Linden Lab: L$ buy fee change + 2FA/TPV and Map tile updates – UPDATED

via Linden Lab

There have been a series of announcements from the the Lab – formal and informal – that I’m catching up on.

Linden Dollar “Buy” Fee Change

The biggest – and the one formal announcement – is the notice that Linden Dollar “buy” fees are changing as from Thursday, April 22nd, 2021.

Currently, a flat fee of US $.149 is applied to all Linden Dollar purchases. From April 22nd this will be changing. As of that date:

  • A new 7.5% buy fee will be applied, based on the total value of the transaction purchase amount, up to a maximum of US $9.99 per purchase transaction.
  • The US $1.49 will become the minimum fee charged per purchase transaction.

Examples:

  • You purchase US $15 of Linden Dollars – 7.5% of 15 is  $1.10 and less than US $1.49 – so the fee charged is US $1.49.
  • You purchase US $30 of Linden Dollars – 7.5% of 30 is $2.25 and greater than US $1.49, so the fee charged is US $2.25.
  • You purchase US $150 of Linden Dollars – 7.5 of 150 is US $11.25 and greater than US $9.99, so the fee charged is US $9.99.

Note that this new fee structure only applies to the purchase of Linden Dollars. Fees applied on the sale of L$ when cashing-out remain unchanged.

The reason for this changes has been given as helping to off-set costs involved in assorted service improvements. However, rather than repeat the entire official blog post here, please follow the link to read it in full, and should you be so minded, the lively forum discussion on the change can be found here.

Two-Factor Authentication and TPVs

Two-Factor Authentication (2FA) is a  project the Lab is in the process of developing in order to improve access security across Second Life systems and services (and which gets a mention from Reed Linden in the above forum thread on increased Linden Dollar “buy” fees).

The future introduction of 2FA – and please note, there is currently no time frame for when this will happen – has prompted some to voice fears that it could “put an end” to third-party viewers.

However such fears / concerns are not justified.

Speaking at the Third-Party Viewer Development meeting on Friday, April 16th, both Vir Linden and Grumpity Linden, the Lab’s Vice President of Product commented on the matter:

  • Vir Linden:
We don’t know all the details about how 2FA is going to work, but we’re certainly not going to be disabling third-party viewers. That would be a large change.
  • Grumpity Linden:
That would be crazy and stupid. And while we may make mistakes here and there, on the whole they’re not crazy or stupid…
In general I would like to think that we have shown over many recent years that we’re committed to working closely with the TPV community to make sure that our changes are actually beneficial and incorporated and roll out in a predictable manner, and I intend for this to continue. 

World Map Update

Also at the TPV Developer meeting, Grumpity supplied an update on the world Map tile generation situation:

I’m also going to do a thing that is an absolute taboo and I totally shouldn’t be doing; but we’re in the process of putting out updates to Map generation. So fingers crossed, [things will] get back to normal. It has turned out to be a much bigger effort than anyone had wanted it to be … we wouldn’t have chosen for this to be so hard.

For those wishing to hear the comments via the video recording of the meeting, they can be found at 6:05 through 8:01 in the video, with Grumpity’s Map tile generation comments coming first.

UPDATE 17th April

Alexa and April linden both confirmed the deployment of the new map tile generation software has been successful and is now working better than ever.

2 thoughts on “Linden Lab: L$ buy fee change + 2FA/TPV and Map tile updates – UPDATED

  1. The 7.5% fee is much higher than I would have predicted. I suspect it’ll depress the price of lindens as people hold out to get more for their money.

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