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Is everyone crazy???

Aria Madison
Wasting Time
Join date: 6 Jun 2004
Posts: 13
10-12-2005 12:37
Why are people selling their L$ for such a low price??? :eek: If we post it around L$250 / US$1.00 people will still buy it, and we will be making about $4.00US per every L$1,000 which is awesome! Why are people selling their money at L$271 / US$1.00?!?!?! Trust me, people will still buy it if we sell at a better rate.
Shaun Altman
Fund Manager
Join date: 11 Dec 2004
Posts: 1,011
10-12-2005 12:39
From: Aria Madison
Why are people selling their L$ for such a low price??? :eek: If we post it around L$250 / US$1.00 people will still buy it, and we will be making about $4.00US per every L$1,000 which is awesome! Why are people selling their money at L$271 / US$1.00?!?!?! Trust me, people will still buy it if we sell at a better rate.


Because they don't want to wait in line behind you, essentially. :) Too many sellers, not enough buyers, downward pressure. I'm sure there is L$ listed at that rate, the market just can't get there right now.
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Shaun Altman
Fund Manager
Metaverse Investment Fund
Kris Ritter
paradoxical embolism
Join date: 31 Oct 2003
Posts: 6,627
10-12-2005 12:39
Yes. I'm crazy.

This could be a long thread.
Shaun Altman
Fund Manager
Join date: 11 Dec 2004
Posts: 1,011
10-12-2005 12:39
From: Kris Ritter
Yes. I'm crazy.

This could be a long thread.


Yet, it could be a fun one. :)
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Shaun Altman
Fund Manager
Metaverse Investment Fund
Seth Kanahoe
political fugue artist
Join date: 30 Jan 2005
Posts: 1,220
10-12-2005 12:47
Could be a stupid question, but - Is trading Lindens for, say, WoW gold - a direct deal between two private interests without a middleman like IGE - kosher? Either interest of which could use the currency ingame or convert to USD....
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Domonee Benton
Registered User
Join date: 10 Jul 2005
Posts: 15
Suuuuuuuuuuuuure
10-12-2005 12:52
From: Seth Kanahoe
Could be a stupid question, but - Is trading Lindens for, say, WoW gold - a direct deal between two private interests without a middleman like IGE - kosher? Either interest of which could use the currency ingame or convert to USD....



I would just love to get an EGold account number from someone i don't know in SL so I can send him a couple of hundred bucks so he will transfer his lindens to me in SL after receiving my money :)
Dnate Mars
Lost
Join date: 27 Jan 2004
Posts: 1,309
10-12-2005 13:05
From: Domonee Benton
I would just love to get an EGold account number from someone i don't know in SL so I can send him a couple of hundred bucks so he will transfer his lindens to me in SL after receiving my money :)

Tom and Jamie did it, Anshe does it, IGE does it... why can't you do it?

If you really want to have that discussion again, please look here.
Thank you, have a nice day.
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From: Cristiano Midnight
This forum is weird.
Domonee Benton
Registered User
Join date: 10 Jul 2005
Posts: 15
over your head
10-12-2005 13:30
From: Dnate Mars
Tom and Jamie did it, Anshe does it, IGE does it... why can't you do it?

If you really want to have that discussion again, please look here.
Thank you, have a nice day.



I was being sarcastic, you didn't get it. The truth is, it's too risky to trade like that within SL with avs you don't know. you NEED the trusted third party or people will get scammed. I hate to say this, but everyone isn't honest :(

By the way, I AM going to do it. Check out http://LindenMarket.com/

thanks
Buster Peel
Spat the dummy.
Join date: 7 Feb 2005
Posts: 1,242
10-12-2005 13:36
From: Domonee Benton
I was being sarcastic, you didn't get it. The truth is, it's too risky to trade like that within SL with avs you don't know. you NEED the trusted third party or people will get scammed. I hate to say this, but everyone isn't honest :(

By the way, I AM going to do it. Check out http://LindenMarket.com/

thanks

Right, we can't possibly trust Linden Labs. Who the heck knows who they are. I would much rather deal with LindenMarket.com. That's a web site, it must be trustworthy. They don't let just ANYBODY get a web site.

