The gold sellers are a good point. They cause inflation since more gold is in the market, which is not due to actual player activity.
The gold sellers are a good point. They cause inflation since more gold is in the market, which is not due to actual player activity.
Do they though?
How much gold can a single gold seller generate in a day?
How many players are there?
What is the % of gold sellers to (real)players?
In the real world money is technically finite, but governments can print more to buy their own debt through QE, this increases inflation.
In ESO there is no debt, and no government prints money, BUT gold is not finite. Even just logging in to do the daily crafting quests generates ~3k of gold out of thin air.
Lets say there are 30,000 unique daily players - based off steam charts at a reasonable estimate of what other platforms/login methods there are.
Lets say that each player has an average of 3 characters, making a total of 90,000 characters who just do daily crafting quests.
90,000 characters x 3,000 gold = 270 million gold generated out of thin air simply by doing crafting quests.
Lets say 50% of the unique daily players do other things like dungeon runs, other dailies, trials etc, but only on one character.
A fair estimate for additional gold for a couple of hours play, selling just white gear drops and treasure and junk? Around 30,000 gold.
15,000 characters x 30,000 gold = 450 million gold generated. For four hours of play 900 million.
That imo is a conservative estimate. I do not see gold sellers even coming close to being able to farm and sell enough for them to have any significant impact unless they are making up a majority of the playerbase.
Necrotech_Master wrote: »The gold sellers are a good point. They cause inflation since more gold is in the market, which is not due to actual player activity.
Do they though?
How much gold can a single gold seller generate in a day?
How many players are there?
What is the % of gold sellers to (real)players?
In the real world money is technically finite, but governments can print more to buy their own debt through QE, this increases inflation.
In ESO there is no debt, and no government prints money, BUT gold is not finite. Even just logging in to do the daily crafting quests generates ~3k of gold out of thin air.
Lets say there are 30,000 unique daily players - based off steam charts at a reasonable estimate of what other platforms/login methods there are.
Lets say that each player has an average of 3 characters, making a total of 90,000 characters who just do daily crafting quests.
90,000 characters x 3,000 gold = 270 million gold generated out of thin air simply by doing crafting quests.
Lets say 50% of the unique daily players do other things like dungeon runs, other dailies, trials etc, but only on one character.
A fair estimate for additional gold for a couple of hours play, selling just white gear drops and treasure and junk? Around 30,000 gold.
15,000 characters x 30,000 gold = 450 million gold generated. For four hours of play 900 million.
That imo is a conservative estimate. I do not see gold sellers even coming close to being able to farm and sell enough for them to have any significant impact unless they are making up a majority of the playerbase.
gold sellers are a problem because the huge quantities of gold they have enters circulation
gold only enters "public circulation" when its spend on guild stores or traded hands directly, if a player does writs on 10 characters but never buys anything on guild stores, their gold is staying out of circulation
there are also players like myself who rarely if ever do daily crafting writs (im only doing them right now for surveys to finish the newish achievements for completing surveys)
Necrotech_Master wrote: »The gold sellers are a good point. They cause inflation since more gold is in the market, which is not due to actual player activity.
Do they though?
How much gold can a single gold seller generate in a day?
How many players are there?
What is the % of gold sellers to (real)players?
In the real world money is technically finite, but governments can print more to buy their own debt through QE, this increases inflation.
In ESO there is no debt, and no government prints money, BUT gold is not finite. Even just logging in to do the daily crafting quests generates ~3k of gold out of thin air.
Lets say there are 30,000 unique daily players - based off steam charts at a reasonable estimate of what other platforms/login methods there are.
Lets say that each player has an average of 3 characters, making a total of 90,000 characters who just do daily crafting quests.
90,000 characters x 3,000 gold = 270 million gold generated out of thin air simply by doing crafting quests.
Lets say 50% of the unique daily players do other things like dungeon runs, other dailies, trials etc, but only on one character.
A fair estimate for additional gold for a couple of hours play, selling just white gear drops and treasure and junk? Around 30,000 gold.
15,000 characters x 30,000 gold = 450 million gold generated. For four hours of play 900 million.
That imo is a conservative estimate. I do not see gold sellers even coming close to being able to farm and sell enough for them to have any significant impact unless they are making up a majority of the playerbase.
gold sellers are a problem because the huge quantities of gold they have enters circulation
Necrotech_Master wrote: »The gold sellers are a good point. They cause inflation since more gold is in the market, which is not due to actual player activity.
