Gosh, I hope people don't get mad at me for saying this but...
IMHO, If LL is really serious about stabilizing the linden they are going to have to start by eliminating the Basic Membership $L50 weekly stipend and any other newby startup allowance (not sure if new subscribers receive a startup allowance).
The underlying reason for a basic membership subscription offer should focus on introducing people to the basics of a Second Life experience. Free lindens are not necessary for this experience. Hundreds, if not thousands, of freebies are available in-world for new players to enjoy SL.
Once having experienced SL, if the subscriber then decides that she/he would like to upgrade from the freebie items provided, then that subscriber has several options available to her/him. These options include creating/selling content for disposable lindens, subscribing to a premium account and receiving a $L500 weekly stipend, or buying linden on the LindeX.
Mind you, it is perfectly understoond that this alone may not stabilize the LindeX. It does however, appear to be an obvious and necessary initial step for LL to implement before proceeding with other measures.
LL has to start somewhere...
What better place to start than here?
Welcome to the Second Life Forums Archive
These forums are CLOSED. Please visit the new forums HERE
Step 1: Eliminate the Basic Membership lindens giveaway effective now! |
|
|
Cheyenne Marquez
Registered User
Join date: 19 Sep 2005
Posts: 940
|
02-02-2006 13:23
|
|
Anna Bobbysocks
Registered User
Join date: 29 Jun 2005
Posts: 373
|
02-02-2006 13:31
Well, I think the newbie startup is fine, and having a stipend for a few weeks, but after a month or so if they haven't bought any lindens I suggest cutting them off.
|
|
Jamie Bergman
SL's Largest Distributor
Join date: 17 Feb 2005
Posts: 1,752
|
02-02-2006 13:31
Please! LL needs to take immediate action to prevent further L$ deterioration.
We are approaching crisis levels. |
|
ZsuZsanna Raven
~:+: Supah Kitteh :+:~
Join date: 19 Dec 2004
Posts: 2,361
|
02-02-2006 13:33
Maybe if everyone concentrated on what SL should really be about instead of the money aspect, it'd be a better place...
_____________________
~Mewz!~
 |
|
Jamie Bergman
SL's Largest Distributor
Join date: 17 Feb 2005
Posts: 1,752
|
02-02-2006 13:37
Maybe if everyone concentrated on what SL should really be about instead of the money aspect, it'd be a better place... Its takes money in SL to do almost anything, so money is very important. Thinking otherwise is just pie-in-the-sky George W Bush rhetoric. |
|
Cheyenne Marquez
Registered User
Join date: 19 Sep 2005
Posts: 940
|
02-02-2006 13:46
Maybe if everyone concentrated on what SL should really be about instead of the money aspect, it'd be a better place... Hmm...please explain to me what SL should really be about? Is there one set answer for this? Isn't SL what you, as an individual, would like it to be? What it really should be about for one person, may not be what it really should be about for another. One can argue that SL is what it is, because it IS what it should really be about. Otherwise, why has it evolved into what it is? |
|
Rini Rampal
Rabid Consumer
Join date: 10 Sep 2004
Posts: 72
|
02-02-2006 13:52
Its takes money in SL to do almost anything, so money is very important. Thinking otherwise is just pie-in-the-sky George W Bush rhetoric. Do you really think so? I wonder what you consider worth doing in SL, then... Personally, I hang out on HI with my Mentor tag on. I attend free classes, befriend the teachers, and then go to the pool parties in Slate. I browse the event calendar and generally have more notifications for (entirely free) events than I can actually attend. I occasionally play with building and scripting. I explore the world, visiting places like the upside-down house and the SL museum. Money is required for: shopping, uploading textures... and I suppose it's common courtesy to contribute to the pot if you play *ingo. Although even that isn't actually required. What else is there that could possibly make money such an important issue? EDIT: Oh yes, and for owning/renting land. I always forget that one, since I have little personal interest in it.  |
|
Cheyenne Marquez
Registered User
Join date: 19 Sep 2005
Posts: 940
|
02-02-2006 14:02
Do you really think so? I wonder what you consider worth doing in SL, then... Personally, I hang out on HI with my Mentor tag on. I attend free classes, befriend the teachers, and then go to the pool parties in Slate. I browse the event calendar and generally have more notifications for (entirely free) events than I can actually attend. I occasionally play with building and scripting. I explore the world, visiting places like the upside-down house and the SL museum. Money is required for: shopping, uploading textures... and I suppose it's common courtesy to contribute to the pot if you play *ingo. Although even that isn't actually required. What else is there that could possibly make money such an important issue? EDIT: Oh yes, and for owning/renting land. I always forget that one, since I have little personal interest in it. Exhibit A: * Evidence for post #6 above. |
|
Cheyenne Marquez
Registered User
Join date: 19 Sep 2005
Posts: 940
|
02-02-2006 14:05
Its takes money in SL to do almost anything, so money is very important. Thinking otherwise is just pie-in-the-sky George W Bush rhetoric. Exhibit B: |
|
Ravenous Dingo
Registered User
Join date: 25 Feb 2005
Posts: 78
|
02-02-2006 14:44
These options include creating/selling content for disposable lindens, subscribing to a premium account and receiving a $L500 weekly stipend, or buying linden on the LindeX. or sit in camping chairs. lolz. |
|
Michael Seraph
Second Life Resident
Join date: 9 Nov 2004
Posts: 849
|
02-02-2006 15:18
Cheyenne, do you have a basic account or a premium account? Why do I feel the answer is "a premium account"? This is just another attempt to take away other people's money in order to prop up the value of your own. When the L$ reaches a level that residents find acceptable to buy $L, they'll buy. Right now the value must be high because of all the people selling off their $L driving the price down. Isn't that how markets work?
