L$28,145,648 Forsale

In case nobody was counting, there is currently
L$28,145,648/million Linden Dollars forsale on
LindenX.

And by most estimates, that number only represents
about 5% of the currency in Float.

Just something to make you think what might happen
if everybody holding Linden Dollars went running for the
exit doors.. Can you say "Argentine Peso"?




L$290 / L$103,265
L$289 / L$125,000
L$288 / L$535,917
L$287 / L$725,228
L$286 / L$474,856
L$285 / L$1,188,460
L$284 / L$1,056,342
L$283 / L$2,777,727
L$282 / L$271,506
L$281 / L$1,209,976
L$280 / L$2,260,463
L$279 / L$926,939
L$278 / L$4,773,500
L$277 / L$636,044
L$276 / L$58,704
L$275 / L$1,064,216
L$274 / L$1,103,881
L$273 / L$46,579
L$272 / L$269,355
L$271 / L$264,894
L$270 / L$1,486,001
L$269 / L$126,111
L$268 / L$85,280
L$267 / L$1,532,861
L$266 / L$577,000
L$265 / L$285,807
L$264 / L$44,628
L$263 / L$567,500
L$262 / L$234,625
L$261 / L$548,437
L$260 / L$917,840
L$259 / L$20,000
L$258 / L$9,127
L$257 / L$102,576
L$256 / L$102,929
L$255 / L$21,467
L$254 / L$20,000
L$253 / L$302,574
L$252 / L$131,000
L$251 / L$222,580
L$250 / L$460,981
L$249 / L$20,000
L$246 / L$1,000
L$245 / L$150,250
L$244 / L$38,000
L$243 / L$2,700
L$242 / L$20,000
L$241 / L$22,000
L$240 / L$13,527
L$238 / L$5,000
L$235 / L$2,000
L$233 / L$1,000
L$230 / L$21,020
L$220 / L$229
L$210 / L$2,000
L$205 / L$1,000
L$200 / L$58,376
L$196 / L$2,400
L$195 / L$1,206
L$190 / L$13,334
L$180 / L$2,350
L$175 / L$2,510
L$150 / L$3,929
L$130 / L$140
L$125 / L$1,000
L$113 / L$118
L$100 / L$54,355
L$96 / L$200
L$80 / L$800
L$50 / L$3,050
L$39 / L$1,000
L$26 / L$1,000
L$25 / L$1,000
L$13 / L$7,314
L$10 / L$3,353
L$7 / L$8
L$5 / L$1,755
L$3 / L$580
L$2 / L$3,232
L$1 / L$10,736

Welcome to SL.

Wow, less than yesterday!

Isn't this less than a few days ago. Thanks for the good news.

How many of these millions are "piggybanked" L$ ?

Less that a few days ago, more than a few months
ago. Long Term People, Long Term..


Short Term = Static
Long Term = Trend

When you're doing long term analysis the amount by itself is not a measuring point. If there's now 28.1M L$ on sale and last year say 14M$. Does it mean a thing? Not really cause if there's now 560M L$ in total and last year 140M L$ than the floating currency has decreased.

The publicly available figures are very basic and are far from enough to make an educated guess. Guessing seems to be mostly related to what personal opinion one wants to prove, not a result of any real valuable information.

The point it proves is the 'ease' with which millions of
Linden Dollars can be posted forsale. It proves the
fact that Linden Dollars are becoming so numerous in
SL that more and more appear forsale on LindenX.

This confirms the fact that Supply outweights Demand.
Pushing the price lower. And the long term trend of the
L$ hammers that fact home.

Great! lindex SHOULD be easy to use.



As they should in a growing economy.



The amount offered for sale doesn't do that.



The only statement that remotely argues your point in your whole post. 25% right you flunk. Guess you'll have to take your much celebrated Econ 101 again next semester.

Sell the Claret, but buy up Pesos?
I gotta go call my broker.

SL is young enough that there is no 'long term' yet.
Give it a few years without dramatic code base changes.

Hey, I'm going to throw my own analysis into the fray.

Great. Then its safe to assume you will no longer be posting
in this forum since nothing is of interest to you. Good Bye...

ReserveBank Division

Total Posts: 416
Average posts: (6.04 posts per day)

Jamie Bergman The Capitalist Legend

Total Posts: 1,107
Average posts: 2.76 posts per day


Go RBD go go go, i think ur average to send posts is a SL record. Jamie you must work harder.

I have been working hard. Just inside SL and not on these forums. I will still post when circumstances warrant it. But thanks for your words of encouragement.

...I'm the weakest link?

*grins and he rezzes a chair and a glass of lemonade. Sits on the chair and wears the other*

I think I will hang out for a bit longer if you don't mind.

And after all the hype, the Linden Dollar is still Down...

