L$4,000,000 @ L$315

The L$4/million @ L$315 means there is a huge brick
wall that buyers have to get through to raise the value
of the Linden Dollar. I don't see it happening.

As such, L$315 will become the new bottom and the
L$ will begin its decline from here... Don't forget,
Stipend Day is tomorrow and that chucks another
L$12/million into SL, which will find its way onto
LindenX forsale.. Thanks LL for the L$ Glut...

You need US$13,000+ to buy up the L$4/million on the market
at L$315...

L$315 / US$1.00 48 L$4,146,493

I'll guarantee you that that L$4 million didn't come from some basic account just saving stipends too. It came from one of the big SL businesses (don't ask me which, I dunno)... So stop blaming the stipends for problems of your own making.

Hey everybody, its RBD and he's got something to say!

No, wait, it just seems to be the same thing. Nevermind

I love this. I can buy so much more L$ with my real money

Yes, let's not forget that it can only be a big business - such as a land baron - cashing out such huge lumps like that.

THAT is what is disrupting the economy and causing problems. Now if people didn't rent, and paid LL directly instead in US$ instead of paying a land baron L$, then we wouldn't have all these problems.

Stipends are not, and never have been, the problem. It's big businesses.

Lewis

The osteriches are already denying it.

Repeat after me: "The is no problem" - Congratulations! You are now an osterich.

The funny thing about extremists is, they're rarely right to the degree they believe they are. Its like the 'Y2K' bug, all over again.

You guys have to work on your 'spin' though, the same subject lines tip us off every time

No. You're someone for whom a falling Linden isn't a problem.
Don't you get that yet ?

Will you PLEASE learn how to spell ostrich, Jamie? It's driving me f*cking nuts.

The problem is someone else's fault not mine. Somebody else should pay to sort out this mess, which isn't my fault. The problem will go away, and when it doesn't it will be because of someone else's behaviour. My judgement is sound, such as my brilliant prediction that the Linden won't lose 20% of its value in a six-month period, and can be trusted to accurately identify a problem I believe doesn't exist and if it did, doesn't implicate me.
My other friends causing the problem agree that it isn't us/me causing the problem and is the fault of somebody else, probably those people who say the problem is down to us/me.
These other people who are causing the problem are few in number and therefore much easier to blame.

Btw Where is the all-purpose "I love my stipend regardless of what this thread is about" Jonas post? Is your auto-send function on the blink? I am concerned for his welfare. Hang on, no actually I don't give a toss. I hope he has asphyxiated himself with his own mouse lead....

Aww so glad you care. Now come to daddy for your hug!

Really, you act as if your opinion affects my perception of self.

I haven't replied yet because the thread is yet another trolling one..

I propose we invest in a sim with a 40m sand terrain and move all these ostriches there. Then they can permanently bury their heads in SL "sand".

Did you ever ask yourself what a land baron does with his L$ ? He has to sell them to get the US$ to pay Linden Labs for more sims and tier each month. Or do you think they should just let the L$ accumulate and use their personal finances for this? Those US$ are not going into someone's pockets but to the Lindens and to pay salaries to real world employees of the land barons. Is it that difficult to understand that ? What is this term "big business" ? Have you any idea how really small these businesses are ? The biggest one is responsible for $200000 a year in revenue. Guess who most of that goes to? Linden Labs !

There is only one big business, relatively speaking, and that's Linden labs who hopes to get bigger and bigger and eventually pay off handsomely for the capital venture investors in that business. It's time to reduce stipends to a level that can be sustained by the growing premium accounts. I would also allow basic members to buy land. Only then will we see a better balance in the economy and a sustainable growth in L$.

Lets hope Linden Labs doesn't rely on SUBSCRIPTIONS to remain profitable then as you've just removed ANY reason to be premium over basic.

Nobody's forcing them to employ people - if their business is too big for them to handle, at least consider using other residents rather than making a chinese sweatshop and paying peanuts.



$200,000 is HUGE when you consider the context of the business, ie a computer game.



So what? It's their game. If you weren't making a profit, much more would go to LL.



Screw the venture capitalists... they aren't the ones playing Second Life.



