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 Posted: Tue Sep 01, 2009 2:42 pm
The Phrenologikal Cat Hydra-Star And I don't think it's users who are raping the economy. Gold is pouring into the Gaia economy, especially through things like the cash shop, and not being taken out. That's what's causing the inflation. Nope, the majority of inflation is artificial. One or two people price something on the market 50k+ish more than it's worth, and everyone else follows suit because they think that's the price now. Something worth 20k is now worth 80k. Because of one guy, abouts. That's not the way a market works at all. If it were truly not worth 80k then no one would buy it and thus the price would drop. If that item were 20k they would sell out extraordinarily fast. An item is worth what people will buy it for. That's how a market works.
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Posted: Tue Sep 01, 2009 7:02 pm
That's how you get such high prices when the MCs are first released. Eventually, yes, they drop. But if eventually everyone goes with the infalted prices, and the only way to pick up a certain item is through inflated market prices, then people are going to buy them at those prices.
Or not.
Look.
Whatever.
I'm too exhausted for a debate on economics.
Because.
Who the hell debates economics?
It would be like debating accounting.
talk2hand
I think I may just stick to debating books and movies.
I concede the point.
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Posted: Tue Sep 01, 2009 7:52 pm
The Phrenologikal Cat That's how you get such high prices when the MCs are first released. Eventually, yes, they drop. But if eventually everyone goes with the infalted prices, and the only way to pick up a certain item is through inflated market prices, then people are going to buy them at those prices. Or not. Look. Whatever. I'm too exhausted for a debate on economics. Because. Who the hell debates economics? It would be like debating accounting. talk2hand I think I may just stick to debating books and movies. I concede the point. I think that they are worth more at that point in time because there's less of them on the market and more people want them. But whatever. You're right. Although now that I think about it, I know WAY too many people who debate about both economics and accounting. *shoots self*
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Posted: Wed Sep 02, 2009 2:01 am
Hydra-Star That_comic_guy The Phrenologikal Cat I really could care less if the Gaia economy crashed, just because a) I'm a hoarder, so I never sell even the most worthless of things unless I have multiples. b) there is nothing woeful about the virtual price of virtual items for virtual gold getting screwy. Through artificial inflation, people are already messing with the Gaia economy anyway. Remember when you could pick up an MC for 6k on the market within a few days of it's release? Now it starts at 80k-ish and floats down to 30k. People are already raping the economy for the profit of, uh, nothing. Really. A number on the screen. C- We have a class system that mirrors the one in real life America. As the middle Class Gaians (IE the ones that made smart invents and such) are slowly becoming just like the newbie poor. As they can't catch a break. However yes it would be fun to see if it did in fact crash. However Gaia would have to release CS, Ei, and RIGS pretty aggressively for that to happen. I'm talking on the hour not just a few times a week. Also if gold was just shat out in en mass as well. Like when they had that Sour Patch glitch that told dozens of Gaians they won 1 million gold. Something like that has to happen. Or much like 1929 demand has to drop to negative number (IE a boycott of some type) Damn now I want crash the system. I haven't noticed a class system. I mean, most Gaians aren't mean to people who are poorer than them or something. It's true that people who have been around longer tend to be richer, but that's just common sense. Are you going to single handedly bring down the Gaian economy? LOL oh you are so shelter from the cruel world of Gaia FU members! (Good for you though. I wish I could do the same) Yes a ton of Gaia are a lot meaner now though yes it does depend on the forums (GD is infamous of course along with BOTH ED's). I donated back to the person who randomly donated to me as I no one has donated to me in YEARS! In fact I hardly think anyone randomly donates anymore unless they are running some type of charity and even then they usually makes you WORK for it. Forum-wise: if you have a poor'ish looking avatar people are more likely to call troll, n00b, and dumbass on you. So yeah there's a class system it not on an epic scale yet but it's indeed there. Also I am noticing that new people are richer than the older members as they are MORE likely to spend cash for pixels. Older members are more likely to be middle class(avg 30k-50K) or upper-middle class (avg gold 100K). (How I get those figures? I been lurking all the gold based forum as well as the marketplace. Sad I using everything I learn in school on this website) The only way I could have crashed the system is if I win a couple million, plus hit three halos on slots, and buy some cash cards. I would also have to be one of the few first dozen of people to buy the lastest Ei, Rigs, and some other choice products then have at it on the exchange and MP. It would rather risky and much like the movie Trading Places which I don't have the time or energy to do such a thing. As it would take about a few days to plan. That and I am sure how "legal" it would be.
