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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
07-28-2006 12:15
From: Freyr Elvehjem
Well, look who's back...

You know, You're going to run out of cliches soon.

Call it whatever you will, but yet again you were wrong. Doesn't matter what your name for it is, right now folks can sell at 302:1. What happened to that not being able to "get out for more than L$311"?

And is the average (of L$305.6715) still speaking for you?


Oh, have you asked around about this yet?

I'm sure you're still wondering who's been buying through all of those millions so far.




Poor Freyr, you'll never understand. You think in the "short-term" and I'm talking about the big picture long term. I'll make reference to what the short term market is doing, but the fundamentals still apply with the long term downward trend of the Linden Dollar.

Let me ask you this; What about the people who bought L$ at L$250? and today it is L$300ish??? Are they just screwed if they decided to listen to you and hold out for a better tomorrow?

I'll never run out of cliches.... And you can take that to the bank.
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
07-28-2006 12:22
L$64.6/Million Linden Dollars Printed in July '06,
up from L$55.9/million in June '06.


Now if that isn't Inflation, I donno what is...
Nothing like currency devaluation in SL...






Webster's New Universal Unabridged Dictionary:

Inflation

"An increase in the amount of currency in circulation, resulting in a relatively sharp and sudden fall in its value and rise in prices: it may be caused by an increase in the volume of paper money issued or of gold mined, or a relative increase in expenditures as when the supply of goods fails to meet the demand."


No Paper in SL, just ePaper... Keep on printing LL, these folks just love Mudflation.
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Freyr Elvehjem
Registered User
Join date: 13 May 2006
Posts: 133
07-28-2006 12:59
From: ReserveBank Division
Poor Freyr, you'll never understand. You think in the "short-term" and I'm talking about the big picture long term. I'll make reference to what the short term market is doing, but the fundamentals still apply with the long term downward trend of the Linden Dollar.

You're not talking about the big, long-term picture when you make absolute statements about how everyone should sell (my mistake, I mean SELL!!!) immediately because they won't get a better price (you've done this--and have been wrong about it--several times in the past month), or that when the Lindex comes back up all linden dollars will be worthless. That's just scaremongering. It's almost like you're trying to induce a panic in the short-term so you can be correct in the long-term...
Tiger Zobel
hoarder
Join date: 13 Jan 2006
Posts: 391
07-28-2006 13:01
From: ReserveBank Division

Let me ask you this; What about the people who bought L$ at L$250? and today it is L$300ish??? Are they just screwed if they decided to listen to you and hold out for a better tomorrow?

Let me ask you this; What about the people that sold at L$340? and today it is L$300ish??? Are they just screwed if they decided to listen to you and sell in a panic selling market?


It's a poor argument that can be used against you, and shows yuou're doing just what you accused others of doing... hyping it.
From: someone
Inflation

"An increase in the amount of currency in circulation, resulting in a relatively sharp and sudden fall in its value and rise in prices: it may be caused by an increase in the volume of paper money issued or of gold mined, or a relative increase in expenditures as when the supply of goods fails to meet the demand."

You've been screaming about inflation for months... and we've only ever seen it happen on 2 occasions... right after the announcment that LL was planning on selling L$ direct, and when we had a nice long weekend and a lack of sellers...

However... you keep ignoring one vital part of the definition... "resulting in a relatively sharp and sudden fall in its value and rise in prices"

Where is this rise in prices?? Where is the link between the amount printed and the sudden rise and fall we saw?
You are linking them when there is no link... the money was ALWAYS being printed, and at a higher rate relative to the active population.
If printing all that money was the cause, why did we NEVER SEE THE EFFECT BEFORE??

Answer... because it isn't the cause and you are talking bollocks...
Tiger Zobel
hoarder
Join date: 13 Jan 2006
Posts: 391
07-28-2006 13:04
From: Freyr Elvehjem
You're not talking about the big, long-term picture when you make absolute statements about how everyone should sell (my mistake, I mean SELL!!!) immediately because they won't get a better price (you've done this--and have been wrong about it--several times in the past month), or that when the Lindex comes back up all linden dollars will be worthless. That's just scaremongering. It's almost like you're trying to induce a panic in the short-term so you can be correct in the long-term...

