Lets sum it up shall we:
Classes with perma-speed (out of combat, not limited to certain weapons):
Engineer – +33% and perma-vigor from 20 trait points (10 optional)
Thief – +25% from signet
Warrior – +25% from 10 trait points
Elementalist – +25% from signet
Necromancer – +25% from signet
Ranger – +25% from signet
Mesmer – None
Guardian – NoneIn other words, a MAJORITY of the classes has easy perma-speed. Classes that are weak compared to Mesmer and Guardian? Uh… No. The others are just as strong. Why is the Mesmer and Guardian left out? No one knows. You can argue “oh but the Mesmer has all that combat movement!” and “All Guardians spec for immortality!”. No. They dont. Unless they trait/spec for it. Just like any other class that do have a “easy way out” like a signet. A Thief can suck in terms of stealth or they can have perma-stealth. A Necro can spec to out-tank a Guardian while also out-damaging him by alot. Exact same thing.
Nope, its a very simple reason why the Mesmer and Guardian wont see an easy way out like the other classes – they simply dont care about fixing the classes if its not a simple nerf or a buff. They cant even fix the bugs with the classes, such as iLeap on the Mesmer. Adding/changing a skill that isnt a nerf/buff? HA! Allow me to laugh.
And as a sidenote, of course you can get swiftness as both Guardian and Mesmer – Just use centaur runes, spec for boon duration, equip certain weapons (staff for guard, focus for mes, etc). All these things however limit them unlike the others – some of which can do the exact same thing. Warrior most notable – Warhorn gives perma-swiftness with little effort, yet the Mesmer focus does not because of the cooldown. Obvious bias even when the focus was buffed for speed and nerfed for utility?
And they still havent fixed the stacking issues with both the Mesmer focus and Guardian staff, yet a Warrior can blow on his horn all day stacking everything.
Wrong about warrior, it only apply to melee weapon. Since you didn’t do your research, your comments are discarded
Wait, 10 scraps = 1 ticket = a skin right? Or did this change? When I got my hammer skin I only paid one ticket for it.
now it is 5 tickets = 50 scraps
i already took out my recipe from the market. i got some extra, and rest one of each for myself. the supply isnt there, people just bombed the market in the last few days of the event.
From the patch notes: 10 days of special sales in the Black Lion Trading company which will bring back limited sale items such as the gathering tools. This sale will start on Fri Aug 23 at 12:00 am PDT.
They better bring back Rox’s Set, I wish I never missed that. What are you guys hoping they bring back / do you think they will jack up the prices from what they were originally?
NICE MAN NICE
i agreed 15char
lol I had 6k AP before I started learning all the dungeons. Just cause the guy has high AP doesn’t mean he is a dungeon crawler.
Heck, I have +8.5k AP and I don’t know how to do Arah.
Lol this is similar to the guy griping at me in the cliff side fractal. I have issues with lots of jumping (why i hate JPs so darn much), and he’s like, you have a lot of AP for jump puzzles! My was response was, doesn’t make me good at them, just makes me stubborn!
hahahah this is so funny
If you don’t do a little bit of farming every now and then, your endgame is constantly crippled by bad finances. You can still have fun in the game without having money but you’ll still feel a ways when you see everyone else running around with shiny things and you’re still in temple skins.
It’s a necessary evil of any game. I just don’t get why anet take so many steps to discourage farming, then put a repeating festival onto their roster that seems to be the crown farmvillion. I have no idea whether they are for or against it anymore XD
i still running around with temple gear… even though i earned just over 1000 gold in the last 2 months.. lol… people need to know to control their spending!
maybe weaken Mesmer combat ability first, then up their running away speed. No? then nope.
My only issue with Mesmer movement is in the quality of life department. Running from LA to Orr kind of stuff.
I think that combat mobility for a mesmer is up there with the best classes. That includes engaging and disengaging (if you take cripples and other things into account).
Quality of life, BUT it cause balance issue. I bet there is some food you can buy to have swiftness right? if there is, just use those for pve
The mesmer focus has a speed boost built into it too. How come mesmers never bring that up?
