How strong do you think the ESO Economy is really?

yodased · February 2016

I think we could push out 300, MAYBE 350 1 time max.

Toxic_Hemlock · February 2016

I have no clue of the economy i never sold or traded anything in ESO.

^ to another player. I do trade with merchants and such, but due to my time constraints while playing I never bothered with a trading or other guild. I generally just play it as a single player rpg with constant updates and DLCs. The economy means almost nothing to me, however I would use an auction house or trading post if there was one due to getting higher prices than what you get from merchants.

Forestd16b14_ESO · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

When massive merchant guilds are in charge of it setting what ever over price they want..... yea it's heading no where fast.

Milvan · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

The lack of an mid-ground answer is disturbing, anyway I voted no because I don't think economy is very dinamic. It would be good if they made events to shake the economy a little bit like, for example, no Kuta drops for a week, or 300% materials required to craft all armors and weapons, etc etc.

samiz1 · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

ZOS Should focus on major bug first and fix them fast
(some bugs are here since beta => Cyro Lag + templar charge + Multiple mundus ...)

Wolfshead · February 2016

I have no clue of the economy i never sold or traded anything in ESO.

The i vote is for i well never again join a trader guild for the force people be active in selling item every day and i got kick for i was offline for few days for i was sick.

Honest i think Economy is very weak in ESO for simple fact the trader guild have monopoly on trader in ESO and i think the ESO would have alot more health economy if we have AH like WoW or SWTOR have for honest everyone should have right to sell item with or without be a guild this whole idea of only trader guild have right to sell item is really really FUBAR.

DanielMaxwell · February 2016

for those who have gold to spend it is fine , those with out it is bad .
only guildtraders seeing some movement of product , at what they consider acceptable prices, are the ones in the main locations , most other locations are barely getting more then vendor price after all fees are paid .

anitajoneb17_ESO · February 2016

DanielMaxwell wrote: »

for those who have gold to spend it is fine , those with out it is bad .
only guildtraders seeing some movement of product , at what they consider acceptable prices, are the ones in the main locations , most other locations are barely getting more then vendor price after all fees are paid .

For the same items ?
Just let me know where I can get Kuta for "barely more than vendor price" in a remote location and I will be more than happy to go buy them there.

I'm just quite fed up with people pretending that big guilds in trading hubs rule the game, while all they have to do is farm stuff that is demanded and put it for sale. Most of the times in remote locations all I see at guild traders' is 50 crappy white items that noone wants.
Oh wait, farming requires time ? Oh well...

Oldmanlawlor · February 2016

I'm not sure what's happening on Xbox, but no one would buy my full stacks of ancestors sold for 35k. So I took them down and sold them for 49k a stack, and people couldn't buy them fast enough

iamnotweakrwb17_ESO · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

anitajoneb17_ESO wrote: »

I'm just quite fed up with people pretending that big guilds in trading hubs rule the game, while all they have to do is farm stuff that is demanded and put it for sale. Most of the times in remote locations all I see at guild traders' is 50 crappy white items that noone wants.
Oh wait, farming requires time ? Oh well...

You can be fed up all you like. The reality is that big trading guilds DO set the economic price. They hold the bulk of the wealth in the game which gives them the bulk of the control over the public merchants. The public merchants is where most things are traded, especially those merchants within the major towns. The more the little man is shut out, the less money they have to throw around and buy things which is why the economy slows down. Guys like me have to 'save up" by going out grinding in order to have enough gold to buy anything from the damned vendors.

A currencies purpose is to facility the free flow of goods. The currency itself is unimportant. What matters is the "flow" of it. It's even in the language we use everyday and it goes right over the top of peoples heads.

Currency = Current sea. It quite literally means the current within the sea
The currency is stored within a "bank". Where is the Sea stored? Within the borders of a bank! The bank facilitates the flow of currency within its borders.
Bankrupt is when the river bank "ruptures" and the water escape. That's why its called Bank Rupt SEA.
When the flow of money within a bank seizes up it is called "insolvent" and needs to "liquidate" assets in order to get things flowing again.

