My sympathy goes out to the suckers who bought L$
at L$272 when the predictions of the nitwits around here
proclaimed the L$ was going higher.. Ohh well, better sell
now while you can.. L$362 is on the way...
Daily Summary:
Best buying rate: L$300 / US$1.00
Last trade: L$300 / US$1.00
Last close: L$301 / US$1.00
Change: -L$1 / US$1.00
Today's volume: L$1,474,680
Today's open: L$301 / US$1.00
Today's high: L$939 / US$1.00
Today's low: L$300 / US$1.00
Today's average: L$302.19 / US$1.00
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Today's average: L$302.19 |
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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03-30-2006 08:45
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slick McCoy
Registered User
Join date: 23 Apr 2004
Posts: 47
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03-30-2006 09:27
I bet it has nothing to do with the guy selling at 939/$.
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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03-30-2006 09:47
I bet it has nothing to do with the guy selling at 939/$. This would be about the time where Linden Labs should step in and backup their attempts to get the valuation to L$250. But I doubt they will. Cause whatever they have done has been a complete failure. They better fire their new Econ Guru and get somebody who will tell it straight. Stipends are the death of SL.. The idea is valid, but its execution has been terrible. Instead of giving citizens a flat rate every week, they should be giving out a random amount based on population growth/decline along with a checksum against active/nonactive accounts. So if nobody got a stipend for 10wks, it would signal that too much money is in the economy and that sinks are working overtime to reduce the supply. Or vice versa.. But the dictatorship at LLHQ will not accept such... Its the King's way or the highway.. _____________________
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Aaron Levy
Medicated Lately?
Join date: 3 Jun 2004
Posts: 2,147
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03-30-2006 09:53
Oh, for crying out loud, this is not caused by stipends. It's caused by the land glut that has hit Second Life & the exodus of users from the mainland to private island rentals. But mainly its the overall growing bad taste people have in their mouths of Linden Labs.
One of the only things that can save the L$, and probably Second Life as a whole, is for it to be to sold to a company that can manage it better, because you are right about thing, Linden Labs has failed miserably. _____________________
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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03-30-2006 09:57
Oh, for crying out loud, this is not caused by stipends. It's caused by the land glut that has hit Second Life & the exodus of users from the mainland to private island rentals. But mainly its the overall growing bad taste people have in their mouths of Linden Labs. One of the only things that can save the L$, and probably Second Life as a whole, is for it to be to sold to a company that can manage it better, because you are right about thing, Linden Labs has failed miserably. I'll buy Second Life for US$1.00 Dollar... _____________________
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Elde Eponym
Registered User
Join date: 14 Feb 2006
Posts: 159
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03-30-2006 12:36
I bet it has nothing to do with the guy selling at 939/$. Probably not - it has been stated that the daily average is volume weighted. A comparison of the average to supply available (and reasonably likely to be sold) bears that out. |
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Siggy Romulus
DILLIGAF
Join date: 22 Sep 2003
Posts: 5,711
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03-30-2006 12:39
...and sales couldn't be better! ROCK ON!
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The Second Life forums are living proof as to why it's illegal for people to have sex with farm animals.
I, for one, am highly un-helped by this thread |
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mcgeeb Gupte
Jolie Femme @}-,-'-,---
Join date: 17 Sep 2005
Posts: 1,152
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03-30-2006 14:00
I bet it has nothing to do with the guy selling at 939/$. If I'm correct the sale at 939 was for under 100 Lindens when I saw it last night. |
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Dmitri Polonsky
Registered User
Join date: 26 Aug 2005
Posts: 562
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03-30-2006 14:03
This would be about the time where Linden Labs should step in and backup their attempts to get the valuation to L$250. But I doubt they will. Cause whatever they have done has been a complete failure. They better fire their new Econ Guru and get somebody who will tell it straight. Stipends are the death of SL.. The idea is valid, but its execution has been terrible. Instead of giving citizens a flat rate every week, they should be giving out a random amount based on population growth/decline along with a checksum against active/nonactive accounts. So if nobody got a stipend for 10wks, it would signal that too much money is in the economy and that sinks are working overtime to reduce the supply. Or vice versa.. But the dictatorship at LLHQ will not accept such... Its the King's way or the highway.. Reserve, i think your boss is calling you. I'd be interested in knowing who sold that large chunk for so little. There's the real culprit in destroying the market value. |
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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03-30-2006 14:23
Reserve, i think your boss is calling you. I'd be interested in knowing who sold that large chunk for so little. There's the real culprit in destroying the market value. C'est La Vie - That's just the way it goes (That's Life) _____________________
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Sabrina Doolittle
Registered User
Join date: 15 Nov 2005
Posts: 214
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03-30-2006 16:14
For crying out loud, an economy should be able to withstand a single sale order like that. This is CRAZY.
What about a minimum floor for sell orders? Yes, it's artificial, but hello, SL is an artificial world. I have no problenm with that at all. _____________________
Linden Lifestyles: The Unoffical Second Life Shopping Blog
http://www.lindenlifestyles.com |
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Darkness Anubis
Registered User
Join date: 14 Jun 2004
Posts: 1,628
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03-30-2006 16:38
looks like it did withstand it
Just checked its at 296 selling price now _____________________
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