Andrew is, but he uses kuke as a tester for the most efficient ways of farming to get the most ECD/hr, and adjusts it based upon the balance in the game.

 

Items have been changed, as said a MILLION times before by andrew, because it is the only way to keep an economy server running for a long time.

 

Im sick and tired of these threads. Andrewkm changes the prices of items or ranks whenever he feels it needs to be done. I feel like he has done a very good job in the past few months and will continue to do so. People just don't like change but need to learn how to deal with it. The richer class of Ecc will always have an advantage over the poor because they are flexible and able to adapt to the changing economy. Money makes Money. Deal with it.

 

False, it is left up to andrewkm. If there is someone else that can show a faster way to farm/mine, I am sure andrew would take it into consideration.

You have to base prices off the best, most efficient way to make money. If you don't then a small number of these high earners could throw the whole thing out of balance.

No. The system ECC employs has worked for multiple years. Obviously something is right about it. Is there another Minecraft economy server that has such an excellent track record?

Um.. yes... I mean no.. I mean.. umm.. I really don't get what you are asking here.

I hate that my net worth drops every time the prices drop. I would handle the price changes in the exact same way. It really is the only way to regulate the income of the server as a whole. I, in hindsight, would not have introduced eff vii picks. I think this has begun to sting the economy. They are here now, and I undertand that. Let's just not go any higher. But they have no farming impact. As for farming, I don't think there is anything that can be done. If we raise the prices of the crops, and then raise the prices of the features, nothing really changes.

 

TL;NGR: No.
Put it into this, as every economy server I've ever experienced had this happen to them.

High prices -> inflation -> player price raise -> server price raise -> player price raise -> server price raise -> player price raise -> players begin to quit -> server begins to lose money because of simplicity -> server shuts down from funds. Keep in mind this is if prices did not lower. Server price raises in order to keep the player price balanced with the player price, so player price is always above server price.

There was one server whom I will not say its name or anything to find a way to know what server it was or how to get to it, but I know a server where the economy was 5 trillion dollars. They rose the prices so high that a diamond was 1mil. Do you see why andrew makes the economy this way? If ecc becomes inflated then players will find it too easy. Too easy to make money. Players will quit because it's boring. Server will lose money. Server will die.

I would never, ever, ever, ever support this. Neither would andrew or ANYONE with common sense about how an economy works. I find it very sad that at my age I understand more about how inflation works.

Inflation = bad.
Want proof?: http://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic
By November 1923, the American dollar was worth 4,210,500,000,000 German marks
People swept money off of the streets. People burned money because it was cheaper than firewood. Inflation = bad, even if this is a video game.

Keep in mind I don't really care what you say to this, whether it be my statement invalid or whether it be "this is a video game not irl". This may be a video game, but that doesn't mean inflation is good. It is NEVER good.

 

The only issue with doing this is you end up with one of two scenarios.

Scenario one: Prices always rebound. Carrots always down and then up and then down. And their average stays around a certain amount. This will lead to people hoarding and only selling when the prices are high. They will hoard when the price is low and wait until the price is high to sell. since prices always rebound, it is simply a waiting game that the rich have no problem playing.

Scenario two: Prices do not always rebound. This leads to you raising prices on some items that never fall into "acceptable" levels, while others drop and never recover. If there are items that make the most money, people will migrate to that and complain that other things don't make enough. All this does is make players migrate to the most profitable items and doesn't solve the issue of too much money entering the economy.

The prices, as the system stands now, are only lowered when it is found out that they are contributing unevenly.

My question to you is: How do YOU plan on regulating the amount of "free" money entering the economy if you raise prices?

 

Good plan :D

 

From what I know, kuke and andrewkm create the prices.

 

I don't believe Kuke has a direct voice in what it should be but an opinion or idea of the general number it should increase or decrease. Then Andrew completely decides the exact number based on his and Kukes opinion.