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“Our dreams are a second life.” ~Gerard de Nerval

New Second Life TOS: Slap in the Face or Kiss on the Cheek?

by Cat Boccaccio.

You have noticed the new Linden Lab Terms of Service (TOS) agreement if you have logged in recently, and maybe, like me you clicked OK without reading, because addiction. Anyway, it basically says that you can now only purchase Linden dollars through Linden Lab. How that affects the actual exchange between avatars is unclear, but here is the LL post, and a few online blog  and forum discussions links on the topic:

 Linden Lab ‎05-07-2013 10:41 AM – edited ‎05-07-2013 11:55 AM 

When you log in to the Second Life Viewer today, you’ll be asked to accept an updated Terms of Service. As with any legal document, it’s important to read in its entirety before accepting, but we wanted to highlight one of the changes we’ve made in this update: to better protect Second Life users against fraud, the updated Terms of Service make it clear that trading of Linden dollars (L$) on exchanges other than the LindeX, Second Life’s official L$ exchange, is not authorized or allowed.

 As the official exchange owned and operated by Linden Lab, the LindeX is the best place to buy and sell L$ for use in Second Life. It consistently offers the best rates for both buyers and sellers, and by limiting L$ trading to the exchange we operate, we are better able to protect users against fraudulent activity.

 The majority of Second Life users who purchase L$ do so through the Second Life Viewer by clicking on the “Buy L$” button. There will be no change to that function, as these orders are placed directly through the LindeX. Similarly, shopping on Marketplace will not be impacted.

 If you haven’t used the LindeX before, check out this Knowledge Base article and the video … for more information. 

tos 3

I am a skeptic when it comes to Linden Lab, even though I blindly accepted the new TOS without research, but it seems whenever there is a change, the conspiracy people rise up in protest. Maybe LL has an ulterior motive… how bad can it be? Taking more (nonexistent) money out of my wallet? Restricting my LL banking empire? Meh. But for your enjoyment, a few takes on the new TOS. First from the always well researched and thought out, New World Notes:

Did Linden Lab Change Its Terms of Service Around Second Life Currency to Comply With US Treasury Guidelines?

And another blog:

Linden Lab ToS Changes and How they affect Paypal/Credit Payers

And the always fascinating Second Life community forums:

One nasty conspiracy theory regarding the TOS change

Recent TOS changes cripples not just 3rd party L$ exchange, but creators business

So is the new TOS a slap or a  kiss? To the (mostly uniformed) me. it is a bit like a family kiss at a wedding from my Uncle Nick. A bit soft and icky, but harmless. But, when it comes to finances, I am seriously not conversant. Are there any SL money geniuses that can help the rest of us navigate?

Screenshot from Torley’s how to buy guide video.

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About slummagazine

slum magazine is about all things Second Life: art, music, news, reviews, shopping, love and life.

4 comments on “New Second Life TOS: Slap in the Face or Kiss on the Cheek?

  1. Rudy
    May 10, 2013

    They are complying with new government “guidelines” about alternative currencies like bitcoins. A real and viable challenge to the Fed, since it can’t do anything about the rise of the yuan.

    Like

  2. slummagazine
    May 10, 2013

    Thanks Rudy… There is is a new post by Bixyl Shuftan over at Second Life Newser:
    http://slnewser.blogspot.ca/2013/05/new-terms-of-service-could-end-third.html

    ~~Cat

    Like

  3. Eddy
    May 13, 2013

    “soft and icky, but harmless” for you maybe, but NOT so harmless to anyone who lives outside of the USA. For those people, it’s more like a kick in the nuts.

    As for Linden Lab: it’s another way to make more money, just like they ate up Xstreet, they now forced all the other exchanges to close down, “or else”.
    International law calls that: a monopoly (read: good for LL, bad for consumers like us – which is why it is illegal)
    http://en.wikipedia.org/wiki/Monopoly

    Like

    • slummagazine
      May 14, 2013

      I’ve followed the devlopments a bit online, and recognize that having to use LL exchange exclusively might have serious ramifications for those who buy $L. My understanding is that LL had to alter the TOS to comply with new US regulations regarding virtual currency; though it seems LL did so without regard for its impact on residents. I don’t buy $L but am sympathetic to those affected and realize something like this ulimately affects us all.

      ~~Cat

      Like

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This entry was posted on May 10, 2013 by in News and tagged , , , , , , .

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