The Metaverse Journal - Latest Comments in World Stock Exchange facing legal problems?

Re: World Stock Exchange facing legal problems?

Elwood Abernathy — Wed, 28 Nov 2007 04:31:36 -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

Re: World Stock Exchange facing legal problems?

Lowell Cremorne — Tue, 27 Nov 2007 05:46:03 -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.

Re: World Stock Exchange facing legal problems?

Luke Connell — Tue, 27 Nov 2007 05:40:39 -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