Economy Announcement by Philip

Created this thread accidently because it was impossible to reply to Philips original post for a while ...

... and gives those of us who prefer to stay outside of the capitalist crap less reason to spend time making an effort to provide quality, and we'll just see more and more places offering the same out of the box *.ingo and similar identical stuff popping up everywhere.

I've already made my feelings on this known in the other thread, although I doubt if I'm important enough to get an answer.

Lewis

What amused me was that none of the Lindens, including Phillip, had sufficient balls to state how much currency was in circulation at the start of quarter one and end of quarter one, the total volume of both sales and purchases and a detailed breakdown through Lindex, together of course with a detailed statement outlining (of the currency created out of thin air) how much was stipend, and how much was various welfare and incentive payments.

Phillip, I have been reading AFX news summaries on company results day for too long now......you know those first 5 minutes when you have to decide if the wool if being pulled over your eyes..... before the share price drops like a stone.

It would have been better if you were frank, stopped digging a hole for yourself (and having a big ego), and said the whole thing was a total cock up, you were uncertain of the future of the Linden, and would be reviewing moves to move the economy onto a dollar or gold based currency which would mean in world inflation would no longer be an issue.

Regards

Paul

King Philip isn't going to tell the money supply because they
know just as well as us, that it is such a huge number, than it
would spark panic in the markets and the linden dollar would
plummet.

What they need to do is start pulling money out of the economy
and reducing the money supply until there is a sustained rise in
the valuation of the Linden Dollar. Regardless of the method
(sinks, stipend cuts, taxes, whatever), this should be the Linden Goal.

They alrdy told the money supply you were too busy trolling to notice.

Yeah, right.

/3/2d/100976/1.html#post992095
"For perspective, stipends still account for the largest source of new money into the currency pool. In March stipends totalled $37.7million, or 72% of the sources for the month."

I think the problem is that they're trying to create an economy in an system that just won't support one, think about it:
You get free money for doing nothing, so as time passes total money supply always increases.
Unless you want to be a business owner, there is little to no "employment" out there. Everything can be automated, so why would anyone need employees?
So unless you want to be a business owner, you have no way of increasing your earning power.

Anyone who knows how to make stuff usually doesn't need to buy something from someone else unless its prohibitively time consuming or complicated.

They need to create a more interactive economy. It might be nice if there WERE reasons for people to employ others to help move the money around a little more. Really the only job until now was sitting in a chair or dancing on a platform, or being a prostitute.

Can you point out for me the point in the article that
King Phillip tells us serfs how many Linden Dollars are
in circulation? Good Luck...


The day when they disclose that information will be
the day Linden Labs actually releases useful information.
A 1 month snapshot of data is nothing. Its like trying to
make out a picture of the Mona Lisa by only being
given a 1-inch by 1-inch square section to view.

Can't troll if your not carefully blind to facts? No Philip didn't answer Vasudha did.

But not only did you ignore that you ignored me tell you about it higher up in this thread.

a) You never mentioned the total money supply number above.

b) L$532.9m was a comment reply which also noted that
this number was a "portion" of a much larger number.
Vas says non-linden accounts. How much are the Linden
accounts stockpiled with and how is that money circulated
in or out of the economy?

c) L$532.9m didn't include the L$ on the LindenX which leaves
out at least a good $30/million linden dollars..

d) If you didn't try to call people trolls so much, you would
realized that you are the troll, trolling out partial information
and rubber stamping it as an absolute with little or no
corroborating information.


Once you factor in the missing bits that Vas left out of his
remarks, you'd come up with numbers in excess of
L$600/million. And data showing around a L$25-$35/million
monthly growth rate.

The net result of which can be seen in the falling Linden Dollar
and rising volume numbers. Supply and Demand. Too much
Supply and not enough demand equals high volume with
falling prices.

Sorry I shouldn't have assumed that given the knowledge the info was out there you could do you own research. Too much work for you?



Considering as linden accounts probably don't have to earn stipends or buy on lindex I suspect that's a non-meaningful number.


early march was $26mil but still the data is there so a total can be arrived at.




