Maintenance for the week of November 25:
• [COMPLETE] PC/Mac: NA and EU megaservers for maintenance – November 25, 4:00AM EST (9:00 UTC) - 7:00AM EST (12:00 UTC)
• Xbox: NA and EU megaservers for maintenance – November 27, 6:00AM EST (11:00 UTC) - 9:00AM EST (14:00 UTC)
• PlayStation®: NA and EU megaservers for maintenance – November 27, 6:00AM EST (11:00 UTC) - 9:00AM EST (14:00 UTC)

ZOS please work on the in game economy

  • oldbobdude
    oldbobdude
    ✭✭✭✭✭
    Be careful what you wish for! :smile:
  • Desiato
    Desiato
    ✭✭✭✭✭
    The economy is fixing itself. Players are changing how they play. I notice far fewer players doing crafting writs every day now that they're not as profitable, for example.

    There's also less speculation as traders continue to reduce their inventory.

    Guilds burning through gold to hold their spots is also part of the process.

    That's not to say prices will end up back where they were. I doubt we're going to get another class any time soon to drive demand like the introduction of the arcanist did. I would expect there to be more caution about speculation for a while.

    It's not only an adjustment, but probably a paradigm shift.

    Of course there will be an upheaval of the guild hierarchy during times like this. Guilds will be tested. Their resolve will be tested. Their ability to adapt will be tested. Their business models will be tested. Inefficient guilds and those who slacked in recruitment may be exposed. Like in rl, some may choose to retire during a downturn. It is an opportunity for the up and comers.

    Edited by Desiato on 16 August 2024 00:19
    spending a year dead for tax reasons
  • DarthCuddlefluff
    DarthCuddlefluff
    ✭✭✭✭
    Low prices are a good thing. Please stop with the posts complaining about an objectively better economy.
  • Aurielle
    Aurielle
    ✭✭✭✭✭
    ✭✭✭✭✭
    Low prices are a good thing. Please stop with the posts complaining about an objectively better economy.

    Agreed. Stuff is actually affordable for the first time in a long time for those of us who don’t play the trader end game 24/7. This situation puts housing enthusiasts and flippers at a disadvantage, for sure, but it’s better for the game’s population as a whole. It’s nice to actually be able to buy gold mats for a build without completely depleting my coffers for a change. It lets me spend more time doing what I want to do (PVP) and less time doing what I can’t stand (farming).
  • Tensar
    Tensar
    ✭✭✭✭
    ZOS please work on the game
  • Pevey
    Pevey
    ✭✭✭✭✭
    ✭✭
    They HAVE been working on the in-game economy, and I think they have done a GREAT job. Hear me out:

    RMT scum migrated to ESO in droves over the years, and it distorted ESO's economy significantly. If ESO were a dying game, they would do nothing. They would allocate no resources to this. It is a very difficult problem to address, and one that is never *solved* and ongoing. There are many signs that ZOS has people on this and are taking it seriously. Here is probably the best sign:

    8l9zm27zo2f8.jpg

    This is from one place where people use real money to buy gold. I'm not going to name the site. Someone in another thread mentioned the gold-seller crackdown, so I googled it and found that the price of gold has indeed jumped, about 5-fold. A 500% increase. Awesome! I hope it goes up and up.

    Clearly, the risks have gone up. ZOS has become better at identifying and banning these people.

    Consider the ESO economy of the last 5 years:
    - Scammers steal credit cards and need to monetize them
    - They buy crowns in ESO using the stolen cards to get gold
    - They then sell this gold for real money. Their cycle is complete. Rinse, repeat.
    - Who was buying the gold? My guess is mostly people buying carries and level boosting.
    - The gold received by carry sellers was spent on all sorts of things. Prices of everything increased.

    Gold that was sitting in the banks of long-term players flooded into the market to buy cheap crowns (some portion sold by credit card thieves) and ended up in the hands of end-game players very willing to spend it on all sorts of things for convenience. Including, more crowns! So then the gold was BACK in the hands of the RMT scum to sell.

