There is quite some people interest in both Second Life and Bitcoin.
Thing is personally I would not trust you with my Lindens. Besides it's not allowed to sell L$ so your account may be blocked.
Virwox is extremely expensive to use, it's basically a ripoff.
Because you can't deposit L$ anymore you need to withdraw to Paypal (can take 5 days). Then deposit Paypal to Virwox, then buy L$ again, then buy BTC, then withdraw.
Most of these actions cost 4% fee so you will end up with a 10-12% loss.
There must be better ways to get bitcoins for L$. Probably withdraw to Paypal, to regular bankaccount, then buy at coinbase or local webservice.
The point of my object is exactly to make things extremely easy
I've been using SL since 2003, and still have one of the early free accounts that earns 50 $L every week. Guess it's better than mining at this point
What do you use to determine the exchange rate, and how do you move money between $USD, $L, and BTC?
Exchange rate is
bestBuyPrice *
last_all->value at the time of payment
I have a friend who plays a lot and needs L$, so:
- You send L$ to my object
- The object sends the funds to his account
- The object sends the payment data to my server
- The server gets the rate, calculates the resulting amount of BTC to send, then creates the transaction
- The transaction data is broadcasted and sent back to the player (needed for testnet and it seems to be a good idea to do)
- He pays me with fiat when we see each other
As for Linden Labs opinion on it, I'm sure they don't appreciate. But i won't advertise on SL, I don't even write the word Bitcoin anywhere, and the L$ you sent to my object aren't traded for fiat, so I don't think they will react soon.
Even if they do, you'd have received the BTC anyway, so I would be the one screwed.
