Guild Wars 2

John Smith.4610:

If you study economics you should have no trouble sitting down and thinking about the problem and coming up with an answer.

Just because the economy is virtual, doesn’t mean it isn’t subject to market failures or other economic constraints. In the case of the answer to this question, virtual economies are much MORE subject to this pressure than regular economies.

So where the tax went? What for? Where is our Lord?! The First of his Name, King of the Tyrians and the First Men, Lord of the Seven Kingdoms and Protector of the Realm? We demand our right! Our justice!!

Thrishmal.5019:

The only way I could see a system like this working is if you could put bound items or currencies up for collateral. Thinks like laurels, karma, dungeon armor, tokens, and various other objects would be good for such a system. Loaners would gain either money or something that they would have to work fairly hard towards in order to get. Items/currencies would have values attributed to them by an automatic pricing system from ANET to keep values steady on objects held as collateral.

A player could put up as many objects in a single loan contract as they desire, such as an entire dungeon armor set (value derived from token costs).

I think the system certainly has potential.

Then, why just dont make all bound item can be sold at BLTC?

Same question as John’s, what’s the difference?

this..

Tallis.5607:

John Smith.4610:

What’s the difference between this system and just selling your items on the TP then buying them back later?

That you do not run the risk that prices 3 folded by then.

Another question is ‘Why would anyone take the risk to take collateral that may be worth less in the future, making the buyer walk away from the collateral’.

The prices in this game are messed up. They go up and down more than in any other game. Collateral needs stable (or at least predictable) prices. GW2 is faaaaaaaar from that ideal.

and this..

nastyjman.8207:

Collateral is valued on the TP’s Sell Offer price. If you took the collateral when the loan defaults, you could sell it by undercutting the Buy Offer price, which may break-even or give a small profit or become a net loss. This would be the risk that the loaner takes for the sake of interest profits.

25 stacks of confusion..