Fixing the Economy

mntainr wrote: »

2 important thing need to be considered. One is that 4m gold cap might be too low, but a cap at an ideal rate is better than no cap, because gold price can get too high, leading to undersirable consecuences. Two is that a 100m coin gained from botting is not simply a demand of 25 gold. A merchant who bot can invest that 25 gold, and in a time of surplus coins as large as this, will add more than just a 25 gold demand.

This thread, why did i open it ? b:surrender Why do i reply again ? b:surrender
Oh well.

1) A gold cap in AH does nothing good, only harm. Gold price is the result of supply and demand only. It does not care about AH gold cap. The gold cap when it is not sufficient to meet the gold price will only make people trade it outside of AH. Thus eliminating both a lot of convenience for the players and ironically, also eliminating an important coinsink in the form of 2% AH fee.

2) One major factor is the total amount of coins available on the server. This means coins that are generated out of nothing (botting, multi alt jolly jones, multi alt BH reward) or the prevention of coin destruction (farming TT resulting in people not spending their coins at the mysterious merchant). Coins made profit at the cost of other players do not cause inflation. It does not really matter who makes the coins.

3) The other major factor is the amount of gold put into the economy by cash shoppers. The less this is, of course the more expensive gold becomes. With the game aging, and PWI support and management dwindling, dollars being spent can logically expected to go down.

4) The third factor that does indeed play a role in inflation is the circulation speed. In real life for example this is why the FED can put so much money into the economy as they did since 2008 without causing inflation. It is because many people are trying to reduce their debts, increase their buffers and banks dont as easilly lend out money as they did. All reducing the circulation of money. In PWI terms it is only about how often the coins are bidding for gold, it does not really matter how fast it circulates between players selling non-boutique items. This seems to confirm your second point. However, you should note that this only goes for the very first transaction. After that it is in other hands anyway. So primary factors on this circulation speed are how fast the gold seller spends his coins, bringing them back into the economy and how much of their coins the population as a whole spends on boutique items vs non boutique items. This circulation speed is a complecated and non transparent matter though. Causing much misunderstanding also in real life even in people who really should know.

What is important to notice however is that this circulation speed can be expected to enhance the inflation or deflation that is already there. If there is inflation, people can be expected to spend their coins faster. I for example try to never hold on to coins, instead i will hold all my assets in gold or boutique items. This increases the circulation because as soon as i get coins, i am going to spend them for gold. Thus increasing the inflation that is the very reason for this behaviour. If there were deflation, the opposite would happen. I would hold a minimum of my assets in gold/boutique items and try to hoard coins, thus increasing the deflation that caused me to do this. Therefore it is a precarious balance for PWI game designers to manage. It is similar in real life and the reason to try and aim for a small but manageble inflation and never to swich towards deflation.

4) Greed does not drive up the price on anything. Merchants dont drive up the price with greed. Only supply and demand drive the price. If you want to take greed into the equation, it would be the merchants greed (supplying more and cheaper than their competetors) that pushes the price down and the consumers greed (demanding more products than the merchants can deliver) pushing the price up.

I will now try to not visit this topic again and not get drawn into the pointless discussions with those who doubt my word and will as always keep on spamming this thread full of more of the same bull**** like has been done with the last 100 threads like this.

Jolly Jones is always a fair standby if you're not capable of autogrinding lvl80 and upward mobs (at level 80 and up, only high value dq items drop... tho they start as early as level 71 mobs). I've been where you are now - try to get a cheap TT 80/90 or if you can afford it, an FC weapon. Try to grind mobs some 5 levels below your character. It'll go slower, but the mobs do less damage that way.

Once you hit level 100, try to tag along on a few easy BHs. SoT, Abbadon, EU and Delta W2/W3 are all very possible with less-then-optimal gear. Play defensively if you do that - use OMalleys and use your class to support the heavy damage dealers rather then to try and do much damage yourself. You'll soon luck out with an excitement card or two and then you'll have money for a good weapon.