I was about to… but of course it’s practically the only reason I use a focus off-hand. I’d rather have a sword or pistol off-hand personally. Now, when running with the pack I don’t need a speed boost if the group is providing boosts on the move, so it’s really not that bad.
buddy, you spilling the secrets! THIS IS ALL ABOUT POWA INCREASE
It should be like Secret world where the fast casting target actually casts around mob your targeting when fast cast is on. So you can just point and shoot..
Makes life so much easier..
exactly, and it doesnt help that GW2 cursor is easily blended into the background. Change the color or look of it?
maybe weaken Mesmer combat ability first, then up their running away speed. No? then nope.
lol… this is funny.
LOL, i dont want to farm, but i want challenge. Not overly difficult like hard core gamer, but not easy enough for casual.
Verbal abuse is bullying, in that it is attempting to control someone through overt action. While I’m easily able to ignore it, I still report it because I know that there are others out there who are susceptibile to bullying and these abusers are taking advantage of them.
Plus you know… the Terms of Service.
I’m just having a hard time sympathizing with people that get offended over the internet. It’s not like I’m saying the ‘bullies’ are right. I’m just saying the people complaining are wrong for caring and would be a lot better off if they didn’t let a bunch of morons with opposable thumbs and a mild understanding of the English language get to them.
And, oh no, the Terms of Service… Dat threat.
There are kids playing this game too you know?
Last time I checked, this game was rated pegi 12+, meaning that if you have a kid that is under 12, and gets offended by playing the game, it’s your own fault. Same when said kid gets nightmares from scary stuff that happened in game.
If your kid is over 12, you should teach him that words are just that, and ignoring them is a lot better of a solution than caring about them. If your kid can’t grasp that concept, you might want to keep him/her away from the internet. And saying it isn’t that black/white is bullkitten, I got ‘bullied’ throughout highschool, never cared about it, and ended up just fine. Unless there is physical bullying involved (which is kind of difficult on the internet), there is absolutely no reason to care on a personal level.
EDIT: really Anet? “Hard” got censored? Check your god kitten filter kitten , it’s getting ridiculous.
Just recently there are a case of teenager that suicide from excessive amount of bullying. Not every kids are prepared to face it. You are almost justifying bullying is fine, and suggest that the victim that get bullied is the one with the problem and should “grow up.” The one that should be growing up should be the one that is doing the bullying,
Algreg, Jrunyon and mtpelion. Could any of you how this will actually increase prices?
Are you basing your assumption on a theory or have actually seen it happen in real life?
I mean not all economic theories work well in real life.
Also thank you for taking the time to reply.
Soul bound and account bound items take them out of the supply. I think you are thinking about rare + exotic items only.
Let’s be honest, this isn’t about inflation.. you want to limit TP traders. lol, A facade for jealousy.
However, by eliminating traders you are increasing market friction, the spread between items will be horrible.
Verbal abuse is bullying, in that it is attempting to control someone through overt action. While I’m easily able to ignore it, I still report it because I know that there are others out there who are susceptibile to bullying and these abusers are taking advantage of them.
Plus you know… the Terms of Service.
I’m just having a hard time sympathizing with people that get offended over the internet. It’s not like I’m saying the ‘bullies’ are right. I’m just saying the people complaining are wrong for caring and would be a lot better off if they didn’t let a bunch of morons with opposable thumbs and a mild understanding of the English language get to them.
And, oh no, the Terms of Service… Dat threat.
There are kids playing this game too you know?
All you’re doing by increasing rewards is adding zeros to the end of things.
No, adding zeros is a result of increasing gold income. Increasing nonmonetary rewards decreases their value.
If you can farm the item faster than you can farm the gold for it, the price will go down.
Precursors are still priced high only because all the known ways to obtain them are either really hard, or very costly. Or both.Well yeah, but inflation happens. That’s what I meant. If they continue to inject more ways to get gold faster, people will get more and more gold… and thus.. have more… and thus having 60g becomes a drop in the bucket, whereas it used to mean a hell of a lot. If everyone has this ton of cash, they can splurge it on rare skins, gear, and legendaries, and thus all of the essence of what makes those things special disappears because everyone in the game has it.
oh no no, limited supply. Once supply dries up, price will shoot through the roof. Those 60g will buy nothing after hyperinflation take hold.
champ loop farm is fine, but it shouldn’t affect other players that are not participating in the loop whatsoever. If Claw of Jormag event champs get nerfed, this will could be too.
