Saw this today and it got me wondering..

http://www.technologyreview.com/read_article.aspx?id=19193

> Second Life, which was created by Linden Labs 
> <http://www.lindenlabs.com/> of San Francisco, is an online world 
> where players can buy and sell all kinds of goods and services. The 
> game's economy is based on fictional currency, called Linden dollars. 
> But those dollars do have real-world value: players can buy or sell 
> Linden dollars at a rate of about L$270 to $1 on the Lindex market. 
> Second Life's website even boasts that "thousands of residents are 
> making part or all of their real life income from their Second Life 
> businesses."
Imagine building a new virtual world characterized by secure open source 
software, anonymous encrypted access along the lines of Tor 
(http://tor.eff.org), with holographic memory redundancy (distributed 
across participant computers around the globe, say running on virtual 
machines provided by web browsers) such that no single government, gang 
or corporation could feasibly destroy the virtual banks and markets and 
individual identities.  

Perhaps there would be little apparent benefit to those of us in the 
west, where we have relative opportunity and freedom and federal bank 
insurance, but it could be hugely valuable for people in less fortunate 
parts of the world where typical organizing principles involve physical 
force and isolation (or murder) of anyone that might cause trouble.   
Basically any person that felt that things were out of whack in their 
immediate environment could use a secure virtual identity to continue 
with productive work until conditions blew over (e.g. the crazy 
administration left office).   Basically, trade with people that could 
see your virtual track record and benefit from your skills, but who 
would well understand ahead of time they had no way to physically find you.

Just as using virtual hosted operating system (e.g. in VMware) comes at 
an efficiency cost compared to a native operating system, one would 
expect virtual economic life would less efficient than `real' life (e.g. 
having to coordinate to find people in your geographic vicinity to 
convert your virtual money to local currency).   One might even imagine 
cooperating governments to facilitate identity migration (along the 
lines of a defection).   


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