I come to you today in support of Wise Metaverse, LLC, SLReports.net, JT Financial Investments & Savings, and the SL Capital Exhcange. I plea with you, that during this time of great uncertainty, you listen to my story and form your own opinion.
I have known Arbitrage Wise for a long time, in SL terms. I know an honest, decent human being when I see one. Arb is the cream of the crop.
My business relationship with Arbitrage started around April of last year. He was excited about SL, excited about all the opportunities. He was confident he could build a better Second Life community... and he has.
Perhaps it was because of Arb's extreme honesty, down-to-earth style and willingness to listen, his seeming foresight in all things related to business, and the aura of success that surrounded him that I took a very unpopular chance by selling SLReports.net to him in May. Simply put, I trusted him.
I'm glad I trusted Arbitrage. I watched as he learned every aspect of running a news website, despite his ability to hire a staff so that he didn't have to worry about it. I watched as he took an opaque exchange operated by known scammer, and turned it into Second Life's premier financial market for trading. I watched as idea after idea succeeded, and I watched time after time his willingness to pursue all ideas he thought to be great... despite a few of them meeting deaf ears in the investment community.
I support Arbitrage Wise and JT Financial. I trust Arbitrage based on his long track record of kindness, service, and success. I trust him because he has not once convinced me I should do otherwise, and because his continuing actions do nothing but instill more trust in this jaded, skeptical mind.
I ask that you do the same. At this point in time, there is no reason to panic and make a bad situation worse.
Presently, there is no reason to believe that operation of JT Financial will cease permanently. In addition to having submitted real-world documentation in the hope Linden Lab will spare us their wrath, JT Financial staff are working around the clock pursuing all available legal options to ensure business continues as usual.
Prior to Linden Lab's January 22nd cease-and-desist deadline, deposits will resume at JT Financial... most likely, as with other banks, at a reduced daily withdrawal rate.
So, how can you support and trust JT Financial during this time? Business as usual.
If you trust me now, be mindful that there are an equal number of people out there afraid. They are afraid of losing their money. Let them have it.
Withdraw only what you need. If you don't need it, don't withdraw it. Put your neighbors' fears to rest by supporting their withdrawals with your trust. If you're privileged enough to have a hefty account balance with JT, let is set. Let it collect interest... worst case scenario, you only collect it until the 22nd. But hey, that's 13 more days than everyone else, right?
There is no reason to not trust JT Financial will do everything in its power to ensure your balance is protected. A large, incessant run on JT will compound an already complex, confusing, and frightening situation.
We, the investment and financial communities of Second Life, must band together to support the financial institutions and exchanges that have supported us for so long.
My plea to you today goes out to the other banks and financial institutions in SL, as well. Lend a helping hand to the business owners in our community... support them the best you can... Lindsay Druart of L & L Bank and Trust, Travis Ristow of BCX Bank, Cocky Dagger of the International Stock Exchange, Tyrian Camilo of SL Investors Bank, and all the others that have given so much to us while asking so little.
As someone who watched on through scandals such as the VCE, the Sal Ackland accusations, the Ginko Financial and Allenvest collapses, and through the Midas drama, one thing I can tell you with authority is that a line must be drawn now. It is no longer acceptable to watch on in horror as our fellow Second Lifers exponentially complicate situations and obliterate the possibility of any qualitative resolution.
Do what you must when the banks reopen, but ask yourself this question: are you going to be part of the problem, or the solution?
Thank you for your time.
Xavier Mohr, SLReports.net