Ok. So, in the most simple sense, why is Friedman more correct over Keyens for this game’s virtual economy?
Neither are particularly relevant to a game economy (at least, this game’s economy).
The effects their work tried to explain are a consequence of finance (that is, the ability to borrow or lend money) and contracts (or ongoing trade relationships in general), and how those interact with changes in production. GW2 has no contracts, and no financial system, hence none of that applies.
An across-the-board increase in money supply would increase prices – but an across-the-board increase in the drop rate of non-money goods would decrease prices. With this patch we saw both simultaneously. Therefore we cannot say for certain how prices are going to move in the aggregate, since it depends on the relative changes in the two.
Heh… where were you a few hours ago?
This is pretty much to my original point, way up top and so on down. And to my “Edit” in the post you quoted, sorry about that.
The F v. K statement was me be fecitious (in the most basic sense of money supply vs demand affecting price)- and as you alluded to, there’s no easy way to immediately answer that.
That is Demand and Supply with a fixed money supply. Don’t forget this virtual economy has a variable money supply.
very expensive wvw device. could be useful when Mesmer is not around. Don’t underestimate the amount of gold thrown around in wvw.
It can’t be used in WvW.
well… that is a very “thought out” device then.
very expensive wvw device. could be useful when Mesmer is not around. Don’t underestimate the amount of gold thrown around in wvw.
The point, which I’ve stated multiple times, and you’ve not adressed, is that the factors that exist in the real world that were used to evolve the economic theories being thrown around here that simply do not exist in the virtual economy.
Isn’t that my point? Classical eco theory is enough for this game’s virtual economy.
Due the latest patch, the gold going in the economy has increase(the gold drops form champs, and the greens/blues sold to vendor) while the gold sinks has not( or decrease because of reduce wp, one could say)
I believe the Anet would have known this would happen, so the question is simple. Why would they commit such action?
Side note:
Current champ farming/The Crown Pavilion, I make 6-7g per hour, 4-5g comes selling blues and greens with monster dropsbragging friend makes 8-11g per hour(mf gear, food,ascended stuff, but I think he makes more if you count the value of skill points)
Because the peasants were getting restless and needed a bone.
Because ANet didn’t have any other good ideas for this two week period.
Because the champion farm distracts attention from the dungeon gold nerf.
Because the gold influx removed from the dungeon nerf >= gold produced from the champion farm.
Because the gold introduced during this month will be relatively minor in the grand scheme.
Because no one was bothering to fight champions, they needed more reward to make it worth the effort and ANet trusts John to make it work.
almost like easing people from withdrawing from COF P1 addiction.
I won’t lie, I do want the ridiculous champ farm to be nerfed. The idea that brainless zerging around should be so highly rewarding for people is terrible. Make people actually work and think for high rewards. Right now we’re just promoting inflation.
I agree, the current zerging is brainless.
The problem with comparing real-world economics with virtual economies is simply that ceteris paribus isn’t valid. All other things are not equal.
I guess you don’t know what ceteris paribus mean in economics, and merely looked up the meaning of the Latin words. Just as I thought. It is apply for analyze economics factors/shocks while keeping other factors constant in order to determine the effect of the one factor. You do that multiple time, you will have a better understanding of each factors. Then you can bring all factors together to create a multi-factors model with predicative capabilities.
so dark… Divinity Reach Trading Post HAHAHAHAH
pretty sad, the story is so short and meaningless so far. I don’t have a high hope for an interesting ending. Probably another celebration? LOL
Tell that to ecro, what is with all these other classes players coming in here and complain? You no longer able to own warrior easily make you sad?
The biggest problem for warrior was unsustainable. This gives a relief, and you want to nerf it? Who the hell run around with tactic banner to kill things? Theory crafting at the “finest.”
LOL, what a joke discussion. People don’t use block/stun breaker, and you blame this build?
Fine, nerf this build. What other build is left for Warrior? LOL, NONE.
buddy, you want to hurt their gem sales? keep it closed, so they sub par creation can still sell.
Been a while since this topic reared its head again.
Assuming that an exclusive increase in the money supply equates to an increase in inflation is incomplete at best, and just plain ignnorant at worst.
If you’re going to apply classic economic theory as the basis for your arguement, money supply is just one factor to consider. What about the others?
