Change to Stipend Policy
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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05-25-2006 19:49
From: Robin Linden
In addition, effective Monday, May 29, we will no longer offer a L$50 weekly stipend to NEW basic account holders.
Existing basic account holders will continue to receive their L$50 stipend on the weeks they log in. Premium account holders, both new and existing, will be unaffected.
Hooray!!! The Anti-Stipend Forces are making head way with the Linden Lab Leadership... Next Mission, end the L$50/stipends to every non-premium user. Then finally, end all L$500 stipends....
Anti-Stipend Forces: 1 Pro-Stipend Forces: 0
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Musicteacher Rampal
Registered User
Join date: 20 Feb 2004
Posts: 824
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05-25-2006 19:50
I'm sorry I just don't think this is going to do any good, nor will any other cuts. LL cut dwell 50% they're going to completely cut it soon, and with each new cut announcement the $L drops further. Why oh why do they think cutting even more is going to make one bit of difference. the less $L people get from LL, the less they are willing to pay for $L's.
Seriously, if I get some, and can save some and need a little extra I'd be happy to buy it. But if I'm getting nothing and have to buy for EVERYTHING I want then I want to pay as little as possible for those $L's.
The more they cut, the more the $L is going to drop, especially with limit buy's available.
Bad Idea!
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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05-25-2006 19:50
From: Chris Linden They are shown the best rate they can get at the time their web page is delivered to them. Remember the market is active and fluid. In the distance future, we may find that we need to provide streaming quotes of LindeX activity. However, for the moment please refresh your page to get the latest price quotes. Chris: Jonas is a Socialist. He can't understand anything other then Controlling Free Markets... You are talking to a brick wall.
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Nicole David
Furniture Queen
Join date: 7 Sep 2005
Posts: 134
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05-25-2006 19:55
From: musicteacher Rampal I'm sorry I just don't think this is going to do any good, nor will any other cuts. LL cut dwell 50% they're going to completely cut it soon, and with each new cut announcement the $L drops further. Why oh why do they think cutting even more is going to make one bit of difference. the less $L people get from LL, the less they are willing to pay for $L's.
Seriously, if I get some, and can save some and need a little extra I'd be happy to buy it. But if I'm getting nothing and have to buy for EVERYTHING I want then I want to pay as little as possible for those $L's.
The more they cut, the more the $L is going to drop, especially with limit buy's available.
Bad Idea! Well I don't think the $L is falling because of this - and if it is I am sure it will just be a quick faze. I think the reason the $L is falling is because the buyers are controlling the market now - not the sellers. Dunno who thought that would be a good idea! 
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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05-25-2006 19:57
From: Nicole David Well I don't think the $L is falling because of this - and if it is I am sure it will just be a quick faze. I think the reason the $L is falling is because the buyers are controlling the market now - not the sellers. Dunno who thought that would be a good idea!  Buyers controlling the market? Yeah, they have all chosen not to buy... Allowing the sellers to push down the value until the buyers start jumping in.
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Ranma Tardis
沖縄弛緩の明確で青い水
Join date: 8 Nov 2005
Posts: 1,415
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05-25-2006 20:07
From: ReserveBank Division Buyers controlling the market? Yeah, they have all chosen not to buy... Allowing the sellers to push down the value until the buyers start jumping in. In the last week money supply is up about 1.5% but the Linden went down 8%. There is more to this than increased supply. Do the math!
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mcgeeb Gupte
Jolie Femme @}-,-'-,---
Join date: 17 Sep 2005
Posts: 1,152
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05-25-2006 20:13
From: ReserveBank Division Chris:
Jonas is a Socialist. He can't understand anything other then Controlling Free Markets... You are talking to a brick wall. RBD, the thing wrong with this is that the basic view for selling Lindens doesn't show the best rate for sellers only the Limit buy rates. That IS a problem.
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Gigs Taggart
The Invisible Hand
Join date: 12 Feb 2006
Posts: 406
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05-25-2006 21:27
From: Ranma Tardis In the last week money supply is up about 1.5% but the Linden went down 8%. There is more to this than increased supply. Do the math! Economics has a lot of lag time. You can't draw a conclusion with two numbers from a snapshot a week long.
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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05-25-2006 21:42
From: Ranma Tardis In the last week money supply is up about 1.5% but the Linden went down 8%. There is more to this than increased supply. Do the math! The percentage the Linden went down compared to the number of percentage the L$ was added are like apples and oranges.. Do the math... Lets talk numbers, not percents.
