Click here to consider signing a petition to Linden Lab, requesting that the company continue allowing 3rd party exchanges of Linden Dollars to stay in business. Earlier this month, Linden Lab announced that its Authorized L$ Reseller pilot program will be closed on August 1st. After that, the official, company-owned LindeX will be the only authorized place to purchase L$. However, thousands of SLers depend on 3rd party exchanges to purchase Linden Dollars for a number of reasons, including local payment methods not being as reliable or trusted. DX Exchange, for instance (full disclosure: a sponsoring partner to New World Notes), has about 6,000 members.
The petition is being promoted by a number of 3rd party exchanges, including DX Exchange, and because I have a conflict of interest, I'll refrain from editorializing any further except to say this: If you rely on such a service, and you hope Linden Lab changes its policy to keep them open, consider signing the petition.
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Yeah, good luck with that.
Posted by: joe | Tuesday, June 30, 2015 at 02:03 PM
We had arguably one of the most successful independent Linden Dollar exchanges and when we became really successful and simply wanted to hold larger sums of reserve currency in hand to fill orders to on-demand, it was quickly revealed that LL really prefers to be the only true source. They don't like third parties having too much supply which means you can't really operate at scale the way they've contrived the system. Also, at the time, their risk assessment API was a joke and could not be relied upon. Ultimately, this was a long time in coming. The writing has been on the wall for years now.
Posted by: Max March | Wednesday, July 01, 2015 at 02:13 AM