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Will New Exchange CAP increase serve to increase price gouging?

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  • silverlobes#2676 silverlobes Member Posts: 1,953 Arc User
    bernatk wrote: »
    > @drakethewhite said:
    > bernatk wrote: »
    >
    > the ingame economy is ultra-capitalistic. It puts ferengis to shame. But the game's monetization is very generous. So it's a trade off...
    >
    >
    >
    >
    > No it's not. There's no significant destruction of wealth (creative or not) and that puts it into a completely different world than capitalism.

    Yes it is. Destruction thru nerfing, release of new tier of ships, new lockbox etc. Think of it as real world wars or revolutions.
    It's ultra-capitalistic, the rich get richer...
    Absolutely :) The only difference, is that through the exchange, Any Player has the opportunity to get rich too (if they have the time to devote to playing the system, and maybe chuck in some boosts with real world cash-to-Zen purchases ;) ) In the real world, while there's Definitely money to be made (and lost) on the stock market, someone still has to be able to afford to 'buy in' :) I think that's the difference between the two :)
    "I fight for the Users!" - Tron

    "I was here before you, I will be here after you are gone. I am here, regardless of your acknowledgement or acceptance..." - The Truth
  • bubblegirl2015bubblegirl2015 Member Posts: 830 Arc User
    edited June 2017
    I sell ships...lots of them through the years and have accumulated a great deal of wealth in EC currency. IMO this is solely based on players "emotions" of getting the latest and best shiny.

    Personally, I will NOT use the exchange in high end ships and THANKS Cryptic this only helps me make MORE money. Actually double my sales from what the CAP was before. Surely, I'm already selling ships over 2BIL but as usual would ask for Keys or R&D packs. The exchange is useless and only helps to increase prices on those high end ships. More money for us ship sellers tiger-2.gif

    Am I the only one detecting the palpable smell of bull poo?

    Yes you are....tiger-2.gif

    It is my right to make as much as I want without being limited by schemes. Feel free to check my sales on the Trading Channel where I do most of my business and there are lot more of us there.

    I'm so glad that this is a "free" economy and as long as there are no limitations some will get rich at the expense of others emotions. After all as others already put it basic demand/supply market.​​
    Wiki editor http://sto.gamepedia.com
    Original STO beta tester.
  • drakethewhitedrakethewhite Member Posts: 1,240 Arc User
    bernatk wrote: »
    > @drakethewhite said:
    > bernatk wrote: »
    >
    > the ingame economy is ultra-capitalistic. It puts ferengis to shame. But the game's monetization is very generous. So it's a trade off...
    >
    >
    >
    >
    > No it's not. There's no significant destruction of wealth (creative or not) and that puts it into a completely different world than capitalism.

    Yes it is. Destruction thru nerfing, release of new tier of ships, new lockbox etc. Think of it as real world wars or revolutions.
    It's ultra-capitalistic, the rich get richer...

    Those factors are not significant.

    And the fact that it's not significant is why in STO the rich get richer.
  • themadprofessor#9835 themadprofessor Member Posts: 1,203 Arc User
    I sell ships...lots of them through the years and have accumulated a great deal of wealth in EC currency. IMO this is solely based on players "emotions" of getting the latest and best shiny.

    Personally, I will NOT use the exchange in high end ships and THANKS Cryptic this only helps me make MORE money. Actually double my sales from what the CAP was before. Surely, I'm already selling ships over 2BIL but as usual would ask for Keys or R&D packs. The exchange is useless and only helps to increase prices on those high end ships. More money for us ship sellers tiger-2.gif

    Am I the only one detecting the palpable smell of bull poo?

    Yes you are....tiger-2.gif

    It is my right to make as much as I want without being limited by schemes.

    I'm sure Martin Shkreli and Kenneth Lay used the same arguments. Still doesn't make it right.
    Feel free to check my sales on the Trading Channel where I do most of my business and there are lot more of us there.

    So long as it's run by the same guy, I will never return to the Trading Channel. You claim it's a free market, but it's only free so long as you kowtow to his every whim and believe as he believes. If you dare question him, he silences you. That's not a healthy environment, and I won't be a part of it.
    I'm so glad that this is a "free" economy and as long as there are no limitations some will get rich at the expense of others emotions. After all as others already put it basic demand/supply market.​​

    Yeah okay Gordon Gecko.
    Space Barbie Extraordinaire. Got a question about Space Barbie? Just ask.