Anything that stops flowing is considered "dead." When the water in a river becomes stagnant it is called "dead" water. If the blood flowing in your veins stops.. you're dead. If the electricity in your computer stops flowing.. it's dead. If two football teams stop passing the ball around, the game is over.

and you laughed when I told you everything is governed by universal law. The universe itself is the law or "word" made manifest. It is at the core of all religious doctrine on the planet but again goes completely over the top of peoples heads. Granted, this is largely because it is hidden in plain sight but never taught. This law can be broken down into two sub laws . Law of the land and law of the sea. Sound familiar? It should. The monetary system and legal system are based on it or rather, they are now complete perversions of it.

Marrtha · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

At times guild stores seem like a joke.

WalkingLegacy · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

Guild traders are like corporate America.

Most of the economy I would wager is sitting on the top 10% of guild traders.

System locks out and punishes new players.

Draxys · February 2016

what economy

Xellos77 · February 2016

I have no clue of the economy i never sold or traded anything in ESO.

iamnotweakrwb17_ESO wrote: »

anitajoneb17_ESO wrote: »

I'm just quite fed up with people pretending that big guilds in trading hubs rule the game, while all they have to do is farm stuff that is demanded and put it for sale. Most of the times in remote locations all I see at guild traders' is 50 crappy white items that noone wants.
Oh wait, farming requires time ? Oh well...

You can be fed up all you like. The reality is that big trading guilds DO set the economic price. They hold the bulk of the wealth in the game which gives them the bulk of the control over the public merchants. The public merchants is where most things are traded, especially those merchants within the major towns. The more the little man is shut out, the less money they have to throw around and buy things which is why the economy slows down. Guys like me have to 'save up" by going out grinding in order to have enough gold to buy anything from the damned vendors.

A currencies purpose is to facility the free flow of goods. The currency itself is unimportant. What matters is the "flow" of it. It's even in the language we use everyday and it goes right over the top of peoples heads.

Currency = Current sea. It quite literally means the current within the sea
The currency is stored within a "bank". Where is the Sea stored? Within the borders of a bank! The bank facilitates the flow of currency within its borders.
Bankrupt is when the river bank "ruptures" and the water escape. That's why its called Bank Rupt SEA.
When the flow of money within a bank seizes up it is called "insolvent" and needs to "liquidate" assets in order to get things flowing again.

Anything that stops flowing is considered "dead." When the water in a river becomes stagnant it is called "dead" water. If the blood flowing in your veins stops.. you're dead. If the electricity in your computer stops flowing.. it's dead. If two football teams stop passing the ball around, the game is over.

and you laughed when I told you everything is governed by universal law. The universe itself is the law or "word" made manifest. It is at the core of all religious doctrine on the planet but again goes completely over the top of peoples heads. Granted, this is largely because it is hidden in plain sight but never taught. This law can be broken down into two sub laws . Law of the land and law of the sea. Sound familiar? It should. The monetary system and legal system are based on it or rather, they are now complete perversions of it.

Capitalism. Nothing more, nothing less. Third time I've said it now.

Starting to go a little out there in left field with the Universal truth angle, but I see the point.. no matter how long winded.

As someone mentioned, even "big unfeeling dirty monopoly trader guilds" are bound by capitalism. Set the price too high? Some may bite, but you aren't moving goods. Supply and demand, right? Kind of, yes.. but based on need and want. Everything in ESO is a want and not a need. So it's a skewed sort of capitalism but one that itself has checks and balances.

Besides, these big monstrous trader guilds put in a lot of organization to stay at the top. Why shouldn't they reap the rewards? I am not part, was never part of, nor will I ever be part of, a trader guild. But.. I wouldn't call it unfair. They work on different goals in ESO. That's it.

WalkingLegacy · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

Xellos77 wrote: »

iamnotweakrwb17_ESO wrote: »

anitajoneb17_ESO wrote: »

I'm just quite fed up with people pretending that big guilds in trading hubs rule the game, while all they have to do is farm stuff that is demanded and put it for sale. Most of the times in remote locations all I see at guild traders' is 50 crappy white items that noone wants.
Oh wait, farming requires time ? Oh well...

You can be fed up all you like. The reality is that big trading guilds DO set the economic price. They hold the bulk of the wealth in the game which gives them the bulk of the control over the public merchants. The public merchants is where most things are traded, especially those merchants within the major towns. The more the little man is shut out, the less money they have to throw around and buy things which is why the economy slows down. Guys like me have to 'save up" by going out grinding in order to have enough gold to buy anything from the damned vendors.

