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Virtual world's supposed economy is 'a pyramid scheme'

As I discussed this type of stuff with a self-fashioned hedge fund manager friend, he determined to sink a more sizable amount into testing the Second Life market. After all, talk about uncorrelated returns. He’d read about Second Life in increasingly more sophisticated business and financial press. The Economist, The Financial Times, etc. All of which touted the large and exponentially growing size of the SL “economy”. So a mere…

CIA Gets in Your Face(book)

The search for better spies led the NCS to set up shop on Facebook, which is used primarily by college students. Every Facebook user has her or his own page, and users can choose to join Facebook “groups,” which can be created by individuals or sponsored by companies as paid promotions. The NCS-sponsored Facebook group was launched on Dec. 19, 2006 and will stay active for two months. The group…

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ATTENTION UNAUTHORIZED ADVERTISERS…

All those who post unauthorized advertisements, trackback links or pingback links for the purpose of advertising or search engine result position placement benefits, hereby grant to Edward Mitchell and Common Sense Technology a royalty free license to all intellectual property contained on the web site to which you have linked beginning from the date your first such unauthorized comment was posted for a period of 75 years. In consideration of…