If you could think of an ideal market value in $ for the L, what would it be pegged at?
I ran figures about how much the L actually is. But how much would the market want it to be if pegged?
Since the start of GOM, the L values have been up and down. For the most part, they have been in the area of $4.50/1000.
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If there was a market value peg for the L |
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Boyfriend Bailly
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Join date: 13 Sep 2005
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09-26-2005 14:03
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Dark Korvin
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Join date: 13 Jun 2005
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09-26-2005 17:40
If you could think of an ideal market value in $ for the L, what would it be pegged at? I ran figures about how much the L actually is. But how much would the market want it to be if pegged? Since the start of GOM, the L values have been up and down. For the most part, they have been in the area of $4.50/1000. I personally think consistancy of value is more of a concern than the actual value that consistancy starts at. I think the economy would benefit just as much if the $L 1000 was wroth US$.95-US$1.05 as it would if $L1000 was worth US$9.50-US$10.50. It would kill the day traders if it changed that little, but in-world trade would then occur without the buying and selling sides having to guess at what the actual value was. US$4.00 to US$3.50 is a -12.5% change. We all know that change happened in a very short time. It is that huge amount of change that hurts more than the value itself. If I had time to change my prices before something pegged the price at a constant level, I wouldn't care what value was chosen. |
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Zapoteth Zaius
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Join date: 14 Feb 2004
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09-26-2005 18:31
I believe LL try to keep the value of the L$ at around $4/L$1000 by using sinks and bonus'..
But I can't find the quote, think it was at a town hall.. _____________________
I have the right to remain silent. Anything I say will be misquoted and used against me.
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Ricky Zamboni
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Join date: 4 Jun 2004
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09-26-2005 18:36
I believe LL try to keep the value of the L$ at around $4/L$1000 by using sinks and bonus'.. But I can't find the quote, think it was at a town hall.. They've been doing a real bang-up job of that for the past nine months, too.....  _____________________
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Zapoteth Zaius
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Join date: 14 Feb 2004
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09-26-2005 18:39
They've been doing a real bang-up job of that for the past nine months, too..... Lol.. fair point, but that wasn't the question  _____________________
I have the right to remain silent. Anything I say will be misquoted and used against me.
--------------- Zapoteth Designs, Temotu (100,50) --------------- |
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Smiley Sneerwell
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Join date: 6 Jun 2005
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09-26-2005 20:15
They've been doing a real bang-up job of that for the past nine months, too..... BIG LOL on that. |
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Smiley Sneerwell
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Join date: 6 Jun 2005
Posts: 210
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09-26-2005 20:46
I personally think consistancy of value is more of a concern than the actual value that consistancy starts at... I would agree with that. It doesn't matter where the exchange rate is. Commerce likes stability. |