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Dec 7 2016, 21:14
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jacquelope
Group: Members
Posts: 10,454
Joined: 28-July 15

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Dec 7 2016, 21:15
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Superlatanium
Group: Gold Star Club
Posts: 7,633
Joined: 27-November 13

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QUOTE(jacquelope @ Dec 7 2016, 19:14)  ADB 7% and not Ethereal. Likely yes.
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Dec 8 2016, 01:58
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jacquelope
Group: Members
Posts: 10,454
Joined: 28-July 15

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Dec 8 2016, 02:00
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lazyNPC
Group: Gold Star Club
Posts: 3,346
Joined: 8-June 12

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QUOTE(jacquelope @ Dec 8 2016, 00:58)  No use for that.
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Dec 8 2016, 04:32
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Juggernaut Santa
Group: Gold Star Club
Posts: 11,132
Joined: 26-April 12

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QUOTE(jacquelope @ Dec 7 2016, 20:14)  Just saw it in the bazaar (IMG:[ invalid] style_emoticons/default/laugh.gif) Right place. Even 75 WD axes go to bazaar if they're not ethereal. And go for 50k if ethereal...unless you sent them to auction, some guy would be even able to offer 250k for them (IMG:[ invalid] style_emoticons/default/rolleyes.gif)
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Dec 8 2016, 13:02
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Cleavs
Group: Gold Star Club
Posts: 24,314
Joined: 18-January 07

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QUOTE(ppp82p @ Dec 8 2016, 03:32)  Just saw it in the bazaar (IMG:[ invalid] style_emoticons/default/laugh.gif) Right place. and now bought by a lurker. with 80% of the cost of the gear eaten by the system. in these cases i cannot help but thinking that with a proper way to contact all those lurkers, everybody would be happier. except the system, of course. QUOTE(ppp82p @ Dec 8 2016, 03:32)  Even 75 WD axes go to bazaar if they're not ethereal.
that's just a hint of how bad the effect of high BUR is
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Dec 8 2016, 13:18
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Superlatanium
Group: Gold Star Club
Posts: 7,633
Joined: 27-November 13

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QUOTE(Scremaz @ Dec 8 2016, 11:02)  and now bought by a lurker. with 80% of the cost of the gear eaten by the system. in these cases i cannot help but thinking that with a proper way to contact all those lurkers, everybody would be happier. except the system, of course. If player X and Y find a way to agree on a certain deal in order to avoid a credit sink, the value of credits goes down very, very slightly. If everyone finds many ways around credit sinks, the value of credits moderately decreases. In other words, among those who have credit funds, everyone except player X and Y would (very very slightly) prefer X and Y to waste their credits on the system, because that increases the purchasing power of others (or, put another way, does not decrease the purchasing power of others). It sounds heartless, but market efficiency does not always have a perfectly positive outcome for everyone (IMG:[ invalid] style_emoticons/default/tongue.gif)
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Dec 8 2016, 13:23
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Cleavs
Group: Gold Star Club
Posts: 24,314
Joined: 18-January 07

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QUOTE(Superlatanium @ Dec 8 2016, 12:18)  If player X and Y find a way to agree on a certain deal in order to avoid a credit sink, the value of credits goes down very, very slightly. If everyone finds many ways around credit sinks, the value of credits moderately decreases. In other words, among those who have credit funds, everyone except player X and Y would (very very slightly) prefer X and Y to waste their credits on the system, because that increases the purchasing power of others (or, put another way, does not decrease the purchasing power of others). It sounds heartless, but market efficiency does not always have a perfectly positive outcome for everyone (IMG:[ invalid] style_emoticons/default/tongue.gif) is it only my impression or is it some kind of oligarchy? not that HV is so different, btw...
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Dec 8 2016, 13:33
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Superlatanium
Group: Gold Star Club
Posts: 7,633
Joined: 27-November 13

