[X] My Assistant

Hey guys.

Just a quick thought today.

So, since a lot of months, GP is worth more and more each week.
Gold is worth less and less when we compare to GP.
Haths is quite stable (6050-6150), but is decreasing a little bit.

Well what's bad in that economy?

GP is not only a safe-heaven, you also win when you just buy it, and just wait while other money are getting lower each days. You wait, you win.

So here we go, GP will continue to rise, and people whom just want to do nothing now with their gold or haths, are selling it to get GP.

And so GP are wanted, and it grows, grows ... So far so good!

But well I think it would be great to come back to a balanced economy, don't you think?

Two ways to do that:
Raise a really little bit the amount of GP you make (like 3% more would be enough I guess)
or
Lower the amount of gold you make in the hentaiverse (around 5% less)

?

This post has been edited by Falcolight: Sep 30 2016, 20:59

What problem do you want to solve?
You want to go back to fixed exchange rate?

Supply and demand, if GP is worth more it must be because people want it, I don't see what is wrong with that.

If GP is worth so much I am not sure how your suggestion of lowering the amount of GP people make by 3% would help, that would just drive the price of it up higher (probably by about 3% or whatever equivalent to make up for the fact that ther are less of them around), added to your suggestion of lowering the amount of credits people make, means those higher cost GPs take longer to afford because you are now not making credits as quickly.

This post has been edited by Mrsuperhappy: Sep 29 2016, 22:22

Lower the amount of gold you make in the hentaiverse (around 5% less)

?

What is gold... In this game? (IMG:[invalid] style_emoticons/default/mellow.gif)

Warning: A) accidental research paper B) non-economist trying to do economics C) personal opinion with implicit assumptions.

Really interesting question. I do not remember economics very well and I find your lack of argument disturbing, but I will try. I think the current situation is pretty normal as the values of currencies reflect their intrinsic values; it just makes life harder for credit-earners as their purchase power is eroded.

1. Why GP is strong
Like Mrsuperhappy argued, the fact that the value of GP keeps rising just means people have found GP to be more useful than credit. This is hardly surprising since the gallery is the core functionality and GP is the main currency used there. Moreover, both the gallery system and the user base are expanding very quickly and that creates higher demand for GP independently of credit. However, this higher demand is not matched by higher supply, as the number of uploaders and contributors is increasing at a much lower rate, if not decreasing, hence creating demand-pull inflation.

Lastly, this is not a real economy and we do not need to worry about bubbles or inflationary consequences, so having an imbalanced system is ok. A crash will only happen when 99% of the gallery is permanently deleted and HentaiVerse becomes the core functionary of this site, then we will have the great E-H depression.

2. Why credit is weak
You said it yourself:

So here we go, GP will continue to rise, and people whom just want to do nothing now with their gold or haths, are selling it to get GP.

People ditch credits and haths because they do not find a use for them right now.

3. Why GP is not a safe-haven if it keeps going up (slightly off-topic)

GP is not only a safe-heaven, you also win when you just buy it, and just wait.

Well, if the value of GP really just keeps increasing forever, then buy-and-hold GP is just the very norm. Since there is no market turbulence, GP is not a safe-haven because there is no risk anyway and you do not win because this is just the normal thing everyone should do. If this really happens then credit would be worthless and should be removed.

4. Why your plans are not very good

Two ways to do that:
Lower a really little bit the amount of GP you make (like 3% less would be enough I guess)
or
Lower the amount of gold you make in the hentaiverse (around 5% less)

Again, like Mrsuperhappy mentioned, given the existing demand for GP, reducing the rate of GP generation will lead to cost-push inflation and make GP even stronger. At the same time, this means your plan B will work and it will theoretically bring the value of credit up and GP down. However, it may have little effect on exchange rate if people still find GP to be much more useful than credit, and it may do more harm than good as it further hurts the purchase power of credit-earners.

5. What to do
The only way to truly strengthen credit against GP is to increase its importance and/or uniqueness by adding more credit-related functions, but I doubt this is easily doable. If you really want to bring balance to the exchange rate, perhaps you should really ask for a fixed exchange rate.

I don't see a problem here...

Everyone is hoarding GP for when a good staff comes in lottery. Someone need to auction a few good peerless staff in the WTS section and the GP price will definitely comes down.

Damn, as of writing, there are only 40000 kGP on the market.

Everyone is hoarding GP for when a good staff comes in lottery. Someone need to auction a few good peerless staff in the WTS section and the GP price will definitely comes down.

