RuneScape Forum Archive | Lifting Max-Cash Implications

Nov

2020

SlR

Posts: 4,378 Adamant Posts by user Forum Profile RuneMetrics Profile

This thread is for anyone to raise concerns about what lifting max cash could do to the economy. I have a 'small' vested interest in the rare market but I'll try to stay objective.

https://youtu.be/UDnOJIxy21U

- JAGEX talking about max cash and price manipulation.

There'll be lots of speculation! if you don't like what others predict, that's OK, just be civil.

I'll kick it off with a thought...
What happens when gold sellers and 'dupers' log back in to dump their stock of rares on the G/E for cash, when the GP limit lifts? I predict it will be used as a form of laundering.

Whoever receives these 'dirty' rares would not be at fault, since the G/E is random, but what about the increased supply that will flood in as a result? Surely it'll cause price drops.
How will that be handled? Is that even an issue? It'd make rares more affordable! Hmm...

Post your thoughts and concerns (and solutions! if there are any / if there should be any) Ty Bob says:

A bank PIN will keep your items secure.

Always check the second trade screen.

Never trade in the Wilderness!

Keep your computer keylogger-free and virus scanned.

Never give your password out to anyone.

20-Jul-2022 07:31:59 - Last edited on 20-Jul-2022 08:22:43 by SlR

Nov

2020

SlR

Posts: 4,378 Adamant Posts by user Forum Profile RuneMetrics Profile

Reserved.

Thought #2 - Since every tradeable item will be sat on the G/E at some point - What if... the G/E reveals more than 1000 Holly Wreaths in game, as an example? I hate to bring up 'duping' again but since it has happened in the past, I can't help but think it'll happen again.

We don't know the official numbers of other rares, but we know the max amount of Holly Wreaths. If people have duped other rares then surely Holly has also been duped? I wonder if we will ever get clarity on this sort of thing? Of course, re-releasing rares would be a sneaky way to bypass answering this question (which I hope they don't do).

Thought #3 - if people do end up duping again, will there be some kind of prevention (when it comes to gold)? as duping 2,174 billion is not quite the same as 2,174 trillion (or however much the theoretically limitless GP stack is). I can see them tracking items but not gold.

PS: I'm all for the limitless cash stack, I just wonder how it will affect things at the top end. Bob says:

A bank PIN will keep your items secure.

Always check the second trade screen.

Never trade in the Wilderness!

Keep your computer keylogger-free and virus scanned.

Never give your password out to anyone.

20-Jul-2022 07:35:21 - Last edited on 20-Jul-2022 15:33:48 by SlR

Nov

2019

King Wulfe

Posts: 144 Iron Posts by user Forum Profile RuneMetrics Profile

You bring up good points, I'm overall curious to see what will happen with top tier gear and the price of rare items as the higher end rare items seem to float around from merchers to merchers (my uneducated guess).

One thing I could possibly see Jagex doing is releasing rare items found on

banned

accounts back into the G.E. My worry is what will they be priced at? Also, if they did this would they share the info or secretly release. If they share it, the price could come down or others could buy up all the stock. How much would it truly do to reduce the inflated costs of rare items?

The world may never know....until it does.

Player Owned Guild Thread

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22-Jul-2022 00:24:38

Sep

2020

OrderedEight

Posts: 271 Silver Posts by user Forum Profile RuneMetrics Profile

they already talked about this a long time ago with bank bidders. It was a terrible idea on their part and the entire idea was scrapped. Yes there needs to be a way to track high value trades for phats and such. im pretty sure it was said many many years ago rares would get slowly trickled onto the ge from banned accounts. someone correct me if im wrong about that but i am pretty sure that was said many many years ago if i remember correctly.

22-Jul-2022 01:18:16

Established

Posts: 236 Silver Posts by user Forum Profile RuneMetrics Profile

OrderedEight said :
they already talked about this a long time ago with bank bidders. It was a terrible idea on their part and the entire idea was scrapped. Yes there needs to be a way to track high value trades for phats and such. im pretty sure it was said many many years ago rares would get slowly trickled onto the ge from banned accounts. someone correct me if im wrong about that but i am pretty sure that was said many many years ago if i remember correctly.
It was just a rumour that rares went back on the G.E.

The bank bidders idea was bad, yes.. but not the entire idea. I don't see anything wrong with people bidding on rares.

22-Jul-2022 02:18:39

Sep

2020

OrderedEight

Posts: 271 Silver Posts by user Forum Profile RuneMetrics Profile

we know exactly what will happen with any type of bank bidders thing. the richest players will just buy all of the banks up lol. theres not going to be any random people getting anything for cheap if they implemented that.

22-Jul-2022 02:44:09

Nov

2020

SlR

Posts: 4,378 Adamant Posts by user Forum Profile RuneMetrics Profile

Good points. And yeah, I think that'll always happen, the rich will gobble everything up.

