Second Life Forums Archive - The SL economy is on the verge of a recession!!!

Michael Seraph

Second Life Resident

Join date: 9 Nov 2004

Posts: 849

02-02-2006 15:31

From: Jamie Bergman

No, LL needs to eliminate the free lunch that it is giving out. Why not eliminate ALL stipends, as this is merely welfare. A strong society needs no welfare, as the market will self-correct. We need to get back towards a purer free market in SL and end SL socialism once and for all!!

The stipend is welfare? LOL. I PAY for my stipend. Welfare is when others pay for you. Just because you don't like it doesn't make it socialist. And SL isn't a market economy, free or otherwise. No stock market means no market economy. And since you can't have enforceable contracts in SL, and LL has made it clear that it's going to stay that way, we won't ever have a real market economy in SL. SL is a game for some, and for others it's a way to make money. If you can't make money under the current structure too bad. Having the government (LL) take my money to prop up the value of yours doesn't sound like capitalism to me.

There is a simple way to end the increase of available $L without taking any resident's stipend or implementing new taxes. Allow residents to pay their land tier fees in $L.

Siggy Romulus

DILLIGAF

Join date: 22 Sep 2003

Posts: 5,711

02-02-2006 15:33

From: Jamie Bergman

Yes, and those people can use RL money to by L$. That is the power of the free market, my friend.

Doesn't power of the free market extend to the other hand too? People to set their own prices for selling the L$? Or does the 'free market' only work when it's in your favor? I'd really like to know.

Freebies = good when you profit from them -
Freebies = bad when you don't
L$ worth lots = whoohoo wild west baby! Free Market ROCKS!
L$ worth litte = REGULATION! OMGZ! SKY OWIES BUMPED MY HEAD!
Stipend = Good when you get it
Stipend = Bad when you don't need it?

I hope the L$ does go through the floor - I'll suffer the loss just for the laugh of watching you implode.

Oh and to answer your other question about anchors and all that jazz - simple answer:

Never.

_____________________

The Second Life forums are living proof as to why it's illegal for people to have sex with farm animals.

From: Jesse Linden

I, for one, am highly un-helped by this thread

Jamie Bergman

SL's Largest Distributor

Join date: 17 Feb 2005

Posts: 1,752

02-02-2006 15:44

During this crisis be sure to keep your browser tuned here http://sleconomyblog.blogspot.com/ as I will keep you posted on all the latest developments.

Jamie Bergman

SL's Largest Distributor

Join date: 17 Feb 2005

Posts: 1,752

02-02-2006 15:45

During this crisis, keep your browsers tuned here http://sleconomyblog.blogspot.com/ as I will be providing you with the latest information as it develops.

ZsuZsanna Raven

~:+: Supah Kitteh :+:~

Join date: 19 Dec 2004

Posts: 2,361

02-02-2006 15:46

From: Introvert Petunia

I'll rent you the brick for only L$100,000/hour. Yes, I know that sounds expensive but what with the hyper-inflation and looming recession and all....

Was that a Freebie brick?

_____________________

~Mewz!~

Jamie Bergman

SL's Largest Distributor

Join date: 17 Feb 2005

Posts: 1,752

02-02-2006 15:49

Also, everyone needs to remember to stay calm and NOT PANIC. Lets all keep our wits about us during this crisis.

Travis Lambert

White dog, red collar

Join date: 3 Jun 2004

Posts: 2,819

02-02-2006 15:52

On a serious note, isn't this a subtle attempt at currency manipulation?

I think most folks who have been around a while take statements along this line with a grain of salt.

However, SL is a world where, new residents perpetually make up a good percentage of the population.

Could this FUD tactic actually be useful in manipulating the market to gain a trade advantage - if many of the traders are new residents?

I don't think there are any TOS/CS rules against psychological manipulation of the currency market. But if that's what is really being attempted, how far could an individual go with it before its a problem that needs to be addressed?

Just thinking out loud here

_____________________

------------------
The Shelter

The Shelter is a non-profit recreation center for new residents, and supporters of new residents. Our goal is to provide a positive & supportive social environment for those looking for one in our overwhelming world.

