SF/Chaos Plains Farm Will Not "Ruin Teh Economyz"

Momir

Ascalonian Squire

Join Date: Mar 2007

[SSW]

Mo/

26 Jun 2008 at 18:55 - 41
Quote:
Originally Posted by romeus petrus
SF made it rediculously easy for anyone with half a brain to make a stack of ectos in a matter of hours. There is no build out there atm that made ectos farming so efficient.
Ever hear of the A/Me build?

Well, It is a perma SF Build. It was out there....Oh...WAY before the SF Buff, And is still being used. It was a way to farm what? Ecto. So there was a build before the buff that could farm ecto just as easy, it just took a little longer to learn. So, again you are wrong.

And everyone should remember The Great Depression. Yes, The great depression. Everyone has basically slept through that part of their history class, but it can teach us a lot. As i see it ecto is like the U.S. Dollar. When too many of them are printed the value of it goes down. So, when the market is flooded with "worthless" "dollars" no one can afford anything. The problem is that in GW we won't stop farming it. So it is like the depression Germany had. Anyone remember that? We'll after WW1 Germany had liquidated so much of it's money to pay for the costs of war that bread was over 1 million marks. Yes, 1 Million marks for a loaf of bread. Their "dollar" was so worthless it was easier to burn it for heat then use it. So. What we need is for people to stop over farming the UW. And for people to stop making ridiculous threads and stupid comments on them.

AshenX

Frost Gate Guardian

Join Date: Jan 2008

Orange County, CA.

Black Flag

R/

26 Jun 2008 at 19:01 - 42
According to the dictionary one of the definitions of currency is, "money."

One of the many definitions of money is tradable asset used in exchange for goods or services. This sounds like how ectos are used to me.

If ectos = money, and money = currency, then ectos = currency.

This is based on a basic principle of both mathematics and logic: If A = B, and B = C, then A = C.

Jenn

Jenn

Resigned.

Join Date: Sep 2006

26 Jun 2008 at 19:03 - 43
As someone else has already said, it is the merching of ectos that is causing th eprice to get wtfownt. Prior to the A/E farm, if a bunch of people decided to sell their ectos, the price of them would have done the same thing. The people who merch their ectos are the ones hurting their own profit because it is them driving the price down. I don't have exact numbers, but it probably takes a helluva lot of ectos to be merched for the price to go down - which means a lot of people complete disregard or aren't aware of the economy =O

What has made people be so cavalier with ectos is the ease in which they are obtained, namely the A/E farm. Who cares if you just merched 5 ecto for 17k instead of selling them to a person for 20k? You can just go back in and get 5 more in 20 minutes. At least that's how I think some people see it... :x

Some of the people arguing about this are being pretty ridiculous... arguing different pieces and perspectives of the same big picture.

(and for you brilliant people, I'm not saying merching = merchant, but rather selling to the rare mats trader).

romeus petrus

romeus petrus

Jungle Guide

Join Date: Jun 2006

Urgoz Warren

Legion of Doom [LOD] Home of PWNZILLA http://PWNZILLA.guildlaunch.com

26 Jun 2008 at 19:04 - 44
Quote:
Originally Posted by Momir
Ever hear of the A/Me build?
Farming with A/Me permaSF was no where near as easy as it is now with A/E. Of course there are other builds that farm ectos: 55 solo, 55/SS duo, 600/smite, E/Me, W/Rt, Rt/W.. just to name a few. None of these builds was near as easy or efficient in hording ectos as our new A/E SF.

Your agruments seem to make less and less sense the more you post. Having other builds that can farm ectos is not relevant to the topic at hand which is that the new SF with its unreal efficiency in farming ectos is killing the economy.

Since all that needs to be said has already said, and since your argument is clearly making no sense at all any more, this will be my last post in this thread.

