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Will LL buy L$ too? |
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Jauani Wu
pancake rabbit
Join date: 7 Apr 2003
Posts: 3,835
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05-09-2006 18:29
since LL has been in the business of selling L$ as stipends at the risk of drastic in world inflation (staved of only due to explosive growth in population), and is now considering doing it in a more direct manner to control the price of the L$, shouldn't it also take the idea of buying L$ seriously, perhaps much more seriously? particularly the ones they give away in the millions each week?
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http://wu-had.blogspot.com/
read my blog Mecha Jauani Wu hero of justice __________________________________________________ "Oh Jauani, you're terrible." - khamon fate |
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Logan Bauer
Inept Adept
Join date: 13 Jun 2004
Posts: 2,237
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05-09-2006 18:35
I heard they are using resident volunteers for that...
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Ricky Zamboni
Private citizen
Join date: 4 Jun 2004
Posts: 1,080
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05-09-2006 19:14
No way. Here's why:
This will never happen. If LL were to begin buying back currency, then every L$ issued and currently in circulation would become a balance sheet liability. On the bright side, they could use that to reduce their tax bill, but I doubt their backers would find an additional $2M in liabilities (with potentially unlimited downside potential) palatable. And props to Elror Gullwing for the excellent addendum to my post. |
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Jauani Wu
pancake rabbit
Join date: 7 Apr 2003
Posts: 3,835
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05-09-2006 19:18
rhetorical question  _____________________
http://wu-had.blogspot.com/
read my blog Mecha Jauani Wu hero of justice __________________________________________________ "Oh Jauani, you're terrible." - khamon fate |
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Ricky Zamboni
Private citizen
Join date: 4 Jun 2004
Posts: 1,080
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05-09-2006 19:20
rhetorical question I should know that by now....  |
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Jauani Wu
pancake rabbit
Join date: 7 Apr 2003
Posts: 3,835
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05-09-2006 20:18
ricky,
come on you know as well as i do that the L$ is the con game. LL has set up a conflicting definition between the TOS - worthless data - and the post 1.2 social definition - a currency - to exploit at their discretion. solicit content creators - L$ is a currency. you can use it as a proxy for usd to sell content. solicit residents - L$ is data, here, you don't have to visit the lindex, have some for free. _____________________
http://wu-had.blogspot.com/
read my blog Mecha Jauani Wu hero of justice __________________________________________________ "Oh Jauani, you're terrible." - khamon fate |