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No, to Auction House. Yes, to Stock Exchange? Maybe.

PinoZino
PinoZino
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The players would like to see an easier tool to sell their stuff. Most think about some Auction House.

ZOS says 'No'. And they are maybe right.

Instead of rephrasing the cry for an Auction House - while you know the response - we could think about another animal:

The Stock Exchange!!!

LOL!!! PinoZino!!! A Stock Exchange!!! Pino, you are a loser. ESO is located more or less in a medieval setting and Stock Exchanges are so present times.

Eh...no.

In fact, they are pretty old.
  • The ancient Mesopotamians had interest-bearing loans.
  • The ancient Romans sometimes funded wars, buildings and constructions via a kind of share system.
  • In France they had around 11AD 'courtiers de change' a kind of stockbrokers.
  • In 1309 traders came together in Brugges (Belgium) in a house which was owned by some guy called Van der Buerse ('Buerse' or old Dutch for 'Beurs' = stock exchange). They bought and sold shares in trading goods but also in traffic routes.
220px-TerBuerze-brugge.jpg
Ter Buerze - Brugge
  • Their concept quickly conquered Europe and similar houses were opened in Ghent (Belgium), Amsterdam (The Netherlands) and several Italian cities. As a matter of fact in 1351 it was forbidden in Venice (Italy) to spread false rumors to influence the share prices.
  • The first real Stock Exchange Building was opened in Antwerp (Belgium) in 1531, London was a bit later. Their Royal Exchange was opened by Queen Elizabeth I in 1571.
hhrthzeh.jpeg?maxheight=460&maxwidth=629&format=jpg
The first Stock Exchange Building in the world - Antwerp (Belgium). Present times it is abandoned.

My point is clear I guess. Stock Exchanges do fit in a medieval setting.

History school is over, back to the game…

Not many MMO's do have a Stock Exchange. That would give ESO an USP. Not unimportant.

Practical, it could be arranged rather easy. They could open 1 Stock Exchange in every faction. Or they could make it more unique and provide only 1 Stock Exchange in some Veteran Area.

Buying and selling follows automatically the flow of supply and demand. The market will decide the price tags for the items. However, if needed ZOS can interfere.

It should be simple: you can only buy what’s really available on the Stock Market, you can only sell what you really have in your (bank) inventory. So no call options, no put options, futures or whatever. But greed is still good.

ZOS could restrict selling and buying only to members of a guild. Maybe it's even good that this guild should be of a decent size. 200 members by instance.

The current Guild Traders shouldn't be replaced, they can do what they do today. Probably the prices in the Guild Stores will influence the Stock Exchange et vice versa.

And now it's your turn. You may shoot this concept to pieces.
Edited by PinoZino on September 22, 2015 3:20AM
Founder of Tradelodge, a trade guild operating on the European Megaserver for Playstation®4.

Visit our website: http://tradelodge.blogspot.com/
  • nine9six
    nine9six
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    Wonder what happened at 7:30?
    Edited by nine9six on September 21, 2015 2:34PM
    Wake up, we're here. Why are you shaking? Are you ok? Wake up...
    Email =/= proper 2-Factor Authentication.
  • Rikal
    Rikal
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    PinoZino wrote: »
    The players would like to see an easier tool to sell their stuff. Most think about some Auction House.

    ZOS says 'No'. And they are maybe right.

    Nope. They are wrong. An auction house is what we should have. Fair and equal access to the economy for all players. No petty dictators.
    Rikal on NA-PC (aka Rhaulikko)
  • PinoZino
    PinoZino
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    Rikal wrote: »
    PinoZino wrote: »
    The players would like to see an easier tool to sell their stuff. Most think about some Auction House.

    ZOS says 'No'. And they are maybe right.

    Nope. They are wrong. An auction house is what we should have. Fair and equal access to the economy for all players. No petty dictators.

    You don't know how prices come to life at a Stock Exchange, don't you?

    Supply and demand, baby.

    If we, the people, buy a lot the same item, prices will climb of that item.
    If we, the people, sell a lot the same item, prices will drop of that item.
    Edited by PinoZino on September 21, 2015 2:43PM
    Founder of Tradelodge, a trade guild operating on the European Megaserver for Playstation®4.

