SecondLife: Interview With Adam Constantineau, Foreign Exchange Trader

I'd found Adam Constantineau through Jill Kearny yesterday. Jill ended up investing in this venture - her comment being: 'It's a new business idea that needed support, plus the chance to make money of course.'

Adam was nice enough to allow me to interview him today. His business, 'The World Currency Exchange', will be opening tomorrow; details of which are below the interview.

Nobody Fugazi: Hi Adam, thanks for your time. I'll just jump right in and get started.

The whole business revolves around trust.... why should people feel safe about dealing with you? (It's what they will ask)

Adam Constantineau:Well, i've been around for a while in a couple of different things. For a start, I co-founded the Citizens Bank a little while back. I decided to leave that to my then partner to pursue the exchange though, but all was well. I used to provide many a loan to poor new SL residents in fact, the question should be - how do i know i can trust the residents? SL residents tend to be of a stronger moral fiber than in real life it seems and I trust the majority.

Nobody Fugazi: So it's all based on mutual trust, then?

Adam Constantineau: Yes, and it's also a matter of the returns.

Nobody Fugazi: Aha. So it's a balance, then . Everyone is asking, "do I trust this guy more than the profit that I can make?" sort of thing.
Ok- well, how does it work for the client?

Adam Constantineau: Well, to explain the process simply, the customer deposits their L$, and we, in return, back their investment as a margin trade. Margin gives us a couple of advantages. The first is for the customer. If they know what they're doing, or can see the future - then they will take advantage of margin trading and make a tidy profit. The second is that margin trading can be a gamble and like any business where there is an element of chance. We take advantage of this, and return a percentage to our shareholders.

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