The Exchange needs to be capped

reinawatt

This will probably not go down well with many who seem to think hoarding mass amounts of virtual money is the way to live, but the Exchange in the game really needs a selling cap. The sheer level of greed in asking prices is over the top, like 14 million EC and more for a single upgrade token, and over 100 million for a lock box ship.

And then there are the stupidly high prices for consoles and equipment on the Exchange. While there may be those who will grind away relentlessly to have as much virtual money as possible, all useless in the real world, there are those who play who aren't likely to spend hours on end doing that.

I feel that a selling cap needs to be imposed on the Exchange, something like not being able to sell something for more than 20,000 EC. This would allow any one new to the game or trying to equip their lower level characters and higher level with needed consoles and equipment instead of having to put up with lower level gear that isn't making much of a dent in any attackers.
There really is no need for people to be demanding so much EC for things, it isn't like they can use their amassed virtual money in the real world. Even if they could it would have very little value in real world currency rates, Lindens in Second Life being one such example.

MMO'S fairly tend to bring out the Ferengi in people and it's pretty sickening.

c3141pwa

reinawatt wrote: »

This will probably not go down well with many who seem to think hoarding mass amounts of virtual money is the way to live, but the Exchange in the game really needs a selling cap. The sheer level of greed in asking prices is over the top, like 14 million EC and more for a single upgrade token, and over 100 million for a lock box ship.

And then there are the stupidly high prices for consoles and equipment on the Exchange. While there may be those who will grind away relentlessly to have as much virtual money as possible, all useless in the real world, there are those who play who aren't likely to spend hours on end doing that.

I feel that a selling cap needs to be imposed on the Exchange, something like not being able to sell something for more than 20,000 EC. This would allow any one new to the game or trying to equip their lower level characters and higher level with needed consoles and equipment instead of having to put up with lower level gear that isn't making much of a dent in any attackers.
There really is no need for people to be demanding so much EC for things, it isn't like they can use their amassed virtual money in the real world. Even if they could it would have very little value in real world currency rates, Lindens in Second Life being one such example.

MMO'S fairly tend to bring out the Ferengi in people and it's pretty sickening.

A cap of 20,000 EC would simply ensure that no one ever sold anything of value in the exchange. They would simply do it over chat instead. So you still wouldn't get your ship upgrade tokens or consoles.

killer1986chris

There is no need to bring leftist market controls to the game, people charge what others will pay, this is how markets should work.

realisticalty

killer1986chris wrote: »

There is no need to bring leftist market controls to the game, people charge what others will pay, this is how markets should work.

While I agree that I see no current need for a market cap, it's not a leftist idea. Even Adam Smith and other major conservative economic influences concur that some level of regulation of economies is essential. It's just a common advertising gimmick promoted by a few greedy individuals that completely unregulated markets are either capitalism or healthy.

A careful and thorough read of history is very informative.

lordzakath

If someone is stupid enough to spend 100million for a ship, then all I have to say is, "A fool and his money are soon parted." I don't buy much off of the Exchange because the prices are, in my opinion, too high. However, if someone else wants to spend millions on something, that is their business. If you have an item that you want to sell on the Exchange that most people are selling for millions, feel free to undercut them and sell it for 20k.

As the person above me said, if you set a limit (especially the laughable limit of 20k) on the exchange, then people will move their buying and selling elsewhere. And the items you want will still be unavailable for you.

ashkrik23

20K? LOOOOOOOOOl.

gavinruneblade

Both exchanges are already capped. The zen exchange cannot go below 50:1 nor higher than 500:1. The auction house cannot go higher than 500m for a single post.

As stated, the limit has no effect on the prices. For a while jem Haddar bug ships were selling over 500m each, they simply were not available on the auction house.

If you want prices to come down and stay down, you need cryptic to Nerf the hell out of vendor prices and massively drain the ec out of the system. But this won't magically help anyone afford anything in the long term.

Instead, learn to use the system to your advantage. Right now is a wonderful time to sell crafting materials. You earn them for free via doffing, especially in the sphere and from marauding and explore missions. You can easily earn a couple million a day if you queue up 15-20 missions for crafting mats and sell everything. The more alts the better.

There's plenty other ways too, that's just one.

warmaker001b

I demandz that people sell me their most expensive items for 20k EC.

