Yesterday, I wrote about the Second Life Exchange Commission and the Investment Education Team in Second Life. Both groups have an interest in how trading in Second Life is viewed. Today, I received a note in Second Life from the World Stock Exchange (WSE) about what it going on there, and yesterday the Second Life Capital Exchange (SLCapEx) issued a report announcing that they had surpassed WSE in volume.
The WSE notecard talked about Ginko Financial, Midas Bank and Merlin Investment Bank, all companies that have joined the Second Life Deadpool. Perhaps we need to track the Second Life Deadpool similar to how TechCrunch tracks the technology firm deadpool.
Currently, there are forty-seven companies listed on WSE. When I started trading there, it was around seventy. Between the two dozen that have disappeared from WSE, and another half dozen at SLCapEx, the Second Life Deadpool has plenty of members. This shouldn’t be too surprising. As the TechCrunch deadpool shows, technology companies constantly come and go. In a place like Second Life where the barriers to entry are even less and the potentials for fraud are even greater, the deadpool can get crowded pretty quickly.
This should be a reminder to potential investors. Investing in Second Life companies is highly risky. The WSE notecard tries to remind people this, as has the IET training. Yet WSE goes too far, I believe in stressing the ‘fictional’ aspects of their services and the Linden Dollar. Perhaps there are some exceptions to the companies list, but by and far, these are real companies selling real goods and services. The Linden Dollars that they earn and the Linden Dollars deposited at the Second Life banks can easily be converted into U.S. Dollars. One person I spoke with who lost a fair amount of Linden Dollars when Ginko Financial collapsed had been saving that money to pay for their trip to the Second Life Community Convention. There was nothing fictional about this person or their dashed desires to travel to Chicago.
So, as trading continues to grow in Second Life, so will the Second Life Deadpool. Hopefully investors will become more savvy and invest in companies and exchanges where they are least likely to see their investments end up in said deadpool.
So, everyone has been facebooking me w00t! about the Merriam Webster’s word of the year. If I weren’t so apathetic, I would try to write a blog post using all ten words. (I got three already).
However, as I read through the words I was saddened. Other than ‘facebook’ and ‘w00t!’, these words are all ladened with negativity. I found myself in conundrum about what seems to me a quixotic quest to write a blog post using all these without starting a blamestorming session. (Three more of the words).
Perhaps it gets to the politics of words, or at least how our language is reflecting our views of politicians. Are they Pecksniffian hypocrites? Are they charlatan masters of sardoodledom?
No wonder we are so apathetic. Only the first two words give us anything to facebook w00t! about.
Fiona has been home from school today due to the snow. Kim has been in bed all day due to a bug going around, so it has been a low-key sort of day for me. I finally got around to working on upgrading some sites to Drupal 5.5 today, and, for the first time in about half a year, the number of unread emails in my inbox has dropped to zero. I still have nearly 400 emails flagged for follow up, but that’s another story.
So, to follow up on a few of them, let me link a few different sites worth noting. Somewhere, I stumbled across yet another social network for Second Life users, SLBuddy. So far, it is not compelling.
Ben Smilowitz let me know about the new Disaster Accountability Blog. I’m a big fan of the Disaster Accountability Project, and I’m glad to see they now have a blog.
The GoodNews Network recently pointed to an article in the British Daily Mail about a Bottom-ranked school that shot to top after introducing Harry Potter-themed curriculum. The GoodNews Network often has links to interesting stories and deserves a shoot out of its own. The article about the school is especially interesting for people concerned about why kids don’t read, (They don’t? Harry Potter sales would seem to indicate otherwise), and culturally relevant curricula. The article deserves a post of its own.
There were some other links I wanted to highlight, but they are lost in the shuffle right now. So, back to all the other stuff.
Last night, there was another meeting of the Second Life Exchange Commission (SLEC). Like the previous meeting it was long on contentious discussion, and short on actionable items.
Like the previous meeting, issues of how the SLEC can establish credibility were discussed, with plenty of comments about people needing to check their egos at the door. Unfortunately, no one seems able to check their egos at the door, and SLEC remains mired.
Last week, I mentioned that Chris Angle had declared his candidacy for Congress. I mentioned that he said his website should be up in about a week, and that he said he would send me a copy of his key points of his platform. I noted that I am no longer in the Fourth Congressional district, and that I generally vote Democratic, but I felt it was important to have a lively debate about the issues. When I lasted checked, his website wasn’t up and there wasn’t any coverage of his candidacy that I could find, so let me at least get a little of his positions out there.