Second Life needs stable currency

I know you like sticking things in dark places, but I'm not part of
that world my friend. lol

blah blah blah - usual trick, when your arguments fail (as they do with monotonous regularity) fall back on gibberish.

Indeed.

Your advocacy is of course the biggest weapon in my arsenal.

Rut Roh......

Wow... you've got issues.

I admire Anshe for being willing to take risks on new technology and a changing social/market dynamic. She may win big or lose big, only time will tell. Regardless, it's her money, her risks, etc. From your reaction, you'd think she was risking your assets.

She is dead right about what SL needs though in general. It needs a stable economy, and that means a stable currency. I expect that the answer will be payments in USD, once the issues with micropayments, taxes, etc. are dealt with. It makes much more sense to deal in one RL currency than convert through up to 3, 2 of which are virtual.

That post is racist.. You've been reported...lol

Because of legalities, lindens ar ebetter then USD for second life

I think you are overlooking one aspect of the economy.

Many, if not most of the content creators in SL create stuff for sale at least partially because they can cash out their $L. They may regard it as a hobby, or a way to pay their tier, or perhaps for a few, a way to make a living.

If the $L is not stable, then prices go up to offset the value change. That means the consumer has less purchasing power for their $L. A stable $L benefits business owners, content creators, and consumers.. pretty much in the same way that a stable RL currency does. The only ones that benefit from drastic rises and falls are currency speculators - hence all the periodic panic threads by the usual suspects.

As a major SL business owner of course Ansche would benefit from a stable currency. That's just pure intelligent self interest... no need for paranoia.

I don't think this method will work, but I forsee some change to the way we sell in SL if the $L doesn't calm down.

Beautifully said.

ROFLMMFAO...I love it....

Anshe: Are you pondering what I'm ponderring Pinkie?

Pinkie: I think so Anshe but me and Pippi Longstocking? I mean, what would the kids look like?

An$he are you serious? If you are I then declare myself Queen of SL and all your Linden belong to us!

Unreal.

Cat

Funny you should ask this. When I first read the original post I thought it was a huge but pretty funny joke and then my mirth turned to horror and to mirth again when I saw it was NOT a joke

Mine won't

I hear ya, I'm going threw that exact thing right now.

Fade...


Let me put it to you this way. Since Anshe and her husband are making a RL living off of SL and apparently making a very, very good living from it why would I want to add to her income when I am still stuggling to increase my own? The more money I put in her pocket the less I have in my own. Why in the world would I want to help someone who is already successful while I am still struggling for success in SL? How does increasing her profits, and thereby her income, help me?

As I said before I will continue to support LL and SL via the Linden dollar, but, I will not support Anshe. If she isn't satisified with the income she is already making (which is a 6 figure income in USD as I understand it) then it may be time for her to move on to something else rather than try to make an even larger income off the rest of us.


Now, with that said, I'm going to go finish reading the rest of this thread, drink my coffee and try to wake up before I have to leave and take care of RL stuff.

Problem with going to U.S. currency for example is the legality of all the gambling businesses and lotteries in SL. Another issue would be income taxes.




I agree...

In an indirect way, she is. As it stands, a small amount of individuals control the majority of the game that the rest of us play. If by some strange quirk this takes off - rather than being rightly quashed by LL - and the majority of stores in game start to take A$ rather than L$, then I'm going to end up being forced to start trading in A$ just to keep up with everyone, let alone actually achieve anything. This isn't jealousy in the slightest, it's just a standard reaction to what is a rather foolhardy venture that is doomed to failure. Even if 5000 players were to use A$ as their preferred currency, that is still only 3% of the player base - and entirely useless to 97%. Only when A$ is the preferred currency of 50% of the total playerbase, do we need to consider it a serious threat.



What makes you think that the stable L$ value is not going to settle at 300? Whilst it may not be the preferred value of LL or any of the self-proclaimed 'experts' in this forum, the market will take the L$ value where it wants. Wherever the L$ settles is where it is meant to be at this moment in time until it moves up or down wherever. Then we only need the one exchange, L$ to $ (plus the step to home currency if outside the US) and no 'alternative currencies'.

Problem solved. People are complicating this whole issue far more than it needs to be. People want a free open market economy, deal with the fact that it can fall as well as go up. Any investor will tell you that returns are never guaranteed on anything.

Lewis

If this is true then I'd like to know how she managed it in light of the following on Lindex (since that is where it took place from what I have read):




$2000USD purchases 500,000LS at 250Ls per 1USD
$2000USD purchases 600,000Ls at 300Ls per 1USD


What did she do? Divide her Ls up between several people and have them sell for her? Did she give them a cut of the profits for thier help? And the question foremost in my mind did she not violate that above stated restrictions to do so? Does that not devalue the L?

*sigh*

Read first. Post second.

Halfway down the *same page* you quoted from is a link describing additional LindeX tiers by which users can buy and sell more than the basic monthly amount.

You're embarrassing yourself through your posts. Seriously.

Ok seriously here.

What is to stop this business in question from just logging out one day?

I have faith in the little L$ icon in the upper right hand corner of my screen. Until I see a little A$ next to it, I cannot put much faith in this idea/plan. LL already has the upper hand. I'm wondering now however if some will now see the back of their hand.

Cat

The "majority" of the game you're refering to here is actually whatever the "small amount of individuals" have brought to the game. If they weren't there, the game would simply not have those parts, that's all. I know if Anshe didn't exist I would still play SL the exact same way, sicne I have zero business with her.


True that

In principle, I like the idea of competing currencies, however I have a few questions.

1) What do you mean by "tied to silver EUR"? I was under the impression that the euro like the dollar was a fiat currency, backed the the "full faith and credit" of the issuing governments , and not any precious metal.

2) Would you be basing this currency exchange in China or the EU? I'm curious--both would have their upsides.

A few comments, too. If you do implement this, I'd like to be able to take both currencies, and leave it up to my customers what to pay in. There are a couple of things that you could do that would make this much easier for merchants and consumers.

1) Some sort of script that could be embedded in an object that would allow a person to click "Touch" that object to buy a copy but pay in A$. Vendors set up to handle multiple currencies are only a partial solution. Many objects are not sold via vendors.

Using my business as an example--I sell public domains art and maps. Each piece is displayed individually on a single prim in my galleries. Putting them in vendors would be time consuming and require extra prims. If I could just embed a script that would allow payment in A$, then using both currencies would be easy.

Such a script would also allow "Tip Jar" transactions to take place in A$.

2) Program a HUD that would allow someone to instantly see their A$ balance on the upper right of their screen. Such a HUD would also need a button you hit to see recent transactions (like the SL interface's "Account History" and another button you could hit to see exchange rates (via a web page), and a third to make A$ payments directly to other players.

No I am not Ricky. I've read that page from top to bottom several times. I know those links are there. Read it again:

I"m not in the least bit embarrassed. I asked questions, you provided answers. Nothing embarrassing about that.

First off, I don't think anyone asking how something is done is embarrassing themselves. They need knowledge they ask. Secondly this just basically proves out what I suspected all along...someone with a lot releases a large block of L on the market..thereby driving the value down, then get those same ppl to start screaming about stipend causing the fall when it was actually the sale of such large blocks. Thereby creating a panic, and we all know what a panic does. So the desired goal is to get linden to see the wrong root cause, tehreby attaining the desired effect of forcing ppl to buy L's....but wait...lo and behold the saviour is there again now talking about an alternate currency. One which they ahve absolute control over but is ultimately much more worthless than the L since they can basically print up however many they need for thier own purposes. Anyone who falls for this scare tactic, market fixing ploy is being played as fools...once again.