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Banking and the tragically stupid

I am sure I will take some heat on this, so let me say I’m sorry for your loss … unless you were stupid.

First some full disclosure, I had a Ginko account for a few months, and I left about a month before the crash. I never had more money in there than I cared to loose, after all this was a complete stranger, there were no controls, no government insurance, no information on what was done with the money, or how money was made. So one day I went, hey a complete stranger has my money, mmm, I’ll create an ALT and put my money there, no interest but I control my money. See I bank because if I have it I’ll spend it, kinda like RL, except I don’t ever upgrade the sex bed and penis in RL …. (Thinks about the possibilities) now that this is out of the way, on to the stupidity.

Blogshpere

Ok, yes it is kind of a big deal, but let’s run some numbers. For the sake of argument and easy math (not my strong subject, we will say that there are 500,000 active residents and 1% of them have an account with a bank, that’s 5,000 people, that’s a big number to be sure, but it is 1%. However, it also means that 495,000 of those people weren’t affected. My guess is the number of affected is less than that, many of the people who put money in banks would have pulled out before the ban, after Ginko or not even come back to SL for whatever reason. So Blogshpere, why does this get more digital ink then?

  • Hair and shoes in your ass when you teleport (92% residents
    affected)*
  • Grifers (99% of residents affected 1% are the griefers)*
  • Landbots (a couple of hundred people really screwed over)*
  • Poor Tech Support (20% of residents who make a call, 100%
    of those calling back)*
  • Non-Profit Events (Last nights Make a Wish Auction for example)
  • Amazing builds
  • Neat Places
  • Fantastic People
  • Cool things in general

    * All statistics were made up and have no basis in reality, like a virtual bank

    I could go on but I think you get the point. I’m guessing the reason is some over all pretend sympathy, desire for fantastic headlines, useless insight in to the world of “Virtual Banking with Complete Strangers”(VBwCS) industry, and well everyone else is doing it not me (of course I am in that boat to, hypocrisy can be good for the soul?)

    Business Owners Who Lost Money Because of this

    I need a place to keep my lindens until I get enough to pull them out. Ok first, I want anyone who runs an RL business to let me know if they move their money daily to someone’s house, just until they have enough for the bank, or better yet, just gives it to some guy on the street with a sign that says “Will hold your cash, I’m trust worth and have a website”.

    Oh but the transfer fees you say, well you could create an alt and move it there, and move it out of world in large clumps with no worry of walking around the grid with a large wad of lindens in your pocket. But it doesn’t pay interest you say, well by some strange freak of the RL, my RL bank pays me to keep the money in there, you could move daily, however you want to track your money. But no, we will give it to a VBwCS that is a brilliant solution, they will pay interest, I’ll make tons! However I would point out, that interest only works if you can withdraw your money. Having 1 linden in your pocket is still more than having a million lindens you can’t withdraw. This group I just can’t even get remotely close to generating an itty bitty drop of a tear, this is a bad business decision, and shows a pretty serious lack of judgment, and if you were with Ginko and got screwed again … what can you say other than, please step out of the pixilated gene pool.

    Former Ginko Customers Who Got Screwed

    Ok, let met get this straight, you gave money to a stranger who screwed you, and then you took your money and gave it to a different stranger, who is now screwing you, or about to. One second, going to check the sympathy meter … damn, its pegged at some where below the low temperature of Antarctica and absolute zero, however the stupidity meter is some where around I have a bridge to sell you and trust me I’m from the government I’m hear to help.

    The Bankers

    You little bastards, and why do I hate bankers in the RL? Cause while my money is reasonably safe and secure, you get more out of it than I do … $3.00 ATM fees … get bent! But you know what, the virtual version of you is worse, not only do they screw you in general terms, they just steal your money. You are the underbelly of the economy and honestly haven’t really contributed much other then pain and misery. I know, I Know, you are saying we funded these builds, and sims, and that’s bullshit! You took the money spent it on yours and your friends pet projects and lied about the returns, potential or other wise. You have done more to undermine trust in fellow man that most griefers, at least you can explain them as idiots and script kiddies. How do you explain you? Shallow, greedy, Liars, and Thieves … wait that worked pretty good, but I missed scumbags, con artists, and several word that I’m not allowed too use here. This was straight up fraud and or theft. Each and everyone one of you should be permabaned from SL! I don’t even want to hear about how you will try and make it up to each and everyone, its more bullshit and spin, you are trying to get the best PR you can, so one of the tragically stupid who had their money at your bank doesn’t sue you.

    Investors

    Your next, you’re going to get taken by the exchanges, it will or is happening. Either the exchanges will be shut down, or one day the money will go missing, but a loss is a loss, either way.

    After all of that I feel better, I think that Linden Labs should step up to the plate and get peoples money back, but I think that there is no way to fairly do that, the records are destroyed, or not good. Sometimes a loss is what it is. This whole thing has been the result of failures on every level, and most specifically a failure of common sense by those who have put money in banking system.

    Hmmmm, I wonder how much this will increase griefing at the sandbox

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