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Here it is: The Grand Exchange

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C-town
Sep Gold Premier Club Member 2016

C-town

Posts: 287Silver Posts by user Forum Profile RuneMetrics Profile
Greetings fellow Runescape players. Today I would like to talk about one of the widely most used piece of content we have. The grand exchange. Jagex, do you want a better economy? Well I'd hate to break it to everyone but the player controlled prices is the MAIN REASON for the last 17 years the economy has gotten messed up really bad and we have had so many problems. The solution? Instead of "Wall Street" we need "Amazon" instead. Set prices to ensure that the game can be balanced. Exhibit A: Double XP weekend coming up and everyone panic buys all kinds of skilling supplies and sells them for profit during the height of double XP. Jagex you have stated before that you want your players "earning" their gold rather than easily getting mass quantities because that is bad for the economy. Exhibit B: Hi I am a high alcher trying to buy items so that i may alch for profit. Its very hard for me to make profit due to the fact most items won't insta buy unless you up the price 10%. The grand exchange can't even manage to display the current value of every item in the game. This is very shaking my head AF. Exhibit C: A new boss is released and its best drop is a new weapon. It just so happens that I am the first one to obtain this weapon by pure "luck" no earning involved in this. At this point I am the GE itself. I can charge as much as I want and nobody can do anything about it. How is that "fair" how is that not too much power for one player? What if I just wanna buy the item? Now, Finally we get to the upcoming exhibit: Mining/Smithing Rework. I don't care what anyone here says W2 GE will be a hot mess on this update. Jagex you cannot prevent the major price crashes on existing items and unfair prices for new items added to the game. IT WILL BE MESSED UP NO MATTER WHAT! There is much of a loss with earning your money due to player controlled grand exchange. Free trade and bonds didn't work. Lets make this game fair to all players and have a guaranteed SAFE economy.
-C-town, Leader of Knights Of Saradomin

28-Sep-2018 02:19:22

Firebat
Apr Member 2009

Firebat

Posts: 5,389Rune Posts by user Forum Profile RuneMetrics Profile
0/10 wouldn't even give a tl;dr in your cc.

Not even a suggestion, more of a rant. Inequality breeds success. Market economy is king. Fuck socialism. Thank you :^)

28-Sep-2018 02:33:29

Kopaka
Nov Gold Premier Club Member 2017

Kopaka

Posts: 1,778Mithril Posts by user Forum Profile RuneMetrics Profile
Firebat said:
0/10 wouldn't even give a tl;dr in your cc.

Not even a suggestion, more of a rant. Inequality breeds success. Market economy is king. Fuck socialism. Thank you :^)

But Firebat, didn't you realize he's entitled to low prices because he's a loyal paying customer?

What right do other paying customers have to charge him these inflated prices that he begrudges but nonetheless pays?

They shouldn't have the right to charge prices that the market will stand for!

They should be forced to charge what the government decides is the right price!

All these undeservingly rich paying customers clearly have slipped Jagex a $ or 2 in order to have extra influence over the "market value" thereby increasing their profits and thwarting the system!

Everyone knows Supply and Demand is just a myth perpetrated by the wealthy to oppress the poor.

28-Sep-2018 04:00:01 - Last edited on 28-Sep-2018 04:02:30 by Kopaka

UrekMazino
Nov Gold Premier Club Member 2015

UrekMazino

Posts: 4,955Adamant Posts by user Forum Profile RuneMetrics Profile
Kopaka said:
But Firebat, didn't you realize he's entitled to low prices because he's a loyal paying customer?

What right do other paying customers have to charge him these inflated prices that he begrudges but nonetheless pays?

They shouldn't have the right to charge prices that the market will stand for!

They should be forced to charge what the government decides is the right price!

All these undeservingly rich paying customers clearly have slipped Jagex a $ or 2 in order to have extra influence over the "market value" thereby increasing their profits and thwarting the system!

Everyone knows Supply and Demand is just a myth perpetrated by the wealthy to oppress the poor.

I did not know it was possible to fit so much sarcasm in so few words...
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28-Sep-2018 07:36:27

C-town
Sep Gold Premier Club Member 2016

C-town

Posts: 287Silver Posts by user Forum Profile RuneMetrics Profile
Now I'd also like to say that the purpose of this post isnt to get the grand exchange removed. The main concern here should be the fact that the players are completely responsible for the "bad game economy" in the past.
-C-town, Leader of Knights Of Saradomin

01-Oct-2018 03:54:51

C-town
Sep Gold Premier Club Member 2016

C-town

Posts: 287Silver Posts by user Forum Profile RuneMetrics Profile
Kopaka said:
Firebat said:
0/10 wouldn't even give a tl;dr in your cc.

