Who's the idiot...

In many instances, CC charges are no different to pre-Lindex. In my situation (and probably yours too Adam?), LL doesn't have to charge my credit card very often, as the L$ pays for tier. There are more CC Fees because of the L$ purchases, but less because of decreased tier payments.

Well as a seller we shouldnt be hit by this -- it should be paid by the buyers who incur the fee, but the current payment schedule puts it on the sellers, not the buyers.

buy orders dramatically downturn the market by giving sellers *DIRECT* incentive to sell to lower and lower payers (and a single large sale like anshe's weekly 3 million could set the market back not 5 linden per dollar but 50 or 100, each time

actually this is exactly the market trend ginko is betting on as their last gasp. If the market continues to inflate, you loose money even *AS* they pay you interest... the problem is this amount of volitility can end up with people pulling out to sell off, which could easily lead to their coffers running dry, a-la S&L scandal of the mid 80's

who's the idiot....

well lets follow the money shall we. Who benifits from the linden dollar lossing value???

1) Buyers of Linden dollars.

They benifit because they can get more lindens for their US dollars, and with prices in SL remaining reletively constant, can therefore buy more "stuff" in SL. But by definition, if they are buying lindens, they aren't the ones selling them.

2) (wait for it) BANKS

Yes, banks, who have promissed 36% returns on investments. Their only hope of living up to that rate of return is if the Linden drops in value by that percentage as well. Who cares if someone made 36,000 lindens on their 100,000 invested, if 136,000 lindens is now worth less than the original 100,000?

And who has gobs of money with which to tamper with the so called "free market?" BANKERS.

And for that person who said you would need 10-20M lindens to do it, I think we have seen in the last couple days that that isn't entirely true. You just have to make a *little* bit of a panic and suddenly everyone is clammoring to sell their lindens before they become worthless.

So I wonder if LL can check to see if maybe their is a person with a large balance consistently setting their money for sale a few points higher then everyone else, and maybe not even waiting for it to sell, before taking it out and setting it for sale at a higher price, and then taking it out and setting it for sale at a higher price... and then etc. etc.


(just my paranoid 2 cents)

Their last gasp?

This proves a few statements I made recently.

A) sell your Lindens as you make them. Simply put, for more reasons than I think you have the attention span for, Lindens are not an investment you want to make.

B) raise prices as needed to reflect your hourly rate in your local currency

C) nobody that doesn't use the exchange to sell on a regular basis has a clue how to use it. Buyers will pay anything, sellers will sell for anything.

D) (I haven't said this before) I don't think LL or their backers has the best interests of thier current round of developers in mind for their future plans. I think that it will become corporate as quickly as they can get the interest of corporations.

My guess would be not an idiot at all. Prolly some guy who is mad at the way Linden Lab is messing up the economy and decided to make a point.

I should say perhaps, their last real hope of sustainability. If the market landed at 250 tomorrow, ginko would probably go bust. The only way they can afford to pay 'high' interest is by pushing 'high' inflation equal to or greater than the interest they are giving out (which i think is what like 60% a year or something ridiculous?)

then you'll hate me I have to liquidate my SL pretend assets for real money I ll most likely sell 1$ per 100 lds and abandon my land cant wait for and order to post. sorry to wreck you game status

Someone needs to hols an educational event on market trading and how to do it maybe?