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QUOTE(Scremaz @ Dec 8 2016, 11:23)  is it only my impression or is it some kind of oligarchy? not that HV is so different, btw... Well, one of the notable characteristics of the HV market is that it's incredibly top-heavy. Hath barons, high PL monster trainers, and auctioneers can make 10m+ per week. There are only a relatively small number of players in those categories, but together, they provide most of the force behind the market, and it's incredibly difficult (or real-money expensive) for a player to graduate to that level. I don't have a great sense of markets in other games, but I have a sense that this sheer amount of concentrated market power in the hands of so few is somewhat unusual. RNG is probably more of a factor in many other games.
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Dec 8 2016, 13:50
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Nguoivohinh
Group: Members
Posts: 786
Joined: 25-April 10

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QUOTE(Superlatanium @ Dec 8 2016, 13:33)  Well, one of the notable characteristics of the HV market is that it's incredibly top-heavy. Hath barons, high PL monster trainers, and auctioneers can make 10m+ per week. There are only a relatively small number of players in those categories, but together, they provide most of the force behind the market, and it's incredibly difficult (or real-money expensive) for a player to graduate to that level.
I don't have a great sense of markets in other games, but I have a sense that this sheer amount of concentrated market power in the hands of so few is somewhat unusual. RNG is probably more of a factor in many other games.
It's nothing unusual, it's the 80/20 rule if you've ever heard of it. 20% people controlling 80% of the world, other 80% people controlling 20%, everything else similar to that. [ en.wikipedia.org] https://en.wikipedia.org/wiki/Pareto_principle (fun stuff: it's related to Italy. How I love you Italian guys, easy going and beautiful (IMG:[ invalid] style_emoticons/default/tongue.gif)) In HV it's probably even more extreme, 90/10 or even 95/5. But you get the picture. This post has been edited by Nguoivohinh: Dec 8 2016, 13:52
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Dec 8 2016, 13:53
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Cleavs
Group: Gold Star Club
Posts: 24,314
Joined: 18-January 07

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QUOTE(Superlatanium @ Dec 8 2016, 12:33)  There are only a relatively small number of players in those categories, but together, they provide most of the force behind the market, and it's incredibly difficult (or real-money expensive) for a player to graduate to that level.
fair enough. i never said it was easy. also, it's not like some rich ones didn't do anything to deserve their financial worth: donators supported the site. hath barons and other toplisters are always doing it. and so on. QUOTE(Superlatanium @ Dec 8 2016, 12:33)  I don't have a great sense of markets in other games, but I have a sense that this sheer amount of concentrated market power in the hands of so few is somewhat unusual. RNG is probably more of a factor in many other games.
uh, let's simply say that if you have the means (RL ones, like hath barons, just to make an example) you can somehow exploit the market and shift it in your direction - or better, align yourself with the proper side of the market: afterall, it's not like hath barons created the market, they were created by the market itself imo. if you don't have such means, you can still work your ass for a couple of years and reach a decent level. not enough to engage in certain bidwars, but at least to afford a high-level piece every now and then. still fair-er than RL though (IMG:[ invalid] style_emoticons/default/laugh.gif) i'm not expert in other games as well, but i think the community here is also unusually supportive with other players. a decent amount of (really!) rich players reached a level in which they can afford to indirectly support others without actually being damaged too much, so they do it. other ones don't, but it's still a choice. poor ones support each other too. but i don't see a big amount of people who are hindering each other just to keep their status or such.
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Dec 8 2016, 14:03
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Noni
Group: Catgirl Camarilla
Posts: 13,447
Joined: 19-February 16

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QUOTE(Nguoivohinh @ Dec 8 2016, 12:50) 
In HV it's probably even more extreme, 90/10 or even 95/5. But you get the picture.
So it's actually a lot better balanced wealth distribution than the American system? Good that they get a new govmt that will fight for the rights of the happy few. In HV you can actually relate most of the large incomes to the contribution of the gallery-part of e-hentai, which is good for all of us too. Except the autioneers, of course. Their just ... smart.
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Dec 8 2016, 14:10
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Cleavs
Group: Gold Star Club
Posts: 24,314
Joined: 18-January 07

