Where fiat currency meets Monopoly money
This is just too weird. Reuters has assigned a reporter to staff a "virtual bureau" tracking developments in "Linden," a fictitious country from an online virtual-reality game called "Second Life." Linden's "real estate" has become such a hot commodity that about a year ago, a player paid $100,000 in real money (well, U.S. currency anyway) to purchase a virtual "space station."
The big story the Reuters correspondent has been following this week is the fact Congress is looking at how to generate real revenue from virtual assets. Ugh.