Second Life Forums Archive - we need to do something..

Sara Beeks

Registered User

Join date: 26 Mar 2006

Posts: 2

04-01-2006 23:29

Why can't everyone just get the sellers to agree on a certain rate. A good 100L/$1 sounds nice and clean to me

Tyr Sartre

Stipend Breeder

Join date: 27 Sep 2005

Posts: 76

04-02-2006 00:21

I've read so many posts on this now my eyes are glazed over :-\
The best way for LL to fix the price of the linden, and still make a profit (Dunno if anyone has said this) is to accept tier payments in lindens. They destroy what ever percentage, and put the remaining linden for sale back into the market at a price that will get them the US$ to cover the cost of the tier payment, thus eliminating an excess flow of linden in the market. I'm sure doing it this way would be the best way to neutralize the inflow of new linden due to stipends and dwell bonuses, while keeping it all and not causing a portion of the population to leave.
I'm sure even people like Anshe would love to pay their tier with Lindens rather then flooding the market.....unless she really is just devising schemes to take over LL

Satu Moreau

Seldom seen ***** phantom

Join date: 22 Nov 2004

Posts: 65

04-02-2006 09:07

You know, I recall something mentioned by LL before. About... what was it called? Market confidence? Something along those lines. And honestly, they were right. It's not the buyers that set the L$ price, it's the sellers. If you think it will sell for more, put it up for more. If everyone puts up their L$ for more USD, the price will rise. People have to have confidence that their L$ will sell at a higher price. It's the sellers who think it won't sell that keep dropping the value of the L$.

Jason Foo

Old Timer

Join date: 6 Feb 2004

Posts: 105

04-02-2006 09:13

From: Satu Moreau

You know, I recall something mentioned by LL before. About... what was it called? Market confidence? Something along those lines. And honestly, they were right. It's not the buyers that set the L$ price, it's the sellers. If you think it will sell for more, put it up for more. If everyone puts up their L$ for more USD, the price will rise. People have to have confidence that their L$ will sell at a higher price. It's the sellers who think it won't sell that keep dropping the value of the L$.

AMEN Brother! Finally someone understands about the sellers! lets go people, everyone sell at 250/1US$ and lets drop to the target in a week!then if we can al maintain a bit of patince (Wich no one seems to have) we will all get what we want for our money.

Tyr Sartre

Stipend Breeder

Join date: 27 Sep 2005

Posts: 76

04-02-2006 10:28

I suggested that while back, but then had someone say they needed to sell the L right away to pay tier, then another person said that even if it's done that way there will still be a flood of L$ on the market that will take forever to buy up. So, the one way I can think of to quickly resolve those two problems is for LL to accept payments in L, destroy a big enough % of them that they can sell the remainder at a low enough price that they still make their money, cut the number of L$ in circulation, and stabalize the cost of the L$. After reading all the differen't suggestions and thoughts, no one wanting to have their L$ taken away, their dwell bonuses and everything else, this is the only way I can see them fixing the problem without upsetting half the population.

Lewis Nerd

Nerd by name and nature!

Join date: 9 Oct 2005

Posts: 3,431

04-02-2006 10:38

From: Jason Foo

AMEN Brother! Finally someone understands about the sellers! lets go people, everyone sell at 250/1US$ and lets drop to the target in a week!then if we can al maintain a bit of patince (Wich no one seems to have) we will all get what we want for our money.

Wrong.

The sellers get what they want... the buyers don't.

Only a tiny % of the playerbase are advantaged when the rate drops.

Nobody's forcing you to sell, so don't be greedy, hang on to your cash in game and do something useful with it instead.

Lewis

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Amber Lehane

Registered User

Join date: 28 Mar 2005

Posts: 47

04-02-2006 10:49

From: slick McCoy

I think it's pretty obvious that the majority of people buying/selling lindens don't run a business in SL and just want to sell their Lindens as fast as possible and thus most of the new sellers put their Linden at less than what some people would want who are trying to make a business in the game. Simply put until you can convince the casual seller (I'm sure that more people sell casually than business people do, although I don't have any hard evidence on that) to sell at a rate that won't hurt the economy in the long run.

Oh lord this place is starting to look like the World of Warcraft boards. Casual and Hardcore BAH, its great some people are making money in game. Though I don't think it should be a reliable source of income.

I mean do you really want to have to state your cashed out US$ on your taxes? Technically SL is a hobby right?

