"I don't view 'Second Life' as a game," said Robert Bloomfield, an accounting researcher at Cornell University in Ithaca, New York. "I view it as a market space."
"The 'Second Life' financial markets have pretty much been unregulated…There are accusations that people are doing everything from questionable behavior to outright fraud."Because Ginko’s virtual collapse had real world implications for Second Life users who paid US dollars for their Linden bucks, Second Life creator Linden Labs no longer allows banks to pay interest on deposits. But financial researchers still have plenty of reasons to examine Second Life and other virtual environments to look at the ways that entrepreneurs and consumers operate in their virtual test tubes. [MSNBC]