The salvation of RWT.

Discussion in 'Archives' started by Tilex, Dec 11, 2007.

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The salvation of RWT.
  1. Unread #21 - Dec 11, 2007 at 4:42 PM
  2. Gnomey
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    The salvation of RWT.

    Exactly. If there's actual money to be made, people will begin setting up their autoers to mine the stuff, the market will be flooded, and because there are no real buyers of it (its just used as a median) the price will pummet - exactly for the reason you said. No real buyers, people can easily auto it on noob accounts (low level items = no problem with throw aways) and it'll go nowhere, and in the end they won't care if they get 50gp for it and the price will go maybe even lower than it already is.

    Additionally, it'll cost SO MUCH to get the price up to the level you're saying, and nobody wants to mine and smelt all that bronze. I'm sure someone will say something stupid to Jagex, people will automine/smelt it, or something to tip them off to whats going on, and they'll make up some other rediculous rule about that too.

    The price of gold is SO LOW right now compared to the past. All this will do is get people to not want to use our "Sythe system" (I'd imagine people come here because we aren't Fagex...) and not buy because they won't feel like taking all their time to mine this.

    Plus, as Boom Headshot pointed out, it's even worse for the people that buy 50-100M.

    Oh, and one more thing, this requires the people of Sythe to band together.
    I think Xjaa phrased it best... how are you doing it R2P?
     
  3. Unread #22 - Dec 11, 2007 at 4:46 PM
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    The salvation of RWT.

    If you think about it, this would require ALOT of work.
    In my opinion Jagex might of stopped real world trading, but they've also began to fuck up their own game, Runescape. If their game looses such a vast amount of people with the trading cap, the RWT rule enforced to the max, they loose money since people aren't paying for members.. Therefore they will loose bussiness.

    I miss RS2 version 1 ish.
     
  5. Unread #23 - Dec 11, 2007 at 4:49 PM
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    The salvation of RWT.

    You don't seem to understand:
    The only way the price will go down is if they deflate it. The maximum they would be able to deflate it is around 10GP, and that would take 200% of the users that are inflating it to reverse it.

    Review:
    1. Who is going to buy the inflated bronze bars from the grand exchange?
    2. Would normal users even be able to sell bronze if we inflated it?
    3. Would selling it at market price (inflated) effect the already heavily inflated price?

    The fact is, if we want real world trading to continue, we need to band together. If we don't, it doesn't continue.

    Oh yeah, and I just read that noobs would be able to get rich off of it, but noone would be able to from Sythe, because the only time Bronze would be used is in the transactions (who is going to legitimately trade all of that bronze for the market price in mills? nobody.).
     
  7. Unread #24 - Dec 11, 2007 at 4:49 PM
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    The salvation of RWT.

    I suppose this would work, but jagex could screw this up with a wink of there finger. They could simply lower the price back to what it regulary works, and will say, any attempt to purposely flunctuate prices will now be bannable.
     
  9. Unread #25 - Dec 11, 2007 at 4:50 PM
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    The salvation of RWT.

    Addendum, we aren't even using the bronze as currency, just a method of transferring the gold. It would hold NO value at all to RWTraders, other than to transfer gold.
     
  11. Unread #26 - Dec 11, 2007 at 4:55 PM
  12. Ughster
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    The salvation of RWT.

    One of the many problems with the idea is that with your current plan it requires the buyers to make their own bronze bars.

    For small trades, MAYBE. but you gotta understand that the market revolves around an entire hierarchy of trades, some as large as 300M, and no one wants to go mine 300k iron and tin to make a transaction. mining even 1k would be enough to scare most buyers off, I mean thats the point of buying mils.. instant gratification with no work involved, if this becomes the case it will be just easy to mine iron or coal to sell and make money LEGITLY
     
  13. Unread #27 - Dec 11, 2007 at 8:11 PM
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    The salvation of RWT.

    I know this is my first post in a long ol' while, but ive been reading absolutely every thread pertaining to the current situation regarding RWT, and thought it about time to comment that Ughster hit the exact point of ALL RWT, instant gratification.



    Even back when I was selling mills, I would get people that wanted 200, 300, 500 M, and for sellers, its not really a lucrative incentive to sell 1 M here and there for those buyers that actually go through with it, y'know?



    Now Tilex, dont get me wrong, im not hating on your idea at all, in fact, its one of the more genuine and original ideas ive read up to this point, but the bottom line is sellers need incentive to sell, which is mainly making RL money, but now that the ways of obtaining GP are very limited, it makes that venture seem way less attractive, and it almost kiboshes the whole "scene".



