Filed under: Linden Lab and Second Life, Project Sansar, The Project to Save Second Life
The recent instability in the LindeX Exchange has caused a lot of people to begin questioning the reasons … and the solutions. But to really understand what is happening and why, first we must understand the Math behind the LindeX. Even though I’m not a trained economist, I do know math. Today’s post will hopefully explain things using math but in a basic manner that doesn’t require a sheepskin and a super-computer to comprehend.
The LindeX is a basic “Money Exchange”. That means it lets people exchange one type of money for another. The LindeX specializes in exchanging Linden Dollars for US Dollars. Just like many real-world exchanges, the rate of exchange is subject to many varied influences. Unlike real-world exchanges there is no regulatory agency or body of laws that oversee its operation. In other words, it can go nuts as a result of panic and misinformation, but there is no controlling agency to keep it from going too crazy.
Over the past few weeks, the value of the Linden Dollar has plummeted. There are lots of reasons suggested for this precipitous change. Today we’ll discuss some of my favorite theories. And I promise, you won’t need your Tin Foil Hat .. much.
Before we start let’s review some LindeX™ basics.
Filed under: Linden Lab and Second Life, SL Marketplace, Steam and Internet Gaming
We have always, since as long as I can remember, spent a good amount of time trying to understand what on Earth has possessed the upper management at Linden Lab. By “We” I mean myself and the general blogging population out here. While some of us are content to sniff around at LL’s heels and put up any scraps they drop while calling it “reporting”, those with an actual brain in their skulls prefer trying to be out ahead of the barreling avalanche.
Sure, some of us have some pretty wild thoughts. Some of us are even accused of being mentally unbalanced. (Waves hand!) But I’m reminded of the fact that today’s best fighter jets are as nimble as they are simply because they ARE totally unbalanced … and then I feel all better. But anyway, sometimes the imbalance that passes for my thought process also sometimes comes up with stuff that just might actually be right. And that’s when I post it here and try to pass it off as reality. And so we come to today’s wild-ass theory.