Your2ndPlace

You know, for a while when the IPOs were zinging out of WSE like an induced diarrhea, I was considering an IPO for Your2ndPlace.com. Seriously. Such an IPO would have made my real life much easier for the time and energy invested in the site. So I was looking at my assets, and in redoing a business plan for the site I realized that the fast money was a short term benefit and that I did want a little privacy.

But then, I'm one of those honest fools running around.

I think Ginko Financial is hiding something. I honestly do. But the way in which they are handling it - that they even acknowledged a problem in the first place - is exemplary. That they are working towards a solution, as strange as that solution might seem, is also good. They could have easily absconded with the funds - anyone can.

What is worse - and the really big elephant in the middle of the table which no one speaks of - is that the lack of transparency into Linden Lab's abuse report system is one of the largest risks of Second Life. A person who holds accounts with many people can be arbitrarily banned with NO visible precedent and by the Terms of Service this can be done at any time. That is one of the more interesting issues that Bragg has helped the metaverse with.

So what no one is saying is that Linden Lab itself is the greatest risk to business within Second Life. In the grand scheme of things, if Linden Lab doesn't practice transparency - can we really expect anyone else to convincingly do so?