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QUOTE(DJNoni @ Dec 8 2016, 13:03)  So it's actually a lot better balanced wealth distribution than the American system? Good that they get a new govmt that will fight for the rights of the happy few.
let's keep politic out of this, shall we? i'm saying this also because these days i'm particularly sensible to that due to a certain referendum happened in italy (IMG:[ invalid] style_emoticons/default/heh.gif) QUOTE(DJNoni @ Dec 8 2016, 13:03)  In HV you can actually relate most of the large incomes to the contribution of the gallery-part of e-hentai, which is good for all of us too.
definitely. even star sellers do something good for all of us. except for those that have to go against them on auctions (IMG:[ invalid] style_emoticons/default/laugh.gif) QUOTE(DJNoni @ Dec 8 2016, 13:03)  Except the autioneers, of course. Their just ... smart.
they offer a service and are paid for that. terms of the service are clear, especially for those who agreed with those. the amount of the benefit they take from that service is a mere consequence of the market as well (IMG:[ invalid] style_emoticons/default/tongue.gif)
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Dec 8 2016, 14:43
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Noni
Group: Catgirl Camarilla
Posts: 13,447
Joined: 19-February 16

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QUOTE(Scremaz @ Dec 8 2016, 13:10)  they offer a service and are paid for that. terms of the service are clear, especially for those who agreed with those. the amount of the benefit they take from that service is a mere consequence of the market as well (IMG:[ invalid] style_emoticons/default/tongue.gif) Oh, I meant it in a most admiring way. That auction system with the proxy bidding must've taken a lot of effort to build, an it works perfectly.
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Dec 8 2016, 14:44
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vplusvvisvvv
Group: Catgirl Camarilla
Posts: 1,827
Joined: 5-August 15

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Dec 8 2016, 14:45
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Noni
Group: Catgirl Camarilla
Posts: 13,447
Joined: 19-February 16

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QUOTE(vivikinomoto123 @ Dec 8 2016, 13:44)  10-20m I think. Break open the champagne!
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Dec 8 2016, 16:19
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Superlatanium
Group: Gold Star Club
Posts: 7,633
Joined: 27-November 13

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QUOTE(Scremaz @ Dec 8 2016, 11:53)  ...supported the site... other toplisters are always doing it Luna (and others including me) would like a word with you (IMG:[ invalid] style_emoticons/default/tongue.gif) QUOTE(Scremaz @ Dec 8 2016, 11:53)  it's not like hath barons created the market, they were created by the market itself imo. if you don't have such means, you can still work your ass for a couple of years and reach a decent level. not enough to engage in certain bidwars, but at least to afford a high-level piece every now and then. still fair-er than RL though (IMG:[ invalid] style_emoticons/default/laugh.gif) They're still the market movers for most of the top-tier gears and useful items. EDs would not be at 93k+ without multiple rich players like Mao being able to afford so much. Crystal packs would still be at 26k-27k like they were some months ago before people like me started buying in large quantities (price now 36k-something). High EDB Radiant and Charged Heimdall and Freyr goes for 20m+ as those players compete with each other. Our competition mostly sets the prices, at least for certain types of things. QUOTE(DJNoni @ Dec 8 2016, 12:03)  So it's actually a lot better balanced wealth distribution than the American system? Good that they get a new govmt that will fight for the rights of the happy few. In HV you can actually relate most of the large incomes to the contribution of the gallery-part of e-hentai, which is good for all of us too. Except the autioneers, of course. Their just ... smart. It's somewhat in the interest of game developers to keep things at least somewhat balanced, so that the majority of players aren't completely overrun by the financial interests of the few who have the most income. There will always be income disparity, but developers generally want to keep it from getting too wide. HV's is unusually wide, but thankfully we're still functional. The issue in real life is that there are no such developers with an eagle-eye view of the system and the means to control it. Whether that's exactly a good thing or a bad thing is debatable, but we get coordination failure and [ slatestarcodex.com] Moloch. QUOTE(vivikinomoto123 @ Dec 8 2016, 12:44)  464, EDB 85%, Int 71%, Wis 88%, Agi 96%, Evd 79%, Pmit 35% Wow. That's a whole lot of high-percentile stats, which is incredibly rare. It might be the best Mjolnir cap that isn't Radiant Peerless. (if EDB was 90%+ it might even be the best non-Peerless cap among all elements) Agree with DJNoni, it's worth quite a lot.
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