Since the perma build buff, many players had lost quite a lot of purchasing power after the sharp deflation of ectos value in the past 3 months.
In my personal opinion, there is really no such an item beside gold & platinum can be used as currency in GW. However, it's been limited to only 100 platinum max for each trade and 1000 platinum in storage. I'm not rich, so the limit works fine for me =)
for those rich players, maybe Anet can create a particular currency item, which is equal to 1000 platinum, just like 1 platinum = 1000 gold. and it wont be affect by the law of demand and supply. (no matter how many platinum trade per day, 1 platinum always worths 1000 gold, see my point?)
Hope it will provide satisfaction to the need of those hard gamers (spending too much time and effort in GW) and keep their interest and loyality with Anet product and service.
We need to keep those dedicated players in GW and there aren't so many.
Any input to my rough thought will be appreciated.
New currency item to replace ectos
holy gug
DanielSpiritkeeper
i believe its already been suggested in these forums...have you tried the Search button? anyways i kinda agree. maybe an npc that could sell stackable "coins" in increments of 5k, 10k, 25k, 50k, 100k, etc. Maybe it will it have a positive effect on the economy, maybe it won't. anyways its a good idea, but i highly doubt its a top priority on the devs and it probably won't be implemented into gw but maybe they will do some form of other currency in gw2.
Sir Baddock
I'd think Zaishen Keys are going to be the new currency.
DarkNecrid
i think they should change the bit storing on inventory and storage so that they can expand the maximum amount of money you can have to upwards of 3 million or more (50 million or higher if they go with a bigger bit storing character) on a single character, effectively making ectos worthless.
let's do that.
let's do that.
holy gug
if people believed Zaishen Keys is the new currency, they will start going after it and cause the price drop badly. We must find something that is not affected by the Law of Demand and Supply in order to make it work for currency.
Covah
Z keys are more stable due to the "grind" of 5k balth or RPs you need to get them. Its not like ecto where you could spend 20 minute and get 1 or 10.
DanielSpiritkeeper
Quote:
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Originally Posted by Covah
Z keys are more stable due to the "grind" of 5k balth or RPs you need to get them. Its not like ecto where you could spend 20 minute and get 1 or 10.
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Masseur
Not going to happen and not sure anyone cares about it except the really rich in the game. Keeping a limit on how much you can have is a good thing. Anet gets more actual money having another account bought for "storage characters" to hold more items/gold/armor/ectos/etc... You don't NEED more than 1mil in gold anyways. The ones that WANT it can pay for more accounts.
hooded player
We havehad such an item from the begining the only people that see it as an item of valuse are those of pre searing BLACK DYE its like 7.5k at the trade right now so just replace ectos with dye and problem solved
azizul1975
just use the lockpick as the stable currency...end of story.
holy gug
maybe im wrong. to the extent of my knowledge, gaming industry is very competitive. the profitability of a game no longer depends solely on the quality of the game. it's a combination of services, update & maintenance, feedback, etc. I believe it's worth the effort for Anet to keep the confidence and royality of the GW1 player while expanding it's market focus for more signups in GW2 if GW1 keep the good market review and feedback thru the end.
crazybanshee
Zkeys have a steady value of 5k, and since they're constantly being removed from circulation by people using them, their value will not tank like ectos did.
holy gug
I agree that Zkeys is fairly stable. But i just dont think it's as stable as gold =)
MisterT69
Let's just make everything worth 100k, makes GW a whole lot simpler. WTB Q7 max crystalline 100k! see, economy problem solved )
Voodoo Rage
Lockpicks are stable because they have a "hard" floor and ceiling at 750g and 1500g based on what the trader will buy or sell them for. No worries about your lockpicks ever becoming "worthless" unless they change how the merchant handles them (same goes for black dye).
rap13oy
I wanna say obsidian shards, but then again their price have a history of going up and down.
rap13oy
Quote:
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Originally Posted by MisterT69
Let's just make everything worth 100k, makes GW a whole lot simpler. WTB Q7 max crystalline 100k! see, economy problem solved )
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Snorph
I agree Zaishen Keys are prolly the most valiable in the game right now. Maybe anet should leave it that way?
Kanyatta
I posted this a few weeks ago, and the nay-sayers argument was "If they would implement this, why not just get rid of the trading cap?"
I personally still think it's a good idea as long as the cap still exists.
