[extropy-chat] NEWS: Virtual cash exchange goes live

[Adrian Tymes]

--- J Corbally <jcorb at iol.ie> wrote:
> Now, if it becomes possible to turn virtual money
> into *realworld* money on 
> an ongoing basis....(outside of Ebay).
> 
> Or should that be "when".

It's a nice theory.  In the past, the game managers
have tended to frown on people turning any real profit
from the games.  These guys may have a chance if they
approach the game owners on a business-to-business
level; they certainly present themselves as an
honest-to-goodness currency exchange, and thus legally
a "financial institution".  If they fail to do so, I
see no reason to expect they will not simply be banned
like their predecessors, and trading (for them) halted
on all currencies within a year.