I'm the troll? According to the staff here you are. Do I need to link to the evidence? lol



That requires an assumption over $35milL that is meaningful to the economy and not in player accounts or Lindex.



Explain the falling amount available on lindex. Looks to me like demand exceeds new supply.

oh and the real punchline?

How are the numbers even relevant all I said was they provided them. What the numbers mean to the economy can't erase the fact they WERE provided. Something you might well have been aware of considering as you narrowed your focus to "Philip" and no other linden. Talk about partial info. lol

Funny. The man who proclaims superiority is unable
to reply in full, but must segment and divide a response
to attack each remark point by point, while ignoring the
heart of the discussion. Truely a skill used by those unable
to debate, only applying a point-counterpoint argument with
no substance.

Now back to the realm of the enlightened. The heart of the
argument is that Linden Labs does not release core information
about the macro-economics of the economy. Simply a snapshot
of this or that to appease the simple minds of SL with useless data.
Without being given a view of the entire economic map, the snapshots
of data are akin to an Enron Quarterly Report. Full of Fluff with a few
bits to keep the masses happy until the next request for info.

If Linden Labs was true to its attempts to release valued information,
they would have:

a) Issued a report showing the growth of the money supply from
Day 0 to Present. Not telling us a partial accounting for 1 month,
two months ago.

b) Detailed a Day 0 to Present inflow of New Linden Dollars

c) Detailed a Day 0 to Present outflow of Sinks removing money


All giving "we" the citizens the ability to crunch the numbers and
verify their accuracy. Along with all this, the "numbers" would be
updated weekly/monthly to keep a running tally.

Until we get this detailed response of economic data, the only thing
Linden Labs is doing is dishing out a few nuggets to appease the
simpletons and promote their game in such a way to make the
uneducated believe it is a flawless world with no problems and
everything is peachy.. In which case, I believe you've fallen for
the company's propaganda, hook, line, and sinker.

My apologies for actually addressing your points instead of simply calling you a troll and leaving it at that.

You have been reported for TOS Violation of abusing me
by calling me a "Troll" and harassing me with continued like remarks.


Article 5.1 - Section 4:
===============
(iv) take any action or upload, post, e-mail or otherwise transmit Content as determined by Linden at its sole discretion that is harmful, threatening, abusive, harassing, causes tort, defamatory, vulgar, obscene, libelous, invasive of another's privacy, hateful, racially, ethnically or otherwise objectionable

I don't think it's harrassment to call a troll a troll. Or did you report the resmod also?
link

Hello,

Debates here between knowledgeable individuals about
the SL economy are welcome and can provide fascinating
background about the issues at hand and strategies to
improve $L life for all residents.

An important announcement was made today, and
if we can examine its future results and cordially
elevate the discussion the community as a whole
will certainly benefit.

People reading this thread are likely interested
in the informed opinions (including contrarian) and
financial data herein because real money is at stake.

I vote for getting back to the business of evaluating
Philip's exciting new monetary policy and its overall
effect on SL markets.

In pure capitalistic style, any personal disputes
would best be resolved by a pay-per-view inworld
mudwrestling match.

That would certainly make any economist in
attendance as happy as mud-pie.

Darwin Tiger

Threads aren't a good venue for capitalists.
Its free and anyone can state what they want with the only repercussion being banned for a short time.
I for one would love to say things that age has taught me best said in chosen words.,
Phillip Linden needs a reminder that you can only take away as much as people are willing to lose. Once that limit is reached it can and will be felt by all including a company that isn't even at the supposed break even point. Quite possibly the intentions are to have players that can afford less at higher prices. It may work and it may not.Let the chips fall where thay may.Taking and never giving isn't a good way to from strong bonds with ones players.And LL never ever gives. I for one have lost content because of LL's many bugs and was never once assisted in anyway shape or form by LL.Now once again just for the sake of keeping L$'s prices higher LL steps up to the plate.

It's tough love RBD... not abusive and harassing behavior.

I can't help but note, that you didn't bold 'libelous'.

Hmmm.

I think I will also file an abuse report: on someone trolling on the Economy forums