August 12, 2003

Making money from virtually nothing

Here. In the "truth is stranger than fiction" category, Julian Dibbell is a full-time Ultima Online merchant, selling virtual things for real money. Some few virtual tycoons make 6 figures a year doing just this. It's the wild west all over again, with a black market economy and no regulation. I predict that the next J.P. Morgan will come out of this space before regulators step in.