Sell $L now has a list of the top 20 Buy offers

If you are going to sell - note that at least right now, the list you see is the top 20 offers of Buy prices. If you want to see how much $L is selling for you must go to the Buy page to see the top 20 sell prices.

I kinda choked when I first saw the top number as 23 million at 2.77 - but then I noticed the title.

this is confusing the hell out of me. Took me years to just figured this out, and now they muck it up again. I was constantly seeing sell rates at 266 since the end of last year, and now it's 277? So I must goto the BUY page to see the "normal" list? That list doesn't make much sense anymore because that's also a top 20 list.

The top 20 SELL list is completely meaningless since the best sell rate would obviously be the lowest number possible users are willing to sell at; not some mid-rage value like 277 being listed as the BEST sell rate. Obviously these aren't limit sells listed.

I see the point. I would also guess this would reduce the load on the DB. If you are on the buy page, you see what is for sale. This makes sense because you are buying. If you are on the sell page you see what others are buying.

Well, I just paid a $20 lesson about thinking before acting.

Another bonehead LL move. Now have to go three different places to get the information that used to be all in one place, Great job!

The Lindex buy L$ is really messed up. Apparently it chooses the worst price rather than the best. As you add more L$ to the amount you want to buy, you get a better exchange rate.

Is that really what's going on?

Except that it won't really reduce DB load, because a seller will now visit the buy page to get the current rates before selling, thus meaning there's just as much database load plus a couple of extra web server requests.

I'm confused? LL doesn't do what makes sense, they do the complete opposite.

I just sold some lindens, yes it confused me at first also. I'm glad to see offers of 100,000L for $100,000USD gone though

Completely backwards and inconvenient. This didn't need to be changed and shouldn't have been. When I sell, I don't want to see the buying data...I want to see the selling competition...in short, I want it the way it was.

Change it back LL, please.

Yes, I couldn't care less what people are buying for, as long as nobody is selling at a better rate than me, I know my lindens will sell. That's the way I've traded on the LindeX since I started SL and it's never failed me.

I wouldn't doubt some first time sellers lose a chunk of cash selling their lindens at 277L/usd not realizing the conversion fees -- something that was obvious beforehand when nobody would sell for better than 267/usd.

I really do wonder what they put in the water at LL sometimes.

How is that any different from buyers loosing a "chunk of cash" because LL doesn't make it obvious they could get you a better exchange rate with a limit buy rather than a default market buy?

Perhaps that is the intent? There are always a lot more open buy orders than sell orders. Confusing the sellers new to the exchange and getting them to sell their money for a lot less will get their money into the economy a whole lot faster.

But I'm with you - I want to know what the competition is selling at so I can get the maximum amount for my Linden dollars.

This is just a *new* way to control the free market. Notice the stats are also gone. LL (who originally set the price at 250 L ) must now feel the buy prices are too high and want it to go down.

Maybe they don't want to wait as long to get their cut of the L.

Maybe their little girl just joined SL and complained she couldn't afford the L.

what ever it is, they are just muddying the water to confuse. It happens. Don't worry about it and enjoy your SL. a good churn in the L pool is good now and then. Draws in more people, keeps them longer.

And if it takes your mind off the asset server.. more the better.

Was this change done completely on the sly? Or has anyone seen it documented anywhere, here or on the blahg?

I looked for it and didn't see anything announced.

Now this is just sad - it appears to be getting the results many of us expected - confusing sellers into selling on the exchange for less.

Open Sell Orders at the Best 20 Rates


Exchange Rate Total Remaining Quantity


L$276 / US$1.00 L$186,355


L$267 / US$1.00 L$115,000

Thanks for posting that Annabelle Even myself, having traded many times on the exchange, was a bit dumbfounded at first although, granted I knew the market traded roughly at 267L/USD sell, I wasn't going to sell for less... That being said, if this was my first week in second life -- maybe even my second, I certainly would have fallen victim to this.

I can understand why they would want to do this on the 'simple' market view page, but on the advanced page we are *PROBABLY* going to be centering on limit sells, and as such, are probably far more interested in the limit sell data, and not the limit buy data.

But I guess having the necessary information to do the most common 'advanced' sell operation on the 'advanced' sell page is out of the question.

What incentive is there, other than money market stability, for Linden Labs to make it profitable to sell Linden dollars (as opposed to buying Linden dollars)?

And it sounds like money market stability is not high on their list of goals.

As far as I can tell, on the sly, which is pretty irresponsible.

Um, they just changed the LAYOUT of the buy and sell pages. If every time they made any change to any page on the secondlife.com webpage there would be a lot of blog entries. Now, if they changed the functionality of the Lindex, then I would expect an announcement. I don't like the changes, but life goes on. It makes sense, at least to me, that people wanting to buy lindens would want to know what the selling rates are and vica versa. The removal of the 24 hour stats also makes sense to reduce load on the DB. Stabilizing the market has been a stated goal of LL. I would really doubt that this change could destabilize it.

In short, while I don't like the new layout, I also don't believe it is an evil plot by LL to destroy the economy.

No, it's not, but people are dealing with money, so they should make an effort to communicate changes that could create confusion, and possibly losses.

would be nice to have some LL feedback here. I'm willin to buy it was jus a generic layout change that someone did without really thinking stuff through, but its pretty onerous and is causing alot of people unaware things changed to loose money (many of my friends already have).

At the same time this 'new' layout just stinks since you now have to flip back and forth pages over an over to do proper selling.

When in 'advanced' sell mode, you probably *ONLY* care about other limit sells you will be competing with... its why people activated the advanced mode anyway... If they were going to sell straight to limit buy orders, they would just leave it basic.

In case no one noticed, both the buy and the sell limits are displayed on both pages now.

I guess LL really does listen, or it was a small error to begin with.