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Lilith Thaler

Sell Lindens

Question

Hello, i sold lindens but i dont know how to withraw.

Many years ago i withraw trhough paypal

I read something that i dont understand 

 You may only process credit due from net proceeds from sales of Linden Dollars.

I dont know the meaning of net

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Posted (edited)

In this case, net does not mean the internet. It means the proceeds (the US$) you got in your account from selling your L$. They have spelt it wrong. It should be nett, with 2 't's. You can withdraw it to PayPal.

(It may be that the americans have been contrary by dropping the 2nd 't'. They do like to muck about with spellings.)

Edited by Phil Deakins
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Posted (edited)

netdef.png.db3aab7c11250dd7de7f76ba48317d04.png

 

(For centuries, there has been a movement to reform the spelling of English. It seeks to change English spelling so that it is more consistent, matches pronunciation better, and follows the alphabetic principle.[1]

Common motives for spelling reform include quicker, cheaper learning, thus making English more useful for international communication.

Reform proposals vary in terms of the depth of the linguistic changes and by the ways they are implemented. In terms of writing systems, most spelling reform proposals are moderate; they use the traditional English alphabet, try to maintain the familiar shapes of words, and try to maintain common conventions (such as silent e). More radical proposals involve adding or removing letters or symbols, or even creating new alphabets. Some reformers prefer a gradual change implemented in stages, while others favor an immediate and total reform for all.

Some spelling reform proposals have been adopted partially or temporarily. Many of the spellings preferred by Noah Webster have become standard in the United States, but have not been adopted elsewhere (see American and British English spelling differences). Harry Lindgren's proposal, SR1, was popular in Australia at one time.

Spelling reform has rarely attracted widespread public support, and has sometimes met organized resistance.

There are linguistic arguments against and for reform, for example that the origins of words may be obscured, or on the contrary that current orthography obscures much. Another argument is that the cost of wholesale change would be large. However, many texts are in computers, and can easily be transcoded to serve new and old readers.)

https://en.wikipedia.org/wiki/English-language_spelling_reform

Edited by Blush Bravin
Added information on spelling reform
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Lilith, you should be able to transfer money that is in your $USD Balance out to your verified PayPal account by doing a "Process Credit" transaction.

The information message you got regarding "net proceeds" simply means that you can transfer money that you got from selling $L.  

As I understand it, however, you cannot:

  • Use the Limit Buy option to purchase a quantity of $L at a price no one will meet, then
  • cancel the order to get the money into your $USD balance, and then
  • Transfer the proceeds back out to PayPal

In that case, the money in your $USD Balance would not be "net proceeds from the sale of $L", and that would be "money laundering."

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6 hours ago, Phil Deakins said:

They do like to muck about with spellings.

Sheesh,  you people  can't  even get your own language right,  good thing  we are over here to correct your blunders

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