Economy - Plat

[Jimjam]

Plats only really any good for buying muffins, bandages and cloudy pots (plus some scrolls and milk if your toon is a nerd).
Beyond that it only has value as people have confidence in it.

As you can see above: big time cash farmers have basically lost faith in it. This, coupled with the removed sinks, decreases the value to other players of each pp you own.

Item trades are the real wealth transfers now.

[Samoht]

Platinum is infinite. NPC merchants never run out. Mobs will always spawn with more. The only factor restricting the inflation of platinum is how quickly the community can kill the mobs or farm the trash gems to sell to vendor in order to make more platinum. In all actuality, this makes platinum pretty much worthless.

The items we buy with platinum are more rare. They are limited to the respawn timer of the source mob and the chance the mob spawns multiplied by the chance the item drops. Some items no longer drop. And then players remove items from circulation by either hoarding them or equipping them on their character with no intention of ever selling. This makes a lot of items priceless.

These two factors lead to inflation. There is no limit to the amount of platinum in the market, and while most items will be replaced as soon as they are sold, some items are sold never to be seen again. Items in the market are worth a lot more than plat, so the price goes up.

Another contributing factor is that the server is top heavy. Players have multiple characters they are seeking to gear, so the demand on good gear goes up. When the demand goes up, people fill the need by supplying more, but the supply cannot always keep up, and if the item no longer drops, then the price of the item will continue to increase with demand like the legacy items.

A good example of this is the price of fungi tunic. There are more characters on the server every day whether new players or existing players creating new characters, so there's a constant demand for fungi tunic. More and more platinum enters circulation every day, but there's only a small number of new fungi tunics every day. The price will go up as long as there are new players and new characters that need fungi tunics because the fungi tunic is worth more than the plat used to buy it. This will continue until everybody who wants a fungi tunic has one and there are fewer new characters or players entering the market than new fungi tunics so that the supply exceeds the demand.

Price for things like mana stone, prenerf fungi staff, circlet of shadows, elder beads will only ever go up until somebody either finds a forgotten cache of the items or until some outside factor like nerfing elder beads. There are no new ones entering the market, and most of the time when an existing one is claimed, it's permanent never to be resold.

[Twochain]

Originally Posted by Samoht [You must be logged in to view images. Log in or Register.]

Platinum is infinite. NPC merchants never run out. Mobs will always spawn with more. The only factor restricting the inflation of platinum is how quickly the community can kill the mobs or farm the trash gems to sell to vendor in order to make more platinum. In all actuality, this makes platinum pretty much worthless.

The items we buy with platinum are more rare. They are limited to the respawn timer of the source mob and the chance the mob spawns multiplied by the chance the item drops. Some items no longer drop. And then players remove items from circulation by either hoarding them or equipping them on their character with no intention of ever selling. This makes a lot of items priceless.

These two factors lead to inflation. There is no limit to the amount of platinum in the market, and while most items will be replaced as soon as they are sold, some items are sold never to be seen again. Items in the market are worth a lot more than plat, so the price goes up.

Another contributing factor is that the server is top heavy. Players have multiple characters they are seeking to gear, so the demand on good gear goes up. When the demand goes up, people fill the need by supplying more, but the supply cannot always keep up, and if the item no longer drops, then the price of the item will continue to increase with demand like the legacy items.

A good example of this is the price of fungi tunic. There are more characters on the server every day whether new players or existing players creating new characters, so there's a constant demand for fungi tunic. More and more platinum enters circulation every day, but there's only a small number of new fungi tunics every day. The price will go up as long as there are new players and new characters that need fungi tunics because the fungi tunic is worth more than the plat used to buy it. This will continue until everybody who wants a fungi tunic has one and there are fewer new characters or players entering the market than new fungi tunics so that the supply exceeds the demand.

Price for things like mana stone, prenerf fungi staff, circlet of shadows, elder beads will only ever go up until somebody either finds a forgotten cache of the items or until some outside factor like nerfing elder beads. There are no new ones entering the market, and most of the time when an existing one is claimed, it's permanent never to be resold.

Funnily enough, if Green dumps into Blue as has been the plan since before Green, Blue will be getting a HUGE cache of legacy items on the market. Beads/Manastone/Circlet of Shadow will probably never be as expensive on Blue as they are right now if that's the case. Prenerf fungi stick is probably a little different though... How many even dropped on green?

[Scalem]

Originally Posted by Twochain [You must be logged in to view images. Log in or Register.]

