09 Apr '13, 6pm

bitcoins

bitcoins

With all the chatter lately about bitcoin’s surge in value , I figured it was time to try it out for myself. But rather than setting up a “mining” operation to create new bitcoins or investing US dollars, I realized I could transfer some money from one virtual currency into another. As an early user of the virtual world Second Life , I had amassed a few thousand Linden dollars , which is the currency used for transactions within the game. Second Life used to pay basic users a stipend of L$50 a week simply for logging in. Not having used it in years, I was pleasantly surprised to find over L$5,000 Linden dollars sitting in my account, just waiting to be converted into bitcoins. I started the day with L$5,203 in my Second Life account, which is worth about US$20. To move my money, I created an account at VirWoX , a virtual currency exchange originally created to exchange Lin...

Full article: http://qz.com/72277/i-moved-all-my-second-life-linden-dol...

Tweets

#IcyCoffeeTuesdays are here!

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