Weirdland
I'm listening to NPR's Technology Podcast right now.
The most recent roundup talks about a project called "Loveland" where square inches of a property in Detroit are being sold to suckers people around the world with virtual deeds.
At first, I thought that this was cute and quaint, supporting the revival of Detroit one inch at a time.
Then, as I listened to more of the piece, yeah, I agree with the critics who think it's a pyramid scheme and hokey. You're not investing in anything, but handing some dude cash for a slip of paper saying you can come stare at a spot in his yard.
At least with virtual land in Second Life, it's got some level of functionality and utility to it.
A square inch in someone's yard in Detroit is, well, bonkers. And the folks who dump their money into it, lining some dude's pockets for something worth less than server space they can put all sorts of possibilities in, I'd strongly suggest that they get a mental health wellness check soon.
Who would fall for this kind of scam, eh?
Of course, I'm listening to this thing at work, so I'm not quite paying attention... a piece of Girl Scouts selling online... and... hold on... wait... did I miss something in that Loveland piece? I thought... didn't I hear... hold on... rewind... rewind... and...
Rita King is the biggest "landholder" in Loveland, with 1,000 square inches. She works for IBM, and she's an entrepreneur with a firm that helps companies use social media and virtual worlds.King is excited about the project's potential to help the real city in which Loveland sits.
"Because Loveland is physically located in Detroit, it takes those 500 inchvestors, and it ties us to Detroit, which means that the development of Detroit is now of critical importance to hundreds of people who don't live or work in Detroit," King says. "And now I, for one, am starting to look very closely at Detroit, and how can I help Detroit level up along with Loveland in our small way."
O.o
*facepalms*
The world is a very small asylum, man.
Go figure.
How the hell is this an investment?
What's the return?
















