You mean the truth isnt here?
http://secondlife.com/whatis/plans.php
The stipend is listed on the premium benefits..its PAID FOR for those who can understand up means up and down means down. Maybe soemone needs hooked on phonics.
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Jonas Pierterson
Dark Harlequin
Join date: 27 Dec 2005
Posts: 3,660
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03-22-2006 05:14
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Lucifer Baphomet
Postmodern Demon
Join date: 8 Sep 2005
Posts: 1,771
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03-22-2006 05:15
lol, beat you Jonas
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I have no signature,
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Introvert Petunia
over 2 billion posts
Join date: 11 Sep 2004
Posts: 2,065
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03-22-2006 05:18
Think of the children!
I'm not sure what they have to do with this discussion; then again, I'm not sure if this discussion is related to this discussion. How many L$ can dance on the point of a needle? I always forget.  |
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Jonas Pierterson
Dark Harlequin
Join date: 27 Dec 2005
Posts: 3,660
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03-22-2006 05:19
yep
Not the first time I've directed him there eitherPerhaps ironically I'm playing greedy greedy in world right now. |
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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03-22-2006 05:34
If premium account members dont pay for their stipends, why are the account plans presented thus on the Linden Labs webpage.... http://secondlife.com/whatis/plans.php Hmm looks like LL say i pay for my stipend. For you to "PAY" for your stipends, it would mean that LL is taking a portion of your premium fee and buying L$ on LindenX on your behalf and giving you L$500/wk. Instead, LL is taking your premium fee, putting it into their bank account, and printing L$500/wk. As such, you didn't really pay for that L$, you only bought the ability to be on LL's list of recepients getting L$500 from the money machine. When LL$ takes your premium fee and buy's L$ on the LindenX, then you can claim that you pay for your stipend. _____________________
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Jonas Pierterson
Dark Harlequin
Join date: 27 Dec 2005
Posts: 3,660
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03-22-2006 05:38
no Reserve, thats YOUR deinition of pay.
We pay for our stipend by LL's defintion of paid for. Linden Labs overrules your opinion. We pay for our stipends, by LL rules. I can claim TRUTHFULLY that I pay for it now. Get over yourself. to clarify: To PAY for my stipend I pay LL a set amount US$ monthly, andnthey give me a Linden $ amount weekly. The situation meets this definition. I pay for my stipend. |
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Jesrad Seraph
Nonsense
Join date: 11 Dec 2004
Posts: 1,463
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03-22-2006 06:02
When LL$ takes your premium fee and buy's L$ on the LindenX, then you can claim that you pay for your stipend. Nonsense. They have the magic L$ printing press. They can issue your stipend money, take your US$, and call it a transaction if they want. And so can I or Jonas. Also, if the L$ should only be sold in LindeX from residents, where would the residents get the L$ they sell there ?  Someone has to print them, and get paid for it. youknow, like what the Reserve Bank does in the US, surely you should know about them ?_____________________
Either Man can enjoy universal freedom, or Man cannot. If it is possible then everyone can act freely if they don't stop anyone else from doing same. If it is not possible, then conflict will arise anyway so punch those that try to stop you. In conclusion the only strategy that wins in all cases is that of doing what you want against all adversity, as long as you respect that right in others.
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Lucifer Baphomet
Postmodern Demon
Join date: 8 Sep 2005
Posts: 1,771
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03-22-2006 06:03
For you to "PAY" for your stipends, it would mean that LL is taking a portion of your premium fee and buying L$ on LindenX on your behalf and giving you L$500/wk. Instead, LL is taking your premium fee, putting it into their bank account, and printing L$500/wk. As such, you didn't really pay for that L$, you only bought the ability to be on LL's list of recepients getting L$500 from the money machine. When LL$ takes your premium fee and buy's L$ on the LindenX, then you can claim that you pay for your stipend. Seeing as the Linden Dollar is an imaginary currency created by linden labs, that is the most assinine statemment I think I ever heard. _____________________
I have no signature,
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Lucifer Baphomet
Postmodern Demon
Join date: 8 Sep 2005
Posts: 1,771
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03-22-2006 06:04
Damn, you beat me Jesrad
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kirkmegna Wombat
Registered User
Join date: 1 Feb 2006
Posts: 89
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03-22-2006 07:52
OK, so what idiots are selling their linden at L$290/$1US? I agree with the statement that if Linden Labs were to "purchase" our stipend from the lindex and give it to us in exchange for our monthly fee, that would solve a lot of issues with the dropping linden. The problem with that however is that LL is a BUSINESS! They want to make money - and keeping montly fees the same and buying up lindex lindens would cause a huge drop in profit for LL. The issue at hand is that people keep trying to relate this to real world economy. This is a problem because this economic system cant be compared to any other system in the world. Where else does a government constantly print out new money, give every member of society weekly cheques, not require any member of society to have to work to get items (freebies, avitar has no need to eat, sleep, etc) or all the other factors that make SL so unique. If we want to analyze the dropping linden, it's hard to use real world economics to come up with a plan of action unless we plan on creating SL more like RL... I don't come on for RL, I come on for fun - guess you have to decide for yourself what's more important.
