Sanding our assholes with 150 grit. Slowly. Lovingly.

Virtual worlds are real-estate scam?

http://www.newsobserver.com/business/story/623781.html

>> "Our virtual world is parallel to the real world. In our parallel universe, it pays to play, and that's what's cool about it," Morrow said.

The payoff comes because players -- such as the guy who bought Heinz Field from Jameson -- are willing to pay real U.S. tender for the right to claim virtual properties online. <<

So there's no infrastructure improvements made by the players in Weblo -- they just dress up a website that describes their holdings, in the hope that someone else will want to pay more for it than they did?
Permalink xampl 
July 2nd, 2007 1:45pm
If I say, "please give me $1000 and I'll give you nothing in return", and then you do, I'm wouldn't be running a scam because I've neither tricked nor decieved you.  But, you would be an idiot who wasted your money.
Permalink s 
July 2nd, 2007 2:14pm
Years ago there was a guy who took out ads in magazines that said something like this:

Send $1 to:

David Hume
PO Box 100
Sarasota, FL 10001

He got over $1 million as a result. A bunch of the people who sent money filed complaints against him because they never received anything back from him. You can imagine his response. It was "Huh? Send them what? What are they expecting." In the end all the investigations cleared him. He never promised them anything at all and they were free agents when they sent him the money, so all was on the level.
Permalink Practical Economist 
July 2nd, 2007 2:58pm
"He got over $1 million as a result"

Sure he did!
Permalink xxxxx 
July 3rd, 2007 2:57pm
It was a reasonably famous case at the time. I remember seeing his ads in the back of Parade magazine and others when I was younger.
Permalink Practical Economist 
July 3rd, 2007 3:56pm
The ad part is believable.
That he got $1,000,000 is not.
Permalink LH 
July 4th, 2007 9:09am

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