Curse

foo · Mar 19, 2009, 12:52 PM // 12:52

Quote:

Originally Posted by zwei2stein

a) was already attempted (Chaos gloves) as was proven to be insufficient, mostly because all ecto sinks have finite capacity per player.

How interesting would it be to add a collector who'll give a conset for each ecto?

Just a random thought. no real chance of something like that happening.

Rice · Mar 19, 2009, 01:06 PM // 13:06

You might be able to raise the price for a short time, but it wont change anything in the long term The demand for ectos is just not as high as it used to, mainly because there is nothing really left to buy in the game that requires massive amount of ectos (rare minis exception, but there is only so many of them). If you want to see the ecto price go back up, Anet needs to nerf a few of these farms or introduce new skins/tonics/pets.

Damian979 · Mar 19, 2009, 01:19 PM // 13:19

Does Obama play GW? An "Ectonomic stimulus package" would fail just as hard as an economic stimulus package does. Quick temporary band aid isn't going to fix the root of the problem.

Aldric · Mar 19, 2009, 02:13 PM // 14:13

To be honest , your 9 million would have little or no lasting effect on the economy since its not a particularly large amount of money - approx 2000-2200ectos? Look at High end forum and see how often that gets bid for a single item.

If you dont want the money go find someone to give it to.

zwei2stein · Mar 19, 2009, 02:21 PM // 14:21

Quote:

Originally Posted by foo

How interesting would it be to add a collector who'll give a conset for each ecto?

Just a random thought. no real chance of something like that happening.

UWSC run "costs" one conset. But UWSC run produces at least 8 new ectoes for economy.

That is not exactly ecto sink. Not by far.

romeus petrus · Mar 19, 2009, 02:25 PM // 14:25

Quote:

Originally Posted by zwei2stein

UWSC run "costs" one conset. But UWSC run produces at least 8 new ectoes for economy.

That is not exactly ecto sink. Not by far.

Consets are used for far more than just UWSC as Im sure you know.

Raven Wing · Mar 19, 2009, 02:35 PM // 14:35

As already stated I think it would take LOTS more than a few million gc to make a lasting impact. You would also have to fight the"leechers" who start buying up ectos from trader at, say 4600 ea a few days before you start the action, and then resell them as price raises above 5k from your struggling. So, unless you have way over 100million gc I think all it would do is channelling your money to the pockets of some sneaky traders.
It is IMO only Anet who has the power to change the situation, that would be by creating more ecto sinks like the FOW armor and chaos gloves, or by nerfing all kinds of UWSC.
Is it desirable? Not to me, with my 50 ectos in storage, I dont care much if they are worth 200k or 250k or 300k. To the average player who has less than 50 ecto or no ecto at all? It doesnt matter much to them, they might desire ecto price to drop to 1k so they could get chaos gloves easier. It is only rich players with stacks of ecto that would really benefit from raised price. And then, of course the UWSC people.

So I say, feel free to do your thing with your 9M, but it would have same effect as giving to random newbs in ascalon or drop on the ground in some explorable area.

foo · Mar 19, 2009, 02:37 PM // 14:37

Quote:

Originally Posted by zwei2stein

UWSC run "costs" one conset. But UWSC run produces at least 8 new ectoes for economy.

That is not exactly ecto sink. Not by far.

The fact that we have a 100% success rate in UW, getting every run done in under 30 minutes, doesn't mean everyone does...

tmakinen · Mar 19, 2009, 02:59 PM // 14:59

I can think of several new ways to get rid of any surplus ectos ...

new chaos armor pieces
weapon crafter for chaos weapons of all types
chaos miniatures / tonics etc. bling
ecto lottery (like Z-chest or Coffer of Whispers)

These just off the top of my head, I'm sure that the community could suggest others

REDdelver · Mar 19, 2009, 03:00 PM // 15:00

"PULL!!!!!" *click click* ya know im getting tired of this shotgun misfiring. Oh wait ..what are we talking about?

Its truly amazing at a time like this someone comes up with an "economic bailout" idea that mirrors what happens in real life. Here you are sitting a nice chunk of money compared to 80-90%+(might be higher actually) of GW players. So essensiallly you are rich. And what do most rich people do, try to obtain more wealth. Go ahead, buy your ecto's now at a bargain price. Try to force Economy God's hand to raise the value after you have bought so many. Go ahead, sit on all your ecto's. Check back in when they are a higher value, sell sell sell sell. Flood the market! Then have another thread like this. Ohhh im bored and quitting...I have now 12million that i dont know what to do with. Repeat and Rinse..Repeat and Rinse.