Cheers, Kirk Wombat p.s. Thoughts and feedback are welcome and encouraged |
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Games Prototype
Force Recon Sniper
Join date: 4 Aug 2004
Posts: 159
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03-22-2006 08:44
Where else does a government constantly print out new money, give every member of society weekly cheques, not require any member of society to have to work to get items (freebies, avitar has no need to eat, sleep, etc) or all the other factors that make SL so unique. Ever hear of Welfare?  _____________________
Life is serious, Games are fun. Enjoy your second life.
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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03-22-2006 08:47
OK, so what idiots are selling their linden at L$290/$1US? Why is somebody selling at L$290 an idiot? Maybe they want out of the Linden Dollar and the fastest way is to sell it for less than the current asking price. If it sells, great. If it doesn't, the seller might have to request less until it does sell.. Maybe they had their block posted at L$272 and it wasn't moving because folks selling for less got in the way.. See what I'm saying? NO PRICE is a wrong price. The price at the market (ie: LindenX) "IS THE PRICE".. Be itm L$290, L$250, or L$350. So the only idiot I see is you. Unable to understand The Market. _____________________
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Stan Pomeray
Starchy Sturgess
Join date: 14 Sep 2005
Posts: 205
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03-22-2006 08:59
Ever hear of Welfare? Ask Gordon Brown, he does it all the time ! |
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Jonas Pierterson
Dark Harlequin
Join date: 27 Dec 2005
Posts: 3,660
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03-22-2006 09:05
Ever hear of Welfare? But if we pay for it, as we do on SL, its not welfare |
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Jopsy Pendragon
Perpetual Outsider
Join date: 15 Jan 2004
Posts: 1,906
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03-22-2006 09:58
For you to "PAY" for your stipends, it would mean that LL is taking a portion of your premium fee and buying L$ on LindenX on your behalf and giving you L$500/wk. Instead, LL is taking your premium fee, putting it into their bank account, and printing L$500/wk. As such, you didn't really pay for that L$, you only bought the ability to be on LL's list of recepients getting L$500 from the money machine. When LL$ takes your premium fee and buy's L$ on the LindenX, then you can claim that you pay for your stipend. Jonas- You should be nicer to RBD, it's entirely possible that English isn't his primary language. Perhaps he was still trying to master the vastly difficult art of looking words up in a dictionary while trying to keep up in class. In his native language "Pay" really means something obtuse... like "Silly Noodles in a Bludgeoned Necrotic Equine Sauce" or something rare delicacy from his lands. I'm sure if he were better at English, (or perhaps more attentive in the Economics 101 class he keeps recommending to everyone), he wouldn't have missed Chapter 1: Terms and Definitions: I'll include one here... despite the fact that RBD's English only seems to be able to respond to half a sentence out of an entire post and has probably already picked on something to take out of context and will ignore the rest... Pay: (verb) 1. To give money to in return for goods or services rendered: pay the cashier. 2. To give (money) in exchange for goods or services: paid four dollars for a hamburger; paid an hourly wage. 3. To discharge or settle (a debt or obligation): paying taxes; paid the bill. 4. 1. To give recompense for; requite: a kindness that cannot be paid back. 2. To give recompense to; reward or punish: I'll pay him back for his insults. 5. To bear (a cost or penalty, for example) in recompense: She paid the price for her unpopular opinions. It's a shame that definition 5 there doesn't apply to him. Paying someone to rob, mint, counterfiet, or loan money is still PAYING them. -- Have mercy on the bludgeoned necrotic equine. |
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Jopsy Pendragon
Perpetual Outsider
Join date: 15 Jan 2004
Posts: 1,906
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03-22-2006 10:16
OK, so what idiots are selling their linden at L$290/$1US? Worse that that... look at the last 90 days of market data... There are more spikes to L$300 than there are for $290. I suppose always selling at L$300 simplifies accounting, but it does seem rather silly. And it encourages L$ buyers to try for one of those cheaper batches. (if they pay any attention to the market data, which I doubt many do.) Ricky- Any comment on how that affects the over all value of the L$? -- This .sig for rent. _____________________
* The Particle Laboratory * - One of SecondLife's Oldest Learning Resources.