Michael Seraph

Second Life Resident

Join date: 9 Nov 2004

Posts: 849

02-02-2006 15:52

From: Jamie Bergman

During this crisis, keep your browsers tuned here http://sleconomyblog.blogspot.com/ as I will be providing you with the latest information as it develops.

I especially like this quote:

From: Jamie Bergman's Blog

I am SecondLife's leading economic mind.

Yet you can't tell a market economy from a non-market economy. A legend in your own mind.

Desmond Shang

Guvnah of Caledon

Join date: 14 Mar 2005

Posts: 5,250

02-02-2006 15:56

From: Siggy Romulus

I hope it goes lower than that - just to see who's head explodes first!

I agree!

"The Economy? You can't HANDLE the economy!!!"

Ooh, this is all such entertainment is it not?

_____________________

Steampunk Victorian, Well-Mannered Caledon!

Jonquille Noir

Lemon Fresh

Join date: 17 Jan 2004

Posts: 4,025

02-02-2006 16:04

Are all of the handy ResMods that should be moving this to the proper forum taking a long lunch?

_____________________

Little Rebel Designs
Gallinas

ZsuZsanna Raven

~:+: Supah Kitteh :+:~

Join date: 19 Dec 2004

Posts: 2,361

02-02-2006 16:06

From: Jonquille Noir

Are all of the handy ResMods that should be moving this to the proper forum taking a long lunch?

Now now Jonquille, we all know that they are all freaking out irl about the SL economy. It's hard to concentrate on anything else right now.

_____________________

~Mewz!~

Jonquille Noir

Lemon Fresh

Join date: 17 Jan 2004

Posts: 4,025

02-02-2006 16:09

From: ZsuZsanna Raven

Now now Jonquille, we all know that they are all freaking out irl about the SL economy. It's hard to concentrate on anything else right now.

Must be a 5 martini lunch then

_____________________

Little Rebel Designs
Gallinas

vivi Odets

Flibbertigibbet

Join date: 4 Sep 2005

Posts: 698

02-02-2006 16:17

/me starts designing Chicken Little avitars...

Siggy Romulus

DILLIGAF

Join date: 22 Sep 2003

Posts: 5,711

02-02-2006 16:18

From: Michael Seraph

I especially like this quote:

"I am SecondLife's leading economic mind."

Oh don't be so hard - it was a typo! they meant 'I am SecondLife's leading economic MIME'

_____________________

The Second Life forums are living proof as to why it's illegal for people to have sex with farm animals.

From: Jesse Linden

I, for one, am highly un-helped by this thread

Waz Perse

Registered User

Join date: 24 Nov 2005

Posts: 34

02-02-2006 16:29

From: Jamie Bergman

During this crisis, keep your browsers tuned here http://.../ as I will be providing you with the latest information as it develops.

I *would* but since you have closed your propaganda screed to the free market and all freedom loving people by removing all comments and the ability to comment, I will just have to decline. *tsk tsk tsk*

Kage Seraph

I Dig Giant Mecha

Join date: 3 Nov 2004

Posts: 513

02-02-2006 16:40

....

Newfie Pendragon

Crusty and proud of it

Join date: 19 Dec 2003

Posts: 1,025

02-02-2006 16:44

From: Travis Lambert

On a serious note, isn't this a subtle attempt at currency manipulation?

I think 'subtle' is giving him far too much credit.

Not to mention crossposting is just plain lame.

- Newfie

_____________________

Cid Jacobs

Theoretical Meteorologist

Join date: 18 Jul 2004

Posts: 4,304

02-02-2006 16:55

From: Billy Grace

You

From: Gabe Lippmann

is

From: Jeffrey Gomez

a

From: Burke Prefect

nice

From: Siggy Romulus

People

From: Magnum Serpentine

?

From: Reitsuki Kojima

I

From: Zapoteth Zaius

with

From: Introvert Petunia

you

From: Jamie Bergman

During

From: ZsuZsanna Raven

a

From: Jamie Bergman

PANIC

From: Travis Lambert

.

_____________________

Jeska Linden

Administrator

Join date: 26 Jul 2004

Posts: 2,388

02-02-2006 17:10

Merged with thread from General - please do not cross-post.

Jamie Bergman

SL's Largest Distributor

Join date: 17 Feb 2005

Posts: 1,752

02-02-2006 17:21

From: Jeska Linden

Merged with thread from General - please do not cross-post.

