Bitcoin Forum

The official bitcoin wiki, in this page (https://en.bitcoin.it/wiki/VirWoX) says that you can buy linden dollars WITHOUT opening an account in second life.
Here's the passage:
"Technically, VirWoX only supports to buy BTC for Linden Dollars. However, you can first buy Linden Dollars for real-world currency, and then buy BTC for your Linden Dollars. It is not necessary to open a Second Life account to do this"

How do I do this?

6.5 year veteran of Second Life here.  I don't see how it would be possible to do this.  Linden Dollar balances only exist on the Second Life servers, tied to an account name.  Even Virwox itself and the Second Life company account (named "Supply Linden") have account names.  To have an account name, you must open an account on Second Life.

Ok thank you, I'm doing it right now.
But is it true that I can deposit my linden dollars in my VirWox account only after 30 days of my avatar creation?


https://en.bitcoin.it/wiki/VirWoX
"Note that due to the restrictions currently imposed via Linden Labs' RISK API, your Second Life avatar must be at least 30 days old to deposit Linden Dollars into an VirWoX in-world terminal"

A.) If you are transferring Linden dollars from someone else, then yes -- you must register an avatar to receive them before you can send them to VirWoX to convert to BTCs.

B.) If you already have Second Life account and just want to sell your SLLs through VirWoX, then you update your VirWoX account with your avatar id, and then use the VirWox terminal in-game to transfer the SLLs to VirWoX.

C.) If instead you are first buying SLLs from VirWox and only using them to buy bitcoins, then it is all handled within VirWoX's ledger.  i.e., SLLs never left VirWox's account.  It is just a book entry.  And thus you don't need to touch Second Life or register an avatar.

It worked.
I got some bitcoins!

thank you!!!

For a time this was the only way to sell bitcoins for paypal in a fully automated way.

I dunno about speculating with linden dollars. They are kept at a sticky price to the dollar by Linden Labs afik by matching the inflation rate.

There are a few cases I've seen where people sell scripts to run on their platform, one guy invented "pets" and sells them, their food, housing and behavior, which is a steady money flow. In a way there Second Life is similar to bitcoin where lots of people with poor economic intelligence fund a few smartasses.

That's true even at therocktrading, the other exchange that let you trade Second Life Lindens for Bitcoin.

You can deposit EURO or USD in different ways, convert them into Lindens and use them to trade Bitcoin.

It probably doesn't make any sense, since you can directly trade EURO or USD with Bitcoin (at therock),
but technically Lindens can stay inside rock or virwox accounts, without the need of a Second Life account.

(BTW, converting FIAT into Lindens into Bitcoin is the only method to avoid using Linden Lab Risk API).

/paci

nice, ty!