Rebalancing the Empire Economy [slow induce]

I support raising the prices 10x because it is frustrating trying to have competing prices when it's between 1 and 2 rupees. I'm also torn because wouldn't it also lower the value of the money I already accumulated over 800 days? At the same time though, I could profit tons and make twice as much faster. I guess the Pros outweigh the cons.

Wow... Here comes Lance with his detailed thoughts on all topics required large debate. Though I do agree with your point and others. I personally think that you should leave the Economy system should be left. Everyone in majority is happy with it. Changing it would cause confusion with certain people and there will be a large uproar of upset.

You said: assuming everyone's money magically multiplied by 25. But that isn't the case, right? So then you would not be able to easily sell those diamonds because the people don't have the funds to do so.

Agreed . It's kind of what the Germans did after WWI - they printed loads of money just practically making the money worthless.

Isn't this kind of what this is? By making everything go up by x10, means that its just going to stay the same now. So example time:

Person A (A) has: 10,000r
Shop B (B) sells iron for: 2r per ingot

-- X10 --

Person A (A) has: 100,000r
Shop B (B) sells iron for: 20r per ingot

-- BEFORE --

A can buy 5 thousand ingots from B.

-- AFTER --

A can buy 5 thousand ingots from B.

-- OVERALL --

There is no change. The rupee value goes up, prices go up, and the people can buy the same amount of an item even by having more money. There is honestly no way to forcibly change this economy. The only way would be to replace the whole thing, but that would require a conversion of rupees -> new currency...

But the price of iron would have gone up, meaning they can only buy X amount of blocks per day anyway.

Well, tbh, if this would happen, I'd spend all my rupees on buying stuff, saving it for a while, and then reselling it for 10x the r I spend on it originally.

I agree with raising prices and rupee income -- although I do not know which would be better, a x10 lift, a x25 lift, or a gradual increase, so I just picked x10 on the poll. I wanted to explain: your explanation was clear, and you say you've done thorough research on the ins and outs of economic things, and, like you said, you manage a business -- not to mention that you're a server admin so you know better than anyone how players react to changes -- I think you'd know best. Whatever option works!

Also what about the shops that don't update their prices? A mega mall owner takes ages placing the signs at the right price, but to suddenly have a x10 increase, means they would need to be on ASAP to close it and get the signs updated, and that means checking against other stores.

For new players to get more money, they have to be competitive on price with a shop, I know its hard but we've all done it. There are shops out there which will buy large amounts of items, I do, and I pay well (imo) too! But they never seem to understand that if they just get me items, I will pay them a lot, they can move onto their own shop and continue that way. I am a stepping stone for them such as many other shops across EMC

Exactly, the point would be that there is little or no change in prices, just allow for more flexibility and competition.

Right now, Iron is at 2r per ingot. If I, starting a new shop, wanted to compete, I would have to effectively cut my income from Iron in half. That is not good and not the way things should be, very little room for competition.

After the 10x rise, I could lower to 19r per, compete with other shops and still make a profit.

Now you've said that, you have kind of pleased me a little.

Because I would probably not change my prices unless I couldn't do anything to help it. SMP4 is my home server, and its the cheapest server I've seen.

So this begs to differ, would this affect other servers (SMP1? for example) differently to SMP4

SWEET!

But what about the massive iron farms. If its true about the 1.8 nerf being called off, then the price of iron and gold will stay down as people can flood the market with the cheaper prices.

I know demand will increase, but people will still go for the cheapest shop, and there a lot of places with these massive farms. It depends if they increase their prices too, if they do its fine (kinda...) if they don't then this change is nothing more than changing the values of rupees.

Just a quick second think, but if the rupees aren't modified, but players are given x10 more rupee's per day, then eventually shops price SHOULD increase... only if shop owners see that people have the money to spend. (I may have missed that before )

Also: if it looks like I'm overposting its just I post then I see a new reply to my message, so I reply and so on and what not

But there is no problem with that. It is supposed that things kinda stay the same, and people can afford the same stuff. It's just that when it's more money, you can differ more. So, like:
before:
player A has 10,000r
player B sells for 2r per
player C sells for 1r per
Player A would most likely buy from player C, who would then sell 10,000 ingots for 10,000 r.

After:
Player A has 100,000r
Player B sells for 20r per
Player C sells for 19r per
Player A would most likely buy from player C, who would then sell 5263 ingots for 10,000r
So when players want to be competive with prizes, they won't lose as much profit
Edit: RainbowChin was a bit faster with his reply, but anyways, I think we meant kinda the same

my thoughts exactly alex! i work hard at having a large store, but where my lack of rupee flow comes from is 1. my lack of trust hiring staff, 2. i mine most of my items myself being as my rupee flow is too low to buy from suppliers, and 3. just to stay competitive in the market i feel i have to lower my prices to where its less then the worth of my time spent restocking supplies.

with the current value of some of the more demanding items like stone, sand, etc. the value is so low that i can't seem to keep up with demand and at the same time make a buck :/ most of the rupees i make go right back into my shop.

i also feel it should be done gradually so as not to create a shock effect to newer players just starting out and not so familiar with the price values of items.