Stabalizing the Lindex

Heres an alternate path:

Set all players buying Lindens to 300 lindens per USD they put in, minues transaction and service fees.

Set all players selling Lindens to 350 per USD dollar, minus fees.

Yes, people can go to outside sources to trade lindens for USD, BUT THEY CAN'T COMPLAIN ON THE LINDEN FORUMS ABOUT IT ANYMORE and its ENTIRELY THEM OR THE OTHER COMPANY causing any devaluation then.

If the open market is working, people don't need to complain... If it isn't then it doesn't need to exist.

The open market works it's the ECONOMY that is unbalanced the lindex is just a thermometer stuck in the mouth of the economy don't blame or rig the thermometer if the reading comes back unhealthy.

It sounds about a great idea as 'kill the stipends.'

Guess the sellers don't want their choices screwed over either?

end stipends.

..the lindex is just a thermometer stuck in the mouth of the economy don't blame or rig the thermometer if the reading comes back unhealthy.

That is one of the best, succinct responses that has real substance I've seen on the Land and the Economy forum!

If Shaun Altman reads this thread, I suggest he carve it in stone on the walls of the Cyberland Stock Exchange.

Oh I agree. It's an excellent way to put it. Unfortunately, he's preaching to the wrong people. It's not that these people DON'T get it. It's that they don't WANT to get it. Reality interferes with their notions of what SL "should be.

It sounds about a great idea as 'kill the stipends.'

Guess the sellers don't want their choices screwed over either?

If stipends for premium accounts go away, then so do all of the people who use premium accounts, like me, and therefore so does a lot of LL's income stream. I *hope* that LL realizes that.

What LL *does* need is more money sinks, because the value of the $L *is* dropping, and while convention and compeition has kept brices stable for the present, I suspect that that's *not* going to last much longer. Content producers *will* start raising their prices before long.

I suspect that LL has a problem in that they want to get *real* money for anything that they sell, money that can go on the balance sheet and make them look profitable to investors. Which means that it's *extremely* unlikely that they're going to drink their own koolaid, and start taking any kind of payments for land, tier, or anything else in $L.

I think, however, that they *do* seem to realize that they need to tighten the money supply. They've done some things in this dirrection already, by eliminating payment for ratings, dropping incentive programs, and finally by eliminating dwell.

We'll find out in a while if this is enough I guess.

However, unless the money supply tightens, and the value of the $L stops dropping, or LL gets creative and finds some sorts of services to sell for $L (Wich would be my preference. There are a lot of trivial "vanity" type things that they could make available, like allowing people to change the color of their their titles or something for payments in $L, that would serve as perfect sinks.) I think that you're likely to see the stipends of free accounts as being the next logical target for reducing money inputs into the game.

At this point, *something* has to give, but I think that eliminating stipend for Premium accounts would be an extremly unwise choice.

Some have raised prices already. I won't. I'll also make alternatives which will sell at my cheaper rate as I don't cash out, aside from possibly making teir due to a momentary rl financial crisis. As they raise prices people will make alternatives, and people will drift from the more expensive stores.

I think that you're likely to see the stipends of free accounts as being the next logical target for reducing money inputs into the game.

At this point, *something* has to give, but I think that eliminating stipend for Premium accounts would be an extremly unwise choice.