The Great SL Recession of '04?

My take is that its simply a long overdue market correction.

- Ace

Half a dozen people on these threads have already agreed with you.

Are we victims of our own hype? Just a thought but maybe it's all these threads about the "market crash" that are bringing the price down lower. Not everyone is going to read through umpteen million posts about this issue and make an informed decision on what is going on. Instead, they might just see that there's all these threads and posts about the depression/recession/crash/armegeddon and assume the worst. While there's some interesting points that have been brought up during the course of these discussions, in general I believe that if we ignore the problem, it will go away.

-Meiyo

PS. There is no spoon.

Words of wisdom indeed... where have I heard that before?

As to cause and effect, the posts came about because the market crashed.... I don't recall any 'sky is falling' threads to trigger the market drop...

No, but now that the market is correcting, these threads may be exaggerating the effect. Any economy contains an extremely important psychological dimension, which is often overlooked because it is "inconvenient."

Yup.. And the Panic is causing a widespread selloff. Because nobody can see the bottom and they aren't gonna hold LDs and "hope" today is the bottom. They are gonna sell and wait for the bottom to be established.

The LD is down another 5% today.

yay!

Because you can't put a price on SEXAY!!!

chromal some people like to wander endlessly through malls. it makes no sense to me either; but we can't fault their recreation. the masses want to hang with the masses. i stopped going to malls and clubs as a newbie because of texture loads and excessive lag. i have to agree that shopping for specific items in someone's private store, listed in find, is generally a far better experience. it's especially nice if they also live there and you have a chance to socialize a bit in a quiet, calm atmosphere.

Who likes to wander through malls? If you're not looking for an exact object, sure... but even then, most of the malls in SL today are terribly designed. Absolutely atrocious.

"Let's make a big cube with only one entrance! And an infinite amount of stalls crammed every which way, with no building codes and no sorting by type of objects sold! And let's make the hallways 2 meters wide and 3 meters tall, because that's how it is in real life!"

Bah.

I'll be designing a better mall soon. And charge for it.

LF

lordfly, your cynical attitude is well recieved. i feel your pain but also share your hopes for the future. when we, as a community, oh hell i can't type this with a straight face.

ha ha ha ha ha ha ha

Hahahahahahaha

Oh yeah...oh man...nice.

I love how malls fall to their own greed, packing it in so tight you can't squeak by in the access halls.

Lordfly, you could build a better one, true - but do you really want a creation of yours leveraged into some multi-sim monster? Do ya?

I sure didn't.

The Linden continues to slide against the USD$. However, a decent number of buyers have materialized at $3.50 USD.

Could this be the bottom? Time shall tell.

Ace, the day someone buys $3000 dollars worth of L$ is the day they get it for 80 cents cheaper than market rate at the time that they buy. Why should someone invest in a market that is so obviously flooded with L$ and worthless? Of course there are plenty of people with money, the question is whether or not the game can stabilize enough to allow that confidence. There will always be orders under market value as long as there is a market. All of you people that arn't listening now to Anshe and the others will return to reality in time as your own lives are personally effected in a negative way by everything that is happening. The only question is how long that will be and whether or not there will be anyone else left around to help you or hear your cry. Right now, GOM is around 3.80. At this price a full sim tier (used by many active ingame developers and producers) costs approximately L$51k a month to support. Two months ago, however, at even $4.75/L$1000 (the equivalent of $1.25/L$1000) that same sim would have only cost L$41k a month. Fluctuations like that make it much more difficult to operate in any large scale way other than buying yourself a 1024 and bouncing prims around or paying out the ass so LL can enjoy and benifit from your creations. Philip states over and over that the goal for our community is higher than just some 3D grid of servers where a few nerds come to chat, yet policy dictates almost impossible conditions for viable internal development. Obviously this is just the start, and the reprecussions on the economics of the game are likely to continue for a while; manifesting in different ways to different people. Although the Land Barons have been the first to warn everyone of the disasters befalling the game behind the scenes, they are only initially the most susceptible on the front line due to how involved in the game they really are. One of the most successful areas to date in the metaverse has been malls, bringing together the creativity of large numbers of people into an easily accessable area. Its true that hardware limitations constrain interactions in them considerably, but that has nothing to do with the malls themselves.

Ignorance can only support the game for so long. It is true that ignoring the shortcomings of the system might keep some people from irrationally selling at ridiculous prices but none the less the forces that orginally prompted the decline were not imaginary. Without real correction from the top down it doesn't make sense that those factors would be magically inclined to rectify themselves. Also, because L$ are essentially completely worthless by both law and EULA, I wonder if it is correct to assume that someone with extra L$ beyond X amount they spend weekly ingame would ever choose to keep them (without any form of banking, savings, or needs in the world) rather than sell them at any price they can get. IMO; That is why GOM's market has an easy time falling and a bit harder time going back up. How do we fix this? More L$ auctions, removal of excess L$ in the system from inactive accounts, and increased productivity of SLizens. Assuming no more random land trip ups by the bosses, the rest should sort itself out in time after running off and disillusioning many of the most devoted people in SL.

I think you'll find the most devoted people in Second Life give very little thought to $L and how much they're worth.

To date those that cared the most about $L and their worth brought very little to the table - and did next to nothing to improve the world in any way shape or form.

Siggy.

Stop to sell katanas in boxes?

Wow. *jumps on the bandwagon* lets make SL as small and insignificant as possible. "NO MALLS, NO LAND SELLING, NO L$ VALUE! NO MORE N00BS; STOP THE LAG! NO VENDORS! DELETE IT ALL! why can't i just be alone "

Wow lets make ludicrous assumptions and straw man arguments!

Idiot

rofl Siggy, now you know how you sound to me. Im glad i finally found a way to get through since it was so obvious you couldn't handle my first post.

Good Boy.

Point out my straw man argument then.....

Or better still, go around to some of the most innovative and successfull content creators and ask them how much they really care about the L$ to US$ issue.. Now take a look at those that scream the highest about it and compare how much either party has actually contributed to the content of Second Life.

Siggy.

Nor on Rainbows!!

Gawd! Sell seppuku in SL? I love it! I would like to give katanas in boxes to some people. Are you making them? I'd pay.

Gawd! Selling seppuku in SL? After the hysteria today, I'd say there's a market.

what a burn. hey i don't care about the L$ to US$ issue, does that make me an innovative and successful content creator? uh, how about in my dreams?

ugh, why are we still talking about this? the economy isn't broken. most of us aren't even irl economists and even those can't agree on shit let alone about made up video game economies. low L$ to US$ means high L$ value in sl so that's good, dur. some people had their bad investments go bad? doesn't that happen irl too? do bad investors get the whole world changed to protect them irl? nope they get laughed at hehe. there's nothing worth debating here so can we please move on to the personal attacks?

Can you actually back this up? Possibly even show me this innovative and successful content built by the first group of individuals?