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From User: Decius

Current Topic: Economics

Coming soon: The Metaverse
Topic: Economics 4:13 pm EDT, May 24, 2002

He and two partners are chipping in $300 each to purchase prime real estate on Calypso, Project Entropia's virtual world. And then they'll rent out space in these pixilated buildings to players who want to set up their own in-game stores.

Unless they rename this online world to "The Metaverse", I will have nothing to do with it.

"The whole idea is to get people to work for me. I want to be the head honcho," said Quackenbush, who lives in St. Paul, Minnesota, and pulls 10-hour shifts at the local Ford Ranger plant.

s/honcho/idiot/
s/honcho/moron/
s/honcho/dipshit/

... or someting like that. Pick one, or some up with your own!

I think the "sometimes it just takes an idiot" phenomenon that we saw with Napster in the P2P space has potental to create an interesting situation here. Assorted cypherpunks are going to get to say "I told you so" many times if this takes off. The potental for real crime rocks^H^H^H^H^His really high.

Coming soon: The Metaverse


E*Trade downgrades CEO's pay - Tech News - CNET.com
Topic: Economics 11:24 am EDT, May 11, 2002

"In 2001, Cotsakos pulled in $4.9 million in salary and bonus, according to documents filed with the Securities and Exchange Commission. E*Trade also forgave a $15 million loan to Cotsakos last year, gave him $15.2 million to pay the taxes related to forgiving of that loan, paid him $29 million worth of restricted stock, and contributed more than $9 million toward a supplemental retirement plan.

In that same year, E*Trade posted a loss of $241.5 million, or 73 cents per share."

E*Trade's CEO salary is 30% of their annual loss!!

E*Trade downgrades CEO's pay - Tech News - CNET.com


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