Come back with a better, or at least more comprehensive, theory and we’ll have a chance at a better discussion.
LOL, you tell me to include money multiplier, monetary policy and fiscal policy, etc. into the discussion? Buddy, this isn’t the real world, and I work in a real world investment firm and I can tell the difference.
If you know any economics at all, all effect is talked in the term of ceteris paribus. If you don’t even know what that means, you know nothing about economics theory.
By the way, most Central Bank policy maker will say more money = higher inflation. The other factors in the real economy does not come into play in a simple virtual economy such as guildwars 2.
Your comment just totally ticked me off. This game’s economy is simply explainable with classical economic theory. The shock is Anet’s wild decisions of doing things, adding skins, adding champ farms. Period. WTH is the point trying to complicate everything when simple model works the best? That’s right, people who do real world investment care about what is practical.
(edited by Hell Avenger.7021)
I tried out the Champ farms personally. I don’t see any inflation in work to be honest.
1) Mats drop = increase in supply, deflationary
2) Champ Weapon Drop = Go to TP, TP is gold sink, thus deflationary
3) Around 10+ Bag coins = one COF P1 run, which net about 50 to 70 silver per run. Time wise I would say they are about the same.
4)Tons of Greens = I sold all my green from a 30 mins run for around 20 silver. Superior to COF P1 greens, thus inflationary but mildly.
5)COFP1 Char Carvings for trade in weapon -> mixed bag effect, don’t want to explain it here.
To sum it up, the coin bag which give 5 to 6 silvers might be the strongest inflationary effect. Once the silvers amount is lowered to 3 silver, it should be good.
lol betting on anet actions. stuff i hate, 0 use in real life. at least playing with market supply and demand can give me some practice.
I love this update, the new wallet is amazing, I seem to be saving more money than before, because no matter who I run I can see my gold increase with out having to run to the bank to deposit all the time
The wallet is no the Whole patch excuse to ninja nerf tokens and Bags in WvW.
what is the nerf?
8 runs of Cof lol…
I didn’t even notice. I thought it was some walking clock.
Quaggan lololol
I mean there are few people running a bit more complicated model than 3rd party providers, but you cannot get complex in this simple market at all.
I agree.
MatLab, that is very interesting. Isn’t that an academic stats tool? I didn’t know it is employ on a commercial basis. I have used it before. I don’t work in programming HFT, because I am not programmer by trade. I work in the investment industry, dealing with mutual fund and hedge fund. Your model and my model will differ dramatically. Your model is heavily quant and data mining, and my model will include more qualitative.
It was just an example. MATLAB can/could indeed be used for creating and testing an initial model/hypothesis (even something opensource like R would also do the job). For actually running the model/system though, well that would not be done via MATLAB usually, it would be via an in house or otherwise optimized bit of kit due to speed issues.
With regards to the latter part, again I agree with you.
My GW2 model? A freaking joke, but made me 600 gold in a month and half of simple trade.
Nice :-)
Edit – SMC is just me being too lazy to type sequential monte carlo, VECM is vector error correction model.
aah! Monte Carlos Simulations, cool. Love it, but don’t employ it often. Now VECM I have never use it before.
You sure it is just a few? I have noticed several other people just within the market I am dealing with. They very well could be using some external tools rather than spreadsheets that I have. Some people know exactly what is going on. A true sense of arbitrage cannot happen in this market, there is no short position. You would never end up with theoretical 0 risk.
Let’s face it, most hedge fund don’t even hedge. If you think the real world has true arbitrage, you are dreaming. You say carry trade might be a form of arbitrage? nah, it isn’t. currency risk is there.
Arbitrage exist in the academic realm, we try to get to that level but it is extremely difficult. Spread trading were used to employed by traders in the real world, btw. Not some avg joe in the basement, but on trading floor. However, most of that is computerized, HFT!
“You sure it is just a few?”. What do you mean by that? I suggested that very few people in this game are running high order econometric and/or arbitrage models when playing the TP in this game. Do you disagree with that, if so, what kind of models do you suggest they are using exactly?
Plenty of people are no doubt using websites and associated “tools”, but I can’t see people running baskets of assets through MATLAB, using SMC, VECM models and the like as well as looking for cointegration.