Try to get into a starter faction too, usually there'll be players there who can help you out.

raffleman2014 wrote: »

do you guys remember the coin event? in which the GM want use to send ten million big notes? i read the TOS, and im planning to make that kind of raffle also. according to TOS it is not illegal. so do you think it will gonna be effective? because im planning to make a coin sink. so i can help the community? what you guys think?

Umm.

>Avatar: panda 105
>Joined Aug 2014 (today)
>1st post
>talks about raffle
>username: raffleman2014

Wants people to mail him big notes for 'coin sink'.

I normally blindly trust pandas but I'm getting a sinking (pun intended) feeling about this one.

I opened a threat not knowing about this one. I'd like to mention what I said there.

The balance of production and deletion of coins in game is messed, the amount of coins in the economy is increasing fast and so the value of coins is going down.
Bot is a way of produce coins but the problem is mostly because those coins produced get stacked in the market and not deleted.
We don't buy potions from NPC bc its free for low levels and everyone use crabs after 75.
We don't buy gears from NPC bc the dungeons drop them with better stats.
Not Even BH Lunar delete coins anymore, bc everyone in squad gets 500k each, annulling the 3m spent to open.

The only moments ppl delete coins is when they exchange some things like NW Coins, FSP Coins or when craft G15/16 or repair gears.

I Suggest:

Reduce the rate of BH100 cards drop. (Excitement 5%, Ecstasy 20% to 4% and 10%)
Reduce the coin drop from mobs and price of DQ drops (would also discourage the bot users)
Add cost to exchange everything, tokens, insignias, emblems etc...

(We don't need to remove the bot bc the heaviest bot users use the pirate bots. We better discourage them by making it not profitable [but not mess with the exp PLZ >.<])

---

P.S. With all that in mind, seems like pwe deliberately changed those things with the specifically purpose of profit for them selfs.
I mean, free pots and gears for low levels (fetch the new players)
Remove the ways to delete coins so the gold price gets so high that many ppl decide to use real money.

DarkSkiesx - Dreamweaver wrote: »

Umm.

>Avatar: panda 105
>Joined Aug 2014 (today)
>1st post
>talks about raffle
>username: raffleman2014

Wants people to mail him big notes for 'coin sink'.

I normally blindly trust pandas but I'm getting a sinking (pun intended) feeling about this one.

Just FYI, "Join Date" on the forum, it just the first time you've posted. I've had my account since closed beta, and look at my join date.

DarkSkiesx - Dreamweaver wrote: »

Yes I'm fully aware; if you click on a name below the avatar it takes you to the arcgames profile which shows the actual date your account was created.

Mine for example is 3rd Aug 2010, my 1st post on the forums was Jun 2013.

Yours, as you pointed out, is 29th Oct 2008 and 1st post on the forums was Feb 2009.

>raffleman2014's is 1st Aug 2014 and his 1st post on the forums was Aug 2014.

Hence my original post stands.

So he got 105 in a day? I did not think that was possible.
Edit: Less than a day. the day isn't even over yet.

DarkSkiesx - Dreamweaver wrote: »

Umm.

>Avatar: panda 105
>Joined Aug 2014 (today)
>1st post
>talks about raffle
>username: raffleman2014

Wants people to mail him big notes for 'coin sink'.

I normally blindly trust pandas but I'm getting a sinking (pun intended) feeling about this one.

You judge me too fast by the way. First of all i just want to help the community. I am not trying to make an argument i am just asking whether u guys are going to support my plan. I want to make a raffle draw that will make a coin sink and also to male my own profit. The question is, will the people in the community will entrust there raffle ticket to me right, well all i can say is that my plan is to make profit by giving legit rewards and deal. I am not going to ask ten million big note., instead i am planing to make a good strategy, a fair raffle draw for everyone., i want you all to acknowledge me. And you are questioning my account? I made this account for raffle draw. Please dnt judge me too fast.

raffleman2014 wrote: »

You judge me too fast by the way. First of all i just want to help the community. I am not trying to make an argument i am just asking whether u guys are going to support my plan. I want to make a raffle draw that will make a coin sink and also to male my own profit. The question is, will the people in the community will entrust there raffle ticket to me right, well all i can say is that my plan is to make profit by giving legit rewards and deal. I am not going to ask ten million big note., instead i am planing to make a good strategy, a fair raffle draw for everyone., i want you all to acknowledge me. And you are questioning my account? I made this account for raffle draw. Please dnt judge me too fast.

