Financial Analyst Calls Second Life a Pyramid Scheme 334
Petey_Alchemist writes "Silicon Valley gossip rag Valleywag is carrying a story about Second Life being a new spin on the old pyramid scheme.
The article, which consists mostly of selections from the report of financial consultant Randolph Harrison, suggests that not only are most people deceived about the amount of money they can make in Second Life, but also about how easily they can withdraw it. It says 'Like the paid promotion infomercials that run on CNBC, sadly SecondLife is a giant magnet for the desperate, uninformed, easily victimized. Its promises of wealth readily ensnare those who can least afford to lose their money or lives to such scam in exactly the same way that real estate investor seminars convince divorcees with low FICO scores to buy houses sight unseen with no money down.'"
But it's a pyramid scheme with... (Score:5, Funny)
Daniel
Ads (Score:5, Funny)
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Problems (Score:2, Funny)
And not ONE cheat code has surfaced yet. I ask you!
Re:Can't the same be said about the stockmarket? (Score:1, Funny)
Thats right. And thats also why I'm putting all my money in Enron!!!! Errr....umm.....you know what...nevermind.
Re:Can't the same be said about the stockmarket? (Score:3, Funny)
But... my barber is wealthy...
Re:Now on computers! (Score:2, Funny)
What we need is a Ponzi Scheme WITHIN second life....I'm going to start offering real estate acquisition courses and start offering all the second life citizens with poor credit financial security in the future.
Then I'm going to take all their fake fake money, and steal it.
and buy more lottery tickets.
Re:Other Pyramid Schemes (Score:2, Funny)
you must be new here!
SL not Pyramid (Score:2, Funny)