/close

MirkoTeran

MirkoTeran

Forge Runner

Join Date: Sep 2005

Slovenia

Scars Meadows [SMS]

Mo/

26 Jun 2008 at 19:06 - 45
Quote:
Originally Posted by lyra_song
"Im right, youre wrong."

This isn't a discussion. Its a rant.
QFT.

Signed for /close.

AshenX

Frost Gate Guardian

Join Date: Jan 2008

Orange County, CA.

Black Flag

R/

26 Jun 2008 at 19:07 - 46
Quote:
Originally Posted by Momir
Ever hear of the A/Me build?

Well, It is a perma SF Build. It was out there....Oh...WAY before the SF Buff, And is still being used. It was a way to farm what? Ecto. So there was a build before the buff that could farm ecto just as easy, it just took a little longer to learn. So, again you are wrong.

And everyone should remember The Great Depression. Yes, The great depression. Everyone has basically slept through that part of their history class, but it can teach us a lot. As i see it ecto is like the U.S. Dollar. When too many of them are printed the value of it goes down. So, when the market is flooded with "worthless" "dollars" no one can afford anything. The problem is that in GW we won't stop farming it. So it is like the depression Germany had. Anyone remember that? We'll after WW1 Germany had liquidated so much of it's money to pay for the costs of war that bread was over 1 million marks. Yes, 1 Million marks for a loaf of bread. Their "dollar" was so worthless it was easier to burn it for heat then use it. So. What we need is for people to stop over farming the UW. And for people to stop making ridiculous threads and stupid comments on them.
I am sorry to disagree but the Great Depression in the US was not caused by over printng of the Dollar. You are correct in your statement that Germany did over-print its currency during the Weimar republic period following WWI.

Sniper22

Wilds Pathfinder

Join Date: Apr 2005

26 Jun 2008 at 19:07 - 47
Quote:
Originally Posted by Chthon
Why do you think hysteria has to be instantaneous? Can't some people decide to sell short the day SF is buffed, while some people wait until they see a particular "a-net U must nerf teh SF/Chaos Planes cuz it will ruin teh economyz" thread that really convinces them, while others wait until they've seen a dozen such threads and seen the price drop by 1k, while others still wait until they see the price drop by 2k? Some people have higher thresholds before irrational panic sets in than others.
People do not need to see a "nerf SF thread" to realize that the ecto prices are gonna drop from the new farm. These threads mainly started to appear a lot after the prices started dropping.

Gun Pierson

Gun Pierson

Forge Runner

Join Date: Feb 2006

Belgium

PIMP

Mo/

26 Jun 2008 at 19:08 - 48
UW yard sale, FoW armor for everybody even for the retarded, cause we care.

Just saying, what's the point in having an elite armor amongst elite armors when you farm it in a day or two. But I know, it lost its elite status a long time ago.

Anyway I wanne show good sportmanship so hf with the armors.

JONO51

Wilds Pathfinder

Join Date: Oct 2006

P/

26 Jun 2008 at 19:08 - 49
Quote:
Well, that's certainly bad for you, but you are not the economy.
If I cant be the economy, then I dont want A/E to be. A lot of money just got wiped off many players accounts essentially. To say that isnt bad is stupid. yes, they can buy more ecto's for the same amoutn they had back then, but they dont have that amount they had back then anymore do they?

Martin Firestorm

Krytan Explorer

Join Date: Dec 2005

Louisiana

E/Me

26 Jun 2008 at 19:09 - 50
Quote:
Originally Posted by Chthon
Your e-peen is not the economy.
With you until there. My e-peen is everything.

Jiao Yang

Jiao Yang

Lunar Rabbit

Join Date: Dec 2005

26 Jun 2008 at 19:11 - 51
Regardless of all this arguing, if SF/Choas plains was nerfed, it would restore the price of ectos as people would take advantage of low prices and buy large amounts from the trader, raising the price again...
Which would be nice for some people

joshuarodger

joshuarodger

Unbanned

Join Date: Jan 2008

Trinity of the Ascended [ToA] -- IGN: Swirly

Mo/

26 Jun 2008 at 19:12 - 52
why on earth are people still starting threads like this one. it's been argued ad nauseum, for and against, in a number of threads already.