No kidding... RBD and JB have been doing it for months... Hyping up every single point the market fell while ignoring the points it gained...

And RBD thinks we haven't noticed his game yet. :rolleyes:
Ranma Tardis
沖縄弛緩の明確で青い水
Join date: 8 Nov 2005
Posts: 1,415
07-28-2006 13:21
Look up in the charts, is it a bird or is it a plane?

No it is Super Cat!! aka the Linden :)

ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
07-28-2006 14:03
From: Freyr Elvehjem
You're not talking about the big, long-term picture when you make absolute statements about how everyone should sell (my mistake, I mean SELL!!!) immediately because they won't get a better price (you've done this--and have been wrong about it--several times in the past month), or that when the Lindex comes back up all linden dollars will be worthless. That's just scaremongering. It's almost like you're trying to induce a panic in the short-term so you can be correct in the long-term...




I'm waiting for you to explain to my why the Linden Dollar has fallen from L$175 to its present day value of L$300ish? And why people shouldn't sell the L$? I don't need to scare anybody, the fear already exists by looking at the historical chart of the Linden Dollar... Cmon, prove me wrong. Try to justify what everybody can see in the historical numbers? I got my popcorn ready, this I gotta read.
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
07-28-2006 14:15
From: Tiger Zobel
No kidding... RBD and JB have been doing it for months... Hyping up every single point the market fell while ignoring the points it gained...

And RBD thinks we haven't noticed his game yet. :rolleyes:




Then why isn't the market moving higher day after day? Its suck and unable to get past a brick wall of Linden Dollars being sold. Why? Because there are more sellers than buyers, which translates to a valuation which cannot climb Mt. Value. Then you have to ask yourself, "How is this possible?". The answer is in the amount of new linden dollars being printed every week. Did you notice the L$10/million dollar increase from 55/million to 65/million? And where do those dollars end up? ForSale.. Thus the source behind why you have more L$ being sold than bought. Supply and Demand, read up on it...
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mcgeeb Gupte
Jolie Femme @}-,-'-,---
Join date: 17 Sep 2005
Posts: 1,152
07-28-2006 14:16
From: ReserveBank Division
I'm waiting for you to explain to my why the Linden Dollar has fallen from L$175 to its present day value of L$300ish? And why people shouldn't sell the L$? I don't need to scare anybody, the fear already exists by looking at the historical chart of the Linden Dollar... Cmon, prove me wrong. Try to justify what everybody can see in the historical numbers? I got my popcorn ready, this I gotta read.


You've been proven wrong again(see post from Tuesday telling everyone to get out at 310). Oh and its never going to see 300:1 again too, right? Better get out at 330:1, remember that?? It's just going to keep falling and falling and falling and falling.

The L$ has held steady for a while now. And when it was 250L back in the fall, that was only for a few weeks. I'm once again going to hold my L$ and wait for a month or two and see what happens. With these stipend cuts and the end of summer coming, it could possibly get better (apart from LL announcements/bugs). No hype, no predictions either :)
ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
07-28-2006 14:26
From: mcgeeb Gupte
You've been proven wrong again(see post from Tuesday telling everyone to get out at 310). Oh and its never going to see 300:1 again too, right? Better get out at 330:1, remember that?? It's just going to keep falling and falling and falling and falling.

The L$ has held steady for a while now. And when it was 250L back in the fall, that was only for a few weeks. I'm once again going to hold my L$ and wait for a month or two and see what happens. With these stipend cuts and the end of summer coming, it could possibly get better (apart from LL announcements/bugs). No hype, no predictions either :)




Mcgeeb:

Honestly... What do you think happens to the value of the currency when on June 22, 2006 the total float was L$717,618,852. As of today it is: L$756,876,645. A 5% increase in the money supply in 1/month. That translates to a 5% decline in the value of the Linden Dollar. Or I should say, Purchasing Power.

How is the L$ going to gain in value if LL is working against you by printing more money? If the money supply was static, you would be 100% right and I'd be jumping on your bandwagon. But that printing machine is killing everybody slowly.
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Tiger Zobel
hoarder
Join date: 13 Jan 2006
Posts: 391
07-28-2006 15:03
From: ReserveBank Division
Then why isn't the market moving higher day after day? Its suck and unable to get past a brick wall of Linden Dollars being sold. Why? Because there are more sellers than buyers, which translates to a valuation which cannot climb Mt. Value. Then you have to ask yourself, "How is this possible?". The answer is in the amount of new linden dollars being printed every week. Did you notice the L$10/million dollar increase from 55/million to 65/million? And where do those dollars end up? ForSale.. Thus the source behind why you have more L$ being sold than bought. Supply and Demand, read up on it...

