Second Life Forums Archive - Back to 296/1

Jonas Pierterson

Dark Harlequin

Join date: 27 Dec 2005

Posts: 3,660

07-11-2006 05:58

From: Eloise Pasteur

Saying it's a weakening is as incomplete and silly as most of what Jamie, RDB etc. say Jonas. If something's weakening against something, the other is strengthening against it, at least in exchange markets.

The US$ is weakening against the L$, sure. But you can't simply say that it's a weakening. From your perspective it's a weakening, or it's a weakening of the US$ against the L$. For those of us that use L$ to pay our tier and/or make a profit it's a strengthening of the L$ against the US$.

New players will buy or not as they choose. They might wish it were back to the days of 330 if they've been here long enough, but I wouldn't put L$0.01 on that - one of the great enigimas to my mind of SL is the lack of history. Take the upgrades from 1.4 to 1.5... some of us remember that and shudder. Some say it was worse for 1.1 to 1.2, but a big chunk of residents don't remember the change from 1.9 to 1.10 and still have their first big upgrade to come... Pulling out data that "Oh it was better a month ago" doesn't matter to most of them, they deal with what's there now and make their choices that way. Just how much do you think it will put them off, they're still getting a pretty good return on their US$10 or whatever they put in after all.

True, but I still see it as weakening and will not be purchasing my normal extra lindens I would each month. Its not worth the cash anymore.

_____________________

Good freebies here and here

I must protest. I am not a merry man! - Warf, ST: TNG, episode: Qpid

You killed my father. Prepare to die. - Inigo Montoya, The Princess Bride

You killed My father. Your a-- is mine! - Hellboy

mcgeeb Gupte

Jolie Femme @}-,-'-,---

Join date: 17 Sep 2005

Posts: 1,152

07-11-2006 06:22

From: Jonas Pierterson

True, but I still see it as weakening and will not be purchasing my normal extra lindens I would each month. Its not worth the cash anymore.

Oh for crying out loud!!!!!!

Going from 330/1 to 300/1 means the Linden strengthened, end of discussion. Good night.

Jonas Pierterson

Dark Harlequin

Join date: 27 Dec 2005

Posts: 3,660

07-11-2006 06:27

It weakened, end of discussion. Sleep better than your arguments.

_____________________

Good freebies here and here

I must protest. I am not a merry man! - Warf, ST: TNG, episode: Qpid

You killed my father. Prepare to die. - Inigo Montoya, The Princess Bride

You killed My father. Your a-- is mine! - Hellboy

Nowun Till

Anarchy in the UK Limited

Join date: 4 May 2006

Posts: 227

07-11-2006 06:52

Reminds me of

The Emperor’s New Suit by Hans Christian Andersen

Hair Akebono

Registered User

Join date: 10 May 2004

Posts: 135

07-11-2006 07:45

I would say its strengthened, I think if someone said to me that the L$ has weakened I would immediately think that I can buy more L$ for my US$, eg its gone from 300/1 to 400/1.

The strengthening of the L$ could potentially mean a weakening in demand for it, which judging by Jonas' comments is where he is coming from.

Maximillion Grant

Registered User

Join date: 29 Jul 2005

Posts: 172

07-11-2006 08:13

From: Jonas Pierterson

True, but I still see it as weakening and will not be purchasing my normal extra lindens I would each month. Its not worth the cash anymore.

Jonas, it's not a matter of perspective in this case at all, it's just fact. When 1 Linden is worth more USD today than yesterday, it has strengthened in value, irregardless of how that affects anyone's financial situation or buying power. What you are seeing is your USD being worth LESS in compared to the Linden ($1 USD buys less Lindens) which for you might be a bad thing, but it doesn't change the fact that the Linden dollar has strengthed in relation to the USD.

I understand you see it as a bad situation, but that doesn't change the facts.

