The Cure: A New Economic Model
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Metaforest Cheetah
Registered User
Join date: 18 Aug 2006
Posts: 82
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08-26-2006 11:20
From: Zulqadi Saarinen No offense, but if these guys were really professional traders, they wouldnt have sold their skill for so little returns as L$ can give. In my opinion they are just a bunch of wanna be's.
Quite a few weeks back I predicted a sharp rally in L$ valuation, you can access my old posts, and that was because I could see the technical formations in the chart, and these guys were shouting Bear, and everybody seemed convinced by them. Those who really have skills at trading stocks, they do respect themselves and their skills, and don't shout in forums like these guys do... thats more like a con job and not trading.
I wonder why people listen to them: they are so obvious! I'm not so sure that RL traders are any more respectful.... the SEC keeps them in check by strict policing.... It's not that they respect their skill, or the market, it's that they fear the consequences of being caught by the SEC for trade violations... I'm sure this doesn't apply to all traders by any stretch of the imagination, so chillout.... It is interesting IMO to see that SL demonstrates why strong regulation of trading in the RL is a good idea. SL is proving to be a very educational environment for me to explore finanical aspects of RL that I do not have access to... As for your predictions: it doesn't matter what you wrote weeks ago about what is happening today. Saying, "See I told you!!" seems as lame to me as the noisy BS the "Peanut Gallery" was spouting off about, weeks before I had even heard of SL.... By your own statements "Nostradamus",(bragging about your predictions) you are showing a lack of self-respect....  sheesh, =B-) |
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Maximillion Grant
Registered User
Join date: 29 Jul 2005
Posts: 172
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08-26-2006 11:25
From: Eloise Pasteur When? Sunday evening probably.
I wonder how RDB is doing licking his wounds? I think he's been busy shooing away all the flying pigs who keep crapping on this car....and right after he just washed it too  |
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Zulqadi Saarinen
Registered User
Join date: 30 Jan 2006
Posts: 47
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08-26-2006 12:40
From: someone =(As for your predictions: it doesn't matter what you wrote weeks ago about what is happening today. Saying, "See I told you!!" seems as lame to me as the noisy BS the "Peanut Gallery" was spouting off about, weeks before I had even heard of SL....
=B-) Thank you for telling me that my years of market study at highest institutions were futile. Maybe thats the reasons all investment companies and banks higher Technical Analysts and pay them 6 figure salaries so they could provide them, in your words, "noisy BS". I have nothing more to add to that, and no wish to indulge in a conversation like that. SL is a game, not NYSE, have fun 
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THE CONCEPTS
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Jon Rolland
Registered User
Join date: 3 Oct 2005
Posts: 705
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08-26-2006 12:51
If you can't post panic try to create it on the market. lol
L$288 / US$1.00 1 L$11,671
L$280 / US$1.00 1 L$100,000
L$278 / US$1.00 1 L$100,000
L$274 / US$1.00 3 L$202,231
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Metaforest Cheetah
Registered User
Join date: 18 Aug 2006
Posts: 82
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08-26-2006 14:23
From: Zulqadi Saarinen Thank you for telling me that my years of market study at highest institutions were futile. Maybe thats the reasons all investment companies and banks higher Technical Analysts and pay them 6 figure salaries so they could provide them, in your words, "noisy BS". I have nothing more to add to that, and no wish to indulge in a conversation like that. SL is a game, not NYSE, have fun Yes it is a game... and most of the "Peanut Gallery" seems to forget that. I was talking about the "noisy BS" HERE not on Wall Street!... Get off your high horse. It's a frikin' game... =B-) |
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Maximillion Grant
Registered User
Join date: 29 Jul 2005
Posts: 172
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08-26-2006 14:59
From: Metaforest Cheetah Yes it is a game... and most of the "Peanut Gallery" seems to forget that.
I was talking about the "noisy BS" HERE not on Wall Street!... Get off your high horse.
It's a frikin' game...
=B-) According to CEO Philip and LL, Second Life is not a game, it's a platform. I certainly don't consider it a game. Games have goals and ways to measure "success", such is not the case with SL. |
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Metaforest Cheetah
Registered User
Join date: 18 Aug 2006
Posts: 82
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08-26-2006 17:39
From: Maximillion Grant According to CEO Philip and LL, Second Life is not a game, it's a platform.