A currencies purpose is to facility the free flow of goods. The currency itself is unimportant. What matters is the "flow" of it. It's even in the language we use everyday and it goes right over the top of peoples heads.

Currency = Current sea. It quite literally means the current within the sea
The currency is stored within a "bank". Where is the Sea stored? Within the borders of a bank! The bank facilitates the flow of currency within its borders.
Bankrupt is when the river bank "ruptures" and the water escape. That's why its called Bank Rupt SEA.
When the flow of money within a bank seizes up it is called "insolvent" and needs to "liquidate" assets in order to get things flowing again.

Anything that stops flowing is considered "dead." When the water in a river becomes stagnant it is called "dead" water. If the blood flowing in your veins stops.. you're dead. If the electricity in your computer stops flowing.. it's dead. If two football teams stop passing the ball around, the game is over.

and you laughed when I told you everything is governed by universal law. The universe itself is the law or "word" made manifest. It is at the core of all religious doctrine on the planet but again goes completely over the top of peoples heads. Granted, this is largely because it is hidden in plain sight but never taught. This law can be broken down into two sub laws . Law of the land and law of the sea. Sound familiar? It should. The monetary system and legal system are based on it or rather, they are now complete perversions of it.

Capitalism. Nothing more, nothing less. Third time I've said it now.

Starting to go a little out there in left field with the Universal truth angle, but I see the point.. no matter how long winded.

As someone mentioned, even "big unfeeling dirty monopoly trader guilds" are bound by capitalism. Set the price too high? Some may bite, but you aren't moving goods. Supply and demand, right? Kind of, yes.. but based on need and want. Everything in ESO is a want and not a need. So it's a skewed sort of capitalism but one that itself has checks and balances.

Besides, these big monstrous trader guilds put in a lot of organization to stay at the top. Why shouldn't they reap the rewards? I am not part, was never part of, nor will I ever be part of, a trader guild. But.. I wouldn't call it unfair. They work on different goals in ESO. That's it.

What's unfair is the new player who is locked out of trading. They shouldn't have to jump through hoops to sell things and they shouldn't have to dirty their knees to get into a top guild trader guild.

demendred · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

The horse has been beaten into a liquid paste like substance.

Xellos77 · February 2016

I have no clue of the economy i never sold or traded anything in ESO.

WalkingLegacy wrote: »

Xellos77 wrote: »

iamnotweakrwb17_ESO wrote: »

anitajoneb17_ESO wrote: »

I'm just quite fed up with people pretending that big guilds in trading hubs rule the game, while all they have to do is farm stuff that is demanded and put it for sale. Most of the times in remote locations all I see at guild traders' is 50 crappy white items that noone wants.
Oh wait, farming requires time ? Oh well...

You can be fed up all you like. The reality is that big trading guilds DO set the economic price. They hold the bulk of the wealth in the game which gives them the bulk of the control over the public merchants. The public merchants is where most things are traded, especially those merchants within the major towns. The more the little man is shut out, the less money they have to throw around and buy things which is why the economy slows down. Guys like me have to 'save up" by going out grinding in order to have enough gold to buy anything from the damned vendors.

A currencies purpose is to facility the free flow of goods. The currency itself is unimportant. What matters is the "flow" of it. It's even in the language we use everyday and it goes right over the top of peoples heads.

Currency = Current sea. It quite literally means the current within the sea
The currency is stored within a "bank". Where is the Sea stored? Within the borders of a bank! The bank facilitates the flow of currency within its borders.
Bankrupt is when the river bank "ruptures" and the water escape. That's why its called Bank Rupt SEA.
When the flow of money within a bank seizes up it is called "insolvent" and needs to "liquidate" assets in order to get things flowing again.

Anything that stops flowing is considered "dead." When the water in a river becomes stagnant it is called "dead" water. If the blood flowing in your veins stops.. you're dead. If the electricity in your computer stops flowing.. it's dead. If two football teams stop passing the ball around, the game is over.

and you laughed when I told you everything is governed by universal law. The universe itself is the law or "word" made manifest. It is at the core of all religious doctrine on the planet but again goes completely over the top of peoples heads. Granted, this is largely because it is hidden in plain sight but never taught. This law can be broken down into two sub laws . Law of the land and law of the sea. Sound familiar? It should. The monetary system and legal system are based on it or rather, they are now complete perversions of it.

