I just checked my e-mail to find this announcement from GOM.
We regret to announce that Gaming Open Market will be stopping all
trading of L$ effective 10pm eastern time Sunday October 2nd. After
that, the site will remain open long enough to allow everyone to
withdraw their cash and L$ balances.
This choice has not been made lightly. However, we feel that closing the L$
market to concentrate on other projects is in the long-term best
interests of GOM.
Thank you all for taking part in what was for us an interesting adventure.
Tom Merrall
President - Gaming Open Market Corp.
I don't really know what to say...
Yes I just saw that someone posted about it in the Economy thread..guess that's what I get for not looking first!
Welcome to the Second Life Forums Archive
These forums are CLOSED. Please visit the new forums HERE
GOM saying goodbye-anyone else got the e-mail? |
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Torrid Midnight
Work in progress
Join date: 13 May 2003
Posts: 814
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09-27-2005 20:28
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Hiro Queso
503less
Join date: 23 Feb 2005
Posts: 2,753
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09-27-2005 20:30
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Ulrika Zugzwang
Magnanimous in Victory
Join date: 10 Jun 2004
Posts: 6,382
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09-27-2005 20:39
What is the point of having a virtual economy if one cannot convert L$ to US$? Are we expected to go through IGE or Anshe *shiver* now? What is their reason for closing? Oh, the humanity!
~Ulrika~ _____________________
Chik-chik-chika-ahh
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Sherrianne Hailey
Registered User
Join date: 21 Apr 2005
Posts: 71
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09-27-2005 20:54
My friend with the one hundred sixty thousand linden dollar balance should have sold them a long time ago, huh?
Market is falling apart. Or I am totally wrong? |
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DogSpot Boxer
vortex thruster
Join date: 23 Aug 2005
Posts: 671
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09-27-2005 20:57
So are we going to see a 1929 style run on GOM, with lots of people dumping $L?
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Dogspot Boxer
Charter Member Of The Socially Inept Club Our Motto: We may be inept, but at least we're social |
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Ricky Zamboni
Private citizen
Join date: 4 Jun 2004
Posts: 1,080
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09-27-2005 21:00
What is the point of having a virtual economy if one cannot convert L$ to US$? Are we expected to go through IGE or Anshe *shiver* now? What is their reason for closing? Oh, the humanity! I'm sure people will find a way to get by without us.  As for the reason, I think Jamie's farewell message said it more eloquentky than I could. T. _____________________
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Sensual Casanova
Spoiled Brat
Join date: 28 Feb 2004
Posts: 4,807
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09-27-2005 21:01
Yup got the message, and what is wrong with IGE or Anshe? The rates are competitive and they are more convenient IMO
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Snowcrash Hoffman
Digital mind virus
Join date: 30 Jan 2005
Posts: 282
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09-27-2005 21:03
So are we going to see a 1929 style run on GOM, with lots of people dumping $L? We just talked with Philip at WA, they are going to kick in exchange system in time by GOM closure. No need to panic. |
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Dnate Mars
Lost
Join date: 27 Jan 2004
Posts: 1,309
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09-27-2005 21:05
I think I would rather see a panic. I like chaos! Wonder what this means for Ginko?
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DogSpot Boxer
vortex thruster
Join date: 23 Aug 2005
Posts: 671
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09-27-2005 21:10
We just talked with Philip at WA, they are going to kick in exchange system in time by GOM closure. No need to panic. Cool. I only have about $80 USD worth of Lindens, so I wasn't too worried. It's just good to know LL is on the case. What's WA? _____________________
Dogspot Boxer
Charter Member Of The Socially Inept Club Our Motto: We may be inept, but at least we're social |
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Lecktor Hannibal
YOUR MOM
Join date: 1 Jul 2004
Posts: 6,734
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09-27-2005 21:11
Cool. I only have about $80 USD worth of Lindens, so I wasn't too worried. It's just good to know LL is on the case. What's WA? Welcome Area _____________________
YOUR MOM says, 'Come visit us at SC MKII http://secondcitizen.net '
Oh, Lecktor, you're terrible. Bikers have more fun than people ! |
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DogSpot Boxer
vortex thruster
Join date: 23 Aug 2005
Posts: 671
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09-27-2005 21:13
Doh!
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Dogspot Boxer
Charter Member Of The Socially Inept Club Our Motto: We may be inept, but at least we're social |
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Ulrika Zugzwang
Magnanimous in Victory
Join date: 10 Jun 2004
Posts: 6,382
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09-27-2005 21:24
We just talked with Philip at WA, they are going to kick in exchange system in time by GOM closure. No need to panic. ~Ulrika~ _____________________
Chik-chik-chika-ahh
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Aliasi Stonebender
Return of Catbread
Join date: 30 Jan 2005
Posts: 1,858
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09-27-2005 21:29
To clarify, they will both buy and sell L$? If I can't get from L$ to US$ it's of no use to me. Technically, LL will do neither. All they will do is integrate GOM-like functions into SL itself so you can more easily buy and sell from other residents, with LL as the intermediary. _____________________
Red Mary says, softly, “How a man grows aggressive when his enemy displays propriety. He thinks: I will use this good behavior to enforce my advantage over her. Is it any wonder people hold good behavior in such disregard?”
