Do You Think There Could Be A Fundamental Flaw In How The Sell Linden Page Works?

I understand that the Exchange Rate in L$ / US$1.00 field on the SELL LINDEN page is set to reflect "current market price", however having this automatically filled in for everyone seems to me to be counter-productive to achieving higher L$ to $ exchange rates. Novice or inexperienced users most likely will sell at whatever price is listed there automatically I believe.

I'm not sure but it seems that the "Current Market Price" is whatever the last purchase price was. From a purely statistical basis, if enough inexperienced users sell at this listed price and often enough someone sells at a higher rate, the natural result will be for the exchange rate to continue to increase making the L$ worth less.

It would make more sense to me to have a price listed in the Exchange Rate field L$2-3 LESS THAN the current market price in order to have a higher percentage of players try to achieve getting more dollars for their L$. The "Current Market Price" could simply be listed somewhere on that page. Making players have to change the price to the higher figure would help swing the trend from making the L$ less valuable, to making it worth more.

no healthy markets don't depend on this sort of manipulation. basicly the default number is a market sell order(as close as lindex gets in a real exchange a market order would actually be less) real exchanges work fine without manipulating customers. When demand exceeds supply no amount of market manipulation will drive it down and conversely when supply exceeds demand no amount of manipulation will drive it up. All your idea will do is have alot of confused newbies complaining about how lindex doesn't work and their lindens aren't selling.

I think this is an interesting idea and would like to see the results of a small experiment. Do not underestimate the power of inertia

The L$ is becoming worthless because of bad overall economic policy.
It isn't a result of quirks in how Buyers and Sellers are matched on
LindenX... Buyers can Buy at any price they want, and Sellers can
Sell at any price they want. The lower the asking price for sellers, the
more likely their sale will be executed. The higher the Buyer's asking
price is, the more likely their buy-order will be executed...

If you want a stronger L$, tell the Linden Monarchy to fix the problem
of Money Supply Mudflation. They need to reign in the Linden Dollar
printing press...

There is no option to buy at any price except the current price. If there is a way to place a BUY order and set your price, I can't find it.

True.. There is no ability to input Limit Orders to Buy at a certain
price. So when the "market price" reaches your limit order to buy
at L$250, it gets executed. Limit Orders would be nice, but only
benefit traders.. Buyers have to buy at the current price and if
more buyers out number sellers, up goes the valutation.

As for the ability to just flat out buy L$ at a higher price without
fill the existing orders which might be lower, would be bad. It would
create instability in the overall price of the Linden Dollar.

Neat idea, it would be interesting to see what happens if the L$ for sale are set at a default rate of whatever's last minimum daily rate there is

"Manipulation happens everywhere in the stock market and other "exchanges". The Federal Reserve manipulates the value of the dollar all the time by controlling interest rates. This will automatically influence the relative incentives for companies around the world to consider or want additional U.S. Dollars. If you honestly don't believe that currency rates around the world are manipulated in one way or another, that is very naive.

That is manipulating the supply and demand totally different from what you are suggesting. Your trying to manipulate prices by taking advantage of ignorance. The very people who are most likely to fall in your trap are most likely to also just want their lindens to sell and slowing them down and frustrating them will not reduce supply or increase demand.

There are only three values for that field that make sense:
(1) The current best price
(2) L$1/US$ above the current price (making each new order "first to be filled"
(3) L$0/US$, which would require each seller to actually *think* about what price at which they wish to sell.

Currently, LL does (1). I'm personally in favour of (3).

The third would be fine with me too. Just make people have to do it at least. Don't just help them increase the exchange rate difference.

I'm in favor of 3 also.