LindeX "attacked" again

Ok.... I log in at 'home' and fly up a bit to above my property.

Across the road to the NW was a porn club. That's now gone.

Head two plots SW and we have a club that offers strippers and porn.

Fly past them and cross the road again where it loops.... there's a property named after male genitalia that sells all sorts of sex related attachments.

Granted, it's "Mature" land... but "Mature should not automatically equal porn, should it?

Lewis

Well it sounds like your home sim may have a lot of porn, but that doesn't mean SL as a whole is mostly trashy porn. It might be time for you to move.

To this point Jesrad, someone sold 959L$ for 1usd. How is that for escalation?

The LindenX market (if one can even call it that) needs some kind of oversight board that doesn't just consist of LL, but the members of SL who actually make the money flow and allow SL to get that nice 3.5% on the transactions.

No way.

LindeX needs "Buy at rate: X" option so that residents can lodge buy orders that automatically catch any "sell at rate + 10" offers. That would reinstate some symmetry in the currently asmmetric buy/sell process.

Lemme unroll the scenarios:
Act 1, scene 1: Joe Business wants to sell his L$, Moe business wants to sell L$ too, Joe Bling wants to buy some L$, and Dead Cow wants to blast the exchange rate up:
- Joe Business puts 100k L$ for sale at "rate".
- Dead Cow puts 10k L$ for sale at "rate + 9"
- Dead Cow puts 10k L$ for sale at "rate + 14"
- Moe Business arrives after Dead Cow, but before Joe Bling, and puts his L$ for sale at "rate + 14" (default rate on the Sell page at the moment, artificially inflated)
- Joe Bling buys the L$ at "rate + 14"

This is basically what has been happening lately, over the course of a week (from Saturday early morning to the next Saturday). Huge rate gaps between the "stashes" of L$ being offered.

Act 1, Scene 2: the same people
- Joe Business hasn't sold any L$, so he rises the rate of his offer to "rate + 15" to sell faster
- Dead Cow puts some 10k L$ for sale at "rate + 23"
- This time Joe Bling buys the 10k L$
- Moe business puts more L$ for sale at "rate + 15"
- Dead Cow shrugs (or laughs)

This is what's happening now.

Act 2, Scene 1: same people, but with "Buy at rate X" orders
- Joe Business puts his L$ for sale at "rate", and passes a buy order at "rate + 20"
- Dead Cow puts 10k L$ for sale at "rate + 15"
- Dead Cow puts 10k L$ for sale at "rate + 30", immediately bought at "rate + 20" by Joe Business
- Dead Cow curses
- Joe Bling buys the 10k L$ at "rate + 15"
- Moe Business puts his L$ for sale at "rate"

Here the rate doesn't rise. Makes sense ?

Thankfully the trashy place is far enough for me not to have to see from my land. I like my location, have great neighbours on all sides, and don't see why I should have to sell up just because someone wants the trashy junk as their property.

The sex shop/club is only popular because of the camping chairs/dance pads so I'm guessing that once DI goes, they will either cut back seriously or quit. At least, that's my hope.

Lewis

dang the linden dipped to a low of 289L/1USD today. anytime & 300L/1USD may be a reality...

Where did 4,000,000 lindens come from listed at 280? This happened between 1am and 5am SL time. I really don't understand who could list that much as we're only allowed to sell 2000 USD a month. I mean wow, 13,000 dollars in the middle of the night.

There are many different "levels" of dealers at the LindeX, mc. If your business requires it you can upgrade by sending an email to the Lindens.

And, as you could see, while there still was a Leaderboard, there are quite a few residents who had (and probably still have) more than 4 million in their accounts - openly and not counting those who distribute it between more than one alt.

And when you care to look at all the information in the listing, you will see that there are 38 offers which together constitute the whole sum ...

You seem to be forgetting that this is exactly what we had at GOM and the rate still dropped from $4.25 to $3.20 per L$1000 in a couple of months...

The reason the rate continues to drop is simply supply and demand. If people were buying faster than others could place sell orders then the L$ value would increase and the amount available on LindeX would gradually (or quickly) dry up.

In other words, if for every 10k L$ that Dead Cow sells at "rate + 15" Joe Bling wants to buy 11k L$, Joe will get 10k at "rate + 15" and a further 1k at "rate", reducing overall supply.
Dead Cow may well put another 10k at "rate + 15" but as long as Jane Bling wants 11k it's not a problem. It simply means Dead Cow lost out by selling cheaper than s/he could have...


Supply and demand.

That pretty much sums up my thoughts. Also like other folks said here the L$ that is directly bought from the company goes back into the company directly. It is a better to put the money directly back into the system then go outside.

Oh if you do not think that people will go outside the system for L$, your sadly mistaken. At least Linden with the L$ exchange Linden has some measure of control of what they want the market L$ value to be at.

This of course gives builders, scripters, and service people confidence in whatever they do will have some value to it in the end. Not to mention it gives those who wish to sell or buy L$ an easier way to do it so as not to create a glut of cash floating around within the market. Also an easier way to offset real costs like land tier for those who devlope the hot spots of SL and it keeps those places there that have so much interest.

