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Forum General W3C - Funny direct trading of gold coins

W3C - Funny direct trading of gold coins

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Tom Willard

All worlds
14 Sep 2010 17:25Link
I think that some players do not understand the direct trading.

currently, there is a player offering a coin if you pay him 400B. This is a very recent offer.
At the same time, there is another player, on the same page, giving you 420B per GC.

Why would you offer a coins for 400B if you can instead, right now, get 420B for it?

check that page.
the first to get there, can take the GCs for 400B each and immediately, sell them for 420B each.
This situation happened before and does not make sense at all.

The direct trading page is set up in a way that makes it possible to always exchange, both ways, with no delay at all.

Make sure, when you make your offers, to look at the best deal and make yours a little better to make it become the best deal.
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Laguna

All worlds
14 Sep 2010 17:54Link
1. Because that player loves me.
2. Some players don't like doing business with the GM (hence pop bids higher than 5GC).
3. It takes time to learn.

The heart has reasons that reason cannot know.
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whiteboy (White Giant)

All worlds
14 Sep 2010 18:32Link
Honestly I think it's because people aren't clear on it, case in point, several players with not so nice intentions would consistently put up GC offers for the max price (I believe 690B at the time) and those offers would get accepted somewhat regularly.

I thought the 'Best Deal' notations you made were good and would prevent some of the confusion, but apparently not so much.
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Laguna

All worlds
14 Sep 2010 18:59Link
I'll repeat:
<!-Quote-!>Quote:

3. It takes time to learn.<!-/Quote-!>



Small mistakes are of no one's concerns.

The normative value GCs Willard is pitching as about as much sense as the market (that's us) gives it.

To complain about this is about as fruitful as a basket full of vegetables.
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Tom Willard

All worlds
14 Sep 2010 19:39Link
My problem is, as whiteboy noted, that people are confused and are taking wrong offers and get too little for their gold coins, of pay too much for them.

the best deal tag did help.

We have set some benchmark deals on both sides of the market.

we hope that people will place better deals, both sides, narrowing the gap and there will be no reason to trade with the GM.
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Laguna

All worlds
14 Sep 2010 19:48Link
In that case, let players make mistakes so they can learn from them in due time. You cannot hope they join already fully experienced.

And, as I said, small mistakes are of no one's concern. Plus, it is with this kind of discrepancies that monetary markets work with.
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Crafty (Fearless Blue)

All worlds
14 Sep 2010 19:53Link
Yeah Laguna, put some of your masses of coins up for 300B each.
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Laguna

All worlds
14 Sep 2010 19:57Link
Just as soon as I'm willing to rig the market, I will.

Willard did the obvious favor of satisfying the huge lack of Gold Coins there was around.
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Maestro2000 (Fearless Blue)

All worlds
14 Sep 2010 20:21Link
With few exceptions, the direct market is now rigged by the Gamemaster. (ie Tommi)

The trading range is 420 to 430.

Every so often someone puts a ask/bid thats off the charts. Not a material amount.

The reality is the game currency is being kept artificially high by the gamemaster.

A more natural market price is in the 375 range.
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Psycho_Honey (Little Upsilon)

All worlds
15 Sep 2010 17:19Link
LoL, I consistently placed offers up for the max 69Trillion for 100 Gold coins a pop.

*All* The players that bid 69 Trillion and paid 690Billion per coin were in fact very experienced players who no doubt understood the Direct Trade system. I think they wanted to fund my war against the pestilence in the game, seeing as I was willing to fight 'the good fight'.

Tom it has been a while, but you can look and see who those players were, not a single one was a newbie.

In fact I even gave a newbie, Alisena 10Trillion for 1 gold coin once in hope of helping her out. (She constantly complained of debt.) I know how that can be abused, but now that is completely an impossibility.
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Psycho_Honey (Little Upsilon)

All worlds
15 Sep 2010 17:20Link
Meastro, way to go unilaterally dictating the value of gold coins.
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Scarlet (Golden Rainbow)

All worlds
15 Sep 2010 17:44Link
<!-Quote-!>Quote:


The reality is the game currency is being kept artificially high by the gamemaster.

A more natural market price is in the 375 range. <!-/Quote-!>


The reality is the game currency is being kept artificially low by the gamemaster.

A more natural market price is in the 725 range.

See, I can do it too.

Shouldn't there be a way we can just send game-money to other players for free, even if it is limited?
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Maestro2000 (Fearless Blue)

All worlds
15 Sep 2010 19:54Link
Scarlet...LOL

Wendy...Did you get the candy I sent you?


Update

"Tommi" has now adjusted his trading range.

410 to 430. (Down a little)


Maybe by tomorrow Tommi will wake up and put the range where it belongs. (350 to 500) Keep a safety net in place but remove themselves as a market maker.
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Psycho_Honey (White Giant)

All worlds
15 Sep 2010 19:59Link
I wonder why you think it 'belongs' at any range.

You flip flop everyday.

First You complained about him moving it down a little, and 'controlling' the market(durh hes the gm)

Today you decide that it should be as low as 350B

Maybe my eyes are playing tricks on me, but is 410 in between 350 and 500? Your self described range.

Maybe you are confused I don't know. Do you know what you want from day to or do you change your mind this often about everything?
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Maestro2000 (Fearless Blue)

All worlds
15 Sep 2010 20:18Link
It's not a change from the other day. It's an extension of it.

The range I mentioned is to remove "Tommi" from actively trading coin (or at least shaping the market), except if there are no players on the board. (A Safety Net)

The 375 range I mentioned the other day is a price that players can sell to each other.
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Psycho_Honey (White Giant)

All worlds
15 Sep 2010 20:35Link
Up? Down? Up? Down? Up?


There isn't change in that sequence at all.
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Maestro2000 (Little Upsilon)

All worlds
15 Sep 2010 21:00Link
Wendy

You having a slow day?
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Psycho_Honey (White Giant)

All worlds
15 Sep 2010 21:01Link
Hearing you whine does slow a day down to a crawl...
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Maestro2000 (Little Upsilon)

All worlds
15 Sep 2010 21:25Link
Wendy

Have another brownie.
M
Maestro2000 (Fearless Blue)

All worlds
16 Sep 2010 00:47Link
Quote from Tom Willard

"I think that some players do not understand the direct trading.

currently, there is a player offering a coin if you pay him 400B. This is a very recent offer."


Answer: There are players from time to time that want to see their name on the top of the list and don't care if they loss 10 billion on each transaction.

Example, A player offers 1 coin for 400B, then repeats this 5, 10, 20 times. Yes the player is lossing on the each trade but think of all the glory he/she feels by being on the big board. (No joke, this happens)
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Maestro2000 (Fearless Blue)

All worlds
16 Sep 2010 00:56Link
Question for "Tommi"

Currently you are offering 1,964.01T on the direct market for a rounded price of 410B per coin. Why is the offer split into 4 pieces?

Glory?
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Barrenregions (Fearless Blue)

All worlds
16 Sep 2010 02:01Link
That aint funney. I think

Players who The simcountry often are gonna be in the concile
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Brian The Terrible (White Giant)

All worlds
16 Sep 2010 02:21Link
Whoever doesn't want to trade with the gamemaster I am asking for up to 421 coins for 370 a coin.Just scroll down past the Tommi bids thanks.
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Maestro2000

All worlds
16 Sep 2010 06:02Link
Wow, the highest game money offer by a player is 370B per coin.
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Blueserpent

All worlds
16 Sep 2010 10:39Link
The exchange rate for 1 coin is given as 430B

makin a little somehere you now object too?