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Inflation In the Gaian Economy

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Naruto 2.0

PostPosted: Wed May 11, 2005 2:58 pm


domokun gonk heart Yes! I finnally found out what I could contribute to this guild X3

As many of you have seen prices have sky rocketed in the past several months due to the over whelming amount of new people to this site. With the more and more users that come to this site, the more gold is made. And thus the more gold that is availible that more gaians are willing to pay for items considering they have more..

There is almost no way to stop this considering the admins I highly doubt that they would lower the amount of gold that you get per post :/... But but selling items at a reasanable price would could lower the rate of inflation it's already gotten to the point where it is not likely to go back down to how low they were last year gonk ....

I might not be a mod in this guild but heck I still have a voice and if a voice is all I have so be it surprised

If there is anyone else who would like to contribute idea's to this feel free to post them, because anyway you can would better that for everyone on this site of gaia <3

Thank you

~Naru
PostPosted: Wed May 11, 2005 3:07 pm


I dont see a reason why the admins would have anything to do with the sudden inflation...

The gaian community is kept up by the users.. And It is our faults that we have inflation...

Let me use a comparison.. Not that I am religious.. I am anti religious... But I just thought of it...

"God" supposedly watches over us.. Like the admins do for us... Do you think "god" makes inflation happen?? No...

Death_Metal_Ninja


Naruto 2.0

PostPosted: Wed May 11, 2005 3:36 pm


:/ I never said it was there fault though
PostPosted: Thu May 12, 2005 6:53 pm


Yes, this inflation is so sad and disgusting. Maybe the admins should set a maximum price for the items...like item values can't go over 90k or something....cuz it's so sad. I mean...just last month...the ninja headband was around 30k and this month it is now around 150k...the price went up so high in just a matter of weeks...what's going on?

ReiCookie


tamcharles

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PostPosted: Thu May 12, 2005 8:40 pm


Kei Nakamura
Yes, this inflation is so sad and disgusting. Maybe the admins should set a maximum price for the items...like item values can't go over 90k or something....cuz it's so sad. I mean...just last month...the ninja headband was around 30k and this month it is now around 150k...the price went up so high in just a matter of weeks...what's going on?
But wouldn't that take away from Gaia's #1 aspect -- the avatar system? Although I see the reason that a max price could be suggested, the effect on Gaia in general wouldn't be a good thing.

Face it, we're not all here for the discussion... so of us (perhaps myself at times) are here for the avatar system, which leads to the items and ultimately the economy.
PostPosted: Fri May 13, 2005 6:31 am


That goddamned gold glitch.... That's what caused inflation.... gonk

Death_Metal_Ninja


Hunterornithocheirus

PostPosted: Fri May 13, 2005 9:30 am


Rollback!! wink i will lost 150k profit i get within 4 days sad
PostPosted: Fri May 13, 2005 2:41 pm


tamcharles
Kei Nakamura
Yes, this inflation is so sad and disgusting. Maybe the admins should set a maximum price for the items...like item values can't go over 90k or something....cuz it's so sad. I mean...just last month...the ninja headband was around 30k and this month it is now around 150k...the price went up so high in just a matter of weeks...what's going on?
But wouldn't that take away from Gaia's #1 aspect -- the avatar system? Although I see the reason that a max price could be suggested, the effect on Gaia in general wouldn't be a good thing.

Face it, we're not all here for the discussion... so of us (perhaps myself at times) are here for the avatar system, which leads to the items and ultimately the economy.
Yes I know that we're all not here just to talk and chat with people halfway around the world, because there's other ways to do that...but still...we should all have at least some control...

ReiCookie


Thaxul

PostPosted: Sat May 14, 2005 6:50 am


Hunterornithocheirus
Rollback!! wink i will lost 150k profit i get within 4 days sad
I will lose some gold too, but not a much as you... Oh well.... sweatdrop
PostPosted: Mon May 16, 2005 12:59 am


Systems of government induce price freezes on nations when they enter a state of chaos.

In this case, Lanzer enstated "restoration" ala "constistutional restoration" theory in the aspect of Gaian Ecnomy, circa 05/09/05 --->rolback.

