'The not appealing bit was the right thing to do, but the not apologising is this Government to a tee. In a world on the verge of a recession, isn't it a rich irony that the booming business isn't even real?ДЄt the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all. All the while, Mark Zuckerberg, the bloke who has already contributed so magnificently to the betterment of the human race here on Earth, pockets it all because you are a sucker.ДЄh, a fool and their money. And I'm assuming virtual mental health care to try and explain how you got yourself wrapped up in this mad rabbit hole. Next, you'll buy a virtual house, a virtual car, and virtual furniture. But the money you give them is real and from this world. The metaverse, by the way, is offering clothing for your avatar. As long as there is opportunity to delude the gullible, there is an industry to be had. There will still be another avenue invented to get you caught up in easy debt. It won't stop the nutters though, they still buy in. Gosh, what a surprise when it all blows up. No regulation, no limits on the number of currencies, a link to crime and third world countries. How they could never see that getting people further into debt wasnвЂ™t going to be a road to riches still fascinates me.Д«ut that was crypto. Those companies that listed have been spanked.

If you haven't followed the BNPL market, it's about to collapse. The same way I called the Buy Now Pay Later (BNPL) frenzy as flash laybuy that simply offered another version of debt and would end badly. The same way I called cryptocurrency as a Ponzi scheme. I raise this because this is just another one of those hair-brained ideas that will collapse in a heap, and I am calling it now. Money is already being used in the metaverse, so does a financial crime get caught up by a police force somewhere? If crime is committed in the metaverse, which it will be, under whose jurisdiction is it policed? Who is charged? And where and what are the penalties? A Minister from a Middle Eastern government the other day called for the United Nations to be involved in the metaverse to oversee crime. In fact, the metaverse as I understand it right now just looks like a cheap game. As I understand the metaverse it will eventually be a place where you live thatвЂ™s so real you may not know where you are, here or the metaverse.ДЄt the moment, as I understand, the metaverse it's just a bunch of avatars, like avatars on games.

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