    THAT was not a good economy. I'm sure it felt good to some traders that you couldn't lose, that prices of everything you sold were always going up. But THAT was the economy of a dying game.

    What we have now is an economy going through a MAJOR adjustment period. I'm sure it is very stressful for trade guild leaders. And also carry team leaders, who are trying to figure out pricing in this new economy. But they are very analytical, that's how they are so good at PVE group optimization in this game. They know less gold buys more now, it's just that everything is still a moving target. Things will settle to a new normal.

    I am far from a cheerleader. I'm often critical of ZOS and never shy about sharing my opinion. But looking at that chart above, I must say to the people at ZOS who are working on this, AWESOME JOB! WELL DONE!

    On top of this, we had the scribing gold sink, which took more gold out of circulation. ZOS is alleviating that with a 999 vendor sell price on all duplicate scripts starting with Monday's patch. That will add up. Anything sold to a vendor generates NEW gold, so it will help stabilize things.

    The economy will be fine.
    Edited by Pevey on 16 August 2024 13:26
  • Necrotech_Master
    Necrotech_Master
    ✭✭✭✭✭
    ✭✭✭✭✭
    Pevey wrote: »
    They HAVE been working on the in-game economy, and I think they have done a GREAT job. Hear me out:

    RMT scum migrated to ESO in droves over the years, and it distorted ESO's economy significantly. If ESO were a dying game, they would do nothing. They would allocate no resources to this. It is a very difficult problem to address, and one that is never *solved* and ongoing. There are many signs that ZOS has people on this and are taking it seriously. Here is probably the best sign:

    8l9zm27zo2f8.jpg

    This is from one place where people use real money to buy gold. I'm not going to name the site. Someone in another thread mentioned the gold-seller crackdown, so I googled it and found that the price of gold has indeed jumped, about 5-fold. A 500% increase. Awesome! I hope it goes up and up.

    Clearly, the risks have gone up. ZOS has become better at identifying and banning these people.

    Consider the ESO economy of the last 5 years:
    - Scammers steal credit cards and need to monetize them
    - They buy crowns in ESO using the stolen cards to get gold
    - They then sell this gold for real money. Their cycle is complete. Rinse, repeat.
    - Who was buying the gold? My guess is mostly people buying carries and level boosting.
    - The gold received by carry sellers was spent on all sorts of things. Prices of everything increased.

    Gold that was sitting in the banks of long-term players flooded into the market to buy cheap crowns (some portion sold by credit card thieves) and ended up in the hands of end-game players very willing to spend it on all sorts of things for convenience. Including, more crowns! So then the gold was BACK in the hands of the RMT scum to sell.

    THAT was not a good economy. I'm sure it felt good to some traders that you couldn't lose, that prices of everything you sold were always going up. But THAT was the economy of a dying game.

    What we have now is an economy going through a MAJOR adjustment period. I'm sure it is very stressful for trade guild leaders. And also carry team leaders, who are trying to figure out pricing in this new economy. But they are very analytical, that's how they are so good at PVE group optimization in this game. They know less gold buys more now, it's just that everything is still a moving target. Things will settle to a new normal.

    I am far from a cheerleader. I'm often critical of ZOS and never shy about sharing my opinion. But looking at that chart above, I must say to the people at ZOS who are working on this, AWESOME JOB! WELL DONE!

    On top of this, we had the scribing gold sink, which took more gold out of circulation. ZOS is alleviating that with a 999 vendor sell price on all duplicate scripts starting with Monday's patch. That will add up. Anything sold to a vendor generates NEW gold, so it will help stabilize things.

