250 l$ = 90 cents and the SL Depression of '04

And Anshe.. all this talk about hoarding money.. wasn't it you who sold 8 "mio" L$ all at once to IGE? Didn't you profit $36,000.00US off of that? Who are we blaming, again, for the "crash" of the market and the loss of money to -many- players in this game? Suck it up and realize you owned nearly 10% of the world's economy and it's you who has crashed the system.

There is a saying - if you're not growing, you're dying.

The fact is, if the money supply is purely a factor of player population, then devaluation of the L$ currency is because a current accound deficit where investments are being withdrawn from SL.

Why are investments being withdrawn from SL? Why are people taking money out of SL?

It is because there is a lack of investor confidence. People are not creating saleable services or content at the same rate that money is being withdrawn.

I believe this is because SL is creating an atmosphere which is hard to invest in. Simply exposing clearly their plans for SL will create a much more transparent world and will re-attract investor back into the fold.

You hit the nail on the head. A world of Rainbows with a zero cost of production makes competion rampant and rainbow sales pennies on the dollar. Its almost akin to a Socialist Economy.

We need a complete revamp of the system where land is scarce, object creation cost money, and linden dollar supply is tight. If everybody can make a tshirt, then how can you charge a price when somebody else can sell it for less?

A Cost of Production needs to be established. Charge people a "Prim Cost". If you create an object that is 100 prims, you are billed for 100 prims until you sell it and somebody else takes over that prim bill. Then you can implement a system where people can buy prim credits at a standard rate or bulk rate for those who want to create and sell larger and more complex items. Establish a cost of doing business and generate a market based economy. If somebody wants a house with rainbows on the front door, they gotta pay for the prims they use.

Rich people have more stuff, poor people do not. If you don't create a Class Structure and make it so everybody is equal, then you'll always end up in situtations like this. But hey, who am I. The Lindens have all the power and I'm sure they'll listen to the folks who want free land, free money, and free love, peace, and rainbows.


Blue horseshoe loves Anacot Steel

Yay once again we have the alt parade patting themselves on the back in the same thread. One posts an idea, then comes onto the other account and says "Yeah, that is a great idea!".

Your solution to all of this is to drive up the cost of everything, for the sole purpose of ensuring that at the end of the day when you sell off L$, you get more money. How benevolent of you. What you have proposed, Alby, is the economy of There, and we all know how well that turned out. If you added production costs in SL, you would see a huge backlash by creators, since it serves no purpose except to inflate pricing. The vast majority of players do not treat SL as their personal investment, so the only people really concerned about this non-event of a correction in the market are your alts and people who sell off large amounts of L$. :: Yawn :: At least the male stripper spam posts were more entertaining. Hurry up and get Shep to post a thread though so you can have some kind of alt record.

While you're over there Alby, control freak-freak-freaking out, I'll be making some rainbows in the sandbox.

Unlike you, I don't have alts. I only have 1 account, because I don't need to hide myself. And if it upsets the Creators, then ohh well. The upset ones will leave and the ones making money will stay.

Unlike me? Please point out anywhere where I have ever posted with an alt. You want to compare alts? I have had the same alt account since pre 1.2, to offset taxes at the time - the lovely Laquita Maracas. Wow, a whopping 1 alt, that has 0 posts. You have, hmm, 3? I'd gladly name them but it is more amusing for you to pretend like people don't know and watch you post in your own threads. It's very endearing, in a fucked up sort of way.

Long-time residents correct me if I'm wrong, but wasn't there a system similar this in Second Life a little over a year ago? Didn't it tend to stifle creativity, free exchange, and quality content inworld? Cause hording? Militate against free enterprise? Wasn't there a revolt against it?

Serendipity?

we do have that system. currently you buy an allocation of prims. the rental cost of 117 prims is included in a premium account. further prim rentals are available with additional tiers. that is the cost of doing business.

there is a limit to how many industrial age metaphors you can apply to an information age game economy.

Yepper Dono there was.


LoL


Rainbows worked then, as they do now!

You know, your post was mostly in jest, but this might actually work. Imagine if the Lindens posted a thing in the forums saying "Sign up here to design the new highway system!" or "Help us build our new Apartment Sims for landless newbies!" Or whatever. Then, you could get many people in on the project, say 40-70, and then pay them according to how much work they put through or whatever.

Yes, tons of holes in the idea, etc. etc. etc. But it's doable.

