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Exposing the GOLD Farmers
warlordsob
Member Posts: 0 Arc User
Well Master keys are 1.7-1.8 million EC and the Gold Farmers are making a killing. How you say, well let me break it down for you. If you buy a key @ $1.25 or a ten pack for $11.25 and sell it on the exchange for 1.7-1.8 EC.
So sell (10 key @ 1,700,000 = 17,000,000 EC) most all Gold Farmers sell STO EC @ $1.00 per million. Which means they are making around $5.00-8.00 profit for doing nothing.
I could care less its just a funny fun fact Cryptic is paying the farmers.
I have no issue with players playing exchange PVP because I do so myself and am pretty dam good at it too. I speaking of the gold farmers that sale EC for real money and how cryptic is enabling them. If anything they are cutting into players profits. So a easy solution to end REAL GOLD FARMERS in game.
This is where you guys at Cryptic should open them ears up. Make a currency exchange EC, Latinum, Dilithium , and ZEN all exchangeable. Wait!....Don't say well this will cut into your money grab because it will not cryptic people will buy zen from you to turn it into EC in order to buy high price stuff off the exchange. Its a three way win for us, the buyers and YOU CRYPTIC.....Think about it....and get back to me.
So sell (10 key @ 1,700,000 = 17,000,000 EC) most all Gold Farmers sell STO EC @ $1.00 per million. Which means they are making around $5.00-8.00 profit for doing nothing.
I could care less its just a funny fun fact Cryptic is paying the farmers.
I have no issue with players playing exchange PVP because I do so myself and am pretty dam good at it too. I speaking of the gold farmers that sale EC for real money and how cryptic is enabling them. If anything they are cutting into players profits. So a easy solution to end REAL GOLD FARMERS in game.
This is where you guys at Cryptic should open them ears up. Make a currency exchange EC, Latinum, Dilithium , and ZEN all exchangeable. Wait!....Don't say well this will cut into your money grab because it will not cryptic people will buy zen from you to turn it into EC in order to buy high price stuff off the exchange. Its a three way win for us, the buyers and YOU CRYPTIC.....Think about it....and get back to me.
Post edited by warlordsob on
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Sell?How you know they sell or not?Just because they spam the chat doesnt mean they sell.
People sell keys because they want to turn ZP into ec.If gold farmers would SELL everyone would stop buying keys .Also keys prices are set by demand on exchange not by Illuminati and ec farmers.
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anyone listing a key under 1.7 or now looks like 1.8 they just buy it and repost it just as I do on most any market i want to take over. I sold 19 keys that i bought when the exchange was selling them for 1-1.2 million @ 1.6 and they were all purchase by the same person I will not say his name but he was a real PAL.
and remember folks "Gold farmers" are criminals
they want your credit card details or pay pal details so they can rob you
Honest men do not do this
I disagree with this but I can understand where you and others are coming from.
I was thinking on my walk in this morning that it;s been weeks since I;ve seen a zone chat spam for gold. I was wondering if they had just given up and moved onto a different game or....
I buy and sell masker keys quite often although it;s been awhile. I wish someone was paying me to play the game but they're not. Just a quick request to watch the generalization of who's doing farming. Thanks
I'll pay you 3 cents an hour to farm for me hehehe...................... No really!
Doesnt matter if they do that ,people will buy those keys anyway thus deman rule applies.
I can tell you 30 people who play the exchange to make profit and buy ships.I'm one of them .I made billions buying cheap and selling expensive .None of them are "gold farmers".
In a game where everything is bound you want that
There are WAY too many people buying stuff and reposting it immediately at a 50% mark up
this is not commerce its theft
Theft?
http://legal-dictionary.thefreedictionary.com/theft
-Spells
| Dues Ex Mechina |
Fleet Leader
lol. you just talk to get most post counts don't you.
No, it is simple supply and demand.
STO Forum member since before February 2010.
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Incorrect.
Theft is to take property without permission or legal right.
If I'm trading with another person in a voluntary transaction, then selling to a 3rd party at a markup, nobody has been stolen from. That's an entirely voluntary, permitted exchange.
There has got to be more lucrative games out there that will more than net you 2c/hour.
Go where the money is asian fellers!
I salute you my fellow trader
Sadly the exchange is not working right these days.
Heck, I do that as well. People like selling Particle traces for a single ec for some strange reason.
Really cool when they're Methogenic Particle Traces that normally go for about 100k.
