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Please read - how to solve mill prices and make more profit

Discussion in 'Archives' started by Sythe, Jul 6, 2007.

  1. Sythe

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    Please read - how to solve mill prices and make more profit

    Dear GP traders,

    1 Decimill = 10 Million GP
    (Deci or Dec is short for Decimill)

    As all of you are aware
    mill prices have been steadily dropping for well over a year now. They are becoming so low that many people cannot be bothered MMing or selling anymore.

    The devaluation of the mil price is due to a number of factors:
    Mainly that runescape’s internal economy has too much
    inflation. Also a number of dupe hacks have been exploited creating an influx of GP.

    As a result there is more GP chasing few real life dollars.

    Here is my solution:

    We must change the base unit of GP trading from mill to 10’s of mill. We can call these new units of currency decimills or just deci (or dec) for short. Deci meaning ten. Mills meaning millions.


    This way we now have a new base unit: the decimill which would currently be worth between 30 and 40 dollars.

    This solves many problems and, as gold sellers, you may simply refuse to sell anything less than 0.5 decimills to your customers. (Which would be worth around 15 dollars, or slightly more.)

    This will improve your profits and trading will become much more worthwhile once more.

    Consider this carefully, and
    link everyone to this thread if you decide to sell in decimills (so that customers learn what they are.)
     
  2. scarscaper4life

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    Please read - how to solve mill prices and make more profit

    good idea
     
  3. Syko_Chicken

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    Please read - how to solve mill prices and make more profit

    Nice idea Sythe, You must've thought it through.
     
  4. 17th Alley

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    Please read - how to solve mill prices and make more profit

    Its a good idea, however, some people do not have 40 dollars, or they just do not need 5 million or 10 million. What needs to be done is ending with these gold farming sites. Also, sythe.org could make a limit for selling gold. For example, each million gp could NOT be sold for less than 3.5$. Anyone selling for less could be infracted, and thread selling deleted. Of course, at first people would tend to go to gold farming sites, but, as people realised they would get banned, we could then make people understand that it is worth it to pay more money, but to not get banned.

    This might also make some people leave sythe.org and go to other sites, however, we have to think of something:

    Maybe, instead of having so many members but having a not that good quality, we could balance it by doing what i propose. Sure some members will leave, but, the ones that stay are the beneficial ones for sythe, and the ones that understand and agree that certain measures have to be taken, although in short-term that might be bad.
     
  5. bite me

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    Please read - how to solve mill prices and make more profit

    sounds ok i guess =] looking foreward to more of these "decimills" for sale
     
  6. Insomnia

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    Please read - how to solve mill prices and make more profit

    I used to get 140 bucks for a decimill lol :(

    Selling mills isn't really good for the staker or moneymaker anymore as it's far better to just buy from farmers and sell back for a profit, so this solution should support the new generation of gp trading alot better, good idea mate.
     
  7. Daily

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    Please read - how to solve mill prices and make more profit

    My question for sythe is, why don't we keep the term "Mills", and keep mills between 3 and 4 dollars.
     
  8. Sythe

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    Please read - how to solve mill prices and make more profit

    Look you don't understand how supply and demand works.

    You cannot make it law that there be a minimum someone must pay for something. This is ridiculous and just causes people to do their trading elsewhere.

    The value of a mill is dependent on how easily one is obtained. There is nothing anyone can do to change this value. Attempting to do so would be foolish; everyone would simply leave and trade elsewhere.

    Why would you hang around to pay twice as much as other places for the same thing?

    The only way you could ever manage to do this is come to an agreement with all gold traders to set a minimum. Petrol stations do this in most areas so the competition doesn't drive their profits into the ground. However this is simply unfeasible in this situation as you cannot contact all gold sellers and new gold sellers pop up everyday.
     
  9. magna fr34k

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    Please read - how to solve mill prices and make more profit

    Another idea, make a rule "GP cannot be sold less than 4ea here on sythe.org, sythemills excused.

    You make more :)
     
  10. ƒuLl_TìLt

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    Please read - how to solve mill prices and make more profit

    Very Clever
     
  11. t313 0r d13

    t313 0r d13 Newcomer

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    Please read - how to solve mill prices and make more profit

    very nice idea i agree
     
  12. TaramXxXSingh

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    Please read - how to solve mill prices and make more profit

    it makes no sence.. lol hes better off saying lets rename 10m to 10d lol. ppl still will be buying 1m for 3 $ and its the same thing if they buy 10m for 30$... so i see that this thread is wierd... xDD
     
  13. middle932

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    Please read - how to solve mill prices and make more profit

    its a rele good idea actually, cause then no one wastes time, sellers look to sell more, and buyers look to buy more, everyone wins
     
  14. Dorito

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    Please read - how to solve mill prices and make more profit

    I'm sorry, but I fail see how this will help much. It's basically selling in groups and coming up with a new word. It's nothing smart, it's nothing that will help, in most cases either people won't use it, or the people that do will just confuse the cheese out of the people who don't.

    How is saying "I will not sell any less than 0.5 decimills" easier than saying "I will not sell any less than 5 mill"?

    Show me how it is actually worth using so that I and maybe others will.
     
  15. I_Skill_I

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    Please read - how to solve mill prices and make more profit

    Hmm like the idea more power to the gold seller although im sure a lot of buyers will go elsewhere and get banned on runescape for it, i like the idea but a lot of us cant afford to pay the price for 0.5decimils as a minimum
     
  16. stone12

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    Please read - how to solve mill prices and make more profit

    ye ye ye , very good idea .but...so much for this????!!!!!!
     
  17. vghp

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    Please read - how to solve mill prices and make more profit

    what are you thanking about?
     
  18. 1337_Byte

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    Please read - how to solve mill prices and make more profit

    Cool idea, I like the Decimils term. People should call 100 mil a centimil lol.
     
  19. UNHOLY FTW

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    Please read - how to solve mill prices and make more profit

    most ppl only need 1-5m...
     
  20. iwillpwnurfatass

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    Please read - how to solve mill prices and make more profit

    Great idea, although I don't see how this will do anything other than increasing the risk of being banned.

    @1337_Byte: Centi- means one-hundredth, so a centimill would be 10k.
     
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