Welcome to the Second Life Forums Archive

These forums are CLOSED. Please visit the new forums HERE

Second Life needs stable currency
Lecktor Hannibal
YOUR MOM
Join date: 1 Jul 2004
Posts: 6,734
03-30-2006 10:17
:D

I think this is the first time I've ever hijacked an A$$ thread before. I can go to the cornfield happy now.
_____________________
YOUR MOM says, 'Come visit us at SC MKII http://secondcitizen.net '

From: Khamon Fate
Oh, Lecktor, you're terrible.

Bikers have more fun than people !
Belaya Statosky
Information Retrieval
Join date: 3 Jun 2004
Posts: 552
03-30-2006 10:19
Man, first no Taco and now corn? Stuff better pick up here, I already tapped the keg..

Hell, where's Ulrika when you need her?
Anshe Chung
Business Girl
Join date: 22 Mar 2004
Posts: 1,615
03-30-2006 10:19
From: Jason Foo
Well maybe if you realised that if the 3rd person waited a little longer, their L$ would sell next! Say you want to sell 500KL$ at 250 and then I post 10KL$ at 250. I know my a matter of deduction that it is first come first served. I will get my money as soon as yours sells. Unless everyone keeps trying to get in the front of the line and undercutting everyone else.

If for one day... Just one day, we all just stop selling, I believe the value of the L$ will rise a minimum 6-10 points for an increase of the L$ value. And also if we all just waited patiently in line, we would all get our money within 24 hours or so.


This way the queue would become longer and longer and longer. It would not be waiting "24 hours or so". At first maybe people need wait only one day to sell, but then it will become one week, one month, one year,...
_____________________
ANSHECHUNG.COM: Buy land - Sell land - Rent land - Sell sim - Rent store - Earn L$ - Buy L$ - Sell L$

SLEXCHANGE.COM: Come join us on Second Life's most popular website for shopping addicts. Click, buy and smile :-)
Lasivian Leandros
Hopelessly Obsessed
Join date: 11 Jul 2005
Posts: 238
03-30-2006 10:21
Anshe, tell me how i'd pay 195$ for a sim with Anshe$.

I'd have to exchange them for USD.

At what rate? Or would that fluctuate with the market?
_____________________
From: someone
"SL is getting to be like a beat up old car with a faulty engine which keeps getting a nice fresh layer of paint added on, while the engine continues to be completely unreliable." - Kex Godel
Belaya Statosky
Information Retrieval
Join date: 3 Jun 2004
Posts: 552
03-30-2006 10:23
From: Lasivian Leandros
Anshe, tell me how i'd pay 195$ for a sim with Anshe$.

I'd have to exchange them for USD.

At what rate? Or would that fluctuate with the market?


Hey, Lasivian, have you seen Taco anywhere? I keep refreshing and it's like the dude is ditching us.
Kazanture Aleixandre
Here I am.
Join date: 5 Oct 2005
Posts: 524
03-30-2006 10:24
From: Jason Foo
Well maybe if you realised that if the 3rd person waited a little longer, their L$ would sell next! Say you want to sell 500KL$ at 250 and then I post 10KL$ at 250. I know my a matter of deduction that it is first come first served. I will get my money as soon as yours sells. Unless everyone keeps trying to get in the front of the line and undercutting everyone else.

If for one day... Just one day, we all just stop selling, I believe the value of the L$ will rise a minimum 6-10 points for an increase of the L$ value. And also if we all just waited patiently in line, we would all get our money within 24 hours or so.


You are not right, at last 30 days, market stock on lindex increased 5 million L$. This means for example sellers wanted to sell 30 million, and buyers bought 25 million. 5 million couldnt be sold.yes maybe tomorrow they will sell, but everythey this not-selling stock will increase.
You are completely wrong, imagine there is no L$ at market for sale then people put 5 million at 250 everyday and buyers are buying 4.5 million everyday.
start of first day: 5 milion at 250
end of first day: 500K at 250
start of second day: 5.5 milion at 250
end of second day: 1million at 250
start of third day: 6 milion at 250
end of third day: 1.5million at 250

.....
....
end of 100 days: 50 million at 250

and at 101th day, u will have to put at 251 or will wait 50 million L$ to sell at 250.
I posted 1 week ago about this calculation, so anshe(before her me) is right , LL should calculate income and outcome of the SL well.

/130/61/94751/6.html#post948701
.... means 15% of L$ sell requests are not selling. And to sell this amount people are lowering the exchange rate. And this 15% is increasing everyday, over 5 million in 12 days-> over 12 million in a month. This 12 million is totally extra in the market. No resident can stop or force this devaluation(SELL FOR LOWER/HIGHER calls are meaningless.). This can be explained only by mismanagement of the economy. LL has the power which no goverment has. They should be easily managing the economy.....
Lecktor Hannibal
YOUR MOM
Join date: 1 Jul 2004
Posts: 6,734
03-30-2006 10:24
From: Belaya Statosky
Hey, Lasivian, have you seen Taco anywhere? I keep refreshing and it's like the dude is ditching us.

