Second Life Forums Archive - WSE Closed!

Raymond Figtree

Gone, avi, gone

Join date: 17 May 2006

Posts: 6,256

01-04-2008 09:36

From: Rockwell Ginsberg

Ha.

Oh yea of little faith in unregulated, uninsured fictional stock markets.

_____________________

Read or listen to some Eckhart Tolle. You won't regret it.

Egon Rothschild

Never Enough Prims

Join date: 22 Apr 2006

Posts: 556

01-04-2008 10:11

From: Gordon Wendt

People expect the exchanges to do the impossible, there is no regulating body in SL for exchanges other than resident run ones that are flimsy at best, the honest exchanges do the best they can but apparently that isn't enough for some people who are unsatisfiable and blame the exchanges for things beyond their control like the lack of regulation.

i personally lack any sympathy for ppl "investing" in and then getting burned by any of these in-game pseudo-financial schemes but ...

is it only me whose head spins while reading this?

the "lack of regulation" is "beyond their control"?

wouldn't an HONEST business model (instead of "the best they can"

be some sort of self-regulation?

_____________________

“If you talk to God, you are praying. If God talks to you, you have schizophrenia.”

Desmond Shang

Guvnah of Caledon

Join date: 14 Mar 2005

Posts: 5,250

01-04-2008 11:05

From: Raymond Figtree

All WSE Account Holders will earn a bonus 25% p.a. interest during this process.

What exactly does this mean?

_____________________

Steampunk Victorian, Well-Mannered Caledon!

Rockwell Ginsberg

Boss

Join date: 3 Oct 2006

Posts: 560

01-04-2008 11:09

So people who actually leave cash with Luke earn 19.95% annualized, paid weekly I believe. How he affords this (given the decreasing trading volume and hence decreasing commissions), I do not know. So now, people are either earning 25% annualized or 45% annualized. Either way, it stinks.

Snowman Jiminy

Registered User

Join date: 23 Dec 2007

Posts: 424

01-04-2008 11:20

From: Broccoli Curry

Our motto... "Join the vegetables, invest in the Bank of Broccoli".

You know you want to...

Do we get melted cheese on our investments? Although I would prefer a fish with some white wine sauce....

_____________________

ObiJan Proost

Registered User

Join date: 4 Aug 2006

Posts: 1

A project managers thoughts...

01-04-2008 11:23

From: Rockwell Ginsberg

a phase of development that requires the WSE to close all trading and transactions for up to 30 days.

Calling BS on this!

Was the new version of the system developed and tested before making this announcement?

If yes:
then no way a switch-over would take 30 days. Anything over 24h would indicate incompetence.

If no: then they don't know the first thing about project planning. Its also impossible to predict for them if the new system will take 3 days or 200 days to implement. The 30 days is totally made up.

Note that I am not making any claims about the actual trustworthiness about the entire enterprise. Others will undoutably debate that at length. Fact is that the announcement does not compute, purely mathematically.

Rockwell Ginsberg

Boss

Join date: 3 Oct 2006

Posts: 560

01-04-2008 11:25

From: ObiJan Proost

Calling BS on this!

Was the new version of the system developed and tested before making this announcement?

If yes:
then no way a switch-over would take 30 days. Anything over 24h would indicate incompetence.

If no: then they don't know the first thing about project planning. Its also impossible to predict for them if the new system will take 3 days or 200 days to implement. The 30 days is totally made up.

Note that I am not making any claims about the actual trustworthiness about the entire enterprise. Others will undoutably debate that at length. Fact is that the announcement does not compute, purely mathematically.

Very good point!

Egon Rothschild

Never Enough Prims

Join date: 22 Apr 2006

Posts: 556

01-04-2008 11:27

"we are truly sorry that our clients were screwed out of ... errr ... lost ... that's it... LOST ... their investments. it's not OUR fault. no one regulated us."

_____________________

“If you talk to God, you are praying. If God talks to you, you have schizophrenia.”

Colette Meiji

Registered User

Join date: 25 Mar 2005

Posts: 15,556

01-04-2008 11:38

From: Egon Rothschild

"we are truly sorry that our clients were screwed out of ... errr ... lost ... that's it... LOST ... their investments. it's not OUR fault. no one regulated us."

Yeah .. sad but that is how they are.

Snowman Jiminy

Registered User

Join date: 23 Dec 2007

Posts: 424

01-04-2008 11:39

From: Colette Meiji

Yeah .. sad but that is how they are.

A virtual collapse in the market.....?

