Amity Slade
Active member
- Joined
- Sep 24, 2018
- Messages
- 92
- SL Rez
- 2007
- Joined SLU
- Oct 2010
- SLU Posts
- 3965
A business that is in the business of holding its clients' money for them has a bunch of legal responsibilities to the client and to the government concerning that money. No business wants to take on all those responsibilities for small change, or wants to hold on to those responsibilities for infinite duration. Small dormant accounts are legal burdens, and that's why any business holding on to a client's money wants that client to use it or lose it.
Linden Lab hasn't done a good job of defining the type of account with which they are concerned. Plus the way it has treated Linden dollars has always been confusing. (The "dollar" in "Linden dollar" makes it sound like currency, right?) Remember that when you want to cash-out your Linden dollars, it is not Linden Lab paying you- Linden Lab facilitates a transaction between you and another resident in which the other resident buys your Linden dollars. Linden Lab disclaims any sort of responsibility whatsoever to compensate you for the Linden dollars in your account.
So theoretically you have nothing of monetary value in your account until a third-party buys your Linden dollars, and Linden Lab is holding on to that money from the third-party prior to giving it to you in the form of a cash-out, or paying it to Linden Lab if you owe it money. Or I suppose the other way money gets into your account is if someone buys something on the Marketplace using the option to pay with USD instead of Linden dollars, if that's still a Marketplace option.
So only an account that holds real money that already belongs to you is affected. As far as I know, the only ways to get there are via cash-out, or selling things for USD on Marketplace.
Linden dollars don't qualify as real money. With an account that just pays Linden Lab for its services (e.g. Premium payments and land payments), that money belongs to Linden Lab immediately upon receipt, so those payments to not accumulate as money in your account that belongs to you.
Linden Lab hasn't done a good job of defining the type of account with which they are concerned. Plus the way it has treated Linden dollars has always been confusing. (The "dollar" in "Linden dollar" makes it sound like currency, right?) Remember that when you want to cash-out your Linden dollars, it is not Linden Lab paying you- Linden Lab facilitates a transaction between you and another resident in which the other resident buys your Linden dollars. Linden Lab disclaims any sort of responsibility whatsoever to compensate you for the Linden dollars in your account.
So theoretically you have nothing of monetary value in your account until a third-party buys your Linden dollars, and Linden Lab is holding on to that money from the third-party prior to giving it to you in the form of a cash-out, or paying it to Linden Lab if you owe it money. Or I suppose the other way money gets into your account is if someone buys something on the Marketplace using the option to pay with USD instead of Linden dollars, if that's still a Marketplace option.
So only an account that holds real money that already belongs to you is affected. As far as I know, the only ways to get there are via cash-out, or selling things for USD on Marketplace.
Linden dollars don't qualify as real money. With an account that just pays Linden Lab for its services (e.g. Premium payments and land payments), that money belongs to Linden Lab immediately upon receipt, so those payments to not accumulate as money in your account that belongs to you.