Simcountry
Forum General Gold Coins Market liquidity crisis

Gold Coins Market liquidity crisis

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Christopher Michael Thompson

All worlds
22 Apr 2012 17:46Link
It would be nice to listen to what we are all saying about this decision.
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Romeo Vicardi

All worlds
22 Apr 2012 19:26Link
Hey guy,

We have been making a lot of money by sitting around, complaining, not taking any risk.
nobody fights because it costs money and everybody wants to make money.

Now that that they changed the numbers and profits are down, there were messages here saying "this country should have this profit" and that enterprise should have that profit.
why is it? what is left of this game. sitting around and making money?
You described in details why the gold coins are needed so we can all play for free for ever and never need to purchase anything.
You are very smart indeed.

The introduction of gold coins exchange was an error when they brought it in. a very stupid error.

They should never bring it back and I advise them to:
- Kill the other part of the exchange. If anyone wants gold coins he should buy them.
- Kill the virtual assets exchange. It is not in the interest of W3creative.
- Add a f
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Jo Salkilld

All worlds
22 Apr 2012 19:51Link
Andy, I do not understand your point. You seem to be saying that I am contradicting myself, but I don't understand how. Please could you clarify?

Maybe I'm not being completely clear in my argument. Andy - please consider those players who are:

a) not able to win level awards - either because they have got very high in levels already, or because they aren't interested in playing the levels game, or because they aren't particularly good at it.

b) cannot win ranking awards - either because they are not good enough to get that high (only 18 people per month on WG), or because they are in the Hall of Fame and can't win another award for 5 months.

c) cannot win war level awards - either because they are already at the highest war level and can't go any further, or because they are playing a peaceful game and don't want to go up war levels.

Those players have only
C
Crafty

All worlds
22 Apr 2012 20:04Link
But hopefully new players are joining all the time Jo, so the GC amount per player needs to be kept at a certain level, and who can predict how many will stay and earn extra coins through levelling etc. Nope, sorry, I don't think that would work.

Now if there were a continuous way to create GCs by players, regardless of if they can/want to level up etc, sort of like a corp (but not a corp) then we might have a good way of keeping a decent float around and it would also be entirely market force driven!

The use of space comes to mind. Some serious tweaking of this nearly defunct feature could bring this about. We have talked about mining asteroids etc, someone surely could come up with some method.

Answers on a postcard please...
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Jo Salkilld

All worlds
22 Apr 2012 20:11Link
You're right, Crafty. It's all down to that calculation - if the GMs don't put GCs up for sale, will the number in circulation per player gradually decrease?

If so, then the argument for them to put a limited number of GCs on the market is there. If not, then removing themselves from the market won't cause a problem.

It can be made to work by performing a running calculation on how many GCs the GMs have received (taken out of circulation) and how many they have put into circulation by making them available on the market. If they find that the balance of coins in circulation is negative, then they put some more up for sale. If they have given out too many, they don't put any up for sale until the balance is redressed by people buying boosters or extending registration. It seems fairly simple to me ...

I'm not sure whether the cashing-out feature is part of the reasoning behind this
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Quetzalcoatl

All worlds
22 Apr 2012 20:18Link
I agree with Jo Salkilld and hey guy Romeo Vicardi, you have no idea what you are talking about, once people reach higher war level they use those gold coins to buy weapons, upgrade corporations and for space operations not just for extending their empires and enterprises, gold coins will dwindle in time to the point where players will not be able to find get their hands on them. Already someone was offering to buy gold coins for more than what they where worth in a private market. Its classic economics, once they level up to a higher war level it will make it harder for them to get gold coins each time. Some people have simply to many enterprises and countries on each world, which means if the average vet has 5 countries and one enterprise on each world and wants to extend that they will have to use up 900 golc coins a month. Players like me who do pay but are only on one world do so becuase of the cost associated of being on other worlds. I would like to
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Romeo Vicardi

All worlds
22 Apr 2012 20:24Link
Jo,

I quote from the previous. You probably did not read.

You described in details why the gold coins are needed so we can all play for free for ever and never need to purchase anything.

The gold coin market is a major error and should never come back.
Please remove the other feature allowing players to sell gold coins for game money.
Only the gamemaster should be in that business.
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Romeo Vicardi

All worlds
22 Apr 2012 20:36Link
Weapons can be bought for game money. Upgrades too. If you want many, pay for them.

Where did you get the idea that all this has to be for free?
Some you can buy and pay with game money. If you want other stuff, pay for it.
why do you think these guys need to provide this for free?

They made a terrible error putting this function in. I am sure it has cost them a fortune and I am quite sure it will never come back.
We will soon get some players saying they leave but these are people who do not need to pay for anything because they got everything for free anyway so where is the damage?
Newcomers will play the game with no gold coins provided by the gamemaster as I did a couple of years ago.

I also know that what turned all the lights off were these cries about how much this country and that enterprise should make.