I certainly don't consider it a game. Games have goals and ways to measure "success", such is not the case with SL. Whatever.... I think you are picking nits... =B-) |
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Polly Pavlova
Registered User
Join date: 16 Sep 2005
Posts: 132
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08-26-2006 17:42
From: Metaforest Cheetah Whatever....
I think you are picking nits...
=B-) Not really, you're the one saying everyone is forgetting this is just a game. Not everyone shares your point of view, including the creators. For many residents, SL is their livelyhood. |
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Maximillion Grant
Registered User
Join date: 29 Jul 2005
Posts: 172
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08-26-2006 17:44
From: Metaforest Cheetah Whatever....
I think you are picking nits...
=B-) Not really, you're the one saying everyone is forgetting this is just a game. Not everyone shares your point of view, including the creators. For many residents, SL is their livelyhood. |
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Joannah Cramer
Registered User
Join date: 12 Apr 2006
Posts: 1,539
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08-26-2006 17:52
From: CJ Carnot Wow.
Is Anshe on holiday or something ? Apparently she's busy trying to corner IMVU money market http://www.taunt.com/2006/08/can_anshe_chung.html |
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Eien Stein
Registered User
Join date: 24 Apr 2006
Posts: 10
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08-26-2006 18:09
What is IMVU?
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Dmitri Polonsky
Registered User
Join date: 26 Aug 2005
Posts: 562
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08-26-2006 19:26
From: ReserveBank Division The structure in which players acquire Linden Dollars is flawed. No matter what people say, you can't ignore the pending problem of too many dollars in SL causing inflation and/or a cronic devaluation of the currency.
The cure to the problem is to create a Central Bank. Starting on Day 0, all Linden Dollars are wiped off the face of the map. Linden Dollar (Mach 1) will be retired from circulation. So sell while you can, because the end of days is near.
On Day 1 (1/32nds of second after Day 0), the New Linden Dollar (Mach 2) is created. Although it will not replace the (L$Mach1) dollar. At this moment in time, the money supply of Second Life is L$0.00. Nobody has any of the new L$ Mach2 dollars. The only way to get a new Linden Dollar is to borrow it from the Central Bank with a mandatory repayment contract that you pay back the borrowed L$ + Interest over a given period of time (52/weeks). Maybe on Day 1, the interest rate is 0.00% to get the money out there and expand the money supply.
What this structure will do is create money from debt. When Player A borrows L$100,000 from the Central Bank, they will spend it however they want. Land, Widgets, Sell it on LindenX, whatever. This puts L$100,000 into circulation within SL for other players to use and abuse. Player A now has to repay that L$100,000 @ 2% interest over 52/weeks. Which comes to L$1961.53/per week. This means Player A has to do "something" within SL to reacquire L$1961.53/per week before the Linden Tax Man auto-deducts Player A's account for the money. If he doesn't have the L$, his account will be in the negative. And any dollar Player A acquires will be auto sent to the Central Bank to repay the loan.
But lucky for Player A, Player B is hiring SLers to run a Casino and the pay is L$2000/wk. Player B is making lots of money off gambling because that originial L$100,000 which was loaned by Player A from the Central Bank ended up into the hands of 500 players through various means. And they are all dropping their money on the Slots.
So thanks to Player A for taking out a loan of Linden Dollars from the Central Bank, the SL money supply expanded from L$0.00 to L$100,000. And thanks to Player B for having a vehicle for Player A to repay the loan back to the Central Bank. And because 300,000 other players (if that many really exist) all do the same thing, the money supply can expand and contract as needed. And the Central Bank can control the supply of dollars in the economy through raising and lowering interest rates.
