Linden Lab® Becomes Virtual (Real?) Bank

Think of the consequences of Snow Crash meeting Cryptonomicon. Second Life, not only the virtual world, but the “safe haven” where transactions can occur (legitimately, since a licensed Linden Lab will be regulated, probably even in more than one country, just like PayPal) in a completely virtual space, using a completely virtual currency, where everybody is as pseudonymous as they wish (we can validate ourselves — but it remains an option), and payments are as simple as right-clicking on an avatar. I think that PayPal and their competitors will have no chance of surviving…

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