    The economy will be fine.

    a large portion of the gold selling and RMT spammers became a thing when the game was being offered free during the promotion on the epic store lol

    those there was effectively no gold spammers in chat before that promotion and there was tons of them after, and i think its taken them until now to effectively remove 90% of them
    plays PC/NA
    handle @Necrotech_Master
    active player since april 2014

    i have my main house (grand topal hideaway) listed in the housing tours, it has multiple target dummies, scribing altar, and grandmaster stations (in progress being filled out), as well as almost every antiquity furnishing on display to preview them

    feel free to stop by and use the facilities
  • Pevey
    Pevey
    ✭✭✭✭✭
    ✭✭
    There may have been a spike at that time, but this has been going on for a long time.
  • freespirit
    freespirit
    ✭✭✭✭✭
    ✭✭✭
    Pevey wrote: »
    They HAVE been working on the in-game economy, and I think they have done a GREAT job. Hear me out:

    RMT scum migrated to ESO in droves over the years, and it distorted ESO's economy significantly. If ESO were a dying game, they would do nothing. They would allocate no resources to this. It is a very difficult problem to address, and one that is never *solved* and ongoing. There are many signs that ZOS has people on this and are taking it seriously. Here is probably the best sign:

    8l9zm27zo2f8.jpg

    This is from one place where people use real money to buy gold. I'm not going to name the site. Someone in another thread mentioned the gold-seller crackdown, so I googled it and found that the price of gold has indeed jumped, about 5-fold. A 500% increase. Awesome! I hope it goes up and up.

    Clearly, the risks have gone up. ZOS has become better at identifying and banning these people.

    Consider the ESO economy of the last 5 years:
    - Scammers steal credit cards and need to monetize them
    - They buy crowns in ESO using the stolen cards to get gold
    - They then sell this gold for real money. Their cycle is complete. Rinse, repeat.
    - Who was buying the gold? My guess is mostly people buying carries and level boosting.
    - The gold received by carry sellers was spent on all sorts of things. Prices of everything increased.

    Gold that was sitting in the banks of long-term players flooded into the market to buy cheap crowns (some portion sold by credit card thieves) and ended up in the hands of end-game players very willing to spend it on all sorts of things for convenience. Including, more crowns! So then the gold was BACK in the hands of the RMT scum to sell.

    THAT was not a good economy. I'm sure it felt good to some traders that you couldn't lose, that prices of everything you sold were always going up. But THAT was the economy of a dying game.

    What we have now is an economy going through a MAJOR adjustment period. I'm sure it is very stressful for trade guild leaders. And also carry team leaders, who are trying to figure out pricing in this new economy. But they are very analytical, that's how they are so good at PVE group optimization in this game. They know less gold buys more now, it's just that everything is still a moving target. Things will settle to a new normal.

    I am far from a cheerleader. I'm often critical of ZOS and never shy about sharing my opinion. But looking at that chart above, I must say to the people at ZOS who are working on this, AWESOME JOB! WELL DONE!

    On top of this, we had the scribing gold sink, which took more gold out of circulation. ZOS is alleviating that with a 999 vendor sell price on all duplicate scripts starting with Monday's patch. That will add up. Anything sold to a vendor generates NEW gold, so it will help stabilize things.

    The economy will be fine.

    a large portion of the gold selling and RMT spammers became a thing when the game was being offered free during the promotion on the epic store lol

    those there was effectively no gold spammers in chat before that promotion and there was tons of them after, and i think its taken them until now to effectively remove 90% of them

    The worst thing is the team of people responsible for the majority of gold selling adverts I've ever seen are still around and still posting their adverts many times a day(PC-EU)!!

