Re-evaluation Time

When any currency collapses its time for re-evaluation. This is what happens in the real world and I suspect its what needs to happen here.

I would say that a move from 280/1 to 328/1 in the last few weeks is an economic collapse - so Lindens lets have a re-evaluation, then perhaps we can look forward to a stabler economy. I appreciate its re-evaluating itself, but this will be a slow process with the Linden collapsing over the next 3 or so months - lets end the agony and re launch the Linden at a sensible rate now.

I nominate 500/1 - it will be there by the summers end anyway. Lets do it now so we can all move on.

500 / 1 is a reasonable assumption based on the continuing Linden federal deficits which will place the money supply at well over L$1,000,000,000 (one billion) by year's end. This will have a SERIOUS impact on the value of the L$.

It's play money. If it remained so, nobody would be bothered.

Ever since I started playing, I have maintained that being able to legally cash out game money for US$ was a bad move. Not once have I been proved wrong.

Those who are here just to make money... can shove off as far as I'm concerned.

Lewis

Tell that to Philip, "Make Money HERE!!!!" seems to be their marketing thrust as of late. I think you are out of sync with the times. Philip rules all.

What you fail to understand is that ALL money is play money, including the US dollar.


Now, if we traded in salt or something, I guess money would have real value, but that paper stuff, it's all play money.

There are actually more shades of gray than just "open source GNU freebie people" and "evil capitalist (content/land) barons".

In some cases it has simply made some 'starving artists' a little less starving.

But an "us and them" attitude is -much- more exciting.

I bought a BigMac with my play money today. It didn't taste like it was plastic or a toy burger.

If I can get through on the next Town Hall, I certainly will challenge him on their one trick marketing failures, and tell it to him straight - because it seems that he doesn't realise it and none of the marketing monkeys do either.

One thing you seem to forget - and many of you capitalists seem to forget - is that regardless of what Phillip Linden or you think, without players there IS no game.

Sure, we need LL to have SL to play - but SL needs people to play it to pay LL to keep it going. Neither will exist without the other, and unless you capitalists are somehow going to mount a takeover bid, there's nothing you can do to change the situation, and even then... without players, you're SOL.

Lewis

There was probably more nutritional value in the packaging... but that's a different story.

As I've stated clearly many times before, I don't have a problem with people with talent covering their costs, or even making a profit out of SL. What I find difficult to deal with is people who are only here to make money, with no sellable talent, and nothing of value to benefit the game.

It's the same old story... if you have money to start with, you can make more. If you don't, tough.

Lewis

It's the same old argument of who needs who, workers needing business wners, or business owners needing workers, except here it's a question of whether players need content creators, or whether content creators need players (with $L). The answer is they both need each other, and LL knows this. It's getting the right mix of each that's the problem. Plus LL is a company which has profits as its goal (as all companies do, and as it should). Content creators who depend on the $L economy provide a valuable addition to their bottom line just as do the huge number of freebies running around, and the much fewer number of monthly premiums.

Well, on that, I agree, however, if someone is managing to get money for not doing anything at all, then whoever is giving them that money is a total idiot. Trading on the market provides a service of exchanging one person's time and effort of keeping track of the market with someone else's need to save time. Someone who is making money by buying land and renting it out, themselves just sitting back and collecting the rent payments, actually had to put some money and effort into aquiring the initial amount of money, and setting up the land and rent accounts to begin with. You no doubt will agree with me as well that there are very often times when the people get A LOT more money in return for their investment than the actual work they put into said investment, at the expence of the haven-nots, but that's kind of a different issue here I think.
and if you don't have money to start, work for it.

I wouldnt mind seeing a continued and stable return for the time and effort I invest in my designs.

Shocking concept I'm sure, but these days it's getting difficult....

Do I raise prices and feed the inflation model?
Do I create more content to make up for it which will take more time and effort?
Do I abandon / sell my sim to cut back on overhead?
Do I game the system in some way to try and maintain my return?

None of these options are attractive to me....

One other option might present itself

Do you want fries with that?

btw, Lewis, here's another example of how I help out SL. Although I could've set up the Buy order at $361/$1US, I think that's ridiculously low, so I set it over $5L cheaper, just so that the unsuspecting noobs don't get cheated out of their money. Possible cost to me of about $2US 9what I could've earned)

[edit]
Sorry, just did the actual calculation. It's at the cost of US$18.11 to me. You're welcome.

"RBD"s and "Lewis Nerd"s are forming a symbiosis here in SL. If the amount of "RBD"s and the "Nerd"s isn't balanced, the whole "ecosystem" is breaking down. You have to see the Lindex as some kind of mirror of that all. And as you have noticed, it is completely off balance. Too many "RBD"s selling their money and not enough "Lewis Nerd"s buying them.

Wonder what the spread margin value of Lewis to RBD is... $.$

Nobody has enough USDs to catch this falling knife...
The RBD Clan has Seized The Day...

I wonder how fast the linden will devalue if everyone who loses stipend refuses to buy RBD's lindens.

*shrug* i dont buy em now