Not even a suggestion, more of a rant. Inequality breeds success. Market economy is king. Fuck socialism. Thank you :^)

But Firebat, didn't you realize he's entitled to low prices because he's a loyal paying customer?

What right do other paying customers have to charge him these inflated prices that he begrudges but nonetheless pays?

They shouldn't have the right to charge prices that the market will stand for!

They should be forced to charge what the government decides is the right price!

All these undeservingly rich paying customers clearly have slipped Jagex a $ or 2 in order to have extra influence over the "market value" thereby increasing their profits and thwarting the system!

Everyone knows Supply and Demand is just a myth perpetrated by the wealthy to oppress the poor.


-_- dude seriously just pretend being on a beta with a GE fair for all. Imagine a W-2 that never went crazy
-C-town, Leader of Knights Of Saradomin

01-Oct-2018 03:56:29

Nosediggerno

Nosediggerno

Posts: 3,489Adamant Posts by user Forum Profile RuneMetrics Profile
Exhibit A - At this point, DXP weekends are almost done on a fixed schedule such that players can plan ahead months in advance. If you are late to the party, you pay more. It's as simple as that. There is nothing inherently wrong with taking advantage of demand and supply trends, especially when the trend is so predictable.

Exhibit B - You do realise that there are many other high alchers such as yourself. They are all trying to make a profit. What then happens is that each and every one of them, yourself included, has a portion of the profit chipped off because of the demand. In truth, the fact that alch prices exist at all serves as a very reliable price ceiling, since once it becomes unprofitable, people cease to use that item when alching for profit.

Exhibit C - You claim that the first player to obtain a high-tier weapon from a new boss did so purely by chance, with 'no earning involved'. Do bear in mind that whilst the drop itself is heavily luck-based, the fact that the player is one of the first few to successfully tackle the boss does imply that they have at least some degree of proficiency with PvM. Think of it as a first mover advantage. Moreover, this is a case of willing buyer/willing seller. If you think the price is exorbitant, then you simply have to wait for more weapons to come into the game and for prices to stabilise at a level satisfactory to you.

Upcoming Exhibit - Part of the reason why the M/S rework is taking forever is precisely because Jagex is working to address the potential impact this will inevitably have on the economy. Fixing an artificial price for the items affected by the rework will simply undo all the effort that they've put in thus far.

The concept of the GE is to facilitate trading between players, rather than serve as a price control mechanism. There is bound to be advantage taking, but that's just how a free market works.

01-Oct-2018 08:36:30

C-town
Sep Gold Premier Club Member 2016

C-town

Posts: 287Silver Posts by user Forum Profile RuneMetrics Profile
Nosediggerno said:
Exhibit A - If you are late to the party, you pay more. There is nothing inherently wrong with taking advantage of demand and supply trends


Like I said this shouldn't be Wall Street it should be Walmart


Exhibit C - You claim that the first player to obtain a high-tier weapon from a new boss did so purely by chance, with 'no earning involved'. Do bear in mind that whilst the drop itself is heavily luck-based, the fact that the player is one of the first few to successfully tackle the boss does imply that they have at least some degree of proficiency with PvM. Think of it as a first mover advantage. Moreover, this is a case of willing buyer/willing seller. If you think the price is exorbitant, then you simply have to wait for more weapons to come into the game and for prices to stabilise at a level satisfactory to you.

Upcoming Exhibit - Part of the reason why the M/S rework is taking forever is precisely because Jagex is working to address the potential impact this will inevitably have on the economy. Fixing an artificial price for the items affected by the rework will simply undo all the effort that they've put in thus far.

I can tell you and anyone at jagex, because of this insane player power the economy will be messed up no matter what jagex does because they do not control it.

The concept of the GE is to facilitate trading between players, rather than serve as a price control mechanism. There is bound to be advantage taking, but that's just how a free market works.


Wrong sir. The GE was created so players could buy and sell items EASIER instead of spamming at varrock bank
-C-town, Leader of Knights Of Saradomin

01-Oct-2018 12:39:32

Aureus Steel
Sep Member 2018

Aureus Steel

Posts: 177Iron Posts by user Forum Profile RuneMetrics Profile
C-town said:
Nosediggerno said:

The concept of the GE is to facilitate trading between players, rather than serve as a price control mechanism. There is bound to be advantage taking, but that's just how a free market works.


Wrong sir. The GE was created so players could buy and sell items EASIER instead of spamming at varrock bank


... Just gon' say, that's just another way of saying what Nose said. You've countered nothing.
Steelweaver's
Hardcore
Ironman

01-Oct-2018 16:09:43

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