First, why is it the total amount for sale is staying almost static? it's not gone up by L$10M over this time last month... if anything, it's been staying the same amount for months on end.

Second, since the total amount for sale is staying almost static, we can safely say they're NOT ending up for sale.

Third, since the current number of active accounts is now reaching somewhere in the region of 170k and increasing, there's one hell of a lot of demand.

Fourth, not too long ago, there was a massive block at 297... L$5M+ That got eaten through in a day. That's 20% of the total amount for sale eaten through in just one day even though people were selling over it to get theirs sold first.


Those are four facts that you ignore and insist don't exist. Facts that show just how incredibly wrong you are...
Tiger Zobel
hoarder
Join date: 13 Jan 2006
Posts: 391
07-28-2006 15:12
From: ReserveBank Division
Honestly... What do you think happens to the value of the currency when on June 22, 2006 the total float was L$717,618,852. As of today it is: L$756,876,645. A 5% increase in the money supply in 1/month. That translates to a 5% decline in the value of the Linden Dollar. Or I should say, Purchasing Power.
Honestly, what do you think happens to the value of the currency when the number of users increases by 15% a month?

That translates into a 15% increase in the demand for L$.
From: someone
How is the L$ going to gain in value if LL is working against you by printing more money? If the money supply was static, you would be 100% right and I'd be jumping on your bandwagon. But that printing machine is killing everybody slowly.

How is the L$ going to lose value if LL is working against you by allowing more residents to join? If the population was static, you'd be 100% right and I'd be jumping on your bandwagon. But that populating machine is keeping everybody alive.


The moral here is... never use only half the facts to make your point, as it'll come back to prove you wrong later...
Freyr Elvehjem
Registered User
Join date: 13 May 2006
Posts: 133
07-28-2006 15:36
From: ReserveBank Division
I'm waiting for you to explain to my why the Linden Dollar has fallen from L$175 to its present day value of L$300ish? And why people shouldn't sell the L$? I don't need to scare anybody, the fear already exists by looking at the historical chart of the Linden Dollar... Cmon, prove me wrong. Try to justify what everybody can see in the historical numbers? I got my popcorn ready, this I gotta read.

And this is your game. When no one's responding to you your posts are all SELL!!! now, or your linden dollars will be instantly worthless in a couple hours! As soon as someone calls you on your BS you switch modes to long-term this and long-term that. If you look back at my posts you'll notice I have NEVER said anything about the L$ going up or down in the long-term. Depending on what changes the Lindens make to the system, the L$ could very well be at 350:1 a few months from now. But that's just speculation. You can't possibly know what the L$ will be months from now. Yet you post in absolutes. You're the first to jump on everyone else and label what they say as speculation, but you never admit to doing the same thing yourself. That's dishonest.

As for the L$ going from 175:1 to 300:1--that doesn't matter. I'm not denying that. No one here is denying that. What I am saying is that it is wrong and very small-minded to assume that just because it's been going down (until now) that it will continue going down forever and ever. Forget small-minded...it's just downright stupid. Another reason why you can't use past data to predict future activity is because the system itself has not been constant. You have no real baseline with which you can compare the present to the past. The Lindens have changed parts the system. You're trying to use the old circumstances to justify your position...but some of those circumstances have changed.

You're not a benevolent poster who's looking out for others. If you were such a good person you wouldn't end quite a few posts with "muhahahaha" and laugh about how people will be left holding the bag. Were you a sincere poster who just wanted to discuss long-term trends you would stick to discussing long-term trends and wouldn't tell people they better sell now or they will (and you speak in absolutes like that) lose money. And were you on the up-and-up as you try to convince people that you are you certainly wouldn't tell them that once the Lindex comes back up after being down--for what the Lindens already announced were issues with their billing provider--all of their linden dollars would be worthless.

