Stock Xchange Plan

I'm having plans for the SL Stock Exchange (SSE) . Besides help from Linden Labs.. witch i'm definitely gonna need (hint!) i would need a lot of help from scripters, and webbuilders.

In RL I am working for a bank on this very subject, witch makes this an obvious project for me.

The plan is to make to make a SL Bank (First Bank of SL, FBS), and the SSE. The bank sells banknotes (scripted to prevent copies) And gives away acceptors: machines that check validity and payback on the balance of the owner.

Besides that the idea is to have the payback/ buying rate of these banknotes variable .. so more demand is higher value... less demand at some point will drop the value.. this should be determined by a Script, outside SL on a webpage/server, witch i have availible.

On that website will be the current value of the FBS Banknotes, compared to the real L$.. There will be several types of banknotes, with various starting values.. ie. a red one is round about 200L$ (depending on SSE)

The things i CAN supply, and dont need people for is the building of BanknoteAcceptors, Banknotes, etc.. so everything that needs to be built..

Also i have several webservers availible in various regions of the world.. with enough space to install the SSE on..


Maybe some teams like Bedazzle would like to help me out aswell..

Please post your ideas, reactions here.

Contact alby.. he used to have a precious metal market.. you buy the metal with lindens.. and the price goes up and down depending on RL.

ALBY!! we need ya here LOL

the search for assistance continues btw.. we need some more people for the scipt-implementation in Sl etc..

What is it you personally actually plan to do, if you need help from scripters, web developers, artists, and Linden Lab?

This belongs in the Land & Economy forum, not off-topic - most people who would be interested will miss this thread.

...

That aside, I think before anyone can give you ideas and/or reactions, you'd need to actually explain what you envision.

see changed topic above

nvm

LOL... u were way too fast.. i was still typing

I had kicked around with this idea when people suggested sales taxes and the like, but only as a workaround.

What would you see as the use of these banknotes instead of L$?

The advantage will be a physical object really worth something.. with a real value ..

The banknotes have to be scripted because otherwise people would be able to make them from a careful screenshot...

The bank itself would be a very carefull selected number of people, who need to be 100% trustworthy.. and only one person should be able to copy the banknotes.. so fraud will be reduced to a minimum...

Also there will be small signs given away to those shops and people who will accept the banknotes as payment.

All the graphics for i.e. the banknote and logo etc. are already being worked on real hard...

I'm curious wether we could get some sort of linden support for it... Maybe Linden labs would state to the public something about the reliability of the staff... if they can..

Okay, you're begging the question.

Yes, obviously the bank notes would have value.

What would be the value of having this in Second Life? What does this offer over L$ transactions?

The banknotes would be the first physical object in SL wich would have value to everybody.. there is no object yet in SL that has value for all players...

I.E. a brande new SLK from neo will cost ya L$ 2600 its worth 2600 to me coz i like it, its something i want.. to Anshe it would be worth L$0, coz she's not interested in driving (are u anshe?

The meaning of the banknote is that its worth the same cash to every player.. well.. to all players interested in money.. thats about 90%..

Besides, when doing smart business in buying/selling the banknotes you could make a good profit.. therefor we would need a place on the net to trade Banknotes, or have a SSE building where trading can be posted.. (options)... loads of possibilities,

It does nothing more over L$ then just the physical over a number in the toprightcorner of ur screen.. more realistic..

answered now?

(ps what does the nexcom phone do over IM? )

No. You've said WHAT it is... but not WHY it is.

I dont get it. Sorry. So as such, I don't see what value it has to 'every player'.

because every player can trade them in for L$ on ur Linden account...

the main advantage wil be the trading.. u can make big money trading wisely

for others it might be interesting coz they can really show their wealth in-game...
i can think of many options..

Realistically, I can convert my L$ into US$ via GOM. Banknotes would still have to be converted to L$ before I can make them US$ in this case.

yes.. but there are people around who cant afford to mess with their rl cash.. like myself..

We're going to add more instability to the SL economy? Are you nuts? Why would I want to risk it to speculate on money twice removed from US$?


Don't people do that with their builds? Their land they own? Custom AVs and the sort?

Really, who cares about money? Money is a means to an ends - it's what you can do with the money that's impressive.

So, they don't need to now. How does adding banknotes change this?

Uh, if you don't have the money, you wont have the banknotes worth that money?

And anyway, given that there isn't a player or group of players inworld that I or many others would trust with administering a 'physical note', it'd have to be a Linden run thing. And frankly I'd rather they concentrated their efforts on worthwhile things.

And given that permissions and inventory are flaky as hell, this is SUCH a bad idea. What recourse do I have when I spend my Lindens on a $1000 note and it doesnt appear in my inventory? Or suddenly disappears from my inventory for no reason? Or becomes impossible to rez due to an asset server corruption? Or the perms spontaneously change and I can no longer transfer it? Or...

they can mess around with their L$, trying to make it more.. learn something about trading stocks, the stockmarket.. and in this case the stocks are the banknotes that represent L$...

this way u can mess with cash without losing any more then ur already used to...

i think it will bring more stability to SL, because one can predict(somewhat) what the marketvalue is gonna do.

You wont have to buy the banknotes.. its not gonna be a replacement.. trust me LOL

Right, so you're not talking about money thats worth anything then? You're talking about play money. Toy money. With no value? To play a simulated stocks 'game' that has no real cash dividend?

In that case, knock yourself out.

thats why i asked for Linden support.. that would be the last thing we would want.. banknotes dissapearing..

If i cannot get somesort of guarantee that i would get both as customer and manager of the banknotes.. i wouldnt work with them either.. also concidered the mistakes about no-copy objects that sometimes occur..

but thats only a technical issue to think of...

first im collecting opinions about the idea itself.. not the technical imperfections that might make it all possible after all.. but thnx

No, Kris, he said it would have real money that shops would accept.

Sophos, people can already speculate with L$ on GOM without using real money - they can deposit from SL and withdrawl to SL and never touch a US$.

how can i replace it.. im just a player.. thats up to the lindens..

L$ is just toy money .. unless one starts buying it for USD .... but thats what some people wanna prevent..

but if u already spent USD... i can imagine this is not something you would do without any concideration..

i know they can speculate on GOM.. there is also a totally useless part of this project.. i know!!.. i mean the nexcom phone.. everybody has one.. whats the use?? none.. its just fun..

the banknotes can be profitable.. but its also just plain fun having physical banknotes.. if one cant see that... then ur playing SL way too serious

hah! you want to dream up an idea first, then worry about whether its technically feasible or possible in the environment? Ok. But prepare for disappointment

It's really simplistic to say 'thats why I asked for Linden support'... but do you think they WANT the asset server to keep crashing? Do you think they WANTED a third of my inventory to spontaneously disappear permanently? Do you think they WANT people to be able to counterfeit stuff by perms loopholes? If they COULD track down and fix the problems, I have every confidence that they would.

And as I said, if it a 'real' SL stock exchange, or the notes had ANY monetary value at all, it should not be managed by you or any other player.

Which is why I said I didnt understand the whole proposition or any of his reasoning so far

I really don't have a clue what he wants. But it doesnt sound good. Lol