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kerunix Flan
Registered User
Join date: 3 Sep 2005
Posts: 393
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05-25-2006 21:45
From: ReserveBank Division like apples and oranges.. Both fruits ? 
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Tod69 Talamasca
The Human Tripod ;)
Join date: 20 Sep 2005
Posts: 4,107
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05-25-2006 21:48
Next on the list...... Camping Chairs!!! 
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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05-25-2006 21:52
From: Tod69 Talamasca Next on the list...... Camping Chairs!!!  Camping Chairs payout money acquired from the existing money supply. All they do is redistribute wealth. Stipends on the other hand get printed new every tuesday.'
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kerunix Flan
Registered User
Join date: 3 Sep 2005
Posts: 393
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05-25-2006 21:54
From: Tod69 Talamasca Next on the list...... Camping Chairs!!!  Camping chair don't have any influence on L$ value. Camping chair are good, they give a few L$ to newbie in exchange of a very very very little service : "just stay here and be wise". But, sadly, it generate lag :-/
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Cannae Brentano
NeoTermite
Join date: 21 Apr 2006
Posts: 368
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05-25-2006 22:11
I think the ending of free account stipends coupled with the end of dwell will help, although it's not enough. The reason that I believe it will help is due a rather silly way for people to make L$. Its been said before, but never taken to its conclusion.
In a game like this, there will always be those who look for any way to make a few extra dollars. Its just someting about human nature. An easy way to do that is to set up as many free accounts as possible, and if a spare computer is available, just have those alternate accounts dance or sit in zombie chairs. Since all income from this account is essentially found money, there is a great incentive to convert it as quickly as possible to USD, especially in a falling market. While I doubt if playing this way is the cause of the drop in value, it certainly would be a push in the wrong direction.
Maybe its because Im still new and have not invested time and money into one economic model, but I see the removal of dwell and now the free account stipends as being good for the long term health of SL, but I also see how it could really mess up people's SL businesses too.
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Isablan Neva
Mystic
Join date: 27 Nov 2004
Posts: 2,907
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05-26-2006 10:42
Suggestion: with new basic account stipends being done away with it would be a nice idea to allocate a parcel of land within sightlines of the WA for a freebie collective (combine Yadni, GNU and anybody else) so that new players who won't have an income will have all they need to enjoy SL while they decide if they want to upgrade to a premium account. Too many newbies don't bother with HI and never realize that there are thousands of free items until after they've spent what little L they started out with.
This freebie area would also make an excellent place for Mentors, Greeters and other helpers to hang out and assist.
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Rasah Tigereye
"Buckaneer American"
Join date: 30 Nov 2003
Posts: 783
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05-26-2006 10:48
From: Isablan Neva ...while they decide if they want to upgrade to a premium account. ... Very nice suggestion. I LOVE Yadni and his stuff. He's a great guy. But I don't think freebies need to upgrade to a premium account. If they don't want to own land and just want to buy more content, they get a better deal from the exchange than from what they pay to get a $500L stippend. I haven't owned any land for the last 3 years, and that's pretty much what I've been doing.
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Isablan Neva
Mystic
Join date: 27 Nov 2004
Posts: 2,907
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05-26-2006 11:39
 Ok, what I should have written there was "while they decide if SL is worth any further economic investment, be that a LindenX purchase or account upgrade." Truly, with the sheer amount of free goodies there is everything one needs to enjoy SL. No, you aren't going to get top designer clothing, skins and hair - but there are enough free items to have a good time without ever spending a dime. An awful lot of new residents enter SL without any interaction with other avatars, I know I did, and retention is always a challenge for SL. Most residents find out about places like Yadni's via word of mouth and usually after they've already spent all their starting cash. If you are going to take away their stipends, it would be a gracious gesture to make freebies so easy to find that even the most clueless noob can't miss it.
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Yumi Murakami
DoIt!AttachTheEarOfACat!
Join date: 27 Sep 2005
Posts: 6,860
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05-26-2006 11:53
From: Isablan Neva Suggestion: with new basic account stipends being done away with it would be a nice idea to allocate a parcel of land within sightlines of the WA for a freebie collective (combine Yadni, GNU and anybody else) so that new players who won't have an income will have all they need to enjoy SL while they decide if they want to upgrade to a premium account. Too many newbies don't bother with HI and never realize that there are thousands of free items until after they've spent what little L they started out with. Or how about this: Newbies only get their starting L$250 after they've been playing for a week. This will stop them spending it away while they don't know what they're doing, and also encourage them to stick around in SL for at least a short time.
