There’s much angst around regarding Linden Lab’s updated terms of service and part of that angst has been caused by Linden Lab not being clear about what they claim to be being clear about. The blog post, seems straight forward enough:
“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.”
That to me sounds like Linden Lab are limiting trading of Linden Dollars to the Lindex, that the likes of Virwox are not allowed and that if I do trade on Virwox, I’m doing something that is not allowed and in breach of the terms of service. However the relevant section of the new Terms Of Service makes no reference whatsoever to trading on third party exchanges being forbidden:
“5.3 There are other exchanges that are operated by third parties on which Linden dollars are exchanged.
Third party exchanges are not authorized by Linden Lab and Buying or Selling Linden dollars on third party exchanges are not authorized transactions. Third party exchanges are wholly distinct from both the LindeX exchange and Linden Lab and they have no affiliation with Linden Lab. We do not endorse or otherwise guarantee the legitimacy of the Linden dollar transfers offered on them, and we are not liable for purchases of such Linden dollars. Buying or Selling Linden dollars anywhere other than the LindeX is done so solely at your own risk. If you Buy Linden dollars that are traced to unauthorized credit card activity or other fraudulent activity, we will recoup these Linden dollars from your Account. The only authorized exchange is the LindeX.”
This suggests that if I purchase Linden Dollars on a third party exchange, I do so at my own risk, which I always thought was the case anyway, but nowhere does it say it’s not allowed and that is rather an important discrepancy which Linden Lab should be looking to clear up because I don’t want to trade on a third party exchange at my own risk and then find my account is in jeopardy because Linden Lab consider it a breach of the Terms Of Service.
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