time to sell secondlife and linden lab
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Strawbearry Shortbread
Registered User
Join date: 27 Sep 2005
Posts: 146
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09-28-2005 09:38
From: succulent Abattoir after a year of observation, the conculsions i faced are pretty bad, due to the lack of capacity at Linden Lab to maintain a stable economy and a total disinterest in theyr customers, i suggest a group of players form an asociation and find an arrangement with Linden Lab to buy the society.
This will allow us to place more competents persons at it's direction and hope a more successfull business.
soo
how much is worth Linden Lab? Well, I thought this was a pretty interesting concept. Then I read further down and realized that I should NOT have thought that, because there are misspelled words in it (which I didn't notice), and that the poster, though a year old, doesn't know what he is talking about, and in any case, if there is something he doesn't like about SL, he should just leave it, rather than "venting" in the forums. coco |
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Beau Perkins
Second Life Resident.
Join date: 25 Dec 2003
Posts: 1,061
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09-28-2005 09:38
Though the L$ is falling rapidly, I think its a good thing that how much money I personaly make is not LL top priortiy.
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Icon Serpentine
punk in drublic
Join date: 13 Nov 2003
Posts: 858
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09-28-2005 09:41
From: Jsecure Hanks Really, so I can go empty out the bank of England then, and fort knox? Mr. Bush is just holding some gold in there... For a mate. Over the weekend. I'm not sure if England has given up the gold standard, but the US certainly has since the depression or 1971 or whatever. It's been a while though is all I know. Nowadays US currency can be printed on the fly and is practically thought into existence. It's been working so far, but it fails to be seen how strong the solution will be in the long-term. Currently, without the gold standard -- government spending is ludicrous, the gaps between rich and poor grow with inflation, and is heavily reliant on trade. There are quite a few books, both non-fiction and speculative fiction on the subject. Try reading up on it -- it's quite fascinating in some regards.
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Osprey Therian
I want capslocklock
Join date: 6 Jul 2004
Posts: 5,049
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09-28-2005 09:41
Fort Knox is either still full of gold or there a post-it from Cheney saying, "Our unfortunate decision to move the gold bars to New Orleans right before Katrina has meant the gold was all lost in the hurricane! Sorry!"
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Jsecure Hanks
Capitalist
Join date: 9 Dec 2003
Posts: 1,451
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09-28-2005 09:44
From: Icon Serpentine I'm not sure if England has given up the gold standard, but the US certainly has since the depression.
Nowadays US currency can be printed on the fly and is practically thought into existence. It's been working so far, but it fails to be seen how strong the solution will be in the long-term. Currently, without the gold standard -- government spending is ludicrous, the gaps between rich and poor grow with inflation, and is heavily reliant on trade.
There are quite a few books, both non-fiction and speculative fiction on the subject. Try reading up on it -- it's quite fascinating in some regards. Life would be sweet if a currency could be 'thought' into existence. Sadly that'd destroy the currency in a week. It's been done. My favourite example in practice is weimar germany following world war one. They needed funds to pay reparations. Didn't have it. So just print more, duh? Once there were more marks floating around, each one was worth less (as there wasn't magically more gold to back up the marks) and soon the money was literally worthless. If the US did that, they'd soon forget just how many bucks they'd flung into existence, and soon nobody would know what the heck a buck was good for anyway. The US would have "some gold" and an awful lot of toilet paper. |
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Jsecure Hanks
Capitalist
Join date: 9 Dec 2003
Posts: 1,451
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09-28-2005 09:49
Anyone wishing to dispute the bang behind a buck, or any other unit of currency, would do well to study this hard. Gold Reserves WorldwideI quote: Gold reserves or gold holdings are held by central banks as a store of value |
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paulie Femto
Into the dark
Join date: 13 Sep 2003
Posts: 1,098
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no no no
09-28-2005 10:15
Noo! Look at ActiveWorlds or Digitalspace TRAVELLER for examples of what happens when the company changes hands and the original vision (and staff) is lost. AW has changed hands many time since it's founding: http://mauz.info/awhistory.html Today it's a creepy wasteland with no real technical progress since 1997, where you will be autobanned for mentioning the "competition" in chat. http://www.wired.com/news/culture/0,1284,1471,00.htmlFor Digitalspace TRAVELLER, I have more sympathy. The documentary on DST, "AVATARA," is just...haunting. You want to laugh but it feels like whistling past a graveyard. http://www.dragonscoveherald.com/blog/index.php?p=530You think AW is primitive? You wont *believe* DST. But DST has more "soul" in its pixellated floating heads than AW has in 1000 acres of virtual space. Seriously, watch the documentary. Look at these two worlds and ask yourself if we really want to go that way.