Anything Surplus Home to the "Nuke the Crap Out of..." series of games and other stuff |
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Snowcrash Hoffman
Digital mind virus
Join date: 30 Jan 2005
Posts: 282
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09-27-2005 21:30
To clarify, they will both buy and sell L$? If I can't get from L$ to US$ it's of no use to me. ~Ulrika~ Ulrika, Lindens will not buy or sell, they will simply create a system for players to sell or buy from each other, essentially like GOM. Lindens will process the real world transactions. |
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Ulrika Zugzwang
Magnanimous in Victory
Join date: 10 Jun 2004
Posts: 6,382
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09-27-2005 21:32
Ulrika, Lindens will not buy or sell, they will simply create a system for players to sell or buy from each other, essentially like GOM. Lindens will process the real world transactions. ~Ulrika~ _____________________
Chik-chik-chika-ahh
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Snowcrash Hoffman
Digital mind virus
Join date: 30 Jan 2005
Posts: 282
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09-27-2005 21:35
Got it. So LL is burying an axe in the back of GOM and duplicating their service. No need to panic then, eh? This has been discussed ad nauseum, I would really read thru all the arguments, read Philip's posts, think more before making a blanket statement as above. |
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Ulrika Zugzwang
Magnanimous in Victory
Join date: 10 Jun 2004
Posts: 6,382
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09-27-2005 21:37
This has been discussed ad nauseum, I would really read thru all the arguments, read Philip's posts, think more before making a blanket statement as above.  Is there somewhere I can go to get the nickel summary of the situation? ~Ulrika~ _____________________
Chik-chik-chika-ahh
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Snowcrash Hoffman
Digital mind virus
Join date: 30 Jan 2005
Posts: 282
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09-27-2005 21:39
Just wait until the morning when the rest of the world sees this. I'm the rational one. That I agree with you, you know your art well |
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Icon Serpentine
punk in drublic
Join date: 13 Nov 2003
Posts: 858
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09-27-2005 21:47
Hm.. all I have to say is, "damnit."
One less competitor -- I wonder if there'll be anyone else to take up the slack? _____________________
If you are awesome!
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Sherrianne Hailey
Registered User
Join date: 21 Apr 2005
Posts: 71
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09-27-2005 21:53
Got it. So LL is burying an axe in the back of GOM and duplicating their service. No need to panic then, eh? ~Ulrika~ It's always time to panic. OMG OMG OMG GOM IS FOLDING HELP HELP ... needs more exclamation marks OMG OMG OMG !!!!! GOM IS FOLDING !!!!! HELP !!!! HELP !!!!! SELL OUT NOW !!!!!!!!!!!!!! that's better |
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Ulrika Zugzwang
Magnanimous in Victory
Join date: 10 Jun 2004
Posts: 6,382
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09-27-2005 21:54
That I agree with you, you know your art well  _____________________
Chik-chik-chika-ahh
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Malachi Petunia
Gentle Miscreant
Join date: 21 Sep 2003
Posts: 3,414
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a note of thanks
09-27-2005 22:28
I just wanted to take a pause here and thank Jamie and Ricky for bringing something novel and valued to SL and for the amount of time, effort, aggravation and even their spirit invested into this endeavor. Prior to GOM's invited entry into SL the L$ was play money only valued in-game. It would be far kinder and even more generous to thank them for providing a service that was well regarded and highly used.
GOM could have chosen to walk away with all the deposits on hold and throw them in a vTrashcan, but they didn't. They could have taken the L$ on deposit and distributed them equally among any set of players they chose, but they didn't Anyone who thinks that GOM owes them anything at all should consider themselves fortunate that GOM is taking their leave as graciously and as upstandingly as they are. If you think that your want imposes an obligation on anyone to provide a service for you then kindly come wash my car for me because I want, nay demand, it. I think it only testment to just how valued your work has been that you are now being vilified by people who, with no basis at all, feel that you are depriving them of some "right". Had your efforts not been so highly valued, the hue and cry would be but a whimper. A highly regarded vehicle creator has recently chosen to cease production of his products because there are other things he wants to do. Why was there not a similar demand from the people who have enjoyed the fruits of his labors that he "owed" the continuence of his business to them? They weren't there. Oh but we're talking about money now, so that's different. I hope I'm not alone in offering GOM a hearty "thank you and may your future pursuits be pleasing". |
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Ulrika Zugzwang
Magnanimous in Victory
Join date: 10 Jun 2004
Posts: 6,382
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09-27-2005 22:32
I hope I'm not alone in offering GOM a hearty "thank you and may your future pursuits be pleasing". ~Ulrika~ _____________________
Chik-chik-chika-ahh
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Jonquille Noir
Lemon Fresh
Join date: 17 Jan 2004
Posts: 4,025
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09-27-2005 22:32
Very well said, Mal. I agree wholeheartedly.
I just wanted to take a pause here and thank Jamie and Ricky for bringing something novel and valued to SL and for the amount of time, effort, aggravation and even their spirit invested into this endeavor. Prior to GOM's invited entry into SL the L$ was play money only valued in-game. It would be far kinder and even more generous to thank them for providing a service that was well regarded and highly used. GOM could have chosen to walk away with all the deposits on hold and throw them in a vTrashcan, but they didn't. They could have taken the L$ on deposit and distributed them equally among any set of players they chose, but they didn't Anyone who thinks that GOM owes them anything at all should consider themselves fortunate that GOM is taking their leave as graciously and as upstandingly as they are. If you think that your want imposes an obligation on anyone to provide a service for you then kindly come wash my car for me because I want, nay demand, it. I think it only testment to just how valued your work has been that you are now being vilified by people who, with no basis at all, feel that you are depriving them of some "right". Had your efforts not been so highly valued, the hue and cry would be but a whimper. A highly regarded vehicle creator has recently chosen to cease production of his products because there are other things he wants to do. Why was there not a similar demand from the people who have enjoyed the fruits of his labors that he "owed" the continuence of his business to them? They weren't there. Oh but we're talking about money now, so that's different. I hope I'm not alone in offering GOM a hearty "thank you and may your future pursuits be pleasing". _____________________
Little Rebel Designs
Gallinas |