Sorry, Jeska!!

Siggy Romulus

DILLIGAF

Join date: 22 Sep 2003

Posts: 5,711

02-02-2006 17:40

So... if the current rate has been the same for a few days (actually its a tad BETTER yesterday and today) - where is this "crisis"

Or.... perhaps the 'crisis' is that the 'sky high' days are coming to an end..

For shits and giggles - go look up 'linden dollars' on ebay -- you'll see what I mean.

_____________________

The Second Life forums are living proof as to why it's illegal for people to have sex with farm animals.

From: Jesse Linden

I, for one, am highly un-helped by this thread

Jonas Pierterson

Dark Harlequin

Join date: 27 Dec 2005

Posts: 3,660

02-02-2006 17:49

From: someone

You don't see his level of knowledge of capitalism as "Legendary"?

No, I don't. I could learn far more from a freshman economics class.

Lecktor Hannibal

YOUR MOM

Join date: 1 Jul 2004

Posts: 6,734

02-02-2006 17:53

Hai gais, I just wanted to post in a Jamie Bergman thread while I was off my rocker drunk on cheap beer. *edited* Love you all, see you in 3 days.

P.S. (only for Cocoa)
Katywiki, you can chime in anytime now. Love ya, don't mean it.

p.s.s Resmods have your way with me.

_____________________

YOUR MOM says, 'Come visit us at SC MKII http://secondcitizen.net '

From: Khamon Fate

Oh, Lecktor, you're terrible.

Bikers have more fun than people !

Siggy Romulus

DILLIGAF

Join date: 22 Sep 2003

Posts: 5,711

02-02-2006 18:06

Lol!

_____________________

The Second Life forums are living proof as to why it's illegal for people to have sex with farm animals.

From: Jesse Linden

I, for one, am highly un-helped by this thread

Lecktor Hannibal

YOUR MOM

Join date: 1 Jul 2004

Posts: 6,734

02-02-2006 18:10

From: Siggy Romulus

Lol!

DOUBLE STFU to you pal!

_____________________

YOUR MOM says, 'Come visit us at SC MKII http://secondcitizen.net '

From: Khamon Fate

Oh, Lecktor, you're terrible.

Bikers have more fun than people !