It won't change much, rich players have literally nothing to spend credits/hath on apart from peerless gear.
If they get a staff they will start waiting for peerless radiant/charged phase.
And they still bid to get tokens even if the equipment is crap (because they have nothing else to do).

GP is going up because of the changes to the free gallery downloads low level donators get and changes to the downloader for H@H servers.

People were getting a large volume of data for a small contribution and that formula has been tweaked a little bit hence the change in GP price.

Damn, as of writing, there are only 40000 kGP on the market.

What? I alone have more than that. I guess I should do some market manipulation then.

Actually the problem is the hath perks.

It'll be way easier for people whom join now and make some upload to get priviledges than it was before.

And it'll be way harder for people whom just began playing hentaiverse now.

@rraven314 Don't be such arrogant. I wrote my thread too fast, just modified it now, obviously I didn't wanted to say "lower" the amount of GP you make, but "Raise" it's obvious, but thanks anyway.

This post has been edited by Falcolight: Sep 30 2016, 21:02

@rraven314 Don't be such arrogant. I wrote my thread too fast, just modified it now, obviously I didn't wanted to say "lower" the amount of GP you make, but "Raise" it's obvious, but thanks anyway.

Wow, sorry, I did not mean to be arrogant. My apologies. Like I said at the beginning, I found it to be a really interesting topic, but I must have been overly excited. My arguments look valid though.

EDIT: And, ugh, I have to say it was not very obvious that you wanted to say "raise"; since you said "lower" and "less" at the same time it was hard to think otherwise or consider it a typo.

What? I alone have more than that. I guess I should do some market manipulation then.

Yay, quantitative easing! :D

This post has been edited by rraven314: Sep 30 2016, 21:55

What? I alone have more than that. I guess I should do some market manipulation then.

Bruh, that would be kinda fun. I have enough of all 3 to crash/manipulate the markets for a while I think...

This post has been edited by Spectre: Oct 1 2016, 05:45

I don't see a problem here...

What chung said. Do... Do we really worry about virtual porn currencies now? Like, really?

I knew some people were big on GP whoring and stuff, but now that's just hilarious. I randomly give away Credits and Hath because I have no use for what little I have - my only sources are the handful of uploads (like 50-100 at most and they're not even good galleries) and the confectionaries, if it wasn't for the unexpected star bonus and ticklish feather I tried to avoid. (IMG:[invalid] style_emoticons/default/rolleyes.gif)

I forgot comments but if people are commenting for GP or toplist points, they're doing it wrong. Don't do stuff for toplist points. Ever.

Also, Ghosty and Eso, post some numbers to make people cry while we laugh. And have Stony and Jenga join in too. (IMG:[invalid] style_emoticons/default/laugh.gif)

Next thing up people will be making threads about pow... Oh, wait. There's one already.

EDIT: I also forgot the fact HV now has a GP lottery system. Please accept my apologies, I stopped playing it before it was even implemented.

This post has been edited by Luna_Flina: Oct 1 2016, 12:53

Yeah the GP lottery is a big contributor. Some of the major lottery rewards have gathered hundreds of thousands of tickets (at 1kGP per ticket) whereas people selling/buying gear from each other just move credits around instead of removing them from the system.

Also, Ghosty and Eso, post some numbers to make people cry while we laugh. And have Stony and Jenga join in too. (IMG:[invalid] style_emoticons/default/laugh.gif)

okay



I'm sure once I get through my current weekly limit of 260gigs of free gallery downloads that I will start using all that GP.

This post has been edited by EsotericSatire: Oct 1 2016, 16:37

okay



I'm sure once I get through my current weekly limit of 260gigs of free gallery downloads that I will start using all that GP.

You can spend 20000k GPs on Weapon Lottery and Armor Lottery each every day.
I believe it will be fast to consume those GPs. (IMG:[invalid] style_emoticons/default/rolleyes.gif)

I made a post awhile ago.

The purpose of the economy is to encourage user participation (donation, H@H, torrent, bounty, uploading, tagging, birthday etc.). That's a lot of supply. However, there is not much demand for it beside Hentaiverse.... Hath perks, doggie bags, etc. don't need much.

GP Exchange went bonkers today (IMG:[invalid] style_emoticons/default/laugh.gif)

This post has been edited by chung2795: Oct 2 2016, 08:03

GP Exchange went bonkers today (IMG:[invalid] style_emoticons/default/laugh.gif)

Low GP might mean more hentai but tears are best quality lube.