    Visit our website: http://tradelodge.blogspot.com/
  • Conquers
    Conquers
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    I would like a Call for 50 options of Daggerfall Covenant!
    And a futures contract for Molag Bal's Deadra, how much for that?
    VR 16 Orc Stamina Dragonknight

    We need a loot currency system in this game!
    forums.elderscrollsonline.com/en/discussion/230549/currency-system-for-dungeons#latest
  • PinoZino
    PinoZino
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    Conquers wrote: »
    I would like a Call for 50 options of Daggerfall Covenant!
    And a futures contract for Molag Bal's Deadra, how much for that?
    ...So no call options, no put options, futures or whatever...
    Founder of Tradelodge, a trade guild operating on the European Megaserver for Playstation®4.

    Visit our website: http://tradelodge.blogspot.com/
  • PinoZino
    PinoZino
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    PinoZino wrote: »
    ZOS could restrict selling and buying only to members of a guild. Maybe it's even good that this guild should be of a decent size. 200 members by instance.


    I was willing to support your idea right until this little gem. Nope. Either it's available for everyone, regardless of guild membership, or not at all.
    • Leave your house
    • Walk the street
    • Stop a smart looking man or woman.
    • Ask him or her the meaning of the words 'could' and 'maybe'
    • Return to your house
    • Read these sentences once more: "ZOS could restrict selling and buying only to members of a guild. Maybe it's even good that this guild should be of a decent size. 200 members by instance."
    • Support the idea
    Founder of Tradelodge, a trade guild operating on the European Megaserver for Playstation®4.

    Visit our website: http://tradelodge.blogspot.com/
  • NGP
    NGP
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    PinoZino wrote: »
    PinoZino wrote: »
    ZOS could restrict selling and buying only to members of a guild. Maybe it's even good that this guild should be of a decent size. 200 members by instance.


    I was willing to support your idea right until this little gem. Nope. Either it's available for everyone, regardless of guild membership, or not at all.
    • Leave your house
    • Walk the street
    • Stop a smart looking man or woman.
    • Ask him or her the meaning of the words 'could' and 'maybe'
    • Return to your house
    • Read these sentences once more: "ZOS could restrict selling and buying only to members of a guild. Maybe it's even good that this guild should be of a decent size. 200 members by instance."
    • Support the idea

    They could shut down the game. Maybe they would delete everyone's gold.
  • PinoZino
    PinoZino
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    NGP wrote: »

    They could shut down the game. Maybe they would delete everyone's gold.

    They could also add UFO's, nukes and naked women. Maybe they would triple everyone's gold.

    Who knows?

    But what's your point?
    Founder of Tradelodge, a trade guild operating on the European Megaserver for Playstation®4.

    Visit our website: http://tradelodge.blogspot.com/
  • KronicDecay
    KronicDecay
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    Theres nothing wrong with the guild store system as it is now imo. Go ahead and flame away but I dont have any issues making 20-50k a day selling crafting mats since Im in 2 very large crafting guilds.
  • PinoZino
    PinoZino
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    Theres nothing wrong with the guild store system as it is now imo. Go ahead and flame away but I dont have any issues making 20-50k a day selling crafting mats since Im in 2 very large crafting guilds.

    Same here. But don't expect that all people are making good money through Guild Stores.

    Most don't.
    Founder of Tradelodge, a trade guild operating on the European Megaserver for Playstation®4.

    Visit our website: http://tradelodge.blogspot.com/
  • MrSuplex
    MrSuplex
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    Theres nothing wrong with the guild store system as it is now imo. Go ahead and flame away but I dont have any issues making 20-50k a day selling crafting mats since Im in 2 very large crafting guilds.

    Its laughable that you comment on how the system is fine, being one of those in the minority who benefits from it. For those of us that do not have access to a guild like yours, we are left out in the cold. Its a *** system no matter how you try to defend it.
  • Divinius
    Divinius
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    Ever notice how everyone that says "there's nothing wrong with the Guild Store system" follows up their comment with how much money they are making?

