Changes in the LindeX™ Exchange website page to keep SL economy healthy
Eva Artemesia
As we are seeing for a while now, our economy is not working great.
The linden market is stuck for various reasons, our currency is losing value, but I think LL can help us all by making some changes in the LindeX Exchange page.
Second Life should change the description in their website, to explain better how the market works and to direct people that can't wait to an instant payout.
We ask for a easier choice of words and concepts that direct users to make a thoughtful choice when they sell their lindens. By using a simpler interface like "Instant Payout" and "Linden Market for experts" we can help users and also help our economy.
We also ask to add a "Linden Market guide" in the same page explaining how the Limit Sell works, in terms or timing, mostly.
In this way we can help to keep the exchange rate low and have a valuable currency that allows residents and designers to live with their SL incomes.
This attached image is just an example, but it gives you an idea of what we ask.
Thank you.
Log In
Streex Foxtrot
Instant payout is now gone. I guess one less option was to stop confusion.
Spidey Linden
Merged in a post:
API for Current L$ to Real Money Rate
Galaxy Littlepaws
In order to be in compliance with EU consumer protection laws related to in-game virtual currencies, one of the requirements is that when in-game virtual currency or in-game digital content or services are offered for sale, their price in real-world money should be clearly and prominently displayed.
For developers who display the L$ price within SL and their own external websites, it would be very helpful to have an API that fetches the current price of the amount of L$. Perhaps a script function such as
llGetRealPayPrice()
.Information on the requirements: https://commission.europa.eu/document/8af13e88-6540-436c-b137-9853e7fe866a_en
Quuiana Resident
I bought from the viewfinder and it cost me the same money as always grrrrr.
Imagin Illyar
I'd like to see the Lindex gone. Just set a rate and leave it be. 250 would be fine.
HellsCait Resident
I agree i am living in Australia and the amount we pay is ridiculous, I always use the buy now instant when I do. exchange rate also kills
Monamaldita Resident
a limit on price increases, for example, a limit of 250ls per dollar, a ceiling on sales, so as not to devalue the currency as it is. You can only sell below this value and never above it.
Tech Robonaught
They get theirs either way. It would be nice to see ACH transfers (Instead of Skrill and Paypal) so at least one is only paying 5% instead of 10% though.
The average user:
Pays for internet, pays for land, pays for uploads, pays to sell linden, pays to buy linden, pays to exchange and finally 'cash out' lol
Somebody's making money, but it's not us.
Streex Foxtrot
I like this idea but I think I stand payout should be “instant exchange” exchange from linden to USD
We use payout for process credit which would be better termed process payout.
But yes, something needs to be done. This whole process was super confusing to figure out as a business owner.
Eva Artemesia
Streex Foxtrot I like "instant exchange" as well! more professional :D
Streex Foxtrot
Eva Artemesia it does need something. That has a little more compassion for the base line user.
The first thing they teach you in college about web development is “usability”
The professor stated “if your grandma can’t easily user it or understand it- you’ve got a site that isn’t easily usable.”
Streex Foxtrot
I also wish to ad we could use some clarity it would be nice if they told the customer which was the best deal.
I have employees who will only do the market sell (instant exchange) because the lower option makes no sense.
Eva Artemesia
Streex Foxtrot I'm actually starting a group here: https://www.facebook.com/groups/1874481996632669 "SL Residents for a Healthy Economy" where I give my suggestions on the daily rates (in order to lower the insane exchange rate that we have now). I also prepared a guide about how the linden market works that you can find in the same group. trying my best ^^'
Streex Foxtrot
Eva Artemesia I don’t want to join the group.
Lowering the rates or manipulating the market to get lower rates feels, wrong. (Like insider trading and market manipulation)
I am however here for the webpages having clarity!
Eva Artemesia
Streex Foxtrot suggestions and clarity for the LindeX webpage is hardly manipulating anything. that's actually impossible, we can only give advices and teach people how the market works, the market will be the market. I'm here to ask LL to help us giving easier informations to users and trying to have a healthier market. I'm not a magician :D the group was to show you the extra work I am doing, no need to join if you don't feel it!
Christi Maeterlinck
Excellent idea. Specific, informative, and to the point.
Caroly Rossini
The central point of what you have written is to “live off the Lindens”, that is not healthy for the economy of SL, only for the pocket of those who sell. Those of us who are buyers cannot sustain the real-world misfinances of the creators of SL or their excessive ambition. Right now it's not a good idea to improve the economy of the minority with a clown in RL charging whimsical tariffs that eventually each of us will have to pay.
Eva Artemesia
Caroly Rossini SL is based on designers, they keep users inside SL to enjoy their creations. The buyers, or the customers of SL, should stand with the sellers, cause trying to lower the exhange rate is the last step before being forced to raise prices like in RL, sadly. This is a suggestion I am proposing to LL, which is simple and can help everyone.
Caroly Rossini
Eva Artemesia would understand the effort if it were applied to such everyday things as having the same inworld price as in MP, but more and more people are abusing it, preventing their customers from reducing commissions by buying with DC or CC versus buying Lindens, that would be a real contribution, and it would also strengthen a safer platform where good and bad are distinguished by feedback from reviews.
Streex Foxtrot
Caroly Rossini I do not believe that making clarifying changes to wording is a way to strong arm our economy.
If anything making that page easier to understand will help people buy and sell better, and allow them to make better educated choices about what they wish to do with their Lindens/us dollars
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