Queen's Jubilee = Hyperinflation of Economy
Sounds like you just got really lucky with your drops.
And this is just temporary content, CoF is forever nerfed. This may affect the economy to some degree, but it wont last.
Sounds like you just got really lucky with your drops.
And this is just temporary content, CoF is forever nerfed. This may affect the economy to some degree, but it wont last.
It wasn’t just me, the commander leading the zerg said he’s openned around 800 champ chests already and gotten money to buy another legendary from the skins he’s sold. Then I see people linking their hundreds of stacks of unopened champ loots. I didn’t even know I got 2 crystal guardian skins til I went to tp to sell and found out there was 2 in my inventory.
In that time I got 2 Crystal Guardian skins (34g each), ~10 lodestones, ~14g coins, exotics and rares that sold for ~10g, and a lot of other mats and around 143 karma drips. That’s more than 100g in less than 5 hours.
You don’t understand inflation
Items and materials take money out of the economy, not add to it
you already paid almost as much in market fees as you received in coins
No, not really. You do realize that every time you get gold from selling one of those items implies that those items will get cheaper over time?
It’s basically a shift in the supply curve, not a shift in money supply.
The raw amount of money you get from chests isn’t that impressive without the demand for the items inside.
The only problem is gauntlet farming and that’s temporary.
“Champion farming” is only worth that much because the skins are currently very rare, because there are still relatively few of them. But those skins, along with the champion changes, are permanent. As time passes and people amass greater quantities of those skins their prices will inevitably lower, and thus champion farming will become less of a thing, as it’ll become less profitable.
Soon enough Champions will simply be what ANet intended them to be: Just something you’ll go a bit out of your way to kill, but nothing you’ll farm endlessly and exclusively.
If anything the current mass farming of champions is simply rushing us along to that goal, while giving a bit of extra reward to those doing the heavy lifting. I’m ok with that.
Anet’s solution will probably be making ascended weapons/armor a giant gold sink (in addition to being time-gated and alt-unfriendly)
I’ve been there for ages and not received a single skin or lodestone. Not that I much care but I’m bewildered by people who have.
On the other hand I’ve received 5 exotic drops in wvw this week alone. Love that!
So which is better, farming these champs with skins and boxes or Deadeye with guardian and 4 gambits?
I went around with Frostgorge champ train for a little over 4 hours. In that time I got 2 Crystal Guardian skins (34g each), ~10 lodestones, ~14g coins, exotics and rares that sold for ~10g, and a lot of other mats and around 143 karma drips. That’s more than 100g in less than 5 hours.
You were lucky.
I farmed there for hours. The only new exo I got was one of the ugly ones. Not worth much on the TP.
No, they’re inflating the economy for the giant gold/mats sink that is 500 level crafting. Thank goodness too because that stuff would be insanely rare and expensive without this injection of gold and mats we’re currently getting. Never doubt John Smith.
Its in the game, keep farming. Let the people who get paid to worry about it, worry about it. Till then, I’m going to farm
Inflation is the increase in money supply. Rising prices are a symptom of inflation.
Getting skins and selling them to someone else is not causing inflation; it’s just money changing hands and the TP taking a 15% cut. I’m sure that the coin people are getting might cause some inflation but that’ll be wiped out after a few TP transactions.
Besides you can bet that arena net will nerf the rewards sooner or later. Which probably explains why people are farming it so much.
when i get my cultural chievs and the other chievs that require money, i won’t care abou money anymore i’ll just waste all of it on TP
Isn’t the only thing you got that factors in inflation is the 14 gold coins you got in pure coin?
The rest of that coin you got came from other players, and items are starting to drop in price on the tp due to the increase in supply.
Champ trains are fine. Item drops don’t actually add money to the economy. In fact they drain money since the tp takes a 15% tax. Deadeye farm on the other hand is causing massive inflation.
Endless Petrification Tonic
No, not really. You do realize that every time you get gold from selling one of those items implies that those items will get cheaper over time?
yea, realized that last night. The prices on the skins will keep dropping, and as more ppl equip them they will become less desirable. The demand to zerg champs will drop.
inflation is a good thing cause more g/gem and that will suport anet continued free updates. So welcome the inflation, it doesn’t make items harder to get. gets easier to make but everything cost more creates a wakitten isn’t like the real economy where wages are constant. Anet continues to find new ways to pay us for our time.
I’ve been farming for a couple days, and only have gotten 1 exotic. Thankfully, it was the rapier, so I sold it for a hefty sum, but still.
Also, addition of items to the economy will help reduce inflation, while addition of gold to the economy will help increase inflation. The influx of money, at the moment, isn’t as large as the influx of items. As a result, money has a lower supply, and is thus more valuable.
If there weren’t item drops, but instead their value in cash, then there would be inflation. However, most of the money I’ve made has been from selling things on the TP, which suggests to me that inflation isn’t going anywhere.
Ferguson’s Crossing
Deadeye farming and Champ trains = bad for the game, bad for the economy, bad for everyone.
I went around with Frostgorge champ train for a little over 4 hours. In that time I got 2 Crystal Guardian skins (34g each), ~10 lodestones, ~14g coins, exotics and rares that sold for ~10g, and a lot of other mats and around 143 karma drips. That’s more than 100g in less than 5 hours.
And if you think that’s a lot… don’t even wanna talk about Deadeye farming…
Though I love getting easy gold, I feel uneasy whether this is the path Anet want GW2 to go to. These non-challenging money sources are tempting people to ignore other aspects of the game in favor of mindless repetitive activities….
