Thought on fee payment and L$

I know that at one stage there was an option to pay land tier using L$. I don't know anyone that used it - because the rate was incredibly high - so much that using it instead of an exchange - then paying in US$ would have been INCREDIBLY BONEHEADED.

But with that in mind - would a system where you could pay L$ against the current exhange rate (give or take) on Lindex to pay your tier fees work?

Of course looking at it from LL's point of view - they eat a cost, because L$ are really worth nothing (if your just paying them back to LL - you get services, they get no exchange fees).

On the upside, could be a huge sink to 'destroy money' - which might stimulate more trading (and more fee collection for LL).

Dunno, just throwing ideas out there.

They might just offer the option for two thirty day periods a year. It would still sink lindens, and offer people an incentive to save a bit, without running LL broke from a perpetual lack of US$ collection.

There is precedent for LL eating a cost in a controlled manner. For example, the 10% tier bonus that's given to groups.

If it could be done on any scale it would be beneficial.

I came up with a useful idea? That's one the signs of the apocalypse I think!

There seems to be a growing problem with declining value of Lindens, and people are starting to dump their lindens as soon as they get them, speculating that the value is only going to get worse.

There are two ways for Lindens to stabilize the exchange rate. One is to drop Dwell payments, making stipends the only money that gets introduced into the economy.

The other way is to allow monthly tier fees to be paid in Lindens rather than US, at a set rate. If they set it at 300L per $1, so a tier fee of $5 could be paid for 1500L, it would have an immediate stabilizing effect on the economy.

Right now, people seem to be selling their Ls as fast as possible, causing inflation. Any Ls you sell shows up in your account as "credit" which can be used to pay any Linden fees, without any extra exchange fees, so it only encourages people to sell more lindens.

If they allowed direct payment of fees through Ls at a set level, the linden exchange rate would stabilize at that level, since if it went beyond that level, say 320 or so, people would buy lindens at 320 and pay their fees at 300, thus a fee discount. If it drops to 270, people would sell their lindens for cash and pay their fees with cash.