Economy and Inflation

[Sochitelya]

Taking away the gold that people spent time earning is going to slap you in the face. You're going to piss people off because they put effort into that. And they're going to show it by dumping the site like a bad boyfriend. You are basically saying to them that not only is their work useless, apparently so you can pander to people who want instant gratification, but that you have no respect for them as players. You're the admin and it's your site, but people don't stick around in places where they feel the admin will screw them over any time he feels like it. You only have to look at the backlash against, say, TJ of DragCave or what's-his-face of Subeta.

I have no plans to "take away" gold. I am only suggesting we revalue it. You know when stocks go from $100/share to $50/share, but everybody's stock turns into two stocks? Like that, except perhaps on a curve instead of a line.

1) Reset everybody's gold back to zero
2) Divide everybody's gold by ten (linear reduction)
3) Decrease everybody's gold with a square-root based reduction (the more gold you have, the more you lose. The less gold you have, the less you are affected)

Please explain what you mean by the above then.

[PossessedFae]

Er, you might want to go through the HWYD thread and add some of the ideas introduced there and bring them here for discussion.

I think that you should probably switch adults to giving out silver instead of gold, or hatchlings and eggs give out silver, and the new/popular shop creatures switched to silver. Gold shouldn't be devalued completely, just be less important.

Also, more features would be great too. Not necessarily more quests, just more things to do that require you spend money.

[Piney]

My only problem with the silver system is that what's to prevent inflation from rising all over again? I still think inflation can be fixed without overhauling the currency system. Bigger and better gold sinks do help. I've actually noticed this as after the Halloween Gifting, Solstice Caravan, and the big spender's NA, doni prices did dip. At least in the following NAs. So I say we repeat the trend of more gold sinks, not only for getting new pets but also for some functions of the site like renaming, potions that do various things to creatures, and etc.

Also the doni-breeding potion should help lower the price of donis too. The main reason for inflation is the high demand and low supply, so if you increase the supply the prices should drop and such. But yeah. That's just my opinion.

[Kestrad]

I say reset gold AND taxes

Its a good idea in retrospect

How can it be a good idea in retrospect if it hasn't happened yet?

Also, you know how annoying you sound right now? "Let's get rid of all gold and install taxes! Why? Because! No reason! I can't give a good reason, I'll just keep repeating it!" I'd be more inclined to consider your opinion if only you would BACK IT UP WITH A GOOD REASON.

[Piney]

I have no plans to "take away" gold. I am only suggesting we revalue it. You know when stocks go from $100/share to $50/share, but everybody's stock turns into two stocks? Like that, except perhaps on a curve instead of a line.

1) Reset everybody's gold back to zero
2) Divide everybody's gold by ten (linear reduction)
3) Decrease everybody's gold with a square-root based reduction (the more gold you have, the more you lose. The less gold you have, the less you are affected)

Please explain what you mean by the above then.

I think he was just offering suggestions, without inclination to implement them unless they somehow got a lot of support.

[Madd]

Taking away the gold that people spent time earning is going to slap you in the face. You're going to piss people off because they put effort into that. And they're going to show it by dumping the site like a bad boyfriend. You are basically saying to them that not only is their work useless, apparently so you can pander to people who want instant gratification, but that you have no respect for them as players. You're the admin and it's your site, but people don't stick around in places where they feel the admin will screw them over any time he feels like it. You only have to look at the backlash against, say, TJ of DragCave or what's-his-face of Subeta.

I have no plans to "take away" gold. I am only suggesting we revalue it. You know when stocks go from $100/share to $50/share, but everybody's stock turns into two stocks? Like that, except perhaps on a curve instead of a line.

1) Reset everybody's gold back to zero
2) Divide everybody's gold by ten (linear reduction)
3) Decrease everybody's gold with a square-root based reduction (the more gold you have, the more you lose. The less gold you have, the less you are affected)

Please explain what you mean by the above then.

I was just listing every idea I could think of. The square-root curve is probably the only one I would consider.

[Nightjourneys]

I like the silver idea too, but a straight conversion rate negates the effects entirely.

Even if the conversion is a *large* percentage? You said that to have any effect the taxes would have to be close to 85%, what if that's the conversion rate? Your 100k gold is now 15k silver.

That along not being able to mine currency from adults, and with the normal gold sinks that some of the quests should keep things down, allowing the new economy to settle in? UserA is still 10x richer than I am, but not in a way that makes inflation keep climbing.

[ArkaiGuy]

I was just listing every idea I could think of. The square-root curve is probably the only one I would consider.

Square root seems fair

[WolfBane382]

the doni-breeding potion should help lower the price of donis too. The main reason for inflation is the high demand and low supply, so if you increase the supply the prices should drop and such. But yeah. That's just my opinion.

Everyone is wanting the doin breeding potion to come out already. maybe even pay for extra egg slots

WB

[ArkaiGuy]

the doni-breeding potion should help lower the price of donis too. The main reason for inflation is the high demand and low supply, so if you increase the supply the prices should drop and such. But yeah. That's just my opinion.

Everyone is wanting the doin breeding potion to come out already. maybe even pay for extra egg slots

WB

Extra egg slot buying? AWWWWWWWW YEA