    Here's a hint: The problems with the Guild Store system are NOT that "nobody can make money"... Anybody can make money, but not everybody can make money.

    That said, I'll even agree that the system is acceptable for sellers. But it's absolutely atrocious for buyers.
  • PinoZino
    PinoZino
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    @Divinius and @MrSuplex,

    Don't be too harsh for @KronicDecay.
    From his point of view there's nothing wrong with the Guild Store mechanisme.

    He"s only not aware that many people equalize it with hell.

    If there was a Stock Exchange mister @KronicDecay would probably even make more gold than he's doing today.
    Founder of Tradelodge, a trade guild operating on the European Megaserver for Playstation®4.

    Visit our website: http://tradelodge.blogspot.com/
  • Tandor
    Tandor
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    PinoZino wrote: »
    ZOS could restrict selling and buying only to members of a guild. Maybe it's even good that this guild should be of a decent size. 200 members by instance.

    Any new trading system that does not allow trading to be undertaken by everyone irrespective of level, alliance, and other artificial barriers like guild membership will fail.

    Please, no restrictions to members of a guild. Guild membership should not be a pre-requisite of taking part in a core part of any MMO such as its trading system.
  • WebBull
    WebBull
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    I like the idea as long as it is open to everyone. Players will also have to have the option to pull their item should the market price fall too low.
  • Tholian1
    Tholian1
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    PinoZino wrote: »
    ZOS could restrict selling and buying only to members of a guild. Maybe it's even good that this guild should be of a decent size. 200 members by instance.


    I was willing to support your idea right until this little gem. Nope. Either it's available for everyone, regardless of guild membership, or not at all.

    I agree with this. Forced guild participation to buy and sell already excludes too many from participating in the economy.
    PS4 Pro NA
  • MrSuplex
    MrSuplex
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    Divinius wrote: »
    That said, I'll even agree that the system is acceptable for sellers. But it's absolutely atrocious for buyers.

    Yeah I wasn't even commenting on how idiotic the system is for buyers who have to travel all over the place just to shop.

    Basically, other than for a small minority of sellers, the guild store system is a complete joke. It blows my mind that this developer insists on retaining it after all this time and the obvious flaws it has.

    Edited by MrSuplex on September 21, 2015 5:29PM
  • PinoZino
    PinoZino
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    @Tandor, @WebBull, @Tholian1,

    And how do you know? Did you test it out? Do you have access to the terabytes of data ZSO is having about our behaviour?

    No and no.

    And that's why you let them decide if they should limit the access to a Stock Exchange or not.

    What you all do is forming an opinion based on feelings. This could be misleading a lot.

    Besides, I don't see a problem of being a member of a guild, because everybody can enter one. Big deal.

    There are other possibilities too. Maybe it should only be accessible by people with a Veteran ranking or when you paid a sudden (high) fee (gold or Crowns).

    The last emulates the situation IRL. In the medieval times the Average Joe couldn't enter the Stock Exchange, it was only available for the elite.

    Maybe it's in the interest of ZOS too when it's available for Veterans only. The Stock Exchange would work as an incentive, a reward. It's certainly making sure that more people would try to reach a Veteran rank and thus play more.

    But it's certainly also possible that it's better when it's available for all. But I don't know and so do you.
    Edited by PinoZino on September 22, 2015 1:45AM
    Founder of Tradelodge, a trade guild operating on the European Megaserver for Playstation®4.

    Visit our website: http://tradelodge.blogspot.com/
  • PinoZino
    PinoZino
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    lol

    @Gidorick,

    But we are talking about a Stock Horse :)
    Founder of Tradelodge, a trade guild operating on the European Megaserver for Playstation®4.

    Visit our website: http://tradelodge.blogspot.com/
  • PinoZino
    PinoZino
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    Rikal wrote: »
    PinoZino wrote: »
    The players would like to see an easier tool to sell their stuff. Most think about some Auction House.

    ZOS says 'No'. And they are maybe right.

    Nope. They are wrong. An auction house is what we should have. Fair and equal access to the economy for all players. No petty dictators.