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Ulrika Zugzwang
Magnanimous in Victory
Join date: 10 Jun 2004
Posts: 6,382
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09-28-2005 11:10
From: succulent Abattoir ... and a total disinterest in theyr customers, ... Ha ha! Did you really spell "their" with a "y".  New rule for the forums: you shall not start a thread unless you can spell "their". ~Ulrika~
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Aimee Weber
The one on the right
Join date: 30 Jan 2004
Posts: 4,286
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09-28-2005 11:14
From: Ulrika Zugzwang Ha ha! Did you really spell "their" with a "y". New rule for the forums: you shall not start a thread unless you can spell "their". ~Ulrika~ There's a silent 6 in Aimee but I drop it to avoid confusion. |
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Ingrid Ingersoll
Archived
Join date: 10 Aug 2004
Posts: 4,601
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09-28-2005 11:18
From: Aimee Weber There's a silent 6 in Aimee but I drop it to avoid confusion. The correct spelling is Aim6666ee The number of the featurati!  |
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Aimee Weber
The one on the right
Join date: 30 Jan 2004
Posts: 4,286
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09-28-2005 11:32
From: Ingrid Ingersoll The correct spelling is Aim6666ee The number of the featurati! Not exactly. The silent sixes are spread out through my full name: Aime6e Pru6dence Web6er |
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Eboni Khan
Misanthrope
Join date: 17 Mar 2004
Posts: 2,133
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09-28-2005 11:42
From: Icon Serpentine I'm not sure if England has given up the gold standard, but the US certainly has since the depression or 1971 or whatever. It's been a while though is all I know.
Gold is just as fake as paper. It is only worth something because people think it is worth something and speaks to the simplicity of the human mind, we like shiny things. Gold, diamonds, paper money, all have no real value only a perceived value by humans. |
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FlipperPA Peregrine
Magically Delicious!
Join date: 14 Nov 2003
Posts: 3,703
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09-28-2005 11:45
 Let's bring back William Jennings Bryan's vision of silver backing the dollar instead of nothing or gold! Yeah, that worked really well for him in the 1896 election! Except the part where Taft kicked his arse. -Flip
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Torley Linden
Enlightenment!
Join date: 15 Sep 2004
Posts: 16,530
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09-28-2005 11:46
From: Eboni Khan Gold is just as fake as paper. It is only worth something because people think it is worth something and speaks to the simplicity of the human mind, we like shiny things. Gold, diamonds, paper money, all have no real value only a perceived value by humans. LOLEX... I've wondered about this for a long time myself. On the topic of diamonds, this is thought-provoking: http://www.freerangegraphics.com/flash/fl_diamonds.html |
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Blueman Steele
Registered User
Join date: 28 Dec 2004
Posts: 1,038
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09-28-2005 12:02
From: succulent Abattoir after a year of observation, the conculsions i faced are pretty bad, due to the lack of capacity at Linden Lab to maintain a stable economy and a total disinterest in theyr customers, i suggest a group of players form an asociation and find an arrangement with Linden Lab to buy the society.
This will allow us to place more competents persons at it's direction and hope a more successfull business.
soo
how much is worth Linden Lab? Can we buy it in Lindens? |
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Marilyn Murphy
Obeys Her Toaster
Join date: 23 Jul 2003
Posts: 361
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09-28-2005 12:15
if i had enough money to buy linden labs, i would not buy linden labs.
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>>Players issue 12 is now out and for sale<<
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Strawbearry Shortbread
Registered User
Join date: 27 Sep 2005
Posts: 146
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09-28-2005 15:21
"The Second Life Forums - Where Spelling is the Most Important Thing."
coco
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Jake Reitveld
Emperor of Second Life
Join date: 9 Mar 2005
Posts: 2,690
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09-28-2005 15:54
god forbid anyone mispell or mistype. Personall I know I am the devil and got neg rated for my inability to spell or type. Or my lack of interest in using a spell checker. Forum posts after all, are the only true measure of intelligence out there.
Thank god I am jake the divinly omniscient or i might really have insecutrity issues over my ambivalent attitude towards spelling.
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Lebeda 208,209
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Magnum Serpentine
Registered User
Join date: 20 Nov 2003
Posts: 1,811
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09-28-2005 16:48
From: succulent Abattoir do not misunderstand me, i think Second Lifeis a good concept, or i wouldnt be there
but sue to lack of technical skills, the sim software is a resource hog, the same "quality" is seen trough the client.
