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Money Trouble in Second Life (ABC News) 

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Written by Xavier Mohr   
Wednesday, 08 August 2007

By Erica Naone, ABC

Second Life's financial sector is being rocked by a series of upsets that could spell trouble for the virtual economy.

There's a long line of avatars waiting to use the automatic-teller machines for Ginko Financial, a virtual bank in the online game Second Life. For more than a week, account holders have been demanding their money back in what some folks are calling a bank run.

Set off by high interest rates and a recent ban on in-game gambling, the bank run could ultimately have a major effect on the game's economy. The theft of approximately $12,000 from the Second Life World Stock Exchange doesn't help matters either.

READ IT ALL AT:
http://www.abcnews.go.com/Technology/stor...

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Last Updated ( Sunday, 28 October 2007 )
 
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