Eliminations Have Improved the Value of our L$!

So many times I come into this forum only to find threads of people bitching and complaining about how the economy is falling, and our L$ will soon be worthless. Well you all know who I'm talking about, so look at the lindex right this minute as of 5:20Pm EST on June 30th 2006 the value of the L$ is 317/1 ! Havn't seen it that low in months. I guess the economy is coming back!

I just figured it was time for a change of attitude post here to brighten up peoples day. Lets just hope this trend continues, then I will have to lower my prices again.

This just proves that the economy is back out of balance. We need more L$ in the economy to stabilize it!

Stories about the beneficial effects of eliminations belong in the medical forum, don't they?

Who cares if it is out of balance? Once the linden value worth is up to what it was a long time ago then balance it, until then let the value rise!

Are you kidding??

I kid not. The best thing for the economy of Second Life is a stable value. It is near impossible to rely on a market that has such up and down swings. We need stability!

At what rate do you want stability, most business people seem to want a stronger L$ and that is the direction the LindeX is going now.

Speaking personally, I'd like the L$ to show more strength.

But Dnate is not wrong, it should be the goal of the economic policy to create stability to better grow the economy.

If the exchange rate were well managed, LL would be selling L$ now to lean against the trend, and then buying them back when the value of the L$ is decreasing. This would help flatten out the fluctuations in the exchanage rate. Stability is good

In all honesty, I think the L$ should be around L$330/1USD. I get this number based on the number of L$ that you get for doing nothing but paying LL $72. Add a little for the fact that over the same time frame you could be earning interest, and it comes to about 330l/1USD. Where the value should/will stabilize is really just a shot in the dark.

I do stand by my original point, the L$ needs stability. Not that I mind that my net worth is increasing without me doing anything, but still, I would love to see some sense of a stable market.

Yeah great news for day traders. But in world sales are in the toilet, and that's bad news for content creators. removing the basic stipend was a HUGE error and removed 80% of the in world customer base. They have no income they cannot buy. No paying jobs in SL, and no stipend means no L's to buy with unless they dump more USD into a program that already charges about dbl what it is worth.

If they want a widget, they'll have to pony up the USDs to buy L$ or they can run a business themselves or find in-game employment to pay them a salary... The welfare days are over baby... No more free lunches... w00t

No they're not... there's plenty of people still getting stipends.

You know... the vast majority of 140k+ active accounts...

Some people dont appreciate having to be forced into buying Lindens from a third party, makes em all bitter about the whole thing. If I didnt have that stipend when I joined a few years ago, my incentive level to play would have been lower. I say give premium account holders 1000 bucks a week! Incentive to play the game. Economy? Pfffffft. Heres the economic truths, people paying subscription fees, tier fees, sim rental fee's, they are lining Lindenlabs pockets. Thats all that matters to us players of the game. That the arena we play in can continue to exist, that Lindenlabs stay in business and keep SL open. Without it we have no game. Are there content creators doing this stuff just cus they love making stuff and being creative? Yep. So do I need the guy who demands his time and expenses creating content be paid for his efforts? Hell no. Do I give a shit that some people playing this game are making real money, and want to make more? Not really. Grab it while you can if it makes ya happy, but dont screw up my fun factor.

No it wasn't an error and while they pretended it was "for the economy" it have nothing to do with propping up the value of the linden. It didn't take long after killing the stipend for NEW basics that they allowed unlimited no verification accounts. If they hadn't cut out free L(stipends/starting L) to free accounts before doing that a million L wouldn't be worth a penny right now.

Then they will move on and be replaced by somebody who isn't bitter and has no problem buying the currency they need to obtain L$ denominated widgets/services.

Thinking like this is just beyond idiocy and just you saying this proves why the stipend should be kept. You just wanna get your little paws into Selling the L and expect people to have to either 1 constantly be working for L to do anything or 2 spend real life money every time they want to do something. What in the heck kind of flawed logic is going on there. This isnt a solution its a way for people like you to feed their mongeresc persona's and control SL even more.

The stipends wether you like it or not are a neccessary evil for a few reasons. First off Introduction of new L without people having to pay greatly out of pocket for it. Its a good way to keep L from getting out of hand and unless LL plan to buy up loose L under value (big loss in money) no solution to get rid of the stipends can actually work. Secondly stop basing stipends off a yearly subscription alot of people pay monthly, which is a little more over the course of a year. You would need to take all the subscriptions from all members and average them to get an accurate depiction here.

Now wether content providers in SL will openly admit it or not they rely on the stipends. Everyone in SL has relied on it in some context, even the guy with the freebie jacket upload fee came from you guessed it a free source of L mainly the stipend. What alot of people are saying is the viable solution and LL introducing L on Lindex to help balance out the economy (what thye think will balance it out) is nothing more then a way to force everyone into either working in SL constantly to earn some money (which this will cut down even more on the viable jobs that are already so few and far between), being a content provider, or buying all their L. Basically the end result being to ruin SL for the casual user.

