Thank you, LL...

Well if the majority of people at the next town a hall have placards and every question is "when are you putting the stipend back" he cant ignore it.

I think your all looking at this in the wrong light, forgive me if im a silve rlining kinda guy, but why does 50 l matter? you think somone who logs in for 50 ls is making any difference in your sells?? caus trust me i had a basic account 50 ls is nothing even when i sat on linden givers or attepmted to win it, still didnt make much.

I think instead of focusing all your time on complaining why not spend that time thinking of new ways for noobies to earn money. Why not have avi who can "sell" your content. by "sell" i mean they get a finders fee for finding big "Sex clubs" as you mentioned and sell them a pacage deal.

I figure them noobies who come in and dont get 50 a week, they arent even gonna know and ya know what if free accounts dwindle thats all the non player accounts people used for sadly getting free lindens.

I belive the #1 biggest reason sl is doomed, is the new "Buyers" market system. if enough buyers post they wanna buy at 1000 eventually the rest will either get what they asked leaving these 1000 orders left or they will follow along. I think the # 1 stupidest thing happening right now is not stipend cuts cause in the long run 50 lindens for each new account, thats nothing nothing at all. the problem is sl is devalueing the linden buy making it all pull (buyers order) and no push (sellers order)

anyways i figured id just ramble on cause i went to sell 50k on the market and they wanted to sell them for about 360/1 dollar even though it said 328/1 dollar

To finish it off, stipeds suck look at the econ sinks and supplys its the biggest fre money situation. and hell if people want free money they can buy a premi account.

Some people really think it will make any difference in the whole SL economy.
They are strongly wrong.

Its about reducing barriers to new members. Buying L$ is a big step and you have to get into SL a little in order to trust LL enough to do that.

I call it something else, a Pretend Economy and I wonder why people take it so seriously.

If you want to sell things, and work with exchange rates

Do it in the Real world. Leave Second Life for those of us who want to go somewhere where we are not constantly reminded of the Conservative Work Ethic or Conservative economic models.

Oh yes, 15 cents is a lot of money.

Times hundreds, thousands.. Yes it is....

.15 X 1000 users = 150 bucks.


150 bucks is nothing. try again

RBD, if you think real world analogies hold true and the application of your economic theory is the correct way to solve the problem here answer me this:

You live in a "country" whose "government" doesn't accept its own currency for the payment of "taxes". What's wrong with this picture ?

You're barking up the wrong tree and making yourself look foolish.

Only if you're alt farming.

So... got a picture of your bank of computers where you do this?

Lewis

But this change doesn't address that problem at all! it just slaps the new users in the face - harhar - should have joined yesterday!

What should have been done is every basic gets a 50L stipend each week for XX weeks, after that your expected to have worked out how to make your own money or how to buy it.

If that had been done and applied to all Basics, the much attacked basic account stipend would be no longer be a problem in exactly XX weeks. In fact, with this kind of system the basic stipend could even be increased.

Especially if they made it so you only got stipend once per credit card, that would kill all the people using basic accounts as farms.

I agree completely with this. I told myself when the first stipend cut took place I'd start saving my $L's. I'll definitely be purchasing ALOT less in-world. Unless I can manage to get a successful business going sometime soon.

hm, just going to throw a few thoughts into the feeding frenzy here.

I don't think Premium acct stipends are the problem. For one, your account membership pays for that stipend in US dollars, and it makes it possible for people to do inworld content without having to go and buy extra - a lot of that stipend money goes right back into upload fees.

I've watched the current devaluation with interest, and its pretty obvious to me that market manipulation is going on. People are abusing the Limit Buy feature. Not only that, the newbie cannot see in the Basic interface, how much their lindens are selling for. So people are placing much higher Limit Buys, taking advantage of people using Market Sell, then turning around and placing that money back on the exchange for a lower rate using Limit Sell, making a small profit for doing nothing but ripping the unwary off.

I checked it. I looked at Market sell, then compared it to Limit Sell at the going rate. There was a pretty wide spread, there. People are ripping newbies off here and causing the market to go down.

