Your2ndPlace

Since Luke has failed "Talwyn's Challenge" he has admitted to some intrinsic value in his WICs. By recognizing that the WIC is more than just a game token or a license, and since he has apparent full control of the "currency" (It was pointed out earlier that if he didn't have full control, how could he adjust the exchange rate on the fly), then he is opening himself up to some easily won, imo, lawsuits if anyone wants to pursue, if it is worth it. (Sorry for that extremely long sentence! Where is an editor when I need one!!) I don't think LL would stand in the way of that! In fact I think they would be more than helpful just to be rid of the problems an alternate currency would cause in SL. Alternate currencies with arbitrary exchange rates would make Gambling and ludicrous bank interest rates look like church socials. Isn't one of the reasons for the RiskAPI an attempt to identify money laundering? How would you be able to prevent laundering/fraud with alternate currencies in control of a single or a small group of avatars that do not need to answer to LL for currency exchange operations?

Right now Luke is making Nicholas Portacerro look like the next cannonized saint! Sorry, I guess there already is a Saint Nick!

This may prove to be an interesting development after all. I empathize with the current shareholders in WSE. I do not mean to make light or trivialize your plight.