Tie Stipend Payments to Lindex?

Hello, I signed up for a premium account for a year. The problem is when I first joined, the 500 per week stipend was worth a lot more than it is now. I think that Linden Labs should tie the weekly stipend to the Lindex rate. That way, if the value of the linden money falls, we all get more stipend that week.

Also, the amount paid should never fall under 500 per week.

What do you think? Will this cure the recent fall?

Actually, I've suggested this before. I agree that indexing the premium stipend to the Lindex is a good idea.

However, to address the money supply issue and its affect on currency devaluation, it needs to be an inverse relationship. So, for example, as the Linden increases (i.e., drops in value to the US dollar), the stipend should correspondingly drop. As the Linden decreases (i.e., increases in value to the US dollar), the stipend should increase. But the stipend should never go above L$500.

At what rate should the inverse relationship rise and fall, I'm not sure. That is for economists to figure out. But, at about $364 Lindens to the US dollar, the stipend should be zero.

The reverse should be true as premiums pay for their stipends. It should never go -below- 500L. perhaps at 1000l = 1USD the cap should be 1000L stipends.

Or they could just calculate the average 'buy' rate and multiply it by 5, breaking that result into 4 weekly payments.

The issue here is that as more money (L$) is added to an economy whose currency is devaluing, the situation gets worse, not better. Therefore, an inverse index would directly address the devaluating currency.

But it wouldn't address that the premiums have paid for their stipends, and were guaranteed 500 a week in that agreement.

I signed up to the agreement of 500 lindens a week. Not an amount based on the fluctuations of a market I don't use.

While introducing more money into the economy can lead to the currency going down there are many other factors causing it for LL. People having tier they cant afford and need to rush to pay on a monthly basis being one of the more major factors.

No. Printing more money when money is worth less will only accellerate the rate of devaluation.

Oh, I agree with you, Jonas. There is a real contractual issue here.

My suggestion is simply theoretical in nature. Until the TOS is changed in such a way that clearly gives ample and fair warning to current premium account holders, any changes to the stipend allowance cannot be made.

That is, of course, the reasons that I spearheaded a voluntary end to stipends. Most people fail to understand that, instead lumping me into a group of greedy currency traders.

I have no interest in forcing LL (assuming that were even possible) to cut stipends across the board. It goes against the contract. Also, I have no interest in ending stipends. I think they should eventually be reduced in a manner that is equitable and healthy for the economy, but some degree of stipends are necessary for this type of a realm.

As long as there is some compensation, such a s lowered premium fees, or more 'free' teir, then I'd say its equitable.

So, you want me to pay the same amount of real dollars each month for a static, but worth less each month, 500 linden dollars?

Anyone can see that this won't work. People will stop being premium.

" Also, the amount paid should never fall under 500 per week. "

Translation: I want all the benefits of the changing market, but none of the risks! Gimme gimme!

Musuko.

No, I'm not saying "Gimme".

I'm saying I want a fair deal. Thats all.

You are saying "Gimme". At the moment, LL is giving you more in stipend than you pay in tier. Additionally, LL give you cut-price land which can be sold on at a profit, or used to generate cash through dwell and user-generated content. They charge you no tier on that land. Additionally, people work the referral system and get even more free cash.

It is not really possible to lose out on the deal even in the falling Linden climate. New sign-ups are essentially getting free cash, albeit in a slightly more complicated manner than that implies. You can sign-up quite a few free accounts through family, friends and so on and make some money at LL's expense. And now you want LL to guarantee that set-up forever and lock in your profit at the cost of any pretense of economic stability. Even internet casinos don't give away that much free cash and they have a very good chance of getting it back from clueless gamblers.

Hell, I could use the extra cash. But it is not a sustainable business model unless you think the average SL-er is going to generate more cash for LL long-term than they are given. Most SL-ers are freeloaders, so I doubt that would happen.

500L a week is basically nothing anyway, the main benefit to being premium is being able to own land, that and the 512sqm of tier is more than enough to justify the low price of being premium.

Hello, I signed up for a premium account for a year. The problem is when I first joined, the 500 per week stipend was worth a lot more than it is now. I think that Linden Labs should tie the weekly stipend to the Lindex rate. That way, if the value of the linden money falls, we all get more stipend that week.

Also, the amount paid should never fall under 500 per week.

What do you think? Will this cure the recent fall?

No. Printing more money when money is worth less will only accellerate the rate of devaluation.

1. I am saying I signed up with the agreement of 500 lindens a week. Provide that until the end of the contract, and compensate then, or I can go basic.

2. Basics don't get any money now. Period. No starting 250, no stipend.

You're wrong on both counts.

The original poster was asking for the payment to be tied to the Lindex. Under the contract
he is entitled to 500L , no more no less. That is not being debated.
As bloody usual, your pointless whining is completely irrelevant to the thread. Do you just get a bot to do it for you now?