Capitalism. Nothing more, nothing less. Third time I've said it now.

Starting to go a little out there in left field with the Universal truth angle, but I see the point.. no matter how long winded.

As someone mentioned, even "big unfeeling dirty monopoly trader guilds" are bound by capitalism. Set the price too high? Some may bite, but you aren't moving goods. Supply and demand, right? Kind of, yes.. but based on need and want. Everything in ESO is a want and not a need. So it's a skewed sort of capitalism but one that itself has checks and balances.

Besides, these big monstrous trader guilds put in a lot of organization to stay at the top. Why shouldn't they reap the rewards? I am not part, was never part of, nor will I ever be part of, a trader guild. But.. I wouldn't call it unfair. They work on different goals in ESO. That's it.

What's unfair is the new player who is locked out of trading. They shouldn't have to jump through hoops to sell things and they shouldn't have to dirty their knees to get into a top guild trader guild.

How exactly are new players locked out of trading? Educate me, please.

If a large trader guild has space for a newcomer and a prime location to sell things, it's fair to ask a tithe to secure said location. Most often this requested tithe is a pittance compared to what one actually makes (avg. of about 5k per week, right?). I fail to see how folks are "locked out". Now, new and upcoming trader GUILDS.. yes. They may have some trouble with startup. Single players? Nah. Search the forums here and on reddit and see open recruitment posted at all times.

I fail to see how paying 5k per week is "dirtying your knees" in order to make bank, but hey, some people just hate capitalism.

WalkingLegacy · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

Xellos77 wrote: »

WalkingLegacy wrote: »

Xellos77 wrote: »

iamnotweakrwb17_ESO wrote: »

anitajoneb17_ESO wrote: »

I'm just quite fed up with people pretending that big guilds in trading hubs rule the game, while all they have to do is farm stuff that is demanded and put it for sale. Most of the times in remote locations all I see at guild traders' is 50 crappy white items that noone wants.
Oh wait, farming requires time ? Oh well...

You can be fed up all you like. The reality is that big trading guilds DO set the economic price. They hold the bulk of the wealth in the game which gives them the bulk of the control over the public merchants. The public merchants is where most things are traded, especially those merchants within the major towns. The more the little man is shut out, the less money they have to throw around and buy things which is why the economy slows down. Guys like me have to 'save up" by going out grinding in order to have enough gold to buy anything from the damned vendors.

A currencies purpose is to facility the free flow of goods. The currency itself is unimportant. What matters is the "flow" of it. It's even in the language we use everyday and it goes right over the top of peoples heads.

Currency = Current sea. It quite literally means the current within the sea
The currency is stored within a "bank". Where is the Sea stored? Within the borders of a bank! The bank facilitates the flow of currency within its borders.
Bankrupt is when the river bank "ruptures" and the water escape. That's why its called Bank Rupt SEA.
When the flow of money within a bank seizes up it is called "insolvent" and needs to "liquidate" assets in order to get things flowing again.

Anything that stops flowing is considered "dead." When the water in a river becomes stagnant it is called "dead" water. If the blood flowing in your veins stops.. you're dead. If the electricity in your computer stops flowing.. it's dead. If two football teams stop passing the ball around, the game is over.

and you laughed when I told you everything is governed by universal law. The universe itself is the law or "word" made manifest. It is at the core of all religious doctrine on the planet but again goes completely over the top of peoples heads. Granted, this is largely because it is hidden in plain sight but never taught. This law can be broken down into two sub laws . Law of the land and law of the sea. Sound familiar? It should. The monetary system and legal system are based on it or rather, they are now complete perversions of it.

Capitalism. Nothing more, nothing less. Third time I've said it now.

Starting to go a little out there in left field with the Universal truth angle, but I see the point.. no matter how long winded.

As someone mentioned, even "big unfeeling dirty monopoly trader guilds" are bound by capitalism. Set the price too high? Some may bite, but you aren't moving goods. Supply and demand, right? Kind of, yes.. but based on need and want. Everything in ESO is a want and not a need. So it's a skewed sort of capitalism but one that itself has checks and balances.

