Right. The above is PARTIALLY CORRECT. This exact sort of argument about item value etc has been thrown around for ages in EVE-Online (Spreadsheets online, boys). As a long-time player (since launch) in THAT particular market-simulator, i’d say I have browsed, argued, and thrown around enough insults over economy arguments to cover the entire TOS population in digital crap.
I browse things like this for fun https://www.eveonline.com/article/pa9fr1/monthly-economic-report-may-2018
Enjoy the link!
The specifics:
To add on - any sort of currency (silver) generation method, be it monster killing, quest running, NPC fondling, dungeon mashing, etc. I refer to these as currency faucets / taps (region language)
This is correct. The balance between faucets/taps and the necessary effort required is important. Players will always flock to the most efficient method (or the most brain-dead one).
This is incorrect. An exact comparison would be how the central bank of a country controls the amount of currency in circulation, not people’s jobs. The central bank’s control of the amount of the country’s currency present in the economy is how the currency faucets and currency sinks control the amount of in-game money (in this case, silver) present.
Here are some stuff for you all to read up upon, if you’re so inclined.
See https://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe
This is correct - Excessive bots is the same as uncontrolled government ‘printing’ of currency - Again, see Zimbabwe.
Semi-correct. TP can be compared to…an easy example would be another country’s currency, versus your own. The TP << >> Silver trade can be compared to foreign currency exchange.
Exchanging diamond anvils for gear is… barter trade! My 5 apples for your 2 chickens, good sir.
Correct. TP trade (excessively) only harms the values of the TP items. The total silver circulation and ‘value’ does not change. TP shop is a mess, yeah.
10/10, 5 Stars, Laima stamp of approval.
Edit: RNGesus Dice. That was long, and I really hope it educates people here on where exactly is their stance, and what they (and others) are arguing for/against.
Arguing a point when you yourself is uninformed is…just…
Edit2: @Nekorin has nice ideas. Also i’ve gotten a little busy IRL, so i’m stepping out for now. Please read up on the above economics stuff.