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Rares:Inflation & Manipulation

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Mr Gatsby

Mr Gatsby

Posts: 4,735 Adamant Posts by user Forum Profile RuneMetrics Profile
Purpose of this thread is to discuss price manipulation (in context of forums-defined in the price manipulation section) and rare prices. Apologies for the walls of text and any typos. Please show support for any ideas that you would like to be implemented.


Increasing max cash (which would take a long time), add a new currency that could be used, or make a separate ge for spirit shards, all of these ideas just increase the potential for items to go up in price more.
Not necessary until we can get 100m coins drops from killing goblins.

In terms of manipulation, even if every rare is traded on
the ge that will not eliminate manipulation since that is mainly done by falsifying trades (i.e., altering pcs). People use pcs for items on ge.
Furthermore, price checking discord bots exist too now, all jagex can do is mitigate the manipulation on price checking forums by giving forum mods some power-can't stop fake posts 100 % but we have people making trades with accounts that don't even exist. W2's local swapper on the SW block, Trades broker, and PvP Events Host

Gatsby#8485

26-Aug-2020 21:40:21 - Last edited on 29-Aug-2020 22:57:02 by Mr Gatsby

Mr Gatsby

Mr Gatsby

Posts: 4,735 Adamant Posts by user Forum Profile RuneMetrics Profile
Rare prices

Rare price do not need to be fixed merely for the fact of them being high, however, it's nice to see changes in prices in both directions from time to time and for rares to be valuable but also attainable through means other than staking or merching.

Collectible rares (edibles) have no use except for being collected/hoarded, therefore it would not be such a bad thing if they were 1-10b ea-pseudo-money sink since they aren't traded often. The cracker is also just a collectible rare but because of it's relation to partyhats, I will consider it as one because of it's relation to partyhats.

So rare/discontinued items can be divided into two categories:

1. Collectables: Half wine, Disk, pumpkin, and egg
2. Cosmetics: turkeys (stop re-realeasing them they are practically worthless and therefore unwanted), wreath, scythe, Halloween masks, Santa hats, partyhats (+Cracker by association) W2's local swapper on the SW block, Trades broker, and PvP Events Host

Gatsby#8485

26-Aug-2020 21:40:29 - Last edited on 26-Aug-2020 21:56:12 by Mr Gatsby

Mr Gatsby

Mr Gatsby

Posts: 4,735 Adamant Posts by user Forum Profile RuneMetrics Profile
Potential actions:

How to deflate rares:

- Minor action:
Change the Chromatic Partyhat to right-side up. To keep with the theme of "new varrock" make the hat float above characters heads or sit slanted similar to the ice cream cone hat.
This will basically give people a free partyhat, but not quite so they still would want the real deal.

-Major action: Only after assessing if there is a need due to shortage in supply (compare number of phats on inactive + active accounts vs number of rares banned post 2017), if there is not a lack of supply then the issue would be fixed overtime by other money sinks/updates. If there is a lack of supplies due to bans then some rares (between 1-100 without amount being specified) should be reinjected into the game.

a) For collectables if the numbers drop off over time they should not be reintroduced unless there is a drastic decrease due to bans. These types of rares (collectables) would be reintroduced by instantly selling the maximum allowable amount (not exceeding 5) in a single ge slot. These type of injections should only be done if there is a need (such as only 10 of an item left on active accounts). These injections should be unannounced (don't even admit to accepting this idea if you do), conducted over time if multiple injections are needed.

b) For cosmetics if there is a need these rares could be reintroduced through a raffle. This raffle can only occur once (when there is a need), participation in the raffle will require a 500m or 1000m entry fee (total of what is released should be less than the gp that is sinked). W2's local swapper on the SW block, Trades broker, and PvP Events Host

Gatsby#8485

26-Aug-2020 21:40:35 - Last edited on 29-Aug-2020 22:45:25 by Mr Gatsby

Mr Gatsby

Mr Gatsby

Posts: 4,735 Adamant Posts by user Forum Profile RuneMetrics Profile
Potential actions cont'd:

How to curb inflation:
- Minor (but important action): Increase the number of spirit shard packs sold by vendors from 65k to 320k & adding a shards to shard pack exchange option , so that even those super rich f2p pures do not need rares to store their wealth if these choose not to.
- Major action: Add new rares (if a new partyhat is to be added release it using a non-tradeable cracker but then add that new phat to the drop table of the regular one)
- Major action: Making partyhats (not crackers) none stakeable