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Troy Vogel
Marginal Prof. of ZOMG!
Join date: 16 Aug 2004
Posts: 478
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05-26-2006 11:55
From: Isablan Neva Yay!
Now how about some additional tier levels? There is a lot of cash income being lost because the jump from $40 to $75 is pretty steep and the jump from $75 to $125 is even steeper....
Yeah, I know I'm being greedy...but if you don't ask, you don't get! I totally and utterly second this motion with every fiber of my SL avatar. 
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Yumi Murakami
DoIt!AttachTheEarOfACat!
Join date: 27 Sep 2005
Posts: 6,860
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05-26-2006 11:59
From: Troy Vogel I totally and utterly second this motion with every fiber of my SL avatar.  And so do I  I've had all kind of trouble with this. Someone wants to buy some land of mine, but I can't sell because it's not enough to lower my tier. I want a bit more space but I can't get it because I don't want double what I have now. Why not get rid of tiers entirely and just make it a sliding scale?
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Rasah Tigereye
"Buckaneer American"
Join date: 30 Nov 2003
Posts: 783
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05-26-2006 12:03
From: Isablan Neva  Ok, what I should have written there was "while they decide if SL is worth any further economic investment, be that a LindenX purchase or account upgrade." Truly, with the sheer amount of free goodies there is everything one needs to enjoy SL. No, you aren't going to get top designer clothing, skins and hair - but there are enough free items to have a good time without ever spending a dime. An awful lot of new residents enter SL without any interaction with other avatars, I know I did, and retention is always a challenge for SL. Most residents find out about places like Yadni's via word of mouth and usually after they've already spent all their starting cash. If you are going to take away their stipends, it would be a gracious gesture to make freebies so easy to find that even the most clueless noob can't miss it. I make it a point to give a Yadni landmark to every newbie I come across  Here's a slightly different topic: I wonder if Occlusion Culling in 1.10 has helped delag Yadni's junk yard any? My frame rates would just DIE last time I was there.
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Rasah Tigereye
"Buckaneer American"
Join date: 30 Nov 2003
Posts: 783
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05-26-2006 12:08
From: Yumi Murakami And so do I  I've had all kind of trouble with this. Someone wants to buy some land of mine, but I can't sell because it's not enough to lower my tier. I want a bit more space but I can't get it because I don't want double what I have now. Why not get rid of tiers entirely and just make it a sliding scale? With the way they replaced $250l blocks of $L trading with $1L differences (You can buy any amount, not just blocks of $250), I'm surprised they can't do the same for land, where your price is per square meter. Maybe it's in the perpetual "Next Version." 
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Cocoanut Cookie
Registered User
Join date: 26 Jan 2006
Posts: 1,741
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05-26-2006 12:08
From: Yumi Murakami And so do I  I've had all kind of trouble with this. Someone wants to buy some land of mine, but I can't sell because it's not enough to lower my tier. I want a bit more space but I can't get it because I don't want double what I have now. Why not get rid of tiers entirely and just make it a sliding scale? I think if they did that, they would sell a LOT more land, as people would just kind of slowly inch up. I know that the jump between $40 and $75 has totally stopped me from getting more, or from selling out in my sim to buy somewhere where there is more contiguous land available. If they had had this sort of sliding system in place, I would probably be up to $75 by now, or MORE, and not even noticing it! lol coco
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Isablan Neva
Mystic
Join date: 27 Nov 2004
Posts: 2,907
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05-26-2006 13:13
Exactly. A growing business needs an average monthly income L$12,800 to cover $40 tier (using L$320 as the exchange rate) L$24,000 to cover $75 tier and L$40,000 to cover $125 tier. Not every business grows that fast and not everyone can find enough land in their sim to justify all the extra tier.
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Wayfinder Wishbringer
Elf Clan / ElvenMyst
Join date: 28 Oct 2004
Posts: 1,483
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05-26-2006 20:45
From: Yumi Murakami Or how about this: Newbies only get their starting L$250 after they've been playing for a week. This will stop them spending it away while they don't know what they're doing, and also encourage them to stick around in SL for at least a short time. You know... that's not at all a bad idea. Or, to let them get their feet wet, let them have L50 up front and the extra 200 in a week. That at least can get them used to how the L$1 perchases are made. : ) But all in all, a sensible suggestion.
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