On LL's side, laybe they arent greedy after all but due to these resource hogging problems, the maintenance cost is high, the machines need to be much morepowerfull tan needed
add to this this kind of narrow vision of how SL should be compared to what SL really is
LL accumulate the bad moves and judgement errors and i feel its time more competent peoples take the lead If you do not like SL go to another world like Moove or There. Do not ruin it for the rest of us. |
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Kujila Maltz
lol
Join date: 6 Aug 2005
Posts: 444
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09-28-2005 16:50
Bah - I hope SL doesn't go belly-up along with LL.... nothing like SL exists...
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Martin Magpie
Catherine Cotton
Join date: 13 Nov 2004
Posts: 1,826
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09-29-2005 04:38
From: Kris Ritter Tired of Second Life, are ya? Don't want anyone to play it any more? Because mark my words, if LL lose creative control over it's direction, regardless of how bad you think they are at it, it wont be Second Life any more. In fact, what will probably happen is that someone will swallow up LL for some part of the technology and shut down SL altogether. The likelihood of someone buying it up to continue Philips vision is miniscule. *cough EA cough* hack hack, damn furballs. |
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Jsecure Hanks
Capitalist
Join date: 9 Dec 2003
Posts: 1,451
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09-29-2005 04:56
From: Icon Serpentine Actually, the US doesn't back it's dollar to gold anymore either. So technically it's just as liquid and fallible and empty as the L$.
The only reason it has value at all is in commodities and that declaration the government made to pay it's own debts. Or something. I'm not entirely clear on this point -- I just know that there is nothing solid backing real-world currency anymore (in most countries). A lot of people are getting confused about this whole issue. US and other currencies are backed by gold, or they'd be worthless! Imagine if I made up the Jsecurian Rand and started giving it out in the street tomorrow, what's that worth? Nothing! But don't take my word for it, I looked up all the facts for you... Gold Exchange Standard A monetary system adopted by some countries which did not have enough gold to go onto the gold standard so they deposited their gold with one of the leading gold standard countries and made their currency more or less freely convertible to the currency of that country. Gold Reserves Gold retained by a nation or its central banks contributing to the nation's creditworthiness in the issuance of bonds and currency, although there may be no commitment by it to exchange gold for its currency. Gold Standard A monetary system whereby every form of currency issued by a country is convertible on demand into its legal equivalent in gold or gold coin |
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Magnum Serpentine
Registered User
Join date: 20 Nov 2003
Posts: 1,811
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09-29-2005 07:06
From: Jsecure Hanks A lot of people are getting confused about this whole issue. US and other currencies are backed by gold, or they'd be worthless! Imagine if I made up the Jsecurian Rand and started giving it out in the street tomorrow, what's that worth? Nothing!
But don't take my word for it, I looked up all the facts for you...
Gold Exchange Standard
A monetary system adopted by some countries which did not have enough gold to go onto the gold standard so they deposited their gold with one of the leading gold standard countries and made their currency more or less freely convertible to the currency of that country.
Gold Reserves
Gold retained by a nation or its central banks contributing to the nation's creditworthiness in the issuance of bonds and currency, although there may be no commitment by it to exchange gold for its currency.
Gold Standard
A monetary system whereby every form of currency issued by a country is convertible on demand into its legal equivalent in gold or gold coin I thought we were talking about one single individuals wish that SL be shut down... Not Money Exchanges |
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Ben Bacon
Registered User
Join date: 14 Jul 2005
Posts: 809
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09-29-2005 07:41
From: Magnum Serpentine I thought we were talking about one single individuals wish that SL be shut down... Not Money Exchanges I thought we were talking about one single individuals wish to buy SL... Not shut it down |
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Flyingroc Chung
:)
Join date: 3 Jun 2004
Posts: 329
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09-29-2005 08:34
From: Jsecure Hanks
Gold Reserves
Gold retained by a nation or its central banks contributing to the nation's creditworthiness in the issuance of bonds and currency, although there may be no commitment by it to exchange gold for its currency.
Hoarding gold is an anachronism, a throwback to the old gold standard. Note that European central banks are drawing down their gold reserves (the swiss have completed the sale of about half of their gold reserves). Gold helps give value to the US dollar, but it is not the primary source of the dollar's value anymore. The united states holds about 8,000 metric tons of gold; that's only about 100 billion dollars worth. Not even enough to pay for the US's budget deficit. Just because a currency isnt backed by precious metals does not mean it cannot be valuable, or stable. All it takes is a sound monetary policy.
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