VGI Temporarily ceases automated Item Sales

Due to the rapid decline of the L$, and extremely unstable economy, VGI has shut down all automated sales venues of all VGI products. VGI will only sell items personally through the games prototype account, where the cost of the items will be calculated at the time of sale according to the current market value.
We apologize for any inconveniences this may cause, and we assure you all that once (IF) the economy stabelizes, we will offer our items again at stable prices.

To buy any VGI product, please contact Games Prototype directly. Thank you.

And so it begins - Traders pegging prices directly to the USD. Not good.

never bought any VGI stuff. never intend to.

Do you go to EVERY OTHER post on the entire forum, and say "This does not affect or has anything to do with me" as well? WTF.

Doesn't the JEVN vendor give you the ability to have the sale price change per the L value?

I mean I am sure you need to change the current L value in the system but I thought it automatically raised or lowered prices according to the value you added in the server?

Hmm, some more reading is needed by me.

Just every third one.

I had a vendor ready for just that - reassignng price based on "this minute" price index which was just about ready to roll out into the shops...

Shame someone borked 1.10 and I can no longer stay logged in long enough to finish it.

Based on the value Linden?!
Lost in translation

Who is "value Linden"? Does he/she have a bear?

This is a perfect example of what the future holds for Second Life....
If Linden Labs cant get this Money Supply Inflation under control,
then developers will stop pumping in new content.

And without content to keep the masses happy, they will start to
flee Second Life, making the problem worse...


So to all the Pro-Stipend supporters, here is the 1st salvo in the
decline of Second Life. Thanks in part to your whining that Stipends
don't harm anybody...

When you get back to being able to work on it, I suggest you set it to the value of $L PLUS about $2 extra $L per $1, since by the time you get to the money paid for your stuff, $L would've already dropped on the market (especially if it's bought in the morning and you cash out in the evening)

There are plenty of competitors for your products and an announcement of this sort could spur others to enter the competition as well.

Good luck. I'll be interested to see if the demand will change.

But mostly thanks to everyone who rapes the economy for profit, great work guys, your doing a fantastic job!

Meh. Crap thing is, you can't really RAPE this deflation for profit. Yeah, you can earn some, but know what? While I made that $40US on day trading using the $300US I started with, that $300US dropped in value too, and when I add them together, I only get about $320 tops. So unless trading goes on (and no, trading does NOT harm the economy) my profit will actually be negative *sigh* Oh well.

I want one! *does a 'find' for value Linden*

You're forgetting that one of VGI's biggest products was camping chairs.

Well someone might as well. Some people are going to every post and making a comment about how it indicates that the value of linden dollar is falling. LOL

Troy

Well someone might as well. Some people are going to every post and making a comment about how it indicates that the value of linden dollar is falling. LOL

Troy

PS. I have no idea who VGI is, nor what they sell that is so important that its prices have to be indexed to the current value of the linden. Honestly some people are obviously taking this game WAY more seriously than the rest of us.

Excellent. I suppose I'll take this opportunity to point y'all to a recent post of mine in the Games forum. For those of you now former VGI customers that are in search of an entertaining way of making a slow and steady L$ income via products which will remain at a constant price regardless of the perceived value of the L$, I've got a newly nearly-finished product that you can get a great deal on if you're willing to help beta test it. See here:

/165/0b/108585/1.html

Ninjafoo, I gotta ask... Do you really believe that everyone who sells here is doing it out of purely "evil" and unabatedly selfish motives?

We've sort of formed a symbiotic equilibrium with our "business"; that being Luskwood Creatures and Luskwood. The sales fund the tier, the tier provides a place for people to hang out, hanging out provides a community, and we continue to create avatars for that community.

The primary goal is breaking even. But as the Lindex sinks, it's getting tougher for us to sustain. (Note: We could make avatars and just pop a small machine at a few malls, and take in profits. We don't do that.)

We're providing a "free rent" sim for folks to take up residence near Luskwood without having to pay us, or get into the land trading market.

Excesses after tier are used to pay for events (giveaways -- if you've ever been to one of our new years party where we give away L$100,000 or more in a shot, you'll know what I mean) - and every month (until now), part of the overage was earmarked for charities. donated an entire weekend of sales to the Red Cross for Katrina victims last year. We've also donated to wildlife and habitat preserves.

Occasionally we'll use some of the overage to help out a resident who has fallen on hard times as well.

If things keep going the way they are, however, we're going to go negative. Whereas our avatars used to yield $5.15US, now they are down to $2.45US. We have never adjusted the price. This trend is not new to us, but we're approaching a point where our avatars are becoming closer to worthless. (Whether or not you believe that should be the case, I suppose, is up to every individual buyer.)

In the coming months, if this continues, there are going to be some tough decisions for us to make. Whether that means repricing or dropping the Residential area of Luskwood, we don't know.

There are a lot of folks who are out there to make a buck. But don't assume that price adjustments are simply to augment pocket-stuffing for everyone. I know that if we wanted to do that, we would have raised prices a long, long time ago.

Its The VALUE of THE LINDEN....... Gesh. go ahead make fun of a person second languge! GEsh

To clear some things up here, First of all, VGI is not closing, and there are no "former owners" of VGI products. Actually the newest 2nd generation of the VGI system is being field tested in all 10 VGI locations before we release it to the public next week. Yes, we fully test our products in full live conditions and take all the risk so that we ensure we have the highest quality bug free products we can offer. This latest version has been programmed and tested over the last 2 months, and boasts some of newest ground breaking features never before offered in any type of casino system.

Why is VGI worried about the US$ value of its products? We recently incorporated in RL, and have programmers who need to get paid in US$ and not L$ for thier work. All that has happened is we can TEMPORARILY not sell our products at a set L$ price when it loses its value so quickly. Once the market stabelizes, we will be able to have a set price again. We have not terminated sales completely, but sell personally now at market value rather than a set L$ price.

When the VGI casino system was first released, we made the mistake of refering to it as a new type of casino camping system. It is not a camping system at all, but a compensation system just like the comp cards you use in a RL casino. as you sit and play the games, you are rewarded with cash back, and can win multipliers as you play the games that increase the amount of money you earn every 10 minutes or so. And I am sorry to say that the last competitor we had that tried to copycat our system has gone out of business due to lack of knowledge of casinos in SL, and because people who bought thier copycat system lost thousands of L$. We have been running casinos in SL for over 2 years now, and have a full working knowledge of how to make games operate fairly for both the owners of the games, and the players. They have the most frequent payouts of any other game in SL, while protecting the owners from losing money in the process.

A tremendous amount of work goes into the VGI system, and it takes a lot of programming time to perfect it. Our profits help to fund additional programming of new games, and updated features for our products. Unlike how some may think, profits are reinvested into programming time, land tier is paid, and a break even point is met. We can't break even if we undercut our expected income for future developments. It is either maintain our income, or stop making new products. We choose to work with the economy and continue making new products by being more personal with our customers.

I thank you for your support with this issue.