Wake Up Smell The Coffee

Then why do you care so much about the fate of your stipend? ROFL!

Duh, cause she "paid for them." Haven't you been following the forums? That's usually the standard reply

Because I paid money for them!

SCORE!!!!

But if premium accounts are eliminated you DIDN'T and you object even to that. So I repeat my question.

I wouldn't object if they waited til the end of the contract run to do that.

They have not been eliminated yet. No I refuse to buy Lindens on the market. If they eliminate the stipends for "premium", I will drop down to basic.

Losing my stipend is not really going to help you if we dont buy Lindens. I pay my rent in American Dollars. My stipend is something I paid money to recieve, what is so hard to understand? Giving back my stipend is losing money no matter how small to make another person money. How about you paying me money to transfer my Lindens to a Linden? *laugh* *giggle* *more laugh*

Make a lot of Lindens *giggle* It is no skin off of my avatar since I do not buy Lindens. If I were you would only take American dollars for rent or selling land.

Oh I object to losing my stipend to make you more money Sir!

Actually it would help. Increasing demand(more buyers) reducing supply(eliminating stipends) both have the same effect of improving the balance of supply and demand. So you still have yet to answer why you object to the idea of eliminating premium accounts. Do you have a reason or do you just post in these threads to troll? Eliminating premium accounts costs you nothing. And I really don't care if you buy lindens or not. I hate to break it to you making you buy lindens is NOT the point. Making less Lindens chase the available USD IS the point. And that can be achieved with or without you buying L's to replace your stipend. And Jonas the suggestion of eliminating premium accounts has always included letting the contract run but not be renewed READ the posts so what's your point?

Ah, I am a "premium" member until March 2007 if like it or not. Not sure if Linden Labs can survive by having only a few users own land and pay money directly to them. They make more money by renting out smaller parts of a sim to many users than mulitiple sims at a reduce price. I am much more concerned about their financial health than yours after all they host second life.
You have to think of it this way, if the people that rent from you dont make money they will stop renting from you and your income will decrease. If you cant pay tier you will get rid of sims and Linden Labs will lose money. Most of the content providers are decieving themselves. Without the stipend, the demand to buy Lindens will still be less than the supply and the Linden will still fall in value.

Its amazing how you can twist a nonargumanetative AGREEMENT to your comment into an attack.

Then if premium acct's were eliminated now you wouldn't be a premium member April 2007, wouldn't be paying for a stipend, and wouldn't get one. What's your objection to that?



Who said anything about changing that. If anything removing premium accounts would increase the number of small owners since the $10 cost of premium is no longer added to the cost of tier.



Obviously that's important to everyone for the stated reason. No one's trying to kill the golden goose we're just trying to make sure the eggs remain gold not fool's gold.



On what basis?

Call it seeing your name in SO many threads(even unrelated) yelling in defense of your stipend it's automatic to read you for objections.

Then perhaps you should read posts more. Isn't that what you suggested I do?

Well, from the May statistics it's quite easy to determine there's ~23 k of active premium accounts, and 92 k of basic accounts (linear equations in two variables, college grade algebra) ... so, taking away the stipends creates shortage of 46 mil L$ a month, in comparison to now.

average daily volume of traded L$ seems to be ~10 mil a day now. So with 300 mil traded a month, eliminating all stipends creates incentive for ~15% trade amount increase.

At the cost of anything between $130-230 k for LL, which they're currently getting monthly from the premium account fees. In exchange, they now earn ~$ 7k from 30 cent fees cashed when their former premium members purchase their L$ 2 k a month.

Kind of sucky trade-off for them...

Ah I have a contract with Linden Labs until that timeframe. In others words I have paid for a service and expect to recieve it! I would have to seek a legal recourse to me if Linden Labs defaults on their contract. I do nt wish to do this and hope that it will not be required.



Perhaps and perhaps not. If people chose to buy land directly from Linden Labs it will end up impacting the renters of land. I have seen a number of threads on how landlords have screwed renters. The question is what Linden Labs will required for land ownership.




Well Linden Labs would lose revenue from the removal of the "premium" members. At least the fee if nothing else. I think small business will lose as people have to spend real money to get fake money. I am not prepared to do so. There is nothing on the market worth exchanging real money for.

And I'm not saying you shouldn't nor did Gig's or anyone else who has suggested the elimination of premium accounts. Assuming LL does NOT default on your contract what is your objection to the elimination of premium accounts? That is the question you are repeatedly avoiding answering.



Honestly I don't think the percentage between renters and owners would change. Either way LL still get's theirs.

Except this is exactly what they are _already_ doing through premium stipends: sell L$ directly at fixed rate. And in order to get their revenue at current level, they would need to be printing/selling the same amount of currency they are already printing each month. Which is supposedly so bad for the economy that it has to be completely removed...

basically you are asking LL to stop selling the money directly, so surplus of fake game money is removed from economy so LL can then directly sell the money. Well aside from it being quite circular, the obvious shortcut is to plain delete few hundred million L$ from the database with single keystroke. Without this whole complicated dance. That eventually leads back to what we already have.

Show me where they signed....

Come on, you must know contract law better than that... LL makes you an offer, you accept, there's consideration... you have a contract.

That's all, carry on.

"Bob comes along and wants to sale his well bob is in a hurry to get his sold so bob sets his at 301 just 1 more over Billy"

The reason Bob has to set it at one above Billy to sell fast is there are too many Lindens being sold and not enough being purchased. If there were a balance between supply and demand they could all set their Lindens to sell at 300 and all sell equally quickly. However, if there is only demand for 50k, and between them 150k is being offered for sale, only one of them can sell fast, and that's the one that undercuts.

Reduce/remove stipends, and you reduce the supply, moving it closer to demand. Alternativly, you could increase demand; make more stuff that people want to buy, encouraging them to buy more Lindens.

I'm working on the latter.

Musuko.

Lets just kneecap a few people because wheelchairs aren't sellign as well while we're at it.

You don't take away from your consumers to fuel their demand- you only kill yourself.

Thank you for taking the reasonable route Musuko.

"You don't take away from your consumers to fuel their demand- you only kill yourself."

This is true, yes. But if I want people to buy my oranges, it doesn't much help me if I keep giving everybody free oranges all the time.

Of course not, but it certainly helps to chop a few up, waft the free fragrent samples under the noses of potential customers to whet their appetite and adjust your charges as the morning goes by to make sure you sell your supply is exhausted just prior to when the farmer's market closes.

Speaking of which... I'm off to buy some right now.

It won't. There's no reason for it to. Sellers will still undercut each other, and some will continue to say 'to hell with you all' and fill absurd buy orders so they can make tier that they can't afford.

They signed as soon as they offered the premium acct with 500L$ stipend.

And they are based in California. Remember Kim Basinger? She agreed, over the phone, to do a movie called Boxing Helena. She renegged on the agreement and the movie studio took her to court and sued her. Guess who won that one.

Even though LL has a customer base around the world, it wouldn't be hard for everybody to hire one lawyer based in California on contingency and bring a class action lawsuit. Can you imagine the loss to LL? Not only would they have to pay their own lawyers, court costs, and the complainants' legal fees but they would also have to process over hundred thousand little refund checks and mail them.