Stabilization Of L$

I have to say though without sifting through all these post, the lower the sell value goes, the higher in game prices will get. Because many including myself are trying to cover the overhead cost. I prob won't raise my current prices or old stuff, but anything new will probably end up being slightly higher. The way the market is these days it is kinda forcing designers and land sellers to do that. Have to have Balance somewhere or businesses will start shutting down.

I really don't have a response to this. I don't know what LL did during the first 3 quarters of 2004, but by the time I joined in November, anyone who wanted sizeable land could just hand LL several hundred dollars and open their own sim. No problem. And if someone couldn't afford the entire sim on their own, they either formed land groups or rented out parcels to pay for sim fees. If there was a time this was not in place, I am totally unacqainted with such and to be honest-- based on the claims I've seen in this thread of times I *am* acquainted with-- I can't really credit 3rd party information as accurate observation of the actual situation (no offense intended).

This is the old claim of "gun makers aren't responsible for what people do with guns". After all, they didn't force people to pull the triggers, did they? Or more pointedly, the modern-day argument that cigarette companies shouldn't be liable for the death of smokers. After all, they didn't force people to smoke, did they?

When a company makes a hunting rifle or a handgun, they know those may be used in hunting or even in self-defense. But when they make an AK-47 or a semi-automatic attack pistol, I think it's hard to argue that they're blameless when such are used in criminal activity. They may not have pulled the trigger, but they sure provided the tool for someone else to do so.

The cigarette companies may not have forced people to smoke-- but they sure provided the means and situation by which people could get addicted. They are responsible for so many deaths they can never be excused for their actions.

GOM had no such bad intentions. They were just playing a money game and thought they were offering a service. But in reality, they set up a stock-market model without regulations. History proved what happens in such a situation: the stock market crash of 1929 should have been a very memorable lesson. But rather than learn from that, GOM provided an unregulated tool by which L$-- although a fictitious "monopoly" currency-- gained RL value, and was vastly open to market manipulation. By continuing to promote this tool without inserting the necessary systems to prevent unjust market manipulation, they provided the "gun" by which knowledgeable players could manipulate the market for personal profit.

So no, GOM did not directly influence severe market fluxuations. They just provided others with the tools to do so. GOM didn't personally pull the trigger. They just made the attack rifle and gave it to every trigger happy person on the block. To be totally fair, they didn't mean to. They apparently had nothing but good intentions. But the results are established fact.

And to add the the mess, rather than waiting for LL to establish its trading system and at least letting the market limp along until some form of replacement could be devised... GOM pulls out early, leaving folks like IGE to sell unimpeded at whatever price they want to sell, low-bid on L$ purchases and basically hold the market at their mercy. Sellers can't sell for reasonable amounts, I've seen the L$ as high as $4.45/1000 (depending on what day you visit) and GOMs clients are left in the dust.

This is another one of those "not good" things.

That is part of the problem. You are not looking at enough history of SL and its Economy. If you really want to know what happened, look at the historical graphs that have been posted. You can see a rise and fall of the L$. Upward pressures effect the value just as much as downward pressure might. If you really want to understand the SL economy, you need to look back from about 1.2 forward. Not to be insulting, but your lack of historical knowlegde really makes many of your auguements weak.

I really don't have a response to this. I don't know what LL did during the first 3 quarters of 2004, but by the time I joined in November, anyone who wanted sizeable land could just hand LL several hundred dollars and open their own sim. No problem. And if someone couldn't afford the entire sim on their own, they either formed land groups or rented out parcels to pay for sim fees. If there was a time this was not in place, I am totally unacqainted with such and to be honest-- based on the claims I've seen in this thread of times I *am* acquainted with-- I can't really credit 3rd party information as accurate observation of the actual situation (no offense intended).


GOM had no such bad intentions. They were just playing a money game and thought they were offering a service. But in reality, they set up a stock-market model without regulations. History proved what happens in such a situation: the stock market crash of 1929 should have been a very memorable lesson. But rather than learn from that, GOM provided an unregulated tool by which L$-- although a fictitious "monopoly" currency-- gained RL value, and was vastly open to market manipulation. By continuing to promote this tool without inserting the necessary systems to prevent unjust market manipulation, they provided the "gun" by which knowledgeable players could manipulate the market for personal profit.

And to add the the mess, rather than waiting for LL to establish its trading system and at least letting the market limp along until some form of replacement could be devised... GOM pulls out early, leaving folks like IGE to sell unimpeded at whatever price they want to sell, low-bid on L$ purchases and basically hold the market at their mercy. Sellers can't sell for reasonable amounts, I've seen the L$ as high as $4.45/1000 (depending on what day you visit) and GOMs clients are left in the dust.

The idea that GOM couldn't have possibly survived with LL having its own trading website really to me, doesn't hold water. Now if LL had traded IN-GAME like they announced they were going to.. that might have had a severe effect on GOM (depending on how well LL did their job. Considering the bugs in the rest of the system, GOM would have still had a fighting chance. LOL). But I councelled even in this thread for GOM to hang in their and beat LL at its own game. They didn't. Their choice. Best wishes to them in their new endeavors because they're basically good folk with a great support attitude that seems to be severely missing in SL itself.

However, I also think that if GOM were to reopen tomorrow, they STILL might possibly have a chance at still wrestling the market away from LL.

Also, you seem to not understand the reasons of the 1929 stock market crash. It was not "no regulations" it was over spectulation.

Dnate, throughtout this thread we both have tried to respect each other and not insult one another in our statement of fact, so please don't take this wrong. No insult intended. But all through these posts, one consistent factor I've noted from you is only partial examination of a situation and not looking further into the deeper core. This statement is one such. I've spoken with people who LIVED throught the depression (oddly enough, just today in fact, on that very subject). I studied this in economics courses... and it's pretty much agreed across the board that if the FED has existed then as it does now, the depression wouldn't have occurred. Hindsight of course, but them's the facts.


[quoteI thought you said that GOM was a bad thing for the market, would not having them stop doing what they were doing help the market? You said that the fixed price markets where the way to go, so why now are you bashing GOM for leaving?

Not bashing GOM at all for leaving. That's their decision. Their right to make that decision. What I was bashing was their TIMING. Couldn't they have remained in operation a few more days while LL got its system going? Would it have killed them do to so? What about loyalty to existing customers? If their business model was as successful as you claim, what could it have hurt to stay open another week or two while LL worked out the bugs in their system?

Or even better yet, be ornery and change their business model and compete with LL on a whole different level... just for the fun of seeing which system is more successful.

(of course, doing so DOES take time, a lot of coding and considerable effort, so I can't really blame GOM for not going that route. Understandable).

Hiya Dnate! Boy, things have gotten boring since this thread died down.

I could of course, mention what a sucky system LindeX is turning out to be... but then, that would open up a whole NEW can o'worms.

Why would that happen? I agree, I think that LindeX does suck

You know.. One way inflation might be decreased or reveresed is if the possibility to own land fee was changed to L$ rather then real currancy.