Do they though?
How much gold can a single gold seller generate in a day?
How many players are there?
What is the % of gold sellers to (real)players?
In the real world money is technically finite, but governments can print more to buy their own debt through QE, this increases inflation.
In ESO there is no debt, and no government prints money, BUT gold is not finite. Even just logging in to do the daily crafting quests generates ~3k of gold out of thin air.
Lets say there are 30,000 unique daily players - based off steam charts at a reasonable estimate of what other platforms/login methods there are.
Lets say that each player has an average of 3 characters, making a total of 90,000 characters who just do daily crafting quests.
90,000 characters x 3,000 gold = 270 million gold generated out of thin air simply by doing crafting quests.
Lets say 50% of the unique daily players do other things like dungeon runs, other dailies, trials etc, but only on one character.
A fair estimate for additional gold for a couple of hours play, selling just white gear drops and treasure and junk? Around 30,000 gold.
15,000 characters x 30,000 gold = 450 million gold generated. For four hours of play 900 million.
That imo is a conservative estimate. I do not see gold sellers even coming close to being able to farm and sell enough for them to have any significant impact unless they are making up a majority of the playerbase.
gold sellers are a problem because the huge quantities of gold they have enters circulation
gold only enters "public circulation" when its spend on guild stores or traded hands directly, if a player does writs on 10 characters but never buys anything on guild stores, their gold is staying out of circulation
there are also players like myself who rarely if ever do daily crafting writs (im only doing them right now for surveys to finish the newish achievements for completing surveys)
You are assuming where and how the gold will be spent. If it is spent on homes it is removed from the game. If it is spent on carries it just goes to players already sitting on a lot of gold. Gold sellers have to do something to generate the gold. If it is selling materials in guild stores that increases supply helping to fight any inflation.
Necrotech_Master wrote: »gold sellers are a problem because the huge quantities of gold they have enters circulation
gold only enters "public circulation" when its spend on guild stores or traded hands directly, if a player does writs on 10 characters but never buys anything on guild stores, their gold is staying out of circulation
there are also players like myself who rarely if ever do daily crafting writs (im only doing them right now for surveys to finish the newish achievements for completing surveys)
The gold sellers are a good point. They cause inflation since more gold is in the market, which is not due to actual player activity.
Do they though?
How much gold can a single gold seller generate in a day?
How many players are there?
What is the % of gold sellers to (real)players?
In the real world money is technically finite, but governments can print more to buy their own debt through QE, this increases inflation.
In ESO there is no debt, and no government prints money, BUT gold is not finite. Even just logging in to do the daily crafting quests generates ~3k of gold out of thin air.
Lets say there are 30,000 unique daily players - based off steam charts at a reasonable estimate of what other platforms/login methods there are.
Lets say that each player has an average of 3 characters, making a total of 90,000 characters who just do daily crafting quests.
90,000 characters x 3,000 gold = 270 million gold generated out of thin air simply by doing crafting quests.
Lets say 50% of the unique daily players do other things like dungeon runs, other dailies, trials etc, but only on one character.
A fair estimate for additional gold for a couple of hours play, selling just white gear drops and treasure and junk? Around 30,000 gold.
15,000 characters x 30,000 gold = 450 million gold generated. For four hours of play 900 million.
That imo is a conservative estimate. I do not see gold sellers even coming close to being able to farm and sell enough for them to have any significant impact unless they are making up a majority of the playerbase.
manukartofanu wrote: »You get it right. At this stage, it is already a simple deflationary spiral.
manukartofanu wrote: »You get it right. At this stage, it is already a simple deflationary spiral.
It is more than just gold from thin air. It became a deflationary spiral the day that veteran active users (already have most of what they want) outnumbered newbie active users (have little of what they want).
The supply side outstrips the demand side. This can be addressed quite simply: Cut the number of people farming stuff to sell by 50% - I'll let you tell them which 50% they fall into.
manukartofanu wrote: »You get it right. At this stage, it is already a simple deflationary spiral.
It is more than just gold from thin air. It became a deflationary spiral the day that veteran active users (already have most of what they want) outnumbered newbie active users (have little of what they want).
The supply side outstrips the demand side. This can be addressed quite simply: Cut the number of people farming stuff to sell by 50% - I'll let you tell them which 50% they fall into.
