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Samaira Vieria

Registered User

Join date: 5 Apr 2007

Posts: 114

08-06-2007 05:16

Anyone having trouble with the LindeX? It ain't having it! It won't let me buy any helppppppppppppp

Novis Dyrssen

Girl Geek

Join date: 6 May 2007

Posts: 1,452

08-06-2007 05:18

In another thread it was said that LL don't let any Lindens be bought at this time, probably because a lot of casino owners cash out now, so they're trying to keep the Lindex stable.

Larrie Lane

Registered User

Join date: 9 Feb 2007

Posts: 667

08-06-2007 05:49

By not selling the currency would create instability, especially if so called Casino owners are cashing out.

Don't understand the logic there..

Uvas Umarov

Phone Weasel Advocate

Join date: 8 Feb 2007

Posts: 622

08-06-2007 07:03

the lindex seems to be running normally

_____________________

"On the other hand, if you are convinced that I spent all the money on a new sports car, then getting even 2.5% instead of 0% back would be quite a deal, wouldn't it?" ---ginko bank owner on his financial dealings

Novis Dyrssen

Girl Geek

Join date: 6 May 2007

Posts: 1,452

08-06-2007 08:56

From: Larrie Lane

By not selling the currency would create instability

No, you can always purchase them over the website via marketplace - buying it from the ones who are selling it. If LL would "produce" more L$ now, it would severely lose worth. Hence, the LindeX would not remain stable.

Elex Dusk

Bunneh

Join date: 19 Oct 2004

Posts: 800

08-06-2007 09:15

From: Novis Dyrssen

No, you can always purchase them over the website via marketplace - buying it from the ones who are selling it. If LL would "produce" more L$ now, it would severely lose worth. Hence, the LindeX would not remain stable.

Though trading on the LindeX can be halted for short durations due to certain triggers new "fresh" currency is injected into the Second Life economy constantly by sales from the Supply Linden account. This makes the LindeX rather freakishly stable as demand for currency is always met and the exchange rate has remained steady (for months and months) at around L$267(+/-1):US$1

Sales by the Supply Linden account on the LindeX is Linden Lab's third-largest source of revenue (the first two being tier fees/island fees and Premium subscriptions).

Novis Dyrssen

Girl Geek

Join date: 6 May 2007

Posts: 1,452

08-06-2007 09:54

From: Elex Dusk

Though trading on the LindeX can be halted for short durations due to certain triggers

I think that's exactly the point here.

The trigger might in this case be a few big players selling out, so to keep demand stable, selling "fresh" money is on hold until the trigger is... well, trigged...? Uhm, you know what I mean.

Elex Dusk

Bunneh

Join date: 19 Oct 2004

Posts: 800

08-06-2007 10:04

From: Novis Dyrssen

I think that's exactly the point here.

The trigger might in this case be a few big players selling out, so to keep demand stable, selling "fresh" money is on hold until the trigger is... well, trigged...? Uhm, you know what I mean.

The "circuit breakers" are triggered when the /average/ exchange rate goes up or down 10-percent or more. As the average exchange rate is constantly stable (due to injection of "fresh" currency by sales from the Supply Linden account) it would take vast vast vast amounts of currency for this to happen. A "few big players" actually can't trigger this event on their own (or even collectively) as they'd hit their trading limit before they could put enough currency into the market (this is why the "few big players" either set up and/or use third-party exchanges).

For all we know, for example, the OP has nothing in their PayPal account and thus is unable to buy currency.

Raudf Fox

(ra-ow-th)

Join date: 25 Feb 2005

Posts: 5,119

08-06-2007 10:20

From: Elex Dusk

For all we know, for example, the OP has nothing in their PayPal account and thus is unable to buy currency.

Or they need to reenter the payment information, or they met their allowed trading limit in purchases or LL is having billing issues again. It could be anything, and without more information we can't say which it could be.

Samaira, go to the my account at the top of the login screen. There are two things you'll want to check: One is if where you are at in your trading limit. If you have/met exceeded, then you will not be able to buy L until the next billing cycle. If this isn't the case, then you may want to try to reenter the billing information.

_____________________

DiamonX Studios, the place of the Victorian Times series of gowns and dresses - Located at http://slurl.com/secondlife/Fushida/224/176

Want more attachment points for your avatar's wearing pleasure? Then please vote for

https://jira.secondlife.com/browse/VWR-1065?

Archer Braun

Registered User

Join date: 12 Nov 2006

Posts: 190

08-06-2007 11:57

Try buying a vowel, instead. Consonants are just overrated.
Some of the best conversations in my life have happened using vowel sounds alone...
http://forums.secondlife.com/images/icons/icon10.gif

Welcome to the Second Life Forums Archive

Can't buy L's!