/signed... for my own idea technically
I personally still think it's a good idea as long as the cap still exists.
/signed... for my own idea technically
credit
All of the idiots bitching about the "economy" in Guild Wars is hilarious.
farmerfez
Use lockpicks because they cant shift in price
Kanyatta
Quote:
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Originally Posted by farmerfez
Use lockpicks because they cant shift in price
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Skye Marin
See, if everyone who had ectos as a trading commodity traded them in for a different commodity, then the price of ectos would drop to below 2k each. That's the tricky thing about ectos. They are highly prized because they are used as a commodity, not just a crafting material.
Konig Des Todes
Zkeys, Lockpicks, Black Dye, White Dye, a new item, all possible for a ecto replacement.
I say instead of just switching to one singular item to replace ecto, we switch to all possibilities, that way, when we do switch (maybe I should say if) then the price of whatever we switch to won't plummet due to people selling Ectos like crazy then buying whatever item we switch to like crazy.
If a new item is put in, I would have to say it should be sold from merchant, price of 100k, and the merchant will buy it back for 100k, so no money is lost, just like with selling tickets to the merchant/ticket seller, you buy for 15g, sell for 15g. And, of course, the item would need more then a use of "holding" money.
But then again, who really cares about the game "economy." Just hope for GW2's economy to be 1) a real economy and 2) taken care of by ANet.
Edit:
You said why it can work in your argument for why it can't work. They drop rate for dyes is rather low, even lower for Black Dyes, which makes them not really good for trying to farm, which in turn, makes them a good object to use for a replacement of Ecto, along with White Dyes. But, as I said above, just going to Black dye or White dye will only make those prices decrease as everyone will sell their ectos and then buy those dyes. Which is why multiple forms of item currency is needed.
@Ditto: The gemstones do work as a replacement, or I should say Armbraces do, for the very high end trades.
I say instead of just switching to one singular item to replace ecto, we switch to all possibilities, that way, when we do switch (maybe I should say if) then the price of whatever we switch to won't plummet due to people selling Ectos like crazy then buying whatever item we switch to like crazy.
If a new item is put in, I would have to say it should be sold from merchant, price of 100k, and the merchant will buy it back for 100k, so no money is lost, just like with selling tickets to the merchant/ticket seller, you buy for 15g, sell for 15g. And, of course, the item would need more then a use of "holding" money.
But then again, who really cares about the game "economy." Just hope for GW2's economy to be 1) a real economy and 2) taken care of by ANet.
Edit:
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Originally Posted by Songbringer
This doesn't work because you can just go out and farm something that you know drops black dye. Anything can. Ectos can only be dropped by certain things and you know they drop them. Since everything can drop black dyes the ability to sit and farm them is way slowwwwwww
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@Ditto: The gemstones do work as a replacement, or I should say Armbraces do, for the very high end trades.
Songbringer
Quote:
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Originally Posted by hooded player
We havehad such an item from the begining the only people that see it as an item of valuse are those of pre searing BLACK DYE its like 7.5k at the trade right now so just replace ectos with dye and problem solved
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This doesn't work because you can just go out and farm something that you know drops black dye. Anything can. Ectos can only be dropped by certain things and you know they drop them. Since everything can drop black dyes the ability to sit and farm them is way slowwwwwww
Ditto
The DoA gemstones could be another good source of currency.
Sjeng
I'd also suggest Z-keys @5k. Pretty stable price. I'm gonna use mine to get me some Tormented weapons for my HoM I think.
buckscrib
Quote:
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Originally Posted by MisterT69
Let's just make everything worth 100k, makes GW a whole lot simpler. WTB Q7 max crystalline 100k! see, economy problem solved )
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Kanyatta
Quote:
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Originally Posted by Sjeng
I'd also suggest Z-keys @5k. Pretty stable price. I'm gonna use mine to get me some Tormented weapons for my HoM I think.
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There's really no 100% stable commodity, unless something like OP's idea is implemented.
Sword Hammer Axe
This is a liberal market and a liberal market isn't stabile! Ectos are like gold in the real world: Can be used for a lot which raises the price, but if there's too much then the price lowers. It's that simple! I don't want any currency that can stay on it's value. It's not a realistic market!
credit
Quote:
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Originally Posted by Sword Hammer Axe
This is a liberal market and a liberal market isn't stabile! Ectos are like gold in the real world: Can be used for a lot which raises the price, but if there's too much then the price lowers. It's that simple! I don't want any currency that can stay on it's value. It's not a realistic market!
