why welfare tuesday is important

welfare tuesday is important to convert tourists into resident consumers. people purchase premium accounts for stipend welfare. once they purchase premium and get their 512 land then they are hooked because land allows them to dwell and dwelling immerses them into the world. they get tied to the illusion of geography and space and enter the image race to make themselves respectable sl residents with skins and clothes and talking mammaries.

the best way content creators can protect themselves from welfare spenders is to embrace inflation/devaluation and lock themselves into some USD indexed vendor. once the the linden is trading for something like 10000L$/usd and a tshirt costs one months the stipend will no longer allow welfare bums to mooch off the creators hard work.

Ha Ha Ha... I can't WAIT until the price of Yadni's objects climbs to L$500 a box.

THAT will be great, my friends.

When L$10,000 can't even buy you a cup of McAhdoo coffee. Ha ha ha ha!

Why does it matter how many $L buy you a cup of coffee. What matters is how many USD buy you a cup of coffee. If 60 million USD are flowing into the economy instead of 8 million, then you are making more. If inlfation and a stipend is what it takes to get that money coming in, then what are you complaining about. An economic system making money compared to other economic systems is not purely a matter of how their inflation rates compare side by side. You need to be concerned with what will bring in the most USD, not with what will make 1$L worth the most. I guarantee you 1$L = 1 USD would be an extremely bad thing.

Aren't you selling that script to link prices to the Lindex?


Well, for all those who are outraged by Vendex and who are merchants themselves, Vendex is a golden, no platinum, marketing opportunity. All ads and signs that you put up should say this:

(prices)

Yesterday, Today, Tomorrow, no Vendex here.

Because the first rule of sales is keep customer trust, a merchant who changes prices every day or week will lose customer trust.

As for those merchants who say, "but it's still 1USD" I have this response. If I buy my L$ at 300/1 and the L$ drops to 350/1, am I not paying you more than 1USD when you use Vendex?

I thought that's what you charged for them anyway.

And evaporate existing player's wealth, thanks to Inflation.

Wealth is subjective. $10 to you might be a month's salary in a less fortunate part of the world.

And, of course, money can't buy love either.

Lewis

I thought stipends existed to fuel L$ threads.

But they're getting awfully inflated. We need more post sinks.

L$ is not wealth. its data.

for a pure open market capitalism, money must ciculate. stop hording L$.

Here. My contribution to the content of SL.

X

Place that on the wall and bang head on it.


The amount of $L per USD is meaningless except for one context, payment of tier. And using $L to pay some or part of tier is only releveant for those people who have more land than they are willing to pay for out of pocket.

If people are happy with the out of pocket expenses, then the falling $L is meaningless. But from what I have seen in SL so far, a lot of nice areas with good content depends on an influx of $L to pay for tier, and if those $L fall in value to USD, eventually prices will raise or content will close.

If anyone is here soley to make a buck, too bad. Its part of SL for sure, fun for some of us. But if that's all you can see in SL, then you are missing 95% of what can be done here.

L$ is a "tool" to facilitate trade in SL. Instead of bartering items, we use
L$ as our currency. Thanks to LindenX, eBay, IGE, SLEX, etc, the Linden Dollar
has a pair value with the US Dollar. Because of this pairing, L$ Wealth can
equal US$ Wealth.

If I said, "Here you go Jauani, here is L$50,000,000/million Linden Dollars).
You know your mouth would drool, because it can be converted into
US$150,000 at today's exchange rate. So you might see it as "data", but
it is very valuable "data".

Forgot, some people charge $L for their time they spend on comissioned builds and art projects (furry avs and such). Granted the thousands of $L made through those means are usually adjusted for inflation and cashed out right away.

we might use it as a currency. however,

1> according to the TOS, it is worthless data.
2> LL creates "50k USD worth" every week.

therefore, holding on to large amounts of L$ is a loss leader. cash out, flip L$, or alternatively move it into something in SL that could generate L$ at a faster rate then inflation.

resevoir, you wouldn't have so much criticism for LL's devaluation policy if you could disillusion yourself from this immersive L$ is wealth hoodwink LL has pulled on you.

also, anyone who has been posting that the L$ is doing fine or it will rebound is likely acting out of greed and trying to reduce competition on the sell side of the Lindex for their own L$ sales.

I'm gonna marry you one day, you just don't know it.

Oh noes, another SL SCANDAL!!!!!!!

ha ha ha ha

Silly person! Of course you can't wait. Cuz I don't think people can age that much without getting very much dead.

I'm sure YadNi, myself, and like many other honest freebie providers, will outlast you.

or a sadly disillusioned fool.

You're just mad because they weren't dumb enough to pay you hundreds for your freebies.

"Why does it matter how many $L buy you a cup of coffee. What matters is how many USD buy you a cup of coffee."

No, what matters is the rate at which the value of the $L changes. It's not good for consumers if their Lindens halve in value between them buying the Lindens and trying to spend them. Ditto for people earning Lindens.

Musuko.