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Faultysanity

Faultysanity

Posts: 890 Gold Posts by user Forum Profile RuneMetrics Profile
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Why bonds wont work and why this is a new low for jagex:

OK so there are some pretty fundamental flaws with this concept, and the end product being that it may in fact do the opposite of what was "intended"... and I use the word indented lightly, and I'll talk about this a little more later.

The majority of people will ONLY buy bonds if they sell for a competitive price versus the gold selling websites, which would be fine if you were selling gold directly. but because you are selling an in game item, users then have to rely on that item selling on the ge, which will more than likely decrease in value, dropping lower than that of a gold selling website.

When this happens, the remaining gold farmers could use the gold they farm to buy bond on the ge, and essentially undercut jagex in the sales of bonds.

I would go into more reasons/details why this is flawed, but its honestly not worth it. All in all this it just a scheme for jagex to cash in on the apparent 50% of players who are currently buying gold. and I'm sure they will make some money from it so i guess they can call it a job well done. sadly, most people (my self included) will just see this as another low point in jagex's long line of disappointments.

not bad :|

26-Sep-2013 03:06:00

Love panduhh

Love panduhh

Posts: 379 Silver Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.
Ok, so the bonds themselves aren't the worry here for me as such.. It's more your financial stability I am concerned with now.

From years of experience now (from about 2005 to the present) I've known you guys to use RWT and Anti-Bot as an excuse to mess about with the core mechanics and rules of the game. Some I've agreed with, some I haven't been so adaptive.

This one worries me more than any other to date... Is Jagex falling at the final hurdle? Why this sudden and unexpected turnaround? Is it really that you as a company have come to a realisation that such a number have used goldfarming sites? Or is it that you simply want to milk the final bulk out of the company before either selling up or shutting shop?
I'd rather you were honest with us here, something smells mighty fishy and with so many hours of my life, so much cash injected and so much faith in the future of this game I'm now asking myself: Should I just get out now before it's all entirely worthless and gone?

I need a little security in knowing the future direction of this company and game now.. With Solomon's all on sale (and trying to attract loyalty as another currency), Super September trying to keep people logging in daily, content being thrown back every other week, HTML5 BETA going silent, EoC still being problematic (and annoying, feels like it should still be in BETA) and hundreds of other random defects which raise an eyebrow or two even before this announcement..

I wouldn't expect an answer to this as it would severely damage the company.. But at the same time I hope you understand my own concerns.
:|
~Z

26-Sep-2013 03:06:28

Randynumbers
Dec Member 2012

Randynumbers

Posts: 563 Steel Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.
Bond – Obligations

Lets run the numbers:

150-170B gp added to game every day
3.700B was deleted this year. (270 days)
3.700B/270days= roughly 14b per day gets deleted.
14/150 to 14-170b gets deleted. So 8-9% gets deleted.
This means 91-92% of all daily added GP is either kept by farmers or sold to players.
About 80,000 people actively play runescape atm (information obtained by season highscores, i know it can be somewhat off but theres no other public info)
40% to 50% of them buy gold so
32.000 to 40.000 of them buy gold
Going by averages:
160b*0.91 = 145.6b sold to gold buying players every day
36.000 players buying that concludes gold buying players buy an average of 4 mil a day.

So how much will bonds be worth and What does it mean for our economy?

The poor player wanting to buy in-game advantage compares the price of the gold-farmer to the value of the bond, and chooses to buy the cheapest option. So bonds will be worth whatever Gold farmers will make the price per mil. This is currently about $0.30, making bonds worth 10 mil atm.
The rich player has no problem wasting some mills to save a few dollars. So rich players will be circulating existing GP to poor players and extend their membership, paid for by the poor player.
Players can now legally buy in-game advantages with money. A promise Jagex had earlier made to never do. So why did they do it?
Jagex stated that they can’t tackle this problem because of player demand for GP. Jagex states they did it to effectively destroy the business of gold farmers. But Let’* examine.
Poor players can now buy gold from a farmer or from a player. When the player buys it off the farmer the farmer gets money, when the player buys it off another player, he has paid jagex for a bond. The poor-player will choose for the cheapest option the prices will pretty much always level the same. As soon as the illegal market becomes cheaper,

26-Sep-2013 03:07:48

E Bom

E Bom

Posts: 740 Steel Posts by user Forum Profile RuneMetrics Profile
All your doing is replacing the gold farmers/bots with Jagex. You are still selling gold to players but positioning yourself to gain all the profit. People are still going to be able to buy gold... Isn't that the real issue? or is it since 40-50% of members purchase gold your going to give up your original vales and just give in.

Sure this is good for your business, but the fact you're being sneaky with how you word this is whole thing is ridiculous.

- If bonds are not extremely popular this will not solve anything. You need enough demand from players to create a competitive price for gold. If gold farmers can still gain supply of gold cheaper than the price of paying for a bond, then there will still be offsite gold buying going on in-game.

- All I see Jagex doing is sticking their heads into the market. Your like Microsoft Windows trying to get in the phone market and trying to compete with Apple. This is not going to work for the Runescape community as how you portray it, but it will work in favor of Jagex's cash flows.

- E Bom

26-Sep-2013 03:09:28

Randynumbers
Dec Member 2012

Randynumbers

Posts: 563 Steel Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.
"It doesn't work because ppl will still buy it there if its cheaper than bonds"

The price of the illegal market GP is directly related to the value of bonds, the buyer will shop for the cheapest option, thereby making them always be worth the same, assuming the market always levels out.

Example:

Illegal market price per mil = $0.30
Bond price = $3
Value of bond = whatever $3 van get you in gp (illegal market says 10m, so the value of the bond is 10m)
Price of membership per month = $6

Illegal market lowers price to $0.15 per mil
Bond price = $3
Value of bond = whatever $3 van get you in gp (illegal market says 20m, so the value of the bond is now 20m)
Price of membership = $6


All this change does is 1. circulate more existing cash 2. Take a cut out of the illegal markets profits. 3. increase profits for jagex.
so you see, whatever the price of the illegal supplier, the value of bonds will adjust to them. its genius.

26-Sep-2013 03:10:07

Batfan7
May Member 2020

Batfan7

Posts: 50 Iron Posts by user Forum Profile RuneMetrics Profile
As one of those 'play forever and have RS coins to burn' folks (sadly, not maxed though), I think this is a good idea. Personally I can't imagine anyone being stupid enough to pay real money for gold-farmed "play money", but since this seems to be a real problem, this seems to be a great way to fix it. I'd happily pay my RS coins to receive membership fees in return. If my fake money goes to someone who want to pay real dollars/pounds/whatever in exchange, I guess I'm fine with that (I think it's stupid of them, but hey, the world is full of idiots).

26-Sep-2013 03:12:12

Shojo Dagger
Mar Member 2012

Shojo Dagger

Posts: 544 Steel Posts by user Forum Profile RuneMetrics Profile
very interesting, I hope that they will do what you intend them to accomplish in terms of improving the game & killing goldbots.
I'm sure there will be players who automatically decide to hate them or complain without even reading how they will work.
I play another online RPG with a similar item called a "Mr. Accessory". That game is a free "indie" game that is funded through donations rather than subscriptions. For every $10 a player donates they receive a "Mr A" as an in-game item which can be used & traded/sold in-game to other players for in-game currency.
So these new bonds are a similar concept. What we obtain too easily, we esteem too lightly, it's dearness only that gives everything it's value.

26-Sep-2013 03:14:17

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