To change things anet has to nerf things.
Edit fixed the impact size
GW "Economy Bailout" Idea.
fb2000
A single kanaxai trade would do around 10 times more to the price of the ecto/amount of ectos outside the trader than all you guys buying ectos like theres no tomorrow.
To change things anet has to nerf things.
Edit fixed the impact size
To change things anet has to nerf things.
Edit fixed the impact size
Shadowmoon
This is either one of two things
1. A ploy to make people buy ecto in hope for this "bail out" to make big profit, temporarily increasing ect price
2. Alot of bored rich people who want screw with things for shits and giggles, which would lead to a temporary price increase.
Either way, this will do nothing in the long term.
1. A ploy to make people buy ecto in hope for this "bail out" to make big profit, temporarily increasing ect price
2. Alot of bored rich people who want screw with things for shits and giggles, which would lead to a temporary price increase.
Either way, this will do nothing in the long term.
Ctb
You can't stimulate an economy that has an infinite money supply and infinite resources.
Furthermore, what you want to do is not a stimulus. You're trying to introduce artificial inflation, but with an infinite money supply, there's no way you can do that. Any amount of inflation you manage to introduce is just going to be erased over time by the same processes that deflated everything to begin with. For what you want to do, you'd have to constantly create an artificial shortage of the resources your trying to deflate, and I doubt you could do that without an awful lot of people helping. More than any one guild could do, for sure.
Finally, you're hoping there's no artificial floor on the price of ectos. If there is, the price of ectos could be the same at the trader at both 1 million and 10 million. If that's true, and the trader has 10 million ectos, you'd have to buy 9 million and 1 ectos before you saw any movement at all.
Furthermore, what you want to do is not a stimulus. You're trying to introduce artificial inflation, but with an infinite money supply, there's no way you can do that. Any amount of inflation you manage to introduce is just going to be erased over time by the same processes that deflated everything to begin with. For what you want to do, you'd have to constantly create an artificial shortage of the resources your trying to deflate, and I doubt you could do that without an awful lot of people helping. More than any one guild could do, for sure.
Finally, you're hoping there's no artificial floor on the price of ectos. If there is, the price of ectos could be the same at the trader at both 1 million and 10 million. If that's true, and the trader has 10 million ectos, you'd have to buy 9 million and 1 ectos before you saw any movement at all.
IlikeGW
This is a funny idea and you should do it for sure.
Don't expect much help from the rich PVEers, they love their fake money, they're like that fat guy on the South Park WoW episode. PvPers however would probably help a lot.
Don't expect much help from the rich PVEers, they love their fake money, they're like that fat guy on the South Park WoW episode. PvPers however would probably help a lot.
therangereminem
i was luaghing ith poeple about closing down uw and fow for 1 month , and watchthe ecto go up but with it closed i dont think that ould even help it , why not use black dyes like we use to for trades
carnage-runner
Get a few billion gold.. Stimulous packages are sums of money that are large...
Rocky Raccoon
Why don't we all just trash all of the ectos we have and start over. I will do it with mine (all 1 of them) if everyone else does.
Trelliz
Quote:
|
Originally Posted by foo
There is nothing wrong with the economy. Ecto price is dropping as UW is easier and less people are crafting new armor.
|
Supply is simply outweighing demand. It could be interpreted that the whole situation is rather ironically mirroring what's going on in RL...
BenjZee
Im not sayin the economy is in a bad state in the game. THen again this would be funny. It's probably been suggested before to manipulate ecto prices but i would like to see this. With that money of yours and if you are able to change it then you with your control could make millions more 
Sweet Mystery
Yeah buy ectos and force price up... how will that fix things that are naffed anyway? Or will you buy low and sell high to crash the market some more?
fb2000
buying ectos low and then selling the same at a higher price wont change anything you know
Lonesamurai
Quote:
|
Originally Posted by fb2000
buying ectos low and then selling the same at a higher price wont change anything you know
|
BenjZee
The price will go back to normal in time though so lol it would be an aweosme stunt
MisterT69
Quote:
|
Originally Posted by SmithyBen
The price will go back to normal in time though so lol it would be an aweosme stunt
|
byteme!