Ugh taxes I gotta send mine out! *Cries!*

we need to do something..
Sara Beeks Registered User Join date: 26 Mar 2006 Posts: 2	04-01-2006 23:29 Why can't everyone just get the sellers to agree on a certain rate. A good 100L/$1 sounds nice and clean to me
Tyr Sartre Stipend Breeder Join date: 27 Sep 2005 Posts: 76	04-02-2006 00:21 I've read so many posts on this now my eyes are glazed over :-\ The best way for LL to fix the price of the linden, and still make a profit (Dunno if anyone has said this) is to accept tier payments in lindens. They destroy what ever percentage, and put the remaining linden for sale back into the market at a price that will get them the US$ to cover the cost of the tier payment, thus eliminating an excess flow of linden in the market. I'm sure doing it this way would be the best way to neutralize the inflow of new linden due to stipends and dwell bonuses, while keeping it all and not causing a portion of the population to leave. I'm sure even people like Anshe would love to pay their tier with Lindens rather then flooding the market.....unless she really is just devising schemes to take over LL
Satu Moreau Seldom seen ***** phantom Join date: 22 Nov 2004 Posts: 65	04-02-2006 09:07 You know, I recall something mentioned by LL before. About... what was it called? Market confidence? Something along those lines. And honestly, they were right. It's not the buyers that set the L$ price, it's the sellers. If you think it will sell for more, put it up for more. If everyone puts up their L$ for more USD, the price will rise. People have to have confidence that their L$ will sell at a higher price. It's the sellers who think it won't sell that keep dropping the value of the L$.
Jason Foo Old Timer Join date: 6 Feb 2004 Posts: 105	04-02-2006 09:13 From: Satu Moreau You know, I recall something mentioned by LL before. About... what was it called? Market confidence? Something along those lines. And honestly, they were right. It's not the buyers that set the L$ price, it's the sellers. If you think it will sell for more, put it up for more. If everyone puts up their L$ for more USD, the price will rise. People have to have confidence that their L$ will sell at a higher price. It's the sellers who think it won't sell that keep dropping the value of the L$. AMEN Brother! Finally someone understands about the sellers! lets go people, everyone sell at 250/1US$ and lets drop to the target in a week!then if we can al maintain a bit of patince (Wich no one seems to have) we will all get what we want for our money.
Tyr Sartre Stipend Breeder Join date: 27 Sep 2005 Posts: 76	04-02-2006 10:28 I suggested that while back, but then had someone say they needed to sell the L right away to pay tier, then another person said that even if it's done that way there will still be a flood of L$ on the market that will take forever to buy up. So, the one way I can think of to quickly resolve those two problems is for LL to accept payments in L, destroy a big enough % of them that they can sell the remainder at a low enough price that they still make their money, cut the number of L$ in circulation, and stabalize the cost of the L$. After reading all the differen't suggestions and thoughts, no one wanting to have their L$ taken away, their dwell bonuses and everything else, this is the only way I can see them fixing the problem without upsetting half the population.
Lewis Nerd Nerd by name and nature! Join date: 9 Oct 2005 Posts: 3,431	04-02-2006 10:38 From: Jason Foo AMEN Brother! Finally someone understands about the sellers! lets go people, everyone sell at 250/1US$ and lets drop to the target in a week!then if we can al maintain a bit of patince (Wich no one seems to have) we will all get what we want for our money. Wrong. The sellers get what they want... the buyers don't. Only a tiny % of the playerbase are advantaged when the rate drops. Nobody's forcing you to sell, so don't be greedy, hang on to your cash in game and do something useful with it instead. Lewis _____________________ Second Life Stratics - your new premier resource for all things Second Life. Free to join, sign up today! Pocket Protector Projects - Rosieri 90,234,84 - building and landscaping services
Amber Lehane Registered User Join date: 28 Mar 2005 Posts: 47	04-02-2006 10:49 From: slick McCoy I think it's pretty obvious that the majority of people buying/selling lindens don't run a business in SL and just want to sell their Lindens as fast as possible and thus most of the new sellers put their Linden at less than what some people would want who are trying to make a business in the game. Simply put until you can convince the casual seller (I'm sure that more people sell casually than business people do, although I don't have any hard evidence on that) to sell at a rate that won't hurt the economy in the long run. Oh lord this place is starting to look like the World of Warcraft boards. Casual and Hardcore BAH, its great some people are making money in game. Though I don't think it should be a reliable source of income. I mean do you really want to have to state your cashed out US$ on your taxes? Technically SL is a hobby right? Ugh taxes I gotta send mine out! Cries!

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