Second Life has its own linden dollar economy and of course, with a very realistic economical system, there are banks, securities exchanges and other financial companies in the virtual world.

Recently, WSE or World Stock Exchange was hacked by one of their own staff and now it’s recovering and back up! Even if there were a lot of people who did panic on what happened, stocks are going up and starting to be stable again. But what caused the stocks to go low? It is because of people who lost their mind and started to sell their stocks at a lower price and withdraw all their funds from WSE.

Bad for them… they just gave some people (like me) to buy potential stocks for a cheaper price.

Now, Ginko Financial is facing a similar crisis. They were not hacked or anything, it’s just that what happened in WSE affected their capital and their circulation of money. From a daily interest rate of 0.13% before what happened, the rate now is just 0.01%. Way too low! And because of this, people starts to panic and just drain the Financial system more.

I researched about Ginko and found out that around some months ago, 0.01% interest rate is just normal and not a big issue. It’s only recently that they increased their rate to 0.09% up to 0.13%. So is the 0.01% rate just temporary? Yes. Will they recover and stand up again? I think so. There are a lot of ways for Ginko Financial to re-stock their funds. Now that WSE is recovering and their Ad system still running… and all the loans they’ve released, I think sooner or later, everything will be back on track.

Panic is normal. Although, if you’ll think of it rationally, panic will just cause more harm.

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