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  #1  
Old 10-29-2017, 02:59 PM
NachtMystium NachtMystium is offline
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Quote:
Originally Posted by Baler [You must be logged in to view images. Log in or Register.]
There comes a point where people are so rooted in their own belief they can't even hear you if you're screaming it in their face. And that's what is happening. Shit posting and people looking for me to slip up and say something dumb.

I never claimed to be the all knowing economist. But I know for a fact that P99 and other emulated mmorpg servers are not supply and demand. And just because YOU don't have my experience doesn't mean I'm wrong. But if you're unwilling to even consider the idea then anything I say will just be another log on your fire.

inb4 someone quotes a specific spot or trys to twist my words. I make 1 post and people start having a conniption. jeez.
It's not that you "just made one post not claming anything"

It's that you made a post refuting someone and if someone asks you "What do you mean?" You just reply with "You're just wrong, sorry if you don't believe me". Not a very engaging discussion and worthy of mockery.
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  #2  
Old 10-29-2017, 03:19 PM
Faiding Faiding is offline
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Quote:
Originally Posted by Baler [You must be logged in to view images. Log in or Register.]
There comes a point where people are so rooted in their own belief they can't even hear you if you're screaming it in their face. And that's what is happening. Shit posting and people looking for me to slip up and say something dumb.

I never claimed to be the all knowing economist. But I know for a fact that P99 and other emulated mmorpg servers are not supply and demand. And just because YOU don't have my experience doesn't mean I'm wrong. But if you're unwilling to even consider the idea then anything I say will just be another log on your fire.

inb4 someone quotes a specific spot or trys to twist my words. I make 1 post and people start having a conniption. jeez.
Any market, real or virtual, that has an exchange of goods or services incorporates the economic principle of supply and demand. What you really meant to say was "some emulated mmorpg servers have a lower price elasticity of demand than others".

Other than that, you are simply incorrect.
  #3  
Old 10-29-2017, 03:34 PM
fadetree fadetree is offline
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Quote:
Originally Posted by Baler [You must be logged in to view images. Log in or Register.]
There comes a point where people are so rooted in their own belief they can't even hear you if you're screaming it in their face. And that's what is happening. Shit posting and people looking for me to slip up and say something dumb.

I never claimed to be the all knowing economist. But I know for a fact that P99 and other emulated mmorpg servers are not supply and demand. And just because YOU don't have my experience doesn't mean I'm wrong. But if you're unwilling to even consider the idea then anything I say will just be another log on your fire.

inb4 someone quotes a specific spot or trys to twist my words. I make 1 post and people start having a conniption. jeez.
Well, alright, so explain it. All you've done is say people are wrong and should google. Explain what you mean, please, I actually am interested. I like economics theory, and I'd be interested in what you have to say besides 'you are all wrong'.
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  #4  
Old 10-29-2017, 03:37 PM
Pokesan Pokesan is offline
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thread is supplying the lols but i must demand more!

good troll baler-kun
  #5  
Old 10-29-2017, 03:56 PM
NachtMystium NachtMystium is offline
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Quote:
Originally Posted by Pokesan [You must be logged in to view images. Log in or Register.]
thread is supplying the lols but i must demand more!

good troll baler-kun
"I was only pretending to be retarded!!!"
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  #6  
Old 10-29-2017, 06:39 PM
Lhancelot Lhancelot is offline
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Quote:
Originally Posted by NachtMystium [You must be logged in to view images. Log in or Register.]
"I was only pretending to be retarded!!!"
I am highly disappointed in Pokesan, giving troll credit when Baler was 100% serious in his highly intelligent (sarcasm there) argument of why p99 "is not supply and demand," whatever that even means. [You must be logged in to view images. Log in or Register.]

To the point of fungis rising, I honestly believe they have been rare enough that all it took was for 3-5 people to bump the price up on them to make them seem to have gone up in worth.

Fatjoe and Co. seem to have stopped their fungi tunic farm machine awhile back, and since then you don't see a fungi hitting the market every other hour. (Slight exaggeration, but there were far more fungis being farmed and sold 1-2 months and further back.) Not to say only Fatjoe was farming fungis for sales but I just noticed him more than others in the past.