Can't buy L's!
Samaira Vieria Registered User Join date: 5 Apr 2007 Posts: 114	08-06-2007 05:16 Anyone having trouble with the LindeX? It ain't having it! It won't let me buy any helppppppppppppp
Novis Dyrssen Girl Geek Join date: 6 May 2007 Posts: 1,452	08-06-2007 05:18 In another thread it was said that LL don't let any Lindens be bought at this time, probably because a lot of casino owners cash out now, so they're trying to keep the Lindex stable.
Larrie Lane Registered User Join date: 9 Feb 2007 Posts: 667	08-06-2007 05:49 By not selling the currency would create instability, especially if so called Casino owners are cashing out. Don't understand the logic there..
Uvas Umarov Phone Weasel Advocate Join date: 8 Feb 2007 Posts: 622	08-06-2007 07:03 the lindex seems to be running normally _____________________ "On the other hand, if you are convinced that I spent all the money on a new sports car, then getting even 2.5% instead of 0% back would be quite a deal, wouldn't it?" ---ginko bank owner on his financial dealings
Novis Dyrssen Girl Geek Join date: 6 May 2007 Posts: 1,452	08-06-2007 08:56 From: Larrie Lane By not selling the currency would create instability No, you can always purchase them over the website via marketplace - buying it from the ones who are selling it. If LL would "produce" more L$ now, it would severely lose worth. Hence, the LindeX would not remain stable.
Elex Dusk Bunneh Join date: 19 Oct 2004 Posts: 800	08-06-2007 09:15 From: Novis Dyrssen No, you can always purchase them over the website via marketplace - buying it from the ones who are selling it. If LL would "produce" more L$ now, it would severely lose worth. Hence, the LindeX would not remain stable. Though trading on the LindeX can be halted for short durations due to certain triggers new "fresh" currency is injected into the Second Life economy constantly by sales from the Supply Linden account. This makes the LindeX rather freakishly stable as demand for currency is always met and the exchange rate has remained steady (for months and months) at around L$267(+/-1):US$1 Sales by the Supply Linden account on the LindeX is Linden Lab's third-largest source of revenue (the first two being tier fees/island fees and Premium subscriptions).
Novis Dyrssen Girl Geek Join date: 6 May 2007 Posts: 1,452	08-06-2007 09:54 From: Elex Dusk Though trading on the LindeX can be halted for short durations due to certain triggers I think that's exactly the point here. The trigger might in this case be a few big players selling out, so to keep demand stable, selling "fresh" money is on hold until the trigger is... well, trigged...? Uhm, you know what I mean.
Elex Dusk Bunneh Join date: 19 Oct 2004 Posts: 800	08-06-2007 10:04 From: Novis Dyrssen I think that's exactly the point here. The trigger might in this case be a few big players selling out, so to keep demand stable, selling "fresh" money is on hold until the trigger is... well, trigged...? Uhm, you know what I mean. The "circuit breakers" are triggered when the /average/ exchange rate goes up or down 10-percent or more. As the average exchange rate is constantly stable (due to injection of "fresh" currency by sales from the Supply Linden account) it would take vast vast vast amounts of currency for this to happen. A "few big players" actually can't trigger this event on their own (or even collectively) as they'd hit their trading limit before they could put enough currency into the market (this is why the "few big players" either set up and/or use third-party exchanges). For all we know, for example, the OP has nothing in their PayPal account and thus is unable to buy currency.
Raudf Fox (ra-ow-th) Join date: 25 Feb 2005 Posts: 5,119	08-06-2007 10:20 From: Elex Dusk For all we know, for example, the OP has nothing in their PayPal account and thus is unable to buy currency. Or they need to reenter the payment information, or they met their allowed trading limit in purchases or LL is having billing issues again. It could be anything, and without more information we can't say which it could be. Samaira, go to the my account at the top of the login screen. There are two things you'll want to check: One is if where you are at in your trading limit. If you have/met exceeded, then you will not be able to buy L until the next billing cycle. If this isn't the case, then you may want to try to reenter the billing information. _____________________ DiamonX Studios, the place of the Victorian Times series of gowns and dresses - Located at http://slurl.com/secondlife/Fushida/224/176 Want more attachment points for your avatar's wearing pleasure? Then please vote for https://jira.secondlife.com/browse/VWR-1065?
Archer Braun Registered User Join date: 12 Nov 2006 Posts: 190	08-06-2007 11:57 Try buying a vowel, instead. Consonants are just overrated. Some of the best conversations in my life have happened using vowel sounds alone... http://forums.secondlife.com/images/icons/icon10.gif