Besides, these big monstrous trader guilds put in a lot of organization to stay at the top. Why shouldn't they reap the rewards? I am not part, was never part of, nor will I ever be part of, a trader guild. But.. I wouldn't call it unfair. They work on different goals in ESO. That's it.

What's unfair is the new player who is locked out of trading. They shouldn't have to jump through hoops to sell things and they shouldn't have to dirty their knees to get into a top guild trader guild.

How exactly are new players locked out of trading? Educate me, please.

If a large trader guild has space for a newcomer and a prime location to sell things, it's fair to ask a tithe to secure said location. Most often this requested tithe is a pittance compared to what one actually makes (avg. of about 5k per week, right?). I fail to see how folks are "locked out". Now, new and upcoming trader GUILDS.. yes. They may have some trouble with startup. Single players? Nah. Search the forums here and on reddit and see open recruitment posted at all times.

I fail to see how paying 5k per week is "dirtying your knees" in order to make bank, but hey, some people just hate capitalism.

That's a big if, and that new player doesn't make their sell quota how fast are they kicked?

iamnotweakrwb17_ESO · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

Xellos77 wrote: »

Capitalism. Nothing more, nothing less. Third time I've said it now.

Starting to go a little out there in left field with the Universal truth angle, but I see the point.. no matter how long winded.

As someone mentioned, even "big unfeeling dirty monopoly trader guilds" are bound by capitalism. Set the price too high? Some may bite, but you aren't moving goods. Supply and demand, right? Kind of, yes.. but based on need and want. Everything in ESO is a want and not a need. So it's a skewed sort of capitalism but one that itself has checks and balances.

Besides, these big monstrous trader guilds put in a lot of organization to stay at the top. Why shouldn't they reap the rewards? I am not part, was never part of, nor will I ever be part of, a trader guild. But.. I wouldn't call it unfair. They work on different goals in ESO. That's it.

I'll put it to you this way... 62 people presently hold half the worlds wealth. How did those 62 people acquire it? Is it fair that the majority of the world lives in poverty while these 62 sit on half the planets wealth. When you see those adds to donate to those starving kids in Africa, do you think of those 62 people? Why aren't they donating? How much wealth do you think those 62 people will have in 10 years.. or 20 years. What happens when they have ALL the worlds wealth?

Xellos77 · February 2016

I have no clue of the economy i never sold or traded anything in ESO.

WalkingLegacy wrote: »

Xellos77 wrote: »

WalkingLegacy wrote: »

Xellos77 wrote: »

iamnotweakrwb17_ESO wrote: »

anitajoneb17_ESO wrote: »

I'm just quite fed up with people pretending that big guilds in trading hubs rule the game, while all they have to do is farm stuff that is demanded and put it for sale. Most of the times in remote locations all I see at guild traders' is 50 crappy white items that noone wants.
Oh wait, farming requires time ? Oh well...

You can be fed up all you like. The reality is that big trading guilds DO set the economic price. They hold the bulk of the wealth in the game which gives them the bulk of the control over the public merchants. The public merchants is where most things are traded, especially those merchants within the major towns. The more the little man is shut out, the less money they have to throw around and buy things which is why the economy slows down. Guys like me have to 'save up" by going out grinding in order to have enough gold to buy anything from the damned vendors.

A currencies purpose is to facility the free flow of goods. The currency itself is unimportant. What matters is the "flow" of it. It's even in the language we use everyday and it goes right over the top of peoples heads.

Currency = Current sea. It quite literally means the current within the sea
The currency is stored within a "bank". Where is the Sea stored? Within the borders of a bank! The bank facilitates the flow of currency within its borders.
Bankrupt is when the river bank "ruptures" and the water escape. That's why its called Bank Rupt SEA.
When the flow of money within a bank seizes up it is called "insolvent" and needs to "liquidate" assets in order to get things flowing again.

