Buying and Selling Prefrences

ya know when GOM was open everything was bought and sold in blocks of 1k. personally i liked it better. There was far less confusion and the market stayed more stable. you see the real numbers.

seeing the market 320 per $1
seeing the market US$3.21 per 1000L (blocks)

those of you that were not here before lindex opened, you should know that the market was average $4us dollars per block. it maybe only a few cents in small incriments but when you have 25k or more to sell you see the gap and loss.

I had to explain to a few people more then once how the 320 per dollar works. they just get confused. seeing the actual number per block is the best and easiest way IMHO.

I am starting this post and poll to see what your personal prefrences are. Maybe it would encourge LL to see which way the people of Second Life want to trade.

The Lindex had just started when I joined, so I never got to use GOM, but I find the current system easy enough. I'm fine with how it is. Obviously though, not having used GOM, I can't say whether or not that was easier to follow.

edit: your poll's up now... either way's the same to me...

for many of us that used GOM it was far eaiser to follow and explain to anyone new.

I voted for "Exchange Rate in L$ / US$1.00 - 320L" , easy enough to use for me.
But the main point behind my vote is; every change to lindex is making L$ to go down.
It has a tendency to go down lol

Yes I can see how the GOM way is quicker to comprehend looking at it, but I like seeing it expressed as how much per dollar.

Even though I wasnt here before they changed it somehow. I have had people explaining the way they do it now and it is very hard to compute for those of us who only sell lindens.
The Block way is way better in my opinion. That is easy enough to understand saying one block which is 1000Linden is worth $ 3.21 then this other way.
Not only that but how the way the value for buyers affects the value for sellers is very confusing at least. There has to be an easier way to deal with all this.

DestinysDilemma Majestic

see? some get confused lol

I have to agree with you on GOM, it was an easier setup and far easier to use and by the looks of things so far in the polling its coming out the clear winner. GOM was easier to explain to newer residents and you didn't need to have a degree to try to explain it to them lol

However, after seeing things suggested in the forums since I began and the actual amount of those suggestions adopted by LL its a slim chance, if any, that the residents ever get the benefits of some of the more valuable ones out there.

I still think if LL would implement making us have to "eat" (30 days and older) and have to buy the "food" off of them, there would be a great money sink for LL.



*goes back to hitting head on desk*

$1000L blocks definitely make things easier for Italians, I'm sure, since it's Uno Mille Lire... I mean Linden. Their curency is divisible in 1000's. Easier for me to count that way, soo, I I voted accordingly.

Payin 200 a month tier on an island is a struggle with the decrease in linden dollars on a steady constant decline. I miss the days of GOM when almost any day you could go on and get 4 usd for 1k linden dollars.

This new exchange system I can't even keep up with. Two weeks ago I sold for less than 312 per 1.00, today I go to sell some and I can't even put the 312 in there. I had to sell at the BUYERS price.

Oh tragedy! You mean you had to sell what the buyer was willignt o pay? ZOMG, thats so wrong! I mean, its like the buyers set the value or something!

[/sarcasm]

Oh no! She had to sell at Buyers Price. Good job she never had to buy L$ or she would have to buy them at sellers price. This is not fair.

ya'll flaming here. hate to tell ya but we all with big business had to buy lindens too it's call investment, way higher price then your spoiled prices now! I've bought thousands of real dollars worth in Lindens (not including buying sims) here when i first started business. setting closer to 250L per dollar. ya just dont know how lucky u are to buy at the prices these days while the designers that make SL what it is keep the old honest prices of last year. (gets a feeling of major price increases in rents and clothes)

wanna know why we have big business, we bought to invest and work hard for what we got.

I didnt start this post for your flaming and sarcasms, only for your opinions, dont shoot people for their views because they dont match yours it only make you look stupid and childish.

Dont forgot all content creators work hard here, if you dont appreciate it quit SL.

The block method would be so much easier....thanks for bringing this up!