I think the Lindex moving up pretty much proves that its not the stipends at all but rather the people on the Lindex that are the problem as well as people like R&D here coming in and screaming the sky is falling everytime it moves down a bit. The value has gone up with the premium and alot of basic stipends still in play. Whats that say about the people on Lindex? They believe the BS posted here to much really and get in a panic. They see new money is being cut all of a sudden it starts going up? Thats a bit off to me.

I hope LL realizes that they need to strengthen their casual gamer base rater then weaken it if they hope SL to really have a strong future. If they give into the demands of a minority who are out to make money they will ultimately not have a very bright future as there will be 0 incentive to be here for the majority of people (as most of us our casual players)

Actually in the larger scheme of thing it was an error. If you just look at it from one angle its not but. For starters alot of potential people that would become premium now have no real introduction to the economy. The unverified accounts were to balance out getting rid of the basic stipends which with their new system i feel really should be reinstated if you provide your "payment data". Lindex Is honestly volatile. There will NEVER be a stable economy in SL that alot of people are hoping for. Its got to fluxuate and its gotta adapt to the players both on the buyer and seller end of things. Basically all getting rid of the basic stipend really proved is that what is driving down the L value is panic and heresay rather then people actually just selling the L.

R&D would like to force people to buy L and you know as well as i do this isnt a legitimate way to go if LL wants any future for SL.

Despite protests to the contrary, I am sure he was kidding! There is no such thing as a "stable" exchange rate in a healthy economy.

Yes, this would be ideal.

Only when the value of the $L goes back up to what LL stated it was going to try and keep it at...

$US1 = L$250

We have a long way to go yet.

However, I am glad that the value is no longer sinking. It shows that eliminating dwell and incentive payments, and free money for new basic accounts was absolutely the right thing to do.

Actually no it showed nothing other then the fact that people panicked on Lindex. All of a sudden it goes up in value when the same amount of money is basically coming in. Correct me if im wrong but the entire basis for the argument is that the money coming in is actually the problem and this only proves more that it isnt because we still have the premium stipends. The value is going to go up and down and as long as some people come and scream the sky is falling they are going to cause some amount of panic. Getting rid of free money for basic accounts was essentially a bad move for LL because they now force people that want money to either buy it or go premium with no real introduction to the economy at all.

This is a good way to lose potential premium signups. As i said before though i think the basic thing should at least be reisntated that they at least get some startup money even for a set time when they provide valid payment info. This way you actually have 3 tiered signup's Free - unverified - no startup money , Free - verified - some s tartup L - mabye a stipend for a month, and Premium accounts as they are now. Actually giving incentive for people to verify their account status.

The money coming into sl was never really an issue though Jack. If you recall the rating bonuses those brought in alot more L and the currency was higher back then. It was when LL created Lindex that things started to go down mainly caused by panic.

Lina, I don't disagree with you about people panicking driving up the excahnge rate but you have some facts in error that you need to consider before making the generalizations that you do. BTW you make the same error many players do when looking at the same problem. Here are the facts taken from the data found here https://secondlife.com/currency/economy.php.

The May 06 data shows L$65,465,100 paid in stipends and the total from sources was L$74,722,420. The total sinks accounted for L$22,147,473. The difference which is the actual growth in the money supply was L$52,574,947. Since May 06 had 5 paydays as opposed to the normal 4 I need to normalize the stipend to 4 weeks and that number is L$52,372,080 or 4/5 of the previous number. If I take that number and add it to the rest of the sources I get L$61,629,400. Subtracting the sinks from the sources I get the growth in money supply had May been a normal month or L$39,481,927.

The June 06 data shows L$50,095,050 paid in stipends which is slightly less than the normalzed number from May of L$52,372,080. The total from sources was L$55,563,745. The total sinks accounted for L$22,660,392. The difference is L$32,903,353. That represents a reduction of 16.67% in the absolute amount of L$ coming into the game in June over May so the argument that the amount of new L$ coming into the game has been reduced is factually correct and it is your guess that the amount didn't change that is in error.

"and expect people to have to either 1 constantly be working for L to do anything or 2 spend real life money every time they want to do something."

That's why Lindens are called MONEY.

Anyone who wants to get stuff for free in Second Life, but doesn't want to make anything, do anything or spend anything, to deserve it...well, they don't sound like they care very much about Second Life to me.

Musuko.

ok frist off people some of you blind as bats to even not see this from cusmer point of View.. you need Moeny to buy things,upload images and etc.
geting job in Sl is't easy and how freaking hell going make content without cash.
you all don't appreciate meaning of Free moeny!
Not everone can pony up and buy damm L's.
Not everone got cash to burn on game.

get off your high horses and think of people along with own greedy selfs.

"Not everone can pony up and buy damm L's.
Not everone got cash to burn on game."

Anyone who is capable of paying for an SL capable computer and a broadband internet connection is capable of paying a few dollars to get some Lindens.

Nobody on SL CAN'T buy Lindens.

Musuko.