I'm shiocked I mananted to make some change with LindeX

No, seriously. I put in a 7k sell order weeks ago, and didn't check it till last night when I was bout to rent some land. Found out I made about $25 and change. It's on it's way to paypal, maybe I can have a merry christmas after all If I can get some more donations for an AGP card, so I can finally see shiny textures again.

No really, I was just shocked to see that I'd made money. I was expecting a notification or something.

I'm shocked anyone is making anything from LindeX. I placed some of my own money on it about two month ago at what was roughly an average GOM rate. I finally got tired of waiting for it to sell, so yesterday I changed it to be just under the average (inferior) LindeX rate.

Guess what's happening now? You guessed it - the price is dropping even further!


Gosh, this is so much better than the reliable and proven GOM! Thanks Lindens! (/sarcasm)



- Newfie

The average GOM rate that GOM was nowhere near for months?

Well. I don't think I made a mint on it, but every bit helps. I don't sell things because the people that would buy my stuff don't like to pay for anything (like me).

GOM was around 3.00-3.25 for months before LindeX opened.

And months before that, in the exact same fluctuating price range that Lindex is right now.

<3 Lindex. Getting much better action there. I also really like having my tier and premium fees automatically deducted from my cash balance. Linden Lab never even need touch my bank account if I leave enough money in.

ditto that.

It was also at 3.95-4.00 before the whole GOM vs. LL started. Had it not been for the mass panic over LL's hostile usurping of GOM's business, the price wouldn't have reached 3.25 or lower.

Perhaps to clarify - when I said average GOM prices, I meant the average price when things were stable - not the panci-induced plummeting prices caused by LL's deeds.


- Newfie

Interesting rewrite of history - but when exactly was this glory day where the average GOM price was $3.95-4.00? It certainly wasn't any time close to the announcement of Lindex - it had been down for months before that. Many had attributed the drop to the change in the block size on GOM, but it had occured even before that. It's clear that you hate Lindex and LL in this regard, but what you are saying is just not true.

I'm not sure what GOM you were using, but I was consistently able to get my selling prices at 3.95 or better, on a very regular basis. In fact, I remember back before the block size changes it went as high as 5.00/1000L$. Even I dont have realistic expectations to see that value rise again, but I have no qualms about saying that the LindeX has resulted in nothing but a noticable downgrading in service from what GOM offered.



I hate to break it to you, but I dont hate LL in this regard, or any regard. I do however disagree with LL's handling of things in this regard, and have no qualms about stating so. The day that LL can demonstrate that their plan for the LindeX was worth the cost of destroying a relatively stable and already trustworthy competitor, I'll be the first person to pat them on the back. Until that time comes though, I will have no hesitation in saying 'LL, you're not meeting up with your goals, you screwed this one up'.

Newfie,

The L$ price has not been up to $5 in well over a year - at the height of the land craze it was that high, before the land market crashed and the L$ came back down to earth. I am sure we would all love it to go back there, but GOM was no more able to make that happen than anyone else. As far as the 3.95 thing, again, I would love to know when exactly this was - because the L$ took a nosedive even before the Lindex "announcement" by GOM.

What exactly is less service now than you had on GOM, just out of curiousity? I think that LL has done an exceptional job with Lindex, and it continues to get better. I love the fact that it ends up in account credit, as I just use it to pay my tier anyway. I imagine if you were using GOM as some kind of day trading mechanism, than the Lindex might not be ideal for that, but again, GOM decided to close. They could very well be competing right now, they just chose not to. The Lindex cannot possibly be called a failure by any stretch of the imagination.

That all depends in what light one views the events leading up to this point. Mine has always been that GOM was driven out by LL, who wanted in on the action and was willing to resort to monopolistic tactics. However, that part is not really worth debating any more, it's been done for a quite a while.

I'll quite easily admit that the LindeX is near the value that used to be expected on GOM. However, even now it's just barely meeting the most lower expectations of that range. This wasn't the pitch that LL used when pitching the LindeX. It would that it would mean for greater money flow through the economic system and a much more stable market. They simply have not delivered on that promise by any measure.

Based on my own imagintion, it's still very easy to call the LindeX a failure. I hope that some point in the future my opinion will change on that, but as long as it can barely meet GOM standards then it is still an inferior and ultimately a net loss for SL.


- Newfie

...and, once you've set your stuff up for sale, you don't even need to be able to log into SL in order to manage your money.

With GOM/IGE etc. you did have to go pay the ATMs or avatars. Now, you can check sales, convert the profits and pay tier even during an extended absence from a computer running the SL client. Just pop by your local library or any other venue with a public web access terminal and set your excess L$s for sale.

Might make it easier for those on extended military service overseas, or whose circumstances would otherwise have meant they needed a "quick exit strategy" from their SL business (no connection to any previous threads intended )

(Of course, the issue of customer service for whatever you're selling does come in to play too...)

I don't know about what rates in GOM were, because my experience before LindeX was purely as a buyer of Lindens through IGE... and I was actually getting more Lindens for my dollar through IGE before than through LindeX after.

I looked at actually keeping my money in GOM instead of moving it into my account through IGE and putting up with the delay, but the high interest rates GOM was offering actually scared me off keeping any money there. Those kinds of interest rates only made sense if I assumed the currency was heading into a hyperinflationary period.

That hasn't happened, so it's quite possible that LindeX has actually helped stabilise the Linden.