Runes of Magic US / AU

wtf are u talking about?

eh, must be some reni thing...they always got weird stuff going on...

Lana is talking about Capitalism, or how a free market works. At least in very simplistic terms. Now, some people may complain about Billy taking advantage of those kids, we call those people "Bleeding Hearts", cause they 'Feel' for the kids with their hearts. Billy might say, "hey, I pedaled hard to get those candy bars cheap and bring them to the kids" and he expects to get rewarded for his efforts, "they don't have to pay me 2 dollars, they can go to the store themselves and buy them for a buck, I'm providing a 'service'". And, he is right, they don't have to play his game, but some will because it is 'worth' it to them.

Now, what makes it interesting, and applicable to the current situation with diamonds. Somebody, we will call him Fred, offers Billy 5$ a bar for his whole supply. Whoa, what is going on here? Billy says, Oh Yeah!, sells his whole supply and quickly rides back to the store to buy another box. He now shows up at the playground, but when the kids come with 2$, Billy says, uh uh, bars are now 5$. None of the kids wants to pay 5$ for a candy bar, but they still want the candy. Kids are unhappy, QQ'ing if you will. Some want it so much they dig up the 5$. This makes Billy really happy.

But, what about Fred you say? What's up with that? Well, Fred will continue to buy Billy's supply of candy cause you see, Fred does not have to work to get his dollars, he just prints them up. Fred is a bad man, but he has lots of candy now, which he can also sell for 5$ if he wants, or trade them for other things he wants.

ik what capitalism means...i was just wondering how it connected...

i'm still missing any parts that wouldn't qualify for captain obivous.

reselling / flipping / adapting prices? you don't say!

Quoted from "YomanROM"

i'm still missing any parts that wouldn't qualify for captain obivous.

reselling / flipping / adapting prices? you don't say!

thats what i was talking about...or attempting to at least...

Wouldn't it have made sense to add a part to the story where a 2nd Billy comes around with candy bars and sells them at 75 cents a bar?

Also, why not just say "selling low-priced dias in AH for the next few days/hours/minutes/weeks"?

sell them in stacks on 10 per so you dont run out of dia so fast, and evetually if people keep seeing your low dia on ah for w/e per, eventually others will go to your level if they want to sell dia.. cuz ud be the only selling until they do.

I'm trying to wrap my poor brain around what Lanafear seems to think that "deflation" means.

You could look it up--I did.

It certainly doesn't mean what I've seen regarding AH diamond prices (or AH prices for just about anything) on Osha these past few days. If anything, it's precisely the opposite--inflation.

And unless Lanafear wants to come back and defend his/her idea, I'm also wondering why this isn't in Offtopic.

So we are taking for granted that supply is greater than demand. What happens if person A and person B don't have unlimited diamonds, sell all their stock and person C who has ignored them and had their diamonds listed at 250k the whole time is now the cheapest seller?

Free market economics are childishly simple in basics, fiendishly impossible to predict if you have spent your entire life studying them - but generally, and I am going to stick my neck out a bit here, I think they tend take periods of more than 5 minutes into account.

So on Reni, do you have more supply than demand? And if you have more demand than supply, do see any little problems with such an analogy?

Sure....until Fred steps back in. And Fred is real, he is the guy buying all the diamonds on the AH no matter what price they are listed at. As long as there is a Fred you will have inflation. Because Billy would much rather sell his candy for 5$ than for 2$.

First post is moot if i spend Real money on a virtual item i want as much as i can get due to the fact that i cannot farm the gold because i work too much to play that many hours a day.all i see is end game gear that is way overpriced to sell diamonds to purchse said items.
Its all about math here how many diamonds do you need to sell at a certain price to buy 1 piece of endgame gear........ This is why i no longer strive to be endgame its just to expensive to buy gear with money.i will gear 1 time per year now rather than everytime a new lvl cap is introduced. The arguments go on and on and nothing is solved just people getting angry at each other......no fun in that at all!
Its a game its meant to have fun not grind forever to buy a pice of gear or pay 200 dollars for an unstatted piece of gear.

Well Lanafear/Ziim and his other alts are playing the AH :

Selling gold for 100K per diamond
turns around and put those diamonds up for 137K per diamond.

So basically being the arsehole of the server and raising prices up on Reni. Great job on that one, you will make lots of friends by doing that. BTW good luck getting on runs.

Now just wait and see the prices of gear go up to the roof. Again great job and you are as clueless as to what you are doing.

