinct from both the LindeX exchange and Linden Lab and they have no affiliation with Linden Lab. We do not endorse or otherwise guarantee the legitimacy of the Linden dollar transfers offered on them, and we are not liable for purchases of such Linden dollars. Buying or Selling Linden dollars anywhere other than the LindeX is done so solely at your own risk. If you Buy Linden dollars that are traced to unauthorized credit card activity or other fraudulent activity, we will recoup these Linden dollars from your Account. The only authorized exchange is the LindeX.
Bold mine. Looks like, if you do an exchange with someone they suspect to be a non Lindex exchange carrier... They can just take the monies. LOLWUT? (O.o)
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Old 05-07-2013, 01:23 PM   #7 (permalink)
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8:11 PM (11 minutes ago)

to opensource-dev
Linden Lab has made a change to the Terms of Service - see the blog post at

Updated Second Life Terms of Service - Second Life

If you are a viewer developer, and your viewer includes use of a third party exchange for functions like 'buy L$,' it will need to be changed to use the LindeX instead.
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Old 05-07-2013, 01:24 PM   #8 (permalink)
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Yes, I take it that 'not authorised' means "we're not going to stop other Lindex exchanges, but if you use them and get defrauded don't come crying to us."

Personally, I've always assumed that was their position. Presumably they're now just making it official.
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Old 05-07-2013, 01:27 PM   #9 (permalink)
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Quote:
5.3 There are other exchanges that are operated by third parties on which Linden dollars are exchanged.
Quote:

Third party exchanges are not authorized by Linden Lab and Buying or Selling Linden dollars on third party exchanges are not authorized transactions. Third party exchanges are wholly distinct from both the LindeX exchange and Linden Lab and they have no affiliation with Linden Lab. We do not endorse or otherwise guarantee the legitimacy of the Linden dollar transfers offered on them, and we are not liable for purchases of such Linden dollars. Buying or Selling Linden dollars anywhere other than the LindeX is done so solely at your own risk. If you Buy Linden dollars that are traced to unauthorized credit card activity or other fraudulent activity, we will recoup these Linden dollars from your Account. The only authorized exchange is the LindeX.

Making it more clear that you may use other exchanges at your own risk, but if you buy hot L$, you're boned. (how that fug that would be traced I don't know) I think they are saying any L$ bought through the exchange are guaranteed legit. Except possibly in the case that you were buying them with a fraudulent card on the Lindex.
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Old 05-07-2013, 01:28 PM   #10 (permalink)
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Updated Second Life Terms of Service

"Do it at your own risk, you'll pay the bill if we get screwed."

Sounds fair to me.
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Old 05-07-2013, 03:04 PM   #11 (permalink)
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So, is this just a way for them to bail on the Risk API?
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Old 05-07-2013, 05:29 PM   #12 (permalink)
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So, is this just a way for them to bail on the Risk API?
Pretty much.
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Old 05-08-2013, 11:39 AM   #13 (permalink)
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It looks to me like LL finally got off their collective duffs and started acting on the mountain of ARs they received about the fraudulent L$ exchanges being run.
It probably took a lawsuit from some user to finally get it done.

Sure this hurts the few legit 3rd party exchanges, but overall I don't see this as the big problem some make it out to be.
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Old 05-08-2013, 11:46 AM   #14 (permalink)
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You better ask the Europeans first.
For many .. and i ,mean REALLY many it IS a big problem.
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Old 05-08-2013, 07:55 PM   #15 (permalink)
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I have a certain feeling that the fraudulent "exchanges" will invent other ways to trade (are there really that many black sheep as it was suggested?), while it's only the proper services that cease business.
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