They should remove all these escapes that allow everyone to play for free and even better,
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Quetzalcoatl

All worlds
22 Apr 2012 20:44Link
My point exactly we should get rid of gold coins and make everything about game cash.
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Quetzalcoatl

All worlds
22 Apr 2012 20:46Link
I have not been able to get coins through direct trading for the past 3 days, there has also been no offers. Well at least I have not seen them because they are gone really fast.
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Andy

All worlds
22 Apr 2012 20:58Link
Romeo,

Take it easy. I will give you this one:

We indeed realized that many players think that we should provide them with all the gold coins they need.

I don't know about the other recommendations. I don't think that a reset is considered right now but we also think that the assets situation is unbalanced and might be beyond repair.
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Keto

All worlds
22 Apr 2012 21:11Link
How can assets be unbalanced? All the assets I have I earned from 5 years of playing this game.
If the GM decides on a reset, I better get compensated for my years of hard work.

I think gold coins should still be a part of this game. Someone needs money, they sell gcs, someone needs gcs they sell game cash. The profits in countries/CEOs are way down, so it would be next to impossible to use game cash to purchase all things needed in this game.

And dont even get me started with the war engine in this game. Its getting harder and harder to maintain an army, no wonder there isnt many wars.
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nix001

All worlds
22 Apr 2012 21:20Link
Hi all.
Anyone know Why there is a restraint on how much I can request for a GC? Is it not my GC? to ask for what I wish for it?
I want more than 79B for it. I want 85B for it ;)
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nix001

All worlds
22 Apr 2012 21:21Link
Actually, thinking about it, I want 100B for it :)

Why can't I put my GC on the Market for 100B? :(

Dam it. That has annoyed me now. First time I have ever been told what I can and can't do with something I own! (apart from my car and my ciggy) ;)
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Jo Salkilld

All worlds
22 Apr 2012 21:33Link
I'm not sure what is meant by 'play for free'.

I pay to extend my account registration every 3 / 6 / 9 months. Since I paid for it, I expect to be able to play for that length of time. I don't cash out gold coins for real cash, nor do I want to.

However, I do want to be able to purchase enough GCs to play for the length of my paid registration, and allow me a few luxuries like a cargo shuttle or two, a couple of boosters and some more population to offset my retirement bubbles, without having to pay out more real money for them.

If, by 'play for free' you mean 'exchange GCs for real cash so that the price of extending my account is covered', then the simplest way to stop that, without penalising all the other aspects of GC usage, is to stop the cashing-out feature. That way, if players are successful enough to buy GCs with SimCountry cash, then they can only 'spend' them on gam
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Romeo Vicardi

All worlds
22 Apr 2012 21:48Link
I saw your suggestion that the gold coins the game master is getting from players should be put back to the players.
Amazing.
why is that?
I don't think you have ever tried to place yourself on their side and tried to understand what they do.
I learned to do that to understand what moved people and businesses.
I would say: they should have never introduced any such stupid function that takes money earned form enterprises that make a trillion per game month and turned it into gold coins that can pay for membership.
I am sure that these remarks about how much an enterprise or a country should make, during the numbers decline fiasco we had last week and the remarks about putting back the gold coins to the players that came from you, made Jozi and their investors take this decision.

They will probably turn off the servers before they turn this feature back on. At least I hope so and told them so.
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Romeo Vicardi

All worlds
22 Apr 2012 21:50Link
Most players today, can extend their account for gold coins. 6 GCs per day.
the older players have some other advantages but cannot do this.
I think that was stupid too. Turn it off!
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Christopher Michael Thompson

All worlds
22 Apr 2012 22:03Link
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Q
Quetzalcoatl

All worlds
22 Apr 2012 23:06Link
Every time i log into simcountry so far this week this is what i see in the direct trading "There are currently no Gold Coins on the market. "
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Quetzalcoatl

All worlds
22 Apr 2012 23:18Link
Tell me GM how am i supposed to buy pop from you when i can not even get gold coins in the direct market.
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Crafty

All worlds
22 Apr 2012 23:36Link
If you made in game friends Quetz, you would not find it so hard to get coins. Please calm your complaining now, you've made your point.
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Jo Salkilld

All worlds
22 Apr 2012 23:41Link
Romeo, firstly I didn't make any remarks about "putting back the gold coins to the players" until after W3C announced this decision, so they did not take it because of anything I said.

Secondly, I run companies for a living so I fully understand the principle involved in making a business viable. But W3C is a massive organisation and SimCountry is a tiny, tiny part of what they do. Don't make the mistake of thinking that the entire future of the company rests on them making a massive profit out of this game. It doesn't.

However, that does not mitigate the fact that the part of W3C that deals with SimCountry needs to, at least, balance the books in order to make it viable. I understand that.

But is that what we are talking about here? I don't think so. If this move by the GMs is all about W3C making a loss on SimCountry, and needing to change that into making a profit, then the registrati
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nix001

All worlds
23 Apr 2012 00:27Link
Andy 'but we also think that the assets situation is unbalanced and might be beyond repair.'

Please enlighten me on that one. :) Has this simulator simulated the fate of the western capitalistic society?
C
Christopher Michael Thompson

All worlds
23 Apr 2012 03:48Link
+1
C
Christopher Michael Thompson

All worlds
23 Apr 2012 03:59Link
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