As for why people shouldn't sell when you tell them to sell...that's easy. Because if they listened to you they would consistently lose money!
Tiger Zobel
hoarder
Join date: 13 Jan 2006
Posts: 391
07-28-2006 15:54
From: Freyr Elvehjem
Another reason why you can't use past data to predict future activity is because the system itself has not been constant. You have no real baseline with which you can compare the present to the past. The Lindens have changed parts the system. You're trying to use the old circumstances to justify your position...but some of those circumstances have changed.

I've lost count of the number of times people have told RBD this... and RBD still ignores it.

I guarantee that RBD will ignore it this time too... because RBD can't keep posting the panic posts if RBD accepts that fact. More to the point, it'd mean RBD accepting that they were wrong... and that'll most likely never happen.
Freyr Elvehjem
Registered User
Join date: 13 May 2006
Posts: 133
07-28-2006 16:05
From: Tiger Zobel
I've lost count of the number of times people have told RBD this... and RBD still ignores it.

I guarantee that RBD will ignore it this time too... because RBD can't keep posting the panic posts if RBD accepts that fact. More to the point, it'd mean RBD accepting that they were wrong... and that'll most likely never happen.

I know RBD ignores it. I don't like repeating it either. The only reason I do is to keep fresh posts about the situation out there so people who aren't familiar with the situation won't only be exposed to the FUD.
Eloise Pasteur
Curious Individual
Join date: 14 Jul 2004
Posts: 1,952
07-28-2006 16:28
I was thinking about RDB (well it's a bad day in some ways, I might as well torment myself some more thinking about his BS too).

He keeps on spouting the line "there's far more L$ on sale orders than on buy orders" so it's going to fall. In fact, whilst it was declining slowly over the last 10 days or so he's been too busy screaming about it "tanking" to bother, but now it's rallying we've already had the switch to "I'm talking long term", we'll soon see this line again too I'm sure.

Yet again he's ignoring one very simple underlying fact in his otherwise (probably, can't be bothered to check) factoid. Most people (except day traders) who want to buy L$ will do so at the current best price. They need their money NOW for that dress, car, land whatever...

Most sellers (there are always a few idiots though) will sell for about the best price, they don't need it NOW, sometime in the next 10-15 hours will do OK. I managed to not be selling during the slide to 330, other than then I've always managed to sell within a few hours, usually about 2 which is good enough since I'm vaguely organised. So the day traders buy off the foolish or desparate, whilst most sellers sell on limit sales to someone who wants the money now (RDB may also claim they're the foolish or desparate too of course). When he tries to poo poo this, would he care to explain how the trading volumes remain so high when there aren't that many buy orders out there if I'm wrong?
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Maximillion Grant
Registered User
Join date: 29 Jul 2005
Posts: 172
07-28-2006 17:28
From: ReserveBank Division
I'm waiting for you to explain to my why the Linden Dollar has fallen from L$175 to its present day value of L$300ish? And why people shouldn't sell the L$? I don't need to scare anybody, the fear already exists by looking at the historical chart of the Linden Dollar... Cmon, prove me wrong. Try to justify what everybody can see in the historical numbers? I got my popcorn ready, this I gotta read.


I have the same problem! From August until January it just keep getting colder and colder. By this time next year we'll be in another ice age!!

I keep running through the streets trying to warn people but for some reason they don't believe me :(
ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
07-28-2006 20:23
From: Tiger Zobel
Honestly, what do you think happens to the value of the currency when the number of users increases by 15% a month?

That translates into a 15% increase in the demand for L$.
How is the L$ going to lose value if LL is working against you by allowing more residents to join? If the population was static, you'd be 100% right and I'd be jumping on your bandwagon. But that populating machine is keeping everybody alive.


The moral here is... never use only half the facts to make your point, as it'll come back to prove you wrong later...




Muahahahahahahahahah..... I'm just laughing. Sorry. A 15% population increase translates into a 15% demand for the Linden Dollar? And how is that? We all want to see your numbers to prove that bold face lie.
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
07-28-2006 20:27
From: Freyr Elvehjem


As for the L$ going from 175:1 to 300:1--that doesn't matter. I'm not denying that. No one here is denying that. What I am saying is that it is wrong and very small-minded to assume that just because it's been going down (until now) that it will continue going down forever and ever. Forget small-minded...it's just downright stupid. Another reason why you can't use past data to predict future activity is because the system itself has not been constant. You have no real baseline with which you can compare the present to the past. The Lindens have changed parts the system. You're trying to use the old circumstances to justify your position...but some of those circumstances have changed.



