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Rares:Inflation & Manipulation

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DofIamingo
Nov Member 2023

DofIamingo

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People think phat will reach newer highes if plat tokens get brought in. In reality there will be hella phats entering the market, dumped from duel arena. Why would you want to stake items when you can get a monetary fixed value in the hundreds of bils.


Phats are just a currency to stakers, nothing more. It's only the non-stakers of rs that see phats as end game items. Once the demand for them vanishes from DA, their prices will drop just as quickly as they rose.

I think if they were to even release plat tokens, it would probably be next year anyway. They said on the stream today it's a lot of work to fix the rise in prices and not worth the effort since it affects a small portion of the community, less than 1% tbh.


Wealth is generally redistributed in DA anyway, so assuming this is a bubble :^) perhaps the future is bleak anyway

27-Aug-2020 00:19:16 - Last edited on 27-Aug-2020 00:20:07 by DofIamingo

Mr Gatsby

Mr Gatsby

Posts: 4,735 Adamant Posts by user Forum Profile RuneMetrics Profile
DofIamingo said :
People think phat will reach newer highes if plat tokens get brought in. In reality there will be hella phats entering the market, dumped from duel arena. Why would you want to stake items when you can get a monetary fixed value in the hundreds of bils.

Yeah, even if people don't stake hats that doesn't mean they won't reach new heights. All rares are rising not just phats, and I don't think eggs are at what they are because people wanted them to stake.

DofIamingo said :

Once the demand for them vanishes from DA, their prices will drop just as quickly as they rose.


It is true that they will drop because a lot of the current rise is due to demand at the DA, along with other factors though. But current prices weren't achieved purely on demand from DA.


DofIamingo said :


I think if they were to even release plat tokens, it would probably be next year anyway. They said on the stream today it's a lot of work to fix the rise in prices and not worth the effort since it affects a small portion of the community, less than 1% tbh.


Yeah, I was watching that stream and all I saw in the chat was people complaining. I don't think there's anything wrong with high prices if that's due to demand. There are steps though that can be taken to filter some fake stuff on forums. W2's local swapper on the SW block, Trades broker, and PvP Events Host

Gatsby#8485

27-Aug-2020 00:57:27

ELITE STACK
Mar Member 2014

ELITE STACK

Posts: 8,082 Rune Posts by user Forum Profile RuneMetrics Profile
I think plat tokens are necessary. Average wealth in this game not including untradables is around 1b-max cash. You can see in game everyone quick chatting over 1b wealth so plat tokens would not only make sense for rich players but the less wealthy players too. I need my blue charms back.

27-Aug-2020 01:12:22

Mr Gatsby

Mr Gatsby

Posts: 4,735 Adamant Posts by user Forum Profile RuneMetrics Profile
ELITE STACK said :
I think plat tokens are necessary. Average wealth in this game not including untradables is around 1b-max cash. You can see in game everyone quick chatting over 1b wealth so plat tokens would not only make sense for rich players but the less wealthy players too.

Yeah, but not many people have more than max shards. They just need to make shard packs more accessible, 65k per vendor just isn't enough anymore. W2's local swapper on the SW block, Trades broker, and PvP Events Host

Gatsby#8485

27-Aug-2020 01:40:58

RARE T0KEN

RARE T0KEN

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I think staking tax is the best to curb inflation for the longer-term vast amounts of wealth moves through the arena even a small tax would help. Adding a new currency or removing the max cash limit might give the confirmation that it's OK for rares to be overly inflated so that might not work. Also cutting down on TH Promos that give GP could somewhat help, but I doubt jagex will do that since it brings in revenue. The superior man thinks of virtue; the small man thinks of comfort.

27-Aug-2020 03:05:40 - Last edited on 27-Aug-2020 03:08:07 by RARE T0KEN

SoulSplits
Nov Member 2014

SoulSplits

Posts: 4,615 Adamant Posts by user Forum Profile RuneMetrics Profile
Mr Gatsby said :
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 , so that even those super rich f2p pures do not need rares to store their wealth if these choose not to.

You're on the right track but I personally don't think this solves anything. I dont have 500b, but if I did I would not want it all in untradable boxes, which then if I wanted to ever open them to actually use the shards would be super inconvenient and i would still need several accounts. If that was me I'm still buying 20 partyhats over shard boxes.

The simplest first step to a solution imo is platinum tokens. Everyone says "yea but with platinum tokens prices will go up past the current 'cap' of 53b".

1) Nothing is stopping a blue right now from going to 60b. It just means you would need other partyhats to trade for a blue, basically requiring you to upgrade another hat to blue

2) Right now there is enormous pressure on partyhat prices because super rich merchants and stakers need tradable items to store their wealth in. Partyhats are the only practical item that is in high demand and stores a lot of wealth. However, with platinum tokens, that pressure would be alleviated and stakers wouldn't need 150b in partyhats to do a huge stake, and merchants would feel less pressured to buy partyhats to store wreath in when they are already juggling a max shard stack

Partyhats have essentially become the currency for the super rich. So now that Jagex has come out and said they are looking into another currency, I'm hopeful that this will be good to bring hats down to reasonable prices again.

27-Aug-2020 03:22:40

Mr Gatsby

Mr Gatsby

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RARE T0KEN said :
Adding a new currency or removing the max cash limit might give the confirmation that it's OK for rares to be overly inflated so that might not work.

I think it is okay for rares to be high but yeah they definitely don't need to be above 50b+.

RARE T0KEN said :
Also cutting down on TH Promos that give GP could somewhat help, but I doubt jagex will do that since it brings in revenue.

True, but I guess those kind of compensate for not bringing back the big token related promos like rainbow. It's kind of nice seeing them repeated less often, there's kind of no point in having tokens in-game that are worth like 10k ea which is what happens to many of the red gem ones. W2's local swapper on the SW block, Trades broker, and PvP Events Host

Gatsby#8485

27-Aug-2020 03:31:24

Mr Gatsby

Mr Gatsby

Posts: 4,735 Adamant Posts by user Forum Profile RuneMetrics Profile
SoulSplits said :
Mr Gatsby said :
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 , so that even those super rich f2p pures do not need rares to store their wealth if these choose not to.

You're on the right track but I personally don't think this solves anything. I dont have 500b, but if I did I would not want it all in untradable boxes, which then if I wanted to ever open them to actually use the shards would be super inconvenient and i would still need several accounts.

I feel like it will make it at least easier for people to store wealth, some people don't play rs3 anymore but play rs3, if some of those hats return to the market that could be helpful over time. It won't guarantee anything but at least there's the potential for people to have their gp in shards. Maybe having 50b worth of packs at each vendor would help, and also making it possible to convert shards into shard packs.

Making them tradeable or bringing another new currency is something maybe that could be done in the future. W2's local swapper on the SW block, Trades broker, and PvP Events Host

Gatsby#8485

27-Aug-2020 03:42:49

Mr Gatsby

Mr Gatsby

Posts: 4,735 Adamant Posts by user Forum Profile RuneMetrics Profile
SoulSplits said :


1) Nothing is stopping a blue right now from going to 60b. It just means you would need other partyhats to trade for a blue, basically requiring you to upgrade another hat to blue



True, but if the limit is increased it's more likely to happen I think, might not be now but in the future. W2's local swapper on the SW block, Trades broker, and PvP Events Host

Gatsby#8485

27-Aug-2020 03:45:13

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