Are you asking if you think people will trust you enough to mail you money in hopes of winning a reward? Easy answer = no. Official events are safe, but nobody with any fractional amount of common sense would mail money to a stranger, since said stranger could easily just walk off with millions in coin and make a false winner, thus giving out no prizes and scamming everyone.

Evryn - Morai wrote: »

Jolly Jones is always a fair standby if you're not capable of autogrinding lvl80 and upward mobs (at level 80 and up, only high value dq items drop... tho they start as early as level 71 mobs). I've been where you are now - try to get a cheap TT 80/90 or if you can afford it, an FC weapon. Try to grind mobs some 5 levels below your character. It'll go slower, but the mobs do less damage that way.

Once you hit level 100, try to tag along on a few easy BHs. SoT, Abbadon, EU and Delta W2/W3 are all very possible with less-then-optimal gear. Play defensively if you do that - use OMalleys and use your class to support the heavy damage dealers rather then to try and do much damage yourself. You'll soon luck out with an excitement card or two and then you'll have money for a good weapon.

Try to get into a starter faction too, usually there'll be players there who can help you out.

Thank you very much for the advice, Evryn - Morai! I understand all that, I do Jolly Jones with my two charcters and I know I can make more toons to make more money like others do. I noticed some people have like 30 toons for Jolly Jones quest and do them every day from morning till night b:shocked. If that's their pleasure, but I want to play the game not work in it like mad, maybe I should make one more toon to run Jolly Jones quests but not more.
As for botting, you are right here again - 71 dq items cost good money compared to lower dq items and I hope they will cost something regardless of what people suggest in this thread, otherwise it's a dead end for people like me.
The promise about lucking out with an excitement card sounds really appealing. b:pleased Do people often get them? The database says the chance is 5%, the question is how lucky am I? (usually not lucky but I always hope for the best) b:cute
My greatest hope is that economy gets stable (though I don't see how it can be reached for now) and I will try to follow the advice, after all I have nothing to lose as I don't have anything.

Annalyse - Heavens Tear wrote: »

Are you asking if you think people will trust you enough to mail you money in hopes of winning a reward? Easy answer = no. Official events are safe, but nobody with any fractional amount of common sense would mail money to a stranger, since said stranger could easily just walk off with millions in coin and make a false winner, thus giving out no prizes and scamming everyone.

And why would i walk away if my goal is to make a big name in the forum industry right? i wanna make myself trustworthy were in the community in the forum will accept me and give trust in me, i wanna make all people consider me as a big person in the community in terms of fairness and balanced person. You might be right, that's very hard to achieve but thats why i am going to take the chance to have all your trust i will make my best for every one to trust me i hope someday you will say "im proud of you hun, you made it" so who's with me? who wants a fair raffle draw? im planning to use this forum as my poster and detail. as soon as i see that many of you are interested, then i will start a raffle draw to help the community to get fix

You do things wrong if what you say would be true.

If you want to gain peoples trust, you do not make a new acc and ask for money to be send to you. You do the opposite, you play and post from the same account for years. Dont ask for nothing and first make a name before asking any cooperation.

Of course im not telling you anything new. You are just trolling (or scamming) everyone.

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Hahahaha 10 people are going to win even ! Oh so many people will participate.

Of course that jezus stuff under your post makes it totally trustworthy. Thats gonna do the trick.

Nigerian scammers are more refined than you.

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I think the real problem is the people who want to buy gold via AH. Why try to buy gold for 3,8 mil? This would set the selling price even higher. I can't decide for others how much they want to spend but it would be fun if everyone want to buy at 1 mil or lower.

b:chuckle we should make it a server event lol!