The second life economy and the Beenz Bubble, homo economicus in virtual life Google review its strategy
Dec 04

Second_life_20_minutes_cover20 minutes, the free newspaper has made its cover on Second Life.
The article is a full page in  french about CASH made on second life. You have a small piece on the CopyBoot that created a riot inside the world. Read more about it on the blog of Nic. You also have an interview of Michel Gensollen, I like his view, he has written an essay called "Les communautés en ligne : échanges de fichiers, partage d’expériences et participations virtuelle" which is really smart.

But the all subject about SL is CASH ! Beenz

I don’t have all the time needed to explain my view on the SL’s economics, but I just want to sahre with you an experience I had in a previous comany called Beenz. Beenz was a reward point program back in the first bubble (they crashed quickly after). I’ve studied the beenz economy with an economist and here are our findings :

The more virtual cash you put in the system, the more transactions are accepted !
So just have more user get the paid option, so they receive Linden Dollar, the fastest you economy will grow (I do not mention incentive like invite a friend for 500L$). It could seems obvious but that says a lot about building an economy based on currency production. In other term it’s very similar to a bubble factory.

Market_reaction_to_beenz_creation

I have a lot more to say … but leweb3 is taking my time, would be happy to follow-on, so if you are interested, just leave a comment it will make a great incentive to accelerate the production of insights !

written by leafar

One Response to “Second Life the sequel…. The beenz experience”

  1. leafar Says:

    I forgot the key stone : economy is about TRUST.
    Trust = Number of transaction too.
    That’s the reason why Copy boot is so dangerous.