    A quick search of forums will show you these people were around long before the Epic giveaway and unfortunately it seems they will be around long after it too!!
    Edited by freespirit on 16 August 2024 15:41
    When people say to me........
    "You're going to regret that in the morning"
    I sleep until midday cos I'm a problem solver!
  • Necrotech_Master
    Necrotech_Master
    ✭✭✭✭✭
    ✭✭✭✭✭
    freespirit wrote: »
    Pevey wrote: »
    They HAVE been working on the in-game economy, and I think they have done a GREAT job. Hear me out:

    RMT scum migrated to ESO in droves over the years, and it distorted ESO's economy significantly. If ESO were a dying game, they would do nothing. They would allocate no resources to this. It is a very difficult problem to address, and one that is never *solved* and ongoing. There are many signs that ZOS has people on this and are taking it seriously. Here is probably the best sign:

    8l9zm27zo2f8.jpg

    This is from one place where people use real money to buy gold. I'm not going to name the site. Someone in another thread mentioned the gold-seller crackdown, so I googled it and found that the price of gold has indeed jumped, about 5-fold. A 500% increase. Awesome! I hope it goes up and up.

    Clearly, the risks have gone up. ZOS has become better at identifying and banning these people.

    Consider the ESO economy of the last 5 years:
    - Scammers steal credit cards and need to monetize them
    - They buy crowns in ESO using the stolen cards to get gold
    - They then sell this gold for real money. Their cycle is complete. Rinse, repeat.
    - Who was buying the gold? My guess is mostly people buying carries and level boosting.
    - The gold received by carry sellers was spent on all sorts of things. Prices of everything increased.

    Gold that was sitting in the banks of long-term players flooded into the market to buy cheap crowns (some portion sold by credit card thieves) and ended up in the hands of end-game players very willing to spend it on all sorts of things for convenience. Including, more crowns! So then the gold was BACK in the hands of the RMT scum to sell.

    THAT was not a good economy. I'm sure it felt good to some traders that you couldn't lose, that prices of everything you sold were always going up. But THAT was the economy of a dying game.

    What we have now is an economy going through a MAJOR adjustment period. I'm sure it is very stressful for trade guild leaders. And also carry team leaders, who are trying to figure out pricing in this new economy. But they are very analytical, that's how they are so good at PVE group optimization in this game. They know less gold buys more now, it's just that everything is still a moving target. Things will settle to a new normal.

    I am far from a cheerleader. I'm often critical of ZOS and never shy about sharing my opinion. But looking at that chart above, I must say to the people at ZOS who are working on this, AWESOME JOB! WELL DONE!

    On top of this, we had the scribing gold sink, which took more gold out of circulation. ZOS is alleviating that with a 999 vendor sell price on all duplicate scripts starting with Monday's patch. That will add up. Anything sold to a vendor generates NEW gold, so it will help stabilize things.

    The economy will be fine.

    a large portion of the gold selling and RMT spammers became a thing when the game was being offered free during the promotion on the epic store lol

    those there was effectively no gold spammers in chat before that promotion and there was tons of them after, and i think its taken them until now to effectively remove 90% of them

    The worst thing is the team of people responsible for the majority of gold selling adverts I've ever seen are still around and still posting their adverts many times a day(PC-EU)!!

    A quick search of forums will show you these people were around long before the Epic giveaway and unfortunately it seems they will be around long after it too!!

    on PC NA, there were pretty much no RMT chat spammers before the epic promotion, most of those got stamped out a long time ago

    they became a lot more brazen when they had access to free accts during the epic promotion, and i think its taken almost a year for zos to clear up most of the obvious ones

    i wouldnt have been surprised if there was stuff going on before the epic promotion, but they definitely didnt zone chat spam and broadcast themselves lol
    plays PC/NA
    handle @Necrotech_Master
    active player since april 2014

    i have my main house (grand topal hideaway) listed in the housing tours, it has multiple target dummies, scribing altar, and grandmaster stations (in progress being filled out), as well as almost every antiquity furnishing on display to preview them

    feel free to stop by and use the facilities
  • freespirit
    freespirit
    ✭✭✭✭✭
    ✭✭✭
    Second post in this thread.......

    https://forums.elderscrollsonline.com/en/discussion/594689/zone-chat-spammed-by-gold-sellers-for-real-world-money-every-day-goldsellers-ruin-ingame-economy

    States "The same chat bots are in Vvardenfell on PC-NA, too."