Dear Freyr:

Based on your own remarks, how is it that "now" everything is different and the L$ will begin rising, when for the last 2 years it has been falling? What data gives you the support to argue that the Linden Dollars is starting a long term upward trend? A Month, maybe 2? Muahahahahahaha... Peanuts when compared to 20+ months of declines. If you can't handle the truth, its time to click the ignore button.
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
07-28-2006 20:32
From: Freyr Elvehjem
I know RBD ignores it. I don't like repeating it either. The only reason I do is to keep fresh posts about the situation out there so people who aren't familiar with the situation won't only be exposed to the FUD.




Too late, the truth cannot be hidden by your lies of a rose colored future for the L$. Tell your story to the SLer who bought L$ in Oct 2005 at L$250 or the one who bought in Sept 2004 @ L$175. Oh wait, how about the poor soul who bought at L$275 in March 2006.

History and an unchanged LL policy to print more and more Linden Dollars. A record $65/million this month (July 2006) alone. If you know anything about Money Supply Inflation, you will one day understand what is going on. Until then, your remarks will be relegated /dev/null among the economic community.
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Maximillion Grant
Registered User
Join date: 29 Jul 2005
Posts: 172
07-28-2006 20:41
From: ReserveBank Division
Dear Freyr:

Based on your own remarks, how is it that "now" everything is different and the L$ will begin rising, when for the last 2 years it has been falling?


1 - No more dwell
2 - No more stipends for new accounts
3 - No more startup money for new accounts
4 - New premium account stipend lowered to 400
5 - Market Buys
6 - Accounts that receive no new Lindens will soon outnumber those that do
Maximillion Grant
Registered User
Join date: 29 Jul 2005
Posts: 172
07-28-2006 20:44
From: ReserveBank Division
History and an unchanged LL policy to print more and more Linden Dollars.


Huh? See above post for recent changes by Linden Lab to it's money creation policy.
Cannae Brentano
NeoTermite
Join date: 21 Apr 2006
Posts: 368
07-28-2006 20:54
From: ReserveBank Division

History and an unchanged LL policy to print more and more Linden Dollars. A record $65/million this month (July 2006) alone. If you know anything about Money Supply Inflation, you will one day understand what is going on. Until then, your remarks will be relegated /dev/null among the economic community.



You mean like the removal of dwell, basic stipends and the reduction of premium stipends from 500/week to 400/week for new accounts?
ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
07-28-2006 21:18
From: Maximillion Grant
1 - No more dwell
2 - No more stipends for new accounts
3 - No more startup money for new accounts
4 - New premium account stipend lowered to 400
5 - Market Buys
6 - Accounts that receive no new Lindens will soon outnumber those that do



And still Linden Labs Prints L$65/million New Linden Dollars, bringing the Grand Total to L$756,876,645 within 1 month. Did you say something about policy reform? Hmmmm, what you said and what is showing up in reality seem to be disconnected.

You would assume less L$ would be printed, not more. Ohh well, duped again. Hahahahahahah... What did PT Barnum say again? ahhahahaha
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Maximillion Grant
Registered User
Join date: 29 Jul 2005
Posts: 172
07-28-2006 22:03
From: ReserveBank Division
And still Linden Labs Prints L$65/million New Linden Dollars, bringing the Grand Total to L$756,876,645 within 1 month. Did you say something about policy reform? Hmmmm, what you said and what is showing up in reality seem to be disconnected.

You would assume less L$ would be printed, not more. Ohh well, duped again. Hahahahahahah... What did PT Barnum say again? ahhahahaha


You fail to point out the $24 million in sinks. Regardless, the total Lindens in circulation isn't really all that significant a number as that money is filtered through the Lindex at the rate of $10-$15 million per day or $300-450 million a month just fine.

How much of that money is being held by dormant accounts?

$756,876,645 Lindens divided by 356,233 residents = $2124 per resident. Considering how much Anshe and others must be holding that number is even smaller. Hardly panic worthy.
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