Anything that stops flowing is considered "dead." When the water in a river becomes stagnant it is called "dead" water. If the blood flowing in your veins stops.. you're dead. If the electricity in your computer stops flowing.. it's dead. If two football teams stop passing the ball around, the game is over.

and you laughed when I told you everything is governed by universal law. The universe itself is the law or "word" made manifest. It is at the core of all religious doctrine on the planet but again goes completely over the top of peoples heads. Granted, this is largely because it is hidden in plain sight but never taught. This law can be broken down into two sub laws . Law of the land and law of the sea. Sound familiar? It should. The monetary system and legal system are based on it or rather, they are now complete perversions of it.

Capitalism. Nothing more, nothing less. Third time I've said it now.

Starting to go a little out there in left field with the Universal truth angle, but I see the point.. no matter how long winded.

As someone mentioned, even "big unfeeling dirty monopoly trader guilds" are bound by capitalism. Set the price too high? Some may bite, but you aren't moving goods. Supply and demand, right? Kind of, yes.. but based on need and want. Everything in ESO is a want and not a need. So it's a skewed sort of capitalism but one that itself has checks and balances.

Besides, these big monstrous trader guilds put in a lot of organization to stay at the top. Why shouldn't they reap the rewards? I am not part, was never part of, nor will I ever be part of, a trader guild. But.. I wouldn't call it unfair. They work on different goals in ESO. That's it.

What's unfair is the new player who is locked out of trading. They shouldn't have to jump through hoops to sell things and they shouldn't have to dirty their knees to get into a top guild trader guild.

How exactly are new players locked out of trading? Educate me, please.

If a large trader guild has space for a newcomer and a prime location to sell things, it's fair to ask a tithe to secure said location. Most often this requested tithe is a pittance compared to what one actually makes (avg. of about 5k per week, right?). I fail to see how folks are "locked out". Now, new and upcoming trader GUILDS.. yes. They may have some trouble with startup. Single players? Nah. Search the forums here and on reddit and see open recruitment posted at all times.

I fail to see how paying 5k per week is "dirtying your knees" in order to make bank, but hey, some people just hate capitalism.

That's a big if, and that new player doesn't make their sell quota how fast are they kicked?

Sure, if they are trying to sell junk or aren't actually filling the role of a trader. If we're talking someone who cannot pay 5k per week and make adequate money above and beyond that, maybe they would do better selling their odds and ends via multimedia contact with others (which works).

The speed in which they are kicked I suppose is dependent on that guild's policy. Do I think shady stuff goes on in terms of big payout raffles and such? Sure. I'm not stupid. Again, capitalism. But in terms of "the little guy" trader.. if I can't make a lousy 5k per week (which can be made in just stealing really, really fast) then I need to ask myself: what kind of a trader am I? And what kind of crap am I trying to peddle?

Xellos77 · February 2016

I have no clue of the economy i never sold or traded anything in ESO.

iamnotweakrwb17_ESO wrote: »

Xellos77 wrote: »

Capitalism. Nothing more, nothing less. Third time I've said it now.

Starting to go a little out there in left field with the Universal truth angle, but I see the point.. no matter how long winded.

As someone mentioned, even "big unfeeling dirty monopoly trader guilds" are bound by capitalism. Set the price too high? Some may bite, but you aren't moving goods. Supply and demand, right? Kind of, yes.. but based on need and want. Everything in ESO is a want and not a need. So it's a skewed sort of capitalism but one that itself has checks and balances.

Besides, these big monstrous trader guilds put in a lot of organization to stay at the top. Why shouldn't they reap the rewards? I am not part, was never part of, nor will I ever be part of, a trader guild. But.. I wouldn't call it unfair. They work on different goals in ESO. That's it.

I'll put it to you this way... 62 people presently hold half the worlds wealth. How did those 62 people acquire it? Is it fair that the majority of the world lives in poverty while these 62 sit on half the planets wealth. When you see those adds to donate to those starving kids in Africa, do you think of those 62 people? Why aren't they donating? How much wealth do you think those 62 people will have in 10 years.. or 20 years. What happens when they have ALL the worlds wealth?

Okay, see now we're blending real world problems into MMO banter. I should've known better to interject with the Universal truth stuff you ran away with.. but, I'm already in so..

Let's leave it at this: We are arguing over the economy so it exists. For good or bad, there it is. People by and people sell. You don't like the prices? Don't buy it. Go farm for it. Don't want to farm it? Go buy it. Don't like either option? ESO, and most MMOs, may not be for you.

iamnotweakrwb17_ESO · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

You think eso, because it is an MMO works any different to the real world monetary system? Humans are trained to see everything as separate. The reality is that everything is just different flavors of the same thing.