Jonas Pierterson

Dark Harlequin

Join date: 27 Dec 2005

Posts: 3,660

07-11-2006 10:15

it is fact theres a weakening, from either end

my money is worth less lindens, below the point I would buy them

_____________________

Good freebies here and here

I must protest. I am not a merry man! - Warf, ST: TNG, episode: Qpid

You killed my father. Prepare to die. - Inigo Montoya, The Princess Bride

You killed My father. Your a-- is mine! - Hellboy

Jon Rolland

Registered User

Join date: 3 Oct 2005

Posts: 705

07-11-2006 11:52

From: Jonas Pierterson

it is fact theres a weakening, from either end

my money is worth less lindens, below the point I would buy them

So it's the USD weakening against the Linden NOT the Linden weakening. Are you ignorant or griefing? Because your sure not thinking.

Cannae Brentano

NeoTermite

Join date: 21 Apr 2006

Posts: 368

07-11-2006 12:08

So you are saying that if you get more lindens per dollar, the linden is weakening, and if you get less lindens per dollar, the linden is weakening too.

On the off chance this really is causing confusion, the term weakening and strengthening are simply terms to show whether one currency is buying more or less of another currency, it has nothing to do with describing the economy which is also described in terms of weak and strong.

Very often, a weakening currency is a sign of a stronger economy. But too weak a currency will weaken an economy, while a strong currency will often weaken an economy, especially if the strengthening takes place over weeks. Now who is on first, but what'ss on second remains a mystery.

Dmitri Polonsky

Registered User

Join date: 26 Aug 2005

Posts: 562

07-11-2006 13:30

From: Jon Rolland

I see you are incapable of either reading or comprehension. I'm well aware that from your point of view the current movement of the linden is bad. What your amazingly ignorant of is point of view is irrelevant to the fact the linden is gaining value. I'm sure you wouldn't argue Apples are losing value if you went to the store and found they cost more, why do it to the Linden?

You're not seeing the big picture Jon. The slump in sales is exactly what I predicted would occur and it has...badly. And les sales of in world content equals les content creation adn les ppl wnating land for shops to either buy or rent. Only a mater of time now til real estate is no longer a viable market. The obvious answer is resintate the stipend that Linden removed and also require that all employers in SL pay a minimum wage./commission. If ppl do NOT have the money to spend they do not spend it and the whole thing snowballs. You all screamed recession/depression when the L value was falling but now you got it in spades.

Maximillion Grant

Registered User

Join date: 29 Jul 2005

Posts: 172

07-11-2006 16:06

From: Dmitri Polonsky

You're not seeing the big picture Jon. The slump in sales is exactly what I predicted would occur and it has...badly. And les sales of in world content equals les content creation adn les ppl wnating land for shops to either buy or rent. Only a mater of time now til real estate is no longer a viable market. The obvious answer is resintate the stipend that Linden removed and also require that all employers in SL pay a minimum wage./commission. If ppl do NOT have the money to spend they do not spend it and the whole thing snowballs. You all screamed recession/depression when the L value was falling but now you got it in spades.

I've noticed no change in sales since the Linden went to 296-300 and most of my items are pretty big ticket.

Cheyenne Marquez

Registered User

Join date: 19 Sep 2005

Posts: 940

07-11-2006 17:45

From: Dmitri Polonsky

You're not seeing the big picture Jon. The slump in sales is exactly what I predicted would occur and it has...badly. And les sales of in world content equals les content creation adn les ppl wnating land for shops to either buy or rent. Only a mater of time now til real estate is no longer a viable market. The obvious answer is resintate the stipend that Linden removed and also require that all employers in SL pay a minimum wage./commission. If ppl do NOT have the money to spend they do not spend it and the whole thing snowballs. You all screamed recession/depression when the L value was falling but now you got it in spades.

How soon you forget the exchange rate was in the area of L$250/1USD for a lengthy period of time before it started spiraling slowly downward. And it was below L$290/1USD for a reasonably lengthy period of time before finally crashing to the L$340+/1USD pits for a short period of time.

The sky wasn't falling then, was it?

But even more to the point, If the SL economy has to depend on welfare to keep it going, then we all might as well pack up our bags and go home because it would be a flawed and doomed economy to begin with.

mcgeeb Gupte

Jolie Femme @}-,-'-,---

Join date: 17 Sep 2005

Posts: 1,152

07-11-2006 21:04

From: Maximillion Grant

I've noticed no change in sales since the Linden went to 296-300 and most of my items are pretty big ticket.

No change here. It was a bit better during the 1st week of July due to it being a Holiday weekend for many. Also when "Flex" came out, big spending occured also. Numbers on Lindex volume are really high too.

