Flynn's Booty - Keep Protesting!

[Steady Ride]

xenpai

You're my hero right now heart

Spottedteddybears

And so are you, thanks for the help! <3

[Calelith]

Steady Ride

Calelith

Uncle Kenny

I want to clear up some misconceptions about what that graph represents. It shows the total amount of gold being transferred in the Marketplace. It does not show the average increase in prices on items, nor does it show the increase in the amount of gold on the site. It shows that more users are using more gold in the Marketplace. That is caused by a combination of more items being sold in general, more desirable items being sold, and more users spending their gold on those items. It is /not/ a direct correlation between price inflation and the release of gold and should not be treated as such. We do have graphs that show us the inflation and show us the total gold and yes, they have risen each time Flynn's Booty was released and no, they haven't completely gone back down to the levels they were before then. However, it's not an infinitely increasing rate of gold and the increase is being met with a rising decrease as that new gold gets spent more and more. I'm not going to claim that it isn't causing inflation, that much can be seen by looking at individual items in the Market, but I will continue to stand by what I said originally which is that it is not an inflation that will persist forever and will be balanced out by the self-sustaining Market. We're still working on new gold sinks to speed up that balancing process and another one will be coming very very soon.

Long story short, arguing that the release causes inflation is fine. Using a graph that is influenced by other factors as irrefutable proof of that inflation is not the way to go though.

"Ph’nglui mglw’nafh Cthulhu R’lyeh wagh’nagl fhtagn."

Why yes, I am indeed the one who was having that exact conversation with him earlier, thank you!
Unfortunately, with the data several people and I are now collecting, it'll become apparent the our good friend Uncle Kenny is slightly misguided on the state of the marketplace and exactly what the overall graph is indicative of.
Just slightly.

I wouldn't say he's that misguided as he knows that there is inflation and he is right that it's good that items are being bought off the MP instead of through trade and/or the Exchange as each sale is removing 2% from it and the higher the items get, the more gold is going to removed from the system.

"Ph’nglui mglw’nafh Cthulhu R’lyeh wagh’nagl fhtagn."

[The Eighth Of Infinity]

Ugh.

Gaia.

Stop.

[Steady Ride]

Calelith

Steady Ride

Calelith

Uncle Kenny

I want to clear up some misconceptions about what that graph represents. It shows the total amount of gold being transferred in the Marketplace. It does not show the average increase in prices on items, nor does it show the increase in the amount of gold on the site. It shows that more users are using more gold in the Marketplace. That is caused by a combination of more items being sold in general, more desirable items being sold, and more users spending their gold on those items. It is /not/ a direct correlation between price inflation and the release of gold and should not be treated as such. We do have graphs that show us the inflation and show us the total gold and yes, they have risen each time Flynn's Booty was released and no, they haven't completely gone back down to the levels they were before then. However, it's not an infinitely increasing rate of gold and the increase is being met with a rising decrease as that new gold gets spent more and more. I'm not going to claim that it isn't causing inflation, that much can be seen by looking at individual items in the Market, but I will continue to stand by what I said originally which is that it is not an inflation that will persist forever and will be balanced out by the self-sustaining Market. We're still working on new gold sinks to speed up that balancing process and another one will be coming very very soon.

Long story short, arguing that the release causes inflation is fine. Using a graph that is influenced by other factors as irrefutable proof of that inflation is not the way to go though.

"Ph’nglui mglw’nafh Cthulhu R’lyeh wagh’nagl fhtagn."

Why yes, I am indeed the one who was having that exact conversation with him earlier, thank you!
Unfortunately, with the data several people and I are now collecting, it'll become apparent the our good friend Uncle Kenny is slightly misguided on the state of the marketplace and exactly what the overall graph is indicative of.
Just slightly.

I wouldn't say he's that misguided as he knows that there is inflation and he is right that it's good that items are being bought off the MP instead of through trade and/or the Exchange as each sale is removing 2% from it and the higher the items get, the more gold is going to removed from the system.

"Ph’nglui mglw’nafh Cthulhu R’lyeh wagh’nagl fhtagn."

Well, in the conversation I had with Uncle Kenny, these are the talking points he had:

* He's aware that there's inflation.
* He accepts that the FB is causing inflation.
* He's aware that a massive and effective goldsink is needed to fight the fire.

And yet,

* He does not believe that the overall inflation he acknowledges, being caused by the item he recognizes as being responsible for it, is not accurately shown in a graph that shows the sudden and dramatic surge of gold moving through the marketplace starting at the time FB was released.

So, I feel like he made a wrong turn somewhere in there.

