Result on new currency (if there is any)

This is an obnoxious criticism.

That being said, I also think the reverse tax (or rather the future tax) method for the BMC is rather strange and is largely a deciding factor in why many players don't use it. But Matt explained in another thread his reasoning for that and it does make sense.

Lastly, the coin was not introduced to reduce the prices of WS/CS. That's not how currency works.

 

Did someone call me?

I do like the 1b coin patch a lot. I was able to convert all my liquid assets into coins instead of stacking max mesos on multiple characters and accounts since I still do not trust the unstable pricing on ws/cs.

I think the recent patch is very positive to the current economy, but if AP resets are stackable and being sold by an NPC (tradeable or non tradeable), it will further stabilize the current economy.

 

So can you give me the link that explain the reason for 1b coin? I really want to know. As we all know and most people (over 90%) are believe WS/CS is a currency in this game, so make another currency is not a reason and just waste time because we already have one. I would like what reason is for 1b coin.

 

Can you send me a link to back up your 90% statistics and your assumption?

I know a lot of super wealthy people/friends are stacking up coins now using it as currency instead of ws/cs.

 

Sorry it is 80% not 90%. Check the vote(link) in the beginning of this thread.

 

Also how can you assume people who answered yes to that vauge question believe in ws/cs? That's like saying if I made a survey asking people if they like salad, and I assume they are vegetarians.

 

Read the extra explanation regarding to the choices.

 

I did, but I still cannot link the vote to the claim.

If I vote for using ws/cs as currency, that doesn't mean I won't stock up my liquid assets in 1B coins.

 

Don't know what you are talk about.

The people vote yes think WS/CS should not use as currency, so if there are new currency show up they will use that.
The people vote no think WS/CS should be use as currency regardless there are other options in the game. Like now we can use 1b coin to trade, but people vote no will not change their and still use WS/CS to trade.

 

From seller's perspective or buyer's perspective?

If I'm selling high value items I rather people pay me in ws/cs because typically people accept them at the lower end of the market value. I can then resell the ws/cs for more and make another profit or save me the time and trouble to collect ws/cs.
Edit: I believe you should have an ideal on how hard it is to collect enough ws/cs at a reasonable price to pay for a high value item. The 1b coins is definitely a plus.

If I'm buying high value item I'd rather pay in 1b coins because it's easier and cheaper than paying in ws/cs.

IMO you're overly simplified the issue, and make the question too vauge with limited options and minimal controlled factors to build up a cause for people to vote .

 

It doesn't matter from which perspective, look the market as a whole. The problem is most people believe we already we already have a currency, making a new one is just waste of time. Some people will be use both currency but it doesn't change anything. You may say it has some effect and yes, it is. But compare the amount of work with the result, I believe it is not worth. We still have lots of bugs need to fix, it is not like the game is prefect now so we can put all the time try every new things.

 

We had the currency ever since the beginning of this server. We never lost it.
The issue is quite a few people do not trust this currency due to the recent unstable ws/cs to mesos ratio. Quite a few people I know will stock up multiple characters and accounts full of max mesos instead of buying ws/cs because of the unstable ws/cs pricing prior to the 1b coin system.

I'm sort confused on if you're trying to say using ws/cs as currency is the way to go, or you're trying to say the 1b coin system sucks.

 

I am saying implementing the 1b coin is waste of time. I believe there are lots of work behind it. It should be spend on time more important tings first. The 1b coin is just something optional. With or without it changes nothing.

 

Well let's reword the question and let's experiment.

There you go. Let's let the voting result tell the full story.

https://royals.ms/forum/threads/1b-coin-currency-vs-ws-cs-currency.112857/

 

I don't think the vote is necessary. It is already implement. No matter the result, it will not be taken back. If you really want do this, you should do this before they coding this and check if the coding for is worth or not.

As far as I see now, the 1b coin didn't bring anything big change to the market, except make a new way to trade. Without 1b coin, people can still trade, it is just a duplicate.

 

If it's truely useless, people won't use it. If people are using it, then it's not as useless as you want people to think.

 

It is not people are use it or not. The question is: what is brings to the market?

Think about this, now we have bottom DEX 60% accuracy scroll. Then we spend so much time to implement a bottom DEX 60% speed scroll. Both scroll add same amount of DEX. Then people have a alternative scroll to use on their bottom. Of course people will use BOTH. But is it worth to spend a lot of time to code this (if the coding time is long)?

 

Uhh, I'm not sure if I agree with your opinion that BMC changes nothing...

First of all, it allows people without CS/WS to do trades over 2.1b. Second, it's a fixed currency. It ensures your 1b stays 1b. CS and WS are volatile, their values change periodically. Yesterday it might be 400m, tomorrow it might be 500m, the next day it might be 350m. That isn't good at all, because trades will be subject to changes according to their current prices.

 

Have you noticed higher trading transactions and more people are willing to buy and sell high value items since the implementation of the coin system?

That's when ws/cs value were out of wrack, people are not comfortable exchange their high value items with ws/cs because they have no sense of security they won't lose tons of money the next day when the ws/cs price change drastically again.

A lot of people simply stock up on mesos and wait for ws/cs price to stabilize, so the market was extremely dry.

The coin system revived the market again, it gave people access to alternative currency that will make trades easier not having to collect tons of ws/cs.

If you don't believe me, go try and collect 50+ ws/cs in a short period of time to buy something you want. It's impossible unless you're willing to lose a lot of money collecting them at a much higher value than the seller are willing to accept them.

The coin system made people much willing to buy and sell items compared to the last few weeks/months when the ws/cs prices are constantly fluctuating.

I don't see how this is not bringing anything to the current market