Comments on: World Stock Exchange facing legal problems?

By: Legality of virtual stock exchanges - ASIC makes a call : The Metaverse Journal

Legality of virtual stock exchanges - ASIC makes a call : The Metaverse Journal — Fri, 07 Dec 2007 12:03:58 +0000

[...] Nino has written about the legality of virtual stock exchanges, including Second Life’s World Stock Exchange run by Australian Luke [...]

By: Elwood Abernathy

Elwood Abernathy — Wed, 28 Nov 2007 09:31:36 +0000

Luke states “The World Stock Exchange (WSE) is a Fictional Securities Exchange and Banking service developed for educational and entertainment purposes and is not a real life securities exchange and bank.” I think the fictional part was added after the WSE accumulated some real value. Also, I read this to mean that Luke can, at anytime, take any value which “fictionally” exists in the exchange and cash it in for real life United States Currency, to spend as he pleases.
Elwood

By: Elwood Abernathy

Elwood Abernathy — Wed, 28 Nov 2007 09:31:36 +0000

By: Lowell Cremorne

Lowell Cremorne — Tue, 27 Nov 2007 10:46:03 +0000

Thanks for your comment Luke. The story wasn’t alleging you were liable just that you may be facing legal issues i.e. someone making a claim against you.

By: Lowell Cremorne

Lowell Cremorne — Tue, 27 Nov 2007 10:46:03 +0000

Thanks for your comment Luke. The story wasn’t alleging you were liable just that you may be facing legal issues i.e. someone making a claim against you.

By: Luke Connell

Luke Connell — Tue, 27 Nov 2007 10:40:39 +0000

Hello,

Sorry I missed you. Yesterday I had installed the Second Life viewer on the Linux Ubuntu operating system. In the process of using the software for the first time I came across a few challenges and it may have had me as away when I wasn’t even logged into SL.

The World Stock Exchange is not facing any legal issues. The Terms of Service, Disclaimers and Overview clearly state our legal position and clearly explain what kind of service is being provided.

DISCLAIMER: The World Stock Exchange (WSE) is a Fictional Securities Exchange and Banking service developed for educational and entertainment purposes and is not a real life securities exchange and bank. The WSE does not use real currency and only operates using fictional currencies called (Linden Dollars) and (World Internet Currency). Using the Linden Currency is subject to the Terms of Service by Linden Research Inc. located at http://www.secondlife.com and using the World Internet Currency is subject to the Terms of Service by WIC Exchange Pty Limited located at http://www.wicexchange.com.

Users can view our Terms of Service at anytime via this URL: http://www.wselive.com/info/tos

Kind Regards,

LukeConnell Vandeverre

By: Luke Connell

Luke Connell — Tue, 27 Nov 2007 10:40:39 +0000

Hello,

Sorry I missed you. Yesterday I had installed the Second Life viewer on the Linux Ubuntu operating system. In the process of using the software for the first time I came across a few challenges and it may have had me as away when I wasn't even logged into SL.

The World Stock Exchange is not facing any legal issues. The Terms of Service, Disclaimers and Overview clearly state our legal position and clearly explain what kind of service is being provided.

DISCLAIMER: The World Stock Exchange (WSE) is a Fictional Securities Exchange and Banking service developed for educational and entertainment purposes and is not a real life securities exchange and bank. The WSE does not use real currency and only operates using fictional currencies called (Linden Dollars) and (World Internet Currency). Using the Linden Currency is subject to the Terms of Service by Linden Research Inc. located at www.secondlife.com and using the World Internet Currency is subject to the Terms of Service by WIC Exchange Pty Limited located at www.wicexchange.com.

Users can view our Terms of Service at anytime via this URL: http://www.wselive.com/info/tos

Kind Regards,

LukeConnell Vandeverre

By: Smart Lindens for Your Second Life Money » Second Life Financial News

Smart Lindens for Your Second Life Money » Second Life Financial News — Mon, 26 Nov 2007 17:36:12 +0000

[...] SLOz World Stock Exchange facing legal problems? Quote from the site – The Second Life Herald are running a story on the Midas Bank saga, alleging [...]