    Tenth post states "It's gotten bad the last few days on PC/NA. Vvardenfell and Auridon is where I keep seeing the message. Seems like every couple hours it's a new account."

    This is a 2022 thread and these people have been prevalent on every server not just PC but console too! :(
    When people say to me........
    "You're going to regret that in the morning"
    I sleep until midday cos I'm a problem solver!
  • Ingenon
    Ingenon
    ✭✭✭✭✭
    I notice on PS/NA that the person spamming zone chat advertising a web site to buy in game gold using IRL cash is using a different name every day. I hope that is because ZOS keeps banning their account and forcing them to get a new one.

    And I'm not having a problem with selling stuff at guild trader. Recently, in three days I went from 30 items listed at guild trader to zero, everything sold, and thank you very much!
  • spartaxoxo
    spartaxoxo
    ✭✭✭✭✭
    ✭✭✭✭✭
    Ingenon wrote: »
    I notice on PS/NA that the person spamming zone chat advertising a web site to buy in game gold using IRL cash is using a different name every day. I hope that is because ZOS keeps banning their account and forcing them to get a new one.

    And I'm not having a problem with selling stuff at guild trader. Recently, in three days I went from 30 items listed at guild trader to zero, everything sold, and thank you very much!

    I reported some of them to Sony and they banned some of those accounts. I imagine ZOS is doing the same. I reported to both but Sony actually gets back to you. It's been hit and miss on their end though.
    Edited by spartaxoxo on 16 August 2024 19:17
  • rothan117
    rothan117
    ✭✭✭
    As to the OP's point. ZOS did work on the economy, that is why it is deflating. The changes are working as intended, it is just some people are finding that painful and inconvenient.
  • CameraBeardThePirate
    CameraBeardThePirate
    ✭✭✭✭✭
    ✭✭✭✭✭
    Which would you call a healthier IRL economy? One in which a sandwich costs $20 or one in which a sandwich costs $5? A good economy is the latter, and this is where ESO's economy is moving towards.

    Inflation was rampant, and the value of gold was extremely low. The value of gold is now rising, and players are.... complaining?

    Prices of everything across the board have dropped. That's a good thing. No, you won't be selling things for as high as you were, but you also won't be buying things for as high as you were. Adjust accordingly.
  • DenverRalphy
    DenverRalphy
    ✭✭✭✭✭
    Which would you call a healthier IRL economy? One in which a sandwich costs $20 or one in which a sandwich costs $5? A good economy is the latter, and this is where ESO's economy is moving towards.

    Inflation was rampant, and the value of gold was extremely low. The value of gold is now rising, and players are.... complaining?

    Prices of everything across the board have dropped. That's a good thing. No, you won't be selling things for as high as you were, but you also won't be buying things for as high as you were. Adjust accordingly.

    Cheaper prices do not equate to a better economy. If Sandwiches dropped from $20 down to $5, it means nothing if so too did the average income drop commensurately. If you have $100/day income and are paying $20 for a sandwich, then a year later you are paying $5 for a sandwich, but your income has dropped to $25/day, then the economy hasn't improved. It's still running at the same balance it had before.
  • Pevey
    Pevey
    ✭✭✭✭✭
    ✭✭
    Which would you call a healthier IRL economy? One in which a sandwich costs $20 or one in which a sandwich costs $5? A good economy is the latter, and this is where ESO's economy is moving towards.

    Inflation was rampant, and the value of gold was extremely low. The value of gold is now rising, and players are.... complaining?

    Prices of everything across the board have dropped. That's a good thing. No, you won't be selling things for as high as you were, but you also won't be buying things for as high as you were. Adjust accordingly.

    Cheaper prices do not equate to a better economy. If Sandwiches dropped from $20 down to $5, it means nothing if so too did the average income drop commensurately. If you have $100/day income and are paying $20 for a sandwich, then a year later you are paying $5 for a sandwich, but your income has dropped to $25/day, then the economy hasn't improved. It's still running at the same balance it had before.

