Colwyn
05-26-2006, 02:16 PM
Second Life: Philip Rosedale Town Hall Transcript on MMORPG Gamer (http://www.mmorpg-gamer.com/modules.php?name=News&file=article&sid=1179)
The Linden Dollar has gone up, recently. That is to say, it has gone down in value in relation to the US$. We made a change to the Terms of Service which was designed to impart a service notice that in the future we might sell Linden Dollars on the Linden Dollar exchange. I wanted to talk about that a little bit.
Part of this is repeating what I said in forum postings, and part of this is new information. The thing that I said prior to the forum postings is 'We are not currently selling Linden Dollars'. We're not, that is to say, we're not making any sales of Linden Dollars on the exchange that basically generate US Dollar revenue for Linden Lab. We did put that advice into the Terms of Service, but it is not something that we are currently doing.
Furthermore, as is pretty self evident, the management of an economy, whether it be the economy of a country, or the economy of Second Life, it's essential that anything that happens be completely documented, so that everybody has the same information as to what's happening to the money supply. If we're selling Linden Dollars, how many Linden Dollars are we selling, why are we doing it. What are the pools from which we are collecting those Linden Dollars, etc. So, in any event where we begin selling Linden Dollars, we will tell everybody what our strategy is and then we'll tell people when we sell Linden Dollars. Furthermore, and I did put this in the initial forum postings, the community should keep in mind that there are really two different ways that one could sell Linden Dollars, from the vantage point of Linden Lab.
Source: MMO Portal (http://mmo.portalsnetwork.com/)
The Linden Dollar has gone up, recently. That is to say, it has gone down in value in relation to the US$. We made a change to the Terms of Service which was designed to impart a service notice that in the future we might sell Linden Dollars on the Linden Dollar exchange. I wanted to talk about that a little bit.
Part of this is repeating what I said in forum postings, and part of this is new information. The thing that I said prior to the forum postings is 'We are not currently selling Linden Dollars'. We're not, that is to say, we're not making any sales of Linden Dollars on the exchange that basically generate US Dollar revenue for Linden Lab. We did put that advice into the Terms of Service, but it is not something that we are currently doing.
Furthermore, as is pretty self evident, the management of an economy, whether it be the economy of a country, or the economy of Second Life, it's essential that anything that happens be completely documented, so that everybody has the same information as to what's happening to the money supply. If we're selling Linden Dollars, how many Linden Dollars are we selling, why are we doing it. What are the pools from which we are collecting those Linden Dollars, etc. So, in any event where we begin selling Linden Dollars, we will tell everybody what our strategy is and then we'll tell people when we sell Linden Dollars. Furthermore, and I did put this in the initial forum postings, the community should keep in mind that there are really two different ways that one could sell Linden Dollars, from the vantage point of Linden Lab.
Source: MMO Portal (http://mmo.portalsnetwork.com/)