Funnily enough, if Green dumps into Blue as has been the plan since before Green, Blue will be getting a HUGE cache of legacy items on the market. Beads/Manastone/Circlet of Shadow will probably never be as expensive on Blue as they are right now if that's the case. Prenerf fungi stick is probably a little different though... How many even dropped on green?

5

[Gustoo]

It would be nice if the team brought over the luclin style casino vendor in order to un-inject plat from the server.

[Allishia]

Originally Posted by Gustoo [You must be logged in to view images. Log in or Register.]

It would be nice if the team brought over the luclin style casino vendor in order to un-inject plat from the server.

Or unnerf the clickys ! [You must be logged in to view images. Log in or Register.]

[Izmael]

Originally Posted by Gustoo [You must be logged in to view images. Log in or Register.]

It would be nice if the team brought over the luclin style casino vendor in order to un-inject plat from the server.

That would be the exact contrary of nice. That would be catastrophic and would destroy P99 as we know it. The whole point of P99 is legacy items being legacy.

Hopefully, RogBog aren't ever going to do anything like that.

HOWEVER, you are right that there's too much plat and there's a need for a plat sink. One sink could be exp. Simply put, convert plat to exp. You can already do it by buying PL, except it's not that common because it needs several factors to click together - someone willing to buy PL, someone with the right class AND the right level willing to sell PL, all at the same time. Not to mention, it doesn't actually destroy plat, it just moves it around.

If there was an NPC that accepted (level x 10,000 pp) in order to ding you... that would make sense.

It would be not classic - but having a 12 years old server locked in Velious isn't classic either. It would probably help bringing plat reserves to a more reasonable level, which WOULD be classic.

[karadin]

Originally Posted by Samoht [You must be logged in to view images. Log in or Register.]

Platinum is infinite. NPC merchants never run out. Mobs will always spawn with more. The only factor restricting the inflation of platinum is how quickly the community can kill the mobs or farm the trash gems to sell to vendor in order to make more platinum. In all actuality, this makes platinum pretty much worthless.

The items we buy with platinum are more rare. They are limited to the respawn timer of the source mob and the chance the mob spawns multiplied by the chance the item drops. Some items no longer drop. And then players remove items from circulation by either hoarding them or equipping them on their character with no intention of ever selling. This makes a lot of items priceless.

These two factors lead to inflation. There is no limit to the amount of platinum in the market, and while most items will be replaced as soon as they are sold, some items are sold never to be seen again. Items in the market are worth a lot more than plat, so the price goes up.

Another contributing factor is that the server is top heavy. Players have multiple characters they are seeking to gear, so the demand on good gear goes up. When the demand goes up, people fill the need by supplying more, but the supply cannot always keep up, and if the item no longer drops, then the price of the item will continue to increase with demand like the legacy items.

A good example of this is the price of fungi tunic. There are more characters on the server every day whether new players or existing players creating new characters, so there's a constant demand for fungi tunic. More and more platinum enters circulation every day, but there's only a small number of new fungi tunics every day. The price will go up as long as there are new players and new characters that need fungi tunics because the fungi tunic is worth more than the plat used to buy it. This will continue until everybody who wants a fungi tunic has one and there are fewer new characters or players entering the market than new fungi tunics so that the supply exceeds the demand.

Price for things like mana stone, prenerf fungi staff, circlet of shadows, elder beads will only ever go up until somebody either finds a forgotten cache of the items or until some outside factor like nerfing elder beads. There are no new ones entering the market, and most of the time when an existing one is claimed, it's permanent never to be resold.

This pretty much covers everything.

[Barlu]

Another consideration is that some guilds have rules against selling raid gear. It is not supposed to be sold unless you can replace it. For BiS pieces like White Dragon Helm or AoW pants they are pretty much BiS so they have to consider that risk.

One of the things that EQ did so well was having a form of currency that people can actually use to trade. I know some people have strong feelings about how recharges work, but without those sucking platinum out of the economy then plat would be essentially worthless. For those of us that played Diablo 2, you probably remember that gold was worthless and everyone is having to trade items using other items (SoJ) as a unit of measure which I never liked. Being able to convert items to plat to then use to buy other items is much more convenient.

[Toxigen]

Originally Posted by Barlu [You must be logged in to view images. Log in or Register.]

Another consideration is that some guilds have rules against selling raid gear. It is not supposed to be sold unless you can replace it. For BiS pieces like White Dragon Helm or AoW pants they are pretty much BiS so they have to consider that risk.

A lot of those pieces were acquired in guilds of old. As soon as you're not tagged its yours to trade.

Additionally there are a significant number of folks out there using dkp exclusively for droppable items, too.