That makes no reason to go premium. There should be MORE reasons to go premium, not less. Any sane person realises that 100 people paying $10 month after month is more reliable than a one off $1000 payment that may not happen for another 6 months, or ever again.

Lewis

Just wondering whether you have any kind of script/wizard for generating these posts?

They seem very redundant, the only changing data is the numbers, eg: 315, 4, etc.

BTW, the monthly stipend is about 2170 L$, or about 6.8 USD at the L$ 315/USD rate.
Let's deduct some selling and transactions costs (3%), we got 6.59 USD/month.

The yearly SL account is 72 USD, that's 6 USD/month. So it's about 59 cents/month/account profit that one can realize. Doesn't seem much, and it shrinks more and more, to the point that speculative ppl (who just hold premium accounds for the money) will actually start losing money, and thus quit the speculation and money market.

Though I doubt there are that much speculative accounts around.

You are also brilliant.

Thank god we have people in SL who understand and are not osteriches.

I think that is a tad insulting Lewis but I have grown to expect that from you. I presume you suffer from a type of Torrects syndrome as well as being intellectually challenged. But it is a cross you have to bear so in the interests of comradeship allow me to enlighten you.

First of all you tell us it is a game but get cross when somebody is making a passable first life income from this platform.

With regard to your comments regarding employing Chinese people their wages do depend on what is deemed an acceptable income to live, eat, and look after the family in China. Anshe is Chinese, as we know from first life media sources so I assume she can judge what is acceptable for her fellow countrymen/women

If Anshe's Chungs organisation was not renting Sims from Linden, there would be no additional profit due to Linden, in fact the withdrawal of the Dreamland organisation could cause Linden Labs to have real financial problems as the loss of the rental income from Dreamland would impact on their profit line.

Finally venture/vulture capitalists or private equity has been the main source of funding for Linden Labs since the dawn of Second Life. Without them there would be no Second Life platform

It sounds to me like on one side you are arguing for a communist model in sl and on the other side there is what we have now a capitalist model.
Surly if Linden labs are the one to benefit that is a good thing.
It means that sl continues to exists and improve.

Actually let's start a big sim with walls all the way around so you ppl selling huge blocks at low prices can go batle one another and leave the rest of us alone. It's the panic selling at a low price in conjunction with a few individuals who are trying to manipulate the market that are doing this. I wonder which category you fall into anyway. Doesn't really matter since you're just yet another of the " Lindens, listen to our lies so we can force ppl to buy our L's" folks.

And while we're at it, let's throw the sharks reselling free content to new ppl into that walled off sandbox.

Horay!!! Capitalism Wins Again....

I just don't get it. Why post 4 million Lindens in the first place if you want to sell that much. So far as predicted, none of it has sold and anyone with with a brains knows it won't be touched. I'm sure it was just one big landlord too and not just a bunch of sellers saying, hey, lets all sell at 315 today. Instead of creating such a high mountain to climb, sell in smaller pieces throughout the month and get better results.

It's being done deliberately to drive the price down in the short term, and make people panic. That way they can buy up when peoople undersell (sice it's the only way to sell) gaining more control of the market. It also gives them an excuse to say "zomg look, the sky is falling -- people are selling their lindens" and blame basic members who have L$50 a week, when they make hundreds of thousands per week, and cash it all out...
They say it's capitalism... it's actually the reason why monopolistic / cartel practices are illegal in the real world.

Actually your comments are rather more personal and insulting, so I would suggest that you leave your amateur psychology to someone who actually cares.



Not cross, just irritated that my game is being negatively impacted by them.



Ah yes.... outsourcing for cheap overseas labour, whilst ignoring the needs of your own country. Fantastic.



If Anshe Chung's organisation didn't exist in the first place, LL wouldn't have had to buy all those extra computers to host them all - now it would be a problem if she finally left, but it wouldn't be a problem if she hadn't existed in the first place.



LL will never be able to stand on its own two feet as an independent profitable company without a change of tactic and quite possibly a change of leadership into a more businesslike structure. It is rather difficult to take seriously a CEO who insists on wearing a chainmail codpiece.

Lewis