1. Nicholas, drive slow on that brand new spanking Mercedes SLR or even better since now you can, get a driver. About the database transfer from Ginko to WSE, you know, databases are volatile and Mercedes rims are known to be expensive.

Posted at 7:45AM on Aug 9th 2007 by starcomber Vig

2. Agreed, there is, as yet, no transparency about how the transfer will take place. There were a few thousand customers, and I'm prepared to give them a little while to sort it all out.

The lottery, I never indulged in. Given the way it was structured it's possible that many of the same names cropped up, because they were the names that played most. It's also possible it was "paying off mates" but I have no idea.

I think it's incredibly unlikely that LL will seize assets and reimburse former customers. They could, but I wouldn't count on them doing so. Their style of governance is way too hands off for such an action - and in cases where it's far easier to see people exploiting their systems to take money from others they don't act, this is a far murkier place.

Posted at 10:58AM on Aug 9th 2007 by Eloise Pasteur

3. I'm open to taking over your bonds if you'd like, Eloise. :D

Posted at 10:59AM on Aug 9th 2007 by Patchouli Woollahra

4. So kind Patch! I did SELLING my bonds, but I'll do a good price for you :p

Posted at 11:00AM on Aug 9th 2007 by Eloise Pasteur

5. 1. The Ginko notice does not indicate how "inventors" can access our World Stock Exchange (WSE) accounts so that we may finally liquidate, nor does the WSE site. This makes me think that Ginko management is simply stalling.

2. It would be an economic drop in the bucket for Linden Labs to make good on the deposits at Ginko and then pursue legal action against those responsible. Seize properties owned by Nicholas Porocarrerpo, et al, for auction to cover the funds.

3. It would be nice to have accountability on the former Ginko lottery, too. It seemed to me that many of the same people won over and over again. What ties did they have to the "bank" and to it's management?

4. I was stupid for believing them. Shame on me. Now all the $L I have is gone and my RL finances won't permit me to buy more.

Posted at 12:54PM on Aug 9th 2007 by Uccello Poultry

6. I just want to comment here that the transfer from Ginko to WSE is not so clear yet. As a Ginko customer, I did not received any personal information yet about this account to be opened on WSE, or anything like that.

You can also get some information and follow-up of the situation on my blog: http://second-life-millionaire.blogspot.com

Posted at 1:58PM on Aug 9th 2007 by JohnLight Raymaker

7. I'm amazed that some folks are saying LL should bail out those who lost money at Ginko. They had nothing to do with the business. Should they bail out people who bought items that didn't work from any SL entrepreneur?

As with other RL concerns such as copyright, the way to resolve this is a suit against the perpetrators, in RL courts. Since there were so many people who lost money, I expect that the former customers can get together a sizeable group to pay an attorney on their behalf.

Posted at 4:20PM on Aug 9th 2007 by Cyn Vandeverre

8. Does anyone understand the implications of a lawsuit against Ginko? If Ginko were to lose such a case this would leave SL open to government regulation...not LL regulation. These people would be screwing us all if they went through with this.

Weren't the "majority" of SLers just calling for LL to stay out of their personal lives?!

Anyway, I'm counting on the same part of the brain that made these people think giving Ginko their money was a good idea to keep them from thinking this through to the point where they could organize to sue. ;)

Posted at 5:10PM on Aug 9th 2007 by SqueezeOne Pow

9. "Does anyone understand the implications of a lawsuit against Ginko? If Ginko were to lose such a case this would leave SL open to government regulation."

I get what you're saying, but it's actually already open to government regulation, just like anything else. It just hasn't attracted the attention of financial regulators yet. And it might be Ginko, or it might be WSE, or it might be something else, but it is, for better or worse, inevitable. I don't know if there would be much chance of success, but I wouldn't advise people not to do it just b/c of the potential for regulation, because that's pretty much a lock anyway.

Comment here on some other problems with a potential law suit:

http://virtuallyblind.com/2007/08/09/answering-question-ginko/#comment-4598

Posted at 8:33PM on Aug 9th 2007 by Benjamin Duranske