Charlotte Bartlett

Thanks Molly for this appreciate it!

Hello @Grumpity Linden Sorry to page you directly, but am hopeful you wouldn't mind giving us a few bullet points on the above based on the meeting yesterday. Question: Full Perm Creators track the names of people licensed to sell the items they purchased from them. To date most do not track the Avatar Key, just the user name. With the name change functionality, is there a method to identify the old "name" for the above user case, or any suggestions you can make to the merchant community on how best to manage? Thanks in advance.

that's not a land baron. LL have been transparent in that they make a level of profit from the LINDEX and also print money within that objective / have sinks. When you put in large cash out "markers" it keeps the rate within the range that LL wish it to be.

there is a closed merchants group on FB discussing the above platform - please feel free to Im me if you want in to the discussion...

I wonder why they haven't released the results? it's been 2+ weeks since the competition closed..... @Grumpity Linden will anybody be updating us / or the winners? Thanks

The reason I asked, is I was musing whether LL are also including in that scope where somebody resells (as they purchased from a third party versus the creator) a pirate version of a gacha item so the incoming funds are flagged if the original asset has been subject to a DMCA 3 sellers down the line. The fact you brought the items from the creators so they were legit rules out my theory so thanks for confirming.

I have to ask - I really wish people would not make up metrics to support a fact - it seems to happen in at least 98% of posts (hah a little joke there) - nobody here knows how many people are male, female, or any other gender they identify with - they may know their little circle of friends or those they work with - so cite sources if you are using them as I have above otherwise it's meaningless data dreamt up by some unknown "source"? We also don't sell direct to our customers, it's all facilitated via their avatar so we can't also create actual consumer trend metrics to test against etc. It's one reason why it's so hard to track the Lindex situation as there are not sufficient metrics published so even with data scraping daily - the best you can see is the larger movements (e.g. 120,000 USD moved two points below the active sells in 24 hours, or the merchant who cashed out 19.6K USD twice in 7 days as it was the largest trade of the day). It's why I can't tell if LL are printing despite monitoring the Lindex real-time and taking data to evaluate. I can tell they are stabilising the rate so it's exactly at the rate within 2 points they want it at.

Thanks I remember reading that. To date I haven't been able to capture the underlying pattern if the money being "printed" is still actually selling to residents as it's real time and LL don't make appropriate metrics available to draw any proper conclusions. I would like to get an updated statement from the more recent CFO on it (esp as they are also CEO of Tilia I believe)..... paging @Ebbe Linden (what are the odds of a response do you think).

For those of you that had it happen with Gacha - did you purchase the item from the creator direct at the event/store or from another third party reseller?

oh great idea - thanks Pam!!!!

LL back in 2006 would gain about a small amount (less than) 10% of their revenue from transactions on the LINDEX (source - John Zdanowski, CFO of Linden Lab back then). They also actively (then at least) managed the flow to stop the L$ appreciating against the dollar when it was the good old days of growth. They did this via Linden stipends, selling L$ directly (so it was not always another user on the other end of that purchase transaction) and finally the "sinks." Now I don't know what their policy is today on their money printing activities perhaps somebody more informed can cite a source who had commented more recently. But as we have seen increased revenue streams coming from the merchants with a reduction in revenue streams coming from Land - perhaps LL have also adjusted over the years the balancing act between printing, sinks and stipends as a result and whether that less than 10% is still the case? There is definitely not a free fall going on, I believe there is still management of the rate happening as there isn't sufficient volatility based on the USD movements externally over the same period. Not sure what LL have said themselves on that front and if that contradicts any statements.

I am not really very experienced or good with Jira. I wondrered if anybody could help me? I put this in the merchants forum as the actual request is relating to Marketplace for Merchants so was hoping some of you may have some experience when you raised requests on Jira. I raised https://jira.secondlife.com/browse/BUG-228041 Dan Linden closed it as he said it was a duplicate of https://jira.secondlife.com/browse/BUG-227977 The scope of mine is significantly deeper and actually different as I wrote it - but they are definitely linked as in they are asking for changes with similar areas of marketplace functionality. I had 92 watchers on the one I wrote, so a few questions 1 - Do the people watching the closed one get updated on the one they kept open and linked to it? Or do they have to go in and watch that one too? Do you have to go in and manually keep an eye on your dashboard or does it fire off an email to you if something changes? 2 - has anybody had any experience with LL's approach to then defining the scope of a change - I am wondering if they ignore the closed request or take into account any of the elements in it that are not included in the other request. 3 - I have no idea how to add a comment to the one ending 977 to ask them to consider the scope that is not duplicated - is that restricted to key people etc? Or is it bad etiquette to do that as it's somebody else's request and the fact LL closed mine means all requirements I wrote in it are out of scope (they differ from the duplicate substantially)? I suspect I went too far into asking for the unachievable ha so the cost/benefit wouldn't stack up for them to do it. Who is to say my idea was any good (It probably wasn't) so the fact they closed it means in reality nothing can be considered from it. Sorry it's made me realise how clueless I am with these things, and now feel a bit silly! Thanks

Money Market Accounts at Financial Institutions should be performing KYC and validating your address. It wouldn't be each year, more likely each 5 years they would refresh their data and it may be they are able to do that via your credit and other reports versus asking for your documentation again.

Out of interest, what type of RL institutions are you talking about?

Not sure if this is helpful but as a bit of background: This is dependent on which country you are in, but let's assume USA. Any bank opening an account for you would require similar ID to the above, and all would require your date of birth, social security number and photo ID. If your photo ID has an address on it (e.g. DL versus Passport) they may be flexible on the second proof of address* but see below on why this is. Tilia are simply complying with regulations like the Patriot Act etc to ensure you are whom you say you are. It may be a bit unusual to provide a photo of the social security card - but I suspect this is due to the fact they are not running a credit check to validate your identity when you cash out, so this is their method to validate it's a correct SSN / *address (utility bill) versus running a check directly. Tilia is registered via FinCen and an "exchange". As a result they are defined as a Money Service Business and had to implement a risk-based know-your-customer (KYC) and anti-money-laundering (AML) program, and also file suspicious activity reports (SARs) where warranted. (Linden Research Inc. was also registered prior to Tilia). The regulation around virtual currency is tightening up, for example this year Americans will see on their tax returns a specific question around any dealings they have had in virtual currency. I suspect we will see a regular requirement to refresh our ID information with Tilia (e.g. once every x amount of years) as they are also required to ensure they revalidate information during the life of your relationship with them.