I also fear for gw2 economy if this continues, the people who suffer the most are the new, and casual players.
We could look back later and say this is the Living Story content that broke our economy.
Are you concerned enough for the economy and future players that you will delete all of that loot to help save the game? maybe you should go on a mission to get everyone to delete all of their loot also.
Of course you would have to make a video of your deletion and put it on you tube, just to prove you are sincere.
I don’t think OP knows what hyperinflation even is. What a sensationalist title.
Only the 14g you got would generate inflation, and isn’t that much different from what people was getting before by CoF farming in the same time.
Inflation in real life happens when the money loses value, and since a game is a strictly closed enviroment, the only way for that to happen is for new coins being introduced into the economy. The two crystal guardians you got, for example, aren’t causing inflation because when you sell them on the TP it’s not generating any new money, it’s just moving money around from one player to the other… actually it’s taking money out of the system because if you received 34g it means someone paid 39g for it, so 5g was paid in the TP tax (AKA, dissapeared), same with anything you sell on the TP. Also, as we’ve seen already, prices for those skins tend to go down as time goes by because as more of them keep dropping, supply keeps increasing, while demand tends to go down as people who wants them gets them, either by drops or TP purchases (actually, I’d say that a LOT of gold is being taken away from the system just from people that listed the new champion skins for hundreds of gold, price went down, and now they have to either leave them there for good or take them out to relist, losing 10% of the gold they listed it for).
Deadeye farming is having a bigger effect on inflation (IMHO) than all the champion farming both in and out of the pavillion, because that is creating new coins and adding them to the economy, but it’s something temporary so I don’t think it’ll have that big of an effect in the end.
wrapped up in some crazy ritualist hoo-ha from Cantha.
A real grab bag of ‘you can’t hurt me. They’re called Guardians.
The guantlet is permanent. It will be like the other minigames, so they should nerf the farming sooner rather than later. Or else there will be weeks when the minigame is picked that people will just farm it for massive amounts of money.
If the content was entirely temporary, it wouldn’t be as big of an issue.
Mesmer – FURY
Rank 55 – Bunker Engi, Top 300
The guantlet is permanent. It will be like the other minigames, so they should nerf the farming sooner rather than later. Or else there will be weeks when the minigame is picked that people will just farm it for massive amounts of money.
If the content was entirely temporary, it wouldn’t be as big of an issue.
Um, last I checked the gauntlet was an annual, temporary event. It’ll come back, but it isn’t permanent.
Ferguson’s Crossing
I find it pretty silly to claim this is bad for everyone, considering the “wealth” was concentrated heavily at the top and the “casual” had stuff that was out of their reach anyways.
I find it more likely that the flippers on the TP are getting antsy that they might lose hold of their monopolies and also lose their ability to keep everyone down. I’m not falling for that, lol.
Who would complain about more drops from playing the game? Obviously the people who don’t play the game. (flippers). They wouldn’t want people finding their own stuff.
for there you have been and there you will long to return.
(edited by ArchonWing.9480)
Sorry OP you’re completely wrong.
Anyone who’s actually “concerned for the economy” isn’t seeing straight.
Back in GW1 you could log on for a week during an event like halloween, then raptor/vaettir farm trick or treat bags 5 hours per day and make a good 500 platinum over the course of that week.
500 platinum is about 10x as much as you would make “playing normally” for a few weeks. So this is comparable to the amount of money people are making on the extremely high end with the queens jubilee event.
Now look at the GW1 economy, does it look ruined to you? It’s been running healthy for years without any serious developer intervention. And when developers did intervene it was after MONTHS, sometimes YEARS of people farming using those methods already.
So look at how much damage was done by farming to the GW1 economy before you decide the GW2 economy is being damaged.
CoF dungeon was nerfed to make way for the new farm farming system. The living story temporary content will always be the new farm. Its intentional, makes players feel they have to be playing RIGHT NOW to now pass over this great opportunity to get rich. The are a lot of players who only play this game to farm and arena.net wants to keep them happy. It will atleast very the farm so thakittens kitten ring than CoF is for the 100th time.
Sorry OP you’re completely wrong.
Anyone who’s actually “concerned for the economy” isn’t seeing straight.
Back in GW1 you could log on for a week during an event like halloween, then raptor/vaettir farm trick or treat bags 5 hours per day and make a good 500 platinum over the course of that week.
500 platinum is about 10x as much as you would make “playing normally” for a few weeks. So this is comparable to the amount of money people are making on the extremely high end with the queens jubilee event.
Now look at the GW1 economy, does it look ruined to you? It’s been running healthy for years without any serious developer intervention. And when developers did intervene it was after MONTHS, sometimes YEARS of people farming using those methods already.
So look at how much damage was done by farming to the GW1 economy before you decide the GW2 economy is being damaged.
750 armbraces for the island guardian miniature is a ruined economy imo….
Items and materials take money out of the economy, not add to it
Not when they can be sold to NPCs. And the same goes for direct event rewards (coin).
Obviously, trade between players only makes gold change hands (and makes some get lost to taxes), but most of these events generate gold, either directly or by giving players items that can be converted to gold through NPCs.
Charged Cores and Lodes have gone dramatically down.
The parts of the economy I care about are doing quite nicely, thanks .
I wonder what your basis for comparison is…”
- Jareth, King of Goblins.