    There will come a point where the sellers need to find more GP to feed the buyers demand, when that happens, where do they get the mills? Its one problem for current big sellers to sell to their buyers, but when the script gets flipped, what happens then? In my eyes, Jagex has put just about enough bullshit in between buying/selling to make me cringe, the added security, the added emphasis, all I can see is the massive decline, if not an end to RWT.




    My 2 cents, not yours :p
     
  15. Unread #28 - Dec 11, 2007 at 8:22 PM
  16. Ughster
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    The salvation of RWT.

    Old school, never talked to you much but it's cool knowing I'm not the only ancient mil seller who still lurks from time to time
     
  17. Unread #29 - Dec 11, 2007 at 8:43 PM
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    The salvation of RWT.

    Very interesting idea... I sort of like it.

    I understand that once the market becomes very inflated, it will not easily go back down again because of the price regulations Jagex itself put into existence!

    However, I could think of a dozen ways I would rather make 1mil than mine 1k copper, 1k tin, and smelt them. And to top it off, I would still actually have to PAY for the 1mil. That just isn't feasible.

    I think you need to use another useless item that is easier to obtain.
     
  19. Unread #30 - Dec 11, 2007 at 8:53 PM
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    The salvation of RWT.

    but there is a possibility that this will fail because bronze bars can then rise to an unstable price because of the people doing this
     
  21. Unread #31 - Dec 11, 2007 at 9:12 PM
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    The salvation of RWT.

    Mitz has spoken.
     
  23. Unread #32 - Dec 11, 2007 at 9:30 PM
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    The salvation of RWT.

    oh now i get it..pretty smart, it can work if everyone puts in effort
     
  25. Unread #33 - Dec 11, 2007 at 9:42 PM
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    The salvation of RWT.


    For sure, I see you around quite a bit now and again.




    And it sure isnt what it used to be back in the hay-day of mill selling eh.
     
  27. Unread #34 - Dec 11, 2007 at 9:50 PM
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    The salvation of RWT.

    As soon as the prices go up everyone will start making them.

    A good effort, but I can see it easily failing.

    I have my own ideas as to how to get this done, but they will stay with me and Deacon.
     
  29. Unread #35 - Dec 11, 2007 at 9:53 PM
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    The salvation of RWT.

    Better idea...lets just use a lame item that noone would even think about using, like some stupid thing only sold at shilo village, or some random gnome food, and just mass buy them on all the worlds. Thoughts?
     
  31. Unread #36 - Dec 11, 2007 at 9:58 PM
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  33. Unread #37 - Dec 11, 2007 at 9:59 PM
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    The salvation of RWT.

    we could use feathers as currency there easy to get, and we can inflate them...
     
  35. Unread #38 - Dec 11, 2007 at 10:11 PM
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    The salvation of RWT.

    lets all play WoW
     
  37. Unread #39 - Dec 11, 2007 at 10:25 PM
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    The salvation of RWT.

    I like the idea, but I doubt we could come together to all do this.
     
  39. Unread #40 - Dec 11, 2007 at 11:36 PM
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    The salvation of RWT.

    Its good you are trying to come up with ideas but you clearly have missed the entire point of the free market. There are two sides to market value:

    Increase demand drives up prices.
    Increased prices lead to increased supply.
    Increase supply lead to demand being satisfied and hence a steady price.

    The two sides here are supply and demand. You are advocating that we artificially inflate the price of bronze by increasing demand to a level which is unnatural. But by increasing demand and achieving this inflated price do you not realize that suppliers, who previously did not sell bronze bars, will now see that price and say "oh goody, look at how much money I can make selling bronze! I will change my way of making money to mining and smelting bronze so that I can sell the bars and make more profit." And thus supply will increase to meet demand.

    The market will self correct resulting in a lot of copper flooding the market and all of your money going to waste.

    The reason gold and silver can be used as money in the real world is because they are scarce. You can have a huge demand and still have very little supply, because it is physically impossible for people to simply create gold. But in this electronic economy anyone can create as much bronze as they want by just spending time playing the game. Thus the supply catches up with demand very quickly.

    If you wanted a money commodity you'd pick something like phats or other rares. But since these are traded on the grand exchange by other players you could not fool it into allowing an unfair trade without first cornering the market and ensuring the market stayed cornered.

    If you can drop rares and have other people pick them up or find a way to facilitate such an activity then you have an open system where you can use rares as a form of currency.

    What you would do in the above case is: drop the rare for the buyer to pick up then have the buyer trade with you for your gold thus completing an unbalanced transaction.
     
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