New World Notes: Bitcoin Owners Buying Over USD$650K in Linden Dollars Per Month on a Single Exchange!

EUREKA FROM PARSONS: "Money Lindering" > Owners Buying Over $650K Linden Dollars / Month one Exchange cw @jonmatonis

Bitcoin may not be used by many people , but here's a very interesting thing: It's being used to buy a lot of Linden Dollars, the official currency of Second Life. Reader Danielle recently pointed us to this very interesting chart of Linden Dollar-Bitcoin transactions on the Virtual World Exchange . If I'm reading it right, 167,629,615 in Linden Dollars were recently exchanged for Bitcoin and vice versa in a single 30 day period -- that's over USD$650,000 at current market rates, per month . On just one third party exchange. (There are others where Bitoin is traded for Linden Dollars, I believe.) Now, this isn't a massive amount of Linden Dollars in the wider scheme of things, since tens of millions worth of L$ changes hands on a monthly basis, but it is significant. Especially because Linden Dollars can and often are bought and sold for US dollars. The tantalizing questio...

Full article: http://nwn.blogs.com/nwn/2012/07/bitcoin-and-linden-dolla...