|
|
Jamie Bergman
SL's Largest Distributor
Join date: 17 Feb 2005
Posts: 1,752
|
02-02-2006 15:48
During this crisis, be sure to keep your eyes here http://sleconomyblog.blogspot.com/ as I will be posting the latest information as it becomes available.
DO NOT PANIC!!!! |
|
Michael Seraph
Second Life Resident
Join date: 9 Nov 2004
Posts: 849
|
02-02-2006 15:57
DO NOT PANIC!!!! Yeah, screaming DO NOT PANIC!!! That's a good way to keep 'em calm. |
|
Cheyenne Marquez
Registered User
Join date: 19 Sep 2005
Posts: 940
|
02-02-2006 16:08
Cheyenne, do you have a basic account or a premium account? Why do I feel the answer is "a premium account"? This is just another attempt to take away other people's money in order to prop up the value of your own. When the L$ reaches a level that residents find acceptable to buy $L, they'll buy. Right now the value must be high because of all the people selling off their $L driving the price down. Isn't that how markets work? My interest is the stabilization of the LindeX which has been spiraling downward for months without even a hint of a rebound. It has little to do with whether I have a basic account or premium account. The health of the SL economy should be of concern to anyone who has a vested interest in seeing that SL has a healthy economy and a bright future. It has nothing to do with attempting to take away other people's money in order to prop up the value of my own. For the record, the $L has always been at a level that "most" residents find acceptable to buy. This is evidenced by the fact that the average daily LindeX volume is now at $L5M and nearly eclipsing $L6M. So a lot of people are buying, and at a very healthy rate. The problem is that, as you've duly noticed and mentioned, a lot of people are selling off their $L driving the price down. A lot more people are selling than are buying, and have been doing so for some time now. This means that supply is overwhelming demand. This trend has been evident for a sustained period of time spanning several months. This is indicative of a problem in the SL economy. Finally, yes this is how markets work, and when they do... economist do something to fix them. |
|
Shaun Altman
Fund Manager
Join date: 11 Dec 2004
Posts: 1,011
|
02-02-2006 16:14
Gosh, I hope people don't get mad at me for saying this but... IMHO, If LL is really serious about stabilizing the linden they are going to have to start by eliminating the Basic Membership $L50 weekly stipend and any other newby startup allowance (not sure if new subscribers receive a startup allowance). The underlying reason for a basic membership subscription offer should focus on introducing people to the basics of a Second Life experience. Free lindens are not necessary for this experience. Hundreds, if not thousands, of freebies are available in-world for new players to enjoy SL. Once having experienced SL, if the subscriber then decides that she/he would like to upgrade from the freebie items provided, then that subscriber has several options available to her/him. These options include creating/selling content for disposable lindens, subscribing to a premium account and receiving a $L500 weekly stipend, or buying linden on the LindeX. Mind you, it is perfectly understoond that this alone may not stabilize the LindeX. It does however, appear to be an obvious and necessary initial step for LL to implement before proceeding with other measures. LL has to start somewhere... What better place to start than here? * runs away * I am FOR this, as a measure which may help to add VALUE to the L$, rather than simply adding PRICE. No more free lunch! I'd perfer that they didn't tinker at all and just let the L$ stabalize at around the same price they sell it for themselves. That said, if they MUST tinker, it should be in the area of either a PRIM TRANSFER TAX of L$1 per prim, or MASSIVE WELFARE REFORM. This is a good first step towards massive welfare reform._____________________
|
|
Shaun Altman
Fund Manager
Join date: 11 Dec 2004
Posts: 1,011
|
02-02-2006 16:16
Please! LL needs to take immediate action to prevent further L$ deterioration. We are approaching crisis levels. No we aren't, we are simply entering an era where the price of L$ more closely approximates its value. In short, we are arriving at the level we should have been at all along. Reprice your items, if you care. _____________________
|
|
Michael Seraph
Second Life Resident
Join date: 9 Nov 2004
Posts: 849
|
02-02-2006 16:23