    "Income" has stayed the same (or slightly improved). I'm referring to the gold you can generate from playing the game. Quests, killing mobs, looting chests. This was devalued over the years but is getting back to a more reasonable balance.
    Edited by Pevey on 16 August 2024 20:35
  • xclassgaming
    xclassgaming
    ✭✭✭✭✭
    Aurielle wrote: »
    Low prices are a good thing. Please stop with the posts complaining about an objectively better economy.

    Agreed. Stuff is actually affordable for the first time in a long time for those of us who don’t play the trader end game 24/7. This situation puts housing enthusiasts and flippers at a disadvantage, for sure, but it’s better for the game’s population as a whole. It’s nice to actually be able to buy gold mats for a build without completely depleting my coffers for a change. It lets me spend more time doing what I want to do (PVP) and less time doing what I can’t stand (farming).

    It's not better IT'S WORSE.
    Give us clannfear mounts!
  • Aurielle
    Aurielle
    ✭✭✭✭✭
    ✭✭✭✭✭
    Aurielle wrote: »
    Low prices are a good thing. Please stop with the posts complaining about an objectively better economy.

    Agreed. Stuff is actually affordable for the first time in a long time for those of us who don’t play the trader end game 24/7. This situation puts housing enthusiasts and flippers at a disadvantage, for sure, but it’s better for the game’s population as a whole. It’s nice to actually be able to buy gold mats for a build without completely depleting my coffers for a change. It lets me spend more time doing what I want to do (PVP) and less time doing what I can’t stand (farming).

    It's not better IT'S WORSE.

    It’s only worse for people who play the game to make gold. It’s better for people who play the game to…y’know, play the game.
  • kargen27
    kargen27
    ✭✭✭✭✭
    ✭✭✭✭✭
    rothan117 wrote: »
    As to the OP's point. ZOS did work on the economy, that is why it is deflating. The changes are working as intended, it is just some people are finding that painful and inconvenient.

    I've seen this claimed a few times now. What did ZoS do to work on the economy? The celebration events led to an increase in supply but those increases in drops were incentives for us to participate in the events. Any reduction in price of goods was a secondary result.
    and then the parrot said, "must be the water mines green too."
  • CameraBeardThePirate
    CameraBeardThePirate
    ✭✭✭✭✭
    ✭✭✭✭✭
    Which would you call a healthier IRL economy? One in which a sandwich costs $20 or one in which a sandwich costs $5? A good economy is the latter, and this is where ESO's economy is moving towards.

    Inflation was rampant, and the value of gold was extremely low. The value of gold is now rising, and players are.... complaining?

    Prices of everything across the board have dropped. That's a good thing. No, you won't be selling things for as high as you were, but you also won't be buying things for as high as you were. Adjust accordingly.

    Cheaper prices do not equate to a better economy. If Sandwiches dropped from $20 down to $5, it means nothing if so too did the average income drop commensurately. If you have $100/day income and are paying $20 for a sandwich, then a year later you are paying $5 for a sandwich, but your income has dropped to $25/day, then the economy hasn't improved. It's still running at the same balance it had before.

    Except income has stayed the same. All of the things that inject gold into the economy (quest rewards, crafting dailies, BG merits, etc.) have stayed the exact same.
    Edited by CameraBeardThePirate on 16 August 2024 21:15
  • kargen27
    kargen27
    ✭✭✭✭✭
    ✭✭✭✭✭
    Which would you call a healthier IRL economy? One in which a sandwich costs $20 or one in which a sandwich costs $5? A good economy is the latter, and this is where ESO's economy is moving towards.

    Inflation was rampant, and the value of gold was extremely low. The value of gold is now rising, and players are.... complaining?

    Prices of everything across the board have dropped. That's a good thing. No, you won't be selling things for as high as you were, but you also won't be buying things for as high as you were. Adjust accordingly.