Hugs

I voted for the blocks GOM had a very easy and user friendly interface. Lindenx can be complicated. Being an experienced buyer and seller of lindens I have to say the way GOM did it was far better then the way its done on LindenX.

however the way LL has the whole money system set up is geared towards X amount of lindens to 1 us$. if you don't have any lindends in your account and you try to purchase something you get a pop up asking if you would like to buy lindens. just the exact amount of lindens you need to buy the item you wanting to buy. I don't think that would work with blocks .

Blocks

Back in the early days of GOM it was blocks of 250L$

I voted for block I look at the system now and it makes my head spin I absolutley can not stand it.

I have to agree with Katana on this, I have had SEVERAL *new to L$ sellers* ask me HOW to sell their linden. It is confusing to some people. I think selling in blocks makes perfect sense, since that is usually how most people buy them anyway. I've never purchased 5,201 L$ or anything like that..it's always been flat blocks of 1k. But that's me, and my opinion.
I really don't know if this would solve any of these *issues* or not, but I do think it can't HURT! It would certainly be less confusing for those who don't totally understand.
Yes markets fluctuate, but this is on a steady roll up up and away...
I used to be *unhappy* over selling at 275-280 per $1.00 LOL

ok so theres my two cents - wait if i keep that i can prolly buy 1k with it soon!

Definately Blocks! And I think that new idea of showing how many buyers want to buy at a certain rate is not a very good idea...

Good for L$. Plz keep giving up selling L$, it d help.

so do you have an opinion which option you find easier and like and why? or just want to make fun of others?

This thread made me start thinking back to the days of the original economy system here in Second Life. Back when the economy was but a baby, you had what you had, and got taxed for it too. Yes we once had a tax man here in Second Life, and everything you did here was taxed to a point. To give you an idea on how confusing it was I'll give you an old example from Taxes and how they work by Zana Feaver.

"Object tax seems confusing because any multi-prim object is going to be taxed according to the size and height of each prim. The "base tax" for prims is $3 each per week. If the prim is small and near the ground, it will incur a smaller tax, as low as $1. If a prim is small but higher from the ground, it may cost more in tax. If the size of the prim increases - the tax costs will rise. The first rule of avoiding object taxes in Second Life: build close to the ground. The second rule of avoiding object taxes in Second Life: keep it simple, stupid."

We also had a "light tax" above and beyond the object tax, as well as a Land Tax which was much more confusing then a teir. It was once said that "Like the first life tax man, Linden Labs is about to make tax calculations a bit more complicated. When Second Life 1.1 arrives later this year, taxes will get a little more complicated - if only because 1.1 will introduce group ownership of land and objects, which is likely to change the rules of the game." Well taxes are gone because they were too complicated, too much trouble for Linden Labs, and were not making the economy grow.

For the longest time there was a rather stable economy here in Second Life, GOM worked wonders to keep it stable. Even kept the buyers and the sellers of Linden Dollars content because the economy worked. Now that we have entered a new era for the economy, I'm wondering if it is time to bring in someone like Allen Greenspan to take care of the LindenX.

Even our founding father Phillip Linden has stated on April 6th, 2004 at the town hall meeting the following.

"The linden dollar has decreased in value somewhat on the Linden exchange over the last couple months of a total about 15%, 20% or so if you go back four or five months.

I wanted to explain a little bit about what linden lab could do about that and how that works. The second life economy is sort of a closed economy, that is to say when you buy and sell money on the currency exchange the total amount of money in world, the money supply, doesn't change."

Which if you think about it, that is saying something similar to, "I sort of lost a lot of blood when I kinda cut my hand off."

All I know for sure is that during the time we had GOM in place, the Linden Dollar was not devalued, there was no recession or even the possibility of a depression. Yes we have hit a recession under the usage of the LindenX, and unfortunately it is caused by our fellow users who just put thing in because the system isn't the simplest to understand how it works. Even the NYSE and the other 1st Life markets had to have speed bumps put in to keep from entering a recession in less then a few months.

Just the thoughts of a rambling old timer in Second Life, not the expressed thoughts of anyone who affects the market any more then the rest in the Metaverse.

now that in enlightment. jsut shows how spoiled everyone is right now.

Thx Steve!

USD/L$ or L$/USD1.00 is the standard way