My interest is the stabilization of the LindeX which has been spiraling downward for months without even a hint of a rebound. It has little to do with whether I have a basic account or premium account. Your solution to the perceived problem has everything to do with whether you have a premium account or not. So, I ask again, do you? The health of the SL economy should be of concern to anyone who has a vested interest in seeing that SL has a healthy economy and a bright future. It has nothing to do with attempting to take away other people's money in order to prop up the value of my own. But taking away other people's money to prop up the value of your own is exactly what you are suggesting. For the record, the $L has always been at a level that "most" residents find acceptable to buy. This is evidenced by the fact that the average daily LindeX volume is now at $L5M and nearly eclipsing $L6M. So a lot of people are buying, and at a very healthy rate. Your fact doesn't show at all what you claim it does. The average volume doesn't tell us how many residents are buying, just how much is being bought. So we don't know what "most" residents really think about the value of the $L. The problem is that, as you've duly noticed and mentioned, a lot of people are selling off their $L driving the price down. A lot more people are selling than are buying, and have been doing so for some time now. This means that supply is overwhelming demand. This trend has been evident for a sustained period of time spanning several months. This is indicative of a problem in the SL economy. Or it means that the $L isn't as valuable as you think it should be. If you think that reducing the available $L in-world will raise the value of the currency, have a few million $L of your own destroyed to prove it. Don't go experimenting with other people's money. |
|
Cheyenne Marquez
Registered User
Join date: 19 Sep 2005
Posts: 940
|
02-02-2006 16:51
Your solution to the perceived problem has everything to do with whether you have a premium account or not. So, I ask again, do you? Yes I do. Let me guess... you have a basic subscription? But taking away other people's money to prop up the value of your own is exactly what you are suggesting. Since we're taking liberties to read between the lines, I suppose what you're suggesting would then be... I don't care what happens to the economy... Gimme my free $L50! Your fact doesn't show at all what you claim it does. The average volume doesn't tell us how many residents are buying, just how much is being bought. So we don't know what "most" residents really think about the value of the $L. The volume hit $L6,000,000 yesterday. It's a record volume amount. It means a LOT of lindens are being bought. But a lot more are being sold. This is all we need to know. Or it means that the $L isn't as valuable as you think it should be. If you think that reducing the available $L in-world will raise the value of the currency, have a few million $L of your own destroyed to prove it. Don't go experimenting with other people's money. I'm not going to validate this statement by responding to it. Let's just leave it at, if the $L50 per week handed to you via a free subscription is that important to you... Forgive this thread. |
|
Michael Seraph
Second Life Resident
Join date: 9 Nov 2004
Posts: 849
|
02-02-2006 17:14
Let me guess... you have a basic subscription? Nope, I don't. That's the problem with guessing isn't it? I own land in Pierce and pay extra tier too. Since we're taking liberties to read between the lines, I suppose what you're suggesting would then be... I don't care what happens to the economy... Gimme my free $L50! Afterall, I paid fo....oh no wait, you have a FREE account. What I'm saying is get your facts straight before volunteering other people's money to prop up the value of your own. I do care what happens to the economy, I don't get free $L. The volume hit $L6,000,000 yesterday. It's a record volume amount. It means a LOT of lindens are being bought. But a lot more are being sold. This is all we need to know. But it doesn't mean what you said it does. It doesn't mean that "most" residents think the $L is worth selling. Or it means that the $L isn't as valuable as you think it should be. If you think that reducing the available $L in-world will raise the value of the currency, have a few million $L of your own destroyed to prove it. Don't go experimenting with other people's money. And your response to my proposal? I'm not going to validate this statement by responding to it. Let's just leave it at, if the $L50 handed to you via a free subscription is that important to you... Again, I don't have a free subscription. I just think you shouldn't jump to conclusions or economic fixes without first doing a little research. So if you think reducing the $L available in world will raise the value, show us. Do it yourself before you propose taking from others. |
|
Cheyenne Marquez
Registered User
Join date: 19 Sep 2005
Posts: 940
|
02-02-2006 17:46
Nope, I don't. That's the problem with guessing isn't it? I own land in Pierce and pay extra tier too. My guess was posed as a question. Thank you for your kind answer. What I'm saying is get your facts straight... Practicing what you preach would do you wonders. But it doesn't mean what you said it does. It doesn't mean that "most" residents think the $L is worth selling. I said that? Kindly refer to above response. Again, I don't have a free subscription. I just think you shouldn't jump to conclusions or economic fixes without first doing a little research. So if you think reducing the $L available in world will raise the value, show us. Do it yourself before you propose taking from others. Once again, I will kindly refrain from validating your ill-informed insinuations and baseless accusations with a response. Have a nice evening sir |
