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Interesting stuff happening in linden US exchange

Pix Paz
Away with the Pixies
Join date: 17 Oct 2005
Posts: 129
01-18-2006 02:12
Is there interesting stuff happening with linden / US exchange?

I trued to buy linden - exchange offered me $191L per $US dollar.

hmm....

makes my buy 1000 yearly accounts at $72000 US dollars plan and sell them on linden exchange an interesting thang.... better than real life investments for sure...

pony club camp is a total meat market!
Pix Paz
Away with the Pixies
Join date: 17 Oct 2005
Posts: 129
now is this silly because I am drunk?
01-18-2006 02:18
now is this silly because I am drunk?

as Baldrick say "i have a cunning plan..."
Pix Paz
Away with the Pixies
Join date: 17 Oct 2005
Posts: 129
no - I am serious - is linden exchange moving?
01-18-2006 02:41
If I bought 1000 yearly accounts at $72,000 US what would happen as $500,000+ linden per week came on line over the next year?

What is the limits of the exchange at the moment?
Khamon Fate
fategardens.net
Join date: 21 Nov 2003
Posts: 4,177
01-18-2006 05:15
One-thousand accounts requires 200 credit cards. I'd worry more about annual fees and possible theft abuse of all those numbered credit accounts than my effect on the linden market.
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Lora Morgan
Puts the "eek" in "geek"
Join date: 19 Mar 2004
Posts: 779
01-18-2006 05:39
I'd worry more about the 200 postal addresses you'd have to maintain.
Lawrence Linden
Linden Lab Developer
Join date: 25 Jun 2005
Posts: 235
01-18-2006 15:20
From: Pix Paz
Is there interesting stuff happening with linden / US exchange?

I trued to buy linden - exchange offered me $191L per $US dollar.


The estimated rate includes the fees... when you only are looking at US$1.00 worth of currency, the US$0.30 buyers fee has a huge impact upon the estimated rate.

From: Pix Paz
makes my buy 1000 yearly accounts at $72000 US dollars plan and sell them on linden exchange an interesting thang.... better than real life investments for sure...


I just don't see that ending well. We will ban accounts that were created with fradulent info. But if you have 200 places of residence, or you and 199 friends want to create a total of 1000 yearly accounts, go for it! We welcome the additional business. The additional L$ volume on the exchange will have very little effect upon the exchange rate.

Cheers,
Lawrence
Pix Paz
Away with the Pixies
Join date: 17 Oct 2005
Posts: 129
Jolly good show
01-19-2006 02:42
All theoretical of course - otherwise why would I say it on forum. *smile*

I know little about Lindex and am quite new - did not know there was a .3 fee for instance...

Just wondered what stopped people using the $360L to $1US yearly premium account price versus the lindex price to create a large RL return with borrowed RL capital and in the process possibly affect the SL economy.