what is a coin sink????

What is a coin sink?:Earthguard Race

What is it used for?:Sinking coins.....

Thanks in advance:Your welcome.

FiDollaYou - Sanctuary wrote: »

Short, non-technical answer, the more coins that are currently in the game, the more stuff tends to cost in player-player transactions.

And, in order to reduce the amount of coins on player-hands, they make a coin sink, as, increasing the price on teleporters or the option to buy DQ points with in-game coins.

That or the fee increase on decomposing armor, the fees on sharding an armor (Yes, you have to pay to imbue shards) and such.

Demonicin - Lost City wrote: »

whats a coin sink?

Perfect World International.

LenieClarke - Heavens Tear wrote: »

MMORPG economics are weird. in game, money almost literally does grow on trees --- it drops from monsters you kill. money is created, out of nothing, by the simple act of people playing the game; this creates a theoretically infinite supply of coin.

(this is also subtly and importantly different from the real life situation of money being created by bank loans. but that explanation would get long and off topic.)

Ever wondered why the US dollar is doing so badly against the rest of the world at the moment? (The Australian Dollar is worth more and has been for months now)

In game economics is no different to the real world at all

Money is created from nothing, it has been half a century since currency had any value (tied to gold) - this is called Fiat Currency

There are plenty of youtube vids about this.
Check youtube for terms such as 'Federal Reserve, World Bank, Inflation' and you will get a better idea of what I am talking about (I do have specifics but will let you take your own journey of discovery - Welcome to Wonderland Alice)

I dont really have my head around this subject too well but:

Lets look at perhaps the average 95+ players

High levels get TW rewards and better rewards from grinding so they get money for nothing (sort of)
5aps now continually run nirvana for drops
They may be the category that uses real money for zen especailly more recently for the sales and earlier for the rep

So generally they might have plenty of in-game coins.

What this means is that they are also more likely to buy what they want in so far as cash shopping and not want to waste time shopping around (ie - its more profitable to buy something slightly dearer if it saves time and they can get back to grinding or Nirvana)

Obviously then prices just go up and up and up until finally it reaches a plateau where even the rich wont pay any more for something. But by that time everyone else is out of the market and cant buy anything. The effect is best seen in the gold price market, and who knows what that plateau is, because the prices havent stopped going up in a long time.

For this reason they create sinks to remove money from the game attempting to therefore slow the expenditure of the rich.

Have a look at the cost of guild bases if you want to see a coin sink - holy **** that costs some dollars. But for those high levels, charms are also a big coin sink.

But have a look in the auction house at the cost of sage/demon books if you want to see how others suffer. High level or cashed up players can do the high level instances more easily and one reward is the book drops, and since they arent desperate for money sit the book prices very high. I, for example, cant afford to buy any in the AH, yet there are many of the same ones that seem to never sell, yet the prices dont come down, likely because the holders dont need the money.

I think have teleporting as a coin sink really sucks, and that the economy doesnt benefit when the coin sink effects every player, even the poor. I believe the coin sink should only affect the rich, but not necessarily give them nothing. Making very useful or powerful items for high levels with a time limit for eg, might be better.

Another consideration is the whole subject of the 5aps sin, which now even spends less on the charms coin sink because of bloodpaint so they get richer and richer and richer.......

Please dont flame this, its just meant to give a very basic precis on something thats actually quite complicated.

Charms and skill books are not coin sinks. Those are just costs.

Remember a coin sink has to have a drain, after coins go through the drain they have to be just gone.

When I buy a charm from a catshop the coins are still there in the catshop. It's just that another player has it but he is free to buy whatever he wants, driving up costs on other stuff. Anything when you pay another player coins is not a sink. Paying an NPC to teleport you or paying an NPC to learn a skill is a coin sink. Those coins are effectively destroyed and can't be used again.

In a stable economy the coin sinks (skills, teleporting, guild bases, people quitting with coins in their account), would equal the coin sources (selling DQs to an NPC, TW bounty, tokens of best luck).

MageMERC - Harshlands wrote: »

Also I wasnt saying that the books are a coin sink. I was saying (true or not, I'm not 100% sure) that the result of too much money in game, similar to rising in gold prices is general inflation and a good example is the cost of the skill books.

no, not a very good example, since the majority of skills can be gotten from tokens and tokens get to a low end plateau, the majority of skills have gone down in price over time actually, the meh skills are dirt cheap when before packs even they were worth a lot , during early packs they were still worth something, if by skills you ment:demon HF, demon fist mastery, demon nova, the few really expensive skills then be more specific

Ugly - Heavens Tear wrote: »

Coin sink is when the ship of captain Sparrow full with coins and gold bars sink in the ocean b:laugh

How about a kitchen sink made entirely out of coin glued together? o.o

coin sink..uhh lets see.hmm guild base is one..uhhh..tw is another..uuhhhh ah andits fee's..buying goldin ah and its fee's.hmmmm basicly other stuff that dont benefit your character as well is a coin sink.