What would be the advantage of a Private Currency A$ in SL?

Excuse me Anshe, but I fail to see, what the advantages of a second currency issued by your group would be.

1. There are already some rather successful micropayment solutions out there on the web.
   
2. Interfacing SL transactions with those systems via LSL would more or less result in the same effort as interfacing with your suggested payment system.
   
3. If you want a relatively stable currency you could use the USD. A US cent is roughly equivalent to 3 L$ currently. I don't think the SL economy needs a currency with is much more finely grained.

So what exactly would be a reason to introduce another currency?

I would like to add that with the current state of communication between prims in different sims and between scripts in SL and systems on the web, I am not sure if such a parallel currency system could be a very secure one.

I officially apologize for starting another thread on the topic but the original one seems to have been taken over by the usual forum trolls.

A new currency would allow more pie!

But only one person would get the "pie" as per usual.

I make my own pie with home-baked prims. Prims are liek tofu; taseless, but they soak up the flavour of the sauce. Yum!


As to why I would want to buy A$? I'd love to know that too. L$ work fine for me. The dropping value of the L$ is fine for me. Buying a currency secured only by someone known for ruthless business practices... not so fine.

The way I see it the A$ benefits the people in charge of the A$, not the rest of us.

I'd have severe reluctance to invest in a third party currency that would be beholden to LSL working properly, all the time. The rug can be pulled out from under you any minute, any version upgrade, any time someone finds a new exploit and it has to be addressed.

Not only do you not get any transaction history beyond the avatar-to-avatar sparse detail, the transactions won't be treated the same as L$-native ones are. (Sorry, LSL generated transactions are liable to the same brittle constraints as LSL functions are - they aren't logged the same way, and states aren't preserved if a sim reboots.)

Its just a business move to capture another revenue stream, and this one has the advantage of being a captive market from the beginning, its like cornering a market without the messy details of actually having to acquire anything first.

Of course, there is also the possibility that if this does occur, the instantiation of a new third-party currency, that if Linden Lab sees it as enough of a competitive threat - you'll either get co-opted, or the rules will change to cause that business bubble to pop.

Dangerous ground, in any case.

I'm not precisely sure what the advantage of a new currency would be for Anshe, but the motivation is clearly not to have a currency stable against the US$ for businesses to use. The best method of doing that would be an internal SL US$ micropayment system - can't get much more stable than that - which this is not. Quite apart from the issue of dumping onto the Lindex. The fact that it was explicitly stated that this was the motivation makes me just a tad suspicious, as stated elsewhere.

It may of course be that there isn't some sort of grand plan right at the moment, but that it's merely been thought that acquiring control over currency is potentially valuable for a commercial enterprise, which of course it definitely is. The chances of A$ becoming equivalent to L$ in use across the grid are pretty much zero, though, I would say, so I imagine that the effort will be to concentrate on Dreamland tenants and people doing business in Dreamland, to manage the economy there and also discourage residents from going elsewhere.

I aggree. Having experimented with LSL communication functions myself, I would not really want to trust them with transactional data tranfer in a truely large scale. Anshe and Guni are clever and daring enough for such a move. Their attemt to corner the waterfront market clearly shows this. I am not sure if this is the case here. She really must suffer from a dropping L$ and would honestly be interested in a stable currency. But it would be much easier, IMHO, to move more business transactions into the USD realm than creating yet another virtual currency.On the other hand: maybe it is just a threat with the intent to put some pressure on the Lindens. I don't consider the attitude Linden Lab is showing towards the downfall of the L$ healthy to the SL economy, either ...

Now, that sounds like a plausible strategy.

There are always a big question with all kinds of things that ”someone” want:

-- >>> What in it for me? <<< ---

Whats in it for you that read this now... whats in it for Anshe and her friends.. .. whats in it for.. or for.. or.. who will pay - who will get some extra and why.. WHY...


*****

From many points of view then.

/Tina

Yes -why start something own when you can live on LL/SL?

/Tina

All I want to know is when is Anshe Inc going to become
a public company in SL so I can buy shares and receive dividends?