we should make 1L worth $.01 that way ppl wouldnt be worried about this shit like its the fucken stock market..o im gonna go buy some L$ off of gamingopenmarket*goes to gamingopenmarket* holy shit the price went down! tims to buy a lot of L$ har har har....
this is a bunch of bullshit if u ask me
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nick Martov
sl00t FOLLOWER
Join date: 26 Sep 2004
Posts: 109
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11-20-2004 21:15
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blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
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11-20-2004 21:17
I don't think we're so much as worried as we are fascinated.
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Taken from The last paragraph on pg. 16 of Cory Ondrejka's paper "Changing Realities: User Creation, Communication, and Innovation in Digital Worlds :
"User-created content takes the idea of leveraging player opinions a step further by allowing them to effectively prototype new ideas and features. Developers can then measure which new concepts most improve the products and incorporate them into the game in future patches." |
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nick Martov
sl00t FOLLOWER
Join date: 26 Sep 2004
Posts: 109
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heh
11-20-2004 21:23
ya btu still i always here ppl talking like omg the L$ cost went up...or went down blah blah blah
can i get a sl00t sl00t _____________________
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blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
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11-20-2004 21:32
Yeah, it's true... sometimes people's blood pressure is adversely effected by events pretty much beyond their control. Which I do agree is really silly
.. however, on the same token, we shouldn't mistake everything as worry or for that matter get upset by the intense interest of others in something new and exciting.. _____________________
Taken from The last paragraph on pg. 16 of Cory Ondrejka's paper "Changing Realities: User Creation, Communication, and Innovation in Digital Worlds :
"User-created content takes the idea of leveraging player opinions a step further by allowing them to effectively prototype new ideas and features. Developers can then measure which new concepts most improve the products and incorporate them into the game in future patches." |
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nick Martov
sl00t FOLLOWER
Join date: 26 Sep 2004
Posts: 109
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11-20-2004 21:34
lol ya but it gets kinda annoying, sometimes they are complaining omg i was gonna buy some yesterday but i thought i'd wait...but i shouldnt have...go check out off topic dude i hate economy
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Alby Yellowknife
Sic Semper Tyrannis
Join date: 5 Jun 2004
Posts: 1,148
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11-20-2004 21:34
we should make 1L worth $.01 that way ppl wouldnt be worried about this shit like its the fucken stock market..o im gonna go buy some L$ off of gamingopenmarket*goes to gamingopenmarket* holy shit the price went down! tims to buy a lot of L$ har har har.... this is a bunch of bullshit if u ask me How do you propose we make the L$ worth $0.01/cents? Supply and Demand dictates the price. Its not a stock market, its a currency exchange. A world of difference. |
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nick Martov
sl00t FOLLOWER
Join date: 26 Sep 2004
Posts: 109
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11-20-2004 21:42
so, the lindens could do that or the system or w.e like it gives us our stipend....and i thing gaminopenmarket is kinda a stockmarket even tho its currencty
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Alby Yellowknife
Sic Semper Tyrannis
Join date: 5 Jun 2004
Posts: 1,148
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11-20-2004 22:52
so, the lindens could do that or the system or w.e like it gives us our stipend....and i thing gaminopenmarket is kinda a stockmarket even tho its currencty The difference is that Currency rates are influenced by supply and demand. Stocks are influenced by underlaying issues of corporate health and such. When you buy stock in WalMart for $55/sh, its because Walmart has a balance sheet you can look at and gauge future growth, health, etc and pay a price for the stock which gives you ownership of Walmart. A Currency exchange simply exchanges one currency for another. The supply and demand of one currency over another changes its price. Right now SL has L$124,000,000/million Linden Dollars in circulation. At the current rate of US$1=L$253, the SL World is (in theory) valued at US$490,118. Enough US Greenbacks have bought enough Linden Dollars to give the L$ this value. If the supply of L$ increases, then you can expect the L$ valuation to decline. Because the law of supply and demand will show you that when supply exceeds demand, prices fall. Or in this case, Linden Dollar Valuation. Best selling rate: 253 / $ Best buying rate: 244 / $ |
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Loki Pico
Registered User
Join date: 20 Jun 2003
Posts: 1,938
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11-21-2004 04:18
I read the following in the terms of service and have never bought or sold L$ from an outside vendor.
6.4 Second Life Currency. You acknowledge that the Second Life service presently includes a component of in-world fictional currency. You agree that Linden has the absolute right to manage, regulate, control, modify and/or eliminate such currency as it sees fit in its sole discretion, and that Linden will have no liability to you based on its exercise of such right. In the mean time, if people want to buy and sell their L$, thats fine. I dont do it, but I think its actually pretty cool that it is happening. I know some sell L$ to offset costs of their monthly land tier and I see how it would be easy getting comfortable doing that. But, it should not be the expected norm, it should be looked at as a "limited time" bonus that may or may not be available in any future months. _____________________
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DNA Prototype
Mad Scientist
Join date: 8 Aug 2004
Posts: 179
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11-21-2004 04:57
The ones who complain about economy talk are the ones with no Lindens comin in. If you had an SL income- you would care. Simple as that. It is facinating and also fun to see your efforts turn into something that can pay for your tier. Alot of people work very hard to make SL enjoyable....whats wrong with them getting some compensation?
