I don't get it...

what part exactly of my post was false?
You're just mad because Lindex took over GOM and ever since then you have been trying to prove the sky is falling...

The part where you said the Anshe selling $50k at the end of March being the direct cause of the exchange rate being where it is. That statement is demonstrably untrue. As I stated before, the exchange rate has been steadily declining for months and was well on its way toward the current level before the sudden injection of the $50k. If you don't like what I'm saying, argue against my position instead of against me personally.

And, for the record, I thing "the sky is falling" is one of the stupidest, most annoying, and most overused phrases bandied about in these forums. Every time I see it, I just have to shake my head.

Umm Ricky, you totally reworded mypost, I never said directly the cause of anything I siad it has a big effect on the market, and it does!

O btw, the sky is not falling!

It may not have had a direct affect on the rate, but it sure didn't helped out.

Exactly... and I never said the direct cause, I am not sure what Ricky is reading, but he wasnt responding to a quote I made...

Am I misinterpreting your statement?

Also when a person puts up 2 or 3,000,000 million Lindens on one block, it will sit forever and everything else will sell under it without the 3 million ever being touched. This creates a block and can be used to manipulate the market easily. If someone wanted to, they could easily move the 3 million Lindens up at 300 and then everything will then start selling from 301 to 305, etc. I really wonder why anyone thinks that their amounts 2 million or more will sell anytime soon if they put them in such a large block like that.
I know it may be more than a single person, but there is still no sense at all to making a block that high. It just won't be touched EVER.

Actually, Anshe dollars are about the only way to stabilize the Linden dollar under the circumstances, because then Anshe would be selling fewer Lindens.

Anytime the economy is out of whack because a few are rich and most are poor you are going to have this kind of trouble with the currency.

The block doesn't have to sell as one unit. Partial sales are allowed, so the 3 million will just sell in say 20,000 linden units.

Thank you for writing this. I get tired of repeating it.

All of these people talking about there is nothing to buy in-world, totally and perhaps self-servingly, overlook the fact that someone is buying anywhere from six million to ten million worth of linden per day to "spend it on" in SL.

That is anywhere from six to ten times more than was bought on the lindex a mere six months ago. GOM, which was the only other major market for the linden prior to the Lindex, only reached an average daily volume of two million per day. And much of that was day trading activity.

Emphasized on the OP's post is the fact the GDP is way up, yet a couple of post later several posts respond by saying there is nothing to spend linden on in SL. *sigh*

It would be nice to know where these people get the notion that there isn't anything to "spend it on." Maybe they would be so kind as to disperse their wisdom on the rest of us and let us know what they think people are doing with the six to ten million lindens they are buying from the lindex on a daily basis?

I don't think you were, but why should someone pass up an opportunity for a baseless ad hominem attack?

So what caused the jumps in April 05 and Nov 05? any theories?

By the way, I think the log in problems and so on have as much to do with the value of Linden dollars as anything else.

I'm willing to bet that the telehub buy-back caused some damage.

Some like to point out that comparatively speaking, the offer represented a small amount of linden being dumped into the economy.

I say, it doesn't take much to have the LindeX take a dive.

And a sudden rush of linden being dumped on the LindeX for a steady 2 to 3 week period can certainly do it.

The "jumps" appear very large given the way I scaled the graph, the largest jump shown month to month is only 7%. Given how coarse grained the data are and how varied their sources, there isn't much more that can be said about any particular point on the chart or its significance.

Yes you did, you said a DIRECT CAUSE, a big effect and a direct cause are two totally different things.

The funniest and most insightful comment I think I've seen in the Forums for days. =)

(Naturally, a significant imbalance in prices between exchanges would result in players buying from one and selling to the other until they balanced out or lost buyers/sellers, but it's still funny.)

--

That isn't true. The amount of Linden Dollars purchased daily
and what it is spent on (if anything) do not walk hand and hand.

Somebody could be buying a Million Linden Dollars to gobble up
a chunk of land. Not purchasing any content, but loading up on land
to start renting it out. They could be paying workers, scripters, etc
for services rendered in L$. They could be stockpiling currency
like IGE for sale resell at higher prices in other markets.

