Curse

myswheels · May 09, 2007, 08:17 PM // 20:17

Quote:

Originally Posted by TedTheDead

It costs 750 gold to store 750 for an everage player that does not want to sit in town and sell lockpicks all day. With ecto at least the cost is down to 7000 gold to store 6000 gold currently. Ecto would have to drop half in price from when you purchased it to make it less effective.

Thats the core truth.

The price of lockpicks will be 1.2k-1.3k, not 1.5k. Just like you would never buy ectos from the trader at full price, you wouldn't buy lockpicks at full price from the merchant either. Why would you, when you could easily get them at trader -1 from a player?

The sell price of a lockpick is not 750g. Just like you wouldn't sell your ectos to the trader to convert it to gold when you could sell it for trader -1 to another player. Try selling a batch of lockpicks for even 1k or 1.1k each, see how long it takes. Demand will only go higher if lockpicks take off as a form of currency.

The rare mat trader is selling ectos at 7k now, and buying at 5k. So by using the most unintelligent way of converting your gold, you'd lose about 29% of your value. Using lockpicks in the most unintelligent way, you would lose 50%. But, who would do this is any normal circumstance?

Realistically, ectos and lockpicks are traded between players at the same rates (~6k for ectos, ~1.2k for lockpicks). The only difference is, lockpick holders are immune to nerfs and other economy changing events.

Star Gazer · May 09, 2007, 08:27 PM // 20:27

how about using stacks of iron!!! EVERYONE has a stack or 10 of iron, and you could easily use their 3g per as a stable form. hell, its even available to all!!! XD

Diddy bow · May 09, 2007, 08:37 PM // 20:37

Quote:

Originally Posted by Star Gazer

how about using stacks of iron!!! EVERYONE has a stack or 10 of iron, and you could easily use their 3g per as a stable form. hell, its even available to all!!! XD

i wanna use wood, i have lots of wood

.

But really i think i said in that tread

"house zu heltzer will cost like 60,000,000 faction or somthing"
would it cause an ff revoloution as if you own one of the cities you have a huge advantage over the economy.

lightblade · May 09, 2007, 08:39 PM // 20:39

Quote:

Originally Posted by Star Gazer

how about using stacks of iron!!! EVERYONE has a stack or 10 of iron, and you could easily use their 3g per as a stable form. hell, its even available to all!!! XD

Craft lockpicks with iron ingots :P

Why not?

TedTheDead · May 09, 2007, 08:47 PM // 20:47

Ectos are worth what they are worth to players and subject to market costs because of what the in-game mechanics would give you if you had to trade it in that way. Ecto are valued what they are because if necessary they could be "cashed in" for something realistically close, as you said around a 29% loss. With lockspicks, as you said you could stand to lose 50%.

Constant worth aside, the margin for potential loss with lockpicks (i.e. being forced to trade in to merchants) is pretty massive compared to ecto. That is why I do not think they will be accepted as currency.

lucifer_uk · May 09, 2007, 09:06 PM // 21:06

As an admittedly biased player, I will not be trading in lock picks and I'm hoping with the turn of GW:EN that the different rare materials go up in price.

Dougal Kronik · May 10, 2007, 12:56 AM // 00:56

Anything that doesn't have a fixed price tag attached to it will be dropping as more gold is taken out of circulation.

Halfthought · May 10, 2007, 01:08 AM // 01:08

Hurrah for lockpicks :P

lacasner · May 10, 2007, 01:09 AM // 01:09

If lockpicks were like 3k ea then I might consider this idea.

foo · May 10, 2007, 01:32 AM // 01:32

I already said that this is a great idea, however, I know I can buy lockpicks for 1.3k, and I know I can sell them for the same price, hence I value them at 1.3k. when I'll want to buy somehting for 500k, I will not want to find out I need to spend 533k cause I can't find anyone to sell me picks for 1.2k.

Terra Xin · May 10, 2007, 02:22 AM // 02:22

Bullion Coins should be considered by Anet as well.

arcanemacabre · May 10, 2007, 04:13 AM // 04:13

I like this idea. Very much, actually. What's great is that all we have to do is just agree on it, since it's a community issue rather than an Anet issue. I dig.

ryanryanryan0310 · May 10, 2007, 04:35 AM // 04:35

I will support this...

But will be really screw up if a-net changes the prices...

Unlucky Slayer · May 10, 2007, 05:22 AM // 05:22

All the power traders and rich people can go do what they want as long as the ecto prices keep dropping I'll be happy.

Zorglubb · May 10, 2007, 05:44 AM // 05:44

Somehow I don't think this will work out: items with similarly fixed prices existed before (high-end keys), and they did not became currency.
Ecto value is more of a tradition thing, just like with gold in our society.

nugzta · May 10, 2007, 05:54 AM // 05:54

other high end keys are not universal, lockpick you can use it everywhere.

fenix · May 10, 2007, 06:07 AM // 06:07

This will take A LOT of Lockpicks to do decent sized trades. Which is why I'm never going to do it. Much too much effort if I need to sell the Lockpicks at any stage.

Envious · May 10, 2007, 06:53 AM // 06:53

Great idea. Nothing was ever meant to be over 100k anyways, wonder when this will catch on.

Longasc · May 10, 2007, 07:51 AM // 07:51

The revolution has not begun, it died in its infancy as a brainfart.

Sure, the idea is not bad. A fixed price item as ecto substitute.

But this also assumes everyone wants to open chests with the lockpicks.
Not everyone is a treasure hunter, some simply want money.
If you sell them to the Merchant you only get 750 gold, not the proposed 1200/1300 people want to trade them for. They would have to sell TONS of lockpicks to other players.

It is also cumbersome: 1-1.5k per item, this does not work:

If you trade them at 1.2K, you would also need multiple stacks if you exceed 400k: 100+ 300k(=250 Lockpicks a 1200).

This option is almost like trading in Superior Salvage Gears, more useful, but still overkill and not really what people want. Then there is also tradition: Ectos are an established currency.

Final statement: No item should cost more than 100k.

ichigo_panty · May 10, 2007, 08:03 AM // 08:03

Blame those people who set their stuffs above 100k.

This will result in factions owning people to earn real fast cash. What if they push the keys to 1400? It is the lowest you can get and 200 per key is a good trade.

I still think that rare materials make a better alt money as you can't buy them from merchants 24/7, people control the market of these materials.