Denied [Suggestion] Economy Events

Obviously this won't in any way compete with star tools. Is the point to just boost the price floor for shops or for those without star tools?

1. Sandstone will rise from $0.20 to $0.36 each. Sandstone breaks instantly with eff5.

Magma is currently worth $1 a block; it also breaks instantly with eff5. Both are nearly as accessible options of money making. Doesn't create a non-traditional money making method.​

2. Bricks (assuming you meant brick, CLAY_BRICK 336:0) will rise from $0.25 to $0.45. Clay is only abundant in swamps, but even so is found only in patches. With an eff5 shovel clay blocks break instantly; fortune 3 is also needed to guarantee four clay balls per block; depth strider 3, aqua affinity, and respiration 3 aren't a must but would be very helpful. The clay balls must be smelted into bricks.

Again magma blocks would still be better, however for thew sake of argument I will provide another example. Glass is currently worth $0.20. Sand instantly breaks with an eff5 shovel. Fortune 3, depth strider 3, aqua affinity, and respiration 3 aren't needed. Sand is much more abundant and much easier to collect thanks to gravity. Sand is smelted into glass. While glass would be worth less than half of bricks, it is much more accessible and abundant. I don't see a new money making method being created here either.​

3. Green dye is worth $0.00; N/A.

With the current boost in the /worth of mob drops and the current price of exp, I don't see any opportunity for "market obsolete items" to compete in regards to income per hour or accessibility without an obscene boost to their /sell value.

 

Lol the funny thing is you are almost completely right but it's also why I'm against it. Firstly, the reason that you wrote for this suggestion was "to make the economy more dynamic." That must concern P2P transactions since that's what the economy is. You change something about the /sell feature then you will be changing how everyone chooses to do business.

Also think of the words that you're choosing carefully. "Raising revenue" for who? And "to encourage production" but of what? We could easily increase the price of cobblestone to $1 and that would raise A LOT of money as many would see it as a very profitable mode of production. People are then gonna spend the extra money that they've made on other stuff, by other players (i.e., player to player transactions) thus resulting in a general price inflation. In the short run we'll see a booming economy, "in the long run we are all dead" - JM Keynes.

MatPat has a great video of how bad inflation can ruin video-game economies which you can watch here. The solution to a more dynamic economy is to aim for a stable flow of circulating money, not just higher nominal incomes.

I think what we really need is something deflationary and also find ways to create new, productive industries like betting markets and PvP. It'd be really cool if someone could make some PvP tournament and people could bet on who would win. We could even expand so that it's clan vs clan and we can bet on that too. That would certainly make things more exciting and also provide more services for people to spend and make money off of. Best part is, it wouldn't require any changes to the server.

However I'll try to make list of all the possible changes we could make to the servers programming and their consequences. (i'll be sure to tag you in it too )

 

So much for always grabbing my fort3 shovel when collecting it. Still doesn't change the overall verdict.

 

You know this is actually a fairly interesting idea. If we got rid of /sell hand, it would really make our economy, A. A whole lot more realistic, and B. Quite a lot more fun. Not only would this make our economy far more dynamic, it would make us once again, a Hardcore economy server. At some point, it gets fairly easy to make money. But by having to analyze the trends going on, and having to make decisions on where to buy and sell, and how it can affect the economy, it makes ECC so much more dynamic. I still think having /worth (to give an approximate value) would be useful. Set the baseline, then have the market decide afterwards how much it should be. I don't particularly know if this will fly well with the staff, but I think anything that isn't like stone or cobble should have their /sell removed.

 

The server could establish a price floor and a price ceiling for each item and then periodically adjust the server price such that the variance between the floor and ceiling is attributable to trends in supply. If players choose to sell a large quantity of a particular commodity, the server would react by lowering the price and vice versa. The price floor would prevent the forced obsolescence of farms/star tools and the price ceiling would curtail inflation.

Commodities would be traded between players as investments. When the price of something is thought to be trending toward its ceiling, players would be inclined to purchase that commodity on the player market at or above its server price.

Just an idea

 

But imagine starting off on the server with nothing and trying to make money, it would be insanely difficult
It’s only fun when you are end game and have everything to sell

 

I'm not sure if this is the case, the majority of new players (which there are few of) are immediately told to look in the markets for the best prices. Its going to be a shift in how ecc works sure, but I don't think it'll make it too hard. I mean we are a hardcore economy.

 

I see where you are coming from, but in retrospect, it’s not necessarily “end game people” who would benefit.

Edit: essentially what @zjkhan said

 

This gets suggested every 3 months, since I opened the server in 2011.
I can write a good 12 page essay as to why this simply won't work on ECC, but sadly I don't have the time. Sorry @pokeball92870 it's something I've denied since day 1.