Many, like me, still waiting to sell their L$s, when our hopes end about L$ to reach it is normal value, we (at least me) will QUICK sell too.
I didnt like what is happening atm.
Maybe
-> One VERY BIG L$ holder is leaving the game SILENTLY.

or

-> LL's L$ management was REALLY bad, still L$ block in the game is OVERELOADED


I dont know which is worse.

I'm sorry but most of what you say here is factually wrong.
"The Company" does not buy or sell L$ in any way, shape or form. All the L$ you see for sale on LindeX are for sale by residents, not LL.
No. LL has no control at all over the price you choose to place your L$ for sale.

You're missing out on one thing I think... The L$ fluctuates on a weekly cycle: L$ are put for sale during the weekdays, and sell out during the week end. Additionnally, sellers often cancel their orders to put the L$ for sale at the revised rate during the "climbing" time. This means that putting a given amount of L$ for sale at inflated rates brings the rate higher than selling the same amount of L$ reduces the rate, in the end. Of course if there were more L$ bought than sold, the rate would still decrease. I still think however that the rate is climbing much faster than it should given crrent supply and demand...

There have been major discussions on other threads regarding the possibility of a set-rate economy. I have for ages been a proponent of establishing the L$ at a flat rate of L250/$1 (or US$4 per L1000). Buyers would buy at this amount, and sellers would sell at this amount with LL taking a small percentage to cover costs.

The idea you brought up above that this couldn't work because other people would undersell LL is valid to an extent. But those people would quickly run out of L$ to sell. Can't sell porkchops at $1 a pound if you don't have porkchops. People would tend to buy from Linden Lab because of the ease of use, and in many cases even a loyalty factor. Sellers would be nuts to sell their L$ for $3.50 elsewhere when they could get $4.00 on LindeX. After some initial short-term battles, the market would predictably stabilize in a very short time, especially if LL exerted some pressure or incentive to start with. For example, to counteract other markets, for a limited time LL could offer to throw in a 10% increase in L$ for each sale, forcing the other marketers to abandon their price-cutting tactics. Then later on LL could remove the resulting L$ glut by implementing adequate sink policies.

In addition, it would clearly be to the advantage of other L$ marketers to immediately sell their own L$ on LindeX and abandon L$ exchange activities altogether. If they sell at L$4/1000 they'll make a profit. After that, LindeX would have a clear market advantage that others probably just wouldn't want to mess with.

As far as "As soon as L$ could be sold for a higher price elsewhere, sellers would go there"... in order for L$ to sell for a higher price elsewhere, you have to have buyers elsewhere willing to pay that higher price. What buyer in his/her right mind would pay $4.25 for L$ elsewhere when they can get them for $4 on LindeX?

The set rate would fluxuate according to RL economy. If the RL$ inflates, so would the L$. If it deflates, so would the L$. This would maintain a proper L$ to RL$ ratio.

There has been all kinds of opposition to this idea, usually accompanied by emotionalistic claims of "freedom" and "buyer market" and even "communism", but thus far, in all the multitude of objections, no one has presented a valid, logical reason such a concept would not work. Since this idea keeps appearing on the board, it's apparent that more than just a couple of people think this would be something good to try.

It keeps appearing on this board because 2 or 3 people keep posting it. You are one of them. The reason why it won't work has been presented calmly and logically over and over again by many different posters. Just because you won't accept the logic of these arguments doesn't make them emotional claims.

I would guess that most of these people are buyers, as this is worst idea I have ever heard. Lets look at this, you say no one would compete but if they drop it 2% just to pull the traffic it could cause a pricing war and really cause the bottom to fall out. This can be achived by adjusting fees, so the end seller get the same or more $/L then if they sold at Linden site. As for drying up you must not understand the concept of money exchanges, because the simple truth is if it dries up the economy is dead. The linden $ sold on these other exchanges it by merchants who sell items in SL, these people are looking for the best way to move lindens to cash and if that means using mutilple site then they will do it. I dont care what lala world you live in this is a bad idea. If the market is forcing the linden down then Linden Labs need to figure out why.

Maybe fix some of the bugs that have people playing less. And dont give me this bs about numbers being up! Look at the online count at any time, and you will see at the same time users enrolled has increased by 300% that users on line at any one time has only increased by 50%! Can you say alts! Or even worse, people try it and say this sucks! When some sims are crashing 10 times a day and linden labs can not even tell the owner why it makes them look lost. Also, when they put out patches and the number 1 issue on the list is "made easier to buy lindens in client" they start to show what they are really after! I know I for one have spent much less time in since the 1.8.3 patch because performance has gotten so bad on the client. I also know some owners of large land that may be leaving as they are just tired of lindens saying "to bad" when the sims go down. Lets look at this if linden labs wants to charge someone $200 USD per a month for a sim, they should get a SLA. It is my understanding that there is no SLA, and they if you own a sim and its down 17 times a day plumiting your traffic into the ground the answer is "we will look into it" translated "sucks to be you".

O well thats enough of a rant, better stop before I get banned from the boards.


Long live socialism!