A request to GOM

So I take it you don't see it as a conflict of interests, esp when you will most likely be offloading money into this new seperate business market?

And if that is not the case, can you or anyone who is implementing this new system explain some the securities we will have in using it over the outgoing, non-secure GOM system and in lieu of waiting for LL's implementation?

And by securities, I mean, safegaurds against huge accounts like IGE flooding the market causing disrupted trade, stop orders, options/future trades ?

Or are we just looking at GOM someplace else, and if so, why use that and not safeguard my cash until LL's pulls out their system, in the meanwhile using mechanisms like Ebay/IGE to straight trade currency at fixed rates?

I am thinking this is impulse rather than innovation ?

No robin said the account was frozen days ago to prevent fraud as there had been some change of ownership, anshe has already posted to say she had 16mil in gom

Robins post is here /invalid_link.html

Anshes post is here /130/98/63362/1.html#post662949/130/98/63362/1.html#post662949

???

I can already offload my money via ANSHECHUNG.COM. Would you actually prefer us not implement one free trading system on SLExchange.com and have IGE and myself play monopoly for however long it takes Linden Lab? Maybe I am just dumb that I still try to be helpful to this community. The silent and selfish approach starts to look more and more rewarding...

But have the same common person involved? hence the word anshecorp by the original poster and not a division of anshechung.com as you replied?

Um, correct me if I am wrong, but that would only mean you have a 50% of the money outlets available instead of only 33% as it is now?

Ebay 33%
AC.com 33%
IGE 33%

if you added an exchange

Ebay 25%
AC.com 25%
IGE 25%
SlExchange 25%

add yours together for 50%, which would mean you are suddenly not more monopolizing then you are now? I am confused....

I honestly don't care Anshee. Start an open exchange.

What I do care about are the questions I posted.





Are we looking for straight replacement of GOM, no new ideas, or are you going to try and fix the problems GOM had?

70% of SLExchange.com is owned by Apotheus, who is not affiliated with anything "Anshe". I currently don't even have access to database or the Exchange Street account. And besides this, why does it matter? Do you want to suggest that because some business is (partially) owned by me it should be treated differently?

Yes. It's called "Conflict of Interest."

How do you work that one out? What are the conflicts?

It will mostly be a straight replacement of GOM (although the user interface will likely be significantly different) and we will add new features such as stop/limit and short sells in the future if there is demand.

We will not implement a mechanism to restrict the free market by setting prices however.

Sounds great.

How bout order limits (not to be confused with limit orders), so that huge conglomerates can't stuff mass orders of 12mil into a trading day and kill any chance of a free system for the 1000 other people moving a mere 10k around?

How can you consider yourself an unbiased currency exchange L$ market maker when you are a 30% owner of said currency exchange and at the same time one of the major SL L$ dumpers in the economy?

First off, from Wikipedia:
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A conflict of interest is a situation in which someone in a position of trust, such as a lawyer, a politician, or an executive or director of a corporation, has competing professional and/or personal interests. Such competing interests can make it difficult to fulfill his or her duties fairly. Even if there is no evidence of improper actions, a conflict of interest can create an appearance of impropriety that can undermine confidence in the ability of that person to act properly.

More generally, conflict of interest can be defined as any situation in which an individual or corporation (either private or governmental) is in a position to exploit a professional or official capacity in some way for their personal or corporate benefit.
---------------------------------------

The conflict of interest is that even though Anshe does not own a controlling amount of SLEx, she does own some, which gives her some gain from the success therein. With one person either having direct control over, or a financial state in several currency exchanges, it would be hard to, at the very least, be able to get rid of the impression that something wasn't cooking behind the scenes.

Just my take.

People could say that and then they could say motives for posting, like your exchange system is in development, and your posting asking for gom to stay open, because basicially yours isnt ready to compete with them yet, You also had to take your 16 mill off gom before it sold or whatever you were using it for to reduce the market value to buy more at a lower cost by posting in such large chunks people would post at lower values.

Woh mr/ms fucking wikipedia has arrived!

I am not disputing her influence and potential gains from the business. I am sking what interest conflicts with her business interest?

apologies for the agressive reply Nala, I just got a bit narked by the definition being thrown at me

There is no conflict of interest. These people misinterpret the meaning.

Where does bias come into having an open market?

"These people" looked up the definition for your convenience. Read and learn.

conflict of interest
n. pl. conflicts of interest

A conflict between a person's private interests and public obligations.

Main Entry: con·flict of interest
Pronunciation: 'kän-"flikt-
1 : a conflict between the private interests and the official or professional responsibilities of a person in a position of trust
2 : a conflict between competing duties (as in an attorney's representation of clients with adverse interests) —see also ABA Model Rules of Professional Conduct in the IMPORTANT LAWS section

Which I think was the point, none. It behooves her to do this as she will have more market share of the exchanges and a nice place to play turn my $L into $US.

But that is not what really bothers me, cause quite frankly, uh, hello, RL banks? Or who did you think made these RL markets in the first place?

I am more concerned with the avg joe trader who likes to make some of his mere 10-50k lindens a month into real cash without having to fight monsterous bids of 10+ MIL

Perhaps, and this is a thought, one could see higher end markets like in RL:

NYSE for big players/blue chips and NASDAQ for penny stock/OTC trades. And maybe even a chicago like trade for just options.

Honestly trying to roll a FOREX type system without margin trading for everyone isn't working too well cause its not really free open trading when I can't trade at all....

So you read stating that there is a 'conflict of interest' as the opposite? how? and why would the opposite be a problem? I am puzzled.

I don't see Anshe having any "public obligations". She has plenty of private interests. She can sell L$ any way she wishes and is not required to sell one way exclusively.

She can sell on Anshe.com, SLExchange.com, eBay, -- hell -- she can bring some L$ certificates to the SLCC and sell them for cash and this does not constitute a conflict of interest.

The point made by all the definition entries is the point Hiro.

She has a direct conflict of interest when viewed in the public space.

As for her own business interests there are no conflicts (which is what you asked seven posts up).

This statement would be insulting if it wasn't so laughable for being so wrong! lol

YOu will have to explain in simple terms to me where the conflict of interest lies Alex. She is looking at starting up a new arm to her businss (all be it as part owner). Now what does her interests in her new endeavour conflict with exactly?

Does an entity running an economy's currency exchange have "public obligations?"

Does a 30% stake in said currency exchange constitute ownership?

Does Anshe have private interests?