It's the end

I'm at the state i don't care anymore about the L$. It's falling and it will keep falling...
I'm just waiting for LL to stop giving stipends to premium accounts to be gone.

shush with your negativism

To be realistic nobody should really care about the L$, because if you think about it logically it is a fictional currency, its face value is ZERO. It is basically nothing which has the possiblility to be converted into USD$. SL is not a job nor a career, it is simply an opportunity for people with skills and know-how to make some extra money playing a video game and participating in the Linden Research Social Experiment.

The L$ value has been on a steady and predictable decline since I have joined, it doesn't bother me one bit. We simply have to adjust like the rest of the world has to adjust when realworld economies fall.

I wish people would stop saying its face value is zero (like the US$), it's not backed by anything (like the US$), and that it can dissapear and become worthless (like the US$). If it's so worthless, why do people pay so much for it? And if it doesn't cost you, or affect you, in any way, why do you all think that it doesn't affect anyone else?

I still say its value is ZERO.
Regardless of what anyone tells me, thats just my opinion.
The reason for this being you cant cash out in L$,
its not a world currency, you cant go to an ATM and pull out L$'s

my 2 cents!

Canyou go to your local ATM and cash out Yen? How about Swiss Franks? Euros? Pounds? Pesos? Does that make any of those currencies have a value of zero?

Money/currency of many countries (including US$) doesn't have any face value or anything to back it up with. It is a comodity, like sugar, or steel, which is printed by the government, and is only wor h something because people have agreed on what it is worth. It's ONLY purpose, like the L$, is to make bartering for goods and services easier. That's it. And like all comodities, if there is too much of it, it looses valie. Too litte, and it becomes prescious. No difference. The ONLY difference between US$ and L$ is that US$ is regulated by US government, while $L is regulated by Linden Labs. Other than who regulates the currency, there is really no difference between L$ and other currencies of the world. And yes, "you can only spend L$ in SecondLife." Well, you can only spend pesos in Mexico (unless you go through a broker; options available to both pesos and $L). So what?

I can't get denars from my ATM either but it's a currency. World currencies are no longer backed by gold, silver and anything else of physical value. Currencies are backed by the faith and credit of the issuing government. The value of a currency is what ever people think it is. If someone's willing to pay a dollar for 330 lindens then infact a linden is worth /330 of a dollar.

Lindens have value because it is used in exchange for products and services just like a dollar bill or any other currency is. It is a fact and can't be changed by an opinion.

"I still say its value is ZERO."

Everything is worth what its purchaser is willing to pay for it. If I am willing to pay a million dollars for a rock, that rock is worth one million dollars (in the right place, the right time, and for the right purchaser).

"Regardless of what anyone tells me, thats just my opinion."

Quite frankly, your opinion is wrong. The Linden dollar is worthless to, say, a Chinese farm worker with no computer. But to an American SL resident wanting to play with a Dominus Shadow, a Linden dollar is worth as much as the extent of their desire to play with the Shadow.

ANYTHING with no literal value (paper money is worthless as anything other than money...except, perhaps, as kindling and really expensive wallpaper) that two or more people exchange as representations of nominal value is a currency.

The value of a currency is hinged on what you can "sell" the money for. "I will accept this pebble from you as payment for my work because I know that Fred down the street will give me a turnip in exchange for this pebble".

That is why the Linden works as a currency; because I know that when I sell something in exchange for Lindens, I can go exchange those Lindens for something else I want (be it ingame content or US dollars, which in turn allows me to exchange for real world content).

IF however, it suddenly transpires that I cannot exchange those Lindens for something I want, because the value of the Linden has fallen or people no longer accept it as payment for their work, it becomes of much less value, and I would either want more Lindens for my work to compensate, or stop accepting it altogether.

And that is, of course, the problem presented to us by the current inflation. Thankfully, it has levelled out, and will hopefully stay this way.

Musuko.

Why do people buy Porches instead of Hondas?

And, yes, it can disappear at LL's whim. It says so in the TOS.

I rather buy L$ of my own free will to further enjoy SL. Not have my back put to the wall to save some people who made some bad choices.

Um, small penis size? Entertainment?



Check the US government's TOS. USD can dissapear at US's whim, too.



No one is asking you to spend money. I just wish that people wouldn't get so much worthless mooney made out of thin air. I don't care if that means people get less stippend and pay a lower premium, or they pay the same monthly rate and have LL buy some of the $L off the Lindex.