_____________________

Colette Meiji

Registered User

Join date: 25 Mar 2005

Posts: 15,556

01-04-2008 11:44

From: Snowman Jiminy

A virtual collapse in the market.....?

the entire SL "Financial World" is a house of cards built on table made of eggshells.

Egon Rothschild

Never Enough Prims

Join date: 22 Apr 2006

Posts: 556

01-04-2008 12:09

... sitting on a block of melting ice

_____________________

“If you talk to God, you are praying. If God talks to you, you have schizophrenia.”

Colette Meiji

Registered User

Join date: 25 Mar 2005

Posts: 15,556

01-04-2008 12:12

From: Egon Rothschild

... sitting on a block of melting ice

... in the summer.

Darien Caldwell

Registered User

Join date: 12 Oct 2006

Posts: 3,127

01-04-2008 12:21

From: Colette Meiji

... in the summer.

and I'm holding a hair dryer on it...

_____________________

William13 Enoch

Registered User

Join date: 14 May 2007

Posts: 100

01-04-2008 12:43

From: Darien Caldwell

and I'm holding a hair dryer on it...

Watch out for for puddles

Darien Caldwell

Registered User

Join date: 12 Oct 2006

Posts: 3,127

01-04-2008 12:50

hehe, will do

_____________________

HoneyBear Lilliehook

Owner, The Mall at Cherry

Join date: 18 Jun 2007

Posts: 4,500

Omg

01-04-2008 13:40

I just know that this is because my former husband and his current girlfriend went in on Tuesday and robbed the WSE at gunpoint!

(True story)

_____________________

Virtual Freebies now has its own domain!
URL=http://virtualfreebiesblog.com

The Mall at Cherry Park - new vendors, new look!

Egon Rothschild

Never Enough Prims

Join date: 22 Apr 2006

Posts: 556

01-04-2008 13:47

i hope you used luc aubret's dual black widow guns. my favorites.

_____________________

“If you talk to God, you are praying. If God talks to you, you have schizophrenia.”

HoneyBear Lilliehook

Owner, The Mall at Cherry

Join date: 18 Jun 2007

Posts: 4,500

01-04-2008 14:03

Hey, wasn't me!

_____________________

Virtual Freebies now has its own domain!
URL=http://virtualfreebiesblog.com

The Mall at Cherry Park - new vendors, new look!

Bradley Bracken

Goodbye, Farewell, Amen

Join date: 2 Apr 2007

Posts: 3,856

01-04-2008 14:07

_____________________

My interest in SL has simply died. Thanks for all the laughs

Annabelle Babii

Unholier than thou

Join date: 2 Jun 2007

Posts: 1,797

01-04-2008 14:08

That's it... I'm opening an exchange... and following the Lindens' model.

I shall make "Babii Stocks." These shall be represented as a cubic prim .5 m per side in an attractive woodgrain finish. These are buyable at any of my locations gridwide for $1000L.

I will not buy back "stocks" but if you choose to sell your "stocks" you may sell them to any other player at a mutually agreed on price. I will set up a 4mx4m plot called a "trading area" for people to "buy" and "sell" "stocks".

Note: "stocks" have no real world value, but are transferrable rights to use the intellectual property of a sting of code which comprises a .5m cube primitive object solely in the virtual "world" of Second Life.

Colette Meiji

Registered User

Join date: 25 Mar 2005

Posts: 15,556

01-04-2008 14:11

From: Bradley Bracken

do I just send the money to you? or do I have to use a fancy webpage dealie?

Egon Rothschild

Never Enough Prims

Join date: 22 Apr 2006

Posts: 556

01-04-2008 14:11

From: HoneyBear Lilliehook

Hey, wasn't me!

sure ... sure ... "my former husband" ... or ... "a friend" .... sure ... w/e.

and, anabelle ... i'm game ... when do your stocks go on sale? ... but can i buy them in a smaller size?

_____________________

“If you talk to God, you are praying. If God talks to you, you have schizophrenia.”

Bradley Bracken

Goodbye, Farewell, Amen

Join date: 2 Apr 2007

Posts: 3,856

01-04-2008 14:12

From: Colette Meiji

do I just send the money to you? or do I have to use a fancy webpage dealie?

No fancy webpage. Just send the lindens over to me. I have a very expensive scratch pad that I keep next to me for tracking purposes.

_____________________

My interest in SL has simply died. Thanks for all the laughs

Egon Rothschild

Never Enough Prims

Join date: 22 Apr 2006

Posts: 556

01-04-2008 14:14

find bradley. do i need a sl certified check or will you take linden cash?