    Things I want in STO:

    1) More character customization options such as more clothing options, letting the toon complexion affect the entire body, not just the head. Also a true RGB color picker applied to all costume and appearance options, which would allow for true appearance customization and homogenous colors instead of "this same exact color looks vastly different on two different pieces."
    2) Bridge customization, not bridge packs. Let us pick a general layout and adjust the color palette, console appearance, and chair types, as well as more ready room layout options.
    3) Customizable ground weapons, i.e. The aesthetic look of phaser dual pistols but they shoot antiproton bolts. For obvious reasons this would only apply to standard ground weapons.
    4) For the love of Q please revamp Plasma Ground Weapons. They look like demented Supersoakers right now.
    5) True Vanity Impulse and Deflector effects similar to Vanity Shields.
    6) A greater payout for hitting T6 Reputations. Currently it takes more time and resources to get from T5 to T6 than it does to get from nothing to T5. Make that grind really pay out at the end.
    7) Mirrorverse Refugee event similar to AoY/Delta/Gamma, complete with new Mirrorverse recruits for all factions.
    8) Independent Faction, because yo ho yo ho a pirate's life for me!
  • drakethewhitedrakethewhite Member Posts: 1,240 Arc User
    Any Player has the opportunity to get rich too (if they have the time to devote to playing the system, and maybe chuck in some boosts with real world cash-to-Zen purchases ;) ) In the real world, while there's Definitely money to be made (and lost) on the stock market, someone still has to be able to afford to 'buy in' :) I think that's the difference between the two :)

    This is true in STO.

    After one settles on a ship and fills it with epic gear, one can then build wealth though a number of ways. And once one has enough wealth, it can easily become self-sustaining. It just takes some patience.

    I'm now at this point. I have my Connie, it's all epic gear on her. And now I'm just building wealth to afford buying R&D infinity packs to get my wife a Connie of her own and myself a D7. It's not going to be hard, and I don't have to deal with the existing Super Rich.

  • bernatkbernatk Member Posts: 1,089 Bug Hunter
    It's not going to be hard, and I don't have to deal with the existing Super Rich.

    yeah ... no. You always have to deal with the super rich (thru exchange, thru dilithium exchange or direct barter). Unless you plan to open your wallet and spend IRL dollars on R&D packs.

    But I think it's okay, I find every aspect of this game entertaining enough to stay.
    Tck7dQ2.jpg
    Dahar Master Mary Sue                                               Fleet Admiral Bloody Mary
  • drakethewhitedrakethewhite Member Posts: 1,240 Arc User
    bernatk wrote: »
    It's not going to be hard, and I don't have to deal with the existing Super Rich.

    yeah ... no. You always have to deal with the super rich (thru exchange, thru dilithium exchange or direct barter). Unless you plan to open your wallet and spend IRL dollars on R&D packs.

    No I don't. I'm only using in-game wealth to get the R&D packs.
  • bubblegirl2015bubblegirl2015 Member Posts: 830 Arc User
    I sell ships...lots of them through the years and have accumulated a great deal of wealth in EC currency. IMO this is solely based on players "emotions" of getting the latest and best shiny.

    Personally, I will NOT use the exchange in high end ships and THANKS Cryptic this only helps me make MORE money. Actually double my sales from what the CAP was before. Surely, I'm already selling ships over 2BIL but as usual would ask for Keys or R&D packs. The exchange is useless and only helps to increase prices on those high end ships. More money for us ship sellers tiger-2.gif

    Am I the only one detecting the palpable smell of bull poo?

    Yes you are....tiger-2.gif

    It is my right to make as much as I want without being limited by schemes.

    I'm sure Martin Shkreli and Kenneth Lay used the same arguments. Still doesn't make it right.
    Feel free to check my sales on the Trading Channel where I do most of my business and there are lot more of us there.

    So long as it's run by the same guy, I will never return to the Trading Channel. You claim it's a free market, but it's only free so long as you kowtow to his every whim and believe as he believes. If you dare question him, he silences you. That's not a healthy environment, and I won't be a part of it.
    I'm so glad that this is a "free" economy and as long as there are no limitations some will get rich at the expense of others emotions. After all as others already put it basic demand/supply market.