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R.Shayne
Forget about lock picks and completely forget about z-keys as currency. Just have ANET remove the failed attempt at imposing an artificial high on the price of items.
They had the 100,000 trade limit in place for 3 years now so no items would ever be priced out of range of the casual player. Well ANET this little attempt of yours to manipulate the price of rare items failed. Stop punishing your own customer and remove the trade limit so player don’t have to resort to something like z-keys to buy a Clockwork Scythe they always wanted.
Why can’t ANET just admit that they failed to achieve the goal of reducing the price of rare items using the gold trade limit?
They had the 100,000 trade limit in place for 3 years now so no items would ever be priced out of range of the casual player. Well ANET this little attempt of yours to manipulate the price of rare items failed. Stop punishing your own customer and remove the trade limit so player don’t have to resort to something like z-keys to buy a Clockwork Scythe they always wanted.
Why can’t ANET just admit that they failed to achieve the goal of reducing the price of rare items using the gold trade limit?
Div
Quote:
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Originally Posted by azizul1975
just use the lockpick as the stable currency...end of story.
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holy gug
Quote:
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Originally Posted by Sword Hammer Axe
This is a liberal market and a liberal market isn't stabile! Ectos are like gold in the real world: Can be used for a lot which raises the price, but if there's too much then the price lowers. It's that simple! I don't want any currency that can stay on it's value. It's not a realistic market!
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In the real world, a relative liberal market only exist in developed countries, whose currency is fairly stable in decades. so what happen to those countries whose currency like bunji jump in between hopes and fears? find out from history.
Jetdoc
Quote:
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Originally Posted by Voodoo Rage
Lockpicks are stable because they have a "hard" floor and ceiling at 750g and 1500g based on what the trader will buy or sell them for. No worries about your lockpicks ever becoming "worthless" unless they change how the merchant handles them (same goes for black dye).
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Let's say that we agree that the current "market price" for lockpicks is 1,250 gold.
The "floor" you describe that makes lockpicks a safer investment is 750 gold.
If lockpick prices went from 1,250 gold to 750 gold, that's the equivalent of a 40% decline in price.
Now, let's look at ectos. Before the "crash" ectos were trading at around 5K between players. To have a similar decline in value as the "guaranteed" lockpick value you describe above, ectos would be trading at around 3K. Right now, ectos are trading north of 3K, and people are freaking out.
So, lockpicks really don't add that much more "value protection" than ectos. Yes, there is a floor, but it isn't as beneficial as some would lead you to believe.
R.Shayne
Quote:
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Originally Posted by Jetdoc
I've heard this argument before, and it's actually a bit flawed. To explain...
Let's say that we agree that the current "market price" for lockpicks is 1,250 gold. The "floor" you describe that makes lockpicks a safer investment is 750 gold. If lockpick prices went from 1,250 gold to 750 gold, that's the equivalent of a 40% decline in price. |
I don't see the price every going lower then 1200 unless ANET lowers the price in these outpost.
romeus petrus
/notsigned
Ectos have been used as currency since the dawn of the game, to decide now that we are going to use something else is just plain dumb.
Ectos have been used as currency since the dawn of the game, to decide now that we are going to use something else is just plain dumb.
Jetdoc
Quote:
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Originally Posted by R.Shayne
I don't see the price every going lower then 1200 unless ANET lowers the price in these outpost.
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If demand for lockpicks goes down (which is definitely possible, given the lifecycle of GW), it's easy to see them sell for 1K a piece (or less). The only relevant "price protection" point is the floor of 750 gold, which isn't that comforting based on my analysis above. That floor only protects you from a massive devaluation (i.e. 50% or more) of the value of your alternative currency.
Kanyatta
Quote:
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Originally Posted by R.Shayne
The 1250 you are seeing is coming from people that buy lockpicks in Factions when there guild or alliance own a outpost. They can buy the lockpicks for 1200g and bring them to Kamadan and sell for 1250g. Benifits player and seller since the player does not have to purchase lockpicks at 1500g and the seller make a small sum of 50g - 25g per lock pick. There major profit comes from the number of picks they sell. I buy mine from them at 100k for 80 lockpicks.
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BRB, SWITCHING GUILDS
bhavv
Why not just sell items for 100k or less?