a discussion on the worth of peds...

[Cade]

hmmm...
for all the length of time that ive been thinking of starting a thread on this, i really havent thought about WHAT to write, exactly, lol... so im afraid it may not be linear.

as the title said, this is a discussion on the worth of peds... those of you who say "erm, 10 ped= 1 usd, smartass" well, thats not what im talking about. this thread is for the NON-monetary worth of peds... for example:

lets say the average hunter blows 100 peds a day in hunting in ammo alone (i know i do this in less than an hour)... he goes into town.... spams once that hes selling animal hide at 103% (instead of the hypothetical market price, 105%) and gets two resellers trying to buy from him at the same time....
yet, the difference is only 2 pecs per 100 hide.
lets do it from the other side... a hunter is buying full pixie... he wants it at +9, he turns down an offer at +10... yet this is the same man who is on the 24hour pk streak hof once a week! and yeah,i HAVE seen this precise thing happen, most of you have seen something like it too...
another scenario: a sweat seller... 100 sweat, lets say. he wants to sell it at 3.1... buyers will take it at 3.0... the difference is TEN PECS!!! and yet, neither party will sway either way!!!
that 10 pecs is ONE US CENT.

i could give examples like this forever.. d1 sellers who spend hours to sell it at +.2... oil and lyst resellers...

and yet, these are the people who buy camos, and adj heros, and full nem, and 2600s, sometimes buy skills, ALWAYS buying TONS of ammo , paying for decay on a shitload of things, blah blah blah....
so why does this happen? it never ceases to amaze me.


and im sure that almost everyone reading this post knows that these arent just hypothetical stabs at PE, this stuff actually happens this way. and its rediculous... so, i guess my question is something like WHY??? wy does this sort of stuff happen?and please, i know there are alot of resellers who postr on ef... well, this is the time to insert constructive arguements. id like to hear it from both sides...


and MB... i didnt put this in economy section because it will probably spiral out of that quickly enough... it probably has a better place her. but of course, its up to your discretion. do whats best.

[MindBuster]

Originally Posted by Cade

and MB... i didnt put this in economy section because it will probably spiral out of that quickly enough... it probably has a better place her. but of course, its up to your discretion. do whats best.

It's going to the economy section, many read that section, just dropping everything in general discussion and let me do the sorting isnt the way it should be, threads should be posted where they belong.

[Dash Smashing]

well there's the first estate. the church. (the royalty.)

everyone who played pre-gold, has a spare set of shadow, an absurd number of ped, a house, a hangar, a weapons collection, etc, from the days when ped was plentiful and MA didnt expect everyone to withdraw.. they expected them to PLAY with their ped.

then theres the second estate. the merchants, the nouveau-riche bourgeois, basically anyone lucky enough not to been born into serfdom.

thats everyone with a big enough credit card to take the burn, or someone whos made money reselling, or basically anyone who keeps their ped balance above 1k. most of these people paid lots for their gear, and their credit card hurts for it. either that, or they hit a huge MV% hof, and got lots of ped with which to upgrade with.

then theres the third estate. the peasants. basically, 90% of frances population. the farmers, etc.

thats everyone who deposits once every 6months. basically 90% of calypso's population. this is everyone who has rascal, goblin, pixie. it even includes most vigi and nem holders.. as they struggled to get the armor, but dont have any ped left to hunt. =( the third estate struggles through everything, carefully allocating each hunts pec, hoping that they broke even.

so if you consider that 90% of calypso's population is struggling on every hunt, counting every pec.. who really wants to cut someone a break?

now how does this relate to pricing? well, thats exactly it. we're NOT dealing with US cents. =) we're dealing with 102% or 105%.. if they know oil sells for 105%, they want 105% for it.. =) theres no reason to goto 104% and lose pec.. besides, it was hard to get that pec, its still money. maybe if you say to them 'look, its 1 US cent,' theyd give you a break.. but its not 1us cent.. its whatever, 20 extra oil cans. =) this IS a virtual world.

(and of course, when the third estate gets a glimpse of what the second estate lives like, we all know what happens then. 'do you hear the people sing? singing the songs of angry men, it is the music of a people who will not be slaves again!' heh.. just a little 'les miserables' interlude.)

vive la revolution!

