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I don't know that I agree or disagree with you yet, but it is definitely an interesting read and good points that you have made (as usual).

There's a bit that I am interested in - and is really my focal point for various reasons, some undisclosed. This focal point is that if a virtual world owner becomes responsible for regulating a currency - even with the disclaimer of 'fictional' - that they themselves may be operating as a bank in some ways, or require regulation in some ways. So it may be a twist that keeps government out.

We like to think sometimes that all of these synthetic worlds exist outside of the real world. They do not. They are tied to the real world in socieconomic and geopolitical ways... and so, maybe Linden Lab did something right, maybe they did something wrong, or maybe it was the lesser of two evils? I am not sure, really, and have to think some more about it...

Second Life Consultant