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 Posted: Tue Sep 20, 2005 8:43 pm
I must state that I have been around gaia for over 2 years which has given me plenty of time to watch the developement of gaia. One occurrence is that there has been an incredible inflation on gaia for some items the inflation rate is 150%. I believe that the root of this lies in the fact that more gold is being introduced into circulation than spent on shops or coming of new users.
It is no mystery for the answer in this inflation is the gaia guild network which dispenses twice the amount of gold than regular posting. My proof is the fact that Fox Ears pre guilds were going for 1900-2000 gold but now can easily hit 6000 this occurence has spread to coon tails, fox tails and cat ears.
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Posted: Wed Sep 21, 2005 8:14 am
I can't say I've noticed. I don't think it is inflation, I think it's just supply and demand more than anything else. For all we know those items aren't appearing as often in proportion to the increased userload on the forums. I know it's been a real long time since I've gotten a rare event.
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Socrates in Disguise rolled 1 20-sided dice:
3
Total: 3 (1-20)
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Socrates in Disguise Captain
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Posted: Wed Sep 21, 2005 10:11 am
inflation is perfectly normal for a sight with such a heavy load as this does. I happen to like the fact that Gaia has a real economy. The prices are kept fair even if they are outrageous.
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Posted: Wed Sep 21, 2005 12:41 pm
I find it funny that the site has an 'economy' at all.
With a reletively infinate supply of money, as created by posting and such, high prices are practically required. It's the only way to create any kind of balance, even in this faux economy.
And for the record, I've never gotten one of these rare moments. This would make me so sad if I hadn't watch one of my friends get two or three in a one hour period. Rare and random are two different things people.
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Contemplation generated a random number between
1 and 3000 ...
2645!
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Posted: Wed Sep 21, 2005 2:59 pm
Rarety is how frequent the event will pop up in an extended amount of trys versus random which picks out an item from a group of items.
For instance If I get 1000, 2000, or 3000 then I get a rare event which has an occurrence of 1/1000 the random part being the number generator which actually does have a pattern but just to complex to figure out without a computer.
EDIT: Nope didn't get the rare event.
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Posted: Mon Sep 26, 2005 12:37 am
Did anybody hear about how somebody had hacked EQ and had introduced millions of gold damaging the EQ world economy. The feds even got interested in it b/c EQ objects do have a real monetary value. There was speculation that if a virtual world became to valuable it's economy could affect the real world economy. When fake gold is worth real money. Even on Gaia... I would say that gold on gaia would be worth $2.50 USD = 5000g. This based on the fact that most donation items sell for around 5k on the marketplace on average, until they become rare items or sought after. I think spikes in Gaia's population also causes a lot of this inflation. You and I might be bored to death of the donation items from the summer... but a n00b that just joined b/c he heard about it thru school or friends... that guy might want the item and think it's the coolest thing ever. Compounded every month, and you get the donation items that are worth a ridiculously high amount.
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Posted: Mon Sep 26, 2005 12:51 pm
sounds about right... you have people who weeren't on who didn't have a chance to buy it and thus go crazy for getting it...
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Contemplation rolled 2 10-sided dice:
5, 1
Total: 6 (2-20)
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Posted: Tue Sep 27, 2005 8:31 pm
ochimaru Did anybody hear about how somebody had hacked EQ and had introduced millions of gold damaging the EQ world economy. The feds even got interested in it b/c EQ objects do have a real monetary value. There was speculation that if a virtual world became to valuable it's economy could affect the real world economy. When fake gold is worth real money. Even on Gaia... I would say that gold on gaia would be worth $2.50 USD = 5000g. This based on the fact that most donation items sell for around 5k on the marketplace on average, until they become rare items or sought after. I think spikes in Gaia's population also causes a lot of this inflation. You and I might be bored to death of the donation items from the summer... but a n00b that just joined b/c he heard about it thru school or friends... that guy might want the item and think it's the coolest thing ever. Compounded every month, and you get the donation items that are worth a ridiculously high amount. Interesting but why would new members cause random event items or even sealed envelopes to rise in price since in theory the ration of new players that donate should be the same and that new players still have the same chances to get a rare event? Either more guild posting is happening or a considerably less chance that new gamers are donating less but still leaving the question, why are rare event items getting more expensive when the demand to occurrence ration should be the same.
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Posted: Fri Sep 30, 2005 1:56 pm
I think the demand for the rare even items is rising as awareness rises. I only recently found out the angelic headband was a rare even item.
As for the donation items, that's a whole different matter. There are a lot of international users of Gaia who can't donate, then there's the people who don't have credit cards or paypal... and then the fact that Gaia is dominated by kids under 18, who aren't exactly strapped with cash. So, all of these people can only get donation items via the marketplace or exchange forums. I find it odd that old old donation items don't gain in value more. Obviously a low demand vs donator count.
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Posted: Fri Sep 30, 2005 6:33 pm
ochimaru I think the demand for the rare even items is rising as awareness rises. I only recently found out the angelic headband was a rare even item. As for the donation items, that's a whole different matter. There are a lot of international users of Gaia who can't donate, then there's the people who don't have credit cards or paypal... and then the fact that Gaia is dominated by kids under 18, who aren't exactly strapped with cash. So, all of these people can only get donation items via the marketplace or exchange forums. I find it odd that old old donation items don't gain in value more. Obviously a low demand vs donator count. Actually old items do gain in value just that the past six months have been not so great items coupled with the fact that people lost confidence in sealed envelopes and are only regaining that trust.
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Posted: Fri Apr 07, 2006 6:40 am
Socrates in Disguise inflation is perfectly normal for a sight with such a heavy load as this does. I happen to like the fact that Gaia has a real economy. The prices are kept fair even if they are outrageous.
neutral
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