    Yeah okay Gordon Gecko.


    hqdefault.jpg​​
    Wiki editor http://sto.gamepedia.com
    Original STO beta tester.
  • silverlobes#2676 silverlobes Member Posts: 1,953 Arc User
    Any Player has the opportunity to get rich too (if they have the time to devote to playing the system, and maybe chuck in some boosts with real world cash-to-Zen purchases ;) ) In the real world, while there's Definitely money to be made (and lost) on the stock market, someone still has to be able to afford to 'buy in' :) I think that's the difference between the two :)

    This is true in STO.

    After one settles on a ship and fills it with epic gear, one can then build wealth though a number of ways. And once one has enough wealth, it can easily become self-sustaining. It just takes some patience.

    I'm now at this point. I have my Connie, it's all epic gear on her. And now I'm just building wealth to afford buying R&D infinity packs to get my wife a Connie of her own and myself a D7. It's not going to be hard, and I don't have to deal with the existing Super Rich.
    Absolutely ^_^ Personally, I'm not worried about loading up on the Epic gear, because, silly as it might be, I REALLY like the color of the very rare consoles :D I find it soothing on the eye :D For the most part, I'm happy with the equipment and skills my main has, my alts're really just for extra dilithium mining, and additional trading slots, although my Orion slaver is also a kind of 'morality valve'. I feel that for a Starfleet officer to be trading in and profiting from the trafficing of officers on the exchange, it feels a bit 'conduct unbecoming', but to do it with a chap-wearing Orion slaver in front of me, hey, that's his normal cultural practice, so That's Oh-Kay :D

    My goal, well not so much a goal, but a financial experiment, is to see how much ec I can make, without cash-buying Zen to put in, just through the profits I can make on the exchange by taking advantage of the micro fluctuations in prices. I've so far built 33M out of a 20'000 seed. Last time I was able to log on, I had a few patrol escorts listed, which have most likely sold by now, and used the 33M I had, to pick up six master keys at 5.2M a piece (at the time, that was a low due to the new episode, and down from around 5.6-5.7M) so hopefully their value will increase and I can keep building :)
    "I fight for the Users!" - Tron

    "I was here before you, I will be here after you are gone. I am here, regardless of your acknowledgement or acceptance..." - The Truth
  • warpangelwarpangel Member Posts: 9,427 Arc User
    The outcome is that for whatever reason- they've built great wealth and have greatly over-priced some top end items. The answer is be aware of the actual worth of such things, and not buy them when people are selling them for too much. Make their reasons irrelevant to you.
    Feel free to spend your own time and money acquiring these top end items and sell them for what you think is the "actual worth of such things," if you think other people's prices are too high.
  • drakethewhitedrakethewhite Member Posts: 1,240 Arc User
    warpangel wrote: »
    The outcome is that for whatever reason- they've built great wealth and have greatly over-priced some top end items. The answer is be aware of the actual worth of such things, and not buy them when people are selling them for too much. Make their reasons irrelevant to you.
    Feel free to spend your own time and money acquiring these top end items and sell them for what you think is the "actual worth of such things," if you think other people's prices are too high.

    No thanks. The guys selling these things for insane prices would just snap them up.

    I'll keep them for myself and gift them to family if I end up with extras.
  • bernatkbernatk Member Posts: 1,089 Bug Hunter
    bernatk wrote: »
    It's not going to be hard, and I don't have to deal with the existing Super Rich.

    yeah ... no. You always have to deal with the super rich (thru exchange, thru dilithium exchange or direct barter). Unless you plan to open your wallet and spend IRL dollars on R&D packs.

    No I don't. I'm only using in-game wealth to get the R&D packs.

    Than you pay the super rich with your IRL time.
    Tck7dQ2.jpg
    Dahar Master Mary Sue                                               Fleet Admiral Bloody Mary
  • drakethewhitedrakethewhite Member Posts: 1,240 Arc User
    bernatk wrote: »
    bernatk wrote: »
    It's not going to be hard, and I don't have to deal with the existing Super Rich.

    yeah ... no. You always have to deal with the super rich (thru exchange, thru dilithium exchange or direct barter). Unless you plan to open your wallet and spend IRL dollars on R&D packs.

