Ok Gil question from live letter

[darkstarpoet1]

Dude you dont even understand, all they are doing is making the new gil Valued MORE than the old gil for the same amount. Everything and everyone will have their Gil move down one decimal.

your not losing anything nor is it going to be worthless. I don't know what your math teachers are teaching people these days but anyone with a brain on their shoulders will understand why this is being done for the players. ITS A GOOD THING.

in theory it may be valued more because there is less of it, but in practice this never happens. the market is too volatile and prices fluctuate too much for that to happen. some items may drop to below that 10% of the value it had previously, but i can assure you some items will only take a small percentage hit and still some other items may actually increase in value.

[Jaeger]

This is not a simple math problem. Unfortunately people never react purely logically nor predictably in any market system. There are a number of highly technical economic theories as to why this happens in any type of market system. Basic macroeconomics cannot properly attempt to define this, advanced economics has major problems trying to define it as well. This is just reality and we all have to deal with it. The possibility of zero inflation or deflation in currency is highly improbable.

The likelihood that our purchasing power will diminish is almost a certainty to me.

1) People will not all of a sudden reduce their prices to 10% of current value.
2) My guess is, at some point before 10% of current cost is reached, people will start buying.
3) There will be more people playing, especially new players. This should increase demand at a higher rate.
4) While supply/demand will definitely change, whichever items end up highest in demand and hardest to obtain will cost relatively more in ARR than they would in 1.0.
5) Probably other stuff too that is impossible to guess at this point.

Not to mention the investment in savings can be represented in time, industriousness, and ingenuity. Those who saved will be losing relatively more than those who did not save.

To put a number on someone's effort required to save, lets say player A saved and player B did not save. Player A loses 90% of their saving and player B loses 90% of their savings. Player A's effort in saving, lets make that a number which equals 1000. Player B's effort in saving, lets make that a number which equals 10.

Player A loses 900 points of their effort, while player B only loses 9 points of their effort.

This would be OK if you could guarantee an economy to react logically and predictably. This is just not a reality...

[Babydoll]

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.

[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.

[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.

[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.

[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.

[Felis]

http://forum.square-enix.com/ffxiv/t...l=1#post831427

Either way this will be the first time Yoshida has gone back on a promise he made to us. He has stated on a number of occasions that we will not lose anything we have earned during the changeover to ARR.

The numbers go down, the value remains. You can buy with 1k gil the same items in 2.0 what you can buy now for 10k gil.
And about the items in the market wards, the prices would drop if nobody want to buy them with the old prices.

[BotenAnna]

I kind of hope they do the redenomination thing and divide everything by 10. It would be aesthetically pleasing as too big of numbers are being thrown around right now, and also it makes people who don't understand basic economics really mad and it's fun to watch. Also I can laugh at my gillionaire ls mates that spent a couple hours after that announcement moving gil to alts.

[darkstarpoet1]

well it's confirmed. the random guy that was doing the translation was RIGHT and the rep translation was WRONG.