    What ZOS is saying about an Auction House:

    "You don't necessarily want to do a global auction house for a game with one giant server because that generally leads to all the best gear being available at very, very cheap prices," Gameplay Designer Nick Konkle told Shoddycast last fall (via Massively). "A lot of times that can trivialize the game. You cannot have a healthy economy when there are no restrictions on getting the best stuff in the game."

    Link:
    cinemablend.com/games/Elder-Scrolls-Online-Auction-House-Created-By-Players-63386.html

    With a Stock Exchange they can interfere. It doesn't have to follow 100% the laws of supply and demand. They can arrange that items are a bit expensive.
    Founder of Tradelodge, a trade guild operating on the European Megaserver for Playstation®4.

    Visit our website: http://tradelodge.blogspot.com/
  • tordr86b16_ESO
    tordr86b16_ESO
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    willow_p1_02s.640w.jpg

    AAEAAQAAAAAAAAJCAAAAJDY3YTI1ZmIwLTQ0ZWYtNDM1Yi1hNDJjLWQyMzM2MzQ5OTlmNg.jpg
  • tordr86b16_ESO
    tordr86b16_ESO
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    PinoZino wrote: »
    Rikal wrote: »
    PinoZino wrote: »
    The players would like to see an easier tool to sell their stuff. Most think about some Auction House.

    ZOS says 'No'. And they are maybe right.

    Nope. They are wrong. An auction house is what we should have. Fair and equal access to the economy for all players. No petty dictators.

    What ZOS is saying about an Auction House:

    "You don't necessarily want to do a global auction house for a game with one giant server because that generally leads to all the best gear being available at very, very cheap prices," Gameplay Designer Nick Konkle told Shoddycast last fall (via Massively). "A lot of times that can trivialize the game. You cannot have a healthy economy when there are no restrictions on getting the best stuff in the game."

    Link:
    cinemablend.com/games/Elder-Scrolls-Online-Auction-House-Created-By-Players-63386.html

    With a Stock Exchange they can interfere. It doesn't have to follow 100% the laws of supply and demand. They can arrange that items are a bit expensive.

    The devs are so wrong it's laughable.
  • sagitter
    sagitter
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    Sorry but there have been many polls thread about AH and most of players said no to it,including me.
    Btw your idea seems better than a stupid global AH.
  • PinoZino
    PinoZino
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    The devs are so wrong it's laughable.

    Can I see your analysis documents? It seems you did research the issue.
    Would be an interesting read.

    Unfortunately, you don’t have such documents. Your idea is based on assumptions, feelings and emotions.

    And you know what? The dev team does. They did their research. They can back-up their idea with facts.

    That’s why we should stop asking for a global Auction House. It will never see the daylight.
    However, we can think about other options.


    Founder of Tradelodge, a trade guild operating on the European Megaserver for Playstation®4.

    Visit our website: http://tradelodge.blogspot.com/
  • tordr86b16_ESO
    tordr86b16_ESO
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    PinoZino wrote: »

    The devs are so wrong it's laughable.

    Can I see your analysis documents? It seems you did research the issue.
    Would be an interesting read.

    Unfortunately, you don’t have such documents. Your idea is based on assumptions, feelings and emotions.

    And you know what? The dev team does. They did their research. They can back-up their idea with facts.

    That’s why we should stop asking for a global Auction House. It will never see the daylight.
    However, we can think about other options.


    What facts? All they've done is give us an ultimatum and we are to accept it. I know they are wrong because I've seen how prices go up and down in WoW.
  • Zorrashi
    Zorrashi
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    Perhaps I my reading comprehension is a bit iffy at this time of night, but it looks to me that this stock market automates prices on its own ("there's just one price to an item")? As in, a computer within the system sets the price for us? Or is the lack of sleep getting to me?
  • tordr86b16_ESO
    tordr86b16_ESO
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    Zorrashi wrote: »
    Perhaps I my reading comprehension is a bit iffy at this time of night, but it looks to me that this stock market automates prices on its own ("there's just one price to an item")? As in, a computer within the system sets the price for us? Or is the lack of sleep getting to me?

    If we are to follow real world stock exchange then yes, and yes it's an utterly terrible idea.
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