Linden Dollar Bunkum

Why does everyone think that inflation of the Linden dollar is a problem?
It enables people to buy land at a lower USD rate. More land bought means more tier money for LL every month.

This isn't quite true. I always adjust my land prices to reflect L$:USD conversion rates. Anyone who doesn't is either insane or gambling. That said, I agree that L$ devaluation is not a problem.

LL sells L$361 for a dollar, while encouraging residents to believe that they should sell only L$250 for a dallar in an ideal world. This discrepency should be fixed.

It's true enough that it doesn't necessarily matter if a hamburger costs $1 or $1000, so long as there's hamburgers; prices adjust.

Although prices in SL are not nearly as "rational" (ha!) as you think of in real life, so it takes awhile to show, and the buying power of the stipend itself shrinks. (Not necessarily a bad thing; I've remarked before SL is one of the only functional social credit economies in the world. Not because it's failed, but because nobody's tried.)

"Everyone" doesn't think that at all. Half a dozen people on the forums who think they're economists are deathly concerned about the effect on capitalism omg. Nobody else thinks it's a big issue, or even gives a monkey's.

Ive l;earned some econnomics on ther forums (just to irritate soemone, to be hoenst) but I don't really care about in world inflation..I haven't seen any.

I have some glasses for you...

Not yours reserve. I want ones with a clear view, need some pain thinner to get that black paint off yours by the way?

Why don't we all stage some sort of great SL depression? So that everyone starts wearing tattered clothes, walk around begging and live in corrugated cardboard boxes. Some lying on the floor, dying from hunger. Skinny cats running around the street chasing skinny rats.

You'd (obviously) be suprised to learn how wrong you are here. Take a look around next time you're in-world (that is is you ever ARE in-world, I understand that a lot of the forums crowd rarely if ever is). You will notice that a whole lot more than 6 people sell things.

Next, take a look at LindeX. You will see that every day those people who sell things convert over L$5,000,000 into US dollars. Believe me, those people ALL care about the state of the economy. A lot of them are very concerned by the things that they see.

Once or twice a week, I get an IM in-world from someone to discuss something I've posted in land/econ, or just to thank me for posting it. The fact of the matter actually isn't that nobody cares, but that so few people will post here. They won't come here because they don't want to be attacked by people who come to the land/econ forum to share their ANTI-LAND AND/OR ANTI-ECONOMY SENTIMENTS and jump all over those who do care.

Maybe we'd have a better idea of just how many merchants care if folks like you would quit running them off. Just a little food for thought. But then again, you've probably already thought these actions through!

Because it makes it harder to pay off tier.

I'm just curious and this might have been brought up before. What are the problems associated with using real money instead of a fictitious linden dollar? Like pegging the linden dollar against antarctican dollars for example.

You get into legal hassles, for one thing.

And minute transfers are difficult.. that rotating rose you bought for 60L? Thats less than a quarter..it would cost more to do the transfer than pay for the object..

not to mention not everyone wants to throw more than 15$ monthyl into a game..

I pay my premium (will never give a straight answer by monthly, quarterly, or annually on the forums, as that can make me seem biased to some when ti comes to stipend issues) and an extra 5 us$ a month.. barring tax time (me and fiance each dropped 20$ us) and her first land buy..thats allw e put in. Note none of it goes out, we don't cash linden $ out at all..

The linden dollars avoid many problems

The L$ is an effective micropayment system. This is something vital for small Internet purchases and services of all kinds, but none have really took off... except for the L$, within Second Life. (Scott McCloud has a lot to say about this in Reinventing Comics, re: moving comics online, but was rather off the mark considering how webcomics have actually developed. Nonetheless, many of his insights regarding the creator<-->user relationship are generally applicable outside that field.)

Also, an inflated L$ doesn't make it harder to meet tier... if you raise your L$ prices accordingly. Many people are reluctant to do that, but it's going to have to happen and will happen.

Because you are blind.... Or Ignorant.