Money Sink Ideas

I propose that I will make an Alt to store money to take it out of circulation. After 6 months, I will delete this alt (and the money) and make another.

All that you would need to do is send me money .. i will send half to the alt. The other half Ill keep as a processing fee.

I could literally take millions out of the Linden economy if people were so inclined.



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Some deflationary Ideas. I dont claim any are good ones - just brainstorming.

Linden lab's could I suppose change the system entirely buy buying and selling Linden's off of residents.
Sort of like tokens in an arcade. Then price controls would control money supply. (yeah i know would put GOM out of business =/)

Make it possible to "incorporate" with vastly Improved Group tools for business. Charge 1k $L for forming this group and 100 $L to hire people into it. Since many clamor SL needs this feature, may as well make it a money sync.

LL could sell (some) content - the money spent would be destroyed. Perhaps hire residents to create the content with tier reductions, or whatever.

Since dwell is so fundamental to club's operation - instead of paying out in L$, offer a similair amount in Teir discount for the month.

Charge for Inventory Space over 5k items, charge more for over 10k items, 15k , etc. Not enough that it wouldnt be worth having more, but enough to bleed a litle money fromt he economy.

I have a great idea for a sink for the L$. Renting land from LL!! They could charge on a day by day, or a week by week, then, when you need that big event with a lot of room, you don't have to tier up and find land, and spend a lot of money! How about L$4,000 per sim per day? That seems like a good way to do it.


Wait a minute... this is alreasy being done! http://secondlife.com/land/rental.php If you really want to help the economy by getting L$ out of the system, go rent a sim for a few weeks. Think of all the good you will be doing. Destroying money starts with you.

Ohhh, I like the idea of daily sim rentals.

-Ghoti

The government should compete with the open market in a huge sector like land rentals? Heh.

Because that's socialism / income redistribution...
and most people should be totally against that.

It punishes hard working people by taking their
income and rewards slackers living off stipends.

Many of the other sinks suggested by Eboni,
Lordfly, Enabran and others would provide
much more favorable results.

Gabrielle

You are assuming that SecondLife is a game, rather
than a second life.

Yes... some people are here having fun and living it up,
but I don't hear the Lindens pushing SL as a game.

Just like in first life... billions of people have fun and
liv it up every day... but most choose to work for an
income to support their entertainment time.

I view SL as another country... perhaps some tourist
paradise. I may work here in the U.S. for money to
pay my bills and then spend the extra on a fun trip
to the other country (SL).... or, I may choose to set
up a biz in that tourist area (SL) and earn my living.

I say "first life" rather than "real life" because I see
the the fun and income potential being REAL both here
in the US and here in SL. Wether EITHER of them "stink"
for you is based on what YOU do with them.

Gabrielle

You don't seem to realizie that virtually all L$ come from stipend.

The earlier proposal was to create an income tax which takes
money out of sellers pockets and use that to help pay stipends.

My post shows opposition for this on the grounds that it
punishes the hard working people contributing to the SL
world, and rewards the people sitting around doing nothing.

Gabrielle

The thread subject is how to control the money supply, which is out of control. Recycling the money has some merit as an alternative to the situation of out of control growth of the money supply.

As to those "sitting around doing nothing," they probably comprise almost the entire SL community. They are the the consumer market. Call it a game, chat, or the only life you have, but SL is still basically a form of entertainment. For most who produce a product or service in SL, any income they make is a byproduct of their entertainment. As employment, income made in SL doesn't approach what RL pays. I'm sure there are plenty in your "sitting around doing nothing" group who make $100+ per hour for all the time they wish to spend on their RL careers. Is there anything in SL that pays that kind of wage? No. Why would someone spend time trying to earn an income in SL if it reduces far greater income from the same effort in RL? So don't discount the "sitting around doing nothing" group. They probably have the most money.

I think a lot of people would pay to leave the main grid. Oh, sure, we could log out, but that's not my point.

My idea is that I wish we could rent space to work, play with sex balls, whatever... in complete secrecy. I would like to be able to rent a space (not a whole island either) that I could build stuff and no-one would know I was online and only people I invite can join me. I admit, I could start an alt for this but that alt doesn't have all of my textures and stuff. Anything I build with that alt will have the wrong creator tag. And where would said alt build? In the sandbox? I'm not a fan of the public sandbox. I'm kind of shy when I build stuff.

I know people want this service. Why else are there skyboxes? For building in peace and bumping prims in privacy.

I know I'd pay $5L per minute for a 512m area to work/do naughty things in private. I'd pay $10L per minute for a 1024m area and its prim allotment to build. How we would invite others to come join us in no-man's land... well, I'm not a techie, so someone else would have to work out how this would be possible. But if they can build a Teen Grid that we can't see & vice versa, why can they make little speakeasies for us? Especially if we could access our inventories too.

Sure, there are lots of holes in this idea. There may be no actual way to make this happen. But if LL offers us something we really want that we can't give ourselves to help us have more fun or make more stuff for other people to have fun... well it's their job to do that, isn't it? I'd happily pay!

Oh, and I like the lottery idea too. But I hate increasing upload fees. I remember being a newbie, saving for 2 weeks for a skin, then not having any $L to upload stuff for a whole week. Torture! To be in a creative "game" (for lack of a better word) and not be able to create! The HORROR!

Maybe LL can start offering some additional value add type services that are paid for with L$. Point to point teleports have already been suggested. Anyone have ideas for any others? I'd pay for better in world advertising. I'm drawing a blank on others but my point is that I'd definitely be willing to part with L$ for some sort of value in return.