Minor actions should be taken before major ones of course, with steps to curb inflation taken before those to deflate rares.
Major actions should probably only taken after quarantine ends around the world. The fact is that with little updates and lots of people online, all people are interested in doing is making money.
W2's local swapper on the SW block, Trades broker, and PvP Events Host

Gatsby#8485

26-Aug-2020 21:40:41 - Last edited on 29-Aug-2020 22:44:19 by Mr Gatsby

Mr Gatsby

Mr Gatsby

Posts: 4,735 Adamant Posts by user Forum Profile RuneMetrics Profile
Why is a higher tradeable currency a bad idea at this stage?


A general
need for a higher currency for the purpose of storage can be fulfilled by a untradeable currency
as long as it can be exchanged to a tradeable version and back, easily.
Solution: Make spirit shard packs more accessible
by increasing the buy-able amount with coins in a single trip and adding spirit shards to spirit shard packs option.

The other need that has been mentioned in this thread is
a higher currency for the purpose of staking
. This would require a trade-able currency like platinum tokens. A tradeable higher currency will a) increase the item to currency cap, meaning it will make it more easier for that an item can be traded for,
b) if it would be trying to solve an issue by destroying part of the demand for certain items.
There might be a need for a tradeable higher currency in the future, but it's not really needed at this stage.

Summary:
Prevention shouldn't be the model for change , rather increasing options should. Making spirit shard packs more accessible gives people an easier option to store their wealth
without easily increasing the cap potential of items or completely removing a source of demand. Away with having to plan on when to buy spirit shard packs. W2's local swapper on the SW block, Trades broker, and PvP Events Host

Gatsby#8485

26-Aug-2020 21:40:48 - Last edited on 13-Sep-2020 03:18:26 by Mr Gatsby

Mr Gatsby

Mr Gatsby

Posts: 4,735 Adamant Posts by user Forum Profile RuneMetrics Profile
Price manipulation


Price manipulation (meaning altering prices based on fabrications)
cannot be "fixed" by Jagex, however,
forum moderators should be allowed to hide
posts that are
BLATANT manipulation attempts
, but forum mods should be allowed to give temp and perm forum bans for accounts who are blatantly faking trades. Also,
warning others of fake trades should not be included under the naming and shaming rule for the price checking section
. People should be allowed to, respectfully and without being disruptive, call out people who are obviously trying to manipulate prices.

Blatant manipulation should include:

-Those who purposely repeatedly post ranges that are completely inaccurate (leeway should be given when there's a lack of reports or massive increases/decreases in prices)
-Throwaway accounts selling to throwaway accounts at suspicious prices
-People who report trades to players who then deny the trade took place
-People who recycle old trades/Photoshop trades
-People who sell/buy things off accounts that do not exist (if there's at least a picture, then maybe we can say there was a double name change)
W2's local swapper on the SW block, Trades broker, and PvP Events Host

Gatsby#8485

26-Aug-2020 21:40:54 - Last edited on 13-Sep-2020 03:16:11 by Mr Gatsby

Mr Gatsby

Mr Gatsby

Posts: 4,735 Adamant Posts by user Forum Profile RuneMetrics Profile
Summary of suggestions of others (other than increasing currency limits):

Elite Stack - Combat inflation by adding a 0.5% staking tax to duel arena (page 2)

Elite stack - Add an in-game time min. requirement (100 hours) for posting on forums to minimize the amount of alts used to make manipulative posts on price checking threads. (page 11) W2's local swapper on the SW block, Trades broker, and PvP Events Host

Gatsby#8485

26-Aug-2020 21:41:03 - Last edited on 13-Sep-2020 03:19:00 by Mr Gatsby

Mr Gatsby

Mr Gatsby

Posts: 4,735 Adamant Posts by user Forum Profile RuneMetrics Profile
Recap of frequently discussed suggestions in this thread:

1. Adding platinum tokens
2. Making spirit shard packs more accessible (i.e., by increasing vendor stock and adding a spirit shard to spirit shard pack conversion option)
3. Adding a staking tax
4. Reworking the chromatic partyhat W2's local swapper on the SW block, Trades broker, and PvP Events Host

Gatsby#8485

26-Aug-2020 21:41:10 - Last edited on 13-Sep-2020 03:15:24 by Mr Gatsby

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