_____________________

“If you talk to God, you are praying. If God talks to you, you have schizophrenia.”

WSE Closed!
Raymond Figtree Gone, avi, gone Join date: 17 May 2006 Posts: 6,256	01-04-2008 09:36 From: Rockwell Ginsberg Ha. Oh yea of little faith in unregulated, uninsured fictional stock markets. _____________________ Read or listen to some Eckhart Tolle. You won't regret it.
Egon Rothschild Never Enough Prims Join date: 22 Apr 2006 Posts: 556	01-04-2008 10:11 From: Gordon Wendt People expect the exchanges to do the impossible, there is no regulating body in SL for exchanges other than resident run ones that are flimsy at best, the honest exchanges do the best they can but apparently that isn't enough for some people who are unsatisfiable and blame the exchanges for things beyond their control like the lack of regulation. i personally lack any sympathy for ppl "investing" in and then getting burned by any of these in-game pseudo-financial schemes but ... is it only me whose head spins while reading this? the "lack of regulation" is "beyond their control"? wouldn't an HONEST business model (instead of "the best they can" be some sort of self-regulation? _____________________ “If you talk to God, you are praying. If God talks to you, you have schizophrenia.”
Desmond Shang Guvnah of Caledon Join date: 14 Mar 2005 Posts: 5,250	01-04-2008 11:05 From: Raymond Figtree All WSE Account Holders will earn a bonus 25% p.a. interest during this process. What exactly does this mean? _____________________ Steampunk Victorian, Well-Mannered Caledon!
Rockwell Ginsberg Boss Join date: 3 Oct 2006 Posts: 560	01-04-2008 11:09 So people who actually leave cash with Luke earn 19.95% annualized, paid weekly I believe. How he affords this (given the decreasing trading volume and hence decreasing commissions), I do not know. So now, people are either earning 25% annualized or 45% annualized. Either way, it stinks.
Snowman Jiminy Registered User Join date: 23 Dec 2007 Posts: 424	01-04-2008 11:20 From: Broccoli Curry Our motto... "Join the vegetables, invest in the Bank of Broccoli". You know you want to... Do we get melted cheese on our investments? Although I would prefer a fish with some white wine sauce.... _____________________
ObiJan Proost Registered User Join date: 4 Aug 2006 Posts: 1	A project managers thoughts... 01-04-2008 11:23 From: Rockwell Ginsberg a phase of development that requires the WSE to close all trading and transactions for up to 30 days. Calling BS on this! Was the new version of the system developed and tested before making this announcement? If yes: then no way a switch-over would take 30 days. Anything over 24h would indicate incompetence. If no: then they don't know the first thing about project planning. Its also impossible to predict for them if the new system will take 3 days or 200 days to implement. The 30 days is totally made up. Note that I am not making any claims about the actual trustworthiness about the entire enterprise. Others will undoutably debate that at length. Fact is that the announcement does not compute, purely mathematically.
Rockwell Ginsberg Boss Join date: 3 Oct 2006 Posts: 560	01-04-2008 11:25 From: ObiJan Proost Calling BS on this! Was the new version of the system developed and tested before making this announcement? If yes: then no way a switch-over would take 30 days. Anything over 24h would indicate incompetence. If no: then they don't know the first thing about project planning. Its also impossible to predict for them if the new system will take 3 days or 200 days to implement. The 30 days is totally made up. Note that I am not making any claims about the actual trustworthiness about the entire enterprise. Others will undoutably debate that at length. Fact is that the announcement does not compute, purely mathematically. Very good point!
Egon Rothschild Never Enough Prims Join date: 22 Apr 2006 Posts: 556	01-04-2008 11:27 "we are truly sorry that our clients were screwed out of ... errr ... lost ... that's it... LOST ... their investments. it's not OUR fault. no one regulated us." _____________________ “If you talk to God, you are praying. If God talks to you, you have schizophrenia.”
Colette Meiji Registered User Join date: 25 Mar 2005 Posts: 15,556	01-04-2008 11:38 From: Egon Rothschild "we are truly sorry that our clients were screwed out of ... errr ... lost ... that's it... LOST ... their investments. it's not OUR fault. no one regulated us." Yeah .. sad but that is how they are.