The SL economy is on the verge of a recession!!!
Michael Seraph Second Life Resident Join date: 9 Nov 2004 Posts: 849	02-02-2006 15:31 From: Jamie Bergman No, LL needs to eliminate the free lunch that it is giving out. Why not eliminate ALL stipends, as this is merely welfare. A strong society needs no welfare, as the market will self-correct. We need to get back towards a purer free market in SL and end SL socialism once and for all!! The stipend is welfare? LOL. I PAY for my stipend. Welfare is when others pay for you. Just because you don't like it doesn't make it socialist. And SL isn't a market economy, free or otherwise. No stock market means no market economy. And since you can't have enforceable contracts in SL, and LL has made it clear that it's going to stay that way, we won't ever have a real market economy in SL. SL is a game for some, and for others it's a way to make money. If you can't make money under the current structure too bad. Having the government (LL) take my money to prop up the value of yours doesn't sound like capitalism to me. There is a simple way to end the increase of available $L without taking any resident's stipend or implementing new taxes. Allow residents to pay their land tier fees in $L.
Siggy Romulus DILLIGAF Join date: 22 Sep 2003 Posts: 5,711	02-02-2006 15:33 From: Jamie Bergman Yes, and those people can use RL money to by L$. That is the power of the free market, my friend. Doesn't power of the free market extend to the other hand too? People to set their own prices for selling the L$? Or does the 'free market' only work when it's in your favor? I'd really like to know. Freebies = good when you profit from them - Freebies = bad when you don't L$ worth lots = whoohoo wild west baby! Free Market ROCKS! L$ worth litte = REGULATION! OMGZ! SKY OWIES BUMPED MY HEAD! Stipend = Good when you get it Stipend = Bad when you don't need it? I hope the L$ does go through the floor - I'll suffer the loss just for the laugh of watching you implode. Oh and to answer your other question about anchors and all that jazz - simple answer: Never. _____________________ The Second Life forums are living proof as to why it's illegal for people to have sex with farm animals. From: Jesse Linden I, for one, am highly un-helped by this thread
Jamie Bergman SL's Largest Distributor Join date: 17 Feb 2005 Posts: 1,752	02-02-2006 15:44 During this crisis be sure to keep your browser tuned here http://sleconomyblog.blogspot.com/ as I will keep you posted on all the latest developments.
Jamie Bergman SL's Largest Distributor Join date: 17 Feb 2005 Posts: 1,752	02-02-2006 15:45 During this crisis, keep your browsers tuned here http://sleconomyblog.blogspot.com/ as I will be providing you with the latest information as it develops.
ZsuZsanna Raven ~:+: Supah Kitteh :+:~ Join date: 19 Dec 2004 Posts: 2,361	02-02-2006 15:46 From: Introvert Petunia I'll rent you the brick for only L$100,000/hour. Yes, I know that sounds expensive but what with the hyper-inflation and looming recession and all.... Was that a Freebie brick? _____________________ ~Mewz!~
Jamie Bergman SL's Largest Distributor Join date: 17 Feb 2005 Posts: 1,752	02-02-2006 15:49 Also, everyone needs to remember to stay calm and NOT PANIC. Lets all keep our wits about us during this crisis.
Travis Lambert White dog, red collar Join date: 3 Jun 2004 Posts: 2,819	02-02-2006 15:52 On a serious note, isn't this a subtle attempt at currency manipulation? I think most folks who have been around a while take statements along this line with a grain of salt. However, SL is a world where, new residents perpetually make up a good percentage of the population. Could this FUD tactic actually be useful in manipulating the market to gain a trade advantage - if many of the traders are new residents? I don't think there are any TOS/CS rules against psychological manipulation of the currency market. But if that's what is really being attempted, how far could an individual go with it before its a problem that needs to be addressed? Just thinking out loud here _____________________ ------------------ The Shelter The Shelter is a non-profit recreation center for new residents, and supporters of new residents. Our goal is to provide a positive & supportive social environment for those looking for one in our overwhelming world.
Michael Seraph Second Life Resident Join date: 9 Nov 2004 Posts: 849	02-02-2006 15:52 From: Jamie Bergman During this crisis, keep your browsers tuned here http://sleconomyblog.blogspot.com/ as I will be providing you with the latest information as it develops. I especially like this quote: From: Jamie Bergman's Blog I am SecondLife's leading economic mind. Yet you can't tell a market economy from a non-market economy. A legend in your own mind.
Desmond Shang Guvnah of Caledon Join date: 14 Mar 2005 Posts: 5,250	02-02-2006 15:56 From: Siggy Romulus I hope it goes lower than that - just to see who's head explodes first! I agree! "The Economy? You can't HANDLE the economy!!!" Ooh, this is all such entertainment is it not? _____________________ Steampunk Victorian, Well-Mannered Caledon!