Nau.

reginamala78

But it is capped. 500 million? Whats the problem?

dabelgrave

It's supply and demand, one of the simplest economic principles taught in high-school economics.

low supply + high demand = prices go up

high supply + low demand = prices go down

You claim your reason for requesting a limit is so you can afford to equip your ships with decent equipment. I'm uncertain when you last checked, but I can usually get decent equipment at or below the 20k ec limit you propose. Also, you can run a quick mission or two and get plenty of loot you can sell for much more than 20k. Of course, my definition of decent equipment, (rare (blue) mk xi, xii, xiii) might not coincide with yours, which apparently includes ship upgrade tokens and lockbox ships.

Unfortunately, it's when you want these high-end items that are in low supply that the prices start to climb. While you call it greed, I call it a favor. If these prices weren't high enough for demand and supply to match, these items would sell too fast for you to ever find them on the exchange. You can thank the sellers for these high prices since it means you actually do have a chance to purchase the item, you just need to work a little harder to afford it.

senatorvreenak

Instead of whining on the forums, why don't you actually try earn some EC of your own? :rolleyes:

I made made 9.8 million from selling a couple of Mk II crafted weapons for resources worth peanuts that had desirable modifiers.

cincyman39

reginamala78 wrote: »

But it is capped. 500 million? Whats the problem?

Some dont have the 500 million so lets lower it to where anyone can buy it. and not have to put the time in to earn the 500 million ec.

Do we want the game to change to a system that the people who grind cater to the people who can't grind or won't grind?? Just ask'en

kamenriderzero1

What I see in the OP is the classic

"I can't have something, so therefore whoever does have it is evil"

I can make 20,000 EC in about five minutes from vendoring drops. Under this idea, Rare and valuable stuff would be worth roughly the same as the face value of a white mark 12 deflector.

No. No no no.

locutusofcactus

reginamala78 wrote: »

But it is capped. 500 million? Whats the problem?

^ Yeah this. And for a time, JHAS could only be purchased via in person trade as they were selling for more than 500M. So a lower cap would just make buying and selling things A LOT harder to do.

kiralyn

14m for upgrade tokens? Cool, that's a nice drop from the 50-75m they were first day of DR.


Supply & demand works!

johnluckpicart

reinawatt wrote: »

This will probably not go down well with many who seem to think hoarding mass amounts of virtual money is the way to live, but the Exchange in the game really needs a selling cap. The sheer level of greed in asking prices is over the top, like 14 million EC and more for a single upgrade token, and over 100 million for a lock box ship.

And then there are the stupidly high prices for consoles and equipment on the Exchange. While there may be those who will grind away relentlessly to have as much virtual money as possible, all useless in the real world, there are those who play who aren't likely to spend hours on end doing that.

I feel that a selling cap needs to be imposed on the Exchange, something like not being able to sell something for more than 20,000 EC. This would allow any one new to the game or trying to equip their lower level characters and higher level with needed consoles and equipment instead of having to put up with lower level gear that isn't making much of a dent in any attackers.
There really is no need for people to be demanding so much EC for things, it isn't like they can use their amassed virtual money in the real world. Even if they could it would have very little value in real world currency rates, Lindens in Second Life being one such example.

MMO'S fairly tend to bring out the Ferengi in people and it's pretty sickening.

Uhm...it's their stuff. They're just putting a number on it, a number for which they'd be willing to let go of their stuff. Whether you're willing to pay said number for their stuff is totally your choice. Saying that people should have to sell e.g. their starship upgrade tokens for 20k EC is ridiculous, seriously. They cost 700 ZEN each. And you want those for free? From someone else who paid real money for it? LOL.

vetteguy904

you want the mats and Bug ships and Carriers to be reasonable in price on the exchange? convince a large number of players to not pay those prices.

When the Rolling Stones toured the sear prices were 20X the price of Joe Diffy tickets. should the arena capped the tickets for the stones to the same as Diffy? I think not.

lucho80

Meanwhile, I earn 15mil EC with an hour of work. Hmmm. Exchange seems fine to me.

lagomorphic

You need to be the change you want to see in the world man. Go post a dozen lockbox ships on the exchange for 20k each (miror ships don't count).

futurepastnow

A+ trolling, op

marc8219

There is a cap of 500 million. That said low level stuff is mostly overpriced and not worth it, Neverwinter fixes this problem by introducing a 10% posting fee that is refunded when the item is sold but not refunded if the item is taken down or expires. If the item is sold the auction house takes a 11% cut of the sale price. This reduces inflation and reduces incentive to price things higher then they can realistically sell for since you will just waste money.
Since Neverwinter is also made by Cryptic I don't see why this can't be done here also.

gavinruneblade

marc8219 wrote: »

There is a cap of 500 million. That said low level stuff is mostly overpriced and not worth it, Neverwinter fixes this problem by introducing a 10% posting fee that is refunded when the item is sold but not refunded if the item is taken down or expires. If the item is sold the auction house takes a 11% cut of the sale price. This reduces inflation and reduces incentive to price things higher then they can realistically sell for since you will just waste money.
Since Neverwinter is also made by Cryptic I don't see why this can't be done here also.

