GW "Economy Bailout" Idea.

Dunno if this is in the wrong forum :P oh well but anyways...
Was reading through a couple posts, and came across a few comments about a economy bailout to raise ecto prices etc.

Seems like a pretty good idea and for kicks. So im wanting to actually try it. Ive talked to some friends in my guild and they think it would be fun since were quitting soon anyways to move onto the Darkfall Beta and etc, we have a boatload of money to burn, so why not.

Currently in total we have around 9.6 million (3 mill each I guess) were willing to put forth to try this.

So what im looking for now is for more people who have lots of cash to burn, who either dont care anymore or want to do it for kicks to try out this "Bail-out" idea. Could be interesting if it worked eh.

Im thinking were going to have to organize a date and a meeting place where we can all GWx2 our accs and start buying millions of ectos. Personally id want to try it a few weeks from now or maybe a month or two, let the prices decline some more first so when we do it, it would impact the market LOTS.

If your interested or want to discuss some more first let shoot.

I would join in since I quit, but all my money is in rare items so I have no ectoes.

There is nothing wrong with the economy. Ecto price is dropping as UW is easier and less people are crafting new armor. If people who have invested in ectos are angry about losing gold due to this, they should only be angry about themselves.

I think it will take much more than just a few millions to create a lasting effect on ecto value, but go ahead and try...


Also, ready this:
http://en.wikipedia.org/wiki/Cornering_the_market

interesting wiki :P but hey like i said weve got money too blow our goal here is not for it to work its just for kicks and a bonus if it did.

plenty wrong with the so called "gw economy"

I'd be interested in the results. I have no cash to throw around but I'd like to know just how much it could be affected.

If someone with less than 20 mil could affect market significantly, we would see it happen.

I always assumed that the best way to royally screw up a virtual economy would be to run a huge Ponzi scheme or a pyramid game. You don't need anywhere near the initial capital required to corner the market and the scam gains momentum until the inevitable collapse. It's quite unclear whether it would even be technically against the EULA other than the catch-all 'sole discretion' clause. In any case it would be a lot of fun as a social experiment should somebody feel like roleplaying an ecto futures broker

you forget also that the trader doesn't have an infinite amount of ecto. once they're gone they're gone, and then you'll have to sell them all back in order to get some in the market


EDIT: thanx snograt, i had both open and posted in the wrong one. lulz i am teh noob

No deleted posts here - are you maybe getting confused with this thread, Rak?

Like I said in the other thread, even quite a few people wouldn't affect it much. Prices are influenced heavily by player demand, and if you changed the price somehow you would have a lot of people selling ecto's the price would only rise temporarily, the problem right now is just more people UW farming, which isn't even a problem really, it was obviously bound to happen. You can't fight off the inevitable, I think you will only make some people richer (like the Ecto investors)

I see you want to do it for fun though, and honestly im kind of interested what kind of impact this would do.

The key in solving the GW economy is knowing that there is no economy. It's all hot air with no value whatsoever. Get over it and play, or find another game.

the bailout could work but eventually it would fall back to the way it was. if we really want to see a change we need to nerf the farming builds so the little pink globs aren't overfarmed.

Economy 101. There are sources from which new stuff springs into existence. There are also sinks that remove stuff from existence. What happens in between is the economy but ultimately it's all about sources and sinks.

If we denote the total rate of creation of an item i by C_i and the total rate of destruction of the same item by D_i then the accumulation of the item in the economy is simply A_i = C_i - D_i. Then the relative scarcity of item i in comparison to another item j can be expressed as S_ij = int_0^t A_j(t) / int_0^t A_i(t). What this means in layman's terms is that if ectos are getting cheaper then their accumulation rate is faster than that of gold (the 'value' of ecto is just a measure of the relative rarity between ecto and gold).

You suggest decreasing C_ecto as a way to combat its devaluement. However, there are three additional ways to accomplish the same thing, those being:

• increase D_ecto
• increase C_gold
• decrease D_gold

The four measures have the same effect on the value of ecto while causing different side effects. Instead of jumping the gun, I would expect a discussion on the relative merits of each approach before calling for action.

i thought it was funny to see the word "bailout" on here. Its just funny to see people stoop so low. In anycase, the problem nowadays isnt the price, its the demand. It all started when hard areas were becoming ever so easier to farm. Weapons and items that used to be worth a bundle are less, because the price dropped, more and more people were able to get their hands on them due to overfarming. Elemental Swords for example were a hot ticket item back in the day, a Req 9 Perfect was worth 100k + 20ecto is now worth barely 15k, why? Because everyone and their mom has one or more, its no longer a rare item. Im willing to bet you samething is gonna happened to Voltiac Spears, if it hasnt already. Gloom Shields, Demonic Aegis, Draconic Aegis, Amthyest Aegis have all gone down is price, because demand for them is low, people would much rather have a Tormented Shield. You take a look around and think about all that once was expensive is cheap, and you can only blame it on demand. Its low and no one wants it.

there are other reason besides just rareity you also have to factor in that the HOM did a lot to prices if we like it or not.

On topic this wont work. there are sooo many ectos out there that even if you could buy 3mil worth people would still have more then enough. yes there might be a small spike in the price at first but for the most part there just is no way. i for one know people who have stacks apon stacks of ectos just siting in there storage.

which makes me go back to what i am saying the ob armors ugly and so are the shiny pos chaos gloves why because everyone has them. i enjoy my other armor sets way more 1 because they look better and 2 because not very many people ware them. (dont get me wrong i could load up my heroes and a friend and go get my self a few sets of ob and chaos gloves but i dont want to because of what i just said)

Pity to those who are angry because the ectos they have been invested in are depreciated tremendously. I have already learnt to accept it a long time ago when I blew a huge amount buying rare skin weapons only to see it sold at 1/5 of the price I bought several weeks later.

Nooooo, dont blow your gold on ectos. Be charitable and give it to someone who is poor...
Give it to me!!!

on topic: I don't think that the economy in guildwars requires a bailout just yet, but I reckon that the amount raised won't make a lasting difference.

Seems kind of...
Well your spending gold to make more gold back on ectos that are sold.

PS: I'll gladly take your gold.

PPS: gimme gold!

Yeah! We need a bailout because stuff that used to be expensive is now cheap. Oh, what an economic disaster! Just think how much better the economy would be if you could still sell a two-function hand calculator for $500 (to the five people in the world who could afford one). I just don't see how the sellers can stay in business now that all the riff-raff can buy multi-function, programmable hand calculators for just a few bucks. Get the price back up to keep the merchants happy, and let the masses go back to using pencil and paper.

QFT

All this action would do is spike the prices up for a short amount of time and then get back down, the only thing that it would influence is people that are low on money and want to buy something in that period.

Anyone who thinks gw economy needs a bail out should study some economy and understand the concept of demand/supply. Just because people that hoarded ecto's for a long time have gotten a bit poorer now doesn't make me shed a single tear, it was to be expected. If you want ectos to be expensive again the only thing that would do that is making them less farmable.

a) was already attempted (Chaos gloves) as was proven to be insufficient, mostly because all ecto sinks have finite capacity per player.
b) would collapse other markets making it even less viable to trade at lowend (further decreasing mean time per sale needed to remain competitive with direct farming for gold)
c) Would mean that static gold sinks would be toned down, but that is irrelevant because rich players already got their 10k point titles and there is no gold sink beyond that, more casual players would rejoice, people who "did it hard way" would whine.