Payday and Up Another L$12/million

Damn.... Somebody can comprehend my message.. Brookston,
you are a rare breed. Because the dim wits that plague SL seem to
think printing more linden dollars every week is their path to serendipity.

Glad to know we have some educated people around here....

Why do people think that Dwell is going to fix the problem?
Dwell makes up 8% of the total amount of New Linden Dollars
created every month. Whereas 84% came from Stipends...

Anybody can see clear as day, the solution to the problem is
curtailing the stipends. Dwell is meaningless...

Then perhaps they should stop undercutting eachother? Hmm?

Not the stipends to blame for that.

You amaze me with your thought process... I swear, you must
be one of the people who dances on burning cars at Anti-World Bank
and WTO rallies.

Ah ha.. I found you Jonas... The camera caught you throwing rocks.
Did you remember to sign it and say, "I Paid for my Stipends"? hhahaha

In case nobody was keeping tabs on the value
of all Linden Dollars in Circulation, here is the report.


L$/US$ Exchange Rate: L$313
Linden Dollars in Float: L$671,987,815
US$ Valuation: US$ 2,146,867/million dollars


Maybe its time to pull a Gould and Fisk on the Linden Dollar.. '

Didn't say Dwell would fix the problem. I said it might help. Any reduction in the money supply is a step in the right direction. Increasing other fees will help also. The basic membership stipend will probably go too. What worries me is the effect that would have on the economy.

Agree. Undercutting is the problem.

RBD will never understand what effect cutting all stipends would do. We need to be careful to keep the amount of L per player steady. Cutting stipends would also cause many players to leave because that is what they live on in second life. They pay for those each month when they pay there bill.
Anyone who watched the Lindex should know by now there is undercutting going on everyday. One of the other issues is when amounts at certain values gets to be 1 or 2 million Lindens. It is very rare for the Lindex to sit on these amounts for more than half an hour. So don't bother selling at 310 to 1 dollar when there are 2 million Lindens there. As soon as 311 to 1 is done selling, the next person will come along and put some more at 311 to 1 because they aren't going to wait. I really get bothered when someone puts up so much like that. Do they realize its not going to sell. What's the rush to sell 1 or 2 million Lindens so fast. Spread it out and don't cause such a panic. If you are making that many Lindens or dealing with that many, you should be able to understand that spreading that out over a few days would work wonders and sell the Lindens you need faster. At least that is what I would do.
Oh and by the way, I'll be hanging on to my Lindens for the next couple of months. I think it will go back down below 300 in a few months after dwell is done completely and a long recovery in process. And the thing with Linden Labs selling on the Lindex, maybe that will only be done if it gets really bad for the buyer's side, what 200 to 1 hopefully. Wish they would tell us in more detail.

If people get a stipend then tehy have no need for a bank service in SL

thus thread creator campaigns to remove stipend to strengthen his weak bank idea.

people spend their stipend on what they want to spend it on.

anyone can create anything and thus creates competition keeping prices attractive.

if people want something expensive they currently either wait weeks and weeks and save up their stipend or they buy more L$ they will never goto a virtual bank and get a loan.

so please with cream and cherry on top take your greedy bank idea and shove it where the sun dont shine.

long live the stipend!!!!

They are backed by the US dollar anyway because the membership fees more than cover the stipends. The tier money and membership money is not included in the data chart only the expense of the stipends. So with half of the transaction missing, the results look as if there is a loss.

Remarks like this make it obvious why the Linden Dollar
keeps falling... SL seems to be the mecca for the economically
challenged. A world where printing unlimited amounts of money
don't equal inflation in people's minds.

No, it's a world where people have a vested interest in it not becoming like the real life economy - and effectively the real-life economy of a smaller-area country, because of SL's lack of in-world localities. You know, the real-life economy where 90% of start-ups fail, often bankrupting their owners in the process, and every mall has the same shops?

I haven't read though all of the posts about the Lindex to see if anyone has thought of this. Why not have the Lindex close for a bit each week or every two weeks. Wipe it clean of all orders (cancel them) and lets start over. It seems like once we keep spiraling down we can't stop it. So lets start out each week with a fresh start. I don't know, might cause more problems than what we got already, but worth a try?

You can't escape real life, even in Second Life.
Accept Globalization.. Globalize Yourself..

NewsFlash:

LindenX isn't the problem. Sellers Aren't the Problem..
The problem is the "Economic Policies" which have created
the enviorment to make it more beneficial to Sell Linden Dollars
then Buy Them... Attempting to control a free market isn't the solution.

Doubt it would stop the undercutting (the REAL problem here, not stipends) to be honest. But worth a shot.

Jonas:

You call it "Undercutting", I call it "Pricing To Sell".
Sure, I could sell a L$1/million Linden Dollars for
L$250 or L$300, but it won't sell. The Market
says they are only willing to pay L$310-L$315 for Linden
Dollars.

So if I don't obey "The Market" my order won't get executed.

No, "The Market" doesn't say it won't sell, it just says it won't sell right away.

So how long do the people trying to sell at L$250 have to wait?

You are right, it might not sell, "if ever", if you don't post your blocks
forsale @ the market.

I do not see why the only solution to a problem that effects a few should be solved by taking away (stipends) from many who do not have the problem.

The people that are interested in finding a second life not bounded by dollars, add very much to the community that makes it possible for the Linden Dollar to exist. If SL only has 5 or 6 residents, then where is the Linden Dollar?

Its the "few" who actually pay Linden Labs and keep them in business.
How much of LL's income comes from Anshe and others like her? Believe me,
its more than the few nickels you pay for SL..


So if the "few" aren't making money, they'll stop paying. And when they
stop paying, the many will be impacted when your login says,
"Bankrupt - Closed Until Further Notice"

I think you are the problem. I am not sure where you get your Lindens or where you sell them. In the real world trading money outside of official channels is called the black market and is illegal. I am not saying that you are doing anything illegal but it could be possible. I would need all of the facts to make a determination.

Linden Labs needs to check all of the resident’s records for black market activity. Perhaps the government of the United States needs to get involved since they are the host country for Second Life. This activity can lead to the downfall of Second Life, as we know it.

I dislike people that are willing to hurt or destroy a firm just to make a quick profit.

The majority of premium members aren't making money off LL and SL. My advice: Ignore he who was reprimanded by a Linden for trolling, when he made posts eaxctly like this one. That would be Reserve, btw.

I go where the dollar goes. And if that direction leads to the downfall of
Second Life and LL, then so be it. The solution is in my remarks on how
to fix the problem. But those who wish to cling to an unrealistic approach to
money and markets will just have to be school'd the hard way..

Don't blame me, I'm innocent...

The many being "consumers" who want those Lindens to spend, and the few being "creators" who have those Lindens to sell on Lindex after consumers bought their products yes ? You do want your Lindens to spend on products that are for sale rather than using only free things yes ? Then it is your problem because you want stuff from those for whom the value of the thing you use to pay for it (the Linden) is a problem.

If you only ever want to use the free stuff that's fine, there is NO problem for you, but taking your stipend away wont effect you either because your stuff would be free to start with.