ARR Gil Cap Reduction

[Dubont]

How many times have we had a redenomination since launch? Never? Oh OK. Carry on...

I just had an idea. I should sig all the stubborn ones like Dubont here so they live on in shame once prices ad gust and everything works out.

You act as if this redenomination is the only thing that would drive the price on goods down. You know, here in the US, the value of a dollar went down. Did the price on goods go down? NOPE. They went up.

[NoctisUmbra]

You act as if this redenomination is the only thing that would drive the price on goods down. You know, here in the US, the value of a dollar went down. Did the price on goods go down? NOPE. They went up.

Yup. Good thing the value of our gil is going up with this. Hence prices will go down.

You truly are lost, aren't you?

[Shougun]

You act as if this redenomination is the only thing that would drive the price on goods down. You know, here in the US, the value of a dollar went down. Did the price on goods go down? NOPE. They went up.

The US didnt do a redenomination, so your example to what he said is mute...

[Rannie]

You act as if this redenomination is the only thing that would drive the price on goods down. You know, here in the US, the value of a dollar went down. Did the price on goods go down? NOPE. They went up.

that's called INFLATION which is different. Lets put this as an example... During the US Civil War the southern states created their own money... however due to the economy being unstable and the mass production of said money and no federal reserves (which during that time before the war the reserves back the currency now it's based on trust and not gold or silver standard anymore) to back it. It caused the prices to sky rocket it was for example $500 southern dollars to buy a loaf of bread. That is inflation what Yoshi-p is doing is reducing the amount of money that is able to be produced in rewards and what we can hold. Which doesn't mean the value of the gil lessens it actually increases said value because it's a rare commodity. AKA why do you think that the world isn't flooded by gold and diamonds because it can be with all the diamond mines in Africa. People are controlling the diamond and gold market as to keep the value high.

[Duuude007]

You act as if this redenomination is the only thing that would drive the price on goods down. You know, here in the US, the value of a dollar went down. Did the price on goods go down? NOPE. They went up.

What you are challenging as redenomination is exactly the opposite.

Inflation: Value of dollar drops, so the quantity of dollars must be increased in order to purchase the same goods.

Deflation (can be artificially created through redenomination): Value of dollar increases drastically, so number of dollars needed to purchase the same goods is reduced.

[Orophin]

For those who are afraid of prices remaining at 1.0 levels, this is likely the scenario:

Gillionaire hoards crafting materials in order to amass profit come 2.0

Gillionaire, upon 2.0 release, sets the "standard" prices as they were in 1.0 or higher

New player #1 enters the game. Sadly he's a bit new, so he thinks market prices are the true value of an item

New player #1 pays the current market rate, providing Gillionaire a sizeable profit (in terms of constant currency).

Except, ya know, New player #1 isn't going to have the money amassed to pay what things used to cost. Market history is probably going to be wiped anyway, so you'd have to actually track all the old prices of everything and HOPE someone buys things at the exorbitant rates.

Real scenario is veteran player hoards materials and dominates the market early on, albeit at a much smaller value than 1.0, until others contribute to the market where competition will then occur and prices will shift to a realistic number.

I think as Yoshi-P pointed out, the best thing you can do with your money right now is nothing. Keep amassing it, because the more you have now, the more you'll still have in 2.0. I have 10 million right now. If I make it to 20 million before Nov 1st, I'll have 2 mil instead of 1 mil in 2.0.

[NoctisUmbra]

What you are challenging as redenomination is exactly the opposite.

Inflation: Value of dollar drops, so the quantity of dollars must be increased in order to purchase the same goods.

Deflation (can be artificially created through redenomination): Value of dollar increases drastically, so number of dollars needed to purchase the same goods is reduced.

Like medicine for my brain after reading through Dubont's posts.

[Dubont]

Like medicine for my brain after reading through Dubont's posts.

Nice sig. I'm going to ask that you change it though

[Ferth]

Nice sig. I'm going to ask that you change it though

The we're going to have to ask you to stop being an idiot.

[Dubont]

The we're going to have to ask you to stop being an idiot.

I'm not the idiot here. I've seen these markets since launch. Nothing has changed and I doubt that it will change at 2.0. My statement still stands. Though, thanks for showing me that the majority of players in this game are about the same level of intelligence as WoW players.