How I Spent My Stimulus

Tue, 20 May 2008 22:54:39 -0500

We have yet to get our greedy little hands on our economic stimulus check, but it's been interesting reading about how others have been spending their checks over at How I Spent My Stimulus.

In January, Congress approved $152 billion in economic stimulus checks for millions of American households, intended to boost the economy and avert a recession. Just how this money will be spent remains to be seen. We hope this website helps shed some light on where the stimulus money is going.

Maggie spent $50 of her check on lottery tickets. Too bad she didn't win. How will you spend your check?

Gambling outlawed in Second Life

Wed, 25 Jul 2007 21:46:36 -0500

Jason writes:

Linden Labs just released an update to their terms of service that appears to outlaw most forms of gambling. Specifically mentioned are any activities where currency (Linden or otherwise) is transferred based on games of chance or the outcome of sporting events.

This is huge for a lot of property owners in SL that run large casinos and clubs, as well as all the folks that earn revenue from the happenings at these locations. It's also bound to affect everyone who purchase and sell land, now that land can no longer be used to generate virtual money in this manner.

It's also an interesting example of how first-life regulation is adapting to "virtual" economies. Think about it: is the paper in your wallet or the record in your bank account fundamentally different from the value of the 0s and 1s being created in online activities?

Read the new policy at the official Linden blog.

Previously:
"Get a First Life," spoof on Second Life

BlogCadre - economy

How I Spent My Stimulus

Gambling outlawed in Second Life