The daily volume of L$ bought on LindenX doesn't translate to
and equal amount pumped into widgets in-game.

this might be a handy way to manipulate or force political decisions, perhaps. (or provide justification for them.)

Please read my post again and point out to me where I meantioned anything about what those linden are being spent on, and whether they walk in hand or not.

The above posters matter of factly stated that "The value of the linden was going down because there isn't really anything to spend it on." I simply countered that linden are being purchased from the LindeX and spent ... in record numbers.

Merely that and nothing more.



Again, linden are being bought from the LindeX at the rate of six to ten million linden per day. Because they are linden, those six to ten million linden are more than likely being spent in-world. No one knows for sure what they're being spent on. But they ARE being spent, aren't they?

To claim that there's nothing in SL to spend linden on is patently false!

Even if they were just "gobbling up million Linden Dollar chunks of land" to start renting it out. Or "paying workers, scripters, etc for services rendered in L$." Or even "stockpiling currency like IGE for sale resell at higher prices in other markets" ...

... is it your contention that this is all that has been going on in SL every day, seven days a week, four weeks each month, for every single month for seven months straight?

No, of course not.

Because realistically, if one really wanted to be honest in this issue, one would have to concede that these millions of purchased linden are being spent on a combination of all of the above.

But in the end it matters not.

Would you like to know why?

Because it is all being spent in SL, and part of the SL economic machine.

So, I now thank you for wasting my time.

I agree - partially - with both sentiments. I find RBD's a refreshing reality check - he's a classic FUGmonger IMO, any time I find myself agreeing with anything he says it's time to check I'm still in touch with what passes for reality here.

That said I still read his posts - they're good for making me think, even if what I think is "but you're willfully ignoring x, y, z" and in this forum at least there's a lot of conjecture, I don't believe I'm always right, seeing another point of view is always a useful thing, sometimes it highlights my own mistakes, often if merely makes me think critically about what I was thinking anyway - so I can check it makes sense to me.

I'm sorry but I find RBD's posts disgusting. His name calling and putting SL down all of the time really make me sick. He very rarely offers any good info. Anyone can say there is an issue with the value of the Linden, but he doesn't stick to just that. He goes way beyond what he needs to say and puts people down if he doesn't like their opinion.

I think Lordfly Digeridoo hit the nail on the head.

I have $100K in my account and nothing I want to buy.

I like SL, I am not interested in land.

I'm not selling $Linden at the moment, but if there are too many people like me then we have a problem.

Why? What problem? I don't see one.

You say you have L$100,000. I have no reason to doubt that... but why not spread the wealth? Go fill up a few money trees and tip jars. Go to events and tip the owners or musicians. Make a donation to the FFRC. Search out some newbies and buy something from them even if you don't need it. Hang around the welcome area and talk to people, give them L$500 if they seem nice.

Even with my limited means, I do what I can to encourage others who provide content and/or entertainment that I enjoy. I'm sure someone with all your money can spread a few thousand around without even noticing it.... and the warm feeling will be much more rewarding than sitting here complaining that you have so much money and nothing to do.

The economy problem is not that there is too much money... the problem is that the majority of it is concentrated in a small amount of people.

Lewis

Imagine a world where everybody agreed and never
questioned anything. They just blindly accepted whatever
was handed to them.

Makes for a great Totalitarian Society.

Lets not forget 1 FACT. Linden Labs has a 'motive' to
skew perception in their favor. Because of that fact, their
actions should be questioned and weighted against their
motives to increase profits and benefit their investors in RL.
They don't work for you, they work for Jeff Bezos, Mitch Kapoor,
Benchmark Capital, Catamount Ventures, etc...



28 March, 2006 -

Linden Lab®, creator of the acclaimed 3D digital world, Second Life®, announced today it has completed a successful financing round of $11mm led by Globespan Capital Partners and with participation by Jeff Bezos. Current investors Benchmark Capital, Catamount Ventures, software pioneer Mitch Kapor, and the Omidyar Network also participated in the round.

Lets not forget that he posts baseless data, outright lies 'I have inside info,' and is a troll. The last part he can't even abuse report me on because of this, a comment by a resmod speaking of RBD: