17.7M in Sinks to a whopping 59.2M in Sources!!

Transition can be worked out. One work around would be to continue to provide priemum stipends till contract ends. Once the contracts ends (month, quater, year) They are then switched to the new "land ownership" plan. In the case of "life time preimum" members.. LL would just have to eat those.

One problem I see here is that if the current trend of "cheaper to rent than to own" continues, LL would see a significant drop in revenue as the only other incentive of being a preimum member would be gone.

Another option would be for LL to first buy $L from LindeX before printing more $L to pay for stipends.

It would work like this:
LL would essentially has a standing buy order at a fixed price: for argument sake $325L/USD( would be adjusted according to economic growth plan, company revenue requirement and currency stability target). The $L from this would be used to pay for stipends. If the amount of $L gain from this is not enough, LL would then print additional to pay for the stipend. This would incurr additional cost to LL as they would need to spend revenue collected to buy $L.

Continue to print money without the economic strength to back the currency up is not a sound policy, it's called Ponzi Scheme.

When and if Linden drops stipend, I think I will start a movement to get ppl to absolutely REFUSE to buy your L's til they fall even further. Again since most jobs in SL do NOT pay if Stipend is removed, LL would ahve to put into place an ENFORCABLE minimum wage with stif penalties on all employers who did NOT pay. Your whole prob is not everyone buys L's from you. This is a place to relax and create. It already costs more than any other VR chat online> Your solution to the problem is merely to drive the costs in real dollars even higher so you get fewer ppl in to buy your precious L's...once again that is a non solution. The REAL solution would be for LL to make it a violation of the ToS to sell L's as a third party. Take control of it themselves. If you want to cash out you do so to them at a fixed rate, and if ppl want to buy they do so at a fixed rate with say a ten percent markup so Linden makes the money. IF you're so worried about it why not create some content instead of just playing games specuatling and trying to CONTROL the L market by releasing huge blocks on e-bay to drive the price down so you can panic and lie about the real causes of the L dropping.

Linden isn't flooding a thing. What's flooding it is pl like you releasing large blocks all at once on e-bay trying to drive the price down so you can scream about stipend ( which of course is a blatant lie as to the causesd of the falling price) thereby fooling LL into killing stipend and forcing ppl to buy L's from you money mongers. Once again if you were to pul this kind of market fixing ploy on the NYSE it would buy you a very fast visit with warrants to go over your records from the SEC, Treasury dept and the IRS IRL. Personally I think LL neds to ban all third party sales of L's and put them at a fixed rate of exchange..you wanna sell you sell to LL..you wanna buy you buy from LL at a fixed rate also, with say a ten percent markup thereby making LL more money. At least it would stop your BSing so we could get on with enjoying life.

I think most of the reason the value of YOUR L's seems tro be falling is ppl just don't want to buy from Chicken Little.

(RBD runs SCREAMING: " THE L IS FALLING, THE L IS FALLING"

ROFLMMFAO

Stipends are not the major problem. The real problem is ppl like you and RBD feeding pl a BS line trying to create a panic where there is no reason to do so in an attempt to lead them as if they were a flock of sheep for you to herd.

Spare me... Your n00bness fails to acknowledge the Linden Dollar
has been on a decline since Sept 2004 when it was around L$170.
I don't think anybody can "panic" a market to keep selling for
two years.

Sorry wise man, in the end, it comes down to fundamentals. And the
fundamentals of SL is an over supply of the Linden Dollar in circulation.
Net Result, a continued downward pressure on the currency against the USD.

No matter how anybody argues the point, when you print too much money,
you get Inflation. The proof can be found in the Wiki under Inflation, clear
as the morning sun:

In economics, inflation is an increase in the money supply or an increase in prices.
http://en.wikipedia.org/wiki/Inflation


As long as LL keeps printing new money faster than they remove it,
and doing it at rates far in excess of the population and/or GDP growth,
the Linden Dollars will (AWAY) continue downward. Its a given.

After 2 years, the proof is in the numbers... L$170 ----> L$315

Lol...Dmitri is delirious.

We have an economy composed of 17 million in sinks and 59 million in sources, of which 50 million of its 59 million in sources are distributed in the form of stipends...

...and he says stipends are not the problem.

What a hopeless socialist he must be to try and dispute the facts before him in the form of hard economic numbers...

