1. GoddessLaverna Builder
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    What I think:
    My idea is that horse spawn eggs could drop down to $5,000 per.

    My argument:
    The price of horse spawn eggs is completely determined by the users. SolaceDevotio told me that she had bought a horse egg for 65k at one point. This was when horses were first being introduced. That proves my assumption that the spawn eggs are worth what the user will pay. But that is obvious to almost everyone. So how could horse eggs possibly drop to $5,000 a piece? If no one bought horse eggs for 15k+, then they could drop down in price drastically. Only buy horse eggs at $5,000 for a period of time and they will become worth that much. However, this a team effort. It obviously won't work if everyone continues wasting their money.
    Also, the idea that just by voting you can get 15k is absurd to me. Why? Because a builder can get SuperLucky and get 15k for res. That would lead MOST builders to quit the server because it is too easy. Imagine joining ecc and getting 15k for res that easily. ("Easily" I realize it isn't easy and that the chances are high. But if it did happen that could drive a user away.)

    Other arguments:
    The market will never be overflown with horse eggs.
    This was never my point. The idea is that users can set the price not that there will be so many horse eggs that the prices will drop.
    Prices will never drop that low.
    They will if no one buys horse eggs unless they are sold for $5,000.

    Post an argument below and I will tell you what I think.
     
    #1 GoddessLaverna, Jul 31, 2013
    Last edited: Jul 31, 2013
  2. Fleetfooter Builder
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    I'm trying to understand what the argument is here. You say eggs will drop in price to 5k a piece of people buy them for only that price. That's quite obvious, it is the same for every item.
     
  3. GoddessLaverna Builder
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    The main points are that users control the prices of horse eggs and they are too high. And I did say in the post that it is obvious that users control the pricing. But the fact that you can get 15k+ from voting is completely ludicrous. Voting is hardly even a burden. You go to six websites and do a few captchas per day. But just supporting the server can get you more than a few hours of work worth of ecodollars. I've gotten superlucky twice within a month. I got around 60k for both horse eggs I sold. That was A THIRD of my president cost. How does that make others feel that worked hard for their presidency?
     
  4. Matteymoo2 Builder
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    I agree with you goddess they are worth to much at the moment and it does take the challenge out of ECC for builders, although the price they are at currently does mean that horses are for people with money they should be lowered to allow people who cannot afford them and who have not been lucky on the voting system to get them.

    But one example of market fixing is what KvBillo tried to do with E-Repairs where he got maybe 3 quarters of the server to start charging 500 for a single e-repair but myself and many others refused to pay this and kept our stance at 200 which did stop it from being raised, now flip this so it is looking from the side off the seller who is watching the people want horse egg prices dropped some people will crack and still buy them for the high prices but it is also will the seller crack and sell for a lower price.

    Changing the price of an item on the market is hard to be done by the players alone although we are the ones dealing in it, it would be harder than one might think for this to happen, some players would go for it and others would not. but the ecc market and any market in the world works on simple supply and demand, the prices will go down as people get more and more of them which while the market will not become saturated the horse egg will become more common and drop in price, one example of this could be the Nstar which when first introduced I sold some for 1k each but look how they have dropped down to between 150 and 250.

    In conclusion the price of horse eggs will go down but trying to fix it would be un-effective, the market will do this its self over time, it might not be a rapid change but with the looks of how horse eggs have already dropped in price from what I paid to what it is now even if it does slow off then they will reach 5k soon enough
     
  5. GoddessLaverna Builder
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    Good points! I would respond by quote but that is huge!
    Changing the market would be extremely hard. Especially when there are people selling for a lot and they don't want to have to sell for less. Plus a lot of the money made on horse eggs is completely taken out of the economy whether it be from applications on the forum such as ranks, lottery tax, or money spent towards donation features. I guess this could be a very effective way of reducing the money in the economy. Right? Because so many people get money and blow it on things. Imagine having 30k+ from selling a horse egg and seeing lottery pop up. Heh. ;P
     
  6. rabidworm Super Waffle!
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    How to economy:
    1. be welikeike22 and rabidworm
    2. buy all the diamonds
    3. sell them for like 1/3 price.
    4. ???
    5. profit
     
  7. dork1877 Builder
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    Artificial price fixing in an economy rarely works. The idea of a the "invisible hand" is what controls prices. Things are worth what people pay for them.
    Trying to get a cabal of people together to attempt a price fixing scheme rarely works (erep good example) there will always be an outlier that throws a money wrench in to your plans.
    There will always be someone willing to pay more than others are willing to pay.

    Sent from my SCH-I535 using Tapatalk 4 Beta
     
  8. dork1877 Builder
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  9. WreckitRalphed The Wise Old Man
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    Then I would just buy for 6k to get above everyone, so will others, this will not work because 15k is what people are comfortable paying for the horse egg. The item is in demand at this time that is how the economy works. I could go make the same assumption about nether stars. They are 150 each to the server yet people are buying for double that price. It is how the economy works, if there is an item in demand the value increases you can't change the price of something without owning 80% of the item then being one of the only sellers. At that point, you could change the price. People who have horse eggs are not going to want to sell them for 5k when they can simply get 15k, there is nothing you can do to stop that until there is enough eggs on the server for everyone. Another point is that keeping them up at 15k is getting more builders to vote (I have no clue why you were saying that it was driving builders away...) if I was builder I would be voting every day trying to get that 1 break to get 15k and insta resident. It is almost like 1 ticketers in a way. All in all this idea will most likely fail, I am sorry.
     