    Cheaper prices do not equate to a better economy. If Sandwiches dropped from $20 down to $5, it means nothing if so too did the average income drop commensurately. If you have $100/day income and are paying $20 for a sandwich, then a year later you are paying $5 for a sandwich, but your income has dropped to $25/day, then the economy hasn't improved. It's still running at the same balance it had before.

    Except income has stayed the same. All of the things that inject gold into the economy (quest rewards, crafting dailies, BG merits, etc.) have stayed the exact same.

    A lot of players conflate transfer of gold from player to player and injection of gold into the economy. They assume because they are making less gold through trading that there is less gold in the game.
    and then the parrot said, "must be the water mines green too."
  • LalMirchi
    LalMirchi
    ✭✭✭✭✭
    Ancient proverb from the lost tribe of optimists:

    When the taifun rages slim bamboo bends while the old and massive oak tree is ripped out by its roots. In the face of adversity adaptability is the key.
  • Jaimeh
    Jaimeh
    ✭✭✭✭✭
    ✭✭✭✭✭
    Orbital78 wrote: »
    Get to consuming, if everyone is harvesting their on mats and consumables there isn't as much demand. Sort it out and adjust. There is another explorers event in September, so have fun.

    This^ Players are self-sufficient when it comes to mats (especially as a by product of the ink grind) and saving their gold in order to spend it on crown trades. There are alternative ways to get things now, even collectibles and style pages (the IA vendors for instance) so I can see certain sales decreasing due to that as well. But I mostly feel that gold is starting to become valuable again and people being hesistant to spend, especially on things they can farm themselves and only keep it for crowns. Which is not necessarily a bad thing, since we needed the deflation. It means people will just have to actively go out and make more gold and influx it back to the economy.
  • katanagirl1
    katanagirl1
    ✭✭✭✭✭
    ✭✭✭
    Aurielle wrote: »
    Aurielle wrote: »
    Low prices are a good thing. Please stop with the posts complaining about an objectively better economy.

    Agreed. Stuff is actually affordable for the first time in a long time for those of us who don’t play the trader end game 24/7. This situation puts housing enthusiasts and flippers at a disadvantage, for sure, but it’s better for the game’s population as a whole. It’s nice to actually be able to buy gold mats for a build without completely depleting my coffers for a change. It lets me spend more time doing what I want to do (PVP) and less time doing what I can’t stand (farming).

    It's not better IT'S WORSE.

    It’s only worse for people who play the game to make gold. It’s better for people who play the game to…y’know, play the game.

    Some of us make gold so we can buy more things. Less gold is less buying. I’m just feeding it back into the economy.

    Also remember not everyone is on PC and if they aren’t, they didn’t have inflation and now have more like a recession.
    Khajiit Stamblade main
    Dark Elf Magsorc
    Redguard Stamina Dragonknight
    Orc Stamplar PVP
    Breton Magsorc PVP
    Dark Elf Magden
    Khajiit Stamblade
    Khajiit Stamina Arcanist

    PS5 NA
  • FlopsyPrince
    FlopsyPrince
    ✭✭✭✭✭
    ✭✭✭
    Khajiit is GM of trading guild on NA PC, and has been for a few years now. Some observations:

    There's nothing sellable in the game that players cannot acquire for themselves (aside from some tiny amount of exceedingly rare items that have been rendered obsolete due to game changes like Lire/Jaeda runes). What folks are paying for when they purchase from a guild trader is convenience.

    Unfortunately, a relatively small portion of the population realized that there was really no immediate penalty for greed, for charging whatever they wanted for this convenience, and so certain items, such as certain materials, experienced over the years a massive, but ultimately undeserved, explosion in price. For example, platinum dust was never 20x rarer than rubedite ore, and yet that was pricing.