Wait..what does that do. It just gains more wealth for you, and makes its harder for the average guild wars player to obtain that one set of nice armor that they've been working towards. Seems to me you are "so" rich (not really) that you dont know what to spend your money on.
THE RICH GET RICHER...and the poor get...well are just SOL.

Im not saying this will happen in GW, but this is the crap that has killed today's real-life economy. Some people are never satisfied with their pesonal gain. Personal gain > others. The fact is...you can still be wealthy/rich/whatever and have a profound affect on others who are poor.

Whether it actually works or not remains to be seen? But why should you/the next person care right? Its just a game?

I'm going back to my clay pigeons. Please stop throwing lame ducks into my rotation.

P.S. I forgot. You could learn from a player named Fluf Fluff. I dont know where he gets his/her money from nor do i care. But for many days there he/she was giving away 2-300,000+ gold a night away to random people. Theres been plenty of others like that. Kudos to all who do such a thing.

_Nihilist_ · Mar 19, 2009, 03:08 PM // 15:08

Quote:

Originally Posted by foo

The fact that we have a 100% success rate in UW, getting every run done in under 30 minutes, doesn't mean everyone does...

Still, foo, look at what that means. If just ONE UWSC is a success, and you used 1 conset to achieve this, that's still a 1:8 rate of return. That means that for every successful UWSC, 7 others can fail and the supply of Ecto hasn't changed at all.

The idea to give the cash/Ecto to random players doesn't work either, because that keeps the gold/Ecto in the market/economy. Sure, some of the resulting spread wealth will be spent in a manner that classifies as a Gold Sink (armor, ID kits, Salvage kits, cons, etc.) but a fat chunk of it would probably wind up going to Player2Player trades for weapons and the like, and any P2P transaction only moves the available resources, it doesn't destroy them or get them out of circulation in any way.

The GW economy doesn't need a bailout. It's not in a recession. IT'S NOT REAL.

Nothing in GW can BREAK, which is part of the problem. Once you make some Armor or obtain a Weapon/Offhand, it's here to stay. -50hp Grim Cestas don't magically wear out and disappear because someone used them to 55 one too many times. My oldschool Chaos Axes aren't going to explode because I hacked one too many mobs to pieces using [[Cleave] or [[Eviscerate]. As such, there is an ever-growing supply, which means demand will continually reduce.

I, for one, thought that having no need to repair weapons and armor was absolutely awesome when I first started playing GW. I had to do repairs in Diablo and Diablo II, I have friends that have to do repairs in WoW, and sometimes it sucks, because expensive gear is expensive to fix... but then you look at it for what it is - a Gold Sink. It's something that HAS to be done for you to maintain your Armor and Weapons of Uber1337-Godliness, and in doing so it shunts gold out of the system, away from players' greedy, grubby little hands so that things can't be hoarded as easily.

You want to affect Ecto prices? Make Ecto temporary. Ectoplasm, after all, is a "ghostly" material, why shouldn't it fade away if you keep it sitting around collecting dust in your Xunlai?

This would increase the price for Ecto because it's a temporary item. Let it sit too long (and I'm not sure what a "fair" timeframe would be - this is a partial suggestion) and it goes "POOF". You have a limited time to gather your Ecto and then use it to craft your Obsidian Armor or your Chaos Gloves. Then players couldn't sit on stack upon stack of Ecto.

Yes, that would be unfair. People who worked hard for their Ecto since day one of release would pitch a FIT if this were implemented, but nothing is going to change the "GW Economy" unless it's something DRASTIC. It's been far to easy of a system to begin with - all the perks, none of the drawbacks.

No, I don't ENDORSE the idea I just shared, or WANT it to happen - again, just a suggestion of the scope of what would have to happen for something to honestly change.

This means everyone needs to get a tissue, dry their tears about being poor, and get logged in so you can earn some money - cuz ANet isn't going to give you an easy way out. Period.

my $0.02...

Quote:

Originally Posted by REDdelver

P.S. I forgot. You could learn from a player named Fluf Fluff. I dont know where he gets his/her money from nor do i care. But for many days there he/she was giving away 2-300,000+ gold a night away to random people. Theres been plenty of others like that. Kudos to all who do such a thing.

While I agree that Fluf Fluff was VERY generous (tons of money just given away - the thread was amazing) it doesn't solve any "Economy" problems. It just causes lazy players to run rampant. Why? Because why should they WORK for their in-game cash? Fluf Fluff or some other patron will just Welfare it to them.

Nice gesture, I'm not knocking Fluf Fluff - they can do what they want to with their in-game cash and from what I saw in that Thread, FF is just a very, very generous person (kudos) - but that doesn't do a damn thing to better the GW economy. It's GW Welfare or GW Socialism, take your pick. Players who cba to earn money on their own now have the idiotic idea that players who have worked hard for their personal fortunes should now just "hand it over becuz Fluf Fluff did it" and have now become the underbelly of GW - the beggars and lazy idlers.

