Second Life Needs Stable Currency - n I'm not Anshe Chung

You need to update your information sources. Washington States min wage is $7.63 and Oregons is $7.50.

Here is a nice page with current info. Just click a state: http://www.dol.gov/esa/minwage/america.htm

This strikes me as an even worse idea. For the following reasons. You are effectively saying here that you are going to mark up your prices if the deal is done in L$ to rates potentially higher than they are already to try to give incentive (force may be too strong a word and incentive to weak) buyers to deal in A$. Many are going to resent this. And left over A$ will still need to be converted to other currencies in many cases and the fees for this still have not been stated. Resentment in one aspect of a business has a nasty habit of carrying over to all other aspects.

I suspect what is really going on here with you initial announcement and followup posts is that you are studying the responses of the forum denizens. From these responses you will refine your plan of action on this issue. * shrugs* it's what I would do not rocket science.

Weather or not you are manipulating the Lindex to force the L$ to that critical point where your plan must come into action I can't say. There is no concrete proof. I will say it has crossed alot of minds but that does not mean you are doing it.

I will say I think this plan is very ill advised particularly at this point in SL history. The age play debacle has brought SL to public notice in a less than flattering way that may well bring authorities into the game. Also there has been some noise about getting the California gambling commission into SL in which case BECAUSE Lindex exists might well leave LL holding the bag of unregulated gambling (in game casinos). The last thing SL need at this point in time is a currency clearly backed by RL money. The L$'s RL value is still just grey enough LL might wiggle out of an unregulated gambling charge. The A$ Likely will not be.

I do have to give you kudos for guts though. It's an enormous risk. Gain is potentially fantastic but you might well lose your shirt and all of us might lose SL.

Beginning to think I am the only one who's seen the broader issue..Anshe produces the A$...she needs more she jsut released it..right to her own pocket. At that rate no one will ever beat her at auction again since jsut printing more up is no loss to her.

Beginning to think I am the only one who's seen the broader issue..Anshe produces the A$...she needs more she jsut released it..right to her own pocket. At that rate no one will ever beat her at auction again since jsut printing more up is no loss to her.

Beginning to think I am the only one who's seen the broader issue..Anshe produces the A$...she needs more she jsut released it..right to her own pocket. At that rate no one will ever beat her at auction again since jsut printing more up is no loss to her.

If she does this one of 2 things would be true. Either she has bought more Silver Euros to back it or she hasn't.

That doesn't work, for the same reason that Lindens aren't allowed to use their "unlimited L$" power to buy up everything in the game.

The A$ is going to be backed apparantly by some amount of EUR. If Anshe just manufactures extra A$ without adding more EUR to the fund, it gets devalued.

Actually it does work to an extent her plan was for a floating currency with a guarenteed floor. Lets say she placed that floor at $250A=$1EUR if the currency appreciated to $150A = $1EUR she could add unbacked $A's to her account till she devalued it to $200A = $1EUR As long as she keeps the exchange rate above her floor she doesn't have to worry about the unbacked currency if it starts devaluing too much she just starts buying it back and deleting it she still loses nothing since she never paid for that currency she just closes a no interest loan to herself WITH a profit since she's buying it back cheaper than she sold it. Pretty sweet eh?

Yes, it is a good deal for her but you forget. You have to make people take it! Selling land now requires Lindens!

The idea is to give buyers both options: buy in L$ or use one more stable currency to buy. The prices in the more stable currency however would need less markup for cover the risk, expected devaluation and all this kinda thing. Risk and uncertainty can be expensive, stable currencies can therefore save money.

Bit harsh.

Plus,thats Your opinion. Its not mine. I have been paying Anshe for about 7 or 8 months, and have nothing but praise for the company.

I didn't forget in fact i said i wouldn't take it. I'd leave SL before I'd be fool enough to compete with her while letting her control the value of my money, even if she didn't prove herself incapable of keeping up with her own finances much less mine.