Tuesday, September 06, 2005


I'm gathering a compendium and tally of in-world Katrina donations thus far, which already exceed US$3000 (and that's not even counting some 15-plus benefits I've tracked down on the Events listings from yesterday back, or the events to come.) If you've helped run a Katrina benefit in SL, please go here to help me compile the donations list.

Also, a point of advice: if you want the community's L$ donations to have the most US$ value, consider selling them on the open market in smaller chunks over the next few weeks. I say this, based on the experience of the folks who ran the SL Relay for Life last week, to benefit the American Cancer Society. Having raised the Linden Dollar equivalent of US$5,750.00, the organizers sold that currency on Gaming Open Market, only to see the market rate of L$ sharply drop:

As we collected Linden dollars "L$" (the virtual currency of Second Life) we immediately had them sold on the market at market price. Over a very short period of time supply of Lindens outpaced demand and the exchange rates fell. In a sense by releasing that much currency into the market we devalued it from about $3.67 USD per L$1,000.00 to about $3.52 per L$1,000.00. This is a devaluation of 4.08%.

More at SL Future Salon here.

Anyway, the lesson there seems to be, don't drop it all at once. There are now dozens of Residents planning to sell millions of Linden Dollars for US$ to benefit Katrina's victims. Selling too much too quickly will cause the overall donation value to drop, meaning less for the victims. (And much less important, but still of consequence, cause a fairly impactful burp in Second Life's overall economy.)

Posted at 04:23 PM | Permalink


TrackBack URL for this entry:

Listed below are links to weblogs that reference DOCUMENTING DONATIONS:

» Graduates Prefer Cities for Jobs, Culture from ollege Graduates
ollege Graduates Chase Jobs, Culture to Big Cities, AP Analysis Shows [Read More]

Tracked on May 19, 2006 4:24:46 AM

» Gynecologists Fed Up With Morning-After Pill Roadblocks from Ask Me' Campaign
Ask Me' Campaign Encourages Female Patients to Get an Advance Prescription [Read More]

Tracked on May 21, 2006 2:28:28 AM

» Silicon Insider: The Solid State of Samsung from Laptops Are the
Are the Latest Example of the Company's Cutting-Edge Products and Economic [Read More]

Tracked on Jun 7, 2006 10:28:58 PM

» Report: Restaurants Should Go On Diet from with more fruits
restaurants should dish food and fight fat at the same time, meaning menus with more fruits and vegetables, [Read More]

Tracked on Jun 10, 2006 4:55:52 PM

» Grunfeld Heads To Orlando for Pre-Draft Camp from for the June
this week. Players are put through individual drills and are divided into [Read More]

Tracked on Jun 15, 2006 11:15:37 PM

» Tunisia vs Saudi Arabia Full-Time Score from games with thousands
Feed sponsored by http://www.worldcupadvice.com The best in World Cup 2006 coverage: match-up [Read More]

Tracked on Jun 18, 2006 2:45:57 PM

» Alzheimer's Patch: Better Than the Pill? from Treatment Would
Treatment Would Be Easier to Administer With Potentially Fewer Side Effects [Read More]

Tracked on Jul 24, 2006 10:06:28 AM

» Survey Says: Blogs Not Replacing Journalism Just Yet from size of the blogosphere
Those are pretty large numbers on the face of it, but not quite as impressive when [Read More]

Tracked on Jul 24, 2006 11:42:32 PM

» MUSC Researchers Test Possibility Of Growing Kidneys For Transplant from while, at the
to save the lives of thousands of patients desperatelywaiting for a kidney while, at the same time, cutting costs associated withkidney disease. [Read More]

Tracked on Aug 7, 2006 10:25:23 PM