I frequently tell people that although 95% of what I speculate upon turns out to be wrong or stupid - or both - 5% has some value. For example, earlier this week, I set out to my colleagues at work a plan to make life on earth less stressful based on changing the earth's gravity. The plan was to establish an international drilling agency that would position deep-drilling wells all over the earth with the sole intention of removing as much of the earth's core as possible. By then shooting all this off into space, we could reduce the mass of the earth, thereby reducing the gravitational field, therefore making everything easier to do.
Although this is logically sound and, given the will, technologically feasible, it probably ends up in the 95% option.
So as a way of trying to get myself back into the 5%, I thought I'd re-post a comment I made in the Second Life Herald two days ago. It relates to the recent acquisition of XStreet and OnRez by Linden Lab:
“Although not an avowed aim of Linden Lab, I note that this move to have more control over the handing of a virtual economy might well be a marketable asset to other virtual worlds. Sticking my neck out a little further, LL may well be positioning itself to operate as a virtual ‘Central Bank.’
Showing posts with label central bank. Show all posts
Showing posts with label central bank. Show all posts
Jan 24, 2009
Subscribe to:
Posts (Atom)
Posts
“Imagine you have created a new virtual world and want to encourage commerce (which is also the same as saying ‘want to make a profit yourself’). What if you could have all the financial transactions handled by a third-party, to whom you pay a percentage on transactions. That would have to be worth thinking about.
“Banking is simply a business like any other. As more virtual worlds appear, they all need to consider how to handle commercial exchange. Rather than have idiosyncratic currencies, imagine having a single currency. That's a nice thing. You might not call it the Linden but whatever it is called, I’d sure like to be the one making it all happen and taking 0.1% of all transactions.
“And if I'd like that, you can bet Linden Lab would too.”