LF

It's an interesting idea Alby, and I give you a lot of kudos for thinking outside the box.

However, there is a cost of doing business / production. The R&D required to build a lot of the products that exist is a cost which is spread out over the production. There's a reason, for example, why only one person is selling Texas Holdem Poker tables at the moment. No one else has re-invested the cost of making them.

Or for example, why there is only one horse track. The horse track, btw, is my favorite example of the potential of sustainable development in SL.


Christiano, please stop with the Alt accusations. Simply because two people have similar philosophies or agree on something doesn't mean they are ALTs.

But, let's say for a moment, it is true. Everyone on this thread is just an ALT and you're really the only unique player in SL.

Does that really change anything? Are ideas being debated here any less valid?

Stop worrying about what you have no idea about and talk about what you do know.

And for the record, I don't think anyone on this thread is an ALT of each other. I am certainly not an ALT.

Hi Alby. Version 1.0 called, they want their tax system back.

A "cost of production" in a virtual world such as SL is a dismal failure. Let's take my humble beginnings as a PRIME example before your alts post in unison to disagree with my postings.

Back in version 1.0, there WAS a "cost to produce". Every prim rezzed took $L10 out of your account, until the time that you de-rezzed the prims. On TOP of that, you were taxed weekly depending on how much land and stuff you had in the world.

On paper, it works.. you can only build what you can afford, plenty of space for everyone, the universe is happy.

However. Newbies were essentially pushed out of the building of objects business before they could even begin. When I started my architecture business back then (thanks Beryl), I had to actually request money UP-FRONT before the building was even completed, just to finish the building. How preposterous! I had to have 100% of my costs justified before I could even rez a single cube. This is after a few months of being established in-world, mind you, with several thousand lindens in my account.

Imagine today's newbie, now, with much less average lindens in their account. Were they to start an architecture business, they would need either angel investors (what a mess), significant real $ startup costs (to buy lindens on the GOM), or they can just attend annoying money events for the next 6 months before they can build more than 100 prims.

On TOP of that, they'd most likely have to sacrifice all of their objects in-world, de-rezzed in their inventory, just to start a business.

That's like a construction firm in the real world having to tear down their main office in order to build a client's house.

No, Alby, silly imposed "production" costs are ridiculous in a virtual world where the only cost to production is a few measy bytes of bandwidth. Try another paradigm. Or maybe move to There, so we don't have to listen to your outdated business model ideas.

LF

Plus, we may find a rather large drop in the population. Free content, while creating pressure on prices, does attract people. And people attract more people. It's called a loss leader.

Ehhehehe... Your just too funny. But its not worth my time to try and prove to you that I don't have multiple alt accounts. The only account I have is this one. If you think other people appear to be me, then so be it. But you couldn't be farther from the truth.

Because a bunch of leftist peace, love, and rainbow people ran that system. What you need are some business people. Then it'll work. Hippies don't know how to make money.

My god, just think what it would do to the prim hair market

I call your bluff, Alby. Some of the best and most successful businss people I know are what you would probably call 'hippies', both in RL and SL.

It would make the hair industry millions and keep the garbage off the market.


PS: I forgot to rub it in.. Bush Won!!!!!!!! Muahahahahahahahahahahah

Shush before I put up a wall next to your land. Just for that, I'm never gonna open that sea way.

Threats are so much fun.

Don't make me come over there and kiss you.

Oh yeah, great theory, Alby. Do you even think anything you say through? It s not just about making money. If customers have to pay to rez the item per prim, on top of the cost of buying the item, there goes the market for 200 prim hair, and there goes one of the areas with the most creativity right now. Version 1.2 and the removal of taxes created an interesting change. While we were all severely prim limited land wise, it opened up entirely new avenues for people to develop prim based attachments - hair, shoes, elaborate costumes, etc.. that were financially prohibitive before. You in your infinite wisdom want to just arbitrarily add costs to that, in essence a tax, that will totally stifle that market again. Brilliant plan. And you say you aren't a Democrat!

Come join the Republican Party of Second Life. You might learn something. Like why your party lost the election.

Victory for Bush. Democrats are lost because they didn't follow the Shepherd. Now they have the Devil to Pay. Its a Glorious Day for the "Right" side of America. When you stand for what is "right", you'll always be "right". And like Ole Alby Said, the day of the liberal has passed.

Aww, there you are once again ignoring the majority of a post when someone shows how idiotic you are. Some things never change.