This inflation wasn't caused by the routine membership acquisition. We regularly get about 1000 users, and tend to lose a number of users for myriad reasons.

Price caps are a good idea, but the method of price caps could vary from globalization to individualization.

For example, in the vend, a price cap could be set for Buy/bid. The Price caps should be set to a proper proportiion of population vs. intial wealth vs. the items potentiality.

Quote:
Who is Online - In total there are 6306 users online :: 4828 Registered, 639 Hidden and 839 Guests

Gaia has articles posted, with 191468563 in storage
We have 1894463 registered users
Most users ever online was 32499 on Sun Mar 27, 2005 6:24 pm


look carefully at those numbers:
1.89 million users, but of those, no more than 32,499 have ever logged in at once.

This gives us two ratios... a minimum high and a maximum high.

The amount of money that users begin with is about 400 gold.
400x32,499 = 12,999,600 or about 13 million gold.

400x1,894,463=757,785,200; over 3 quarters of a billion.

Yet these numbers are not complete. According to the most recent poll:
158,821 is a more accurate representation of the total number of active users in gaia. x400

=63,528,400

so if the price ranges were between 13 million and 63.5 million, they would be an accurate representation of "maximum cap". (recommend 10-50 million both for bank transactions and for vend)

Now looking at the current market trend, the base block of value for a donation letter is 1000 gold. This represents 1 unit.

Counting backwards from start to finish, we have had about 24 months of donation items. You can rule a chronology to item caps, but this is the same as assigning prices to them, stating that so and so item can never be worth sas much as a ____

this should be avoided, to give items a chance to swing through various stages of popular and unpopular.

The real problem isnt that items are too expensive, its that certain items are impossible short of dumb luck, grandfathered in, or cheating.

if you watch carefully the echange competitions, you can tell when someone is accelerating fast because they are screwing people over. And iof they aren't screwing people over, its because its a charity case from a friend under the flag of a mule who is pretending not to know the person.

"oh,i baught this 200k item for 2k then sold it.. look at how cool i am.."

if you look closely you'll notice the difference between legitmate trades and technically legal trades. There is a difference. Its called Ethics.

Ambition should drive people into the green of profit margin, not deception and corruption. Why would the programmers build an economy that was fueled by a force which encouraged honest people to become scoudrels to make a buck?

Its already like that in the real world. People often accuse me of grounding too much in reality, but honestly, some things we can do with out.

- Noire

Michael Noire


Icysnowgirl

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PostPosted: Mon May 16, 2005 8:41 am


n_n Lovely post as usual.

Inflation is a natural thing free market economy.

But, some times, it isn't always exchanging that earns a person an item. If they are a talented artist, they have a shot that way too. 3nodding
PostPosted: Mon May 16, 2005 3:15 pm


Icysnowgirl
n_n Lovely post as usual.

Inflation is a natural thing free market economy.

But, some times, it isn't always exchanging that earns a person an item. If they are a talented artist, they have a shot that way too. 3nodding


unfortuantly not everyone can draw very well sweatdrop

As for inflation, I agree with Noire about that method or maybe there are better or more ways to make gold besides fishing. Still I honesty miss the days when letters were at the most 2k xp

Erika from Dollars


Death_Metal_Ninja

PostPosted: Mon May 16, 2005 3:26 pm


Icysnowgirl
n_n Lovely post as usual.

Inflation is a natural thing free market economy.

But, some times, it isn't always exchanging that earns a person an item. If they are a talented artist, they have a shot that way too. 3nodding


Inflation is unatural though when in the cyber world a glitch appears and allows people who take advantage of it to get thousands of glitched gold...
PostPosted: Thu Jun 09, 2005 3:24 pm


A main reason for the inflation is donation items. Donation items are being bought with real money, or gold, and then are sold at a price that is high. With the guitars I watched for days. It was at first like 8k at high times. Then of course there were the people who bought them at 7k and sold at 8k. People buy low and sell high so that they make about 200g each time. If they do that, they gain gold themselves, and of course the price spirals upwards. Look at the kittys now, 14k a couple days ago. There are a lot of ways to make gold using the market, I sometimes do it myself unfortunately, but it all leads to inflation.

Alex The Dragon Tamer

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Closed Evil Guild 1

 
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