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What will happened to the Economy now? that Crown Gifting is stopped ?

WiseSky
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I mean... this must have some effect on it right?

Anyone wanna chime in ?
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  • Alienoutlaw
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    WiseSky wrote: »
    I mean... this must have some effect on it right?

    Anyone wanna chime in ?

    see my post
  • Soarora
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    Less people making gold, less people exchanging gold, less people selling on guild traders-- the value of gold when it comes to guild trading might increase? I'm no economist, just a guess.
    PC/NA Dungeoneer (Tank/DPS/Heal), Trialist (DPS/Tank/Heal), and amateur Battlegrounder (DPS) with a passion for The Elder Scrolls lore
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  • wilykcat
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    WiseSky wrote: »
    I mean... this must have some effect on it right?

    Anyone wanna chime in ?

    see my post

    Have you seen my post?
  • Rohamad_Ali
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    545970-1396883394.jpg
  • LunaFlora
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    economy will be fine
    miaow! i'm Luna ( she/her ).

    🌸*throws cherry blossom on you*🌸
    "Eagles advance, traveler! And may the Green watch and keep you."
    🦬🦌🐰
    PlayStation and PC EU.
    LunaLolaBlossom on psn.
    LunaFloraBlossom on pc.
  • markulrich1966
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    I'm pretty active selling furniture on xbox NA.
    Even bought rare and expensive plans in the 1 mio gold range to be able to supply other players with rare furniture (like Elsweyr shrines).
    On EU, there is one guy knowing ALL blueprints afaik, being the main source for the housing community. No idea how the stop of crown sellings will stop him, but I think he financed the attunables in his guildhall this way.

    Myself, I think of leaving my guilds, as I currently just login for endeavours and to stock up my sales - the latter getting useless if I can no longer spend my gold to buy crowns. So some rare furniture certainly will be harder to get, or you must actively ask guildmembers if they can craft this or that.
  • freespirit
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    I suspect the price of Trader Bids might get very messy!
    When people say to me........
    "You're going to regret that in the morning"
    I sleep until midday cos I'm a problem solver!
  • valenwood_vegan
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    I would expect a major decline in trading activity if this isn't resolved quickly - the point of making gold for many players was that it could be spent on crown items. There is nothing else to do with it.
  • Trundik
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    I would expect a major decline in trading activity if this isn't resolved quickly - the point of making gold for many players was that it could be spent on crown items. There is nothing else to do with it.

    this

    I play only because decorating. And decorating usually include crown store stuff. I spend millions buying crowns. And now my project will miss two statues (4k crowns each). Literally that project won't be finished untill next year in best case, because I bet that temporary decision will take more than September to resolve and those two statues will gone until next year. Then I have no reason to play until next year at all. I have gold for those statues keeping it for some time to be sure i'l get them. Now I won't and that gold and my time is just a waste. Why I need to farm or sell furniture if i can't spend money to buy anything valuable? Its just making unfinished projects and nothing more. Even a new house is for crowns too. Some items that you need to pretend is something else often is froms store too and despite it can be like 45 crowns worth, it is necessary. For example last thing I bought was a coral - in my house its dragon's elbow now. Store often provide key parts. Housing will suffer without that. Should I get back in 2024? I live in Ukraine, our city is shelled regulary so I can't even know would I be alive next year lol or not. Ppl complaining about Blizzard in internet, but probably they just don't know how things going here...
    Edited by Trundik on September 1, 2023 5:55PM
  • PrincessOfThieves
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    More people will turn to shady sites to buy crown codes and gold, I'd imagine. Even with people abusing regional prices, ZOS still gets a cut, which is not the case with the black market sales (since a lot of codes on these sites are bought via illegal means and then refunded).
    This is an incredibly short-sighted decision.
  • SimonThesis
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    Crown trading helps recirculate gold into the economy instead of staying in the bank accounts of whales. It also helps encourage people to make gold so they can buy the new must buy house with gold, instead of $100. If anything this will cool down inflation and could lead to deflation depending on how long this goes on for.

    "Deflation can be caused by a combination of different factors, including having less money in circulation, which increases the value of that money and, in turn, reduces prices; having more goods produced than there is demand for, which means businesses must decrease their prices to get people to buy their products."


    Honestly, as bad as this decision is, it could lower the prices of mats/tempers/etc and be beneficial to newer players.
    Edited by SimonThesis on September 1, 2023 6:12PM
  • Trundik
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    Honestly, as bad as this decision is, it could lower the prices of mats/tempers/etc and be beneficial to newer players.

