Currency Exchange Options on Account site?

I noticed there is a currency exchange option on the SL web page. Does anyone know how to use it, what username password to use etc? Or is this in preperation for a coming function?

Oh cool. I tried to use my normal login info and it didn't work. I'm guessing that it's still being created. Glad to see they're moving quickly on this.

Moving quickly? Relative to when?

They've been talking about integration of Currency Exchanges and Shopping Web sites (back when there were only two) for 6+ months.

Relative to GOM announcing its closure.

Now now, Merwan, don't be so jaded. You will confuse people.

What more promises to get it done?!

LL did NOT take a leadership role and kept promising to do the development re: client integration of the currency exchanges and web-shoping sites and it STILL has not been done!

They look like amateurs!

GOM only announced it was shutting down last week for fuck's sake.

I agree with you, though in this case LL is moving quickly because they absolutely have to if they don't want people being subjected to having to buy L$ for 1 TRILLION DOLLARS from IGE

All cheerleading aside - LL SAYS they are moving quickly.

Talking the talk - and we'll just have to see how long before they walk the walk.

Okay, I'm going to avoid falling into the argument about the definition of "quickly" and answer the actual question. If you take a look at the economy forum, you'll see a couple of threads about "LindeX" (Linden Exchange) and what's currently happening with it. I'll skip the details here because they're all there. The summary is that it's currently in a semi-public testing phase. It's open to those who had previously volunteered to test it. The rest of us can't get in until it's ready for release. Exactly when that will be is anyone's guess, but I suspect it will be a matter of days, not weeks, barring any unforseen major problems.

I'm guessing GOM's timing on closure was not coincidental. They probably knew this exchange was about to open up, and decided to jump ship just in time for it. With all due respect to the individuals involved on a personal level, from a business perspective I think that was a little spineless, not that it really matters now. I wish they had had the fortitude to decide to triumph over competition instead of running away from it, especially considering a lot of traders are not going to like many of the rules of LindeX, and probably would have stayed with GOM anyway. But oh well, life goes on.

Cris, I think you should code this up stat! You can call it oh I don't know.... CashZilla!

Merwan,

The exchange is already in testing with some members. I talked to someone last night who bought L$ while I was talking to him, and explained the whole process to me. I imagine the exchange will go live before GOM closes.

Excellent!

I'm crossing my stripes in hopes for sooner rather than later.

uhuh! hope it's soon myself.

I don't think it was a matter of fortitude, and I'm sure they could have continued, and at least given the SL exchange a run for its money. (Literally.)

But you know, if you have been doing something for a long time and it's going great, and suddenly it is undercut and can't possibly go as great, and you're tired anyway, and this and that and the other, and you know you could go do something ELSE which you could do just as well, then I don't think fortitude has anything to do with it. What looks like fortitude might actually feel more like self-flagellation.

LindeX - lovely. I can't wait for LinBoutiquex. NOT!!!

Oh well, life goes on.

coco

Thanks for all the responses

Good job LL! I'm glad you got the exchange up and running!

screw it if ya all want to congratulate LL on taking over a sucessful business in sl then you go for it. I however think GOM just got the shaft, this is discusting. Who's next indeed.

ROFLOL!

No matter what I say someone gots a problem with it.

Go back and read my involvement with this situation from day one.

Merwan that is why I edited my post, I know the history well. Say what ya realy feel. Some of your previous opinions are why I have some of the opinons I do on this subject.

Mar

Excellent!

I was doubtful that LL would implement a currency exchange quickly and was attempting to acknowledge their new exchange.

I feel GOM's main mistake was NOT committing to their exchange full time- that their investment needed to be maximized and wasn't, and that they were too emotional (understandably) in their handling of the failed negotiations with LL.

My feelings re: LL's? They hard-balled GOM and did not need to - and they made promises that were not kept re: implementing the exchanges and web-shopping sites into the client...

That was never promised that I'm aware of. They told us they wanted to find a way to make currency exchange easier and have it integrated into the UI, and that the tentative plan was to integrate the 3rd party exchanges and act as the CC processor for them. I assume that's what prompted the discussions with GOM to begin with. For reasons none of us will ever know (besides the parties involved) that turned out not to be viable and the benefits of doing it themselves outweighed the benefits of their original plan. I don't work at LL and have no psychic knowledge of the metrics they used to arrive at that decision, but I can take some educated guesses. They had to weigh the benefit against the development time needed, security, and liability. Given that, it's not exactly surprising they made the choice they did. It's a bit of a forehead slapper, frankly.

Anyway, the point is that at no time did LL promise they were going to do things any particular way. They gave us a glimpse of what they were thinking, and if whenever they do that and then change their mind people accuse them of breaking promises, you can bet they'll soon stop sharing those things with us at all.

Chip - it was said to me directly by Phillip on the phone (and to others) months before the situation with GOM.

You really don't have to defend LL.

From my understanding, 3rd party sites could port into the LL created exchange and trade that way. I think by now, most people know where others that care stand on the issue, so I will not bring this all up again.

No. You're right, Merwan. Let's convince all the new users that LL sucks. I'm sure that's the best way for everyone to get what they want