State of the Economy: Ingame

[Fianna]

So what do you propose to be done about this issue. Uth?

[Dravingar]

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

Before the dupes in question, black sapphires for example were only 1k. As money enters a server, there becomes a disparity between the amount of time required to obtain an item, and the amount of time required to gain the money equivalent to its value.

This results in new players having a significant disadvantage, as evidenced by the earlier posts from new players, and also in players choosing not to farm certain items anymore due to the increased opportunity cost, and increases competition for items whose value has changed the least relative to the value of the currency. More simply stated, not all prices will rise equally and some items will lose sufficient value that they are not worth acquiring. This redirects competition into few scarce resources.

The cause and effect from coin to player requires some individual reflection on the flow within the dynamic. It's not a simple thing that can be explained to someone in a few paragraphs and understood.

The issue with having large amounts of cash injected into the server is that it causes many side effects, the most observable being item recharging, a well-known, valid activity turned into a problem that trivialized raid encounters, due to the widespread availability of plat.

Vendor based tradeskills such as smithing and jewelcraft become devalued as the resource required to level them becomes more available. The list goes on.

The reason why black sapphires went up so much in price is because of the VP turn in ate a BS for every keyed member which caused an even bigger desire for them.

Also for the person saying 1million pp items were selling in EC you are right, it was one the pre nerf fungi stick. Nothing else sold anywhere near that high.

[Dravingar]

Also, sweet double post but who honestly buys items? Farm that shit yourself like a man.

[Epictroll]

why do some people spend so much time and effort into hoarding items and plats when the server can disappear at moments notice? all that data is held at the mercy of server owner who has no obligation to keep ur 'possession' safe and secure. just seems too risky (in terms of invested time) unless u enjoy the journey/experience of sitting at east commons tunnel all day trading.


edit: i'm sure it's not too difficult to make plats and what not but for someone just starting out it's a lot of work to build a pretty powerful char and accumulate great gear no matter how u decide to approach it. i guess once u reach a point where u've built a solid character it becomes easier to forget about the long and sometimes painful journey but looking at it from the bottom it's still a steep mountain to climb. i'm all for the challenge but only if there was some sort of a reliable knowledge that server would be up for years to come would i feel safe to commit. but i understand the joy and sense of accomplishment of having built a powerful char and not to knock on people who graciously offer their time and money to run this server but some of these posts about server economy and item hoarding is surprising to say the least.

[afkbandito]

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

[You must be logged in to view images. Log in or Register.]

lol. It's like every one of these serious threads gets completely derailed.

[slemmykazaam]

j

[john_savage1982]

Simple fix: cap maximum amount of plat at 100k and delete anything above

[Werlop]

If a duper buys items, then the platinum that they created is distributed through the sellers. If a duper dupes items and then sells them, they will have to somehow offload that platinum. Eventually the money or items that they duped become redistributed through the market. After a long period of time, platinum equilibrates and is simply devalued by the relative % of new money that entered the system. Because prices have become stable at levels that are tolerable for even new players, it seems that the duped platinum was either 1. eliminated by banning dupers or the mass platinum purge a few months back or 2. people who dupe millions of platinum only spend a small fraction of that total before realizing that they have nothing else to buy.
If a person dupes 200 million platinum and then spends 500k of it, 500k has entered the economy. If they never spend the other 199.5M either because it is removed or because there is nothing to buy, then that extra money may as well have been burnt.

[slemmykazaam]

j

[Grozmok]

I do farm items.

Just sayin'.