Jonquille Noir Lemon Fresh Join date: 17 Jan 2004 Posts: 4,025	02-02-2006 16:04 Are all of the handy ResMods that should be moving this to the proper forum taking a long lunch? _____________________ Little Rebel Designs Gallinas
ZsuZsanna Raven ~:+: Supah Kitteh :+:~ Join date: 19 Dec 2004 Posts: 2,361	02-02-2006 16:06 From: Jonquille Noir Are all of the handy ResMods that should be moving this to the proper forum taking a long lunch? Now now Jonquille, we all know that they are all freaking out irl about the SL economy. It's hard to concentrate on anything else right now. _____________________ ~Mewz!~
Jonquille Noir Lemon Fresh Join date: 17 Jan 2004 Posts: 4,025	02-02-2006 16:09 From: ZsuZsanna Raven Now now Jonquille, we all know that they are all freaking out irl about the SL economy. It's hard to concentrate on anything else right now. Must be a 5 martini lunch then _____________________ Little Rebel Designs Gallinas
vivi Odets Flibbertigibbet Join date: 4 Sep 2005 Posts: 698	02-02-2006 16:17 /me starts designing Chicken Little avitars...
Siggy Romulus DILLIGAF Join date: 22 Sep 2003 Posts: 5,711	02-02-2006 16:18 From: Michael Seraph I especially like this quote: "I am SecondLife's leading economic mind." Oh don't be so hard - it was a typo! they meant 'I am SecondLife's leading economic MIME' _____________________ The Second Life forums are living proof as to why it's illegal for people to have sex with farm animals. From: Jesse Linden I, for one, am highly un-helped by this thread
Waz Perse Registered User Join date: 24 Nov 2005 Posts: 34	02-02-2006 16:29 From: Jamie Bergman During this crisis, keep your browsers tuned here http://.../ as I will be providing you with the latest information as it develops. I would but since you have closed your propaganda screed to the free market and all freedom loving people by removing all comments and the ability to comment, I will just have to decline. tsk tsk tsk
Kage Seraph I Dig Giant Mecha Join date: 3 Nov 2004 Posts: 513	02-02-2006 16:40 ....
Newfie Pendragon Crusty and proud of it Join date: 19 Dec 2003 Posts: 1,025	02-02-2006 16:44 From: Travis Lambert On a serious note, isn't this a subtle attempt at currency manipulation? I think 'subtle' is giving him far too much credit. Not to mention crossposting is just plain lame. - Newfie _____________________
Cid Jacobs Theoretical Meteorologist Join date: 18 Jul 2004 Posts: 4,304	02-02-2006 16:55 From: Billy Grace You From: Gabe Lippmann is From: Jeffrey Gomez a From: Burke Prefect nice From: Siggy Romulus People From: Magnum Serpentine ? From: Reitsuki Kojima I From: Zapoteth Zaius with From: Introvert Petunia you From: Jamie Bergman During From: ZsuZsanna Raven a From: Jamie Bergman PANIC From: Travis Lambert . _____________________
Jeska Linden Administrator Join date: 26 Jul 2004 Posts: 2,388	02-02-2006 17:10 Merged with thread from General - please do not cross-post.
Jamie Bergman SL's Largest Distributor Join date: 17 Feb 2005 Posts: 1,752	02-02-2006 17:21 From: Jeska Linden Merged with thread from General - please do not cross-post. Sorry, Jeska!!
Siggy Romulus DILLIGAF Join date: 22 Sep 2003 Posts: 5,711	02-02-2006 17:40 So... if the current rate has been the same for a few days (actually its a tad BETTER yesterday and today) - where is this "crisis" Or.... perhaps the 'crisis' is that the 'sky high' days are coming to an end.. For shits and giggles - go look up 'linden dollars' on ebay -- you'll see what I mean. _____________________ The Second Life forums are living proof as to why it's illegal for people to have sex with farm animals. From: Jesse Linden I, for one, am highly un-helped by this thread
Jonas Pierterson Dark Harlequin Join date: 27 Dec 2005 Posts: 3,660	02-02-2006 17:49 From: someone You don't see his level of knowledge of capitalism as "Legendary"? No, I don't. I could learn far more from a freshman economics class.
Lecktor Hannibal YOUR MOM Join date: 1 Jul 2004 Posts: 6,734	02-02-2006 17:53 Hai gais, I just wanted to post in a Jamie Bergman thread while I was off my rocker drunk on cheap beer. edited Love you all, see you in 3 days. P.S. (only for Cocoa) Katywiki, you can chime in anytime now. Love ya, don't mean it. p.s.s Resmods have your way with me. _____________________ YOUR MOM says, 'Come visit us at SC MKII http://secondcitizen.net ' From: Khamon Fate Oh, Lecktor, you're terrible. Bikers have more fun than people !
Siggy Romulus DILLIGAF Join date: 22 Sep 2003 Posts: 5,711	02-02-2006 18:06 Lol! _____________________ The Second Life forums are living proof as to why it's illegal for people to have sex with farm animals. From: Jesse Linden I, for one, am highly un-helped by this thread
Lecktor Hannibal YOUR MOM Join date: 1 Jul 2004 Posts: 6,734	02-02-2006 18:10 From: Siggy Romulus Lol! DOUBLE STFU to you pal! _____________________ YOUR MOM says, 'Come visit us at SC MKII http://secondcitizen.net ' From: Khamon Fate Oh, Lecktor, you're terrible. Bikers have more fun than people !

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The SL economy is on the verge of a recession!!!