Second Life needs stable currency

Well there's probably a zillion questions one could ask but I'll start off with what comes to mind first.

- There's no apparent reason to believe Anshe$ will be stable nor would that be in your best intrest at al times. All initial investments would need one to buy Anshe$ from you and another party would later cash in their Anshe$ from you. There's a serious conflict of intrests as a bit of market insight would allow you to manipulate the rates. So do you plan to hardlink the Anshe$ to a currency or what exactly makes you believe the Anshe$ will remain stable?

Follow up question:
- If you plan to force the Anshe$ to be stable you'll have to pick a currency to link it too. Look at this graph and tell me how you'd cope with what happened between January 2002 and January 2005. The US$ and EUR would likely be the most important currencies for you and their interrelationship will have an impact on your currency.
http://finance.yahoo.com/q/bc?s=EURUSD=X&t=5y&l=on&z=m&q=l&c=


- There's no mention on how exactly the currency exchange from Anshe$ to other currencies will occur. Will there be volume fees, margins on the exchange rate, handling fees ... ?

You don't need extra vendor. The same vendor device can accept both L$ and A$ if the merchant configure that way.

Cashing A$ to GBP would be easier and less fee than cashing L$ to GBP because our system can pay out GBP directly and you need not convert US$ to GBP.

And, no, this is not to make Anshecorp rich. If that would be the plan we would activate it today. Running such system is much work and much pain and nothing we want to do unless the L$ fails as stable currency. 1:333 would likely be the point we would be forced to go that way though.

We have more than one currency on earth
Sure it cause trouble (see the next war in iran ? (not irak, iran)



What do i do when i have to pay LL in US$, and when Lindex give me US$ instead of EUR ?
I change currency, and pay the fee for the change.



You have the right to refuse a currency and lose some customer.
IRL, a shop have the right to refuse Credit Card payement (if they don't want to pay the expensive CC terminal). Or refuse check.

Oh and, os far is i know, A$ isn't forbidden by LL.
And, IRL, a L$ have not more legal value than an A$.



Not everyone lose, but AnsheCorp will just win more than everyone else.

again, I deal in L's not Anshe's. terhe is not now nor will there ever be ANY vendor in any shop I am in dealing in anything other than L's or USD. Old Scottish saying, fool me once shame on you, fool me twice shame on me, and BTW, I feel no shame.

Yes, fixed base value and tied to silver EUR. It would be possible that A$ rise above that base value if demand is high, but it could never fall below the base value of silver EUR.



Fees have not been determined. But 3rd party sites like SLEx or GOM would be able to trade too, which would create enough competition.

One of my responsibilities in life is dealing with purchasing things, and finding reputable wholesalers who do business with thier customers in a fair and honest manner. Linden may have it's share of issues, and sometimes is downright frustrating, however with certain few exceptions I have found them to be the lesser of two evils in dealing with thier L's and land. Now without coming right out adn stating why, I can assure you I will NEVER accept Anshe$ in payment for anything nor will I pay my expenses in SL in anything other than L's. I can also assure you that any place I buy things if they switch to accepting anshe's will no longer get my business. I'll stick with Linden bux TYVM. My reasons are my own but, I will NOT do any business in the fashion proposed nor with the proposed currency, nor the company that backs said proposed currency.

It is simple script tied to payment server and using the avatar key to recognize buyers.



If people would want to trade L$ vs. A$ there certainly would be one option to do. But certainly not for fixed exchange rate but strictly according to the supply vs. demand.

Understood, now can you stop flooding this thread and let the ppl potentialy interested in this subject speak freely ?

TYVM

Oh, like one of thoses virtual ATM then.

So this is purely something for the good of the community, and absolutely no advantage whatsoever to yourselves? How decidedly charitable of you.

Anshecorp exists to make a profit, it supports your real world existance. Why should "A$" be any different from anything else you do to turn a profit?

Or is this merely another 'test the waters' post that, like your last two campaigns, were solidly rejected by the community at large and faded into history?

Lewis

Being the largest SL business we would of course also be the largest benefitor from stable currency.

God ... Is it so hard to understand ?
What is good the community, can be good for the Anshe's business.
It nothing about charity.
EVERY business with a big wallet lose A LOT OF US$ week after week, because of the L$ value drop.

The whole SL business is based on the L$ currency, if this currency drop, your investment is losing his value. And no investor want that.

Edit: And when you think in L$->USD->EUR ... err... no, i don't want to think about it

True, which goes to show the fallacy of 'investing' and basing a real life living on the outcome of a virtual currency in a computer game.

You'd be better off playing Blackjack, at least the odds are better.

