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Author Topic: Trading Linden$ against Bitcoin  (Read 1813 times)
Luno
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September 13, 2012, 08:15:58 PM
 #1

I know of "the Rock" exchange in Second Life trade Lindens against Bitcoin, but why is it not more popular with other exchanges? Avoiding  "real" currencies would mean less hassle, or am I wrong?  Lindens are quite stable.


 
 
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Russell616
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September 13, 2012, 08:38:10 PM
 #2

There are more people having fiat than lindens.
BTW, Virwox also trades bitcoins and have more deposit options than "The Rock"
Luno
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September 14, 2012, 05:27:05 AM
 #3

I know it's possible to do exchanges, but what I'm asking for is support by the popular trading platforms. The Rock is difficult and low volume. If Intersango or GOX supported it, through their regular interface, it would be nice.


 
 
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paci
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October 29, 2012, 03:56:01 PM
 #4

I know it's possible to do exchanges, but what I'm asking for is support by the popular trading platforms. The Rock is difficult and low volume. If Intersango or GOX supported it, through their regular interface, it would be nice.

Lindens are controlled by Linden Lab, and accepting them for an exchange is like accepting
credit cards or paypal: the risk of chargebacks are very high. Linden Lab can assess Lindens
because they came from "fraudolent" activities and has not to prove or explain anything.

BTW, what's difficult with TheRock? I may help ... :-)

/paci

https://www.therocktrading.com - Bitcoin exchange since 2011 - BTC/LTC/ETH/ZEC/PPC/XRP/EUR/USD - SEPA, OKPAY, Cryptocapital and Ripple gateway!
markm
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October 29, 2012, 04:19:44 PM
 #5

I don't touch Lindens, World of Warcraft gold, Runescape game-currency, Diablo game-currency, EVE Online currency and so on precisely because of that PayPal-like-nature they seem to generally have.

It seems to me that their currency is even worse than bitcoins stored at mybitcoin or bitcoinica because at least one "could have" withdrawn one's bitcoins from mybitcoin or bitcoinica (etc) to the safety of one's own cold-wallet wheres there is no coldwallet possible for these corporate game-currencies. Its like mybitcoin and bitcoinica issuing their own currencies: you know from the outset you don't really own the stuff, that it can be taken away from you arbitrarily at any moment, heck it is even worse than fiat in so many ways!

Such thoughts were why so many players wanted to create blockchain-based game-currencies way back when they came up with UKB, CDN, CZB, UNS, GMC, GRF and NKL: they were smart enough to anticipate that too many large game-companies had given too much bad reputation to game-currencies thus that the radical shift to p2p mode that blockchains seemed to offer was looking like one of the few possible ways that game-currencies might hope to someday try to outlive the bad taste left by the big well known games...

-MarkM-

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