They added massive amounts of gold sinks (scribing is a huge one) and banned a huge number of gold sellers, and also clawed back and deleted gold that had been acquired via RMT.
The amount of gold in game dramatically decreased. As did the amount of gold *in circulation*.
katanagirl1 wrote: »Yes, I agree. I don’t know about the PC market, but on PS even the three capital cities have traders I have never heard of and have little inventory.
katanagirl1 wrote: »Yes, I agree. I don’t know about the PC market, but on PS even the three capital cities have traders I have never heard of and have little inventory.
ON PS/NA, I am also seeing traders in capital cities with guild names I have never seen before.
Separately, my sales are down. Not a problem for me because I have gold banked, and I'm not spending it faster than it is coming in. But I can see where someone who is into something that uses lots of gold could be stressing over this game economy.
manukartofanu wrote: »If everything were that simple, the influx of players to events would drive prices up.
The gold sellers are a good point. They cause inflation since more gold is in the market, which is not due to actual player activity.
Do they though?
How much gold can a single gold seller generate in a day?
How many players are there?
What is the % of gold sellers to (real)players?
In the real world money is technically finite, but governments can print more to buy their own debt through QE, this increases inflation.
In ESO there is no debt, and no government prints money, BUT gold is not finite. Even just logging in to do the daily crafting quests generates ~3k of gold out of thin air.
Lets say there are 30,000 unique daily players - based off steam charts at a reasonable estimate of what other platforms/login methods there are.
Lets say that each player has an average of 3 characters, making a total of 90,000 characters who just do daily crafting quests.
90,000 characters x 3,000 gold = 270 million gold generated out of thin air simply by doing crafting quests.
Lets say 50% of the unique daily players do other things like dungeon runs, other dailies, trials etc, but only on one character.
A fair estimate for additional gold for a couple of hours play, selling just white gear drops and treasure and junk? Around 30,000 gold.
15,000 characters x 30,000 gold = 450 million gold generated. For four hours of play 900 million.
That imo is a conservative estimate. I do not see gold sellers even coming close to being able to farm and sell enough for them to have any significant impact unless they are making up a majority of the playerbase.
Necrotech_Master wrote: »so you want everything to become more expensive to buy again? got it lol
.....)
Zodiarkslayer wrote: »Compared to 9 months ago an ever higher amount of currency is in the game! Yet prices are a fraction of it. Explain that before you make any claims.
The guys selling high value items 9 months ago didn't disappear over night. And the gold they made is still in the game.
In fact, they are in the guilds that still hold the top spots of guild trading, because they still have mountains of gold that they are sitting on. Quite comfortably so.
The reason prices crashed is because the Gold Road Chapter was too weak to get enough new/returning players into the game, as a chapter release would normally do. Put that in context of massive influx of items due to anniversary box farming, ink farming and increased access barriers to participating in any aspect of guild trading and you get an idea of the cascading multiple effects that ultimately burst the speculation bubble.
That all was happening while the amount of ingame gold was steadily growing!
How people can still believe in this idea of amount of gold having any influence on prices in this game at all is beside me!
I guess there really is no I in denal, isn't there?
To answer the first question, Yes. Any amount of money injected into the market, which in this case, someone is buying the gold to spend it, will add to inflationary pressures.
Kelenan7368 wrote: »So in recent days there has been a lot of changes to the games economy resulting in a tanking of funds for everyone. In most recent of days it has caused 2 of my guilds to call it quits siting the economy.
So this is a plea to ZOS to please put scarcity back into the game and possibly the 30 day listing, if not that reduce the listing cost to half of what it was.
I have had these 2 guilds for years and for them to fail because that cant afford to keep going should be a red flag that the changes made are not good ones.
I personally am having a more difficult time maintaining a profit.
Please for the love of ZOS fix the economy!
To answer the first question, Yes. Any amount of money injected into the market, which in this case, someone is buying the gold to spend it, will add to inflationary pressures.
No gold is being "injected" into the market, it's merely being cycled. The gold the gold seller has, comes from selling things to players. No gold is being created.
Some of us who play every day don't circulate the gold either. There's just nothing much I need so the gold just sits there.
SilverIce58 wrote: »
SilverIce58 wrote: »
Because it's relevant to discussions of what's going on. These discussions tend to be more productive when people don't try to dismiss other people's contributions as irrelevant for manufactured reasons and gatekeep who is "qualified" to comment on their pet subject.