Don't understand Lindex at all...

Could someone please explain what all this means?





What does that all mean? Can you see what the actual $L value is anywhere??

LindeX displays its stats based on the number of L$ you can get for US$1, as opposed to the number of US$ it costs for L$1000 that most of us are used to seeing from GOM.

So "L$270 / US$" means that for US$1.00, you get L$270.

"Today's volume: L$1418954" means a little over L$1.4 million changed hands on the day in question.

Hope that helps to clarify this a little.

P2

I was really dissapointed when i saw it.

I undestand what you just posted, but i have to use a calculator in order to put that on terms that I (and everyone else) uses.


Guys look at it this way. the only reason why linden lab put the transactions on L/$1US instead of US/1kL$ (like GOM) was so they didn't look so GOM like. so they could tell you it wasnt a rip off of GOM. this is just like microsoft putting the taskbar on the bottom of the screen just so it was different from Apple's Macintosh (eventhough the task bar in windows is still meant to be on the top of your screen, its really stupid that when you clic the START button the first you see is SHUTDOWN your system)

I hope they eventually put it on terms of 1000 linden dollars instead of 1 US dollar.

Uh. GOM used $L250/$1 for at least a year before they switched. It's not like it's a new concept.

Furthermore, it's just switching around the base unit. $1.00 US or $L1000.

LF

I know that. but why do you think that was? why did they switch? because it was easier to understand. And it was certainly an improvement.

I don't see the point in taking steps back. do you?

I have advanced interface mode set for Currency. It lists the L$1000/block equivalent for a given price just like we're used to. Make sure you set your interface prefs -- I dunno what the simple UI looks like.

I had it on advanced already and i can't find that option you mention.

I actually like the L/$1US metric, since I often think about how many USD's I'm willing to spend rather than how many $L's I need. Feels more natural.

How? We're making an arbitrary number of "play" currency and changing the amount it's worth by the currency 90% of us are familiar with (the USD).

With $L/$1.00, you see exactly how much one US dollar gets you (which is how a lot of us get paid by).

With the $L1000 block model, I had to always multiply by four and do some rough adjustments. It was annoying.

Let the linden dollar float against the dollar, not vice versa.

LF

Well said...

I don't think they are that stupid. It's just different, I think its their attempt to do it better. Maybe Phillip told them, "whatever you do, don't make it look exactly the same". If so, so what?

Buster

GOM showed BOTH the US per $L and the $L per US$. The graphs and transactions were all expressed US$ per 1000 L$, but both figures where in there in the "today" figures.

Buster

Thanks...just a nit-pick but shouldn't they say

L$266/US$1 That would take some of the initial confusion out

yup.

Anyway, for the math challenged if the page says L270/US $1, just move the decimal left three places so the calculator says .270 then hit the 1/x button. You will see 3.70 which is the US price per 1000 Lindens like it has been shown historically.

As one of the math challenged, I must say Thank you so much.
For some odd reason my brain is having a hard time getting used
to the LindeX way.

So again, thank you.

-Sun

Or just go to the "sell" page, where it lists the equivalent price of the current rate in dollars per L$1000.

(plus you can over-type the current selling price and the /L$1000 value is instantly recalculated..)

Here's the question though... it made sense for GOM to list the price per 1000, because you could only buy lindens in 1000L blocks.

Can you buy exactly $10 worth of linden using Lindex? or do you have to buy them in blocks of 1000? If we are still buying 1000L-blocks, the $/1000L figure is more intuitive. If the unit for buying is now the USD, then the L/$ makes more sense.

I guess you can do either, buy an amount of lindens or buy say $10 worth of lindens.

I think the exchange rate makes more sense to me now too. Its not anything hugely important in the end, I just prefer the exchange rate listed the way Lindex does. I just prefer doing the calculation: $L51,234 / (265$L/US$) = US$193.34. To my mind it more makes sense than trying to look at KiloLindens.

The only thing that I don't like is the inverted graph. To me, I consider the $L to be rising when 1 US$ buys less $L. The way it is now, the graph falls when the price rises. Again, it is not a big deal, I just personally prefer the graph flipped.

I think either way I at least get one thing I like.