3.44 800K on lindex I would LOVE to meet that selfish short sighted **^!!><**!!!

Some people are so short sighted! They just see the here & now and what they can get w/o looking at how it will effect not just them but everyone else in the long run

Good for you !

I understand youur point completely.

Unless LL realize how land barrons (who add 0 to SL in terms of long term value and still make massive money) hurt the content creaters (who actually add the long term value in SL but work hard to get peanuts), there d be many like you. the ultimate result would be drastic reduction in addition of Real Value in SL over the long run.

LL has strong favor for barons and big fish because they see the "short term profit" they are making through them. But they must understand that they are NOT the one who add value to SL, this is the small guy with creativity that does it. The long term survival and prosperity of SL depends on that small guy.

Maybe LL won't listen to what I am saying right now, and what LilyBeth is protesting against, but the day a RL COMPETITOR of SL emerges in the market, they would understand it.

While I think you should indeed go out and have some fun I'd also suggest you carefully recheck as I think you've misread the page.

The only 800K figure is somebody who is interested in buying 800K L$ at 344L$/$. The new Lindex system allows people to post buy orders. So this specific person is willing to buy 800K L$ at 344L$/$.

If I understand that correctly, and I were to post a sell at that rate, for that amount then it would be met immediatley by that buy order and barely register on the stats... or have I got things wrong??

Actually... it's interesting to hear someone from "the other side" of the debate - ie the selling side of Lindex - complaining about the way things are going.

I'm sure your story isn't unique either.

I had a spare L$2000 which I put up a couple of days ago for 315... I took it off the market this morning as cashing out wasn't critical, and it was only adding to the problems.

Now we're starting to see both sides of the economy argument agreeing that there are problems... are LL going to sit back and ignore it still?

Stipends are not the problem. It's panic cashing out that is.

Maybe LL need to start taking tier payments in L$, then we won't be getting all these panic cashouts as we approach paying day.

Or... maybe some of the land barons will realise that their business model is entirely unsustainable in its current form. People are buying L$ to pay the land barons, who then put it back on Lindex to sell to someone else to do just the same. Why don't we attack the root of the problem - this?

Lewis

Well it would register just as any other sale in the statistics (look at the dots on graph). The difference is indeed that it would be sold immediately and it would never show in the open sell orders. So if somebody puts an 800K sell order at a high price it'll be gone immediately.

I actually thought of that this morning but figured they'd have to sell the L$ on the Lindex to get their US$... which would only maintain the current situation... unless they sell their L$ at a fixed rate, but I'm not sure what that would achieve... people could still post sales above their rate and off we go again..

Nice idea for a sink but they would make less money from selling accounts that way..

If it actually worked out cheaper to BUY land via a premium account than rent from a land baron, then it may just swing the balance.

Let's not forget the main point: Anshe Chung needs Linden Labs to keep going; Linden Labs does not need Anshe Chung to keep going, and frankly may well be better off without her - as may well be the economy.

Remember that her $100,000 a year 'profit' is money taken away from Linden Labs , for providing a service that really doesn't need to exist.

Lewis

I thought of this awhile back, if it's done right, LL would destroy excess L$'s while keeping the rest to put on the market. At first they would only want to destroy a few so they can ensure it will sell fairly quicky, then monitor the amounts of L$ on the market and destroy only what needs to be, to keep the market fairly stable.
They could also set ways to ensure large amounts can be destroyed and them still get their money quick by setting the Lindex to where every 4 or 5 lindens sold are one of theirs, that way it's not a huge impact on the buyers

I bet you that LL (or any company) could not offer the same service for just 100-150K a year. I'm sure if LL agreed with you, they wouldn't be shy of doing it themselves.

That's money down the drain for LL; can you see that happening?

I can see even more money down the drain for LL, if they don't do SOMETHING

What service?

The only advantage I can see with what Anshe does is some sort of zoning - the landscaping and parcelling could probably be done with an automated program, account signup and land ownership is done directly too.

Remember that much of the problem with Anshe's operation is because of the manual work involved in collecting rent and keeping track of who owes what, including joining groups and suchlike. None of that would be required if it was all Linden owned land.

So in the end, you have to weigh up between the security of actually owning your own land, against a zoning ability. Renting doesn't provide a service - it damages LL's profitability.

