End the Stipends....just a thought..

They are going to hoard because it would be profitable. If LL shut off the spigot, the price would definitely rise and as soon as it started to rise, people who regularly sell lindens would hold rather than sell, further driving up the price.

What part of supply and demand do you not understand?

(I think it's time to leave this conversation, it's clear that no matter how clearly people explain it to you, you will not accept it. Have fun everyone!)

I think the end of stipends are inevitable, and yes people would grumble about it initially, but just like ending the first land program, the grubling would pass and Slife would go on, and stipends would just be a memory of a earlier time. Ending first land didnt stop the population from growing and niether will ending the stipend program, remember stipends are no more a garantee than first land was

Please do not argue with Keiki Lemieux, we have been through all this last summer when the exchange rate was fluctuating widely from L$300/1 to L$335/1 and back to L$280/1 with a slow decline to L$267 where it has remained for months. Supply Linden has done an excellent job maintaining a stable exchange rate even through the selloff caused by the CopyBot scandal.

Jackson, pasted below is from the Linden Dollar Exchange website https://secure-web2.secondlife.com/currency/

Here they state that they have an automatic system to control huge jumps in either the positive or negative direction of L$ value. They simply halt trading until we've had a chance to recover... My point is that not only are "20000 people" watching the Lindex; it's also maintained by automatic system. It could never spiral out of control as some people claim.

"LindeX Automatic Circuit Breakers

LindeX features automatic "circuit breaker" trading halts based on movement (positive or negative) of the average exchange rate in any given day, as follows:
> 10% in any 12-hour period: projected 1 hour halt
> 20% in any 12-hour period: projected 2 hour halt
> 30% in any 12-hour period: close until at least noon the following day

Averages will be determined for these circuit breakers at least once per hour. We continue to reserve the right to halt LindeX at any time for maintenance, or to investigate system misuse or malfunction. In the event we determine any halt period to be unnecessary, we may recommence trading prior to the end of the posted halt period. "

no need to get angry Keiki, too much of that on the forums already make it a unpleasant place sometimes,

But to illustrate the "greed" of people to not let profit get away I'll refer to the land rush on the mainland awhile back, more prospectors came in when the land market was getting tight, and they flipped land for a smaller profit than the "ole timers" its human nature to not resist profits, you may have some holding thier money , but you surely will hafve others that are not, they are getting thier profit and would never dream of trying to hold out.
I myself was one that came into the land market just as it was starting to go crazy, I didnt buy a big plot of land and hold it till the market was double the price I bought for, I flipped that thing like a pancake and took my profit every time I flipped, even to the point I was making 200% profit on a weekly basis, while other where holding land hoping it would sell at a higher price, I was there making profit on every little turn. Same thing will happen on the Lindex

If the cost of L$ went up, I would surely hold onto my L$ and sell a lot slower, save for my $195 month comitment to tier. these days with a stable exchange I cash out whenever, as do most people and helps to keep the econony liquid.

What would then be the incentive to have a premium account?

The ability to own land on the mainland? Oh JOY! Not worth the price with so much estate land available. But then again, you are one of those private island estate land sellers, aren't you?

So maybe this thread is just a bit of wishful thinking?

Lol Yes I so own private islands, but that doesnt have anything to do with the thread, people asked what the value would be of a premium account when they closed the first land program, its good to see that the value of premium membership wasnt tarnished by the lost of the first land program.

As far as Private Islands go, I think its general consensus that mainland is shot, and is of little value, so yah Im happy to be in the right place again, at the right time. but it dont have anything to do with stipend, I was thinking of ways we could increase the level of CS

The latest statistics I can find on premium membership are visible on a graph that ends in Nov. 06.

First land wasn't a priority for members that had already gotten theirs, but I have seen plenty of complaining on the forums by those who didn't get any.

As far as customer service, they need to make it a priority. It's not that LL can't afford to offer it, it's that development is a priority, and customer service is not as large a priority.

Best comment so far is: Are you High?

Please feel free to donate you stipend to any cause you like. I personaly would like to keep mine.

Look if you sell things you would be directly competing with yourself, ANY businessperson knows that you don't compete with yourself ever.

Another incredible insight to the SL economy!

ok lets do a little test, say Im going to give 200 L$ per 1USD and tomorrow, depending on the rate I sold today would decide if I go up in my rate or down in my rate, would everyone hold their money and say, Im going to wait and see, Hell no you would be selling every linden in your account!