    Those prices already laying deep on bottom, at least on ps servers. Farming raw mats isn't rewarding at all, literally its not give you money. Bots sell all raws and tempers just fine, cheaper and cheaper and cheaper. While it could be good for new players, when those players stop being new and will need money to buy something, they definitelly won't get that money farming mats. Please think about old players needs. What it rly will made, as I think, that a lot of good healthy traders will vanish from markets, bc no reason to trade anymore.
  • Zyva
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    I have zero interest in trading anymore. I have enough gold to last me years now that there is nothing to spend it on, enough mats in the crafting bag to never touch another writ or survey.
    Zyvä (Nightblade) ~ Purricâne (Sorcerer) ~ Boñfürr (Dragonknight) ~ Cätnïp (Warden) ~ Boñespùrr (Necromancer)~ Catsänova (Templar)
  • valenwood_vegan
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    Honestly, as bad as this decision is, it could lower the prices of mats/tempers/etc and be beneficial to newer players.

    While that's certainly a possible outcome (and I'm not trying to claim that it's a wrong way to look at the situation), I do have some concern that we might see shortages and then large price spikes for high demand items like upgrade mats.

    Just looking at it from the perspective of someone who farms, does daily writs, and supplies a lot of mats to the market... I don't plan to continue, since there's no point in spending my time obtaining and trading these mats for gold without the ability to spend the gold on something.

    Of course I'm only able to speak for myself here, but if others react the same way, it may lead to a reduction in the supply of these mats entering the market.
  • chessalavakia_ESO
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    It would likely depend on if it was a long disruption or just a few days.

    If it's just a few days not much is going to happen.

    If it's longer, you'll likely see guilds that subsidize their traders by selling Crowns for gold either losing their trader bids or buying gold from gold bots.

    Gold Bot spam/ads will potentially increase as their market of potential customers may expand.

    If gold bots fill the void, the prices will remain the same or potentially go up and we might see more bots (The bots may reduce the price of the parts of the economy they deal with).

    If gold bots don't fill the void, you'd likely see prices drop in areas where the people that bought gold previously spent money.

    You might see some losses of activity in areas where people only did it to buy crowns.

    You might see some of the people that buy Crowns for Gold shifting to buying with $.

  • Tandor
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    It would likely depend on if it was a long disruption or just a few days.

    If it's just a few days not much is going to happen.

    If it's longer, you'll likely see guilds that subsidize their traders by selling Crowns for gold either losing their trader bids or buying gold from gold bots.

    Gold Bot spam/ads will potentially increase as their market of potential customers may expand.

    If gold bots fill the void, the prices will remain the same or potentially go up and we might see more bots (The bots may reduce the price of the parts of the economy they deal with).

    If gold bots don't fill the void, you'd likely see prices drop in areas where the people that bought gold previously spent money.

    You might see some losses of activity in areas where people only did it to buy crowns.

    You might see some of the people that buy Crowns for Gold shifting to buying with $.

    Or trader bids falling, which would be no bad thing.

    Whichever way it goes, we could see the emergence of a real in-game economy rather than one that involves artificially inflated trader bids and prices fuelled by gold selling to fuel out-of-game Crown Store transactions. The present system is a mess, with guild trading, crown/gold conversions and botting all inextricably linked so that you can't reform one without reforming them all. I'd be in favour of that.
  • jommerryrth
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    hoarding is the typical panic behavior of faithless n'wahs
  • Aorys
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    I don't think there will be economy with 1k players online
  • sarahthes
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    It would likely depend on if it was a long disruption or just a few days.

    If it's just a few days not much is going to happen.

    If it's longer, you'll likely see guilds that subsidize their traders by selling Crowns for gold either losing their trader bids or buying gold from gold bots.

    Gold Bot spam/ads will potentially increase as their market of potential customers may expand.

    If gold bots fill the void, the prices will remain the same or potentially go up and we might see more bots (The bots may reduce the price of the parts of the economy they deal with).

    If gold bots don't fill the void, you'd likely see prices drop in areas where the people that bought gold previously spent money.

    You might see some losses of activity in areas where people only did it to buy crowns.

    You might see some of the people that buy Crowns for Gold shifting to buying with $.

    Gold bots made most of their gold by selling illicitly purchased crowns.
  • Vulkunne
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    Zyva wrote: »
    I have zero interest in trading anymore. I have enough gold to last me years now that there is nothing to spend it on, enough mats in the crafting bag to never touch another writ or survey.

    I'm not quite there yet but that is the goal. Well said.
    "I know that someday that sun is bound to shine." -Ella Fitzgerald
  • kargen27
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    I would expect a major decline in trading activity if this isn't resolved quickly - the point of making gold for many players was that it could be spent on crown items. There is nothing else to do with it.

    Trading crown store items for gold didn't take gold out of the game. Some players might have been trading only to make gold to exchange for crown items but on the other side some players were selling crown items for gold so they could use that gold in game. It balances.
    I doubt there will be any significant impact.
    and then the parrot said, "must be the water mines green too."
  • valenwood_vegan
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    kargen27 wrote: »
    I would expect a major decline in trading activity if this isn't resolved quickly - the point of making gold for many players was that it could be spent on crown items. There is nothing else to do with it.