The problem is that the market is set by the buyer, not the seller. Only the sellers are complaining right now as the L$ value drops and buyers get more for their money.

Lewis

A rate which of course would be decided by you in your infinite wisdom and chances are you would asses the L's as having about one tenth of thier actual value...let me see...some fast math...I want to trade 10 L's for Anshe bux...they currently ahve equal value on the open market ..means you would give me one A for my L...thereby making yourself a nice tidy little profit...but...if I in turn wanted to trade in one of your's for L's you'd probably tell me that it would cost me about 10A per L.....self serving all the way around. Sorry I still see it as a way to further undermine the SL economy while setting yourself up to control same. the otehr disadvantage is if you needed currency all you gotta do is print yourself up some, therefore you'd have a limitless supply of wealth and even further control and corrupt the system. again..no thanks. Ever try spending canadian money in the south? IT's got zero value..just like your play money will have to me and to anyone else who is mainland. And as far as moving to your sims..I am NOT that st00pid. You want to play God and make your own money, I say you hire a programmer and go do it in your own shiny new chat.

You do understand that you are only the largest business in SL is not guaranteed forever? Sure, it would take a lot of money, but you offer nothing that somone else couldn't if they have the cash to risk, and bump you from your position or monopoly? If I won the lottery, I'd be sure to put a spare million into SL to do just that for the fun of seeing you wriggle.

What plans do you have for when Anshecorp collapses, or SL closes? What will you do then with all your worthless land and worthless currency that you can't do a thing with?

Lewis

No, the rate would be driven by the supply and demand. However, we would guarantee buyback for certain amount of silver EUR. This mean, we would only set one lower limit. It is very likely that the actual rate the A$ would be traded for would be considerably higher.

You know I always found it interesting that anytime someone says anything pointing out the real intent behind little schemes like this by a certain individual, members of thier group seem to start saying shut up. Perhaps the real reason if you don't want people pointing out the real motivation behind these little plans. I am merely pointing out the truth before yet more ppl get FOOLED. So how about YOU stop flooding the thread trying to make a bad deal look good. Dip a rose in fecal material and it still stinks when you pull it back out.

Well then I am sure you would be willing to provide written backing of your claims of the actual value along with guarantess that if anyone found out they had been underpaid you'd face stiff penalties in writing. Or would you? And again I don't like the idea of a person in control of the in world currency who will merely release more to themselves at thier leisure to do as they please. If there is any third party currency instated in world it should not be one backed by any one person but rather should be backed by a neutral third party. I have to work for my money not jsut print it up.

again my reasons are my own but I will not do business with you in any way shape or form. If you want to know my reasons then you can ask me in world since they are not a topic for discussion on these forums. Let's jsut say I already have had some experience with said business.

I do not know why some people seems pure evil to me , Lewis.
I mean, of course its nice to win on lottery, but why would one want to use that money to put someone out of business?
I just won 1 million Sterlings, so I decided to start giving out free cakes, so the local bakery would have to close. Then when they have closed I will not give out free cakes anymore; I do not then care anymore if people get cakes or not, my goal was just to ruin a business because I could do so.

I do not know, is it only me who see something not logical and evil in this way of thinking?

I did a little googling and found something I thought very interesting aside from the fact thta there is tons of info on Anshe online:

http://en.wikipedia.org/wiki/Anshe_Chung

You're truely paranoïd



And there is no evidence that this deal is BAD.



Call that a "risk".



The odds for you to win at lottery is extremly low.
Even if you win, I think you won't invest tons of money just to crash the SL economy and, of course, lose most of your investment.

I'll take this risk

It's called 'beating the capitalists at their own game'. Any sensible business owner knows that any time competition can appear and push them out of the market, so they have to adjust and keep up with being ahead, rather than resting on their laurels and considering themselves secure in their position.

I don't like the capitalism in game, but if I was to use capitalist techniques to blast other capitalists out of the water, that's only giving them a taste of what they have no doubt done to countless others on their way up the ladder of success, backstabbing others and treading on them as you pass them.

The chances of me winning the lottery are not great, and not helped by the fact that I don't actually buy a ticket... but the principle remains.

Power is great, until someone steals it from you. But you know what... if I did do what I suggested above, there is absolutely nothing anyone could do to stop me, and it doesn't violate the community standards in any way whatsoever. Is it morally right? Perhaps not, but then, it's only a game isn't it?

Lewis

One thing I can say for a fact is Dmi is not at all paranoid. By making such a statement as you did you have resorted to troll tactics.

Perhaps because some of us have a clue about how said person does "business".