It also doesn't push demand for anything higher. Redistribution of the supply of wealth doesn't mean that supply got any lower, it just got spread out.

Eragon Zarroc · Mar 19, 2009, 03:22 PM // 15:22

u would have to get a few people to buy out ectos faster than people selling em to merchants when the prices rise, gl

therangereminem · Mar 19, 2009, 03:51 PM // 15:51

Quote:

Originally Posted by Rak Orgon of Beowulf

you forget also that the trader doesn't have an infinite amount of ecto. once they're gone they're gone, and then you'll have to sell them all back in order to get some in the market

EDIT: thanx snograt, i had both open and posted in the wrong one. lulz i am teh noob

well yes things can run out from trader seen it with sup shadow arts runes but, when the trader runs out and poeple sellback then they sell again fast the price will go up slowly.

that and i think the trader has millions of ecto that would be why ecto is going down everyone is elling to him noone is buying from him.

i think it would be funny oen day my guild and alliance went to kamadon and la and spammed sf is going to get buffed again buy sup arts now before they go up in price. and with in about 5 hours the price went up 1k not a big change but it was funny

Amnel Ithtirsol · Mar 19, 2009, 03:58 PM // 15:58

To OP:
The idea is good but the amount of money you have to start with is way to little to make a significant difference. Worth a try I guess so give it a shot and post the results!

Perkunas · Mar 19, 2009, 04:13 PM // 16:13

Let me see if I can put this down as I see it in my mind.

People see the GW economy on a downhill slide. Many people see the game dieing. Maybe the two "go hand in hand?"

In the first year or so of GW, UW and FoW were only available to a "few" people. They saw the potential of becoming extremely wealthy by stockpiling ectos. As the game aged and its population grew, more people entered those areas, causing a slight decline in value of the horded materials. Now the game is in its 4th year, the population is starting to decline. Those playing today, have the Wiki builds that the farmers found most effective for farming the "elite" areas. (Why buy them, when they are "easy" to get yourself?)

Now, to "improve" the economy, or to make the rich richer, get rid of ALL the builds pages everywhere, then convince another 4 million people to buy the game. With all the builds pages gone, only the veterans will know how to farm the "elite" areas. With that kind of increase in the population, the "sky is the limit" on prices, until the population learns how to do the "elite" areas again.

To "stabilize" the economy, fix prices. Set a ceiling price at the traders, do not rely on supply and demand. The farmers can still make money by selling their items at or below the traders' prices.

I hope that I said what I was thinking.

HawkofStorms · Mar 19, 2009, 04:24 PM // 16:24

Yes.... because we need to feed and provide medical care to all the people on welfare....
Oh wait, this is a video game. RL metaphors don't make sense since poverty in a game doesn't mean you die of starvation like in RL.

GW's economy was screwed up a long time ago. A.net knew what inscriptions would do to the economy (people like me pointed it out to A.net repeatedly) but they ignored those fears.
The economy in GW is beyond any measure of selfhelp. Really, all we can do is hope GW2 is designed in such a way that items actually have demand and value (an auction house will help a lot by removing the hidden time costs of having to powertrade).

rabwatt · Mar 19, 2009, 04:29 PM // 16:29

Have I missed something here???

How do you each have 3million stored?
I hope the answer is not in ectos :-/

dusanyu · Mar 19, 2009, 04:31 PM // 16:31

Luxury Items are Down Dissemination of Wealth is Better than it has ever been in this game. Sounds like a strong economy to me

Fact remains yes X.T.H. is puting more Wealth in more peoples hands while at the same time the Price of Luxury items are Remaining Close to Constant if not falling in Value.

Artificially Rasing the price of items in a economy that is Flooded with currency is a bad idea seance it will cause the Currency to Devalue (20-30 K ectos anyone?)

Rice · Mar 19, 2009, 04:36 PM // 16:36

Quote:

Originally Posted by rabwatt

Have I missed something here???

How do you each have 3million stored?
I hope the answer is not in ectos :-/

each person with a second account with 5+ char on each account can stole 3mil cant it? If u read OP's post, he did say use GW2 to buy ectos, meaning they have multiple accounts.

rabwatt · Mar 19, 2009, 04:40 PM // 16:40

Quote:

Originally Posted by Rice

each person with a second account with 5+ char on each account can stole 3mil cant it? If u read OP's post, he did say use GW2 to buy ectos, meaning they have multiple accounts.

Fair enough :-)

I read the GWx2 part and couldnt make sense of it.... me bad

Thanks again