Has anyone noticed?

That when the Linden offices close the inflation reverses? Look at the chart and note the weekends and holidays. The problem is clear.

Anyway WTF do we even HAVE a market? What is the point? To drain value from us? People are pulling their items off the market and selling them with a price set at the time based on the current value that they can cash out in real USD now. It's only a matter of time before people start selling things direct through PayPal. It's already an option on SLX.

The solution is clear. Freeze the market at L$333/$1USD. Happens to be there NOW. Multiple everyone's account times 3. Set and LOCK the rate at L$1000/$1USD. This allows easy conversion (it's almost metric of currency. It creates a micro currency that can be used for things outside SL as well. Later SL could become the next PayPal. It positively ends the incessant whining about the value of the L$. Really people. CASH OUT AND SHUT UP!

The problem is clear. The solution is clear. Although the problem clearly indicates the solution will never come.

ROFL! Right, ok, fine...
Um, ever heard of the weekend effect?
Nice thought though

Freezing the market wouldn't work. It will take ages for people to sell when they want. People will always find a way to cash out quicker, and cheaper.

I think what is needed is for us to completely switch to USD, no Lindens...

Read the WHOLE POST. My plan ties it to the USD.

Which taxes all your prfits and creates a huge problem with prostitution, gambling, drug paraphenalia, and transfer fees...oops.

Make selling on third party sites bannable and enforce it- and make sellers wait.

wow some people realy want to destroy this game

the minute you introduce real world currency into this all kinds of laws kick in

we have people from all over the world playing this game and they will have to deal with legal repurcussions to play using real currency

some places gambling is illegal
drugs
prostitution

not to mention that this would become income to me and i would have to start keeping books in order to play this game and pay the feds if i made money

LL would have to start sending out tax forms it would be a nightmare

You said WHAT?! LOL - ROTFL, ROTFLMAO, ROTFLFAO!

That's just too funny. HA! OMG! LOL! I can't stop....please....air....can't...breathe!

HAHAHAHA!

heee heee...

whoa-ho...heh

nicker:

Weekend Effect? Which Linden told you that?

Let me spell it out for you.

The LindeX Market Data chart ISN'T UPSIDE DOWN. It is headed towards the goal. The weekend sellers aren't the only ones smart enough to sell at a better rate. Fact is your weekend players are MORE LIKELY to sell at market.

Here's what happens next:

1. The rate continues to climb, right on track. People continue to throw a fit. The Lindens HAVE TO remove more stipends. And those people have to buy them. This round will either be ALL FREE ACCOUNTS or NEW PAID ACCOUNTS.

2. The rate continues to climb, right on track. People continue to throw a fit. The Lindens HAVE TO remove more stipends. And those people have to buy them. This round will either be ALL FREE ACCOUNTS or NEW PAID ACCOUNTS. Which ever didn't get it last time.

3. The rate continues to climb, right on track. People continue to throw a fit. The Lindens HAVE TO remove more stipends. And those people have to buy them. This round will be ALL ACCOUNTS.

All the while you'll practically BEG FOR IT. Last up they eliminate First Land (Just In Case). And the market suddenly reverses. And probably the chart. Why? Once they're selling you L$ and not giving them to you then it's time to increase the profit.

So why not do it all at once? Because you loose too many people. Over time the looses will be less and again YOU'LL BEG FOR IT!

Need more proof? They've announced the selling L$. They're not disclosing rates, times, and amounts. First step will to stop giving them away.

So why is Philip Linden deceiving us? HE ISN'T. Just like when he stated "LL is not for sale" and yet steps were taken to make it look really good. Then they "Score $11 Million in Funding". Although I bet that wasn't with NOTHING IN RETURN. Still the company didn't sell outright. He Didn't Lie. The truth is carefully phrased to lead your mind where they want it to be.

All that being said. The time to sell isn't now. That has passed. You either need to wait it out (be prepared for a year or more), or cut your losses. Great time to buy and it only gets better. Best time to buy though is just before the bounce. (Watch your charts closely)

Yesterday, May 31st 2006, at 12pm the volume of open buy orders was L$ 27,957,585. The volume of filled sell orders was L$ 11,067,824 this day. Now if all the sell orders were at the same rate it would take 2.5 days to fill them all.

they are already selling us lindens. Well, some of us.

But, the day before that and the day before that the total volume was also around $10,000,000. Wouldn't there be another $10,000,000 added every day, effectively pushing the 2.5 days into future infinity?

This is exactly how I figure it. (Key points bolded.) And stated so in a thread I made about the economy on www.secondcitizen.com a week or two ago.

And is also why I would not sell any Lindens now.

coco

You forget that 10 millions are sold as 10 millions are set for sale.

But that's 10mil a day. What happens to the other $15,000,000 for the other 1.5 days?

Hmmm, if you look at the charts, or the numbers, you'll see that each weekend the L$ 'recovers' slightly, then resumes it's drop in value.

The reason is I believe, nothing to do with the lock on the LL office door. It's because of an increase in logged on residents and subsequent increase in demand for L$ over the weekend which soaks up the 'cheapest' L$ and, for a short while, increases the value of the L$.
The L$ responding to the same influences that quadruple my store turnover during the same period.

Simple. And no, a Linden didn't tell me that. I used observation and common sense.

This works like a queue, the 15 millions are in front after one day, whereas the 10 millions set for sale that day form the end.

Took me a while, but yeah, I get it. Just hope it's true they're added to the end, instead of to the front with the undercutting >.<

Each weekend for the LAST 2. Beyond that your theory is not supported. Besides... Just like leaving some land up for auction, after a few days it runs out. Same with First Land. However if you're correct you still prove my point don't you?

Sell orders at a given rate are filled one after the other and it really works like a queue.

Yeah yeah... well, it's not just the last two weekends, it's every weekend - talk to any resident who handles a wide range of sales items.

Fixed rates, micro-payments and the like are topics that have already been discussed and shot down. (Why doesn't anyone ever look to see if something has already been brought up before they start a new thread?)

--
There will always be a higher demand for USD than L$.

That wasn't the reason for the thread was it? I've said it before and I'll say it again RTFT.

The numbers tell a different story:

May 18th: open sell orders: L$ 27,958,355 (time to fill these orders 3.2 days)
volume of filled sell orders: L$ 8,799,690

May 31st: open sell orders: L$ 27,957,585 (time to fill 2.5 days)
volume of filled sell orders: L$ 11,067,824

If the input into the Lindex was bigger than the sales, the volume of open sell orders should have grown.

Xerius the 31st data has an unknown number of resold L$ while the 18th dosen't you are comparing apples to oranges here.

Those numbers would still apply to the buy side of things, since regardless of whether it's the 18th, or the $L is being resold on the 31st, all the $L being bought off the sell orders are still being bought by instant buy type orders filled by non-traders.

Aside from that, I have no idea what I'm talking about