    No I don't. I'm only using in-game wealth to get the R&D packs.

    Than you pay the super rich with your IRL time.

    Huh, no. If anything I'm reducing their profits or even removing them completely (up to the limit of my admittedly small footprint).
  • warpangelwarpangel Member Posts: 9,427 Arc User
    bernatk wrote: »
    bernatk wrote: »
    It's not going to be hard, and I don't have to deal with the existing Super Rich.

    yeah ... no. You always have to deal with the super rich (thru exchange, thru dilithium exchange or direct barter). Unless you plan to open your wallet and spend IRL dollars on R&D packs.

    No I don't. I'm only using in-game wealth to get the R&D packs.

    Than you pay the super rich with your IRL time.

    Huh, no. If anything I'm reducing their profits or even removing them completely (up to the limit of my admittedly small footprint).
    If you buy packs from the ex or Zen from the dilex, you're paying another player. Only way to get them without paying another player its to pay PWE with money to buy Zen directly.
  • themadprofessor#9835 themadprofessor Member Posts: 1,203 Arc User
    I sell ships...lots of them through the years and have accumulated a great deal of wealth in EC currency. IMO this is solely based on players "emotions" of getting the latest and best shiny.

    Personally, I will NOT use the exchange in high end ships and THANKS Cryptic this only helps me make MORE money. Actually double my sales from what the CAP was before. Surely, I'm already selling ships over 2BIL but as usual would ask for Keys or R&D packs. The exchange is useless and only helps to increase prices on those high end ships. More money for us ship sellers tiger-2.gif

    Am I the only one detecting the palpable smell of bull poo?

    Yes you are....tiger-2.gif

    It is my right to make as much as I want without being limited by schemes.

    I'm sure Martin Shkreli and Kenneth Lay used the same arguments. Still doesn't make it right.
    Feel free to check my sales on the Trading Channel where I do most of my business and there are lot more of us there.

    So long as it's run by the same guy, I will never return to the Trading Channel. You claim it's a free market, but it's only free so long as you kowtow to his every whim and believe as he believes. If you dare question him, he silences you. That's not a healthy environment, and I won't be a part of it.
    I'm so glad that this is a "free" economy and as long as there are no limitations some will get rich at the expense of others emotions. After all as others already put it basic demand/supply market.

    Yeah okay Gordon Gecko.


    hqdefault.jpg​​

    So because I have an opinion on what constitutes terrible business practices and price gouging as well as a dislike of a certain individual because they run a channel like their personal fiefdom with the mentality of "do as I say and believe what I say or else"... I'm butthurt?

    Keep believing that, princess.
    Space Barbie Extraordinaire. Got a question about Space Barbie? Just ask.

    Things I want in STO:

    1) More character customization options such as more clothing options, letting the toon complexion affect the entire body, not just the head. Also a true RGB color picker applied to all costume and appearance options, which would allow for true appearance customization and homogenous colors instead of "this same exact color looks vastly different on two different pieces."
    2) Bridge customization, not bridge packs. Let us pick a general layout and adjust the color palette, console appearance, and chair types, as well as more ready room layout options.
    3) Customizable ground weapons, i.e. The aesthetic look of phaser dual pistols but they shoot antiproton bolts. For obvious reasons this would only apply to standard ground weapons.
    4) For the love of Q please revamp Plasma Ground Weapons. They look like demented Supersoakers right now.
    5) True Vanity Impulse and Deflector effects similar to Vanity Shields.
    6) A greater payout for hitting T6 Reputations. Currently it takes more time and resources to get from T5 to T6 than it does to get from nothing to T5. Make that grind really pay out at the end.
    7) Mirrorverse Refugee event similar to AoY/Delta/Gamma, complete with new Mirrorverse recruits for all factions.
    8) Independent Faction, because yo ho yo ho a pirate's life for me!
  • nikephorusnikephorus Member Posts: 2,744 Arc User
    I think it will make prices slightly more competitive.
    Tza0PEl.png
  • drakethewhitedrakethewhite Member Posts: 1,240 Arc User
    warpangel wrote: »
    bernatk wrote: »
    bernatk wrote: »
    It's not going to be hard, and I don't have to deal with the existing Super Rich.

    yeah ... no. You always have to deal with the super rich (thru exchange, thru dilithium exchange or direct barter). Unless you plan to open your wallet and spend IRL dollars on R&D packs.