The Long/Short of this monetary structure is to allow the economy to expand and contract to compensate for economic changes and to create a stable economy in SL. If the Linden Dollar is going to be a Fiat Currency, might as well structure it to be 100% fiat. Translation...RBD is looking for yet another way to screw over the genral populace out of thier USD. |
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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08-26-2006 21:29
From: Dmitri Polonsky Translation...RBD is looking for yet another way to screw over the genral populace out of thier USD. Hahahah... If only you knew the inside story on what is going on.. lol |
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Jon Rolland
Registered User
Join date: 3 Oct 2005
Posts: 705
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08-26-2006 21:39
From: ReserveBank Division Hahahah... If only you knew the inside story on what is going on.. lol If he did he might be able to give you a clue. BTW hows your flyin pigs doin? |
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Warda Kawabata
Amityville Horror
Join date: 4 Nov 2005
Posts: 1,300
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08-26-2006 22:09
Can you imagine what would happen to any RL government that declared all the old currency to be no longer legal tender?
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Dmitri Polonsky
Registered User
Join date: 26 Aug 2005
Posts: 562
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08-26-2006 22:18
From: ReserveBank Division Hahahah... If only you knew the inside story on what is going on.. lol I do. Now if only you used honest business methods rather than manipulation techniques. |
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mcgeeb Gupte
Jolie Femme @}-,-'-,---
Join date: 17 Sep 2005
Posts: 1,152
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08-26-2006 22:44
From: ReserveBank Division Hahahah... If only you knew the inside story on what is going on.. lol LOL. If you knew, you wouldn't have said the $L would continue to weaken further when it was 330/1. |
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Cheyenne Marquez
Registered User
Join date: 19 Sep 2005
Posts: 940
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08-26-2006 23:12
From: ReserveBank Division Hahahah... If only you knew the inside story on what is going on.. lol Be particularly careful with the subtle insinuations of connivance or of vague and ambiguous conspiracies. They are often indications of a weakening argument, or interpretation of ones particular point of view. |
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Eloise Pasteur
Curious Individual
Join date: 14 Jul 2004
Posts: 1,952
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08-27-2006 00:39
From: Warda Kawabata Can you imagine what would happen to any RL government that declared all the old currency to be no longer legal tender? Actually it has happened a number of times, in one of two ways. For example in 1971 the UK went to decimal currency. There was a switch over period which confused some and things settled down. Some time later they phased out pound notes for pound coins, again some confusion, and it settled down. Under Maggie's tender leadership (I think Norman Lamont was chancellor at the time, but not sure) there was also at least one revaluation of the pound deliberately introduced. They may have caused some confusion, but it can be done without disaster. Of course the way RDB is suggesting is more akin to what happens following a revolution, or, occasionally, during a war. Unusual act for a banker... Not always a disaster, but way more often than not. |
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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08-27-2006 08:41
Gould and Fisk. Need I say more?
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Lord Sullivan
DTC at all times :)
Join date: 15 Dec 2005
Posts: 2,870
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08-27-2006 09:32
From: ReserveBank Division Right here: https://secondlife.com/currency/market.php Stuck in a trading range at L$300 for weeks.. Hit me up when you see it rally to L$290.. I'll call the farm and tell them release the Pigs to begin flying.. 2006-08-25 291 280 16,112,035 280 288.33 303 4 5,465 213,664 OK get dialling the farm  Peace
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Independent Shopping for Second Life residents from established and new merchants. http://slapt.me  slapt.me - In-World HQ http://slurl.com/secondlife/Bastet/123/118/26
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Adriana Caligari
Registered User
Join date: 21 Apr 2005
Posts: 458
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08-27-2006 11:09
The Cure: A New Economic Model
Selling Linden Labs to "The Cure" wont help matters - or are we supposed to play their songs and things will change ?
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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08-28-2006 07:16
The Old Gould and Fisk plan works every time... Thanks for the Money... |
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Zonax Delorean
Registered User
Join date: 5 Jun 2004
Posts: 767
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08-29-2006 01:19
From: ReserveBank Division The Old Gould and Fisk plan works every time... Thanks for the Money... Just call. The farm. |
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Keiki Lemieux
I make HUDDLES
Join date: 8 Jul 2005
Posts: 1,490
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08-29-2006 07:27
Good strategy RBD... when the markets make you look like a complete fool, you pretend that it was actually you who orchestrated it.
Oh... pigs... flying... over... farm...
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imakehuddles.com/wordpress/
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