Why would anyone want to raise the price of ectos anyways? Why does it even matter? How is the "economy" of GW bad? We're not suffering from recession. Prices are reasonable in a sense casual players can purchase the majority of the things they need without breaking the bank. Money is flowing and moving. The economy is fine. When people "stop spending" because they can't afford to, then we may have a problem but until then try not to break what isn't broken please.
P.S Besides OP doesn't have anywhere near enough assets to even consider making a dent anyways. With 9mil you're gonna artificially raise the price for what? A day? 2 days? Good luck on that.
P.S Besides OP doesn't have anywhere near enough assets to even consider making a dent anyways. With 9mil you're gonna artificially raise the price for what? A day? 2 days? Good luck on that.
draxynnic
You know, if we're going to make analogies between the GW economy and the real-world economy...
In real-world terms, what is the effect of decreasing prices of ecto (and other items)? It's reducing the gap between the rich and the poor. If the prices of everything are falling, than in real terms the 'rich' aren't actually getting poorer except in terms of absolute gold amounts - their purchasing power is about the same even if they can no longer say that their hoard is equivalent to so many billion gold pieces. Meanwhile, with every drop in prices, the purchasing power of the 'poor' increases.
In a real-world economy, a reduction in the gap between rich and poor would be a good thing.
Now, I can understand the argument that the game needs something to work for, and that a larger gap means a more satisfying target. On the other hand, however, for someone starting playing now, they won't get the (nearly) four years of acquisition that the veteran players of today have had before GW2 comes out - so a lowering of the bar in terms of time spent could be seen as being balanced by a raising of the bar through shortening the period in which that time CAN be spent.
In real-world terms, what is the effect of decreasing prices of ecto (and other items)? It's reducing the gap between the rich and the poor. If the prices of everything are falling, than in real terms the 'rich' aren't actually getting poorer except in terms of absolute gold amounts - their purchasing power is about the same even if they can no longer say that their hoard is equivalent to so many billion gold pieces. Meanwhile, with every drop in prices, the purchasing power of the 'poor' increases.
In a real-world economy, a reduction in the gap between rich and poor would be a good thing.
Now, I can understand the argument that the game needs something to work for, and that a larger gap means a more satisfying target. On the other hand, however, for someone starting playing now, they won't get the (nearly) four years of acquisition that the veteran players of today have had before GW2 comes out - so a lowering of the bar in terms of time spent could be seen as being balanced by a raising of the bar through shortening the period in which that time CAN be spent.
King Jay
Haha haha haha haha haha haha haha
Not that I am done crying. Q.Q
In the game you have access to
-Unlimited Resources
-Unlimited Money
-Unlimited Supply
On this really all boils down to the price of Ectos.
If you want the price of the Ecto to go up. 3 words.
Nerf Shadow Form. (Even though nerfing this skill without killing it and making is still useful is practically impossible - Better off with completely taking it out of the game)
The availability of such an OP skill (Spells fail against you. All attacks against you miss. - It is OP) makes "Elite Areas" a joke.
I like to call it the UWSC.
Both PUGs and Guilds do it.
Making Ectos more easily available.
Go to Screenshot Threads and check some of the pics out and you will see why.
Not that I am done crying. Q.Q
In the game you have access to
-Unlimited Resources
-Unlimited Money
-Unlimited Supply
On this really all boils down to the price of Ectos.
If you want the price of the Ecto to go up. 3 words.
Nerf Shadow Form. (Even though nerfing this skill without killing it and making is still useful is practically impossible - Better off with completely taking it out of the game)
The availability of such an OP skill (Spells fail against you. All attacks against you miss. - It is OP) makes "Elite Areas" a joke.
I like to call it the UWSC.
Both PUGs and Guilds do it.
Making Ectos more easily available.
Go to Screenshot Threads and check some of the pics out and you will see why.
Zanagi Kazuhiko
Like most people said...theres only gonna be a spike in prices...then they're gonna drop again because of over farming and you can't do anything about that. Well since your quiting...it wouldn't matter to have fun lol. 
Coraline Jones
From what I can tell, this is yet-another topic about how the rich are trying to get richer. I.e., the things that we farm heavily are rapidly dropping in price, so please artifically prop up all the trader prices so I can make more money again.