Free particle, control and targetting scripts. Numerous in-depth visual demonstrations, and multiple sandbox areas. - Stop by and try out Jopsy's new "Porgan 1800" an advanced steampunk styled 'particle organ' and the new particle texture store! |
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George Flan
Registered User
Join date: 21 Sep 2005
Posts: 268
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Hi Lucifer
03-22-2006 11:44
Seeing as the Linden Dollar is an imaginary currency created by linden labs, that is the most assinine statemment I think I ever heard. Hi Lucifer, Been a while since we have talked. I could not have put it any better, except maybe make a small change to the spelling of the word assinine as it apply to that individual......to many letters after the ss......lol |
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Shadow Garden
Just horsin' around
Join date: 17 Jul 2005
Posts: 226
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03-22-2006 15:28
But there is a big gap and increasing alot everyday: (GMT) Time>-----------------------Lindex L$ stock over the rate 250L$/usd-----Lowest L$ exc. rate march-08: 15:00(GMT)------------------26676598------------------------------------279 march-09: 16:29(GMT)------------------27171853------------------------------------279 march-10: 13:22(GMT)------------------27578312------------------------------------280 march-13: 14.05(GMT)------------------27975892------------------------------------280 march-14: 17:49(GMT)------------------28286899------------------------------------282 march-15: 17:28(GMT)------------------27808106----------------------------------- 281 march-16: 16:42(GMT)------------------28256826------------------------------------282 march-17: 15:21(GMT)------------------28234515------------------------------------281 march-19: 15:09(GMT)------------------30064421------------------------------------282 march-20: 14:41(GMT)------------------32049378------------------------------------286 This is really not good. 32 million L$ waiting to sell for less than 250L$/usd. And this amount increased 5.372.780 in less than 12 days. This is not the total sell request, this is only the difference between sellers and buyers. this means like some people wanted to sell 35-40 million in 12 days and 5.3 million couldnt be sold. This means 15% of L$ 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. Interesting data. Thank you for compiling it! It does lend a great deal of weight to the discussion about how much L$ is in circulation, and why the selling price is getting more and more favorable to the buyer as opposed to the seller. _____________________
"Ah, ignorance and stupidity all in the same package ... How efficient of you!" - Londo Molari, Babylon V.
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Shadow Garden
Just horsin' around
Join date: 17 Jul 2005
Posts: 226
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03-22-2006 15:31
Have mercy on the bludgeoned necrotic equine. I can't believe it took me 3 reads to figure out the context for this. *smacks forehead with hoof* _____________________
"Ah, ignorance and stupidity all in the same package ... How efficient of you!" - Londo Molari, Babylon V.
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Siggy Romulus
DILLIGAF
Join date: 22 Sep 2003
Posts: 5,711
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03-22-2006 16:27
I am doing something.
I'm laughing. _____________________
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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Jamie Bergman
SL's Largest Distributor
Join date: 17 Feb 2005
Posts: 1,752
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03-22-2006 17:13
Ever hear of Welfare? Yes. Thankfully GWB has eliminated it in the states. |
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Jopsy Pendragon
Perpetual Outsider
Join date: 15 Jan 2004
Posts: 1,906
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03-22-2006 17:36
Yes. Thankfully GWB has eliminated it in the states. Well, according to some definitions of welfare I've seen around here, one could say that the much of the US's military industrial complex is on welfare. Just look at what that debt is doing to the value of the L$!, er.. I mean the value of the US$! -- Would you pay L$1 per teleport? |
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Zen Golding
Registered User
Join date: 9 Sep 2005
Posts: 2
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A simple solution to increase the value of the L.
03-22-2006 17:57
Why don't LL charge a fee to post event listings. Like 10 L per posting. Alot of L would be taken out of the economy and it would cost spammers who spam the event listings.
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Jonas Pierterson
Dark Harlequin
Join date: 27 Dec 2005
Posts: 3,660
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03-22-2006 18:05
pay per teleport? no thank you. And a charge to post an event would be only hurting those who honestly do free events at no profit..
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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03-22-2006 19:15
pay per teleport? no thank you. And a charge to post an event would be only hurting those who honestly do free events at no profit.. Here we go again. Poo Poo the person with the great idea to help get excess L$ out of the economy. But the NIMBY's like Jonas disagree if it impacts their wallet. _____________________
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