I'm quite sure that LL could employ a couple of people whose responsibility was to regulate builds in certain areas for far less than $150,000. Given a chance, I'd love to do some terraforming on a large scale and put in things like rivers and road networks - but I don't have the financial ability to do so.

Lewis

I'm not backward in coming forward when I think that LL are not taking responsibility for something that they should, but maintaining a fixed exchange rate is not one of them, IMO. The changing rate is as much a pain in the arse for me as it is anyone, but the L$ will eventually settle at a rate decided by the market.

Well destroying some wouldn't actually be throwing money away since they can price their L$ higher then the rest and program in a way to ensure their costs and profit margin are covered, while keeping the market of L$ low

If they don't destroy any, and sell it at current rates, that would be throwing money away, because they would need to cut stipends (Causing premium members to downgrade) and free members to get upset and leave, causing alot of business's to go out of business (Leaving second life and no longer paying tier) or again downgrading.

If something is done, this seems to be the most viable way without making major changes every where else

It wasn't wise to hoard all that from day one in L$ in the first place I'm afraid Lillybeth. The Linden has been losing value for months, you would have been better off selling your Lindens along the way and hoarding real money in a bank. Then you would have recieved interest on it too. As it stands, you've picked a terrible time to sell, not only has the Linden lost value, but you're UK, and the USD has lost value against the GPB this month. You don't need a large L$ reserve if you're not doing something like trading land, so keep it in cold hard cash.

If it was just a case of financial ability, don't you think that there would be many more Anshe's in world? This service provided is a niche area that is too costly for a company, but can provide a reward to an individual who is prepared to basically give up their whole life to make it work.

Terraforming islands is about 1% of the work, most of the work is admin stuff. I wouldn't be supprised if Anshe herself works 100 hrs a week, that's not to mention the staff that she pays at a rate that LL could not get away with. LL would have to employ quite a number of staff to offer the same service, and employing people is more of a financial responsibility than simply paying them a wage.

If it was worth the while LL offering the service, they would have.

What L$ do they destroy? LL don't hold any, so they would have to destroy resident's L$. If they do that, the residents will simply have less L$ to sell at the higher rate lol. And once done, do they continue doing it? You just have to let the L$ find it's natural market value.

No, it's simply down to Anshe's volume of scale that means it's almost impossible for anyone else to compete. I can almost guarantee you that if she had to start from scratch now, and didn't employ cheap labour to help her, she would not succeed.

It's not 'too costly' for LL because premium accounts and buying land is exactly how their plan was meant to proceed.

Lewis

I wasn't aware you were privy to their management decisions. Tell us more about their plans, what's around the corner? Stop holding out on us.

I don't buy it. Anyone who started up now, and had the drive to succed, would be able to compete, as the world grows, Anshe's market share will more than likely decrease. But you're right that the current environment is not as friendly as when she first started. I doubt that would stop her, or anyone with similar drive and motivation, to succeed even in a tougher environment though.



Well I think they have had a change of plan. If LL believed it to be financially beneficial to them as a company, they would have done so. Why do you think they have not? If I was in LL's place, I would be encouraging people to build communities and take rent.

To own land, you have to have a premium account. That was, and is, their plan.

By simply removing the ability to join a group from Basic accounts, then the majority of 'land rental barons' are totally screwed.

Two thumbs up.

Lewis

You need to keep up with the times Lewis. LL are already implementing the ability to 'sell' land in private estates, no group needed.

Still sure of their plans? And where's your thumbs now?

Evidently you already forgot what was posted earlier...



They can hold and put back on the market (at a higher rate and programming it where this amount is sold on Lindex at a small enough amount L1 to every L$4 sold to keep from causing the buyers to suffer ) whats needed to cover their costs if they take payments in tier and destroy the rest, to keep x amount of L$ out on the market stabalizing it. Saying to ignore the constant supply of L$ hitting the market weekly because it will eventually "Find it's natural market value" is wrong, there will never be a natural market value because there will eventually be so much L$ on the market that it couldn't possibly all be sold. Even at L$1000/1
Every good government destroys some of it's own currency from time to time to keep the value higher.

And as long as Stipends are still being giving out, then yes it has to constantly be adjusted according to number of active users and the amount of L$ in circulation