[Cade]

MB=wristslap.CADE

speak=OUCH!
apology=SORRY MB!
result=-efd, -rep

:-P


dash... thanks for the prompt, funny, and constructive response... now we just need more of them

[Stryker]

IMO most people wont go lower than their advertised price out of a certain level of self-respect, and thus would lose this if they dropped their asking price/raised their buying price.

You are right that one US cent should be nothing to handicap a deal. But then again, why couldnt the other party realize this too?

This is just my perspective. I could be off, but this is how I think when selling/buying

[The Beast]

Time is a factor in trading. If you have the time to banter about pec, and trading is what you do, you are more likely to worry about it. If however you have no time, then you will quite happily pay that little extra just to get what you need and be on your way.
Lets not forget that a lot of the time its not the value of the Ped, it just happens to be the currency here.
There are a lot of resellers. I think a lot of the time its the traders who are worrying about the small amounts, a lot of the time, the stuff on sale is sold from trader to trader. I think there is a ton of stuff that just ciculates through the traders.

[Cade]

ok.... im glad to see that although there havent been many posts, ALL of them have been constructive, helpful, and mature... thank you all, and +rep to those who have contunuously, this thread and others, been so constructive.

Originally Posted by The Beast

There are a lot of resellers. I think a lot of the time its the traders who are worrying about the small amounts, a lot of the time, the stuff on sale is sold from trader to trader. I think there is a ton of stuff that just ciculates through the traders.

hehe... six months ago, when i was actively looking for a pair of uncoloredstreet pants with a certain skin, i recieved an offer from a friend of mine in a trading soc, on a blue argo skin pair... he had bought it at cheap from a reseller who had given up trying to sell it, and was now selling it at the same price because HE had gotten tired of trying to sell it...

three weeks ago, a disciple asks me about a pair of street pants.. someones offering them to him at cheap, and hes wondering if he should buy to wear/resell, whatever.... i show up, and withhin a couple minutes of asking in conversation and pms, i discover that my old friends pair was sold to a reseller, who sold to a reseller, who was now trying to sell to my disicple.
oh FFS.

some of you might say 'oh, funny story' thats not the point im trying to make.
this obscene pursuit for the half-ped, or for a ped, leads to spamming and lag outside of the necessary detail...
but even more, and this is important, IT REMOVES ITEMS FROM CIRCULATION. if a man is selling something at a higher price than people are willing to pay for it, noone will buy it.. that means theres one less of that item.. less item + more demand = inflation... so, endless pursuit of those few peds from markup remove items from circulation, which causes inflation.

hmmm... im done, for now. input?

[Hansi]

Originally Posted by Cade

if a man is selling something at a higher price than people are willing to pay for it, noone will buy it.. that means theres one less of that item.. less item + more demand = inflation... so, endless pursuit of those few peds from markup remove items from circulation, which causes inflation.

However, if this goes on for a while the (previously) inflated price will become the new market "value". This has been exploited numerous times in market control attempts, many of who were moderatly successful (unless MA intervenes, like whith nexus and GSIs )

[Devilmaster]

Originally Posted by Hansi

However, if this goes on for a while the (previously) inflated price will become the new market "value". This has been exploited numerous times in market control attempts, many of who were moderatly successful (unless MA intervenes, like whith nexus and GSIs )

MA has announced that they will deal with the crafting system in the near future and that has made more ppl pick up the trade n might bring up prices in the end. I see more crafting globals now then before.

[Nostrop]

I just hate that chain ...was sold to reseller, then to another, another.... At the end price is ridiculous, and noone buy that item. On the other hand, if it is rare item, and it`s beeing sold for uberhigh price for long time - people start thinking "hmm, maybe that`s right price". Especially that works on n00bs who don`t know prices.
I think one of biggest problems of PE economy are resellers. Because of them so many good items are out of game, waiting to be sold for stupid prices. Looks like some 80% of auction trades are trades between resellers. They are most evil part of game Don`t get me wrong - I`m not mad on some particular person, or don`t want to buy something and can`t afford it - I`m pretty ok with gear I just prefer all those mid-level items are used by people who really need them and not collecting dust in trader`s storage.