As for the real world, well i’ve worked in the HFT arb and market making subset of the financial investment industry for several years now. There are multiple types of arbitrage (not all of it is risk free funnily enough) which have nothing at all to do with carry trades.
I am aware that the average Joe doesn’t use it. Tbh i’m not entirely sure what you are trying to tell me here. I explained that it is highly unlikely that people are going to be running full on econometric models and arb in this game and I also alluded to the fact that most retail practitioners in the real world run what is in effect, highly naive/spurious models at best anyway.
That’s all rather far off topic mind you, if you want to have a debate about it feel free to PM me.
I mean there are few people running a bit more complicated model than 3rd party providers, but you cannot get complex in this simple market at all.
MatLab, that is very interesting. Isn’t that an academic stats tool? I didn’t know it is employ on a commercial basis. I have used it before. I don’t work in programming HFT, because I am not programmer by trade. I work in the investment industry, dealing with mutual fund and hedge fund. Your model and my model will differ dramatically. Your model is heavily quant and data mining, and my model will include more qualitative.
My GW2 model? A freaking joke, but made me 600 gold in a month and half of simple trade.
P.S. Speaking of which I would like to learn more about SMC? what is that. I have an inklin notion of what VECM is. That is very stats focused stuff huh.
(edited by Hell Avenger.7021)
I will just say one thing, this suggestion is ridiculous. all your “value added” had been refuted in my second post. Stop feeding the troll.
You didn’t really refute anything. You argument about trapping money didn’t make any sense. There already is a gold sink in the TP, this doesn’t change the gold sink.
The sink is a good thing because it’s designed to prevent a number of bad economic things — including inflation. This idea provides more sink and therefore more inflation prevention (see goal #1).
You didn’t refute anything about goal #2 which was a more competitive market place.
the Effect of transaction volume with 15% tax > trapping money and decrease transaction volume.
The gold printing machine will keep on rolling, but you want to curtail one of the biggest deflationary device. If you set rule to trap sell order, you DID NOT consider the effect on people’s behavior.
YOU got this idea, “oh people will just sell at lower price to ensure their item get sold.” Meanwhile, PEOPLE’s wealth keep on growing due to inflation, and they start to compete to buy. It will have ZERO effect on curtailing inflation, and make it worse due to decrease in transaction volume/tax.
YOU have to UNDERSTAND, money supply is the determining factor of INFLATION and not sellers/price setters.
I’ll be very honest, your arguments make no sense and you refuse to take in other people’s perspectives. A lot of reply you are getting are from people who actually work in the investment and finance industry. We don’t come in and make stupid comments.
Extremely frustrating talking to someone that is financially illiterate sometimes.
(edited by Hell Avenger.7021)
What most of you seem to be forgetting is the role of speculation on the market. I’d bet that the reason price would go up with a slight increase in supply is that people with excess income would take advantage of the extra liquidity and pull the precursors off the market, thus jerking prices upward. But if there was too much extra liquidity, they couldn’t corner the supply, which would lead to eventual price decreases.
This is similar to what JP Morgan and Goldman were doing in the commodities markets.
That is far from what JPM energy trader were doing… LOL… they were abusing the taxpayers through regulation loopholes.
No, what they were doing was keeping commodities off the markets in order to drive up prices. After JP Morgan bought a major aluminum storage facility in Michigan, order fulfillment time increased from 2-3 months to 16 months, and the decreased liquidity in the spot market drove prices up – even though production was at an all time high. There was a senate hearing on this just this week (http://www.businessweek.com/news/2013-07-29/regulators-face-scrutiny-on-banks-commodities-at-senate-hearing)
A very small bump in the precursor rate would encourage a price rise here because speculators would still have enough resources to dominate the market, and they would snap up all the inventory (because of low liquidity in the spot market) and would drive up prices in the interim (from speculators speculatin’). If you increased the precursor market tenfold, there probably would be too much liquidity for the speculators to control, and thus you’d then encounter a steep shift in the price curve.
I am talking about the most recent investigation into JPM energy trading. They would offer very low price so they can open up their power plant. Then they offer very high price, so nobody will buy their energy. As a result, due to the state agreement, make whole agreement, the State has to pay JPM money to “run the plant”
I will just say one thing, this suggestion is ridiculous. all your “value added” had been refuted in my second post. Stop feeding the troll.