The OP's initial question was whether or not people thought eso's economy is fine, not fine or not enough experience to form an opinion. I, along with others, have articulated the reason why eso's economy is failing and will continue to fail. If Zenimax ever wishes to implement a true free market capitalistic economy they need to ditch the gated bidding process and introduce a true networked auction house system where everyone can buy or sell goods at their discretion without having to join guilds just to do so.

That's the reality of it. Eso's economy will splutter receiving short bursts of renewed vigor only as new tradeable sets are released and people muster up enough patience to suffer the coin grind.

Oreyn_Bearclaw · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

I haven't even read all the posts, but I am sure BoP is a hot topic and for good reasons. I used to make gold by running the content I loved (trials, vet dungeons, DSA) and selling the gear I didnt need. That is simply not possible with the current state of the game, which is maddening. Making serious gold at this point requires one of 2 things: Arbitrage (AKA flipping valuable items) or Farming. Farming comes in many forms whether its running around wrothgar for mats, gathering stones in IC, or plundering/stealing from every chest you see, but its still a grind. Making money is now a separate activity that most be undertaken, and IMO, that is a bad state of things.

Oreyn_Bearclaw · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

I will also chime in on the trading guild "monoploly" issue as well. Arguments about real world income equality aside, I think the problem is being over stated to some degree. I am actually against a universal auction house. Everything would become a commodity and it would eliminate the possibility of finding a good deal or flipping items. I personally enjoy the hunt and the sale.

I am in a fairly large guild with Mournhold trader on EP NA. I have never for one second felt pressured to price things high or low. If I want to sell something, I make sure it is priced slightly cheaper than the best deal I can find. There are absolutely certain guilds that consistently have higher prices than others. That's okay, because there are 5 other traders within 10 feet. Anybody that buys things from a trader without checking out the competition is a bad consumer. It's hard to have a lot of sympathy for them.

The problem isn't the traders, its the lack of desirable items to sell,

NewBlacksmurf · February 2016

Yes, I Believe that the ESO economy is doing well & going strong.

I've noticed that a lot of people attempt to discuss economy in comparison to other MMO games that as of this time...most have some sort of global auction house. This doesn't so I think unless we can see from a ZOS point of view, all of our ideas are flawed.

Either way.....
I am in two Guilds now and have jumped in and out of a few on console and PC. (This is based on Xbox One - NA server)
-Each week I get a few Guild invites...and the two I'm active in (one is a PvE guild and the other seems to be a trading guild)
-We are DC and AD factions
-We are asked to donate 2-3k a week for traders and that drives your access to sale goods in these guilds weekly.

-I just do quests and sometimes I join the weekly Trial or do randoms with Guild or PUgs.
-I have sold over 150 items int he last month which range from food, glyphs, motif, random gear
-I also purchase food, reagents, etc as needed weekly from my guild and other traders.

I definitely see anywhere from $60k - $200k per month go in and out of my own spending/profits.
I'd suggest that in that limited view as a casual, it suggests the economy is pretty healthy.

I can only imagine what is going on in the more competitive guilds, that are huge and have traders in major cities where the Undaunted quests are located.

Cherryblossom · February 2016

Xellos77 wrote: »

Cherryblossom wrote: »

I don't believe any economy can be strong if the selling of goods is limited, like it is in ESO. Due to the Guild Trader system, there is a finite number of sellers to the Community, about 70,000 people maximum are able to sell to the comunity.

Whilst there is such a restriction on being able to sell there will never be a thriving economy.

My calculation above also doesn't take into account the ball ache of trying to buy!

The Guild System is only good for those that are already in the Trade Guilds in Choice places, which now monopolise and fix the prices of items.

Which is interesting when you think about it. ESO is really a demonstration of capitalism at it's finest. The highest-tiered trading guilds acquire the best spots and can pretty much set the prices. Also, they can work together to muscle-out up and comers on the play field. Mind you, I don't think that anything is wrong with this system; if a guild and it's members want to work hard and be extremely organized (sacrificing other ESO play time) then they deserve their spots. It does make it hard for newer growing guilds who want to focus on trading to get a foothold, but even large/successful trading guilds get old and die out.

