One Person With A Plan To Help

i think i understand the misunderstanding of this whole exchange thing you are refering to.

1.4 Second Life "currency" is a limited license right available for purchase or free distribution at Linden Lab's discretion, and is not redeemable for monetary value from Linden Lab.

basically this means we are not paying linden lab with thier own product..i cannot pay my monthly fee to linden lab in lindens..not unless i exchange them for rl dollars in the value of the U.S dollar..
it has no value to lindens if i pay them with lindens..because there is no solid value to them..they only make money when we use the exchange from lindens to rl dollars or when we purchase lindens..

both sections are actually two different meanings and you are combining them together..
This is why they are separated in the tos in two sections..

The first 1.4 is them stating the protection of their product..

1.5 is stating use of their product.

1.5 Second Life offers an exchange, called LindeX, for the trading of Linden Dollars, which uses the terms "buy" and "sell" to indicate the transfer of license rights to use Linden Dollars. Use and regulation of LindeX is at Linden Lab's sole discretion.

Don't worry, we have one already!

And some of us can't resist banging our heads against it!

i just know that threads like this are really good for when your computer has died and you can't get back into sl because the one you are using now has some crappy onboard graphics adapter that doesn't fit with the plan!! hehehehe

*wham* what? *wham* I *wham* can't *wham wham* hear *bang!* you *thwap* over *bang bang bang* this *whomp* infernal *thud* racket!

wow

Hmm... if the OP isn't going to follow-up on his/her own thread... how can we count on him/her to follow-up on the GINKO problem?

Maybe that's what he/she is busy doing now..

Its already solve-ed, didn't you get your check?

I want someone to pay me back for the time I wasted reading this thread.

Wouldn't that be sweet!

Let's get this clear again:

The terms of service never, ever, ever say that the L$ can't be or won't be exchanged by some people, somewhere. It just says that Linden Labs has no obligation to buy them back.

Are Meth labs the new subject of Godwin's law?

I think Rebecca's concept of completely separating LL from the RL trading of money makes more sense outside the scope of a Ginko Buyout.

I don't necessarily agree it should be separate, but I can see what she means.

The Idea itself of the L$ being completely fictional and changing SL to a completely fictional economy is more supportable than acting as if it already had one to facilitate the buyout.

SL could actually have a seperate grid where it was just a game with "play" money which couldn't legally be exchanged for rl money. Or possibly with no money at all just activities to do and rewards such as objects and clothes. It would be for fun only and people would pay LL to play there.
It wouldn't be very interesting to me but there could be a market for it.

Actually I think it is fairly common for young people to suggest the print more money solution when they hear about real life problems like government debt.
They need some basic economics information before they realize that wealth can't be created at will.

I hope you realize that while you'll never hold a Linden in your hand, or be able to hoard them under your mattress, they do have a REAL (as in real-world) financial value as it trades against the US Dollar. It is a roughly fixed currency (like the Chinese Yuan).

On the other hand, WoW gold has no real world value except what gold-sellers make of it.

Blizzard can print money. Linden Lab cannot any more than the US Government (or the government of your choice) can print more money without leading to inflation.

By allowing the Linden to trade against the US Dollar, the Linden is not a global currency. WoW gold is still not.

Not a real free market economy because we are dealing with a fixed currency, sure. But still real money.

And if it isn't, then I shouldn't have to pay in US$ to get it. Which I don't when I play WoW.

thats part of the thing - there is no LL mechanism of virtual employment provided by the game world.

For SL to work like WoW you would need to be able to have a fake job that paid money ..

Stipends would not be sufficient to keep things rolling since most people wouldn't be willing to buy L$ on the Black Market.

Hard enough to get them to buy L$ on a sponsored exchange.

Ah! That's what that mystery L$0 payment was?

If that's the case... I now consider my Ginko losses repaid in full.

Glad we could help

AT this time we estimate 99.3% of everyone involved got their 0L$.