    Trading crown store items for gold didn't take gold out of the game. Some players might have been trading only to make gold to exchange for crown items but on the other side some players were selling crown items for gold so they could use that gold in game. It balances.
    I doubt there will be any significant impact.

    I have never made any sort of claim that "crown trading takes gold out of the game". I am saying that a lot of players involved in trading amassed gold for the purpose of buying crowns with it. Without this incentive, many of them will likely leave the game or scale back their involvement in trading. In my opinion. If you can't spend it on crown items, gold literally holds no value for many players after a certain point.
    Edited by valenwood_vegan on September 1, 2023 10:56PM
  • ixthUA
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    Without crown to gold exchange, how p2w players are supposed to pay to win?
  • boi_anachronism_
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    kargen27 wrote: »
    I would expect a major decline in trading activity if this isn't resolved quickly - the point of making gold for many players was that it could be spent on crown items. There is nothing else to do with it.

    Trading crown store items for gold didn't take gold out of the game. Some players might have been trading only to make gold to exchange for crown items but on the other side some players were selling crown items for gold so they could use that gold in game. It balances.
    I doubt there will be any significant impact.

    Thats really really questionable. Heck traders base their raffles around them. On top of which the significant fall in microtransactions will inevitably have an effect on game production if it goes on long term. Its FTP. Its what keeps the game financially viable. I dont think people truly grasp just how big this market is.
    Edited by boi_anachronism_ on September 1, 2023 10:56PM
  • darvaria
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    You either "pay" with in game gold or "purchased" gold. It's a simple time/money trade off. You pick what you have the most of it. Any body in game can get the same things. Nothing in the Crown Store gives any player an advantage they can't work for in game. It's a matter of trading time/money.
  • brylars
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    They know what they are doing. They are trying to drive up crown sales. Some desk jockey thought this one up without considering all of the consequences.

    Traders, time to stop buying crowns.

    It would be really interesting to see what happens if the regular purchasers stop buying crowns. I am sure if people stopped getting the shiny things, a solution to the "fraud" would come about quite fast.
  • kargen27
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    kargen27 wrote: »
    I would expect a major decline in trading activity if this isn't resolved quickly - the point of making gold for many players was that it could be spent on crown items. There is nothing else to do with it.

    Trading crown store items for gold didn't take gold out of the game. Some players might have been trading only to make gold to exchange for crown items but on the other side some players were selling crown items for gold so they could use that gold in game. It balances.
    I doubt there will be any significant impact.

    Thats really really questionable. Heck traders base their raffles around them. On top of which the significant fall in microtransactions will inevitably have an effect on game production if it goes on long term. Its FTP. Its what keeps the game financially viable. I dont think people truly grasp just how big this market is.

    I'm sure it is a huge market. I took advantage all the time and was about to purchase more armory slots with gold. That gold stays in the game though. I'm not commenting on the financial impact on ZoS only the impact on the games economy. I don't see there being much of an impact. I hadn't considered the guilds that use crowns as part of raffles to generate funds for bids. There will be a short term impact there while they adjust.
    and then the parrot said, "must be the water mines green too."
  • Jaimeh
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    Players who made gold with the explicit goal of trading it for crowns will likely decrease their activities (less writs, trading, farming, etc.), even the average player might see little point in saving their gold from now on. If dedicated writ spammers stop infusing the market with upgrade mats, their price will likely increase. On the other hand base mats, like silk etc., will likely decrease. Also, unless ZOS introduces more true sinks (like houses available to purchase with gold), some players will just sit on their gold now that gifting is off, so that there will still be gold in the game but it just won't be circulating.
  • f047ys3v3n
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    Dude, gold in ESO has been undergoing hyper-inflation for like 3-4 years now. At this point, a player obtaining gold primarily from drops (read any new player) basically can never buy anything. Until they gain access to assets that have value such as motifs or top level mats and then also gain membership in a trade guild, the economy is just effectively closed to them. It's as steep barrier to entry. Gold is now worth somewhere between 1/10th and 1/20th of what it was in the 5 or so years before that in terms of purchasing power parity within the game. Dreague wax for instance has gone from ~2k to ~40k.

    The economy died long ago and I don't think crowns had anything to do with it. Perhaps, for a few new players crown sales through the "gifting" system acted like dollerization in a hyper inflating bannanna republic but that is more sophisticated than I think most of the casual players who would have benefited from it were so I don't think many used it in that way. I don't think there will be much effect on the economy from crown gifting elimination.
    I am mostly pleased with the current state of ESO. Please do continue to ban cheaters though and you guys have to find out who is duping gold and how because the economy is currently non-functional.
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