    Khajiit says "immediate" penalty because there was a long-term consequence that is now being felt. Buyers were trained to not be lazy but rather self-sufficient by the rampant greed of a relatively small fraction of the community, and now, when prices have, by necessity come down to match the shorter allowed listing time, the consumers consume no longer.

    The listing duration change introduced a motivation for sellers to be less greedy, but there is currently no reason for consumers to become lazy again.

    It is just desserts for some, but unfortunately the rest of us are also being served.

    On the bright side, trader bids have come down nicely.

    Sorry Khajit, but selling something for what people will pay is not greed. Why should they leave money on the table?
    PC
    PS4/PS5
  • Gabriel_H
    Gabriel_H
    ✭✭✭✭
    Lucinator wrote: »
    I'm sure I sound like everyone's broken record but the games economy is in a really bad way. Sale have flat-lined, commodity prices are about 1/4 of what they were a year ago and still in free-fall. there just isnt much of a incentive to buy or sell. This has now been a problem for months and the games economy feels like it is at the breaking point. At this point ZOS needs to add some new mechanisms to stimulate it, such as a massive new resource sink. the fact is that previously much of the economy was due to a increasing player base and that is just not sustainable. This is something that really needs to be fixed by year end or many trading guilds are gonna suffer as will people trying to sell stuff. To be honest any other suggestions that would work would be good.

    You are fundamentally misunderstanding how an economy functions be it real world or in-game.

    Commodity prices have dropped, yes. Why? Increased supply due to more players farming, lower demand as older players no longer need to build things. This was hastened by the recent event and the change to 14 days listing, but is actually indicative of a functioning economy, not a failing one.

    The same came be said for things like motifs and style pages, as older players finish out their collections the demand drops.

    Yes an influx of players would provide a boost but eventually the same will happen, and as more people play the lower the boost from new players who increasingly make up a smaller % of the player base.

    It's basic supply/demand economics, much like how new overland sets initially sell high before not even being bothered listing at all.
    Edited by Gabriel_H on 17 August 2024 06:06
  • Gabriel_H
    Gabriel_H
    ✭✭✭✭

    Guilds have never gone extinct as fast as they are dying off now days.

    What is the evidence for this?

    A year ago: How many trading guilds were there? How many average players did they have? What was the average number of trading guilds a player was in? What were the volume sales?

    And then the same again for today.
  • Sarannah
    Sarannah
    ✭✭✭✭✭
    ✭✭✭
    The economy is fluctuating like it always has.

    My guess for the reason why sales are down and why items appear to be worth less gold is scribing. Currently players are investing massive amounts of gold into scribing. Just the grimoires alone is over 100k per character, so over 2M for an entire account. Personally I am also visiting the same merchant to buy all the scripts for each of my 20 characters each week. Which is 4k+4k+8k+12k = 28k gold each week per character, for a total of 560k gold per week.

    Due to scribing gold is used and leaving the economy, and therefor became worth more when held against items. Meaning prices dropped as the value for gold has skyrocketed. (Many players have asked for a goldsink, and here it is.)
    Edited by Sarannah on 17 August 2024 10:31
  • DarthCuddlefluff
    DarthCuddlefluff
    ✭✭✭✭
    Aurielle wrote: »
    Low prices are a good thing. Please stop with the posts complaining about an objectively better economy.

    Agreed. Stuff is actually affordable for the first time in a long time for those of us who don’t play the trader end game 24/7. This situation puts housing enthusiasts and flippers at a disadvantage, for sure, but it’s better for the game’s population as a whole. It’s nice to actually be able to buy gold mats for a build without completely depleting my coffers for a change. It lets me spend more time doing what I want to do (PVP) and less time doing what I can’t stand (farming).

    Actually it puts housing enthusiasts at an advantage. I can now afford mats to make decorations to actually decorate my houses. The housing decorating community pretty much died because of the whale economy and with it so did how I made my gold as a decorator for hire. This is a massive boon to the housing community.
Sign In or Register to comment.