[xenpai]

Steady Ride

I tried to pick from many different types of items to show the range.
That should be enough to prove the 'average increase of item prices', ja?
I'd look more but I have a killer headache.
Also, I don't hate gc. I think it's a great idea to fund the site.
I just hate Flynn's Bankrupt.
I have hope the site can pull through this<3

[Sari1995]

Inari's Beads


Elemental Wings


Devoted Spica


Little Lucie


Seracila Pendant


I have more if you want them.

[Steady Ride]

xenpai

Steady Ride

I tried to pick from many different types of items to show the rage.
That should be enough to prove the 'average increase of item prices', ja?
I'd look more but I have a killer headache.
Also, I don't hate gc. I think it's a great idea to fund the site.
I just hate Flynn's Bankrupt.
I have hope the site can pull through this<3

No, overall, the cash shop is great. People complain about it all the time, but cash shop or gold shop, adding more items into the economy spreads demand around, which drives prices down, or at least the value of gold up. It's just ******** gold-generating machines like this that are just the worst idea ever, and they want to try to justify it by saying that they measure and monitor the impact on the economy? These pricetags tell a different story.
But thanks for your help! I think we have a really decent sampling of the ******** happening in the OP now. emotion_c8

[Steady Ride]

Sari1995

Please, by all means, keep them coming. heart

[HiIarryous]

La Bella Figura

Reve Marin

Ginga Acceleration

Monster Masquerade

Tragic Tower

[Steady Ride]

Rainychu

Many thanks emotion_c8

[xenpai]

Steady Ride

xenpai

Steady Ride

I tried to pick from many different types of items to show the range.
That should be enough to prove the 'average increase of item prices', ja?
I'd look more but I have a killer headache.
Also, I don't hate gc. I think it's a great idea to fund the site.
I just hate Flynn's Bankrupt.
I have hope the site can pull through this<3

No, overall, the cash shop is great. People complain about it all the time, but cash shop or gold shop, adding more items into the economy spreads demand around, which drives prices down, or at least the value of gold up. It's just ******** gold-generating machines like this that are just the worst idea ever, and they want to try to justify it by saying that they measure and monitor the impact on the economy? These pricetags tell a different story.
But thanks for your help! I think we have a really decent sampling of the ******** happening in the OP now. emotion_c8

The sad part is they probably keep re-releasing them because so many people buy it
I feel the users are just as much at fault for using/buying them as Gaia is for releasing them.
So I feel until things straighten out the best thing we can do as users is to not be selfish and buy them now because it will hurt in the long run as the graphs indicate.
Keep up the good work~

[This Isnt Sparta]

I'd just like to show that this isnt just the more popular items that are mostly being affected. Ive had the MC Aquatica on my wishlist for awhile. Since I wasnt actively seeking to have it, it was there on my wishlist just to remind me. It stayed at a mostly stagnant prices for awhile now. But thanks to flynn's booty, it has doubled in price. neutral
Maybe this is an insignificant example in comparison to items that have seen incredibly large price hikes, but I know there are plenty of unpopular items that have also been affected by this.

[King Awesomolocity]

Gaia straight up sucks now. Just sayin.

~King Awesome

[King Awesomolocity]

Calelith

I wouldn't say he's that misguided as he knows that there is inflation and he is right that it's good that items are being bought off the MP instead of through trade and/or the Exchange as each sale is removing 2% from it and the higher the items get, the more gold is going to removed from the system.

"Ph’nglui mglw’nafh Cthulhu R’lyeh wagh’nagl fhtagn."

There isn't enough gold being removed from the system to compensate.

~King Awesome

[King Awesomolocity]

Calelith

Uncle Kenny

I want to clear up some misconceptions about what that graph represents. It shows the total amount of gold being transferred in the Marketplace. It does not show the average increase in prices on items, nor does it show the increase in the amount of gold on the site. It shows that more users are using more gold in the Marketplace. That is caused by a combination of more items being sold in general, more desirable items being sold, and more users spending their gold on those items. It is /not/ a direct correlation between price inflation and the release of gold and should not be treated as such. We do have graphs that show us the inflation and show us the total gold and yes, they have risen each time Flynn's Booty was released and no, they haven't completely gone back down to the levels they were before then. However, it's not an infinitely increasing rate of gold and the increase is being met with a rising decrease as that new gold gets spent more and more. I'm not going to claim that it isn't causing inflation, that much can be seen by looking at individual items in the Market, but I will continue to stand by what I said originally which is that it is not an inflation that will persist forever and will be balanced out by the self-sustaining Market. We're still working on new gold sinks to speed up that balancing process and another one will be coming very very soon.

Long story short, arguing that the release causes inflation is fine. Using a graph that is influenced by other factors as irrefutable proof of that inflation is not the way to go though.

"Ph’nglui mglw’nafh Cthulhu R’lyeh wagh’nagl fhtagn."

More gold is being transferred in the economy because there is more gold in the economy.
Plain and simple.

~King Awesome