Guild Wars is the only game that I know where people intentionally farm for items that hardly anybody uses... They just pass it around as markers for money. The number of people that want to forge Obsidian Armor and Chaos Gloves are dropping every day, because the rest of the public knows that it doesn't prove that you have a lot of skill, just that you have a lot of money to squander.
As for the OP's post... I find it ironic that somebody would actually use the term "bailout" when most people actually view it as a negative term. The current public attitude is that the bailout is just rewarding the people that deserve it the least. I.e., the massive corporations that helped screw up the economy in the first place. Which in some ways, is exactly what a so-called Guild Wars bailout would help the most: The people that need the least amount of help, as they are just hoping their stockpiles of ectos will shoot up in value instantly and then they can flip it for a profit. Just like those sub-prime loans.
Guild Wars is the only game that I know where people intentionally farm for items that hardly anybody uses... They just pass it around as markers for money. The number of people that want to forge Obsidian Armor and Chaos Gloves are dropping every day, because the rest of the public knows that it doesn't prove that you have a lot of skill, just that you have a lot of money to squander.
As for the OP's post... I find it ironic that somebody would actually use the term "bailout" when most people actually view it as a negative term. The current public attitude is that the bailout is just rewarding the people that deserve it the least. I.e., the massive corporations that helped screw up the economy in the first place. Which in some ways, is exactly what a so-called Guild Wars bailout would help the most: The people that need the least amount of help, as they are just hoping their stockpiles of ectos will shoot up in value instantly and then they can flip it for a profit. Just like those sub-prime loans.
Puebert
I'm more interested in what nerfing Shadow Form would do.
AKB48
Good idea OP.....and now all we need is a GuildWars Obama and then Mission Accomplished
Master Ketsu
I think the only thing a GW bailout would accomplish is a virtual example of why bailouts in general are not a solution. You might manage to raise ecto prices by 1k or so if you got enough people, but it would quickly fall back a couple days later. Bailouts are a temp fix that do not solve the real problem.
And in this case, it isn't even a problem. the GW economy back in the day when perfect mods cost 20/30k and ectos were 8~11k was retarded. It was an economy that encouraged grind and basically forced the use of PvP characters. Anyone who thinks those were "the good ol' days" is both a total retard and a greedy farmscrub who doesn't have enough money IRL to pay for a WoW account where that kind of degenerate gameplay is encouraged. Uninstall nao pl0x.
And in this case, it isn't even a problem. the GW economy back in the day when perfect mods cost 20/30k and ectos were 8~11k was retarded. It was an economy that encouraged grind and basically forced the use of PvP characters. Anyone who thinks those were "the good ol' days" is both a total retard and a greedy farmscrub who doesn't have enough money IRL to pay for a WoW account where that kind of degenerate gameplay is encouraged. Uninstall nao pl0x.
kostolomac
GW economy is nothing like RL economy.
Stuff losing value in a game is logical because supply is unlimited and it can't be prevented.
Stuff losing value in a game is logical because supply is unlimited and it can't be prevented.
Dante the Warlord
The way I personally think we should do is lower the ecto rates so low that everyone goes and buys obby armor and then all the ectos are depleted and then everything stabilizes... Since crafting obsidian armor pretty much deletes the ectos and when they are worthless everyone should stop farming, stopping the incoming rate.
True this would mean everything would be in almost total chaos for a while, but with chaos comes order...
True this would mean everything would be in almost total chaos for a while, but with chaos comes order...
Chthon
1. What you're suggesting isn't a bailout. It's commodity hording.
2. What's wrong with a low ecto price? Who's hurt by it? Seems to me that it makes more people happier by making FoW armor and chaos gloves more attainable.
3. The comparison between GW and the real world is very, very flawed. Out in the real world, a bailout is being used (a) to combat stalled credit markets and unemployment, and (b) as a last resort now that everything that could be done with monetary policy has been tried and has proved insufficient. There's no such thing as unemployment in GW, and (even if we presume that low ecto prices are a problem) a-net has lots of other tools with which to affect ecto prices.