  10. _TANSTAAFL EcoLegend
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    Ohmrskittykat pretty much said what I was going to say. I would be one of the people who breaks ranks, buys for 6k and then marks it up to 10 or 15k
     
  11. dork1877 Builder
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    ...because that is what people are willing to pay

    Sent from my SCH-I535 using Tapatalk 4 Beta
     
  12. GoddessLaverna Builder
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    Exactly. It would work if people would stop buying at so much. But that is very unlikely.

    @ohmrskittycat, I said that if you join the server and get the money required for the first rank by voting why would you want to continue playing. A lot of people quit after quickly getting a lot of money because it makes the server far too easy for them. I realize that people win money and continue to play but not everyone does. I had a builder friend who wanted 100k so he could get res and mayor and after a few hours of talking he won lottery. $97,000 ecc. The money came to him with hardly any effort and he thought the server was too easy and he quit.
    It may encourage builders to vote but most that win their residency funds through supporting the server by voting won't stick around very long. Would you like to play ecc if things came to you so easily? The struggle of working up funds is fun to most people. Thats why they chose the number one hardcore economy server. Its not hardcore if the money falls in your lap from voting.

    And as for what you said about having to own 80% of the horse eggs to control the market I don't agree. It could be achieved by many buyers. Selling to effect the pricing will ultimately just cost you or a group of sellers a lot of money. The idea IS supply/demand but I am not focusing on the supply side of it. If I was I would suggest buying out the market and setting a new price. I am focusing on the demand side. If no one buys at 15k+, then the prices will have to drop to get people to buy. (The idea there is to lower the demand if that was unclear) But I now realize on a large scale such as the economy of this server the chances of this actually working are slim. If everyone on the server wanted to buy cheap horses they would work together to lower pricing. There will always be that one person who wants to buy for higher to get the eggs. That is the problem here.

    Hope this made sense. I can hardly focus because its so loud here.
     
    #12 GoddessLaverna, Aug 2, 2013
    Last edited: Aug 2, 2013
  13. dork1877 Builder
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    Turn down the awesome!

    Sent from my SCH-I535 using Tapatalk 4 Beta
     
  14. WreckitRalphed The Wise Old Man
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    GoddessLaverna I get everything you are saying and it just does not make sense... Ok if your builder friend won all that money in lotto I find it unlikely that he just "quit" the server. If money came to easy for me then I would be buying donation features and still enjoy the game. It is not every lotto that a builder wins, or voting for that matter.
     
  15. GoddessLaverna Builder
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    OhMrsKittyKat, you said "its not every lotto that a builder wins, or voting for that matter." That is not the point. The point is that is is possible and could happen. The idea here is that if money comes too easily when you join, then you will think the server is far from difficult. Imagine starting the server and winning $100,000 on lottery. You may not realize how hard it is to come by that kind of money as a builder. Obviously you, a seasoned player, would know what to do with that much money. Such as investing it in donation features. But how many builders know that you can trade in game money for donation features? A lot of people don't know that. And how many people listen to builders advertising that they are buying donation features?
    You also said, "Ok if your builder friend won all that money in lotto I find it unlikely that he just 'quit' the server." He did just quit and that was because he thought it was too easy. If things fall into you lap it takes the fun out of playing. Have you ever cheated on another game? It makes it boring because it is too easy. The things come to you so easily such as money from lottery or voting.

    Once again its hard to focus while people are talking to me in real life. Can't quite get my message across the way I would want.
     
  16. WreckitRalphed The Wise Old Man
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    Builders have won multiple thousands of dollars... it happens, and to be honest I don't care if a builder quits, I see it as that builder is taking all that money out of the economy for us. Also builders would normally just throw it back into lotto or just buy resident and mayor. I am sorry your friend quit but he is not to bright he could have used that money more wisely then just quitting the server. If things fell into my lap easily I would be quit happy, people sell donations for money to just fall into their hands, so no I do not think people would normally just quit. Yes I have cheated in games like grand theft auto I think that it saves time and I get just as much enjoyment out of the game without spending hours playing it when I could be doing something else.
     
  17. RyanBlocks2 EcoLeader
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    Unless you are in a position to purchase almost every horse egg on the
    Server and sell them cheap with great financial loss for yourself this woul be near impossible.
     
  18. Enegek tbone199205 in the house
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    I don't see builders quitting very often over the fact that they have too much money. Any person who would be of value to this server would stick around and see what all the server has to offer regardless of how much money they have. We have several sources of information on the website and wiki that clearly explains a vast amount of uses for the money. Asking in chat will also lead the builder to information on what they can spend the money. Losing new players over something like this is trivial, seeing as we gain many new users every day already.

    Here's another thing to consider. This is an economy server. Economies are supposed to be player driven, which makes your suggestion kind of anti-economy. Horse eggs are still fairly rare, although as more time passes their rarity will drop, so just be patient for the price drop.

    High Demand + Low Stock = High Prices : Low Demand + High Stock = Low Prices
     
  19. Mayor ⛰️⛰️ Ex-President ⚒️⚒️

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    if ya'll ever played an economy at all, everyone who gets a hold of a horse egg would have syndicated together, they would still be close to what they were when horse update hit ECC, problem that i've seen many and many times is everyone undercuts everyone until an item is close to dime-a-dozen.