|
Michael Seraph
Second Life Resident
Join date: 9 Nov 2004
Posts: 849
|
02-02-2006 19:54
My guess was posed as a question. Thank you for your kind answer. And what did you say further down that post? Since we're taking liberties to read between the lines, I suppose what you're suggesting would then be... I don't care what happens to the economy... Gimme my free $L50! Let's just leave it at, if the $L50 per week handed to you via a free subscription is that important to you... See, even though you framed the first statement as a question, you went on to show that it was a rhetorical question. And when I said What I'm saying is get your facts straight... Your unsupported response was: Practicing what you preach would do you wonders. And when I wrote: But it doesn't mean what you said it does. It doesn't mean that "most" residents think the $L is worth selling. You oddly can't remember your own posting. I said that? Kindly refer to above response. Yes in Post 14. For the record, the $L has always been at a level that "most" residents find acceptable to buy. This is evidenced by the fact that the average daily LindeX volume is now at $L5M and nearly eclipsing $L6M. So a lot of people are buying, and at a very healthy rate. And you ended your post with this: Once again, I will kindly refrain from validating your ill-informed insinuations and baseless accusations with a response. Now what baseless accusations and ill-informed insinuations did I make. Let me quote myself again: Again, I don't have a free subscription. I just think you shouldn't jump to conclusions or economic fixes without first doing a little research. So if you think reducing the $L available in world will raise the value, show us. Do it yourself before you propose taking from others. Not an insinuation or accusation in the quote at all. But I'm sure glad you are so kind as to make the accusation and then run from having to prove it. |
|
Cheyenne Marquez
Registered User
Join date: 19 Sep 2005
Posts: 940
|
02-02-2006 20:03
And what did you say further down that post? See, even though you framed the first statement as a question, you went on to show that it was a rhetorical question. And when I said Your unsupported response was: And when I wrote: You oddly can't remember your own posting. Yes in Post 14. And you ended your post with this: Now what baseless accusations and ill-informed insinuations did I make. Let me quote myself again: Not an insinuation or accusation in the quote at all. But I'm sure glad you are so kind as to make the accusation and then run from having to prove it. Ok, this is getting petty now. You win ok. bye |
|
Michael Seraph
Second Life Resident
Join date: 9 Nov 2004
Posts: 849
|
02-02-2006 20:26
Ok, this is getting petty now. You win ok. bye And how is it petty to for me to say that you should do research before coming up with economic fixes that don't cost you a cent, but greatly impact others? Seems like a sensible suggestion to me. Petty is when you edited Post 18 to remove your statement: .oh no wait, you have a FREE account So it wouldn't contradict your claim in Post 20 that you were only asking a question about my having a basic account. Petty and dishonest. Luckily I quoted you in Post 19 before you could go back to reconcile your own contradictions. I especially like how you can't defend your statements so you call it all "petty" and run. Go, then. Bye bye. |
|
Cheyenne Marquez
Registered User
Join date: 19 Sep 2005
Posts: 940
|
02-02-2006 20:51
And how is it petty to for me to say that you should do research before coming up with economic fixes that don't cost you a cent, but greatly impact others? Seems like a sensible suggestion to me. Oh, because the elimination of a $L50 weekly stipend, the equivalent of about a whole 15 cents a week USD, "GREATLY" impacts others? Can anybody say...Drama! I especially like how you can't defend your statements so you call it all "petty" and run. Go, then. Bye bye. What would you like me to defend, Michael? That I jumped to conclusions and didn't do my research before proposing the elimination of the basic $L50 weekly stipend? Or That I should burn my own personal $L to reduce the $L circulation in SL? Or is it that I should stop taking money away from others? Please. Spare me the benefit of having to respond to such nonsense. Let it go lol. |
|
Magnum Serpentine
Registered User
Join date: 20 Nov 2003
Posts: 1,811
|
02-02-2006 20:54
Please! LL needs to take immediate action to prevent further L$ deterioration. We are approaching crisis levels. A crisis you describe, is only in the minds eye of a Conservative. There is no Crisis, Now back to regular programming |