Personally I prefer the technique cryptic invented for city of heroes back when it was theirs.

All bids and sales were blind, you only could see what the last five transactions were. But the lowest priced item sold to the highest bidder at the bidder's price. Thus rewarding generosity on both sides.

So let's pretend there's three engines on the market for 1, 5, and 12. As a buyer I know three are posted but I don't know for how much. So I guess and try to buy one for 7. I get the one listed for 1 and the seller gets all my 7 monies and I have no idea what he really listed it for. But let's say I want a second and I try to bid 4. That fails as the lest expensive is now 5.

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tekehd

reinawatt wrote: »

This will probably not go down well with many who seem to think hoarding mass amounts of virtual money is the way to live, but the Exchange in the game really needs a selling cap. The sheer level of greed in asking prices is over the top, like 14 million EC and more for a single upgrade token, and over 100 million for a lock box ship.

And then there are the stupidly high prices for consoles and equipment on the Exchange. While there may be those who will grind away relentlessly to have as much virtual money as possible, all useless in the real world, there are those who play who aren't likely to spend hours on end doing that.

I feel that a selling cap needs to be imposed on the Exchange, something like not being able to sell something for more than 20,000 EC. This would allow any one new to the game or trying to equip their lower level characters and higher level with needed consoles and equipment instead of having to put up with lower level gear that isn't making much of a dent in any attackers.
There really is no need for people to be demanding so much EC for things, it isn't like they can use their amassed virtual money in the real world. Even if they could it would have very little value in real world currency rates, Lindens in Second Life being one such example.

MMO'S fairly tend to bring out the Ferengi in people and it's pretty sickening.

My recommendation to you is, 'just say no to drugs'.

neoakiraii

If you want a CAP, you hate Capitalism, if you hate Capitalism, you hate our Freedoms. :P


Edit: Also you hate Cats

anazonda

There is a cap... It's just higher than that. (500 mil).

If you think the upgrade tolkens are too expensive on the exchange, then why havn't you bought them from zen instead?

RIGHT... Supply and demand... Oh geez... entirely forgot about that.

Low supply of tolkens and a high demand...

sinn74

20k EC? That would make the exchange completely pointless.

stoutes

20k? Hahahahaha!

I needed a good laugh, thank you .

grimlyone

reinawatt wrote: »

This will probably not go down well with many who seem to think hoarding mass amounts of virtual money is the way to live, but the Exchange in the game really needs a selling cap. The sheer level of greed in asking prices is over the top, like 14 million EC and more for a single upgrade token, and over 100 million for a lock box ship.

And then there are the stupidly high prices for consoles and equipment on the Exchange. While there may be those who will grind away relentlessly to have as much virtual money as possible, all useless in the real world, there are those who play who aren't likely to spend hours on end doing that.

I feel that a selling cap needs to be imposed on the Exchange, something like not being able to sell something for more than 20,000 EC. This would allow any one new to the game or trying to equip their lower level characters and higher level with needed consoles and equipment instead of having to put up with lower level gear that isn't making much of a dent in any attackers.
There really is no need for people to be demanding so much EC for things, it isn't like they can use their amassed virtual money in the real world. Even if they could it would have very little value in real world currency rates, Lindens in Second Life being one such example.

MMO'S fairly tend to bring out the Ferengi in people and it's pretty sickening.

Well, sorry for having a player controlled market. You can't make EC - that's your own issue, because while it requires some sacrifice, EC is more easy to make than you think.

20 k EC? Are you joking? That's the price of vendoring 2 deflector dishes... common ones.

Seriously? You're either a troll, or you are both lazy and incredibly incompetent.

maxvitor

I was going to post a better response but I can't stop laughing. No I don't think we need that kind of a change and certainly not capping the exchange down to pocket change values.