Abstract:

This article analyzes the “money makes money” pattern and the running environment of “the second life”, which is the typical standard of the virtual world, including the statement of virtual money and the trend to the “virtual golden standard”. It also proves the existence of the second finance by analyzing the relationship of the first finance and the second one. The article puts forward that the government should legislate the virtual property and build up the central bank on the Internet.

Key words: virtualworld, webvirtualmoney, thesecondlife, thesecondfinance, financialcrisis