To say you would hold your money when its to your advantage to sell is borderline crazy. its easy to say what you would do in the forum, but when your presented with the real thing, your opinion could change

It's not crazy, its hedging. Sure I'd sell some at L$200/$1US, but not all.

You mean you are going to give $1 US per L$200?

because from what you said, I could just buy it right here for about L$267 per US $1

If you did that you would be losing 67L$ off the best offer. Point is if theres a good deal people arent likely to pass on it in hopes a better deal will come later, they will generally take the good deal, and hope they can cash in on a even better deal later too

Dude, are you buying or selling for that rate?

Are you giving L$200 for $1US, AKA buying $L from me or $1 US for L$200 AKA selling $L to me?

The difference does matter.

It is a hypothetical example, if I where to offer to buy your lindens for 200 per 1usd most everyone would do it. because its a hella deal.
The lead to that example was would people hold thier money in a prime market and hope for a better price later, or sell in that market and make a modest profit

Even countries mints create the majority of their currency apparently out of no where in terms of value. Do you really think every $5 bill costs $5 to produce? No, it costs less than that to print a $5 bill. So then you can ask yourself where the bills value comes from? It comes from the fact that at any one time X amount of $s are in circulation for every Y amount of people, and it is that which determines its value against other currencies among other economical factors. Bottem line is too much currency is bad because it devalues the currency relative others, to little and there is not enough to go around.

I would say that at closing yesterday there was roughly 267 times more L$ per person on Second Life than USD per US population by the above model. Of course I am simplifying, there is much more to it than that.

Thank you for the explanation. You posted that you would give 200L per 1USD.

Which is not a hella deal.

sorry semantics in wording, the point was still correct though, we where talking about how investors would stabilize the market if it was to rise or fall too fast.

If you where to look at the Market Data https://secure-web6.secondlife.com/currency/market.php you would see (look at the all link) indeed the market is stable, too stable for any real investment. it more closely follows a heartbeat than a actual currency market. This kind of stablization isnt good for investors however it is good for business owners that want a stable and reliable market. Is it bad thing? YES most definately, it takes opportunity out of the equation and should be dramatically reversed back to what it was before, now there is a large enough resident base to support it

LL has repeatedly stated that they want a stable currency. They have not, however, stated a priority on customer service.

They cant assign a direct Company based Value to the Linden$ - Their entire "The Linden$ isnt real money" legal shell game depends on it.

Jackson if you dont want your stipend go to a casino called "extreme" err well its not a casino anymore but whatever the heck its called .. there is something called a burning Iris. This was created when the last stipend bandwagon was started in the land and economy forum (go look it up for referance this is not the first time this has been brought up and it ended in well a lot of meanness). Put your money into the burning Iris this will destroy your lindens and send it into a void as when you send money to a linden (in this case Iris Linden) its automatically destroyed.

I also have my save our stipend signage that i can revive hehe to make you feel more at home. This is like a bad memory rearing its ugly head. Those who wanted to keep their stipends were called welfare bums those who didn't were of course most righteous and said it would fix the lindex. Well that was the excuse last time. then 2000000000 anti stipend threads popped up and everyone who tried to rationalize with the anti stipend guys got called names. Then something happened and they all mysteriously disappeared off the face of the planet in fact i think the anti stipend guys dont even play anymore.

Anyhow please dont bring this subject up because it only ends in evilness. Instead go burn your lindens in the burning Iris at Extreme there is a free copy as well you can get for repeated burnings and to share with all your friends who dont want their stipends and go type into the land and economy forums the word stipend maybe the threads are still there but a lot of those flaming mean threads were destroyed (probably also tossed into the burning iris) anyhow all those answers to the get rid of stipend argument are in there

well that's easier then just rehashing it so i'm gonna give that a try ^^

err here is some horrible history to get you started in no particular order just remembering the names and some threads

/130/f0/112281/1.html
/130/b2/110398/1.html
/130/b0/113332/1.html
/130/51/112680/1.html
/130/2d/112726/1.html

/130/26/132184/1.html

/130/4b/121796/1.html

/130/5d/122122/1.html


oh and there is more at least 2 threads per day were generated for months on this subject..

hahhaha you all hey wake up this isnt about "Ending Stipends" persay, if you would have read the original post, it was a THOUGHT on how to improve CS thats all. I think its fair to say that CS is one of the most important issues right now!

On second thought if my post does not make a bit of sense to you, forget I ever made it. It appears that work has taken it's tole on my mind and straight thought went right out the window.