Troubles in the virtual world

There is an article telling a story of FBI going into SecondLife to investigate gambling taking place inthe virtual world. While it may be entertaining to imagine FBI agents walking around as animated creatures of opposite sex and with wings, I think it rises an interesting question about the relationship between the virtual and and the physical.

As far as i understand this, US is trying to regulate online gambling through controlling financial transactions with online casinos. But things are different for SecondLife because people there are gambling with Lindens (L$), which is the virtual money used in this world. But the issue is getting more complex since there is an entire economy associated with SeconLife and L$ are actually having a market based exchange rate with real money (L$266 = US$1 as of yesterday). So the virtual is actually real, or the other way around.

I am not sure i have enough knowledge about the phenomenon, but i think this is really fascinating. How exactly and are we going to apply regulation from the physical world to the virtual one? Not only we had to deal with concepts of identities, nationalities and geographical boundaries in virtual reality, but now we also have to address the virtual economy and its relation to the real world... Just writing this post and picking at all the statistics of economic activity there amazed me a lot. And there is much more going on there in other virtual worlds, such as WoW and other. This is simply very interesting and even fascinating.

Interests

A few days ago, when Saddam Husein was executed i looked what were the top topics in various online environments (it just seemed to be the only thing in most mainstream US media).

So, the top story in google.news was about Husein, as well as the top tag at technorati's web page. However, when i checked out digg.com, there was no trace of Saddam Husein's execution on the entire first page. Top stories dealt with gadgets and video games. For those who don't know, digg is a website that allows users to rate the relevance/importance of news items. Some view it as the next step in organizing the huge amounts of information we are exposed to.

Frankly, i was surprised. I just wanted to see what were the different versions of coverage of the execution, but i did not expect to find no coverage at all.

So, looking at the surprising results at digg, i thought. Is it an indication of the true priorities of web users in terms of news content? Or it is a unique feature of digg users?Or it is simply that social classification of news doesn't work?

Any thoughts?