Tyla

Emo Goth Italics

Join Date: Sep 2006

26 Jun 2008 at 19:16 - 53
A godmode skill should never exist.

PANTHOR

Ascalonian Squire

Join Date: Jan 2007

You Thought We Got Dhuumed[iBot]

W/

26 Jun 2008 at 19:19 - 54
Very true thread, +1

Targren

Desert Nomad

Join Date: Aug 2007

Primeval Warlords[wuw]

R/

26 Jun 2008 at 19:22 - 55
Quote:
Originally Posted by AshenX
According to the dictionary one of the definitions of currency is, "money."

One of the many definitions of money is tradable asset used in exchange for goods or services. This sounds like how ectos are used to me.

If ectos = money, and money = currency, then ectos = currency.

This is based on a basic principle of both mathematics and logic: If A = B, and B = C, then A = C.
That "basic principle" is called "substitution", but you are working off of a failed premise.

The key words in both of your first two statements is "one of". "A tradable asset used in exchange for goods or services" CAN be money, but it does not have to be. If you look up "one of" the definitions of "trade", it includes "barter" where tradable assets are exchanged for other tradable assets. If I give someone three chickens and a goat for his cow, neither the chickens and goats, nor the cow, become money.

Quote:
Originally Posted by joshuarodger
why on earth are people still starting threads like this one. it's been argued ad nauseum, for and against, in a number of threads already.
And it will be until the heat death of the universe, or Anet does something, one way or the other. They either come out with the SF nerf that the high-enders are whining for, or they come out and say "We looked at it, determined it's not as bad as you say, so STFU, it's not happening."

Until one of those three events comes to pass, we've got a GW civil war that makes the PvP vs PvE schism look like a boy scout jamboree.

Grunntar

Grunntar

Lion's Arch Merchant

Join Date: Apr 2005

26 Jun 2008 at 19:23 - 56
Quote:
Originally Posted by Targren
The traders...prices are affected by the number of ectos SOLD TO THEM.
Quote:
Originally Posted by Chthon
There is an illusion that the chaos plains farm is causing a huge spike in supply. It's not...
I think that the core issue is that it has increased the supply of disposable income. Specifically, disposable ectos. Going for quick profit, new farmers have flocked to farm these globs of goo, selling them at the Rare Materials Trader, thereby causing the benchmark price to fall. And since human traders always base their selling price on what the Rare Material Trader sells it for, they were likewise forced to drop their prices.

Quote:
Originally Posted by Chthon
(which would have stayed constant had people behaved rationally)
Haha, like there's EVER a chance that will happen!

Quote:
Originally Posted by Chthon
(Falling prices) has affected supply by leading people to sell their ectos short
Ahh, "The Snowball Effect..." Panic selling will drive down prices further. If the inherent value of the commodity doesn't change, however, this should be short-term. If it's value is most based on perception (like ectos, maybe?!?!), then it could be quite long-lasting.

Quote:
Originally Posted by Chthon
A Drop in Ecto Prices Is NOT Bad for the Economy
Hmm, is this an opinion? It looks like you try to present it as a fact. I know that in the Real World, if one day I can buy a loaf of bread and a jug of milk, and the next day I can't because of the devaluation of the dollar, it would seem to me that the economy is going south.

Quote:
Originally Posted by Chthon
The Rationales for WHY a Low Ecto Price Is Bad for the Economy Are Faulty... They seem to take for granted that a low ecto price means the end of the world... Well, that's certainly bad for you, but you are not the economy.
And maybe that's it! Maybe when people say that "the economy is bad" they are really looking at it from a personal perspective. And there's nothing wrong with that. I think that the OP may be caught up with the technical definition of the state of the economy. Not knowing much about economics, perhaps the decrease in the price of a single commodity is not bad for an economy. I don't know. But the decrease in buying power of a currency certainly is! So when someone says "the economy is bad," maybe they just mean "my view of the economy is that it is bad." Taken in this context, doesn't that make the OP's argument invalid?

