Archive - Dec 6, 2007

Chris Angle declares candidacy

Yesterday, Chris Angle, 58, of Redding, filed forms with the Federal Election Commission to run for Congress in the 4th Congressional District. Chris will be running as a Libertarian candidate. Chris is a Commodity Trading Advisor (CTA) and in 2004 filed for a patent for a ‘Process for incorporation of exchange traded portfolios (a.k.a. exchange traded funds) into life insurance or annuity policies with an optional principal protection feature’.

His website should be up in about a week and I am expecting to receive a copy of his platform shortly. I spoke briefly with Chris this afternoon and congratulated him on his decision to run. While I traditionally vote for Democrats and for that matter, no longer even live in the fourth congressional district, I was glad to welcome Chris to the race. Our democracy is made stronger by a lively, spirited and respectful debate. I hope that Chris will bring that to the 4th CD race.

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Establishing Trust in the Second Life Financial Markets

A key commodity necessary for the smooth functioning of any market is trust. The less trust, the greater the difficulties. In Second Life, where we only know people by the pseudonyms of their avatars, where we don’t know if someone has an alternative avatar, and where recourse is much less than in other aspects of life, trust is all the more necessary.

Unfortunately, between various scandals, fraud and stupid mistakes, the financial institutions of Second Life are not highly trusted. In order to address this, people banded together to create the Second Life Exchange Commission. It is a noble idea, that so far, has failed to live up to its promise.