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verney
Fresh Meat
Joined: 08 Aug 2004
Posts: 7
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 Posted: 01/27/07 - 04:56 Post subject:
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Hi, I just recently heard about the whole Second Life thing (yeah, late to catch on, I know), and I'm fascinated by the whole … project, if that's what you call it. What I don't get is how land ownership works. As I understand, it's supposed to work exactly like in the real world, but I don't see how one important difference is incorporated – in the real world, land value is variable, fluctuating. In the virtual one, it's fixed. How does that reflect on intra-world transactions?
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armand
Total Newbie
Joined: 09 Apr 2006
Posts: 10
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Posted: 02/26/07 - 22:34 Post subject:
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Actually, land values do fluctuate in the Second Life world as well. For example, when a new region is to be created, thus increasing the amount of available land, the value of existing land drops significantly.
You can read up more on the subject of Second Life's intricate economics over here:
http://www.dubcc.com/forum/index.php?topic=1323966
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