...and all in a pathetic attempt to keep the measly fifteen cents that basic stipends provide.

Stipend Tuesday is almost here.. Lets see how much the
Linden Money Supply Grows... I'd estimate we will hit
L$675/million tomorrow.


Current: Total L$ Supply (L$) 660,693,442


And unless somebody buys up all those new dollars,
down goes the L$ valuation once again when they hit
the open market.

and I suppose you dumping lage blocks on the market under alts so the price goes down so you can suck up more at a lower level has nothing to do with it? Linden want's it stable the obvious solution is BAN all third party sales of L's..you cash out to them and them only or get all of your accounts frozen. Then if you wanna buy you buy from Linden which charges a nice small ten percent markup, thereby removing all instability since it's all at a fixed rate of exchange, plus it has to added benefit of making Linden a bit more cashflow.

I'll give you the cold hard facts. Maybe I am basic but this is a PAID basic account. I tiered down because it became obvious that as long as Linden would allow corruption within this chat as they do there's really no point in trying to get ahead. I keep to myself. I build things...I CREATE SOMETHING OTHER THAN UNFOUNDED PANIC. 50 L's stipend doesn't amount to a hill of beans. At that rate it takes over a month to buy one decent set of clothing in SL. As far as buying property on that might as well forget that notion as it ain't gonna happen for years. The REAL problem is idiots coming onto the forums spewing nonsensical BS to create a panic that they control and use to control the L market. You want L value to go up..STOP SELLING UNDER PSEUDONYMS FOR 500+ per USD on e-Bay. Your major problem and RBD's is I proposed a wrkable solution. Make it a bannable ofense against the ToS to indulge in any third party sales or purchase of L's. You want to sell you sell to LL at 300 per USD...you want to buy you buy from LL at 250 per USD...this has the added beneift of making Linden a bit more real world operating capitol along with stabilizing the L market since it would then be at a fixed rate.

And you know what amazes me the most? The high degree of ignorance you ascribe to everyone who is not part of your little " Let's create a panic and control the market" group.

Now, I had best get of the soapbox before RBD and Cheyenne try to start telling me how the US shipping 500,000 high paying jobs overseas, while providing 5,000 minimum wage jobs at MacDonald's is good for the US economy.

I agree a large portion of resources appear not be included in the chart.

Well I am not convinced that the relationship between the inworld money supply and the lindex is that direct-since not every linden in world reaches the market. As I said, a lot more data about purchasing patterns and spending is needed.


Of course there is one other alternative logic: No stipends=no players=no economy.

Just food for thought about the practicalities of making a game successful versus making a few players rich.

^_^ Oh yes your the final authority! I must be playing a different version of SL than the one available in your country. I play the one operated by Linden Lab based in San Francisco CA. USA< remember that US$ thing? Those things that LL is making hand over fist? please let me know which one your on, would like to check it out.......

Exactly.

Who is going to try SL if they have to buy L$ to try out some of the basic features like content creation (textures)?

It will be interesting to see what happens if the stipends are removed. And I would have to agree that a large part of the L$ issues directly comes from a few power players dropping HUGE amounts of L$ on the market to devaluate them intentionally. Inflation through market manipulation. Don't think there aren't people making money off this.

Oh... and that reminds me...

I would be willing to bet that LL is making it know to the playerbase that they reserve the right to sell L$ specifically so the buttmunchers who are hording L$ with the hopes the stipend will go away will have their profits throttled by setting the market value of the L$ if the supplies force the price up too high.

Smart move on LL's part. Sad news for those looking to make a killing on pooch screwing the rest of us.

Exactly.

Who is going to try SL if they have to buy L$ to try out some of the basic features like content creation (textures)?

It will be interesting to see what happens if the stipends are removed. And I would have to agree that a large part of the L$ issues directly comes from a few power players dropping HUGE amounts of L$ on the market to devaluate them intentionally. Inflation through market manipulation. Don't think there aren't people making money off this.

Oh... and that reminds me...

I would be willing to bet that LL is making it know to the playerbase that they reserve the right to sell L$ specifically so the buttmunchers who are hording L$ with the hopes the stipend will go away will have their profits throttled by setting the market value of the L$ if the supplies force the price up too high.

Smart move on LL's part. Sad news for those looking to make a killing on pooch screwing the rest of us.