I am a Miser

I hoard my L$ for a rainy day. I never sell my L$. I might spend L$150 a week on uploads or go on an occasional shopping spree and drop L$1500 or so on stuff I dont really need. But, most of the time I am frugal and just save up my stipend until I need it.

Do I hurt the economy?

Loki,

I think that there are more out in SL land that are like you but that you are in the minority. By the looks of the amount of lindens out there, there's a lot floating around to be traded, sold, or bought.

As for hurting the economy, if you hoard it and it is a problem, LL will just make more apparently.

You sound like me! Except you say "I never sell my L$," I say, I will never sell my L$ (Except I have once, and that was only 5k).

You have a basic account like me? I have never spent a dime on this game either!

Well, I sold L$20,000 to a friend one time. It was a special case and he sent me the US$ direct mail, I did not use the LindeX or any other type of broker.

I am premium account, so I am saving most of my L$500 weekly stipend.

I'm not basic, I pay $75, but I still never cash out. I guess I'd rather spend it in SL than the hassle of cashing it out and spending it in RL on junk I don't need.

http://www.northpolesantaclaus.com/video/heatmisersong.wav



I'm Mister Green ChristmasI'm Mister SunI'm Mister Heat BlisterI'm Mister Hundred and OneThey call me Heat Miser,What ever I touchStarts to melt in my clutchI'm too much!He's Mister Green ChristmasHe's Mister SunHe's Mister Heat BlisterHe's Mister Hundred and OneThey call me Heat Miser,What ever I touchStarts to melt in my clutchHe's too much!Thank you!I never want to see a dayThat's under sixty degreesI'd rather have it eighty,Ninety, one hundred degrees!(spoken)Oh, some like it hot, but I like itREALLY hot! Hee hee!He's Mister Green ChristmasHe's Mister Sun Sing it!He's Mister Heat BlisterHe's Mister Hundred and OneThey call me Heat Miser,What ever I touchStarts to melt in my clutchI'm too much!Too Much!

Only one possible response to that...

http://www.northpolesantaclaus.com/video/snowmiser.wav




I’m Mr. White Christmas
I’m Mr. Snow.
I’m Mr. Icicle
I’m Mr. 10 below
Friends call me Snow Miser
Whatever I touch
Turns to snow in my clutch!
I’m too much

( chorus )He's mister white christmas
He's mister snow
He's mister icicle
He's mister ten below

Friends call me Snow Miser
Whatever I touch
Turns to snow in my clutch!
I’m too much

I never wanna know a day
That’s over 40 degrees.
I’d rather have it 30,20 then 5.
“ Let It Freeze!”

( chorus )He's mister white christmas
He's mister snow
He's mister icicle
He's mister ten below

Friends call me Snow Miser
Whatever I touch
Turns to snow in my clutch!
I’m too much!

Congratulations!!

LL needs more customers like you to flourish.

Lets promote and encourage basic account membership.

We could even raise the free basic membership weekly stipend while were at it in order to further accomplish this objective.

All hail the free basic account membership!

you dont hurt the economy, you actually help it until you go to sell it.

I'd advice doing that frequently. I maintain an arbitrary set amount as a "piggybank" and sell off 10,000L at a time (currently about $30?)

I'm not overly picky about exchange rate. but if I don't like the current rate I go back in a few hours. At this point, a 3L difference is only 1% (30 cents total for my 10kL). I wait until I like the current rate. I rarely make up my own rates for freaking 10 cents but if theres nearly no Lindens left in the current price I join the waiting list. I never offer an added L because I don't want to contribute to inflation.
If I dont sell within 24 hours I cancel and wait a day.

It's a simple formula. I think a lot of inflation is due to people who have no clue how the economy works

Before I say anything.. let me say that I am a preimum member.

That is a bit of a broad stroke that really not call for. In order for a real economy to be sustainable, resident need to be able to generate value without spending money. Otherwise it's just a primaid scheme. It is actually a good sign. (The level of existence varies, one can be a camping chair zombie and claim not having to paid a dime, on the other hand one can create contents/ services and earn a living.)

Hoarding money, in RL or SL sense does hurt the economy, it artificially shift the supply curve to the left... of course a small amount is not going to have a big impact. However if many poeple are doing it right now and the $L is already on a downward trend.... it means there is a really big excess supply problem.

"Well I thought saving money is a good thing, just in case I need it some other time." The main difference in RL saving and SL hoarding is that. The money you saved in a bank is actually in the money supply, it serves as reserve so a bank can run loans and create money. In SL it appear as part of the money supply: everyone's balance is tracked and considered as the total money supply, while in fact it is not. It paints a rosy picture that the economy is doing great while most people are simply hoarding.

Also, the way stipend works is that money is forced onto us even if we don't need it. If hoarding is the norm... the market is only going to get worst before it gets better...

What would be interesting to see is the transaction in total amount in addition to number of transactions.

With all due respect Kelly, you quote me but i fail to see how your post is relevant to my post.

The poster matter of factly posted...

"You have a basic account like me? I have never spent a dime on this game either!,"

and I responded to his straight forward and clearly worded post.

I do get the impression that you were somehow attempting to substantiate his post somewhere in your post, but I'm not quite sure since I could't find the relevance.

Lastly, unless you are psychic, have ESP, or are both the same person, I don't see how you can speak as to what he meant by his post.

Unless of course you are his paid spokesperson, in which case I would then add he didn't get his money's worth this time.

But all is not lost though, because there is always the next time

No need for the hostility.

Your post did have a heavy sacastic tone to it, and appeared to me as a dig at basic account members.



If I have mistaken, and you are indeed in support of basic account members: I am sorry. It is sometimes difficult to tell what someone's intention is base sole on written words.

In any case I stand by the content of my post.

... In order for a real economy to be sustainable, resident need to be able to generate value without spending money. Otherwise it's just a primaid scheme...

And not I am not an alt to the pervious poster.

You call that "hostile?"
I would hate for you to be around when I break a nail lol



I understand. I don't deserve an apology unless I agree with your point of view. I'm deeply hurt, but I'll get over it. You support the giving of free stipends to free basic account memberships and I don't. I wish you would reconsider, but you wont. So what am I to do?



um ... Right!

No I do not support free stipend as a matter of fact I do not support stipend period.

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RL economic does not rely on people having to "buy a piece of the pie" in order for them to be a contributing member. We do not have to buy a company's stock to work for it. Real economy is not a zero sum game.

I believe that SL has a potential to have a self sustaining economy, and one requirement for an economy to be self sustaining is for each member to create value independently from their initial wealth/ investment into the system

A resident with a basic account making contents/ providing service for sale, renting a mall spaces is contributing to the SL economy positively.

There are many legitimate ways for people to make $L, and not all basic account users are bums waiting for handouts or camp zombies.

Are you trying to convince yourself?

Because I certainly have never said they were, nor do I know anyone who has.