Quote:
Originally Posted by Chthon
FoW + Chaos Gloves + Dread Mask outfit is so horrifically tacky, people should be prevented from making more of them on aesthetic grounds
OK, I'm 100% with you on this issue! Can we start a petition or something?

- Grunntar

Darkobra

Darkobra

Forge Runner

Join Date: Aug 2006

Scotland

Type like an idiot, I'll treat you like an idiot

E/Me

26 Jun 2008 at 19:29 - 57
Quote:
Originally Posted by Gift3d
Oh okay. Ecto prices drop by 2k right after the SF update, but it's not cause of the SF update!

You're just another moron making just another SF thread. Grats.
Quote:
Originally Posted by Gift3d
Kind of sad how Guru's gone to such a garbage place.
I knew it wouldn't be long before I could do that.

Miska Bow

Miska Bow

Krytan Explorer

Join Date: Jan 2008

somewhere, Grinding some l33t titles

Order of the Divine WoodChuck

R/

26 Jun 2008 at 19:30 - 58
It may seems off topic but, how is all of this ever gonna affect the price of milk for my little 2 years old?

kostolomac

kostolomac

Jungle Guide

Join Date: Apr 2008

Serbia

Me/

26 Jun 2008 at 19:33 - 59
Quote:
Originally Posted by Grunntar
Hmm, is this an opinion? It looks like you try to present it as a fact. I know that in the Real World, if one day I can buy a loaf of bread and a jug of milk, and the next day I can't because of the devaluation of the dollar, it would seem to me that the economy is going south.
- Grunntar
But ecto isn't the dollar in GW , gold is. Ecto is something more like oil. In RL oil supply is shrinking , in GW it's the opposite.

Skitsefrenik

Frost Gate Guardian

Join Date: Jun 2007

Maryland

P/

26 Jun 2008 at 19:35 - 60
Quote:
Originally Posted by Miska Bow
It may seems off topic but, how is all of this ever gonna affect the price of milk for my little 2 years old?
When ecto price becomes so low, you will stop farming them. Then you will have time to get a 2nd, 4th, or 9th job so you can afford the $10 a gallon of milk.

Miska Bow

Miska Bow

Krytan Explorer

Join Date: Jan 2008

somewhere, Grinding some l33t titles

Order of the Divine WoodChuck

R/

26 Jun 2008 at 19:38 - 61
idont have a farming sin

Guess i stuck with powdered milk.

tuna-fish_sushi

tuna-fish_sushi

Desert Nomad

Join Date: Dec 2005

California

E/A

26 Jun 2008 at 19:38 - 62
Quote:
Originally Posted by Miska Bow
It may seems off topic but, how is all of this ever gonna affect the price of milk for my little 2 years old?
You will begin spending more time on Guildwars because of the oppurtunity to get easy ectos, Thus you will spend less time at your job which could be milk producer and thus the whole milking company will go into recession because of there are not enough milk bottlers and the price of milk will go up.

or you will forget to feed your cows, who will then die and not produce milk...

Some people have yet to realize Guildwars is just a game....

placebo overdose

Wilds Pathfinder

Join Date: Jan 2007

N/

26 Jun 2008 at 19:40 - 63
im not reading this whole thread because it is mind numbingly dumb at some points on both sides but a drop in ecto value doesnt matter for the sf farmers who can get so many that they are still making a lot of money a run however, for normal farmers or people who have invested in ectos that much of a drop kills there collective gold and keeps them low without them making a sin

AOD_EaSyKiLL

Frost Gate Guardian

Join Date: Nov 2006

Angels of Death

Mo/

26 Jun 2008 at 19:45 - 64
Quote:
Originally Posted by Jiao Yang
Regardless of all this arguing, if SF/Choas plains was nerfed, it would restore the price of ectos as people would take advantage of low prices and buy large amounts from the trader, raising the price again...
Which would be nice for some people
That is wishful thinking/speculation at this point in time.