I personally wouldn't mind them trickling rares back in from banned accounts, if it were done slowly. I assume they could do that without anybody knowing via the G/E, but maybe I am being a bit sceptical. Also, wouldn't that mean re-introducing duped items? O_o

Item hoarding could be seen an issue in itself, I wonder if they plan on tackling that?

IDEA #4 - What if we had a cap on items we could own, that might fix a few things. It could reflect whatever the G/E buy limit is, for example: You can have 2x of any one type of rare. 0-25,000 of any type of rune, 0-10,000 of any food, etc. What do you guys reckon ? Bob says:

A bank PIN will keep your items secure.

Always check the second trade screen.

Never trade in the Wilderness!

Keep your computer keylogger-free and virus scanned.

Never give your password out to anyone.

22-Jul-2022 10:23:38 - Last edited on 22-Jul-2022 10:24:15 by SlR

Nov

2023

The Atlantis

Posts: 508 Steel Posts by user Forum Profile RuneMetrics Profile

SlR said :
This thread is for anyone to raise concerns about what lifting max cash could do to the economy. I have a 'small' vested interest in the rare market but I'll try to stay objective.

https://youtu.be/UDnOJIxy21U

- JAGEX talking about max cash and price manipulation.

There'll be lots of speculation! if you don't like what others predict, that's OK, just be civil.

I'll kick it off with a thought...
What happens when gold sellers and 'dupers' log back in to dump their stock of rares on the G/E for cash, when the GP limit lifts? I predict it will be used as a form of laundering.

Whoever receives these 'dirty' rares would not be at fault, since the G/E is random, but what about the increased supply that will flood in as a result? Surely it'll cause price drops.
How will that be handled? Is that even an issue? It'd make rares more affordable! Hmm...

Post your thoughts and concerns (and solutions! if there are any / if there should be any) Ty

What do you exactly mean by "Gold Sellers" and "Dupers"? Are you claiming there's players who have an unlimited supply of rares? if so, what makes you think this? It sounds like manipulation to me...

There's nothing that will change the supply from now, why would there suddenly be more rares in the game? The supply will be just as low as now... Trades will happen just as now, it's common sense...

22-Jul-2022 11:19:11

Nov

2020

SlR

Posts: 4,378 Adamant Posts by user Forum Profile RuneMetrics Profile

Hi The Atlantis. Sorry, I assumed people knew about duping. To my understanding, item/gold duplication has happened twice? and JAGEX might not have been able to catch all of them. It's one of those things that is rarely spoken about. The most noteable 'dupe' was with the pink/purple party hat; once the rarest, then one of the more common ones.

All I was saying/asking was: will limitless GP have any impact on the rare market? People seem to think so. I just want to get peoples thoughts on this, and see if there is any logical reason for the panic selling. The way I see it, inflation will always be a thing as long as there are players, regardless of the 1% tax, so items should always trump gold.

Also, I don't know what kind of manipulation I'd be making by saying there could be more rares out there than people think. Though if I'm honest, I'd rather not see rares continue to drop for what seems to be no good reason. I've hedged my bets so I'm quite impartial.

My main concerns are gold-seller 'storage accounts' selling off their dodgy rares on the G/E as a form of laundering. I feel like gold would be way easier for them to transfer or hide on accounts (though this really is speculation, I have no idea).

Also, when everyone was investing in rares, that gold was tied up and acted as a temporary fix to inflation. If the gold is locked into an item then it's not being spent / circulating, but now people are opting for gold, so I wonder, will this raise inflation? It's all a bit mess to me, I can't make any sense of it. I'm sure it will return back to how it was (only after the whales have gobbled up these cheap rares) a final swan-song of the manipulators, lol.

Overall, I'm looking forward to the updates though, it'll be good for the game long-term.

And I agree, long-term it won't make a difference, everything will balance out and it'll be as if nothing changed at all. I'm just curious what will happen in this transition period, that's all. Bob says:

A bank PIN will keep your items secure.

Always check the second trade screen.

Never trade in the Wilderness!

Keep your computer keylogger-free and virus scanned.

Never give your password out to anyone.

22-Jul-2022 14:13:15 - Last edited on 22-Jul-2022 14:20:23 by SlR

Nov

2019

King Wulfe

Posts: 144 Iron Posts by user Forum Profile RuneMetrics Profile

I do hope we see a balance, I know OSRS did something similar "GE tax" and it seemed to stabilize the market a bit but I don't know how the GE limit will work. I bet there will still be people trading rare items how they are currently doing it but new rare owners might stick to the GE to avoid any potential scams.
But will stock be bought up right away on GE if the prices are lower?
Will it just put items back in the hands of Hoarders or shady accounts? Not sure.
I do think that over all, long term the market will cool down and we will see steady numbers. Hopefully inflation can be curved soon as the prices from 2015 to 2022 blow my mind!

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22-Jul-2022 14:52:58

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Lifting Max-Cash Implications