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Zonax Delorean
Registered User
Join date: 5 Jun 2004
Posts: 767
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02-08-2006 00:59
I was thinking, that possibly the easiest way to create a money sink would be in LindeX itself. I'm not sure it might work though, but it's an idea.
Today, when you sell L$ on LindeX, you are charged a fee.
"Sellers of currency will pay a fee of 3.5% per transaction. Proceeds will be credited to your US$ account balance."
I propose this is being changed from 100% US$ (of the 3.5%) to some percent USD, and som epercent L$ (destroying that L$, acting as a money sink).
Lindens could fine tune the exact percentage of US$ vs L$ of that 3.5% (going from 100% US$ to 100% L$, the exteme ends), as needed. At the extreme, this would take out 3.5% of L$'s sold on LindeX, which might be more than enough money to stabilize the L$. (Comments on this?)
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Jesrad Seraph
Nonsense
Join date: 11 Dec 2004
Posts: 1,463
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02-08-2006 01:18
Why should LL subsidize LindeX usage ?
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Either Man can enjoy universal freedom, or Man cannot. If it is possible then everyone can act freely if they don't stop anyone else from doing same. If it is not possible, then conflict will arise anyway so punch those that try to stop you. In conclusion the only strategy that wins in all cases is that of doing what you want against all adversity, as long as you respect that right in others.
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Zonax Delorean
Registered User
Join date: 5 Jun 2004
Posts: 767
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02-08-2006 05:25
From: Jesrad Seraph Why should LL subsidize LindeX usage ? A good, stable economy means more value, users and business for Linden Labs. Same as for countries in RL which aim to create an attractive business environment for inventors, companies by having a stable economy. Subsidizing LindeX (which is not actually a subsidy, though) is a small price to pay. You seem to imply that NOT maximizing a direct profit in a sub-business would be subsidy. I say it's a kind of cross-financing, that's a small price to pay. |
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Candide LeMay
Registered User
Join date: 30 Dec 2004
Posts: 538
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02-08-2006 07:23
LL could also take the money that was until now for DI and use it to buy lindens on Lindex, effectively destroying them. But why spend real cash if you can print play money or use unpaid volunteers?  |
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Surreal Farber
Cat Herder
Join date: 5 Feb 2004
Posts: 2,059
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02-08-2006 11:59
Charge a fee that the market won't bear and other currency traders will be getting the business. Just something to think about.
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Surreal
Phobos 3d Design - putting the hot in psychotic since 2004
Come see our whole line of clothing, animations and accessories in Chaos (37, 198, 43)
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Zonax Delorean
Registered User
Join date: 5 Jun 2004
Posts: 767
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02-08-2006 12:01
From: Surreal Farber Charge a fee that the market won't bear and other currency traders will be getting the business. Just something to think about. The market is already paying the 3.5% fee on LindeX now. No increase there. Just something to think about  |
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Surreal Farber
Cat Herder
Join date: 5 Feb 2004
Posts: 2,059
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02-08-2006 12:30
From: Zonax Delorean The market is already paying the 3.5% fee on LindeX now. No increase there. Just something to think about LOL... That's what I get for reading too quickly. I just re-read your original post (twice) before I got exactly what you suggested. I must be having a blonde day.
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Surreal
Phobos 3d Design - putting the hot in psychotic since 2004
Come see our whole line of clothing, animations and accessories in Chaos (37, 198, 43)
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