The peyote is kicking in, I feel his presence.
_____________________
YOUR MOM says, 'Come visit us at SC MKII http://secondcitizen.net '

From: Khamon Fate
Oh, Lecktor, you're terrible.

Bikers have more fun than people !
Belaya Statosky
Information Retrieval
Join date: 3 Jun 2004
Posts: 552
03-30-2006 10:27
From: Lecktor Hannibal
The peyote is kicking in, I feel his presence.


Good man, 'cause I'm already getting THE FEAR. This is bat country...
Eboni Khan
Misanthrope
Join date: 17 Mar 2004
Posts: 2,133
03-30-2006 10:28
Awesome! The axis of evil is complete.

Anshe owns the land, buys content creator accounts, and now wants to own the money.

Anshe owns SL. Game Over.


This thread is amazing! Anshe Dollars.


Ok a legit question...


Anshe who will be doing your auditing? You need to have a REAL auditor on this, your husband or cousin is not going to cut it. Will you provide quarterly disclosures? Where can we download the investors brochure?
Lasivian Leandros
Hopelessly Obsessed
Join date: 11 Jul 2005
Posts: 238
03-30-2006 10:28
From: Belaya Statosky
Hey, Lasivian, have you seen Taco anywhere? I keep refreshing and it's like the dude is ditching us.


Yeah, I keep pounding refresh too, I was told it would make more people reply if I hit it harder.
_____________________
From: someone
"SL is getting to be like a beat up old car with a faulty engine which keeps getting a nice fresh layer of paint added on, while the engine continues to be completely unreliable." - Kex Godel
Lecktor Hannibal
YOUR MOM
Join date: 1 Jul 2004
Posts: 6,734
03-30-2006 10:29
From: Lasivian Leandros
Yeah, I keep pounding refresh too, I was told it would make more people reply if I hit it harder.

It's working. Hit it 'til it bleeds :p
_____________________
YOUR MOM says, 'Come visit us at SC MKII http://secondcitizen.net '

From: Khamon Fate
Oh, Lecktor, you're terrible.

Bikers have more fun than people !
Lucifer Baphomet
Postmodern Demon
Join date: 8 Sep 2005
Posts: 1,771
03-30-2006 10:29
Taco, Taco wherefore art thou, Taco
_____________________
I have no signature,
Taco Rubio
also quite creepy
Join date: 15 Feb 2004
Posts: 3,349
03-30-2006 10:30
In January the leading indicator index, which gauges the economic prospects for the next three months, edged up 0.1 percent for the third consecutive rise. CEPD officials indicated that SL's economic indicator light might remain in the "green" light zone in the coming months unless the indicators could gain a total of more than three more points to boost the composite index score to the yellow-red light level of 32 points.

_____________________
From: Torley Linden
We can't be clear enough, ever, in our communication.
Lecktor Hannibal
YOUR MOM
Join date: 1 Jul 2004
Posts: 6,734
03-30-2006 10:31
From: Taco Rubio
In January the leading indicator index, which gauges the economic prospects for the next three months, edged up 0.1 percent for the third consecutive rise. CEPD officials indicated that SL's economic indicator light might remain in the "green" light zone in the coming months unless the indicators could gain a total of more than three more points to boost the composite index score to the yellow-red light level of 32 points.


I HATE TULIPS !! :mad:
_____________________
YOUR MOM says, 'Come visit us at SC MKII http://secondcitizen.net '

From: Khamon Fate
Oh, Lecktor, you're terrible.

Bikers have more fun than people !
Belaya Statosky
Information Retrieval
Join date: 3 Jun 2004
Posts: 552
03-30-2006 10:31
From: Taco Rubio
In January the leading indicator index, which gauges the economic prospects for the next three months, edged up 0.1 percent for the third consecutive rise. CEPD officials indicated that SL's economic indicator light might remain in the "green" light zone in the coming months unless the indicators could gain a total of more than three more points to boost the composite index score to the yellow-red light level of 32 points.



Shit, thanks man, I really was wondering about that and it was starting to bug me just like when my companion asked me if I wanted to try doing the 'Reverse Pac-Man' with them. Should I be concerned about that as well?
Lecktor Hannibal
YOUR MOM
Join date: 1 Jul 2004
Posts: 6,734
03-30-2006 10:32
From: Belaya Statosky
Shit, thanks man, I really was wondering about that and it was starting to bug me just like when my companion asked me if I wanted to try doing the 'Reverse Pac-Man' with them. Should I be concerned about that as well?

wakka wakka wakka ! I can wiggle my ears !
_____________________
YOUR MOM says, 'Come visit us at SC MKII http://secondcitizen.net '

From: Khamon Fate
Oh, Lecktor, you're terrible.

Bikers have more fun than people !
Belaya Statosky
Information Retrieval
Join date: 3 Jun 2004
Posts: 552
03-30-2006 10:34
From: Lecktor Hannibal
wakka wakka wakka ! I can wiggle my ears !