The most likely thing to happen if SF gets nerfed:

1. People will now go A/Me, since they have more experience in the run now, and thus the build wont be as hard.

2. The run will double in time as people wait for SF to recharge.

3. People will go to the Terra tank to farm Chaos Plains.

If the true reason for Ecto price decline is just because of overfarming, there will be no revival with a SF nerf.

If the true reason for Ecto price decline is just speculation, then it will definately have an effect.

Either way, the thing that should happen is: people should move thier money into a commodity that cant be speculated, like Lockpicks or Z-Keys. If many people are already doing this, or if more people decide to do this rather than Ecto, then nerf or not, ectos will never return to its original price. If you dont believe this, got to TOA count the number of WTS/WTB ecto, then go to GTOB and count the number of WTB/WTS Z keys. You will see they are the exact opposite of each other. I will also go so far to add that, from what I have seen lately, there seems to be a lot more WTB Lockpicks and very few WTS lockpicks.

Also, anyone buying Z-Keys reularly, will have noticed the price has gone up on the majority of the WTS spammers by as much as Ecto has gone done.

Just as a side note, someone wondered how much ecto sold/bought from a trader will change the price? Ive never had the money or the ecto to test it, but I do remember last year when I bought my Kurz Elite, I got all my amber from the trader. The first 20 or so was all same price. Then it started jumping. By the time I finished, it was nearly 200 gold higher per chunk than when I started. How its figured is anyones guess, but I bet the numbers moving through the trader to change price are surpisingly low. I bet ~1000 ecto can change the trader price in large amounts very quickly, which divided over all the GW population, is not much.

kostolomac

kostolomac

Jungle Guide

Join Date: Apr 2008

Serbia

Me/

26 Jun 2008 at 19:47 - 65
They should make every class able to farm chaos plains with perma SF easily. I'm getting bored of seeing only A/E in ToA.
/end sarcasm

Puddin Cheeks

Puddin Cheeks

Wilds Pathfinder

Join Date: Aug 2006

On Welfare

Jelly of the Month [Club]

26 Jun 2008 at 19:48 - 66
The "hysteria" effect is dead on with this whole fiasco.

The chain reaction begins when a few people convince others that there is a problem and then some people people convice others until it grows exponentially out of proportions.

This is true in real life as well. Look at how riots begin and accelerate into large scale "hysteria". The larger a crowd grows the larger the stupidity factor grows with it. You have the same effect with all of the people who are panicking and selling to the trader and just making the problem worse. It seems that more people would be smarter than to just sell hordes of ectos to the trader, but they have no clue because, "I was just doing what everyone else was doing."

So all of you sheep, just keep selling them to the trader until you have none. When the price comes back up because 70 percent of them are sold to the trader you can get back on here and write threads saying "OMG SF made me sell all of my ectos to the trader cheap and now I don't have any left and they went back up in price." Almost certainly it will be A-nets fault again, but in reality it is because you were stupid sheep in a big riot.

Targren

Desert Nomad

Join Date: Aug 2007

Primeval Warlords[wuw]

R/

26 Jun 2008 at 19:52 - 67
Quote:
Originally Posted by placebo overdose
im not reading this whole thread because it is mind numbingly dumb at some points on both sides but a drop in ecto value doesnt matter for the sf farmers who can get so many that they are still making a lot of money a run however, for normal farmers or people who have invested in ectos that much of a drop kills there collective gold and keeps them low without them making a sin
Reader's Digest condensed (and not grammatically abominable) version:

"I can't be bothered to read this thread, so I'm just going to put in the same argument that's been made and countered <INTEGER OVERFLOW> times before."

