ARR Gil Cap Reduction

[NoctisUmbra]

Its slightly more complicated than that. As that makes it so anything that used to cost, say... 100 gil, if still listed at 100 gil, is a 90% increase in price. The problem lies in the fact that, those used to the current pricing will NOT begin charging 90% less for all their items. An item that sells in the MW for 10k, is NOT going to drop to 1k. It will remain at 10k. So beyond NPC values (which hold extremely little control over the economy), all they're really doing is making everyone poorer.

Oh, but they will. Sure prices won't change immediately but they definitely will drop, and likely drop rapidly. When everyone has 10% of what they used to then they won't be buying certain things for what they're willing to pay now.

I'm not saying there won't be some sort of transitional period... in fact expecting there not to be would be silly for many other reasons as well considering gathering and crafting are undergoing fundamental changes... but rather I'm pointing out that what they're doing isn't a Gil wipe... it's a digit drop.

[Sounsyy]

A 90% reduction to the currency as a whole is not "taking gil away." It is a measure against overly-inflated values.

Nobody loses wealth, the way their wealth is numerically represented is changed.

I'm sorry, but I beg to differ. This would be true if players ONLY bought things from npc at npc prices.

If I have 5 million gil in 1.0 and then I go into 2.0 and now I suddenly have 500k. You must be some kind of gullible to expect that people are going to be putting new gear/triple melded gear/whatever up on markets for 500k or less. Players who put gear up for 2mil gil on markets in 1.0 are not going to put that same piece of gear up on 2.0 markets for 200k. It's still going to go up for 1-2mil. But unless you had 10-20mil in 1.0, this once affordable item is now WAY out of your price range.

[NoctisUmbra]

I'm sorry, but I beg to differ. This would be true if players ONLY bought things from npc at npc prices.

If I have 5 million gil in 1.0 and then I go into 2.0 and now I suddenly have 500k. You must be some kind of gullible to expect that people are going to be putting new gear/triple melded gear/whatever up on markets for 500k or less. Players who put gear up for 2mil gil on markets in 1.0 are not going to put that same piece of gear up on 2.0 markets for 200k. It's still going to go up for 1-2mil. But unless you had 10-20mil in 1.0, this once affordable item is now WAY out of your price range.

Ah. And you, sir, also seem to fail at understanding how redenomination works. You see, once they do this in 2.0 putting up an item that used to be up for 1m up for 100k will be the same. Anyone who understands this will not want to pay a dime more. Also any sellers who understand this will likely drop the price of something that was 1m before to something like 300-500k just to attempt to trick the geniuses who think they're getting lucky by buying those when in actuality they're being ripped off. Even that will last maybe a week or 2 before people catch on.

[Punainen]

Give it away, buy stuff, or put it on retainers or an alt. However, Reinheart's translation of the answer to that question made it seem like all of our gil would be reduced, not that the cap would be reduced.

[BotenAnna]

This thread has taught me something important, and it is that people who play MMOs are really freakin' bad at basic macroeconomics.

[Azurymber]

This thread has taught me something important, and it is that people who play MMOs are really freakin' bad at basic macroeconomics.

agreed... mind you, so are the devs.

[NoctisUmbra]

I'm pretty sure, based on Bayohne's wording as well as Reinheart's translation, that they are changing the scale of the currency so to speak by dropping a digit rather than simply lowering the cap.

Everything will cost 10x from NPCs and everyone will have 10x less gil than they do now so effectively nothing will have changed besides the inflation of Gil values.

[Seig345]

Oh, but they will. Sure prices won't change immediately but they definitely will drop, and likely drop rapidly. When everyone has 10% of what they used to then they won't be buying certain things for what they're willing to pay now.

I'm not saying there won't be some sort of transitional period... in fact expecting there not to be would be silly for many other reasons as well considering gathering and crafting are undergoing fundamental changes... but rather I'm pointing out that what they're doing isn't a Gil wipe... it's a digit drop.

Precisely. People will try to leave items at the same price, but especially those who only earn their gil off the land are going to see anything priced to the old standard and just laugh. Whether they consider the seller crazy, or blame SE for the gil drop putting the item out of their reach is irrelevant, as long as that item suddenly becomes out of their reach at that price.

[Zeno-Ira]

The best would be to distribute all your 999,999,999 gil over 99,999,999 characters each 1 gil, they cannot lower 1 gil. Then trade it back 99,999,999 times to get your gil 999,999,999 back. Though it would take you 999,999,999 hours to do this. On a serious note.. i rather not have them touch gil..

[Neomarl]

the best solution would be to perm ban all players who still have above 100 mil gil after 2.0 on suspicion that they are gil sellers/RMTs.

it would fix the economy and give new players a chance