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Surina Skallagrimson
Queen of Amazon Nations
Join date: 19 Jun 2003
Posts: 941
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11-21-2004 05:37
we should make 1L worth $.01 that way ppl wouldnt be worried about this shit like its the fucken stock market..o im gonna go buy some L$ off of gamingopenmarket*goes to gamingopenmarket* holy shit the price went down! tims to buy a lot of L$ har har har.... this is a bunch of bullshit if u ask me Hmmm 1 L$ = $.01... that's 1000L$ = $10.. Hell yeah, I've a whole bunch of L$ I'd LOVE to sell for $10 a block.. Wanna buy from me nick? I'm sure we could force the price up to what you sugest. I'll go post a few blocks at that price just for you because I'm so nice  _____________________
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Surina Skallagrimson Queen of Amazon Nation Rizal Sports Mentor -------------------------------------------------------- Philip Linden: "we are not in the game business." Adam Savage: "I reject your reality and substitue my own." |
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billy Madison
www.SLAuctions.com
Join date: 6 Jun 2004
Posts: 2,175
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11-21-2004 06:17
Nick, my friend. You have to realize some people have a ton of linden and when it was worth 1.40 for 250 one week then the next 75 cents the next.. thats a good chunk of usd lost. I understand peoples concerns for this.
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Alby Yellowknife
Sic Semper Tyrannis
Join date: 5 Jun 2004
Posts: 1,148
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11-21-2004 08:15
I read the following in the terms of service and have never bought or sold L$ from an outside vendor. In the mean time, if people want to buy and sell their L$, thats fine. I dont do it, but I think its actually pretty cool that it is happening. I know some sell L$ to offset costs of their monthly land tier and I see how it would be easy getting comfortable doing that. But, it should not be the expected norm, it should be looked at as a "limited time" bonus that may or may not be available in any future months. Thats true, the L$ might be a "fictional currency". But that isn't really the truth. If you have L$, you have the ability to purchase stuff in a world that you want. And is your "wanting" of that stuff/service any different than you wanting HBO, A Hollywood Movie, or maybe a Broadway play? You spend US$'s for those non tangable things you want. And that in turn gives the US$ value. Because you need US$ to enjoy those things. That isn't much different than SL. You want your AV to look good, so you buy clothes. That gives you a certain enjoyment as a person. But the only way to achieve that is spending L$ to aquire those clothes. And at that moment, you've just created a demand to have L$ in your pocket. This giving value to the L$. So is the L$ really fictional? Its only fictional in your mind. Perception is everything. Just like I said, the USD is completely worthless. But when a store clerk says that LCD TV cost $2000 USDs that you want, I bet you'll have a need for USDs in your pocket. And bingo, value has just been added. The L$ and USD are more similar than fictional v. reality. |
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Trifen Fairplay
Officially Unofficial
Join date: 19 Jul 2004
Posts: 321
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11-21-2004 08:55
I think he may be talking about has no value, as in is not backed by anything. whe you say the US$ has no value, you are right and wrong. it does have value based on our gold supply. the US$ is a way to represent gold without having to keep it in your pocket. while the l$ has no backing except the current US$ exchange, which is based on desire for virtual goods on a limited bases. i.e. only in 1 game is it worth anything.
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Antagonistic Protagonist
Zeta
Join date: 29 Jun 2003
Posts: 467
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11-21-2004 09:08
whe you say the US$ has no value, you are right and wrong. it does have value based on our gold supply. the US$ is a way to represent gold without having to keep it in your pocket. No, it is completely accurate to say the US$ has no real value. The gold standard you speak of has been abolished for quite awhile. As was mentioned to another person in another thread. For your reading and educational enjoyment: http://en.wikipedia.org/wiki/Gold_standard With regards, Antagonistic Protagonist |
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Alby Yellowknife
Sic Semper Tyrannis
Join date: 5 Jun 2004
Posts: 1,148
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11-21-2004 09:49
I think he may be talking about has no value, as in is not backed by anything. whe you say the US$ has no value, you are right and wrong. it does have value based on our gold supply. the US$ is a way to represent gold without having to keep it in your pocket. while the l$ has no backing except the current US$ exchange, which is based on desire for virtual goods on a limited bases. i.e. only in 1 game is it worth anything. Are they still teaching people stuff in school? The US Dollar hasn't been backed by Gold since 1972 when Nixon took the greenback off the Gold standard. http://www.geocities.com/s011023/coldwar9.htm The US Dollar IS NOT backed by Gold. Only the faith you have in it, much like the L$ |
omg a noob is posting! everyone run!!