4. If we are going to do something to raise ecto prices (and I disagree that we need to), I'd strongly favor an additional ecto sink over price-fixing shenanigans. Two thoughts come to mind: First, let's give the Eternal Weaponsmith some weapons to craft. Let him make Storm Bows, Chaos Axes, Celestial Compasses, Voltaic Spears, etc. for a high, high price in ectos and other rare crafting materials. That should garner a wee bit stronger interest than Chaos Gloves did. Second, consumable crafter. Consumables get around the problem of limited demand by the people who already "have it all." If something of comparable usefulness as a Celerity needed an ecto to craft it, even the rich would continuously sink ectos to make them.
2. What's wrong with a low ecto price? Who's hurt by it? Seems to me that it makes more people happier by making FoW armor and chaos gloves more attainable.
3. The comparison between GW and the real world is very, very flawed. Out in the real world, a bailout is being used (a) to combat stalled credit markets and unemployment, and (b) as a last resort now that everything that could be done with monetary policy has been tried and has proved insufficient. There's no such thing as unemployment in GW, and (even if we presume that low ecto prices are a problem) a-net has lots of other tools with which to affect ecto prices.
4. If we are going to do something to raise ecto prices (and I disagree that we need to), I'd strongly favor an additional ecto sink over price-fixing shenanigans. Two thoughts come to mind: First, let's give the Eternal Weaponsmith some weapons to craft. Let him make Storm Bows, Chaos Axes, Celestial Compasses, Voltaic Spears, etc. for a high, high price in ectos and other rare crafting materials. That should garner a wee bit stronger interest than Chaos Gloves did. Second, consumable crafter. Consumables get around the problem of limited demand by the people who already "have it all." If something of comparable usefulness as a Celerity needed an ecto to craft it, even the rich would continuously sink ectos to make them.
daraaksii
For my last fow armor I had to buy the obsidians from the trader.
67 shards bought and it's price went up by 200 gp. /duncare if you don't believe it.
Tell me when this ecto party happens, I'll be there.
~daraaksii
67 shards bought and it's price went up by 200 gp. /duncare if you don't believe it.
Tell me when this ecto party happens, I'll be there.
~daraaksii
Yawgmoth
bailout by buying mass ectos from trader will mean the money will go to:
1. pure gold sink (trader profit)
2. money directly to the farmers - they will be able to sell to trader for more for a short time.
In effect ecto prices will rise temporarily.
Want to use that gold better? Do a real bailout - buy the ectos directly from the farmers! Pay them as much as they want! Buying out all ectos in active circulation will drive the prices higher than using the same amount of gold on the trader.
1. pure gold sink (trader profit)
2. money directly to the farmers - they will be able to sell to trader for more for a short time.
In effect ecto prices will rise temporarily.
Want to use that gold better? Do a real bailout - buy the ectos directly from the farmers! Pay them as much as they want! Buying out all ectos in active circulation will drive the prices higher than using the same amount of gold on the trader.
Martin Alvito
Classic collective action problem. I will be happy to free ride.
It's a supply problem at the end of the day. Too many ectos + time price = people with high time price merch ecto rather than sell on open market.
If you raise the price by buying, those people will be MORE incentivized to sell than they presently are, and they will undo your efforts.
It's a supply problem at the end of the day. Too many ectos + time price = people with high time price merch ecto rather than sell on open market.
If you raise the price by buying, those people will be MORE incentivized to sell than they presently are, and they will undo your efforts.
DragonRogue
This idea is SERIOUSLY bad. Buying up all the ectos from the traders would increase the price of them from the traders. However, this would only be a temporary result as many would sell ectos back to the trader at the higher rates dropping the prices again. So this idea would have no lasting results but many would make a killing off the higher trade in prices. So therefor they would sell high, and turn around and buy low once the prices started to drop again. This would be worse for the economy than ever.
The only way to get ecto prices back up is to seriously cut the farming of them, and introduce yet another ecto sink where they would be back in demand.
So many of you really need to take an Economics class. Even 101.
The only way to get ecto prices back up is to seriously cut the farming of them, and introduce yet another ecto sink where they would be back in demand.
So many of you really need to take an Economics class. Even 101.