Also if someone tells him a story from someone from another guild, without verifying the facts and then offers 50M gold to kick one of your officers, loll. It will be nice having a billion gold all alone in your corner playing with yourself.

Too many have tried this crap and it always backfired on them, so have fun.

/close thread

Here is a different perspective on the matter. Lets look at this on a percentage basis. When I quit playing back when the lvl cap was 60 things were much much cheaper all around. However there is ALOT more gold in circulation now. Especially with the hacking that has been going on. So if diamonds and items have gone up 100% in price and the gold in circulation has gone up 100% then things really are no more expensive. If you are a person who works the auction house and buys and sells stuff then this inflation really has no effect on you because you are selling your items at a higher price and are making more gold. On the flip side, if you are a person who relies strictly on a set income(via dailies and other passive incomes) then you will be greatly effected by the inflation. In my opinion, the reason there are so many discrepancies on the matter is because the game has a wide variety of players ranging from the casual gamer(like myself) up to the guy who never leaves his computer. For this reason there will never be a perfect solution. However there have been many things added to the game to accommodate people of all natures. Take the shell gear, memento gear and the bags that drop in Syrbal Pass for example. All of these things can be obtained without an excessive amount of gold and can be used to make a great set of starter gear(the current stage I am in). Yes being able to buy an OD piece of gear from someone would be nice but its not a necessity. Remember back when there was no such thing as an Advanced Bind Lifters? When we had to group up and farm for hours so that every person could get a piece of gear. Personally I think that's half the fun of the game. It also seems much more rewarding to me when I work for it. Anyway this is all just my opinion. Happy Gaming!!!

1. Probably I should think up something clever and biting using the phrase 'Captain Obvious'. But let us forsake the necessity of being rude to people on the internet and just let's accept that bought with real money currency is more valuable than in-game earned currency.

2. While there are no phyical limits on diamonds, as they are a virtual currency, the are supplied only against purchase with real money. And as there is a limited supply of real money to the game, diamonds are limited. In real world situations people can take their profits and reinvest, such as Billy with his chocolate bars. Even if becomes so successful that the shop no longer has the stock to satisfy him he can contact the manufacturers direct, who can supply him even if they need to reinvest his money to increase production. In a game, however, there is no direct correlation between diamonds and dollars. Once you have made your profits and have lots of in-game gold, you cannot then reinvest in diamonds except if someone else is buying them with real money. Your profits can not lead to greater production. Again this is such a basic concept, that I do not quite understand your misunderstanding of it.

3. I totally don't get your distinction between rare, elite and expensive. They are all the same, except in extreme cases as monster cards where something can be rare and expensive, without actually helping the character any. Again if your point here is that some people will use real life currency to get things that they can not or will not earn in game, again this is pretty much a basic feature of a micro-transaction game.

4. If I may deviate from my promise to not be insulting, this is where we reach true idiocy. Diamonds have more value than a dollar price. Indeed, no one wants diamonds for themselves. No one buys 3k diamonds so they can stare lovingly at the number on their screen. The dollar price per diamond is indeed very stable, but there are two other very important concepts of diamond value. One is the gold price. For a proper idea you would also have to calculate some sort of index that would give you also a gold value. If the gold price inflates, then the diamonds devalue. You need more diamonds to buy the same things. The other point of value would be to calculate how many diamonds you need for one character. As refining increases from +6 to +12 to +16 to +20, then you need more diamonds to plus your gear. So they are devalued again. This also leads to greater diamond consumption per player, so a smaller percentage of bought diamonds being resold, meaning inflation of the gold price due to higher demand and lower supply, meaning again more devaluation of the currency.

In conclusion, if you are speculating, you cannot buy higher and sell lower than everyone else. Not unless you are subsidising your whole operation. You must buy lower and sell higher, by definition. Your promises then are false, the qualification of *mostly* does not change the basic message of what you are saying. At best what you are saying is that you will be less damaging to the economy than other speculators.

I don't see how this is an interesting discussion. So far, you have only given the most obvious of premises and used to support illogical conclusions through what I can only assume are deliberate misinterpretations of terms and concepts. The only reason that I am replying at all is the sick morbid fascination of waiting to see what your reply will be. I have no doubt that I will be left disappointed. It's like trying to discuss evolution with someone that believes in Intelligent Design. Everything is so twisted to fit a set of beliefs real discussion is impossible as the terms involved just don't mean the same things.

WTB 3 umptybillion diamonds on Reni - supply is unlimited.