
Although I actually read the key metrics, I leave them for
Tateru to comment on. However, this time there was an interesting comment in there:
September saw a major recovery from the sudden slump in Lindex sales in August. While July had shown nearly US$600,000 in sales, August's sales had dropped to US$163,239, but recovered in September to a much healthier $573,501.
This is, as anyone who follows my daily reports, can tell you, nonsensical at first sight.
Today's report is about typical - US$59,000, which gives us monthly sales of somewhere around US$1.75 Million, rather than about US$0.5Million.
The difference lies in what they mean: LindeX sales from the monthly summary are actually supply linden sales, rather the sum of daily sales figures (which is somewhat confusing, but there you go). From Linden Labs perspective $593,501 is far healthier than $163,239, because it is, essentially, pure profit for them. From our perspective though what does it mean? Well,
Supply Linden was introduced as a tool to control exchange rates, albeit only in one direction, and to keep them stable. When someone (or some subroutine more likely) notices a tendency for the L$ to strengthen too much, LL put out some L$ on the market at a suitable price. Supply increases and the price drops - in this case the drive to strengthen the L$ is abated. August was obviously a month with relatively little pressure that way, September more typical.
You can question the value, and even the ethics of this process - many people did when it was announced. Whether or not you agree with it, and despite my doubts amongst many others, the process does work. The exchange rate varies a bit of course, but floats around the L$270 mark quite reliably, and has done for as long as I've kept records and indeed
for over a year now.