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Friday I made a killing selling Tholian reward packs, you know the green ones that take you ilke 2 minutes to get when you complete the mission. For some reason someone(S) Friday went crazy for them. Anytime one was under priced, I snatched that up to and re sold it at the current market price. I think I cleared about 2-3 mill just on those, and here they had just been sitting in my bank collecting dust.
And people pay.IF people would stop paying prices would have to drop .
Also dont tell us that we are not allowed to buy cheap items and sell them later if we dont need them :rolleyes:
That's not stealing, it's the same as buying and selling stocks.
They supply EC to sellers. Trade is always a two way street. There is nothing forceful or predatory about it. If you don't like it, buy the item first. Adjusting prices back to fair market value, and benefiting from the EC is NO DIFFERENT than benefiting from the raw product at an under-market value.
If I buy a product for 25,000ec, and it has a market value of 40,000ec, and I resell that product at it's market value. I've earned 15,000ec of value. If you buy a product for 25,000ec, and it has a market value of 40,000ec, and you just use the product because you wanted it- Guess What? You've still earned 15,000ec of value, since you don't need to spend the extra 15,000ec to get it! In both cases, the buyer is 'taking advantage' of the seller's ignorance. It doesn't matter what you want to do with the product.
You're basically proposing that value be restricted only to use, and not an opportunity to resell, and that's just silly. You're denying someone else dibs on a deal, even though they may have found it first and fair, because you want less competition on the exchange. It's bad for sellers, and its unfair to those who actually put in their effort in trading.
Theft? You've got to be kidding, LOL. Someone offers to sell an item on the exchange at a certain price. I buy it and I'm a thief? C'mon, really? Oh, so if I actually USE it, then I'm not a thief. But if I sell it for a higher price, then I am? Sorry. The definition of thievery does not depend on what I do with the item that I fairly purchased at a price that was agreed to by both parties involved.
"Gold Farmers" usually refers to people who offer to sell things for REAL money. I'm not talking about selling things that were bought from the Z-store. It usually refers to people selling stuff on third party websites, Ebay, craigslist, etc. The people here who are buying and re-posting are not 'gold farmers'. There is no REAL money exchange in any of these transactions.
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I agree that the "market massacre" needs to stop, but the logic behind this is flawed.
As the saying goes, "theft" tends to have that connotation of a "forceful" removal of value. If I'm boneheaded enough to post a 500k item at 200k because I forgot to research the item properly, then I'm not being robbed, I'm being stupid. If I'm convinced/cajoled/"forced" to sell a 500k item on the exchange at 200k, so the traders can scarf it and reprice it, that's theft.
Now, at the same time, I'm gonna take a moment to point out the fact that the exchange is a monopoly. Literal in the Dilith - Zen point trade, as that's the only place to make any kind of dilithium or zen point trade, and virtual for everything else, as the WTT/WTB/WTS posts are quickly "muted" in zone chat by the refrain "go to exchange", "take deals to exchange or else, that is our trade channel", report...
With this monopoly, I question exactly how the community is setting the prices if joe-bob the trader can log in, buy up all of item X below price Y, and re-sell them at or above price Y. If he's on frequently, am I ever (outside of extreme luck) ever gonna see item X cheaper than price Y? That's not a community price, that's "trader joe-bob's price". And, with the exchange-monopoly, anyone who wants item X has to either pay joe-bob's price (joe-bob's validation that the item is at it's "proper" value) or go without...
To rob a line: [quote: Mariemaia Kushrenada] Forum Posting is much like an endless waltz. The three beats of war, peace and revolution continue on forever. However, opinions will change upon the reading of my post.[/quote]
By that definition, gthe major gtraders of most Wall Street financial corporations should be in jail already.:D I hate to say it, but open market manipulation isn't illegal unless hyou have some actual inside non-public knowledge you make use of in executinng your trade.
Buying low and reposting to sell high isn't an exploit or illlegal per se, as long as some sucker will pay your price. welcome to 'free market' economics. Bottom line is: Until the majority of people using tghe mafrket refuse to buy something above a certain price level - this type of thing will continue.
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I think that the whole Bind system should be removed all together (both pick up and equip). One of the reasons the prices are high is because of the rarity in the game. Add more volume and watch the prices drop. Look at the prices of the Mirror Universe ship, they are flooding the market and you can pick them up for under 1M, where the less common D'Kora is in the tens of millions.