Where are the "I Pay For My Stipends" people to
raise it up to L$250? Suckers...

Why the Hell would any "I Pay For My Stipedns" person buy back L$ up to the 250 L$/$ rate ? Stipends' rate is 361 L$/$, much more attractive than even the current LindeX rate.

Right there is one huge problem. If Phillip Linden is serious about the oft-quoted L$250/$ rate as a target, then premium should reflect that. Otherwise he should retract (or revise) the statement.

As I already told you: With so few variables you've got to be careful with your conclusions.

More L$ have come in the game indeed but does it mean a thing? If the population and spending has grown accordingly then nothing has changed. Are more millions posted on the Lindex? Sure, but has the turn over grown too? If so there's again not a problem. Learn to work with percentages instead of raw figures. You're being blinded by the size of the figures which makes me doubt you've experience in the financial area.

Is supply outweighing demand? Not really, it's not piling up, the rate is just moving because the current price is considered more than fair to those people holding millions of L$. Only if those people will get dissatisfied there will a change, not before. If those people moving big lumps of L$ cut the supply short for 3 days the rate would be back to 280 L$ or better.

So it's not the "I pay for my stipends"-people who are at fault. With a daily 6M L$ turn over the index is healthy. The people owning all the L$ obviously feel comfortable with the current rates and hence don't do anything about it. The big dump at the rate of 300L$ last week proved it nicely.

All of your assumptions refer to short term issues, yet the
Linden Dollar has been dropping month over month and now
year over year. Since Sept 2004, the Linden Dollar has declined
consistently. With only brief moments of an upward spike of a few
pennies.

So please, be my guest. Please detail why it is that valuation of
the Linden Dollar has declined from around L$170 in Sept04 to
L$290 in Mar06? And now it is flirting with L$300.

Then you have Linden Labs making baseless economic predictions
and wishful thinking of how the target value of the Linden Dollar
should be L$250. And yet, we are far, far, far below that target.
And once again, the L$ declines...

So it would make for wonderful reading to see you explain the
value in the Linden Dollar with the history, facts, data, etc that
prove otherwise. Please, be my guest.

As I said above:
"The rate is just moving because the current price is considered more than fair to those people holding millions of L$"

Read that a few times, check the total daily turnover, the amount of sellers and the amounts available and calculate what would happen once their were no more huge piles of money dropped at [current rate]+1. It's obvious that whomever has millions of L$ is not hurting when they sell them and so they do. If tomorrow they decide to consistently drop them at [current rate]-1 we'd get a steady decline.

Is it due to the stipends? Unlikely cause the turnover is too high for that. With 6M L$ a day you're not just selling what people have paid you by means of their stipends. Even better, if stipends would be preventing people from buying from the Lindex then you'd never have the current daily turnover.

The L$ market seems to have no pressure:
- plenty people are buying L$ without waiting for better rates
- plenty of people are selling L$ without pushing for better rates

So basically screaming on the boards won't influence the market. The buyers don't care all that much and the sellers seem to feel comfortable with the continuous [current rate]+1 scheme.

If you want to change the current flow convince those that hold the biggest lumps of cash that they are hurting. They can then consistently drop them off at [current rate]-1 untill you see a decline in turnover (which would mean you've hit the spot where buyer intrest starts to decline).

Now imagine I would tell you the above in any of the previous months and check whether or not it was true at the time.

Note that a lot of things remain undiscussed. If you'd want to solve this you'd need to know why those at the top are not hurt by the current rates. This would then require a study of the general dynamics of the goods market in SL. For example on the "Second Opinion" page you can see some limited July 2005 till January 2006 info. Note that the L$ was more consistent than the land prices which were rising. So at that time the purchasing power was dropping significantly.

Blakar:

You are not listening... Stipends are the problem, because they are
the primary vehicle pumping newly minted Linden Dollars into
the SL Economy. And for Years and Years the stipends have
flooded the SL economy. Helping to make the Linden Dollar's
valuation decline due to its availability.

You are looking at the daily amount of transactions of 6M+ and
thinking that 6M+ is somehow being removed from circulation.
That 6M+ number is just the back and forth trading of money.
1 Linden Dollar Sold is 1 Linden Dollar in another's pocket.
Waiting to be spent elsewhere in the economy, to one day
end right back up on the LindenX. What you are failing to
acknowledge is the US$ dollar price being paid as one party
sells and one party buys.

So like I've said all along, the supply of Linden Dollars in the
SL Economy continues to grow because the Stipend Spigot
refuses to be turned off. As such, more and more e-Money
piles into SL every Tuesday. Creating a Supply which far exceeds
Demand. The net result is a valuation that has declined from
L$170 to L$290.

I'd say pirates are a bigger problem!