Will the telehub land buy-back offer tank the LindeX?

Won't the influx of buy-back lindens into the SL economy flood the market with linden?

And isn't this exactly what LL was trying to avoid by cutting the ratings bonuses?

Atleast for the short term, I can't help but get a bad feeling about this telehub land buy-back offer

Why?

Because I don't see LL doing anything with the SL economy that in the foreseable future will inspire the Lindex to bounce back from it's current doldrums.

And this buy-back offer certainly wont help.

Maybe its just me, but I know I'm an eternal optimist, and even I dont feel good about this

It is an excellent question, though I think overall the impact would be minimal - there are not that many telehub land owners that would be elligible. The more important question is whether or not LL is going to buy the L$ from their own exchange, or just magically create the money to buy the telehub land back. If they do the former, there is no issue (other than the stupidity of buying the land back in the first place), however, if they just flood the economy with additional funds, then it is a problem.

I don't expect it to have much impact as they won't be buying back much land LOL. In their infinate wisdom, LL have decided that telehub land purchased prior to August is without value. Also, the entire region that a telehub was in, although it WAS eligibale for higher auction rates, is NOT elegible for the buyback. You must meet other strict requirements even if you've only owned your land since the cutoff date where, I guess, LL is saying that land becomes worthless.

So, no, the dispursal will amount to peanuts on a VirtualGlobal economic scale.

What I think is more important than any possible economic concequence of the payout, though, is the message from LL. They are saying quite clearly that all mainland lots purchased more than a few months ago are worthless. The wise will pay strict attention to this declaration. There are several important conclusions to be drawn from it.

They are not saying the land is worthless, they are saying you don't deserve compensation for the change. The land still has worth - it may not be what you originally paid for it, but it is not worthless. The message from LL is that "we will insulate a certain group of people while expecting others to suck up financial losses brought about by change". That is the stupid message, not "your land is worthless".

This view may be insanely unpopular, but compensation makes sense if:


1. The Company auctioned off land described as telehub land

2. The Company then removed the telehub



Sure, there are shades of grey here.

But the very worst case - buying telehub land and then losing the telehub the following day - would clearly have been 'bait and switch' regardless of *any* value assessment of the property.


The difference between this sort of thing and a software bug is in the planning.

I think the Company made a step in the right direction, although I doubt it will please anybody.

I read it differently, even as (I'm pretty sure) one of the insulated. I am setting all personal mainland grid holdings that I wouldn't have a problem with RELEASING at a later date on sale immediately. Some I will keep off sale because I am actively using them for my enjoyment, but I will do so knowing that they could very probably be worth absolutely nothing if and when I am ready to cease using them.

Nah the wisdom isn't infinite - its limited - if it were infiinite they wouldn't make the offer to begin with

I like the stipulations they put on it - makes it look like lipservice... so its probably worth the few $$$ they're shelling for the distain it implies

See every cloud has a silver lining!

I'm not really following this, but what's up with your signature? Aren't the forums supposed to be PG?

I doubt it for two reasons:

-Telehub Land turns over very, very, very slowly.
-Only people who purchased Telehub land within the 4 month window prior to the announcement are eligable.


For this reason, I think the actual number of parcels eligable for this are going to be surprisingly small - and a drop in the bucket as far as the economy is concerned.

Hmmm are you assuming siggy is saying something with his sig? I surely dont and I do consider it well within the bounds of PG

So far as I can determine, the near telehub land that is sold to Lindens will not affect the overall economy unduly. It is a onetime sales event. The worst it could do is increase land supply and decrease demand.

What's not PG about it? Maybe I work with dogs and the 'c' word is a Collie..

Thats your own filthy mind at work and you should be ashamed of yourself.

Ah - I'm on to you - it's CUR, isn't it? trying to fake us out with collie... da noive.

Well now we're purely in the realm of speculation. Do you in fact work with dogs? Does the 'c' word in fact indicate Collie?

No.

I dont really think so as long as the land is sold for a comparable rate to what it was bought back at ...Remember also..they are not adding 10L per meter in the end IF they reauction the land @ L/M prices.

and tell me if im wrong but wasnt it 1 Telehub per sim? 128m range for the effected land would be almost an entire sim..no? 128 x 2 = 256 which is the the dimensions of a 16acre sim right?....Or is the "line of sight" affected by other builds?

I think this is a pretty important issue. Not just in this instance, but overall. With the way that Linden Labs likes to tout the value of the L$ against the USD, they really should be careful with how much they 'print' for random problems/contests/whatever.