The Linden Dollar, or L$, was a license right, defined by @Linden Labs, in the Terms of Service for @Second Life. As of June 17, 2007 writing, it stated says:

You acknowledge that the Service presently includes a component of in-world fictional currency (“Currency” or “Linden Dollars” or “L$”), which constitutes a limited license right to use a feature of our product when, as, and if allowed by Linden Lab. Linden Lab may charge fees for the right to use Linden Dollars, or may distribute Linden Dollars without charge, in its sole discretion. Regardless of terminology used, Linden Dollars represent a limited license right governed solely under the terms of this Agreement, and are not redeemable for any sum of money or monetary value from Linden Lab at any time. You agree that Linden Lab has the absolute right to manage, regulate, control, modify and/or eliminate such Currency as it sees fit in its sole discretion, in any general or specific case, and that Linden Lab will have no liability to you based on its exercise of such right.

@John Zdanowski authored the above policy and was later called as "the Ben Bernanke of the digital world".

References

1. L$: The (Possibly) Boring Reality, backupbidness.wordpress.com ::embed[https://backupbidness.wordpress.com]{provider=wordpress,type=card}

https://money.cnn.com/2006/12/08/technology/sl_lindex/index.htm

Contexts

• #john-zdanowski