Yuri Strongbow

Academy Page

Join Date: May 2005

26 Jun 2008 at 19:57 - 68
The simplest solution to fix this whole problem has nothing to do with SF or the farm. Simply remove the Rare Material Trader from the game. Eliminate the benchmark and within 2 weeks everyone will be buying and selling ecto for 4.5-5k each.

Yuri

Lest121

Lest121

Wilds Pathfinder

Join Date: Apr 2007

Army of Darkness

A/Mo

26 Jun 2008 at 20:00 - 69
SF is great for the Game end of story, Lower prices in the Loot Scaling Era is a Win, win for all.

Gibz

Ascalonian Squire

Join Date: Jun 2008

P/W

26 Jun 2008 at 20:02 - 70
Quote:
Originally Posted by Chthon
I'm tired of seeing a dozen new
Quote:
Originally Posted by Chthon
SF
Quote:
Originally Posted by Chthon
threads pop up almost every day.
this thread included

Targren

Desert Nomad

Join Date: Aug 2007

Primeval Warlords[wuw]

R/

26 Jun 2008 at 20:03 - 71
Quote:
Originally Posted by Yuri Strongbow
The simplest solution to fix this whole problem has nothing to do with SF or the farm. Simply remove the Rare Material Trader from the game. Eliminate the benchmark and within 2 weeks everyone will be buying and selling ecto for 4.5-5k each.

Yuri
Might be better to just remove ectos from the Rare Mat trader than nuke him altogether... There are still non-high-enders who might want their 1.5k armor and need non-deld steel or something that most people don't "save up"

{IceFire}

{IceFire}

Forge Runner

Join Date: Oct 2005

W/

26 Jun 2008 at 20:05 - 72
Quote:
Originally Posted by Chthon
1. Ecto prices drop. 2. ???? 3. "Oh noez, teh economy is ruined!"
I think the correct progression would be 1. Ecto prices drop. 2. ??? 3. PROFIT!!!


Secondly, rich ass no-lifers will bawww because their gold stored into ectos is now lost because ectos themselves lost price (5 ectos in storage are now worth 15k @ 3k ea instead of 50k back in the day). But this would require me to give a red engine about rich people in gw.

That is all.

It's A Me

It's A Me

Academy Page

Join Date: Jan 2008

N/

26 Jun 2008 at 20:05 - 73
Quote:
Originally Posted by romeus petrus
Clearly not a valid discussion. SF made it rediculously easy for anyone with half a brain to make a stack of ectos in a matter of hours. There is no build out there atm that made ectos farming so efficient. That means we have loads and loads of ectos farmed every day and poured into the economy.

If we discover a way to turn sea water into Oil efficiently and for cheap, we wouldnt be paying $4.50/galon for gas. Basic supply and demand.

/close please
LOL ok. so the ele build i, and many others, were using to farm the chaos planes BEFORE there was even a HINT of an sf update obviously meant no one was doing it. The A/Me build also didnt need much thinking and there were many ppl allready running it.

aB-

aB-

Wilds Pathfinder

Join Date: Jun 2005

26 Jun 2008 at 20:09 - 74
Quote:
Originally Posted by Gibz
this thread included
Don't like it, don't read it.

kerpall

kerpall

Wilds Pathfinder

Join Date: Mar 2007

I live in an Igloo in southern BC, neer US border.

The Pig Pen [PIGZ] & We Aint All [NロロB]

Mo/D

26 Jun 2008 at 20:19 - 75
Somebody close this BS...

O.o, it wasn't the SF update that dropped ecto rates, it was the angry Ecto-Gods that did...

EDIT: I would also like to blame PvX wiki for giving this build to all the cookie cutter noobs.

Black Strobe

Ascalonian Squire

Join Date: Sep 2006

26 Jun 2008 at 20:27 - 76
Quote:
Originally Posted by Sniper22
Retake high school economics and close this thread.
100% ACK.


