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Title: Entropia Universe is now a bank Post by: Stormwaltz on March 19, 2009, 09:22:33 AM At least according to Sweden's rules. Each user is insured to ~$60,000.
http://hosted.ap.org/dynamic/stories/T/TEC_TECHBIT_ONLINE_GAME_BANKING?SITE=MOSPL&SECTION=HOME&TEMPLATE=DEFAULT Title: Re: Entropia Universe is now a bank Post by: schild on March 19, 2009, 09:27:36 AM I'm intrigued and absolutely disgusted at the same time.
Title: Re: Entropia Universe is now a bank Post by: Nebu on March 19, 2009, 09:48:55 AM ... and the US stock market is a game (especially when the players are leveraging 35 to 1). The irony is rich.
Title: Re: Entropia Universe is now a bank Post by: Lantyssa on March 19, 2009, 10:15:34 AM I had actually been thinking of checking the game out again. It looks like they've done some nice graphics overhauls. Definitely not putting money into it, but I am curious.
Title: Re: Entropia Universe is now a bank Post by: Mrbloodworth on March 19, 2009, 10:33:25 AM At least according to Sweden's rules. Each user is insured to ~$60,000. http://hosted.ap.org/dynamic/stories/T/TEC_TECHBIT_ONLINE_GAME_BANKING?SITE=MOSPL&SECTION=HOME&TEMPLATE=DEFAULT I thought they already had 4 banks backing them, also, i think they are listed as an online casino, not a game, or virtual world. The "Insured" is new to me. Title: Re: Entropia Universe is now a bank Post by: tazelbain on March 19, 2009, 11:01:50 AM Do online casinos normally become banks?
Title: Re: Entropia Universe is now a bank Post by: Tale on March 19, 2009, 11:12:37 AM Anyone for mortgage-backed securities based on virtual assets?
(Edit: hey guys, we could package them up with the real world mortgage-backed securities ...) Title: Re: Entropia Universe is now a bank Post by: HaemishM on March 19, 2009, 02:43:11 PM Goddamnit, do NOT give Wall Street anymore BRIGHT FUCKING IDEAS. :drill:
Title: Re: Entropia Universe is now a bank Post by: Engels on March 22, 2009, 11:23:30 AM LFG for CDO swap & real estate flipping, PST
Title: Re: Entropia Universe is now a bank Post by: Teleku on March 23, 2009, 12:42:22 PM And with relaxed regulation, they can turn themselves into an Investment bank.
I have an Idea! (http://image.guardian.co.uk/sys-images/Film/Pix/pictures/2007/06/27/producers460.jpg) Title: Re: Entropia Universe is now a bank Post by: Mrbloodworth on April 06, 2009, 10:31:11 AM Link is dead.
Title: Re: Entropia Universe is now a bank Post by: Righ on April 07, 2009, 02:34:58 PM Link is dead. AP web articles are only readable on their site for free for one week. http://arstechnica.com/gaming/news/2009/03/real-banking-coming-to-virtual-worlds.ars Title: Re: Entropia Universe is now a bank Post by: HaemishM on April 08, 2009, 12:47:26 PM The scariest part is that Project Entropia is probably more financially stable than Citigroup these days.
Title: Re: Entropia Universe is now a bank Post by: Teleku on April 08, 2009, 12:54:06 PM I bet they still ask for a bailout.
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