Aug 11
SL Financial News August 11, 2007
Ginko Perpetual Bonds live If you’re determined to cash in your bonds by the way, you’ll get a bad price. The best price currently available is L$0.14/share (this changes quite fast, it was L$0.15/share when I started this article), but there are a limited number of offers at that price. You’d be lucky to realise L$125,000 on 1,000,000 bonds (that’s former savings of L$1,000,000) - that’s 1/8th of the value of your former savings.
Deficits, money supply and the Second Life business cycle Matthew Beller, a former employee of the Federal Reserve who currently works for the Securities and Exchange Commission in Los Angeles, notes that since the middle of 2006, when Second Life’s population really began to take off, Linden has been running a persistent and growing budget deficit within the virtual world’s economy.
Ginko Perpetual Bonds and You The Overview, Trading History and Last 10 Trades are indicators of recent performance. You can tell what the stock is presently worth, and even guesstimate the trend of the GPB based on recent performance. These will be important over time; despite your best efforts it is unlikely you will be able to sell your shiny new GPB because everyone else will be trying to sell. Who will be trying to buy? Likely it will be Ginko Financial itself, and perhaps a few speculative investors. Selling low to speculative investors will not help anyone but it can minimize your losses should GPB fold completely - and it will degrade the value of the bond for others.
Businessweek: Virtual Exchanges Get Real (Updated - Businessweek Article Error caught) “It’s a game,” says Connell, who in the physical world is the managing director of an investment firm called Hope Capital. “You don’t regulate something that’s not real.” He says that what happened to his exchange in recent weeks was an “ethical fraud,” but not a criminal act, because this is all fictional. Others disagree, as participants make real money, even if it’s not much, through these virtual businesses and exchanges.
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