Curse

Momir · Jun 26, 2008, 06:55 PM // 18:55

Quote:

Originally Posted by romeus petrus

SF made it rediculously easy for anyone with half a brain to make a stack of ectos in a matter of hours. There is no build out there atm that made ectos farming so efficient.

Ever hear of the A/Me build?

Well, It is a perma SF Build. It was out there....Oh...WAY before the SF Buff, And is still being used. It was a way to farm what? Ecto. So there was a build before the buff that could farm ecto just as easy, it just took a little longer to learn. So, again you are wrong.

And everyone should remember The Great Depression. Yes, The great depression. Everyone has basically slept through that part of their history class, but it can teach us a lot. As i see it ecto is like the U.S. Dollar. When too many of them are printed the value of it goes down. So, when the market is flooded with "worthless" "dollars" no one can afford anything. The problem is that in GW we won't stop farming it. So it is like the depression Germany had. Anyone remember that? We'll after WW1 Germany had liquidated so much of it's money to pay for the costs of war that bread was over 1 million marks. Yes, 1 Million marks for a loaf of bread. Their "dollar" was so worthless it was easier to burn it for heat then use it. So. What we need is for people to stop over farming the UW. And for people to stop making ridiculous threads and stupid comments on them.

AshenX · Jun 26, 2008, 07:01 PM // 19:01

According to the dictionary one of the definitions of currency is, "money."

One of the many definitions of money is tradable asset used in exchange for goods or services. This sounds like how ectos are used to me.

If ectos = money, and money = currency, then ectos = currency.

This is based on a basic principle of both mathematics and logic: If A = B, and B = C, then A = C.

Jenn · Jun 26, 2008, 07:03 PM // 19:03

As someone else has already said, it is the merching of ectos that is causing th eprice to get wtfownt. Prior to the A/E farm, if a bunch of people decided to sell their ectos, the price of them would have done the same thing. The people who merch their ectos are the ones hurting their own profit because it is them driving the price down. I don't have exact numbers, but it probably takes a helluva lot of ectos to be merched for the price to go down - which means a lot of people complete disregard or aren't aware of the economy =O

What has made people be so cavalier with ectos is the ease in which they are obtained, namely the A/E farm. Who cares if you just merched 5 ecto for 17k instead of selling them to a person for 20k? You can just go back in and get 5 more in 20 minutes. At least that's how I think some people see it... :x

Some of the people arguing about this are being pretty ridiculous... arguing different pieces and perspectives of the same big picture.

(and for you brilliant people, I'm not saying merching = merchant, but rather selling to the rare mats trader).

romeus petrus · Jun 26, 2008, 07:04 PM // 19:04

Quote:

Originally Posted by Momir

Ever hear of the A/Me build?

Farming with A/Me permaSF was no where near as easy as it is now with A/E. Of course there are other builds that farm ectos: 55 solo, 55/SS duo, 600/smite, E/Me, W/Rt, Rt/W.. just to name a few. None of these builds was near as easy or efficient in hording ectos as our new A/E SF.

Your agruments seem to make less and less sense the more you post. Having other builds that can farm ectos is not relevant to the topic at hand which is that the new SF with its unreal efficiency in farming ectos is killing the economy.

Since all that needs to be said has already said, and since your argument is clearly making no sense at all any more, this will be my last post in this thread.

/close

MirkoTeran · Jun 26, 2008, 07:06 PM // 19:06

Quote:

Originally Posted by lyra_song

"Im right, youre wrong."

This isn't a discussion. Its a rant.

QFT.

Signed for /close.

AshenX · Jun 26, 2008, 07:07 PM // 19:07

Quote:

Originally Posted by Momir

Ever hear of the A/Me build?

Well, It is a perma SF Build. It was out there....Oh...WAY before the SF Buff, And is still being used. It was a way to farm what? Ecto. So there was a build before the buff that could farm ecto just as easy, it just took a little longer to learn. So, again you are wrong.

