The sky is falling!!!!
- Ace
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L$ Rising on GOM |
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Ace Cassidy
Resident Bohemian
Join date: 5 Apr 2004
Posts: 1,228
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11-14-2004 15:46
The price of the L$ has risen about 15% in the last few days. If this continues, new players will get discouraged because they're priced out of the market, and not be interested in Second Life.
The sky is falling!!!! - Ace _____________________
"Free your mind, and your ass will follow" - George Clinton
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Deklax Fairplay
Black Sun
Join date: 2 Jul 2004
Posts: 357
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11-15-2004 07:35
15%?
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Kris Ritter
paradoxical embolism
Join date: 31 Oct 2003
Posts: 6,627
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11-15-2004 07:45
The sky is falling!!!! Yes, but at least it's falling UP!  |
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Ace Cassidy
Resident Bohemian
Join date: 5 Apr 2004
Posts: 1,228
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11-15-2004 07:55
15%? From a low of under 3.50 on Thursday, to over 4.00 now. - Ace _____________________
"Free your mind, and your ass will follow" - George Clinton
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Malachi Petunia
Gentle Miscreant
Join date: 21 Sep 2003
Posts: 3,414
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gains are illusory
11-15-2004 08:18
Is there anything that can be done to make it go down again? Perhaps I'll try starting a panic.
Did you hear that IGE is going to dump all of its L$ tomorrow? |
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Siggy Romulus
DILLIGAF
Join date: 22 Sep 2003
Posts: 5,711
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11-15-2004 09:07
I'm sure if it were raining silver dollars, someone would bitch that one hit them on the forehead
Siggy. _____________________
The Second Life forums are living proof as to why it's illegal for people to have sex with farm animals.
I, for one, am highly un-helped by this thread |
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Ingrid Ingersoll
Archived
Join date: 10 Aug 2004
Posts: 4,601
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11-15-2004 09:24
I'm sure if it were raining silver dollars, someone would bitch that one hit them on the forehead Siggy. okay, I'm going to figure out how to put this in my quote. good stuff. |
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Zuzi Martinez
goth dachshund
Join date: 4 Sep 2004
Posts: 1,860
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11-15-2004 12:27
does this mean we can look forward to a million posts of "OMG TEH SKY IS RISING!!!!! PANIC!!!!!!"?
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Leonn Rubio
Rebmem Roines
Join date: 30 Jan 2004
Posts: 113
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11-15-2004 15:06
I'm pretty sure it's just going up so much because it dropped significantly due to above average selling recently and it's going back to normal.
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Trifen Fairplay
Officially Unofficial
Join date: 19 Jul 2004
Posts: 321
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11-15-2004 15:30
(reducing l$ value threw forum panic)
no the l$ is worthless SELL SELL |
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Alby Yellowknife
Sic Semper Tyrannis
Join date: 5 Jun 2004
Posts: 1,148
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11-15-2004 16:51
(reducing l$ value threw forum panic) no the l$ is worthless SELL SELL Technically, all currencies are worthless. At least those not backed by Gold. Otherwise, they are only the worth the faith in value people place in them. |
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Malachi Petunia
Gentle Miscreant
Join date: 21 Sep 2003
Posts: 3,414
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11-15-2004 17:12
I think the market is up or down based on hopes or fears about baseball or interest rates or the average length of womens skirts.
Oh, and all money is fiat currency, even if backed by gold. Gold is only valuable backing for currency if people want gold. If there was some fundamental shift in human activities, one might find potatoes worth far more than gold. Ace's blog entry was an interesting read. |
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blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
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11-15-2004 18:25
Yeah. It's kinda like the value of diamonds. A commodity who's value is even more illusory than L$.
_____________________
Taken from The last paragraph on pg. 16 of Cory Ondrejka's paper "Changing Realities: User Creation, Communication, and Innovation in Digital Worlds :
"User-created content takes the idea of leveraging player opinions a step further by allowing them to effectively prototype new ideas and features. Developers can then measure which new concepts most improve the products and incorporate them into the game in future patches." |
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Alby Yellowknife
Sic Semper Tyrannis
Join date: 5 Jun 2004
Posts: 1,148
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11-15-2004 19:27
Potatoes, Gold, etc. You are very correct. On a fundamental level, our valuation of anything all depends on a very basic term called "Supply and Demand". If everybody wants it and there isn't enough to go around, the value of the item goes up. If you assign a "number" to value, you get a numerical valuation that can be gauged and tracked. So if everybody wants Gold and there is a limited supply, up goes the value. The same is true with potatoes, water, wine, and even Tulips in the 1600s in Holland.
Its not an issue about the tangable item being traded and valued. Its about 4 basic factors. 1) Supply 2) Demand 3) Fear 4) Greed The combination of those 4 factors will shape our view (as humans) of the object of our desires. Gold or Linden Dollars, it doesn't matter. |