Ok Gil question from live letter

[Zumi]

If they mess with my gil I am out. I worked hard for it and spent a lot of free time earning it fair and square. I don't mind the whole cap being at 100m, okay fine. Or..if my gil holds the same value it currently does, that is fine with me also.

You are going to quit over them reducing everyone to 1/10 of their gil? If you have 100m you will have 10m but it will still have the same purchasing power as before. Everyone is getting reduced to 1/10 of their gil.

Sure some people at the start may try to sell stuff for the old prices but once they see that it won't sell they will have to lower their price.

[Griss]

At times like this I am reminded of when they tacked on the extra 0 to main scenario rewards and such back in testing.

[Alhanelem]

If they mess with my gil I am out. I worked hard for it and spent a lot of free time earning it fair and square. I don't mind the whole cap being at 100m, okay fine. Or..if my gil holds the same value it currently does, that is fine with me also.

They're not "messing with" your gil. They're scaling EVERYONE's gill, all gil given out, all NPC buy/sell prices, etc. Everyone is affected by this equally and nobody gains an advantage or disadvantage as a result.

If you have 100k now, you'll have 10k after- but the item you wanted to buy for 50k will only cost 5k after, so you haven't lost anything. the overall buying power of your new amount of gil will be exactly the same as before.

If people are stupid and try to change the same amounts they did for stuff before, they'll be able to see almost nobody will be able to afford their price and will have to drop their asking price to a porportionate level to the current value of gil.

To me it makes sense- in small part because we have a level cap of 50 (known not to be final) and the numbers we work in are already huge. Smaller numbers are easier to work with.

[Mikita]

Ok so i know there are 2 translation from the letter one from the official GM of this forum and a random person that translated it. The random person state that yoshi said he will be taking 1 digit of gil meaning if you have 1000 you will have 100 in 2.0 56mil to 5.6mil etc. But in the translated question that was made by the GM in the forum he only has the question that hes taking out 1 digit from the cap only?

So my question is are people with only CAP gil is affected or everyone will loose 1 digit?.

Reinheart's translation is correct.

Bayohne's post was not incorrect, but it was not complete and ended up giving the wrong impression.


*phew* Just found a good and official translation.

http://forum.square-enix.com/ffxiv/t...l=1#post831748

[KingBerry]

Well thats good ill just be pissed if i see the same prices in 2.0 from 1.0 i hope players aren't that dumb to think the value will stay.

[Chardrizard]

They're not "messing with" your gil. They're scaling EVERYONE's gill, all gil given out, all NPC buy/sell prices, etc. Everyone is affected by this equally and nobody gains an advantage or disadvantage as a result.

If you have 100k now, you'll have 10k after- but the item you wanted to buy for 50k will only cost 5k after, so you haven't lost anything. the overall buying power of your new amount of gil will be exactly the same as before.

If people are stupid and try to change the same amounts they did for stuff before, they'll be able to see almost nobody will be able to afford their price and will have to drop their asking price to a porportionate level to the current value of gil.

To me it makes sense- in small part because we have a level cap of 50 (known not to be final) and the numbers we work in are already huge. Smaller numbers are easier to work with.

You don't fix stupid, she has been saying the same thing on every single thread as if she doesnt read any of explanation you guys gives.

[Felis]

I quote myself

Say item x cost 20m in 1.0. Someone want to sell it in ARR for 15m (150m in 1.0). Most players have less than 7m in ARR (70m in 1.0).
The seller can now decrease his price or wait until the players have enough money. But don't forget, we get 1/10 gil from leves, from stuff we sell to npc, from quests, from chests and from monsters (I hope they change the "earn x gil from killing enemies" achievement). It get harder to earn the missing gil to buy the item that cost 15m. So the seller have no other choice than to decrease his price.

[darkstarpoet1]

I quote myself

i agree with you in theory. people will originally try to sell items for that original 20 mil and it won't sell. they will then drop it to 15mil and it probably won't sell there either, but after a few more drops the item may sell for 6mil. it will be selling for 14mil less than it did before, but the profit after the new currency could be much higher. in the above example the going rate would have been 2 mil, but since someone bought it for 6 then it'd selling for 300% of the expected rate.

i'm not saying all items will sell for that much more above the expected conversion rate, but i do expect the values of certain items to change due to a difference in demand due to less overall currency to blow. i say this because of items like foods and potions are more of a needed item so i doubt they ever drop to that 10% of the original price, but other items will probably wind up falling to below that 10% price. i don't ever see shards selling for 3-7 gil nor foods for 100 gil, but i can see a 500k sword dropping to 50k.

when people only have a few hundred k they're not likely to spend hundreds of thousands on one item, but they are likely to spend it on foods and all even if it's half the price it is now.

[LemmingKingXXX]

i agree with you in theory. people will originally try to sell items for that original 20 mil and it won't sell. they will then drop it to 15mil and it probably won't sell there either, but after a few more drops the item may sell for 6mil. it will be selling for 14mil less than it did before, but the profit after the new currency could be much higher. in the above example the going rate would have been 2 mil, but since someone bought it for 6 then it'd selling for 300% of the expected rate.

i'm not saying all items will sell for that much more above the expected conversion rate, but i do expect the values of certain items to change due to a difference in demand due to less overall currency to blow. i say this because of items like foods and potions are more of a needed item so i doubt they ever drop to that 10% of the original price, but other items will probably wind up falling to below that 10% price. i don't ever see shards selling for 3-7 gil nor foods for 100 gil, but i can see a 500k sword dropping to 50k.

when people only have a few hundred k they're not likely to spend hundreds of thousands on one item, but they are likely to spend it on foods and all even if it's half the price it is now.

that's the beauty of market fluctuations, prices will drop to the extent that the buyers will accept the price, this acceptance has a metric posteriorquantity of factors that come in to consideration, only one of which is available currency

[Matsume]

What will prevent this from happening:

Gillionaire has 999mil gil. 900 normal players have 1 mil gil each. Gillionaire Spends 900mil gil equally amongst each player buying up all the HQ materials in the game causing short term hyper inflation. Gillionaire now has all the HQ materials on the AH + 99 milion gil. 900 normal players now have 2 mil each. ARR launches, Gillionaire still has all the HQ materials, and now 9.9 mil gil while the 900 normal players only have 200K. Normal players now want to buy HQ crafted gear that gillionaire makes. Gillionaire sells back the now transformed HQ materials to the players he bought them from for 150K each (1.5mil pre ARR); Normal Players pay 50% more than they had sold materials for cause Gillionaire controls the market and they have no choice but to buy at his prices. Gillionaire now has 9.9mil + 900x 150K (135mil). Gillionaire spends excess gil on HQ materials ensuring he maintains control of the market.

The rich get richer, the poor get poorer. Am I missing something?

The gil cap reduction looks good on paper and in theory, but then again so did those mortgage backed securities and derivatives that caused the world wide economic crisis.

Obviously, I am imagining the worst case scenario where the rich take advantage of the poor, but show me proof that this doesn't already happen?

SO, what measures will be put into effect to prevent players from doing this? I know that the morning after the official announcement on the Live Producer Letter that literally all materia were bought off the AH on my server. What's to stop them from hoarding all the HQ darksteel/gold/mythril/cobalt/electrum ore?

New items? Increase in level cap? New recipes? New base materials?