[ExI] Mike Lorrey

BillK pharos at gmail.com
Wed Sep 9 09:27:13 UTC 2009

On 9/9/09, Emlyn wrote:
> He seems to be largely or wholly responsible for "Ancapistan Capital
>  Exchange", his details are here:
>  http://www.ace-exchange.com/content/contactus (scroll down to the "RL Contact")



Second Life's popularity disappeared when although their banking
system collapsed in summer 2007.  The banking collapse was a reaction
to Second Life being forced to close down gambling facilities in their
virtual world in July 2007.

In particular, the fact that Second Life allowed real commerce to be
transacted by converting real US dollars to virtual dollars, meant
that everyone started to test commerce in virtual worlds through the
service. For example, several banks invested in major projects in
Second Life, including ING, Wells Fargo, SAXO Bank and Deutsche Bank.

However, several banks also operated in Second Life that were managed
by guys in their bedrooms. These included banks such as Ginko Bank,
run by a Brazilian chap at home.


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