Yes.. I do believe I SHOULD be concerned... :eek:
Lina Pussycat
Texture WizKid
Join date: 19 Jun 2005
Posts: 731
ok...
03-30-2006 10:35
From: Kazanture Aleixandre
You are not right, at last 30 days, market stock on lindex increased 5 million L$. This means for example sellers wanted to sell 30 million, and buyers bought 25 million. 5 million couldnt be sold.yes maybe tomorrow they will sell, but everythey this not-selling stock will increase.
You are completely wrong, imagine there is no L$ at market for sale then people put 5 million at 250 everyday and buyers are buying 4.5 million everyday.
start of first day: 5 milion at 250
end of first day: 500K at 250
start of second day: 5.5 milion at 250
end of second day: 1million at 250
start of third day: 6 milion at 250
end of third day: 1.5million at 250

.....
....
end of 100 days: 50 million at 250

and at 101th day, u will have to put at 251 or will wait 50 million L$ to sell at 250.
I posted 1 week ago about this calculation, so anshe(before her me) is right , LL should calculate income and outcome of the SL well.

/130/61/94751/6.html#post948701/130/61/94751/6.html#post948701
.... means 15% of L$ sell requests are not selling. And to sell this amount people are lowering the exchange rate. And this 15% is increasing everyday, over 5 million in 12 days-> over 12 million in a month. This 12 million is totally extra in the market. No resident can stop or force this devaluation(SELL FOR LOWER/HIGHER calls are meaningless.). This can be explained only by mismanagement of the economy. LL has the power which no goverment has. They should be easily managing the economy.....


to a degree you are correct there is a extra L out there but then again eventually it all gets sold as long as people keep influxing into the market however new L for sale pops up. With them undercutting to sell faster . Even with the extra a month it will sell in time the person u quoted never stated a time frame it all eventually sells. Its poeple putting mass quanities of l in taht becomes a problem.

The fact of the matter the Undercutting taht people are doing is causing more L not to sell as the people selling a ton are the main people selling hence they dictate the Price of the L if people want to compete with them they undercut and then the larger people undercut and it becomes a never ending cycle of inflation!
Kelly Nordberg
Registered User
Join date: 12 Mar 2006
Posts: 116
03-30-2006 10:40
From: Sally Seattle
Anshe, was it really that smart to post this in public?

I sold all my L$ this morning in case the idea makes everyone holding jumpy.


Maybe that is the whole point of it.... currency exchange is about speculation after all. news like this start the rumormill of:" the biggest holder of $L in SL is planning to dump it all".

A very good way to force a drop in the $L value.
ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
03-30-2006 10:52
From: Kelly Nordberg
Maybe that is the whole point of it.... currency exchange is about speculation after all. news like this start the rumormill of:" the biggest holder of $L in SL is planning to dump it all".

A very good way to force a drop in the $L value.




Look at the bright side.. Everything is getting cheaper....
_____________________
Siggy Romulus
DILLIGAF
Join date: 22 Sep 2003
Posts: 5,711
03-30-2006 10:55
A currency is only usefull if it's recognized as tender.

I for one won't be recognizing A$$ as money. Besides I don't do biz with that company - and that policy won't change.

So - I say go peddle your A$$ elsewhere :)
_____________________
The Second Life forums are living proof as to why it's illegal for people to have sex with farm animals.

From: Jesse Linden
I, for one, am highly un-helped by this thread
Siobhan Taylor
Nemesis
Join date: 13 Aug 2003
Posts: 5,476
03-30-2006 11:09
From: Siggy Romulus
So - I say go peddle your A$$ elsewhere :)
Paddle your own... oh, you said peddle... sorry, I'll shaddup now...
_____________________
http://siobhantaylor.wordpress.com/
Ghoti Nyak
καλλιστι
Join date: 7 Aug 2004
Posts: 2,078
03-30-2006 11:19
From: Siggy Romulus
So - I say go peddle your A$$ elsewhere :)


A$$... hmmm... so now, to go along with the 'L$ sinks', we'll need 'A$$ holes' too?

:D

-Ghoti
_____________________
"Sometimes I believe that this less material life is our truer life, and that our vain presence on the terraqueous globe is itself the secondary or merely virtual phenomenon." ~ H.P. Lovecraft
Siobhan Taylor
Nemesis
Join date: 13 Aug 2003
Posts: 5,476
03-30-2006 11:20
From: Ghoti Nyak
A$$... hmmm... so now, to go along with the 'L$ sinks', we'll need 'A$$ holes' too?

:D

-Ghoti
The forum's full of them already, Ghoti hun.
_____________________
http://siobhantaylor.wordpress.com/
Belaya Statosky
Information Retrieval
Join date: 3 Jun 2004
Posts: 552
03-30-2006 11:23
From: Ghoti Nyak
A$$... hmmm... so now, to go along with the 'L$ sinks', we'll need 'A$$ holes' too?

:D

-Ghoti


Hey! I resemble that remark! :eek:
1 ... 4 5 6 7 8 9 10 11 12 ... 14