In August of 2009 I wrote an article on the Linden Currency Exchange for Second Lifeâ„¢. See: XStreetSL Currency Exchange Tutorial and Second Life Currency Exchange Extended. Back then things were a bit different. There was competition in the Second Life money market. The US government has ended that. Now, Linden Lab is the keeper of L$ and the only company officially converting L$ to RL currencies. There are black markets in Lindens and there is a reason they are called black markets.
What has not changed is people not understanding currency or currency markets. Someone in the Answers section of the SL Forum was asking why their Sell L$1/US$1 order had not been completed when other similar orders had been. Continue reading