As for Seafuries, I feel these have nothing to do with prices going up or down. Some things have gone up lately, while others have gone down. Mostly high end items seem to be more expensive than in the past while low tier items have dropped. Seafuries being nerfed wouldn't have this kind of impact on item prices imo.
  #7  
Old 10-29-2017, 05:08 PM
dbouya dbouya is offline
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Well for one everquest is too small of an economy to see supply and demand hold up reliably. it's too easy for something like one man on earth owning every pig on earth (didn't that actually happen once or some shit in the 1910s?). It's too easy to setup an epic MQ cartel that price fixes to keep prices high, not even necessarily for profit, but to justify their own interest in the task with their guild in the first place.

But it's hard to see what baler's point is when he doesn't elaborate.
  #8  
Old 10-30-2017, 01:36 AM
fastboy21 fastboy21 is offline
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Virtual world economics are actually kind of interesting, especially when they interact with real world money (not p1999 of course).

Its true that one of the fun things about virtual world economies is that not all logical premises that exist in the real world necessarily exist. I.E. Just because something works a certain way in the real world doesn't mean that it will work that way in the virtual world. In the end, if you want to prove something about p1999's economy you have to demonstrate it in the data...which isn't exactly easy to gather or control for.

In any case, I'm not sure what the poster means by saying that there isn't a supply and demand of goods and services in p1999. It certainly seems to me that there is. If he is saying something slightly more subtle, like the real world expectations about supply and demand don't exist that is possible...but it wouldn't be totally analogous imo. There is a limited production of goods, limited demand for goods, etc. Since the problem of scarcity exists in our p1999 virtual world I'm not sure what reason there would be to throw out supply and demand as reasonable describers of p1999's virtual economy.
  #9  
Old 10-30-2017, 02:14 AM
Lhancelot Lhancelot is offline
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Quote:
Originally Posted by fastboy21 [You must be logged in to view images. Log in or Register.]
Virtual world economics are actually kind of interesting, especially when they interact with real world money (not p1999 of course).

Its true that one of the fun things about virtual world economies is that not all logical premises that exist in the real world necessarily exist. I.E. Just because something works a certain way in the real world doesn't mean that it will work that way in the virtual world. In the end, if you want to prove something about p1999's economy you have to demonstrate it in the data...which isn't exactly easy to gather or control for.

In any case, I'm not sure what the poster means by saying that there isn't a supply and demand of goods and services in p1999. It certainly seems to me that there is. If he is saying something slightly more subtle, like the real world expectations about supply and demand don't exist that is possible...but it wouldn't be totally analogous imo. There is a limited production of goods, limited demand for goods, etc. Since the problem of scarcity exists in our p1999 virtual world I'm not sure what reason there would be to throw out supply and demand as reasonable describers of p1999's virtual economy.
OP never mentioned supply and demand, that discussion began with Baler. We still waiting for his explanation of how p99 "is not supply and demand."
  #10  
Old 10-31-2017, 12:58 PM
Dreenk317 Dreenk317 is offline
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Quote:
Originally Posted by Lhancelot [You must be logged in to view images. Log in or Register.]
OP never mentioned supply and demand, that discussion began with Baler. We still waiting for his explanation of how p99 "is not supply and demand."
In a true supply and demand economy, as the supply of something increases, the demand for it would go down, so the price would go down. That HAS happened over the years, looking at fungi tunics in particular, they used to sell for 100k+. But let's take the Tstaff for example. Everyday there are more Tstaffs on the server, yet the price has nearly doubled over the last year. White dragon scales, 6 months ago I know of someone that sold one for 600k, then a few month after that I saw one listed for 250k, just the other week another friend sold one for 400k.

When you look at these three things separately, it's hard to see it as a pure supply and demand system, when the supply for some items simply doesn't reflect in the prices some people are paying.

Supply and demand factors in, sure. But more than that is the factor of what people think it's worth, regardless of the demand or its supply.
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