Esprit
Instead of a bailout, you should have more fun with your gold. Pick one of the common materials and buy buy buy! Inflate the price of, let's say, Iron, to a much higher price.
T1Cybernetic
No matter what happens and which ever material gets inflated, many people will sell sell sell and make a virtual small fortune by the looks of things
/Subscribed, just to see what happens...
"EDIT" __________________
Posted too late
/Subscribed, just to see what happens...
"EDIT" __________________
Posted too late
Quote:
|
Originally Posted by DragonRogue
This idea is SERIOUSLY bad. Buying up all the ectos from the traders would increase the price of them from the traders. However, this would only be a temporary result as many would sell ectos back to the trader at the higher rates dropping the prices again. So this idea would have no lasting results but many would make a killing off the higher trade in prices. So therefor they would sell high, and turn around and buy low once the prices started to drop again. This would be worse for the economy than ever.
The only way to get ecto prices back up is to seriously cut the farming of them, and introduce yet another ecto sink where they would be back in demand. So many of you really need to take an Economics class. Even 101. |
Ghostcell
like was said earlier, the traders don't have an unlimited amount of ecto.
the price may experience a short spike, but it won't last.
nice idea, but won't happen. when you look at how many people are in the game 9 mil is a very small amount for trying to make a decent change in the economy with something that has had a steady price for so long.
the price may experience a short spike, but it won't last.
nice idea, but won't happen. when you look at how many people are in the game 9 mil is a very small amount for trying to make a decent change in the economy with something that has had a steady price for so long.
fb2000
Quote:
|
Originally Posted by kostolomac
GW economy is nothing like RL economy.
Stuff losing value in a game is logical because supply is unlimited and it can't be prevented. |
kostolomac
Quote:
|
Originally Posted by fb2000
What makes you think its so much different than real-life economy? Ecto is like oil, no?
|
Also there are no "fees" in GW like water and electricity bills.
Again GW economy (if we can call it like that) is nothing like RL economy.
fb2000
its not THAT different when you look at the global image imo . might be just me
. might be just me
kostolomac
It's just you.
![[DE]](/static/static/../Img/avatar38220_14.gif){kind=avatar}
[DE]
The Russians are the real threat here.... not the economy.
byteme!
Quote:
|
Originally Posted by DragonRogue
This idea is SERIOUSLY bad. Buying up all the ectos from the traders would increase the price of them from the traders. However, this would only be a temporary result as many would sell ectos back to the trader at the higher rates dropping the prices again. So this idea would have no lasting results but many would make a killing off the higher trade in prices. So therefor they would sell high, and turn around and buy low once the prices started to drop again. This would be worse for the economy than ever.
|
So it would appear this "bailout" idea has been unanimously shot down as a bad idea. However if the OP wants to do it feel free to let me know when so I can cash in on some quick and easy profits.
Rich get richer and poor stay poor right? That's exactly what this "bailout" will do. Haven't heard from the OP lately.
w00t!
Quote:
|
Originally Posted by Chthon
1. What you're suggesting isn't a bailout. It's commodity hording.
2. What's wrong with a low ecto price? (snip) 3. The comparison between GW and the real world is very, very flawed. (snip) 4. If we are going to do something to raise ecto prices (and I disagree that we need to), I'd strongly favor an additional ecto sink over price-fixing shenanigans. (snip) |
Way back when I bought my Obby armor, it actually required a decent amount of work and an absurd amount of cash. Not it's by-and-large meaningless. Ecto, aside from Obby armor or Chaos gloves, has no intrinsic value, and is in limitless supply. So the whole notion of inflating the value of an item that has limitless supply and limited use seems somewhat silly.
I wholeheartedly agree that adding Gold Sinks is a fantastic idea. HoM and Chaos gloves are excellent recent examples of gold sinks. Providing items that offer no material benefit other than "bling factor" are an excellent way of removing wealth from an economy with limitless supply.
shoyon456
Thing is, a screwed up and imbalanced economy is going to happen in any dying game. GW is dying and anet is making a new game (supposedly) and not trying to salvage this one.
No matter what they decide to do, if anything, anet has already jumped ship and so should you.
No matter what they decide to do, if anything, anet has already jumped ship and so should you.