Back to 296/1
Jonas Pierterson Dark Harlequin Join date: 27 Dec 2005 Posts: 3,660	07-11-2006 05:58 From: Eloise Pasteur Saying it's a weakening is as incomplete and silly as most of what Jamie, RDB etc. say Jonas. If something's weakening against something, the other is strengthening against it, at least in exchange markets. The US$ is weakening against the L$, sure. But you can't simply say that it's a weakening. From your perspective it's a weakening, or it's a weakening of the US$ against the L$. For those of us that use L$ to pay our tier and/or make a profit it's a strengthening of the L$ against the US$. New players will buy or not as they choose. They might wish it were back to the days of 330 if they've been here long enough, but I wouldn't put L$0.01 on that - one of the great enigimas to my mind of SL is the lack of history. Take the upgrades from 1.4 to 1.5... some of us remember that and shudder. Some say it was worse for 1.1 to 1.2, but a big chunk of residents don't remember the change from 1.9 to 1.10 and still have their first big upgrade to come... Pulling out data that "Oh it was better a month ago" doesn't matter to most of them, they deal with what's there now and make their choices that way. Just how much do you think it will put them off, they're still getting a pretty good return on their US$10 or whatever they put in after all. True, but I still see it as weakening and will not be purchasing my normal extra lindens I would each month. Its not worth the cash anymore. _____________________ Good freebies here and here I must protest. I am not a merry man! - Warf, ST: TNG, episode: Qpid You killed my father. Prepare to die. - Inigo Montoya, The Princess Bride You killed My father. Your a-- is mine! - Hellboy
mcgeeb Gupte Jolie Femme @}-,-'-,--- Join date: 17 Sep 2005 Posts: 1,152	07-11-2006 06:22 From: Jonas Pierterson True, but I still see it as weakening and will not be purchasing my normal extra lindens I would each month. Its not worth the cash anymore. Oh for crying out loud!!!!!! Going from 330/1 to 300/1 means the Linden strengthened, end of discussion. Good night.
Jonas Pierterson Dark Harlequin Join date: 27 Dec 2005 Posts: 3,660	07-11-2006 06:27 It weakened, end of discussion. Sleep better than your arguments. _____________________ Good freebies here and here I must protest. I am not a merry man! - Warf, ST: TNG, episode: Qpid You killed my father. Prepare to die. - Inigo Montoya, The Princess Bride You killed My father. Your a-- is mine! - Hellboy
Nowun Till Anarchy in the UK Limited Join date: 4 May 2006 Posts: 227	07-11-2006 06:52 Reminds me of The Emperor’s New Suit by Hans Christian Andersen
Hair Akebono Registered User Join date: 10 May 2004 Posts: 135	07-11-2006 07:45 I would say its strengthened, I think if someone said to me that the L$ has weakened I would immediately think that I can buy more L$ for my US$, eg its gone from 300/1 to 400/1. The strengthening of the L$ could potentially mean a weakening in demand for it, which judging by Jonas' comments is where he is coming from.
Maximillion Grant Registered User Join date: 29 Jul 2005 Posts: 172	07-11-2006 08:13 From: Jonas Pierterson True, but I still see it as weakening and will not be purchasing my normal extra lindens I would each month. Its not worth the cash anymore. Jonas, it's not a matter of perspective in this case at all, it's just fact. When 1 Linden is worth more USD today than yesterday, it has strengthened in value, irregardless of how that affects anyone's financial situation or buying power. What you are seeing is your USD being worth LESS in compared to the Linden ($1 USD buys less Lindens) which for you might be a bad thing, but it doesn't change the fact that the Linden dollar has strengthed in relation to the USD. I understand you see it as a bad situation, but that doesn't change the facts.
Jonas Pierterson Dark Harlequin Join date: 27 Dec 2005 Posts: 3,660	07-11-2006 10:15 it is fact theres a weakening, from either end my money is worth less lindens, below the point I would buy them _____________________ Good freebies here and here I must protest. I am not a merry man! - Warf, ST: TNG, episode: Qpid You killed my father. Prepare to die. - Inigo Montoya, The Princess Bride You killed My father. Your a-- is mine! - Hellboy
Jon Rolland Registered User Join date: 3 Oct 2005 Posts: 705	07-11-2006 11:52 From: Jonas Pierterson it is fact theres a weakening, from either end my money is worth less lindens, below the point I would buy them So it's the USD weakening against the Linden NOT the Linden weakening. Are you ignorant or griefing? Because your sure not thinking.