And everyone should remember The Great Depression. Yes, The great depression. Everyone has basically slept through that part of their history class, but it can teach us a lot. As i see it ecto is like the U.S. Dollar. When too many of them are printed the value of it goes down. So, when the market is flooded with "worthless" "dollars" no one can afford anything. The problem is that in GW we won't stop farming it. So it is like the depression Germany had. Anyone remember that? We'll after WW1 Germany had liquidated so much of it's money to pay for the costs of war that bread was over 1 million marks. Yes, 1 Million marks for a loaf of bread. Their "dollar" was so worthless it was easier to burn it for heat then use it. So. What we need is for people to stop over farming the UW. And for people to stop making ridiculous threads and stupid comments on them.

I am sorry to disagree but the Great Depression in the US was not caused by over printng of the Dollar. You are correct in your statement that Germany did over-print its currency during the Weimar republic period following WWI.

Sniper22 · Jun 26, 2008, 07:07 PM // 19:07

Quote:

Originally Posted by Chthon

Why do you think hysteria has to be instantaneous? Can't some people decide to sell short the day SF is buffed, while some people wait until they see a particular "a-net U must nerf teh SF/Chaos Planes cuz it will ruin teh economyz" thread that really convinces them, while others wait until they've seen a dozen such threads and seen the price drop by 1k, while others still wait until they see the price drop by 2k? Some people have higher thresholds before irrational panic sets in than others.

People do not need to see a "nerf SF thread" to realize that the ecto prices are gonna drop from the new farm. These threads mainly started to appear a lot after the prices started dropping.

Gun Pierson · Jun 26, 2008, 07:08 PM // 19:08

UW yard sale, FoW armor for everybody even for the retarded, cause we care.

Just saying, what's the point in having an elite armor amongst elite armors when you farm it in a day or two. But I know, it lost its elite status a long time ago.

Anyway I wanne show good sportmanship so hf with the armors.

JONO51 · Jun 26, 2008, 07:08 PM // 19:08

Quote:

Well, that's certainly bad for you, but you are not the economy.

If I cant be the economy, then I dont want A/E to be. A lot of money just got wiped off many players accounts essentially. To say that isnt bad is stupid. yes, they can buy more ecto's for the same amoutn they had back then, but they dont have that amount they had back then anymore do they?

Martin Firestorm · Jun 26, 2008, 07:09 PM // 19:09

Quote:

Originally Posted by Chthon

Your e-peen is not the economy.

With you until there. My e-peen is everything.

Jiao Yang · Jun 26, 2008, 07:11 PM // 19:11

Regardless of all this arguing, if SF/Choas plains was nerfed, it would restore the price of ectos as people would take advantage of low prices and buy large amounts from the trader, raising the price again...
Which would be nice for some people

joshuarodger · Jun 26, 2008, 07:12 PM // 19:12

why on earth are people still starting threads like this one. it's been argued ad nauseum, for and against, in a number of threads already.

Tyla · Jun 26, 2008, 07:16 PM // 19:16

A godmode skill should never exist.

PANTHOR · Jun 26, 2008, 07:19 PM // 19:19

Very true thread, +1

Targren · Jun 26, 2008, 07:22 PM // 19:22

Quote:

Originally Posted by AshenX

According to the dictionary one of the definitions of currency is, "money."

One of the many definitions of money is tradable asset used in exchange for goods or services. This sounds like how ectos are used to me.

If ectos = money, and money = currency, then ectos = currency.

This is based on a basic principle of both mathematics and logic: If A = B, and B = C, then A = C.

That "basic principle" is called "substitution", but you are working off of a failed premise.

The key words in both of your first two statements is "one of". "A tradable asset used in exchange for goods or services" CAN be money, but it does not have to be. If you look up "one of" the definitions of "trade", it includes "barter" where tradable assets are exchanged for other tradable assets. If I give someone three chickens and a goat for his cow, neither the chickens and goats, nor the cow, become money.

Quote:

Originally Posted by joshuarodger

why on earth are people still starting threads like this one. it's been argued ad nauseum, for and against, in a number of threads already.

And it will be until the heat death of the universe, or Anet does something, one way or the other. They either come out with the SF nerf that the high-enders are whining for, or they come out and say "We looked at it, determined it's not as bad as you say, so STFU, it's not happening."