I am slightly disabled and not able to work since I had my stroke the end of April this year, so money is tight and hard to come by here in my RL. My husband is the only one working and bringing home the bacon so to speak, which makes me feel really useless lately.

Being able to make money/lindens by selling my boxed furniture sets and my L$10 textures in SL gives me a new aspect on life. I know that sounds a little strange, but it's a sense of contributing to something even if it's only a game (a game that has turned into my only form of entertainment and communication since my stroke).

All this talk about L$'s is totally confusing to me...are they not only "play" money? Why is everyone so worried about them as if they were "real" money? I can understand being upset if someone 'buys' lindens from another source, but not when someone 'earns' them! It's not like this is a free game to play, there are fees involved of real money...shouldn't that take care of things?

I enjoy SL as it is and anything done to make it unpleasant to play is not okay with me...I like the dwell, it keeps my mind in tact with thinking of new ways to bring on the people! If I need a place to build I go to a sandbox, one that I visit frequently with no hassle and can build in peace. Or I just stay on the land that a few wonderful friends let me live on as I only have a basic account and can't own land of my own.

SL has become a big part of my RL and I am thankful to the Lindens for creating such a wonderful and challenging online world. So I ask, whatever you do to it please don't make it so people like myself are pushed aside with extra fees and taxes, RL already has too many of them to go around!

Love, Health & Happiness to all,
SeXXXy

Ahh the beauty of trickle down Reaganomics still thrives I see LOL

Tax the poor to death and feed the rich.

hmm Point to point TPS are a good idea for a fee based system (maybe weekly L$ charge?)

Imporved Security Systems - this seems to be a big issue for people.

Allowing For a MORE detailed description of your land with more Key Words and total words available for $150L a week instead of $30L.

Raise the price for partnerships - Um $10L ? could easily be $100L

Raise the price for divorce - !!!?? getting divorced for $25L - hehe what divorce lawyer will work for that! Make it $250.

Charge a small Weekly L$ ammount to play streaming audio - maybe $50L a week , and $100 a week for streaming video.

Charge people to Change their Home Position .. maybe $25L , perhaps only charge people more than 1 month old.

(Just more brainstorming - willing to admit some of these might be bad ideas)

Linden $$$ are very real to some people, and still play to others. If you view Lindens as play money, then that is fine for you, others view it as a source of RL income. You can buy and sell Lindens for USD and since that happen, Lindens became real to a lot of people. Currently and really for the past few months the Linden seems a little unstable. People are currently brainstorming ideas to make the Linden stable. That is benefitical to everyone. A stable Linden will keep content creators creating and will keep SL open and fun for all.

erm no. I just disagree with taxing those who spend hour upon hour creating cool things for Second Life and pay LL for premium and land tier, in order to 'fund' those who don't.

Good suggestions. I especially like the idea to charge for additional home locations.

I love the people who sit around doing nothing. I just wish that I could figure out how to get them to come sit around and do nothing at my place.....

But I also depend on earning and selling $L in order to afford the game. I don't want to see the value of $L fall. I'd have to sell most of my land if I couldn't sell Linden dollars for a decent price. At the same time, I wouldn't be able to sell them if I didn't get them!

I don't think that stipends are too high, but as long as it is so easy for people to go buy Lindens, the price will tend to slip downward. What we need to do is to increase the demand for Lindens so that the supply is reduced. I can't see Linden Labs taking tier payments in Lindens, though, and I know that they want the cash that they get for land sales, naturally. I gess what we are looking for here is the new killer product--another Tiny Critter type fad, only one that goes on and on.


As for current Linden sinks, well Bingtress is a first-rate one....

There are plenty of money sinks in the game already. This LL$ panic, land panic, economy panic, is all hogwash. Everything is fine, go about your business.

You want to get rid of your LL$'s send them to me.

To that I gotta say 'whoa there'. People already think our avatars are 'insanely expensive' at L$900. At that rate it'd cost L$8000-L$15000 just to texture the damn things, that is, if every one lined up right at the first try. I could easily see an avatar costing L$25,000 to texture during its development at those rates... That's a cool US $100, or about 30 avatars in sales to just break even. If something to -that- magnitude were to happen, SOME sort of pre-alignment tool would have to exist, not just a dead preview.

That'd hurt, *badly*, and pretty much put us in the negative. See, it seems that everyone suggests for a money sink - "Charge for what I dont use!" ... Changes all over are going to have an impact. What may be one person's "no big deal" can make an entire model completely non-viable.

Is this even because of lack of sinks, or is because there's an emotional market and day trading going on?

I was thinking that a way to encourage events with a pay to attend rather than a be paid to attend mentalility would be to start a matching funds program with LL matching ticket sales. This would give incentive to event owners to create quality events/places which people value enough to pay for. It might be a small amount initially as the collective mindset is not easily altered, but it would be a start. Throwing a good event is work and those that do a nice job of it deserve to be acknowledged for it. Dwell does little to offset the tier being paid for land and their isn't much incentive in this game to create cool places or pay for the services of event planners & hosts.

I think that since Land is no longer auctioned for Lindens$ that LL should take a percentage of US$ on all land auctions in US$ and apply it to the buy side of GOM each month to take money out of the economy and to help balance it. I say GOM because this seems to be where the trend is set. I know this sounds a bit off the wall but it sounded like a fair and equitable way to pull money out of the economy.

I know that LL does not get involved in the market but they do have some control over it. This way it would not be affecting a specific target group such as land owners, content creators etc. It more or less is finding a generic source to remove the money from.

just my 3 cents worth.

Yeah, point to point is a good idea..

Good ideas, but maybe not on the streaming.