Snowman Jiminy Registered User Join date: 23 Dec 2007 Posts: 424	01-04-2008 11:39 From: Colette Meiji Yeah .. sad but that is how they are. A virtual collapse in the market.....? _____________________
Colette Meiji Registered User Join date: 25 Mar 2005 Posts: 15,556	01-04-2008 11:44 From: Snowman Jiminy A virtual collapse in the market.....? the entire SL "Financial World" is a house of cards built on table made of eggshells.
Egon Rothschild Never Enough Prims Join date: 22 Apr 2006 Posts: 556	01-04-2008 12:09 ... sitting on a block of melting ice _____________________ “If you talk to God, you are praying. If God talks to you, you have schizophrenia.”
Colette Meiji Registered User Join date: 25 Mar 2005 Posts: 15,556	01-04-2008 12:12 From: Egon Rothschild ... sitting on a block of melting ice ... in the summer.
Darien Caldwell Registered User Join date: 12 Oct 2006 Posts: 3,127	01-04-2008 12:21 From: Colette Meiji ... in the summer. and I'm holding a hair dryer on it... _____________________
William13 Enoch Registered User Join date: 14 May 2007 Posts: 100	01-04-2008 12:43 From: Darien Caldwell and I'm holding a hair dryer on it... Watch out for for puddles
Darien Caldwell Registered User Join date: 12 Oct 2006 Posts: 3,127	01-04-2008 12:50 hehe, will do _____________________
HoneyBear Lilliehook Owner, The Mall at Cherry Join date: 18 Jun 2007 Posts: 4,500	Omg 01-04-2008 13:40 I just know that this is because my former husband and his current girlfriend went in on Tuesday and robbed the WSE at gunpoint! (True story) _____________________ Virtual Freebies now has its own domain! URL=http://virtualfreebiesblog.com The Mall at Cherry Park - new vendors, new look!
Egon Rothschild Never Enough Prims Join date: 22 Apr 2006 Posts: 556	01-04-2008 13:47 i hope you used luc aubret's dual black widow guns. my favorites. _____________________ “If you talk to God, you are praying. If God talks to you, you have schizophrenia.”
HoneyBear Lilliehook Owner, The Mall at Cherry Join date: 18 Jun 2007 Posts: 4,500	01-04-2008 14:03 Hey, wasn't me! _____________________ Virtual Freebies now has its own domain! URL=http://virtualfreebiesblog.com The Mall at Cherry Park - new vendors, new look!
Bradley Bracken Goodbye, Farewell, Amen Join date: 2 Apr 2007 Posts: 3,856	01-04-2008 14:07 _____________________ My interest in SL has simply died. Thanks for all the laughs
Annabelle Babii Unholier than thou Join date: 2 Jun 2007 Posts: 1,797	01-04-2008 14:08 That's it... I'm opening an exchange... and following the Lindens' model. I shall make "Babii Stocks." These shall be represented as a cubic prim .5 m per side in an attractive woodgrain finish. These are buyable at any of my locations gridwide for $1000L. I will not buy back "stocks" but if you choose to sell your "stocks" you may sell them to any other player at a mutually agreed on price. I will set up a 4mx4m plot called a "trading area" for people to "buy" and "sell" "stocks". Note: "stocks" have no real world value, but are transferrable rights to use the intellectual property of a sting of code which comprises a .5m cube primitive object solely in the virtual "world" of Second Life.
Colette Meiji Registered User Join date: 25 Mar 2005 Posts: 15,556	01-04-2008 14:11 From: Bradley Bracken do I just send the money to you? or do I have to use a fancy webpage dealie?
Egon Rothschild Never Enough Prims Join date: 22 Apr 2006 Posts: 556	01-04-2008 14:11 From: HoneyBear Lilliehook Hey, wasn't me! sure ... sure ... "my former husband" ... or ... "a friend" .... sure ... w/e. and, anabelle ... i'm game ... when do your stocks go on sale? ... but can i buy them in a smaller size? _____________________ “If you talk to God, you are praying. If God talks to you, you have schizophrenia.”
Bradley Bracken Goodbye, Farewell, Amen Join date: 2 Apr 2007 Posts: 3,856	01-04-2008 14:12 From: Colette Meiji do I just send the money to you? or do I have to use a fancy webpage dealie? No fancy webpage. Just send the lindens over to me. I have a very expensive scratch pad that I keep next to me for tracking purposes. _____________________ My interest in SL has simply died. Thanks for all the laughs
Egon Rothschild Never Enough Prims Join date: 22 Apr 2006 Posts: 556	01-04-2008 14:14 find bradley. do i need a sl certified check or will you take linden cash? _____________________ “If you talk to God, you are praying. If God talks to you, you have schizophrenia.”

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