Sidenote: SF makes farming way to easy. There was a reason why they changed Protective Bond back in 2005.

lorph

Academy Page

Join Date: Oct 2005

26 Jun 2008 at 20:28 - 77
Another misinformed poster QQing about his a/e.
Please close this QQ thread.

Quote:
Originally Posted by Chthon
SF/Chaos Plains Farm Is NOT Causing the Drop in Ecto Prices.
Hysteria about SF/Chaos Plains Farm Is Causing the Drop in Ecto prices.
Where's your proof? You don't give any proof why we should believe you over the opposite claim. Its true that people are panicking, but that's because people started farming with the imbalanced shadowsin.

I think its safe to say that with all the people spamming WTS and not (WTB) Ecto in ToA, that there is too much supply, and therefore the prices are dropping.

The only people that could know the truth would be arena.net.

Quote:
Originally Posted by Chthon
2. A Drop in Ecto Prices Is NOT Bad for the Economy.

Even if SF was behind the drop in ecto prices, it wouldn't matter because a drop in ecto prices is not bad for the economy.

The ecto price affects only ectos; nothing else will be affected.
Inflation of a currency is always bad. It cheapens the work that others did before, until no one wants to trade. See the US right now. Nintendo is selling less Wii's to the US because they don't get inflated US dollars.

Replace US with guildwars, dollars with ecto, and Nintendo with guildwars players, and you have the current situation.

What if one day, the government decided that its old currency would lose half its value, and everyone would now be paid twice as much? I think you would be pretty pissed, and might want to move to a different country.



Quote:
Originally Posted by Chthon
The Rationales for WHY a Low Ecto Price Is Bad for the Economy Are Faulty.
1. "A low ecto price is bad for the economy because it means my stacks of ecto are worth less."

Well, that's certainly bad for you, but you are not the economy. Someone else is gaining as much relative buyer power as you are losing, so the net effect for the economy is a wash. If anything, it's actually good for the economy because it might motivate you to become more productive in order to reestablish your relative buying power.
Everyone is part of the economy. Unlike the real world, people can just quit playing guild wars, and they never have to "become more productive in order to reestablish your relative buying power".

Why should they feel an incentive to sell more stuff if anet is going to make the money they get in return useless?

The loss of a stable currency for trades above 100k means that you will see less items being sold. During this ecto drop, I've seen less people selling 100k+ items because they don't want devalued ectos in return. I am willing to bet that 90% of people in this forum have bought an item worth more than 100k.

Great Scoot

Great Scoot

Academy Page

Join Date: Jan 2006

Chicago

Mirror of Reason [SNOW]

R/E

26 Jun 2008 at 20:31 - 78
Quote:
Originally Posted by romeus petrus
Clearly not a valid discussion. SF made it rediculously easy for anyone with half a brain to make a stack of ectos in a matter of hours. There is no build out there atm that made ectos farming so efficient. That means we have loads and loads of ectos farmed every day and poured into the economy.

If we discover a way to turn sea water into Oil efficiently and for cheap, we wouldnt be paying $4.50/galon for gas. Basic supply and demand.

/close please
/close so perfectly said

-scott

Targren

Desert Nomad

Join Date: Aug 2007

Primeval Warlords[wuw]

R/

26 Jun 2008 at 20:41 - 79
Quote:
Originally Posted by lorph
Another misinformed poster QQing about his a/e.
Please close this QQ thread.


Inflation of a currency is always bad. It cheapens the work that others did before, until no one wants to trade. See the US right now. Nintendo is selling less Wii's to the US because they don't get inflated US dollars.

Replace US with guildwars, dollars with ecto, and Nintendo with guildwars players, and you have the current situation.
There's your mistake. As has been stated before, if you want the GW equivalent to US Dollars, you need to replace dollars with "gold" not "ecto." The closest RL equivalent to ecto in the US is probably "oil."

I Conjure Ho I

Frost Gate Guardian

Join Date: Nov 2007

United States

Mo/A

26 Jun 2008 at 20:42 - 80
Just close this already, no1 shud really care, zkey sshud now b used, lesson learned.