The stipend is becoming worth less and less
|
|
kerunix Flan
Registered User
Join date: 3 Sep 2005
Posts: 393
|
06-30-2006 07:10
From: ReserveBank Division Linden Labs, creators of the virtual reality game/experience Second Life, just got another $11million in venture funding. Investors included Amazon.com CEO Jeff Bezos. In Silicon Beat's coverage of the funding it's said that the money is going to be spent making Second Life more "mainstream." By that they mean commercial, which is a real shame. The CEO compares the commerce there in terms of number of equivalent Walmart stores. Gross. Remember the start of amazon.com ? The most insane cash burner the internet ever saw, and now they are first and earn tons of money  |
|
Introvert Petunia
over 2 billion posts
Join date: 11 Sep 2004
Posts: 2,065
|
06-30-2006 07:33
From: someone Remember the start of amazon.com ? The most insane cash burner the internet ever saw, and now they are first and earn tons of money Yes, but they also have gross revenue of US$8.5B and net profit of $0.3B. How many SL sims leases would that be? 8 million? Ok, good analogy. |
|
Eggy Lippmann
Wiktator
Join date: 1 May 2003
Posts: 7,939
|
06-30-2006 08:16
From: Green Panther we will be in a real "pay to play" situation. Uh, hello? That's the whole point? Are you on crack or something? What's the alternative, being paid to play computer games? Think about the logic of that for a while. LL is a business, and so are we. This isn't communism. The government does not have to pay for your entertainment and neither does LL. |
|
ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
|
06-30-2006 08:17
From: Lewis Nerd
As noted, the weekly stipend is indeed losing value. Therefore the sensible solution is to increase it to L$750 a week immediately.
Lewis
What Socialists Gibberish are you gabbing about? Print more money because the current allotment isn't as valuable? Listen to yourself... Wouldn't the solution to the valution be, to print less, destory more in sinks, and allow what already exists to become valuable... |
|
Theora Aquitaine
Registered User
Join date: 12 Feb 2006
Posts: 266
|
06-30-2006 08:35
From: ReserveBank Division What Socialists Gibberish are you gabbing about? Print more money because the current allotment isn't as valuable? Listen to yourself... Wouldn't the solution to the valution be, to print less, destory more in sinks, and allow what already exists to become valuable... ROTFLMFAO! ummm... I think it was a JOKE! LOL |
|
Star Sleestak
Registered User
Join date: 3 Feb 2006
Posts: 228
|
06-30-2006 09:27
LL will not be able to sustain themselves on the Lindex. At the current rate, they are only making 525k a year at most.
While this may seem like a lot of money to many on these forums, remember that LL is located in San Francisco which has one the highest land values in the world. That 525K wouldn't cover their rent, much less pay the electric bill to keep the servers going.
What LL needs is paying customers. Tier and premium accounts. If passing out bonus L$ will keep the premiums paying in usd, so be it.
|
|
ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
|
06-30-2006 13:57
From: Star Sleestak LL will not be able to sustain themselves on the Lindex. At the current rate, they are only making 525k a year at most.
While this may seem like a lot of money to many on these forums, remember that LL is located in San Francisco which has one the highest land values in the world. That 525K wouldn't cover their rent, much less pay the electric bill to keep the servers going.
What LL needs is paying customers. Tier and premium accounts. If passing out bonus L$ will keep the premiums paying in usd, so be it. Sounds like a smart business decision would be to relocate to Nevada and save some of that money they are pouring into real estate and foo-foo coffee... They should also outsource work to India for pennies on the dollar... Like I said, LL knows how to spend money. They don't know how to make it.. |
