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new forum rule proposal

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Chewin Gum2
Jun Member 2020

Chewin Gum2

Posts: 478 Silver Posts by user Forum Profile RuneMetrics Profile
I perceived price manipulations in low volume, high priced items such as Second-Age items though posts about rarity which are already public through loot rates on the Runescape Wiki.

It is already the second time prices of second-age are manipulated by threads and posts about rarity and speculation about rarity.
I made another thread about it too in item discussion to prevent people to lose their money again in the same issue.

Examples of price manipulation, that falls into this "grey zone" are the recent thread of
17-18-824-66199235 with the title "How rare is second age?",
and
17-18-156-66080645 with the title "How Rare is Second Age Armor?" of 2019.
There are surely many more of this sort with other items.

I've been in the second age market since almost 2 years so I can judge their prices very well and how they react. I also monitored their price changes over the years.
Prices usually got pumped when speculations about rarity were posted on forums and got dumped a bit later. This could be titled as "insider trading".

This should be prevented from happening, as any post about such calculations or speculations about rarity manipulate prices by default and are likely to be used or abused to enrich oneself or others that tell somebody to post such threads in order to prevent other players to know who initiated the post.

Therefore, I propose a rule that prohibits the posting of threads and posts of speculation about rarity to prevent price manipulations, as information about rarity is already published on runescape wiki and should not be used by the will of players to benefit from knowing about or planning to post already published information again .

24-Jan-2021 00:01:20

Corder
Oct Member 2017

Corder

Posts: 27,892 Sapphire Posts by user Forum Profile RuneMetrics Profile
Hi Chewin Gum2,

I don't think it's a good idea to leave QFC's accusing these threads for price manipulation. It might not be an official rule but, there are often better ways to get your point across.

Think it's Ok to speculate on rarity. So long as people aren't blatantly scamming other forumers, I don't think it's worth the FMod's time to strictly judge whether every post there is manipulation or not.

If you think a post a violating the game rules , best I can suggest is flagging it on Forum Help . If it's invalid I'm sure the FMod will leave you feedback.
*rewording Life is like a camera: Just focus on what's important, capture the good times, develop from the negatives, and if things don't work out, take another shot !

24-Jan-2021 01:47:53 - Last edited on 24-Jan-2021 02:30:58 by Corder

Chewin Gum2
Jun Member 2020

Chewin Gum2

Posts: 478 Silver Posts by user Forum Profile RuneMetrics Profile
Of course it is ok to speculate on rarity, it is though price manipulation to drip information that changes prices in the forums by a players will, there cannot be any other conclusion about this.


I talked to another moderator about it and he told me that it is a grey zone for sure.


It is not ok to privately decide when to post about such things after buying stock.
In the real world one can prosecuted for exactly that
, its called insider trading and penalties can be serious.


what is insider trading?



somebody uses information tools in order to manipulate market prices after initiating a position. I.e. buying stocks before telling others to do so. It does not matter if you tell them directly to initiate a position because something is awesome or if you indirectly publish information that makes people react correspondingly.

The results are the same and that's what real judges refer to.


That is exactly
the reason why analysts need to disclose conflicts
of interest at the end of financial articles. This is in order to support a level playing field of financial information, to prevent price manipulations, pump and dump schemes and so on.


Everybody who argues against this is possibly somehow involved in the same case, otherwise why be against a level playing field.

24-Jan-2021 16:55:58 - Last edited on 24-Jan-2021 23:29:26 by Chewin Gum2

Corder
Oct Member 2017

Corder

Posts: 27,892 Sapphire Posts by user Forum Profile RuneMetrics Profile
Hmm, it's nice to know more about this issue. But, I wouldn't think anyone in the FMod team wants to be tasked with this. It seems like detective work. So, unless they recruit some of the item discussion specialists to the FMod team, I've got my doubts on this.

Think it's best to leave questionable topics be, so long as we don't start seeing increasing rates of abuse on those sections. If it gets that bad I'd vouch for removing them altogether. Life is like a camera: Just focus on what's important, capture the good times, develop from the negatives, and if things don't work out, take another shot !

24-Jan-2021 19:52:48

Chewin Gum2
Jun Member 2020

Chewin Gum2

Posts: 478 Silver Posts by user Forum Profile RuneMetrics Profile
Well, it is an issue that possibly also affects
hazelmere ring
, see for example 17-18-257-66199786 and other items that are of low volume.
The issue theoretically seems to be somehow independent of price, as the discussion about rarity can spark sudden spikes in demand of any item and thereby can easily be exploited.

It would be a rule easy to implement in order to address price manipulation that seems to be quite common on runescape.

Confine rarity disclosures to
runescape wiki only
and prevent players to utilise this grey zone of creating "news" that aren't really news i.e. playing with other people's interest in items steered by forum threads.
I don't think that's of the interest of the rs community.

24-Jan-2021 23:47:10 - Last edited on 25-Jan-2021 00:40:51 by Chewin Gum2

2_Tron

2_Tron

Posts: 22,959 Opal Posts by user Forum Profile RuneMetrics Profile
There's no new rule needed, Jagex just have to step/walk away from these trades and don't be bothered by it as it doesn't add anything good to RuneScape/OdlSchoolRuneScape other than real-world trading possibilities. :)
It would be best to erase these markets from any online game in the world. ;)

26-Jan-2021 10:32:11

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