People sell and people buy. Therefore, there is an economy. As a former guildmaster, we opted not to use a guild trader and instead relied on multimedia for our transactions: PSN communities, FB, etc. Were we rolling in the millions? No. But members got to sell what they wanted and we didn't need to mitigate the costs of a trader. It was almost like an underground movement

It is a game, and it's a game that excludes the majority of the community from Selling items.

Would prices be cheaper if anyone could sell, yes, because there would be more competition.

Market prices are determined by supply and demand, this is not the case in ESO I see many items that have not changed price at all in a year yet there are millions of listings and many of these items never sell, but still get put up again and again with the seller knowing that at some point someone will pay that overpriced value as they have a choice of spending 3 hours traveling around tamerial or pay the price.

I maintain that this is a game and the game mechanic actually excludes the majority of players from selling to the community. This is what I disagree with, the majority of people who actually belong to big trade guilds will disagree as they will lose their monopoly if everyone was on an equal footing when it came to selling.

I also maintain if we have a position where everyone could sell to the community, we would have a more dynamic economy and a lot more variety of items to buy.

So no I do not think we have a good economy and I refute the fact that this is indeed a demonstration of Capitalism, as we do not have a free market where anyone can enter it.... Point of reference if I was a farmer, I could sell my produce to anyone, I would not need too belong to a guild...

Acrolas · February 2016

All economies are strong (expansion) and weak (contraction) in cycles. Problems arise when you think that a weak economy is a problem, because it's not. It is merely a part of a larger economy cycle. The reason people see it as weak, though, is because they had so much fun spending that they forgot to save for when the contraction came.

An economy that expands and contracts at interval is a strong economy. An economy that forces itself into unnaturally long periods of expansion will often face unnaturally long periods of contraction after the meddling is done and over. And it's really hard to save ahead for a long contraction, as some people selling just certain commodities in-game should be realizing by now. If you don't save and wait, you have to adapt somehow.

Heindrich · February 2016

I couldn't really select any of your options because 1) is too positive and 2) is too negative.

I have actual statistical records of sales in the top trade guilds on the EU-PC server over the last few months...

In summary the economy isn't too bad, it's still above pre-Imperial City levels, although it has declined significantly from the highs of the Imperial City boom, when my guild sold 240M in one week and 40M+ in one day, records that I suspect will never be beaten unless there is rampant inflation in the economy at some point (which would be a bad thing).

On the other hand the economy is not healthy either. There is nothing you can buy aside from Akaviri Motifs with AP and most PvE sets are BoP. This means that even elite PvE'ers and PvP'ers are dirt poor. The only truly rich players are farmers and traders... but the super-rich like me have nothing to spend our gold on because there is no super-premium market. Nothing costs millions of gold.

lonewolf26 · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

The proliferation of bind on pickup items coupled with the inflating costs of legendary crafting materials is taking its toll upon us raiders. Trial raiders have enormous costs in gearing up, and purchasing materials for high-level potions and food. The old trials no longer drop gear anyone wants as it is so far under level. All the new trial loot is bind on pickup. I feel this economic bubble will burst real soon if we don't get a few new sets that can be sold (not just several updated ones).

DanielMaxwell · February 2016

anitajoneb17_ESO wrote: »

DanielMaxwell wrote: »

for those who have gold to spend it is fine , those with out it is bad .
only guildtraders seeing some movement of product , at what they consider acceptable prices, are the ones in the main locations , most other locations are barely getting more then vendor price after all fees are paid .

For the same items ?
Just let me know where I can get Kuta for "barely more than vendor price" in a remote location and I will be more than happy to go buy them there.

I'm just quite fed up with people pretending that big guilds in trading hubs rule the game, while all they have to do is farm stuff that is demanded and put it for sale. Most of the times in remote locations all I see at guild traders' is 50 crappy white items that noone wants.
Oh wait, farming requires time ? Oh well...

I'm not going to do the leg work for you get out there and search every trader everyday until you catch that deal , and make sure you search all of the remote guildtraders or you will miss it and somebody from one of the main trade guilds will find it and relist for a huge profit. If you are unwilling to do that then pay the higher prices or do not use the guildtrader kiosks .