Until one of those three events comes to pass, we've got a GW civil war that makes the PvP vs PvE schism look like a boy scout jamboree.

Grunntar · Jun 26, 2008, 07:23 PM // 19:23

Quote:

Originally Posted by Targren

The traders...prices are affected by the number of ectos SOLD TO THEM.

Quote:

Originally Posted by Chthon

There is an illusion that the chaos plains farm is causing a huge spike in supply. It's not...

I think that the core issue is that it has increased the supply of disposable income. Specifically, disposable ectos. Going for quick profit, new farmers have flocked to farm these globs of goo, selling them at the Rare Materials Trader, thereby causing the benchmark price to fall. And since human traders always base their selling price on what the Rare Material Trader sells it for, they were likewise forced to drop their prices.

Quote:

Originally Posted by Chthon

(which would have stayed constant had people behaved rationally)

Haha, like there's EVER a chance that will happen!

Quote:

Originally Posted by Chthon

(Falling prices) has affected supply by leading people to sell their ectos short

Ahh, "The Snowball Effect..." Panic selling will drive down prices further. If the inherent value of the commodity doesn't change, however, this should be short-term. If it's value is most based on perception (like ectos, maybe?!?!), then it could be quite long-lasting.

Quote:

Originally Posted by Chthon

A Drop in Ecto Prices Is NOT Bad for the Economy

Hmm, is this an opinion? It looks like you try to present it as a fact. I know that in the Real World, if one day I can buy a loaf of bread and a jug of milk, and the next day I can't because of the devaluation of the dollar, it would seem to me that the economy is going south.

Quote:

Originally Posted by Chthon

The Rationales for WHY a Low Ecto Price Is Bad for the Economy Are Faulty... They seem to take for granted that a low ecto price means the end of the world... Well, that's certainly bad for you, but you are not the economy.

And maybe that's it! Maybe when people say that "the economy is bad" they are really looking at it from a personal perspective. And there's nothing wrong with that. I think that the OP may be caught up with the technical definition of the state of the economy. Not knowing much about economics, perhaps the decrease in the price of a single commodity is not bad for an economy. I don't know. But the decrease in buying power of a currency certainly is! So when someone says "the economy is bad," maybe they just mean "my view of the economy is that it is bad." Taken in this context, doesn't that make the OP's argument invalid?

Quote:

Originally Posted by Chthon

FoW + Chaos Gloves + Dread Mask outfit is so horrifically tacky, people should be prevented from making more of them on aesthetic grounds

OK, I'm 100% with you on this issue! Can we start a petition or something?

- Grunntar

Darkobra · Jun 26, 2008, 07:29 PM // 19:29

Quote:

Originally Posted by Gift3d

Oh okay. Ecto prices drop by 2k right after the SF update, but it's not cause of the SF update!

You're just another moron making just another SF thread. Grats.

Quote:

Originally Posted by Gift3d

Kind of sad how Guru's gone to such a garbage place.

I knew it wouldn't be long before I could do that.

Miska Bow · Jun 26, 2008, 07:30 PM // 19:30

It may seems off topic but, how is all of this ever gonna affect the price of milk for my little 2 years old?

kostolomac · Jun 26, 2008, 07:33 PM // 19:33

Quote:

Originally Posted by Grunntar

Hmm, is this an opinion? It looks like you try to present it as a fact. I know that in the Real World, if one day I can buy a loaf of bread and a jug of milk, and the next day I can't because of the devaluation of the dollar, it would seem to me that the economy is going south.
- Grunntar

But ecto isn't the dollar in GW , gold is. Ecto is something more like oil. In RL oil supply is shrinking , in GW it's the opposite.

Skitsefrenik · Jun 26, 2008, 07:35 PM // 19:35

Quote:

Originally Posted by Miska Bow

It may seems off topic but, how is all of this ever gonna affect the price of milk for my little 2 years old?

When ecto price becomes so low, you will stop farming them. Then you will have time to get a 2nd, 4th, or 9th job so you can afford the $10 a gallon of milk.