Linden Labs Says (Raise Prices)

Funny... Linden Labs is now telling folks to raise their prices to
compensate for the decline in the Linden Dollar. All I can do is
laugh... If this isn't "Inflation", I don't know what is,...


Wiki: In economics, inflation is an increase in the money supply or an increase in prices.

American Heritage® Dictionary: A persistent increase in the level of consumer prices or a persistent decline in the purchasing power of money, caused by an increase in available currency and credit beyond the proportion of available goods and services.

Hey Lawrence, why don't you try this idea:

Stop Adding L$50/million month via Stipends?


Keep the stipends and raise the sinks by 3x or 4x so
the stipends and sinks cancel each other out. If you don't
stop adding new money to the money supply, you are going
to kill this economy.

Lawrence wont answer you, so let me answer in linden way:

"SL population is growing and we must add new L$ to SL to compensate it".

Now is the next question:
"Then why dont you let SL to decide this? Dont print new money, if SL needs it, SL will buy it from the lindex."

New answer:

"The money stock at lindex will melt with time and people wont be able to find L$ and L$ / usd value will go upto 100/usds. and economy will die."

Answer to the answer:
"Nono, just put unlimited L$ at 250/usd rate or 245/usd as LL, demand will buy it if SL needs new L$. PLEASE LET SL TO DECIDE IF IT NEEDS EXTRA PRINTED MONEY OR NOT".

Actually I was contemplating lowerring mine. Make up the diference in volume.

And Chicken Little screams, " THe L is falling, the L is falling." once again. Get a clue bud, I ain't gonna buy your L's even if LL does kill stipends. ESPECIALLY if I knew they were your's as I know the tactics you are indulging in and the FAST that a chosen few money mongers are behind this falling L value due to releasing large blocks via third parties to force a panic and lie about the causes thereby getting LL to make the mistake of following your suggestion of killing stipend so you can dbl your L prices overnight since ppl would then be forced to buy them since none of you with a ton of money will pay employees in game but rather take from "employees". Anyone who thinks the emancipation proclomation killed slavery hasn't worked in SL yet.

Lol - someone else calling it the same as I see it

Anyone who thinks the Emancipation Proclamation killed slavery is wrong in general. That wasn't its purpose, and it wasn't how it worked.

An economics post isn't complete until ReserveBank, Jonas, and Jamie have all copy-pasted their views, so I'd say this thread is just about done.

And I even provided a little info!

What I find most amusing is that those who keep harping on about how important the economy is seem to forget:

1) It's a game, economies are for real life, SL just has a money changing system.

2) The L$ has no actual value, nothing underpinning it to value it against.

3) Their solutions consist of 'kill stipends' and pretty much nothing else.

4) Whilst decrying the stipend, no doubt they are all gladly receiving theirs week after week.

5) Cutting stipends is the simplest - and most harmful to the general SL population - solution. More complex solutions risk their profit so they don't even want to think about them.

6) There only seem to be about 4 people - and their alts - vehemently opposed to the continuance of stipends. That's not representative of the SL population.

7) Being able to 'cash out' legally is something that no other online game does. Why is that? Because it's bad for the population! LL's plan in this is not "forward thinking", it's just ignorant of the reality.

To insist on calling SL a 'platform' is just snobbery. There is nothing wrong in it being called a game, and you're probably pushing away a lot of people who could come to SL by that attitude. Those who are likely to stick around, and spend money.... just the sort of people SL needs.

What I'd like to know is this: All those so upset by the game economy going where it is... why are you still here instead of whining on about irrelevant things as a smokescreen, surely there must be easier money to be made somewhere?

Lewis

I've been giving this same advice for MONTHS. It's about time it started comming from an official channel rather than just a well meaning resident. Perhaps now people will listen up a bit better and raise prices to create additional demand for L$.

I listened a few weeks ago and it still wasn't enough of a raise to match the Lindex. I jus hope everyone else does too otherwise I'll be undercut

I know. I think that the first person who makes a vendor that automatically prices content based on the current exchange rate will OWN the vendor market. llHttpRequest will be available soon!

And how many % shall I put up my prices to make AL you econimic gurus happy?

And the 1L fee to check the GNU for free - sales will be set to? (This one is a joke the other question are serious).

/Tina - EXAKT something)

You can make your prices whatever you'd like. I'm neither happy nor sad. It's YOUR bottom line, and nobody can decide what your efforts are worth but you.

Let me reply:


Only Print New Money when GDP begins growing from the
hard work of new population members?

Only a fool would grow the money supply based solely population
growth. Because there is (zero) assurance that new members add
value and grow the ecomomy. Does every new member open a widget
shop? Does every new member buy land?

If new members aren't growing the SL GDP, then growing the money
supply becomes inflationary. Additional money is only needed in the
economy if signs of deflation begin appearing because there isn't
enough money to process every transaction.

Ummmm Jonas, go back to school... Its kind of hard to have slaves when
they are "free". Unless you know of a way to keep a slave in a free country.





The Emancipation Proclamation 1864
By the President of the United States of America:

A PROCLAMATION

Whereas on the 22nd day of September, A.D. 1862, a proclamation was issued by the President of the United States, containing, among other things, the following, to wit:

"That on the 1st day of January, A.D. 1863, all persons held as slaves within any State or designated part of a State the people whereof shall then be in rebellion against the United States shall be then, thenceforward, and forever free; and the executive government of the United States, including the military and naval authority thereof, will recognize and maintain the freedom of such persons and will do no act or acts to repress such persons, or any of them, in any efforts they may make for their actual freedom.

I don't know but I took what was selling for a dollar in January (260L-265L) and priced it at 270 to 285L which is still way lower than what the value is now for a dollar.

I think you have a misunderstanding problem today, i also dont agree with the answer, i was trying to say, LL will answer you in that way.

Too bad for the suckers who you told the L$ would rise
to L$270 and today we are at L$324 and falling...

What does your crystal ball say today?

They remained slaves in unconquered states and in the North. It was also simply to try to lure the foereign countries away from allying with the south. The other countries were against slavery but for their plight- The north needed a way to keep the war 2 sided, and not have more enemies.

Go read a history book soemtimes..or better yet, I highlighted important parts in your post.

Edit: my girlfriend is a slave in a Master/slave relationship. We are in a free country.

I will continue to protest the movement to deprive me of someting that was paid for. I would lose $1.42 a week at todays prices. Getting something is better than getting nothing.
I refuse to give up my stipend to make others residents more income. We do not need to buy content in Second Life to survive unlike real life. No Food, transportation, housing, medicial or clothing costs. The only things we buy are the extra items. That special item of clothing, new skin/hair or other toy.
As long as these baka threads are made will respond to them.

My apologies Kaz....

When your contract is up, it won't be renewed... The day of
the Welfare Stipend is coming to an end... LL knows its inflationary
and destorying their economy. They are in meetings daily to hash
out a new economic structure. And your stipends won't be part of
that deal. So deal with it..

Huh? Wake up on the wrong side of the bed or something?