Lab Makes L$ Exchange Announcement

There is a new post on the Second Life™ blog announcing: More Options for Buying Linden Dollars. Quoting: With a credit card, you can purchase L$ on the LindeX using 27 different currencies, including EUR, GBP, JPY, and AUD. If you don’t have a credit card, you can also use PayPal, which can be connected directly … Read more

L$ Exchange news 2013-20

The Linden Dollar Exchanges were demanding the ToS 30 day grace period and staying open. Now the Lab is kicking them out and closing them down. So, much for ToS and the 30-day grace.

ToSThis Agreement may be changed by Linden Lab effective immediately by notifying you as provided in Section 13.4 below; provided that Material Changes will become effective thirty (30) days after such notification. By continuing to access or use Second Life after the effective date of any such change, you agree to be bound by the modified Terms of Service. A “Material Change” is a change to this Agreement which reduces your contractual rights or increases your responsibilities under this Agreement in a significant manner.

13.4 We agree to provide each other with notices in a specified manner.
Linden Lab may give notice to and obtain consent from you by one or more of the following means: through the website at http://secondlife.com, through the Second Life Viewer at or after log-in to your Account, by electronic mail to your e-mail address in our records, or by written mail communication to the address on record for your Account. All notices given by you or required under this Agreement shall be faxed to Linden Lab Legal Department at: (415) 243-9045; or mailed to us at: Linden Lab Legal Department, 945 Battery Street, San Francisco, CA 94111.

So, does this leave room for a lawsuit? Ask an attorney.

Podex CEO Jacek Shuftan told Hypergrid Business reporter Maria Korolov:

I really believed that the new Terms of Service is meant to protect avatars from the risk of fraud. That was my goal as well so I was looking forward to cooperate with Linden Lab. I could not imagine that over one night they would want to destroy our cooperation and everything what I built for 6 years of my virtual life. They did. I believed that they would answer my requests to start discussion. They did not.

Even the AnsheX is closed.

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L$ Exchange Affect

Hamlet has a poll running on New World Notes to get an impression of how many people are impacted by the change in ToS. When I voted 60% were experiencing little to no impact and 19% were experiencing heavy impact. Click over and vote: Survey: Is Linden Lab’s New Policy Forbidding Third Party L$ Exchanges … Read more

Second Life Information

I see from Inara’s Living in a Modem World that Designing Worlds has a new show premiering today. This show it titled: Project Materials You can see the showing at Designing World’s theater:  Designing Worlds Studio at 2 PM SLT (PDT) today Monday, May 13. As always you can see it via web cast on Treat.TV (live) … Read more

ToS L$ Change Update #2

Maria Korolov over on Hypergrid Business is doing an excellent job of tracking events related to the changes in the Linden Dollar exchanges due to the Linden change in ToS. If you need the latest information, I suggest you follow her blog.

The point has come up that the Linden ToS provides for a 30 day window from the time of a change until the day it is enforced. The Lab is telling third party exchanges they must be shut down by Monday morning (5/13).  If they enforce the Monday Morning shut down, that would seem to leave the Lab liable to lawsuits for damages. So, this Monday morning’s shut downs may be a costly mistake.

However, the Lindens do have the capability to shut down non-compliant exchanges. On the Linden side it is just a matter of deciding to and doing it, some clicks on the Linden computer screens.

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ToS L$ Change Update

There is still a huge amount of speculation going on in regard to the ToS change and the Lab’s issuing Cease and Desist emails to those operating L$ exchanges and building viewers that link to third party exchanges.

Linden Dollar Exchange PODEX
Linden Dollar Exchange PODEX

In one thread over on SLUniverse the participants are trying to figure out why third party exchanges are suddenly illegal. They aren’t illegal. But, they do violate the Lab’s ToS… may be. That is where the confusion is, the ToS. 

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