Return of the Mack
It's been a while since my last post. Much like Nobody Fugazi, I've been preoccupied with 1st life concerns. Frankly, there doesn't seem to be much in the way of developments where my areas of interest are concerned.
Monkey Canning has disappeared (the name anyway) and AVC liquidated. WSE 4.0 has been "CO.MI.NG" for some weeks now. Lord only knows what became of Intlibber and ANCAPEX. SLCAPEX is having difficulties making good on the SLW buybacks, but they seem to be trying.
So in my opinion, what I've missed in the last month or so seems to be more of the same. Of course, I'm a relative newbie to SL finance, so the events that led to my joining Y2P that were groundbreaking from my perspective, might be taken as more of the same by more experienced investors. Or perhaps we're in a period of recovery. Or stabilization. Perhaps it has always been thus.
SBP has changed hands again, my fellow AVCIC member Munito Jacobus taking over and rebranding it Penny Blue Association(PBA) - I wish him well. Delicious Demar is no longer on the WSE, but Sarah Nerd's pioneering Real Estate company remains. Despite my personal opinion of the WSE, I must admit that I am curious to see how SNE might fill the gap left by DDE. Similar trends are occurring at VSTEX. With Tizzy and Canning disappearing (again, in name at least), individuals such as Skip Oceanlane and Bart Heart are experiencing remarkable success. Are we experiencing a new era of growth in the virtual exchanges or am I just getting my hopes up? I'll pray for the former, but I won't hold my breath just yet.
Indeed, there is more than one indication that this process isn't anything new, but merely prelude to the same. In the next three months, I wouldn't be surprised if at least one of our current exchanges hasn't disappeared, two or three companies haven't turned out to be a front for one scheme or the other, and at least one familiar face in SL finance will likely start an entirely new exchange.
If you perform a Google search for "Konner McDonnell," you might come across a comment I made on the SL banking ban announcement. In that post I lauded Luke Connell and the WIC. That comment is my single regret where Second Life is concerned. But it serves as a reminder that I've come a long way in a short few months. And I have to wonder -haven't we all?
I suppose that's the question I'm going to be asking myself in the weeks to come. Have investors learned anything since January? How will investor expectations and demands shape the exchanges? My contemporaries in the legal world insist that our quiescence here in the US represents our willingness to do as we are told. Being something of a radical, I will always disagree.
On the other hand, I'm spending my summer working with horses and in construction, both far cries from my intended vocation. At the end of the day I'm absolutely filthy. But I've found that THIS dirt is much, much easier to wash away.
Good to be back. Will write soon. Best to all of you.
KM
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Welcome back, Mack
good to see you posting again. More!!
thanks for the kind words, but Sarah has been running one of WSE's best businesses since the beginning... In fact, she was running one of SL's best businesses when I was first rezzed on a cloudy morning in march 2006. I used to love going to the Angry Ant :-)).
Ok, I don't remember if it was really cloudy or not, but it was for dramatic effect...
I was talking to frageurs Hock today - and he said I totally seemed more relaxed since I left the WSE. Made me realize - it's true!! I don't have to worry that my shareholders are going to be held hostage if I ever decide to speak my mind in this damned metaverse...
And btw - frageurs has made possibly the funniest announcement on the WSE ever!
https://www.wselive.com/research/announcement_detail/3489
In fact, he's getting IM's now asking how he DARES to include personal expenses in his business books.
I think I am going to create a scripted sense of humour and start selling it inworld. I'll make a shitload.
dd
Thanks in return
for the kind regards. My observation that SNE was emerging as a figurehead in the wake of DDE's delisting wasn't based on your respective listing dates. It was based more or less on discussions with investors on the most prominent companies on the WSE (written with a measure of amusement, of course). DDE was, more often than not, one of the 'big three.' That isn't to say that SNE isn't a sound company or a sound investment. My own observations suggest that SNE is probably one of the most stable companies on any exchange, but that it hasn't received as much attention as companies like DDE. Where Sarah Nerd herself is concerned, I'll refrain from analysis. I don't know her very well, but I am impressed by what I have heard.
As to my posting, thanks again. I'm actually debating whether the kinds of blogs I write are suited to Y2P. They're grounded in current events, but are largely exercises in analytical or moral philosophy.
Good luck with the horses
Good luck with the horses. I did that once many summers ago. Work from sunup to midnight, it's exhausting. I always thought I would get trampled by the horses (around 30 of them) because when I would open the stalls in the morning they would only all bolt out at the same time, never one at a time.