A request to GOM

I think this is where the confusion is. The exchange she proposes is not a public service, it's a business. There is no conflict of interest anywhere.

What's laughable is becoming so personally vested in being "right" that we fail to acknowldge the obvious.

1. No - it's a private business - use it or not - your choice.

2. Yes - so?

3. Yes.

She is not running the economy's currency exchange. She is proposing a new open market as a new business of hers.


Yup, so?


Yup, so?

Ill hold that up to the mirror for you Cheyenne

Snap! I win!

Ha ha

Ok I'll concede that I'm wrong in some circles and leave it at that.

I can't speak for Alexander though. He makes a very compelling argument

The public space.

It is simple really. Go ahead, start the market, do whatever ya want.

Like I said I am only concerned for the avg user of SL, not the huge conglomerates.

If you want to run a market system where I have to have hundreds of thousands of $L per/diem per/week per/month to be able to even get in, more power to ya.

I just think it adds more alienation from those whom already dislike some of the practises, and know enough about how the RW turns to see this for what it is, self-interest.

If it is run in a fashion with some checks, like an SEC, or some type of regulation, then even better, cause they may in fact be a better system then what LL can provide and will of course be 1000% better then what GOM did provide.

And, just so there is no confusion, free market trade doesn't mean no holds barred.

Even with the most open free trade market I use currently, FOREX, there are still regulations.

It actually works as the most open market system because of the ability to trade on margin, otherwise no one would be able to get in (which you can for as little as 250$).


And quite frankly Hiro, I agree with you that it is not the obligation of private business owners to provide safety for the $L in and of themselves.

LL prints the money, they should be accountable, as is the FED in the US.

However, lets not be blind to the fact that with currently limited outlets to sell/buy the money in the first place, this does mimick the era of the 1920's, when rich conglomerates dominated the market space not letting anyone else in unless they wanted to, and being able to self-regulate/manipulate the prices to where they wanted them to be by the sheer force of their stock/money reserves.

Anshes new business will be a conflict of interests with public space??


The market proposed by Anshe/Apoth is absolutely nothing to do with me.


It's up to every individual to decide if they will use this open market. No one is forcing anyone to use it.

Correct. Which was what my original questions were about.


If those can be answered, for me, with any certainty that my ability to use the market to my best advantage will not be hindered or crsuhed by an onslaught of big chips, then I really don't care who owns it or runs it.

BTW, I know you are not assocaited with AC, at least as far as I know, it was more along the lines of speaking in third party/devil's advocate.

OK fair enough, I assumed it was directed at me as it was after a quote. Am sure Anshe would giggle at the idea that I am associated with her *waves* Hi Anshe

Evasion! Does AnsheCorp hold a material interest in SLExhange? I assume by your evasion and your utterly, manifestly false misdirection that AnsheCorp was in anyway relate to Gigas - despite any claims that it was - to be proof positive that:

1. AnsheCorp does have a material interest in SLExchange
   
2. AnsheCorp wants to have GOM operate until AnsheCorp has their currency exchange operational
   
3. AnsheCorp delights in disparaging former competitors
   
4. AnsheCorp uses every oppotunity to use the Forums as free advertisement
   

Indeed, you don't even have to answer the question about AnsheCorp's material interest in SLExchange since the forums already document it. Wow, and I though Big Oil's de facto ownership of the Congress was disgusting.

And incidentally, I don't have any interest in the economy of SL. I stand neither to gain nor lose anything should L$ exhcanges or even LL cease to exist tomorrow. So please don't imagine that you were doing anything for me.

This is false in many ways.

1) Anshe already has a currency exchange operational at anshechung.com. Similarly, SL Exchange already has a currency exchange operational at slexchange.com.
2) "AnsheCorp" does not even exist as far as I am aware.
3) anshechung.com and SL Exchange are separate businesses. One is not a division of the other.
4) My (Exchange Street's) announcement of launching a new market was separate from Anshe asking GOM to rethink their timeline. There is no correlation between the two posts other than the fact that I thought this thread was the most appropriate one to post in. I do not believe my original post really warrants its own thread.

SLEx does offer a currency exchange?

SLX is 30% owned by AncheChung.com.

Disclosure:

I would never trust SLEx. and would never do business with them because of my prior business dealings with SLEx, prior to and having nothing to do with AncheChung.com.

And yes, I use to be a 40% owner of SLEx.

And yes APO is dishonest!

http://www.slexchange.com/modules.php?name=LindenDollars
WTF???

Excellent Anshe, offload as much money as you want via ANSHECHUNG.com.

But regarding "...one free trading system on SLEx..."

They are 30% owned by AncheChung.com.

Disclosure:

I would never trust SLEx. and would never do business with them because of my prior business dealings with SLEx, prior to and having nothing to do with AncheChung.com.

And yes, I use to be a 40% owner of SLEx.

And yes APO is dishonest!

If you can offload it via your website why was it dumped on gom? hence you being missing from the leaderboard. Im sure the people who had to sell their lindens for lower while your 16mil was on gom would have prefered the silent approach.

If that was/is truely the case, it does not bode well for consumer confidence that she wants to start an exchange market, having previously manipulated the last one for a clear 30 cent loss in the span of four hours.

I'm really glad you apologized. Because I was trying to stay out of this thread. And Nala is a dear friend and woah your response got to me!! But, I also understand you are trying to defend a position. And Nala came along at a bad time for *you*. This whole situation has a lot of people stressed. It is without a doubt a history making moment. HEAR THAT EGGY?? History here!! Get cracking on the documentation!!

Having not one, but two currency sites owned in whole, or in part, by Anshe is a conflict of interest. Although I have been critical of GOM, there has never been any question about their credibility or honesty, which is crucial for financial institution. The same cannot be said for the owners of SLExchange. The Linden exchange is looking better and better all the time.

And soon to be 3 sites with the opening of their own exchange, with slexchange already selling currency as does anshechung.com, this new site will be the 3rd.

Start your own if you have problem with us providing useful services to the community.

How is it a conflict of interest? There are *so* many companies in the world that have their main brand, and a second brand that produces similar, sometimes identical products (and for diff prices!). Would it make everyone feel better if the open market was on the same web page as the fixed priced sales/buys?

It is not an open market if three of the markets are owned by the same person. All three of the markets can be used to manipulate the others with priviledged information to control market values. Competing against yourself is not true competition. If another third party market is going to move into this space, it should not be one with direct financial ties to an existing market. You cannot compare retail businesses that sell basically the same or similar products under different labels (for example, Honda and Acura) to a financial market - it is an apples to oranges comparison.

It is an open market, the buyers and sellers set the price. You could argue that the site owner could place lots of L$ on that open market to manipulate it, but then they could do that on a site owned by someone else anyway. I see no reason why someone with a lot of L$ and/or sells elsewhere is a conflict of interests.

The analogy wasn't perfect I agree. But the service offered at anshechung.com and the one that has been proposed are similar, but still different.

As far as the no. of markets held by one person, well what do you suggest? Other residents can open up markets if they so choose. One company/resident (I don't know how AC views this) has the monopoloy on land. Is it any different when it comes to L$?