So I have to this idea after I read about a post where "Prices didn't match up to real life" rant/suggestion thing. I thought "well if out prices aren't based off of real life then why should our stocks" so this is why I thought "hey why not a in game stock market". Index : Section 1: Why should we have a in game stock market. Section 2: How will the stock market work. Section 3:What benefits would we get with your vision of a in game stock market/ Section 4:Who will run it. Section 5:Conclusion I believe we should have a in game stock market because when we "invest" in real life (IRL) stock markets IRL we influence the market and what the stocks are worth. If you buy X amount of stock at Joe schmoes business they get some of the profits of the stock to invest in their business. With that money they can go succeed and become a great business like those we see today or maybe Joe will failed and you will lose out. With our forum stock market we don't have a say on this, we are just putting or in game (IG) money in what we believe will do well/on current events. If we had a IG stock market we do have a say on this plus we can get rid of the limitations of forum stock markets ( No penny stocks, only american stocks, limited time frame, stock traiding etc.). The stock market will be based on the players, the players can choose which business they want to invest in and whether they want to make a official business and to list it on the IG stock market. I invision players gathering up information on what business they would like. Then set up an application post with funds they will be directly setting into it, what the value of the products they currently have (How many stems of x melon or how many diamonds have they dug up or how many loans they successfully done etc.) which then will be then evaluated by a game admin/staff and will be given a base value and how many shares the business will be allocated. The owner of the business then can sell whatever percent of the share he would like to try get some revenue to invest in other thing. Players then can buy, trade or sell their stocks to try make whatever profits they seem fit. I believe that if a player gets X% share of the buisness they get some say in it and at owning a majority of the stocks gets to take it over upon approval of the staff so that someone cant make a business and run away with stock profits. I believe the benefits of having said market would be that we can bypass the limitations of the stock forum stock market (IRL stock market). We can set up different stock market times so that it will speed up how fast stocks can be traded/for people that live in different time zones. We can allow penny stocks to be available if any show up so that people can play a gamble on wether the business will do well or not, we can do day and night traiding for quick profits or harsh losses. We can avoid the days when the market would be other wise closed due to a holiday, this means people can try make it rich or die trying for a change. Lastly we can invest our hard earned in game money in what we believe in and maybe make a profit off doing so. I believe some kind of code will have to be made that automatically runs it and avoids letting people abuse it to much, it is to big of a job for even a team of people to run. I think admins should run how the business will be listed and what the base value should be and check in to see if the business value is still true every so often and change the value if not. I think some base business should be made for instance a admin shop or lottery stock where it is based of how much use it has had/ what profits is has made compared to the last, these stocks should for at least the begging be like big company stocks which may/may not grow but a relatively safe not to crash. In the end the value should be influenced on how the business is doing and what concept/business owner they believe in. This is just a basses I purpose should be used but I am not a economics major and only know a bases on it, I just see people willing to try out IRL stocks with in game money so why not we broaden the community up for more people to learn and grow with. With this system it should seem more close to home to the players on why they should learn the ins and outs and maybe some people can do tips and tricks. Though their is some base flaws with stock markets in general like insider trading which should be punished as they come up. I hope I was clear in my ideas, While I was typing my computer decided to highlight letters and delete them when I tried to write/correct mistakes and then writ over them so I do apologize for any grammatical errors or any ideas that are written incorrectly.
I only have one question: why on Earth did you use colors instead of just writing a title before each section? lol Honestly, I kinda like this suggestion, though it might be burdensome to implement. (but please, change the layout, it hurts my eyes)
Personally, I think a forum stock market with the bank system fulfills this purpose. Seems like a lot more work than it's worth to implement one ingame.
Fine I did but it looks so bland now . The forum one is cool and all but you read my reason so I dont have to restate it. I never said it would be easy to implement it and I never said I knew how much code it would take it is just an idea I had.
I doubt this would work out. Anyone can go to the ads section, and post up a thread, and start up a "business." The problem with this is, that people do scam, and people do leave the server, because this isn't real life. I really can't see this happening, sorry, but it's a cool suggestion. -1
Economically, this just won't work. Stocks in general work because companies need money to do just about anything. That really isn't the case though, here. I can make money doing just about anything with very little cost. Loaning out money and flipping star tools are about the only methods of using money to make money. There's also casino hosting I suppose, I'll count that too. The catch with all that however is the handful of businesses that will try to seek capital using this will not be proven. Bigger and longer lasting ones, ones that simply already have or really don't need capital, won't list themselves, because why bother? They're just signing away a chunk of their business, and they won't do that if they don't need. This will make the market full of a lot of risky businesses that in all honesty, most likely aren't going to work out. Of course once you've got your companies listed, what happens then? Companies that do well will buy back their shares and eventually return to being privately held, companies that fail have effectively gotten free money. Especially when you're considering basic stuff like farming or mining to be businesses (meaning stock options would presumably be used to fund star tools), these stocks in all honesty seem to me like nothing more than glorified personal loans. The only businesses that realistically need money to make money are bank-like businesses. Which give loans, or flip star tools, or make other investments. Good banks either won't be listed (out of simply not wanting or needing to bother using this complicated system to accrue capital) or will have overpriced shares that make it expensive to invest in, and bad banks won't be worth the time it takes to invest in them. Neither of these businesses are going to quickly spike up, ever, simply because there's really not things that that will happen that make people go "hey, this will suddenly make a lot more money". Real Example: Say I use $100k and then sell 9 shares of an msword to get $1mil to buy it. I'm only personally making 10% (.2 per melon block broken). Once I can afford it though, it's much better for me to do one of two options: Option A would be buying back the shares from shareholders but this drives the price up and isn't economical for the business ($100k for 10% more income may be fine, but when the next is $125k because the business is 'doing well', gets expensive quick). Option B would be to liquidate and close the 'business', selling the sword and dividing the money among the shareholders. This leaves me to either create a new business with a larger initial share, or simply buy an msword completely on my own. Of course, you could bring in the issue of "well wouldn't shareholders get voting power preventing you from selling the sword", to which the answer is... maybe? Depending on the company's charter that could depend. Or we could have a generic charter that outlines voting rights. Either or. Even if shareholders could vote to 'overturn' option B they still couldn't force an option A... at least not the their benefit, because they can't force me to farm. When their passive income is 0, they'll likely just vote to liquidate the company to get some money back. Volume: Most of these points come back to volume in that stock markets such as the NYSE and Nasdaq do hundreds of billions, if not trillions of dollars in volume per day. An ECC equivalent would be lucky to do 1% of 1% of that.
Ignoring the fact that stock markets are literally impossible on such a small scale.. Stock markets are complicated. Most of the people on this server have zero idea about how the stock market works; I'm one of those people who don't know shit about stocks. All this will accomplish is that it will make ECC even more convoluted and complicated. ECC is already lacking simplicity, let's not make it worse.
The forum stock market is automated and uses real-time numbers from an actual stock simulator. This would have to be done entirely by hand by our staff and players and ain't nobody got time fo dat. Like Kuke said, a market on such a small scale like this just won't work out well. -1