It's simple really. There are more currency speculators on the Lindex than there are actual people investing US dollar into Linden to spend inworld, for inworld content, land, etc. As long as that's the case, expect the Linden to continue to tank.

ta ta folks

Cause for a lot of people that "pretend" economy is being used to cover the at times over $100US fee that they are charged by LL in land tiers. If the "pretend" economy continues to crash, then instead of people complaining about loosing their stippends leaving, you'll see people who own land and islands leaving. Place might get quite a bit smaller and quite a bit more abandoned.

You get anywhere from $500L to a loss on the spread ritht now. People in Limit Buys are undercutting each other just as they are and have been on Limit Sells. Nothing new here.

Yes. Right now competition is working to give you the best value possible on the market sells. If you compete with the best price offered, you'll make a loss, most likely, and if there's a profit, you need to be buying in a pretty large volume to make it. Right now you'll see the people with the biggest volumes making the best offers largely. Take away that 3.5% fee Linden charges on selling, and you'll find people are offering almost the same price as the highest limit sell price.

Quite simply, if there was demand for the Linden dollar, people wouldn't be undercutting. They wouldn't have to, there would be buyers competing with each other on price to buy Lindens. The fact that people are 'undercutting' to sell their Lindens, demonstrates that supply exceeds demand, regardless of what your opinion on stipends is.

After reading so many of the responses here and being a some what new SL member, what I’m reading here is some what of a laugh. LL’s trying to do the best to balance users having the ability to create the content and still make enough to run the system. Part of that is you have to make rules you know are only going to last till things are stable and become a large enough scale to be self sustaining or better yet a profit making business. This has to happen above all else or there would be no reason for LL to keep SL operating. So you have the sides of content creators making things to with the intent of making a profit (that’s not a dirty word) and the users of the content trying not to spend real $ to enjoy the content.

That is the real rub here, not what LL gives out as enticements, but the ability of content makers to pull in L$ or better yet, make US$. But content users are trying not to spend a bunch of real money to play. L$50 is just a joke to argue about. You’re looking at months of spending nothing and logging on each week to get enough to buy one decent AV. Under that theory, your expecting some one to log about 16 times, never spend a L$ to get one AV and maybe hunt down some free clothing.

The real thing is users have to log on and pump real US$ into the system to make it work. There will be only a few that make big bucks selling things, the rest need to know to be content to maybe make enough $L to cover some of what there spending in GAME! If some one is logging in to a free account, never adding real US$ to it, then you can never, ever make money as a content maker.

In one article it was talking about how some one was making enough on SL to live on. So let’s say that’s US$1,000/month. That means you need 100 content users to pay in US$, $10/month to support that one content provider. From some of the number I have heard bantered about, it’s far more than that taken out each month. So if your looking to make L$ or US$, start by looking how you will invest and entice users to put US$ into SL, LL can’t do it for you without having to charge far more to give you that opportunity. It’s just like the real world business.

Ridiculous. The L$ was already headed to 500 / 1 with current economic policies. The reduction of the stipend will at least stem some of the Linden federal deficits.

Thats less than 20 cents per week USD. Good god man, unless they are living in some third world nation (with a hyperspeed internet connection and good computer) its peanuts.

Get over it.

Exactly - it peanuts - this change will do nothing for the economy. it will have an impact on newbies where 50L (believe it or not) actually matters.

Please note that this is effecting NEWLY created basic accounts. Not existing. And camping chairs are still out there.

And just cause someone's not logged into sl doesnt mean they cant visit SLE or SLB etc

I agree. If there were a time limit on account stipends it would be a solution.

Adding removal of the ability to join a group from Basic accounts, as an incentive to go premium, would also disrupt a lot of the land renters who would suddenly find going premium isn't a bad deal after all.

There... we have a good solution where everyone wins except a couple of land barons. Perfect, no?

Lewis

NO! cause then i wouldnt be able to have my "Kinky as F$ck" title up

And that would be a bad thing? *raises eyebrow*

Comrade Lewis