Bookmaker News

Second Life’s virtual economy is collapsing. Ginko, the virtual investment bank which collects Linden Dollars in Second Life has filed for bankruptcy and is incapable of honouring more than 200,000,000 Lindens deposited by its 20,000 members. This represents a real loss of $US 750,000.

The all-too real bankruptcy of the main virtual bank is directly related to Second Life’s prohibition of all casino games in its virtual universe, and to the nature of its banking activities, which offered returns of above 100%.

Moreover, seasoned observers have revealed the existence of worrying financial practices such as the injection of new Linden Dollars in an attempt to give an artificial boost to its economy !