IMVU offered to help her out with changing the prices and reimbursements. Also realize that a few devs got disabled for far less than that company has done. She’s a business woman and should know better. Even if someone does not read the tos, they are still expected to adhere to it and she did not. That’s no one’s fault but her own.

Many people are disgusted by the outcome of what happened. Many people would like to see her gone. I, for one.

I also don’t get the lack of records bullcrap. Any SOLID business person would keep record of EVERYTHING. That is purely irresponsible on her part. I’m glad she’s not my boss. I’d've quit a long time ago.

Time to grow up anshe and face the facts, you’re all washed up.

She has been able to do things in the past that would get other developers suspended or disabled entirely. It is great to see IMVU finally holding her responsible to their terms of service.

A

Well, if theres one avatars name that became truly famous in second and real life, its Anshe Chungs: The Anshe Chung Studios, Ltd. [SLurl], founded by her and her husband Guni Greenstein, is the 800 lb. gorilla of th…

if she wants to make her own currency, cool but this is a game, all this economics crap takes the fun out of it, first land vultures circling over nubies in flat green sims.

Her prices on the mainland are laughable, she has to police plenty of islands how can she even be having fun anymore?

She can tie her currency to anything she wants but she may be tanking because people dont want to buy her land, i dont play SL for its economic fun, i dont buy land with her stamp on it because i dont like to support the squishing of something i enjoy.

the linden dude owns the game, not her and any time they feel like it they can put a cap on how much land any one person can own. If she wants to start her own game so she can have her own little pyramid scheme, cool, then she can leave everybody in peace.

Let’s say you lived on US soil and you decided you wanted to pay your property taxes in WonkoBuxx, a currency you printed that is based off of the large sum of Silver in your basement, because you don’t trust the US Dollar. They would:
A)Laugh themselves sick
B)Appropriate your land, the silver, the house, the dog who just crapped in your yard and then sell them at pennies on the dollar to make up the amount you owe them in property taxes because you chose to hand them a wad of WonkoBuxx, even though you say that those WB’s are backed by the silver that they have just recently appropriated.
C)If there is any left (and it’s a big if), give that remainder back to you in US Dollars and allow you to take it to any exchange you choose from then on to put it in the currency of your choice, which will then screw you for an exchange fee.

I’m starting to ramble, unfortunately, and I hate that… But I look at SL as a really nifty opportunity. A place that is actually pretty libertarian where I can make, do, and go whatever, whenever and wherever I wish to so long as I do not impinge upon the rights of other people that I have to live with. We have a body more powerful than us that pretty much sits around making our lives easier and only really ever drops the hammer when someone is making it difficult or nearly impossible for the main body to enjoy their freedoms. Just like a real economy, they have to worry about things like inflation, even more so because avatars don’t need to eat, have comfy beds for their herniated disc and wipe their asses with digital toilet paper. The real economy keeps itself in check by having supply and demand based on things we need combined with luxuries we want, a digital economy like this is strictly about luxury. Frankly I’m impressed that the Linden is as good as it is, considering everything you create yourself is either free or has a minimal fee because of the images you choose to import, and everything you buy is a luxury that you’re willing to drop money on because you didn’t think of it first. Also since it is a digital currency that just happens to be tradeworthy for real money, if it was actually capable of competing with a real currency then one if not several governments would be expected to step in and deal with it. That’s just my 2 zoologs, however, but those are also fictional currency…

Nikolai Malthus – Professional Drifter

Further, it seems ridiculous to me that someone could create a “stable” currency, since quite frankly, there is no such thing. I think that if she tried to do this, she would come up against the harsh forces of economics. What would happen to Chung if one day, everyone decided to stop using her currency? How would people convert it back to real money? What if everyone converted it back to real money at the same time and switched back to the L$? How would she control how many A$ there were in the world, and how would she avoid the forces of inflation as the numbers of A$ rose higher and higher?

I can understand how someone would be frustrated by the market value of the L$ falling if they had LOTS of money tied up in L$. If you have $100k USD as 29,000,000 L$ at 295L/USD, and then the value falls to 300L/USD, then you just lost $1,666.66 USD, or 500,000 L$!!! That’s enough to make me sweat, just thinking about it! So I can see where Chung is coming from.

Since Mar. 5, it went from 280L/USD. In that case we’d be talking about not $1,666.66 but $6,666.66!!! That’s basically 2,000,000 L$ (at 300L/USD) lost. That’s about three months’ salary for a person like me, IRL, although in China or many other countries it’s a good yearly wage!

Whether or not Linden Labs is profiting off the fact that their currency is falling, at the expense of those like Chung, you can’t feel too sorry for anyone who makes their living playing A COMPUTER GAME in a currency that doesn’t even fall under income tax laws… seems like the price of a shrinking L$ may be the price you pay to make your living from playing a computer game.

That said, one can certainly understand Chung’s position, and why a stable currency would be valuable to someone like her. Unfortunately she may be learning the hard way that you don’t bite the hand that feeds you, even when it is perhaps taking some money out of your pocket.

Just my thoughts on the matter…

- Anonymous SL N0oB

Some April 1st drama in Second Life that appeared to be anything but an April Fools joke. The land baroness Anshe Chung, toted as Second Lifes richest resident, was temporarily suspended allegedly for being in arrears on tier fees to Linden L…

Also because this will be ‘cross game’ I wonder if she realizes that momentously STUPID problems that creates. (And what server farm she’ has in her basement to take note of who has Strange idea #1.. team up with Google if she’s has a partial success in this operation. I can see it now: The Anshee$ is now called the Googlpi.)

If she keeps volume low and makes it’s worthwhile, she might be able to make something of her currency.

About the company she had making profit, then perhaps she should consider it as only needed for special services nobody else can offer, like the cross world services.

Meh.. I’m rambling about things I’m sure you’ve heard from other sites. I’m tempted to call Kramer or other money nerds in here….

New ideas: Corrective measures should be taken. my idea for this is as follows(is LL listening?)

A) STOP GIVING NEWBIES 5k! this is vital.. give newbies 400 hundred or maybe even make them work for the first currency units. (Assuming this is a non dividable currency like the yen(

2) Make the current players realize that this is good for them and no fortunes are lost.

3) Make cheaper housing in the long run, put a stop in the market of virtual economies. make cheap LL funded housing. *hey! It’s not like your BUILDING REAL housing.. just programming in new housing and saying your building it.) Remember, this is NOT real life. It’s is computer simulated things.

Might be a good idea) Teaming up with a few companies to provide REAL WORLD things using the LindX currency. Provide spending options other than ‘convert into USD then spend’. Thsis with make HARD GOODS part of your economy.