You can go to /warp blockshop and buy 256 glowstone blocks for $1024, or $4 each. The thing is, players regularly sell them to other players in the market and elsewhere for $4. The blockshop price is limiting the market rate, and if we were to increase the blockshop price, the player-to-player price would go up as well.

 

Sorry, I meant to say "for $4 or slightly under." Here is evidence that people are in fact buying them for both under and over $4.

Here are some buy-signs buying glowstone, proving that people are actually buying it at prices near $4.

Spoiler: Buy-signs buying glowstone

Here are some sell-signs, two with plenty of money in them (no, I didn't buy them myself and spend thousands of dollars just to make this point) and one with no inventory. As signs cannot be created with zero inventory, that proves that the last one has sold...well, at least one block.

Spoiler: Sell-signs that have sold glowstone

You have to keep in mind that the blockshop sells them in bulk, so people are also paying a premium price to buy just a few glowstone. If you only need 20 glowstone, it's cheaper to pay $100 to a player than $1024 at the block shop. Increasing the blockshop price will also increase the premium market rate for smaller quantities.

You're right, @kukelekuuk00, that glowstone isn't exactly rare or difficult to acquire, but the fact that people are buying glowstone for around $4 suggests that many players are actually willing to pay at least $4 per glowstone to avoid doing the work themselves to collect it. Just because you're not one of those people doesn't mean it's not happening.

If it so happens that the market rate really would have settled at $4 anyway, raising the blockshop price will only shift how many people buy direct from the blockshop vs other players. On the other hand, if the fact that people are currently buying and selling around $4 is because the blockshop is preventing anyone from taking the price any higher, raising the blockshop price would allow the market to find it's equilibrium point, or at least get closer.

 

@strongpelt your argument literally contradicts itself. You say it's fine because glowstone is easy to get, and then you say in the very next sentence that it's "tough enough" to get. What exactly is your point?

 

What does that mean? Do you think the price is too high and they should lower the price? Do you think there's not enough availability of glowstone?

Well you either need access to nether or excavation level 25...but I honestly don't see how this is relevant in any way whatsoever, or how it relates in any way to the previous sentence.