Buster
Seth Kanahoe
political fugue artist
Join date: 30 Jan 2005
Posts: 1,220
10-12-2005 14:10
Oh, my. It seems I just let loose the Dogs of Thread War.

I would think that it's obvious to everyone what the disadvantages of unstructured cross-game currency trade are, and what the advantages of a third party like IGE would be. And I would think that it's obvious to everyone that such disadvantages can be largely countered through some simple solutions, such as knowing and trusting the person you're doing business with. Heh, right?

But those matters, sarcastic or otherwise, are all off-point.

My real question was simple and fairly narrow: Is there anything in the contractual obligations, standards, or practises that you and I signed with, say, LL or WoW, that prohibits us from conducting such private trades? Is there anything formal that would prevent such trades from occurring at a rate that might have (a small) economic meaning in, say, SL?
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Eboni Khan
Misanthrope
Join date: 17 Mar 2004
Posts: 2,133
10-12-2005 14:14
WoW does not allow selling of game currency. Anyone caught doing so can have their accounts banned. My character isn't worth being banned over gold that I can earn with a little work. I mean there is a sure way to earn cash in WoW, in SL that is not the case. You can make something awesome and never make a dime off it, but in WoW, you can always make something.
Cristiano Midnight
Evil Snapshot Baron
Join date: 17 May 2003
Posts: 8,616
10-12-2005 14:20
From: Eboni Khan
WoW does not allow selling of game currency. Anyone caught doing so can have their accounts banned. My character isn't worth being banned over gold that I can earn with a little work. I mean there is a sure way to earn cash in WoW, in SL that is not the case. You can make something awesome and never make a dime off it, but in WoW, you can always make something.


Additionally, on top of it violating the WoW TOS, there are a lot of complexities involved in doing trades between a non-sharded world like SL and one that is not only sharded, but also has two completely separate factions on each server. It is not just an SL->WoW trade, but an SL-->a particular WoW server, either horde or alliance character only.
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Cristiano


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Tisha Benton
Registered User
Join date: 29 Jun 2005
Posts: 1
mmmk
10-12-2005 19:18
From: Buster Peel
Right, we can't possibly trust Linden Labs. Who the heck knows who they are. I would much rather deal with LindenMarket.com. That's a web site, it must be trustworthy. They don't let just ANYBODY get a web site.

Buster



Noted.
Domonee Benton
Registered User
Join date: 10 Jul 2005
Posts: 15
sorry, wrong account
10-12-2005 19:28
From: Buster Peel
Right, we can't possibly trust Linden Labs. Who the heck knows who they are. I would much rather deal with LindenMarket.com. That's a web site, it must be trustworthy. They don't let just ANYBODY get a web site.

Buster



Noted.
Phoenix Psaltery
Ninja Wizard
Join date: 25 Feb 2005
Posts: 2,599
10-12-2005 19:35
From: Buster Peel
Right, we can't possibly trust Linden Labs. Who the heck knows who they are. I would much rather deal with LindenMarket.com. That's a web site, it must be trustworthy. They don't let just ANYBODY get a web site.


She wasn't talking about buying through LindeX, Buster. She was talking about some average Joe in SL agreeding to sell L$ one-on-one.

And how is LindenMarket.com any different than dealing with GOM, IGE, or Anshe?

P2
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:cool:
Cristiano Midnight
Evil Snapshot Baron
Join date: 17 May 2003
Posts: 8,616
10-12-2005 22:14
From: Phoenix Psaltery
She wasn't talking about buying through LindeX, Buster. She was talking about some average Joe in SL agreeding to sell L$ one-on-one.

And how is LindenMarket.com any different than dealing with GOM, IGE, or Anshe?

P2


Until it is revealed who is operating it, it has zero credibility as a financial site. The difference is that Jamie of GOM had a strong reputation in the community. IGE is a large, established company, and Anshe is well established as well. The site will have an uphill battle to establish trust unless there is some well known reputation backing it.
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Cristiano


ANOmations - huge selection of high quality, low priced animations all $100L or less.

~SLUniverse.com~ SL's oldest and largest community site, featuring Snapzilla image sharing, forums, and much more.

