In all the fallout of the Third Party Exchange issue, the LindeX has came under the spotlight and is found to be extremely short of providing the service users crave. There’s no doubt now that Linden Lab are disallowing the use of third party exchanges, Virwox have updated their page to state:
“Linden Lab has recently changed their Terms of Service. Under the new rules, we will no longer be able to offer our service to Second Life residents. Linden Lab insists that our in-world terminals (ATMs) have to be removed.
This means that we can currently not accept Linden Dollars from Second Life or pay Linden Dollars to Second Life. Other virtual currencies are not affected.”
This should really put an end to questions about the blog post contradicting the terms of service, the blog post was correct, use of third party exchanges is not allowed and actions are exemplifying this. However why are people miffed about the end of third party exchanges? The reason is simple, third party exchanges offered a more efficient service with a wider range of payment options. The question therefore is why can Linden Lab not compete?
I’ll give a personal example, this TOS change has left me in a rather large pickle because a transfer to Paypal I was planning via VirWox now can’t take place. Why does this leave me in a pickle? Well that’s my own fault, I wanted to transfer funds before this weekend and was waiting for as much to transfer as possible, by using VirWox I would have been able to do this. However now that I have to use the LindeX, my plans have all gone tits up.
However this isn’t Linden Lab’s fault, it’s my fault because I should know by now that Linden Lab are quite happy to make announcements with no forethought, no warning, no consideration and no respect and as I have long known this, I should make all plans related to Second Life with that in mind, so it’s my fault for forgetting how Linden Lab operate. However the question remains, why on earth do Linden Lab take so long to transfer funds?