Breaking my circular tree ornaments aikar

I second this.

I'm still wondering why diamonds are going up in prices, because we get them free most days for voting, you can go out mining to get them, they are mostly like to be umlimited out there, because no one can mine that many.

If you have the time to do it, people will go mine them, if the /shop has raised the price go ahead thats amazing, I don't feel the need to complain about it because I get enough free diamonds from voting.

Yes, which I'm trying to get at, you don't get people like that complaining because they get enough diamonds, so they use them like that, and have dc's of blocks.

I'm first, buddy.

I think it has a lot to do with what people are willing to pay. If 90r for a Diamond didn't sell, shop owners would lower their price. They are that high because people are buying them anyways. I credit a lot of this to the influx of new players who don't know that Diamonds ever were priced any lower than what they were when they joined. The price when they joined becomes a baseline for their: "When I was young, candy bars only cost ___ and it only cost ____ to go to the movies.", story.

Good example as to how you used to be able to profit from shop - https://www.youtube.com/watch?v=wWp_IgyLYnY

I bought all that diamond ore from shop and still made a few bucks.

Oh my goodness folks. I'm gonna try again.

The price of Diamonds is not increasing. The purchasing Value of the Rupee is going down.

This has nothing at all, really I promise, NOTHING at all do to with supply and demand. The amount of diamonds in the economy is about the same, people's use of diamonds is about the same, but the amount of rupees coming into the market has been increased.

And I stress. This isn't hurting anything. People are still able to buy what they want to buy because they have more rupees. People will still be able to make money selling things because there are still people out there (people with lots of rupees now) who are going to buy things.

Yes, prices have gone up but now everyone has more rupees. It is a good thing that prices are going up or everyone would have more rupees than you could ever ever ever possibly spend and then you would see what a broken market really looks like.

Ignore the rising prices right now. After a while the new prices will feel normal and you will still be able to make rupees and buy things like always. It will feel absolutely no different in the end.

In the real world inflation only really hurts the lowest economical rung. (Yes the upper classes feel the hurt and have to tighten their belts, but they still have what they need to purchase what they need.) It is the lower class that end up being unable to buy anything. And on EMC there is no bottom rung. Because people make enough rupees every day to be comfortable in buying what they want.

This isn't a big deal. Not even a little bit. The economy is fine. You can go on selling and buying whatever you want.

Awesome.

no closing shops prevents your shop from being the only supply of (insert price below 93? and counting) diamonds while prices are unstable in the past week mine have been priced at 73, 82, and now 93. if someone wasnt careful they get bought out of diamonds that are low then resold to a shop that is more current

So set your prices high.

If you want to participate in being in a competitive market, these are the kind of things that you have to deal with. You are always going to have people selling goods for more and less than you are. Even if the prices of diamonds was stable for months on end, someone could some along and set their prices higher than yours.

What you guys need to do is remove the ability for people to sell diamonds to your shops. For a while. This will stop people from buying/selling for profit while things are so unstable, but will still allow you to sell your wares.

Is there a link to this poll? Why wasn't it placed on the EMC front page? Was it only for a selected few to vote. I spend a lot of time on the forums and didn't see anything recently about a poll.
And if you you are referring to the poll that was held close to 6months ago I'm not sure most player would have the same point of view now.
I know its too late now to change the value of those items that was changed in shop but I just find that this price increase doesn't just affect the price of diamond. Anything linked to diamond and ores will increase in value again. For example the Ore Buster and the Holiday Picks which already doubled in value in the paste few weeks (Thanks to an artificial price increase that mostly benefited the big promo dealers, who created this price increase) and will probably double again in the next few weeks. Let me remind people that in the real world price fixing between companies that sell the same products is illegal and government do take actions against this.
Not sure there was a need to make adjustments to the shop price, but there again it wasn't our decision to make.

*grabs popcorn and sits back in cozy recliner* Let the games begin...

http://empireminecraft.com/threads/rebalancing-the-empire-economy-slow-induce.35338/

thanks for link
Thats like 1 year old. Not sure the findings are up to date though

If anything, there will be more support for it now than before. The problem with not adjusting /shop's prices is that when player prices get close to /shop prices, then there is no reason to farm or mine anymore. Why do work when you can spend just a little bit more at an infinite supply shop? All of the sudden, player shops become useless and there is no reason to do much work because /shop's prices are reasonable.

The problem you are having with this is that you are clearly looking at from the viewpoint of "I find it ridiculous that prices are going to rise even more!" Price fixing of promos is not a good example at all. To eliminate price fixing would mean that EMC would have to add promos to /shop permanently, which makes them custom items, not promos. Consumers are the creators of price fixing. If everyone agrees to only sell their Ore Busters for 2 million r, then so be it. If that works out, it is the consumer's fault, not the sellers.

You have the right to be upset about any update. But don't try to play the greed-blame-game, because your motives are the same as every promo dealer or shop owner who supports this update.

The promo market is a collectors market. I can't believe anyone is mining with a OB or Holiday at the current collectors price. A fortune III pick can be found/made for 5k or less and will produce some very good ore returns. For the price of the promo item, I don't know how someone will find time to do enough mining to make it worth the cost even if diamonds went to 500r in regular player shops.

I was mining with a newer player yesterday. He would not even be bothered with mining coal, iron or gold while looking for diamonds. I hardly blame him when iron is only 3r in town. This is why letting diamond prices increase makes sense IMHO.

Not really. The prices were around 90r, I was selling few stacks at 86.5 r almost every day.

You've made my day! <3

"The market (of an item / some items) crashing" would mean a fast drop in prices, not an increase.
The market isn't crashing. There is hyperinflation with identified causes.
The inflation can only be tempered if the cause gets tempered or removed.
Capping the prices would actually crash the market for items in question because no one would produce items that are not worth production costs any more.

Fortunately, it's neither.
It is a wise decision not to cap the market, because it would damage the economy and the gameplay.

Inflation is just a natural symptom. The causes are the issue.

If you have high temperature because of a bacterial infection, jumping into cold water won't really help.
To cap the market would be like jumping into cold water. It would stop the inflation, but would make the illness much worse.

^^^That^^^
Wonderful <3

I'd say it hurts most the people who hoard money. As the lowest class doesn't have money reserves and live on month-to-month basis, they are not affected that much.

Only if they fail to increase the prices for their labor / services according to inflation.

^^^That^^^
As long as you can sell your products (even if you're diamond miner) and as long as you can buy products of other players the economy does work.

You are correct in a sense. In terms of how much they loose. People who have a lot of cash loose the most in a value sense.

I am more talking about hurt as in ability to provide for yourself the things that we need to survive. Shelter, food, clothing. Most people who work for minimum wage do not have the ability to demand more money for their labor. Most employers are also not usually eager to raise salaries during a troubled economy. So it ends up that the poorest people aren't able to make more money, and what little money they have doesn't go as far as they are accustomed to.

The poor don't loose as much, because they don't have much to loose in the first place. Correct.

However, they hurt the most because they can not get the things that are necessary to fulfill basic human needs.

I am a humanist first, an economist second. It is just perspective.