If bots could fully flip items the spread on everything would be bid down to the 15% fee plus risk premium plus time premium. Spreads are higher when everyone has to do it manually since players want to actually get paid for their time.
I do find it surprising that spreads have remained consistently high in several markets; I guess there just aren’t enough people trying to flip some items to really compete the spreads down.
Either not enough, or deem not worth their time. LOl, I do know I have force few out of the market in the past. However, as profit grew they come back. Oh well, it is always to have pockets of superior profit once in a while.
OH look, I have 12 gold worth of things stuck in the market today. That is a risk I am taking.
If you’re going to get into semantics and completely disregard a field due to what you’ve seen in your own, (probably) poor-quality post-secondary institution, then why shouldn’t we disregard your views as well? Why bother replying at all as what you’ve said in this latest post has nothing to do with this thread?
A sociological view on this economy isn’t some sort of speculative, subjective professor-vomit. If so, a lot of the users that have posted on this thread must be very attentive during their sociology classes.
The point: it’s not a fringe “Occupy X” mentality to have a shared disapproval of concentrated capital in the market.
Sir, I critically wounded your position to near death without needing to point out that sociology is not a worthwhile academic pursuit so I removed my original comment. You added it back into the debate (my guess is so that you could turn a blind eye to your whimpering argument’s mortal wound).
Since you wish to continue down this road, I shall put your entire field of study into the same corner as your poorly-formed position:
The concept of infinite wealth does not derive from quantity of resources. Gold ore in the ground has no value. It is not until a person recovers it from the earth that value is added to the ore. All economic value is derived from work that adds value. As long as there are people, there is therefore infinite wealth because there is always some work that can be done that will add value. The expenditure of time/effort/skill is what creates wealth in the real world and that is infinite.
And you are correct, it is unfortunately not a fringe opinion that you share, it is a widely disbursed swath of nonsense that is dangled in front of the jealous masses by instigators, eager to profit in the aftermath of class warfare.
Good. Day.
lol that is a good one. It is always easy to instigates class warfare. Look at communism, end of the day the guy with power confused the masses and used the masses to steal wealth from the old rich.
Why do people keep referring to taking the spread as arbitrage? It is not that at all.
The kind of trading we see on the AH is extremely basic, even the kind of rubbish day traders often use (totally spurious TA et al) is more complex than what is going on here.
There will be precious few running actual economic/arbitrage models (probably none at all).
Flippers are looking at a website and/or a basic spread sheet and simply trying to capture the spread. They are tying up capital, taking a risk in doing so, competeing against other players trying to achieve the same thing and they are providing liquidity to the market place whilst doing so. There is nothing at all wrong with that.
You sure it is just a few? I have noticed several other people just within the market I am dealing with. They very well could be using some external tools rather than spreadsheets that I have. Some people know exactly what is going on. A true sense of arbitrage cannot happen in this market, there is no short position. You would never end up with theoretical 0 risk.
Let’s face it, most hedge fund don’t even hedge. If you think the real world has true arbitrage, you are dreaming. You say carry trade might be a form of arbitrage? nah, it isn’t. currency risk is there.
Arbitrage exist in the academic realm, we try to get to that level but it is extremely difficult. Spread trading were used to employed by traders in the real world, btw. Not some avg joe in the basement, but on trading floor. However, most of that is computerized, HFT!
(edited by Hell Avenger.7021)
i am tired of this discussion. poor people complain about rich people. happens all the time.
More clarification:
- It’s an artificer recipe
- You can trade the output of the recipe between characters on your account
- The recipe makes a one-time use item, it does not unlock a new skill
- This is not going to replace a mesmer in your party
Can mesmers get a different recipe output that is actually useful to them?
Just sayin…I love the idea of a personal portal thing…but it’s pretty useless for the people who have them
no new shinies for mesmers
But it sounds like a great idea and I like the fact that it won’t be useable in WvW! It’ll be interesting to see how it all works out.
Good for the 7 classes, outshine the benefit of the 1 class. PLUS, you guys own in pvp already. Quit wanting everything.
REFUND! lol i got it a day before the announcement.
Just sayin…I love the idea of a personal portal thing…but it’s pretty useless for the people who have them
no new shinies for mesmers