Cannae Brentano NeoTermite Join date: 21 Apr 2006 Posts: 368	07-11-2006 12:08 So you are saying that if you get more lindens per dollar, the linden is weakening, and if you get less lindens per dollar, the linden is weakening too. On the off chance this really is causing confusion, the term weakening and strengthening are simply terms to show whether one currency is buying more or less of another currency, it has nothing to do with describing the economy which is also described in terms of weak and strong. Very often, a weakening currency is a sign of a stronger economy. But too weak a currency will weaken an economy, while a strong currency will often weaken an economy, especially if the strengthening takes place over weeks. Now who is on first, but what'ss on second remains a mystery.
Dmitri Polonsky Registered User Join date: 26 Aug 2005 Posts: 562	07-11-2006 13:30 From: Jon Rolland I see you are incapable of either reading or comprehension. I'm well aware that from your point of view the current movement of the linden is bad. What your amazingly ignorant of is point of view is irrelevant to the fact the linden is gaining value. I'm sure you wouldn't argue Apples are losing value if you went to the store and found they cost more, why do it to the Linden? You're not seeing the big picture Jon. The slump in sales is exactly what I predicted would occur and it has...badly. And les sales of in world content equals les content creation adn les ppl wnating land for shops to either buy or rent. Only a mater of time now til real estate is no longer a viable market. The obvious answer is resintate the stipend that Linden removed and also require that all employers in SL pay a minimum wage./commission. If ppl do NOT have the money to spend they do not spend it and the whole thing snowballs. You all screamed recession/depression when the L value was falling but now you got it in spades.
Maximillion Grant Registered User Join date: 29 Jul 2005 Posts: 172	07-11-2006 16:06 From: Dmitri Polonsky You're not seeing the big picture Jon. The slump in sales is exactly what I predicted would occur and it has...badly. And les sales of in world content equals les content creation adn les ppl wnating land for shops to either buy or rent. Only a mater of time now til real estate is no longer a viable market. The obvious answer is resintate the stipend that Linden removed and also require that all employers in SL pay a minimum wage./commission. If ppl do NOT have the money to spend they do not spend it and the whole thing snowballs. You all screamed recession/depression when the L value was falling but now you got it in spades. I've noticed no change in sales since the Linden went to 296-300 and most of my items are pretty big ticket.
Cheyenne Marquez Registered User Join date: 19 Sep 2005 Posts: 940	07-11-2006 17:45 From: Dmitri Polonsky You're not seeing the big picture Jon. The slump in sales is exactly what I predicted would occur and it has...badly. And les sales of in world content equals les content creation adn les ppl wnating land for shops to either buy or rent. Only a mater of time now til real estate is no longer a viable market. The obvious answer is resintate the stipend that Linden removed and also require that all employers in SL pay a minimum wage./commission. If ppl do NOT have the money to spend they do not spend it and the whole thing snowballs. You all screamed recession/depression when the L value was falling but now you got it in spades. How soon you forget the exchange rate was in the area of L$250/1USD for a lengthy period of time before it started spiraling slowly downward. And it was below L$290/1USD for a reasonably lengthy period of time before finally crashing to the L$340+/1USD pits for a short period of time. The sky wasn't falling then, was it? But even more to the point, If the SL economy has to depend on welfare to keep it going, then we all might as well pack up our bags and go home because it would be a flawed and doomed economy to begin with.
mcgeeb Gupte Jolie Femme @}-,-'-,--- Join date: 17 Sep 2005 Posts: 1,152	07-11-2006 21:04 From: Maximillion Grant I've noticed no change in sales since the Linden went to 296-300 and most of my items are pretty big ticket. No change here. It was a bit better during the 1st week of July due to it being a Holiday weekend for many. Also when "Flex" came out, big spending occured also. Numbers on Lindex volume are really high too.

Welcome to the Second Life Forums Archive

Back to 296/1