    No I don't. I'm only using in-game wealth to get the R&D packs.

    Than you pay the super rich with your IRL time.

    Huh, no. If anything I'm reducing their profits or even removing them completely (up to the limit of my admittedly small footprint).
    If you buy packs from the ex or Zen from the dilex, you're paying another player. Only way to get them without paying another player its to pay PWE with money to buy Zen directly.

    True, however if one buys low and sells high- that doesn't go to the Super Rich. It takes away from the super rich as you're playing the same game as they (except I only play for what I and my family can use and not endless wealth for a game that I'll drop the minute something better comes along).

    The only place in the game where the super rich have the advantage is Grey Market and items rare enough to allow price fixing on the open markets. The lesson- avoid those places of advantage to Super Rich and work other areas.
  • jaguarskxjaguarskx Member Posts: 5,945 Arc User
    Price gouging? No. Just because the Exchange cap has been increased does not mean increase prices and force people to buy.

    However, raising the EC cap can eventually cause inflation over time as players slowly accumulate more EC. Most players will likely not be multi-billionaires in the game.
  • warmaker001bwarmaker001b Member Posts: 9,205 Arc User
    I sold a 250x stack of Provisions for 10 million EC!
    XzRTofz.gif
  • meimeitoomeimeitoo Member Posts: 12,594 Arc User
    warpangel wrote: »
    The outcome is that for whatever reason- they've built great wealth and have greatly over-priced some top end items. The answer is be aware of the actual worth of such things, and not buy them when people are selling them for too much. Make their reasons irrelevant to you.
    Feel free to spend your own time and money acquiring these top end items and sell them for what you think is the "actual worth of such things," if you think other people's prices are too high.

    No thanks. The guys selling these things for insane prices would just snap them up.


    ^^ Precisely this! And why all the mumbo jumbo about 'supply & demand' is too simplistic, as the STO market is too easily cornered. Like I asked Iconians, the other day, y'all truly believe something like the Delta Prime Trait is worth over 300 mil!? Or Kemocite-laced Weaponry for hundreds of millions when it first came out?! Or other Traits. The Tycoons are swooping those up, drivig up the prices to insane heights, meanwhile feeding you BS lines about Inflation. At least bubblegirl2015 has the decency to to admit she's trying to take advantage of people.
    3lsZz0w.jpg
  • baddmoonrizinbaddmoonrizin Member Posts: 10,302 Community Moderator
    cCUyYda.png

    Too much to edit here, so let's lay off the personal attacks and refrain from referring to/quoting them, otherwise I'll close this. The debate is a worthy one. Keep PvP off the forum.
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  • nikephorusnikephorus Member Posts: 2,744 Arc User
    cCUyYda.png

    Too much to edit here, so let's lay off the personal attacks and refrain from referring to/quoting them, otherwise I'll close this. The debate is a worthy one. Keep PvP off the forum.

    Please stop posting these giant graphics.
    Tza0PEl.png
  • themadprofessor#9835 themadprofessor Member Posts: 1,203 Arc User
    nikephorus wrote: »
    cCUyYda.png

    Too much to edit here, so let's lay off the personal attacks and refrain from referring to/quoting them, otherwise I'll close this. The debate is a worthy one. Keep PvP off the forum.

    Please stop posting these giant graphics.

    Telling a mod what to do in regards to their job here? That's... not smart.
    Space Barbie Extraordinaire. Got a question about Space Barbie? Just ask.