Torley Linden
Enlightenment!
Join date: 15 Sep 2004
Posts: 16,530
10-13-2005 00:22
I am crazy, but not in relation to L$.
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Aria Madison
Wasting Time
Join date: 6 Jun 2004
Posts: 13
10-13-2005 07:03
From: Torley Torgeson
I am crazy, but not in relation to L$.


Hahahahaha! Aren't we all? :p
I love this long long long post. I also love that, other than the first reply, no one really answered my original question. What I was looking for was someone who is selling at less than L$250/US$1.00 to just give me their rationale for selling at that lower rate. I was merely curious as to the motive. I suspect it is impatience. ;)
Surina Skallagrimson
Queen of Amazon Nations
Join date: 19 Jun 2003
Posts: 941
10-13-2005 08:06
From: Aria Madison
Hahahahaha! Aren't we all? :p
I love this long long long post. I also love that, other than the first reply, no one really answered my original question. What I was looking for was someone who is selling at less than L$250/US$1.00 to just give me their rationale for selling at that lower rate. I was merely curious as to the motive. I suspect it is impatience. ;)


If EVERYBODY that currently has sell orders cancelled them and re-posted 20c more expensive then the buyers would have no choice but to continue buying at the more expensive rate. BUT, if just one person decided not to, then all theirs would get sold first and others would come in and post new orders at the same or better price so that theirs got sold as well.

You suspicions of impatience are well founded.
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Surina Skallagrimson
Queen of Amazon Nation
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Aria Madison
Wasting Time
Join date: 6 Jun 2004
Posts: 13
10-13-2005 08:12
Exactly! I know that it will never happen, but that's what I was trying to get at. If we all choose to sell at a higher rate, and I mean ALL of us, then it would work. It's not like it won't get sold if it's at a higher rate. I wish we could at least slowly move toward a better selling rate, but people just can't wait.
Dnate Mars
Lost
Join date: 27 Jan 2004
Posts: 1,309
10-13-2005 08:17
From: Aria Madison
Exactly! I know that it will never happen, but that's what I was trying to get at. If we all choose to sell at a higher rate, and I mean ALL of us, then it would work. It's not like it won't get sold if it's at a higher rate. I wish we could at least slowly move toward a better selling rate, but people just can't wait.

It is the same reason that business around the world don't change more then they do. The ones that try and do it, they get thrown in jail.
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From: Cristiano Midnight
This forum is weird.
Aria Madison
Wasting Time
Join date: 6 Jun 2004
Posts: 13
10-13-2005 08:27
From: Dnate Mars
It is the same reason that business around the world don't change more then they do. The ones that try and do it, they get thrown in jail.


It's illegal to raise prices?
Someone needs to tell the gas stations that...
Buster Peel
Spat the dummy.
Join date: 7 Feb 2005
Posts: 1,242
10-13-2005 08:34
From: Phoenix Psaltery
She wasn't talking about buying through LindeX, Buster. She was talking about some average Joe in SL agreeding to sell L$ one-on-one.

Let me spell it out because sarcasm is not always appreciated. I was responding to Domoneetisha's assertion that some average Joe needs a third party site because that would be more "trustworthy". In my opinion, Lindex is more trustworthy than any third party site would be.

I can't imagine any rationale for someone wanting to deal "one-on-one" with a stranger when there is a market.

Buster
Dnate Mars
Lost
Join date: 27 Jan 2004
Posts: 1,309
10-13-2005 08:35
From: Aria Madison

It's illegal to raise prices?
Someone needs to tell the gas stations that...

No, I am talking about price fixing. Sure you can try and raise your price, but if the market doesn't want your higher price, then you will be undercut.
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From: Cristiano Midnight
This forum is weird.
Dnate Mars
Lost
Join date: 27 Jan 2004
Posts: 1,309
10-13-2005 08:38
From: Buster Peel
Let me spell it out because sarcasm is not always appreciated. I was responding to Domoneetisha's assertion that some average Joe needs a third party site because that would be more "trustworthy". In my opinion, Lindex is more trustworthy than any third party site would be.

I can't imagine any rationale for someone wanting to deal "one-on-one" with a stranger when there is a market.

Buster


Better deals? Less fees? Sell it now, instead of wait for it to sell? These are all reasons I would use a 3rd party option.
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From: Cristiano Midnight
This forum is weird.
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