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Posted: Wed Sep 02, 2009 2:03 am
Hydra-Star The Phrenologikal Cat Hydra-Star And I don't think it's users who are raping the economy. Gold is pouring into the Gaia economy, especially through things like the cash shop, and not being taken out. That's what's causing the inflation. Nope, the majority of inflation is artificial. One or two people price something on the market 50k+ish more than it's worth, and everyone else follows suit because they think that's the price now. Something worth 20k is now worth 80k. Because of one guy, abouts. That's not the way a market works at all. If it were truly not worth 80k then no one would buy it and thus the price would drop. If that item were 20k they would sell out extraordinarily fast. An item is worth what people will buy it for. That's how a market works. The cat is right and I could prove it with what I said before. If I were the first to buy something people will follow suit. I mean when you look at some of the RIGS and other cash shop items that's basically what Cat is talking about. As Gaia doesn't set a gold price for it so yeah I could sell (some random CS item) at 90K and if I am the first one. Everyone will listen to me. Cause it's new and its only for the cash. (I don't think we are debating. I think this is more of a real discussion. I like it. I wish the ED was like this)
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Posted: Wed Sep 02, 2009 8:37 am
That_comic_guy Hydra-Star The Phrenologikal Cat Hydra-Star And I don't think it's users who are raping the economy. Gold is pouring into the Gaia economy, especially through things like the cash shop, and not being taken out. That's what's causing the inflation. Nope, the majority of inflation is artificial. One or two people price something on the market 50k+ish more than it's worth, and everyone else follows suit because they think that's the price now. Something worth 20k is now worth 80k. Because of one guy, abouts. That's not the way a market works at all. If it were truly not worth 80k then no one would buy it and thus the price would drop. If that item were 20k they would sell out extraordinarily fast. An item is worth what people will buy it for. That's how a market works. The cat is right and I could prove it with what I said before. If I were the first to buy something people will follow suit. I mean when you look at some of the RIGS and other cash shop items that's basically what Cat is talking about. As Gaia doesn't set a gold price for it so yeah I could sell (some random CS item) at 90K and if I am the first one. Everyone will listen to me. Cause it's new and its only for the cash. (I don't think we are debating. I think this is more of a real discussion. I like it. I wish the ED was like this) If people will buy something for a certain amount of gold, that's how much it's worth. That is how a market works. People may abuse the market by selling new items for a lot in the beginning, but people buy them. If people stopped buying items at that price, they wouldn't be sold at that price. In any market, the goal is to make a profit, and the same is true of Gaia. It happens in the real world and it happens here. Artificial inflation is caused when someone hordes thousands of an item, creating a shortage. Then the prices of that item skyrocket. It has been known to happen on Gaia, but it is very rare.
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Posted: Fri Sep 04, 2009 3:28 am
Hydra-Star If people will buy something for a certain amount of gold, that's how much it's worth. That is how a market works. People may abuse the market by selling new items for a lot in the beginning, but people buy them. If people stopped buying items at that price, they wouldn't be sold at that price. In any market, the goal is to make a profit, and the same is true of Gaia. It happens in the real world and it happens here. Artificial inflation is caused when someone hordes thousands of an item, creating a shortage. Then the prices of that item skyrocket. It has been known to happen on Gaia, but it is very rare. That's kind of true but the laws of supply and demands apply as well. I mean if you're the one that has it. People will pay whatever for it cause they are lazy and don't want to wait. Then they like to b***h on the forums saying how the MP is such a rip off. I laugh at them. The MP is supposed to more wait and see than anything. So it just a tiny different from the real world but yeah point is we are both correct because you have so many different people using the MP.
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Posted: Fri Sep 04, 2009 8:54 am
That_comic_guy Hydra-Star If people will buy something for a certain amount of gold, that's how much it's worth. That is how a market works. People may abuse the market by selling new items for a lot in the beginning, but people buy them. If people stopped buying items at that price, they wouldn't be sold at that price. In any market, the goal is to make a profit, and the same is true of Gaia. It happens in the real world and it happens here. Artificial inflation is caused when someone hordes thousands of an item, creating a shortage. Then the prices of that item skyrocket. It has been known to happen on Gaia, but it is very rare. That's kind of true but the laws of supply and demands apply as well. I mean if you're the one that has it. People will pay whatever for it cause they are lazy and don't want to wait. Then they like to b***h on the forums saying how the MP is such a rip off. I laugh at them. The MP is supposed to more wait and see than anything. So it just a tiny different from the real world but yeah point is we are both correct because you have so many different people using the MP. The laws of supply and demand most certainly apply! As I said earlier, that's what really creates artificial inflation. Sometimes people will hoard thousands of an item so that the price will inflate and they can sell them for more gold. It's rare, but it happens. It's also, of course, why some older items are so expensive. There's just not very many of them!
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