    Things I want in STO:

    1) More character customization options such as more clothing options, letting the toon complexion affect the entire body, not just the head. Also a true RGB color picker applied to all costume and appearance options, which would allow for true appearance customization and homogenous colors instead of "this same exact color looks vastly different on two different pieces."
    2) Bridge customization, not bridge packs. Let us pick a general layout and adjust the color palette, console appearance, and chair types, as well as more ready room layout options.
    3) Customizable ground weapons, i.e. The aesthetic look of phaser dual pistols but they shoot antiproton bolts. For obvious reasons this would only apply to standard ground weapons.
    4) For the love of Q please revamp Plasma Ground Weapons. They look like demented Supersoakers right now.
    5) True Vanity Impulse and Deflector effects similar to Vanity Shields.
    6) A greater payout for hitting T6 Reputations. Currently it takes more time and resources to get from T5 to T6 than it does to get from nothing to T5. Make that grind really pay out at the end.
    7) Mirrorverse Refugee event similar to AoY/Delta/Gamma, complete with new Mirrorverse recruits for all factions.
    8) Independent Faction, because yo ho yo ho a pirate's life for me!
  • meimeitoomeimeitoo Member Posts: 12,594 Arc User
    nikephorus wrote: »
    cCUyYda.png

    Too much to edit here, so let's lay off the personal attacks and refrain from referring to/quoting them, otherwise I'll close this. The debate is a worthy one. Keep PvP off the forum.

    Please stop posting these giant graphics.

    Telling a mod what to do in regards to their job here? That's... not smart.


    Besides, I love those images! :) He's taking a highly original approach to moderating. Besides the besides, quod licet iovi, non licet bovi.
    3lsZz0w.jpg
  • silverlobes#2676 silverlobes Member Posts: 1,953 Arc User
    edited June 2017
    It won't have an initial impact but it'll shoot up once the next round of lockbox ships arrive for the gougers to do their thing to, less on the current ships but new ones will be a gougers wet dream.

    new lockbox ships are like 300m or less though

    At the moment perhaps which is why I said the NEXT round of lock box ships, meaning ones that aren't out yet.

    Lockbox ships prices are a more or less fixed multiple of key prices, plus or minus some wiggle room based on if it's the current box/discontinued box / infinity box.

    I'm curious to know why changing the exchange cap from 500m to 750m or 750m for 1.5b would make a 300m ec ship cost more though. Why would it?

    Question.

    How can you claim that prices are unaffected and deny gouging will happen when in the same thread you admit to selling three promo ships for double the previous asking price?

    How much inflation would have to be applied before a price is to your mind gouged?

    I hate to spoil the joke but that post about selling promo ships for 500 keys was making fun of people and their crazy nonsense ideas about economics.
    https://imgflip.com/memetemplate/55683044/Sad-Pepe
    "I fight for the Users!" - Tron

    "I was here before you, I will be here after you are gone. I am here, regardless of your acknowledgement or acceptance..." - The Truth
  • warpangelwarpangel Member Posts: 9,427 Arc User
    meimeitoo wrote: »
    warpangel wrote: »
    The outcome is that for whatever reason- they've built great wealth and have greatly over-priced some top end items. The answer is be aware of the actual worth of such things, and not buy them when people are selling them for too much. Make their reasons irrelevant to you.
    Feel free to spend your own time and money acquiring these top end items and sell them for what you think is the "actual worth of such things," if you think other people's prices are too high.

    No thanks. The guys selling these things for insane prices would just snap them up.


    ^^ Precisely this! And why all the mumbo jumbo about 'supply & demand' is too simplistic, as the STO market is too easily cornered. Like I asked Iconians, the other day, y'all truly believe something like the Delta Prime Trait is worth over 300 mil!? Or Kemocite-laced Weaponry for hundreds of millions when it first came out?! Or other Traits. The Tycoons are swooping those up, drivig up the prices to insane heights, meanwhile feeding you BS lines about Inflation. At least bubblegirl2015 has the decency to to admit she's trying to take advantage of people.
    Arbitrage happens when people sell below market price. Someone recognizes that an item priced below market price, buys it and resells it at a price to market price for a profit.

    Something like the Delta Prime trait is worth over 300m, if enough people are willing to pay over 300m for it that supply does not exceed demand at that price point.
  • nikephorusnikephorus Member Posts: 2,744 Arc User
    nikephorus wrote: »
    cCUyYda.png

    Too much to edit here, so let's lay off the personal attacks and refrain from referring to/quoting them, otherwise I'll close this. The debate is a worthy one. Keep PvP off the forum.

    Please stop posting these giant graphics.

    Telling a mod what to do in regards to their job here? That's... not smart.

    I'm sure he's proud of his photoshop skills, but these giant graphics are annoying. If he thinks I've acted against the forum rules he can pm me and give me a warning.
    Tza0PEl.png
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