Items Updated - 2018.07.09
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Items Updated - 2018.07.09
That's a lot of idiot tax on whm torques kemistry made out
Asura.Eiryl said: » That's a lot of idiot tax on whm torques kemistry made out Waktza Crest, .65m Dark Matter 2m Khoma Thread 1.1m Seedstone Crystal 3m Moldy Torque 3m Total: 9.75m He is selling them for 8-9m.... What am I missing?
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He's saying that he managed to find someone willing to buy the +2 for 300m, despite the only current difference being 5% cure potency and 20 mp.
Asura.Geriond said: » He's saying that he managed to find someone willing to buy the +2 for 300m, despite the only current difference being 5% cure potency and 20 mp. Praise be unto Rooks when he do what he can!
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300m? I'll sell my +2 RDM torque right now for that, and buy another one when price drops in a few months lol
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Leviathan.Kingkitt said: » 300m? I'll sell my +2 RDM torque right now for that, and buy another one when price drops in a few ^ This is how you're supposed to play. Let someone else pay idiot tax Being the first to own something isn't special, it just means you weren't smart enough to sell it.
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Asura.Eiryl said: » Leviathan.Kingkitt said: » 300m? I'll sell my +2 RDM torque right now for that, and buy another one when price drops in a few ^ This is how you're supposed to play. Let someone else pay idiot tax Being the first to own something isn't special, it just means you weren't smart enough to sell it. It's also quite possible that the price will hold steady (or even increase) once we find out about the incoming augments.. OMG, stop calling people stupid and idiot when they do something differently from what you would do. It's not real money. People who spend 300M on something are not giving up food or rent. Gil is fake money.
Feels like people are so insecure they need to laugh at everyone else just to feel better about themselves.
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"Idiot tax" is not calling anyone an idiot.
Bismarck.Laurelli said: » OMG, stop calling people stupid and idiot when they do something differently from what you would do. It's not real money. People who spend 300M on something are not giving up food or rent. Gil is fake money. And it is real money. If it can be sold, then it has value. It's loosely why there is such a big deal with "loot boxes". While not being "directly" gambling. They do have "real world value".
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Nyarlko said: » Asura.Eiryl said: » Leviathan.Kingkitt said: » 300m? I'll sell my +2 RDM torque right now for that, and buy another one when price drops in a few ^ This is how you're supposed to play. Let someone else pay idiot tax Being the first to own something isn't special, it just means you weren't smart enough to sell it. It's also quite possible that the price will hold steady (or even increase) once we find out about the incoming augments.. Extremely unlikely. The initial prices are always inflated by 2~3x the actual market value due to non-existent supply vs initial demand. After a few weeks the supply has stabilized and the demand has leveled off. Even if SE introduces decent augments, the pattern will repeat on a smaller scale. This is why it's called an "idiot tax", its a rush of people trying to buy something that's value is going to plummet and be much cheaper within a week or two.
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Bismarck.Laurelli said: » OMG, stop calling people stupid and idiot when they do something differently from what you would do. It's not real money. People who spend 300M on something are not giving up food or rent. Gil is fake money. Feels like people are so insecure they need to laugh at everyone else just to feel better about themselves. They don't understand that items value declines over time. It's really that simple. There really is no rational reason to overpay for something because it is new. Asura.Eiryl said: » "Idiot tax" is not calling anyone an idiot. Bismarck.Laurelli said: » OMG, stop calling people stupid and idiot when they do something differently from what you would do. It's not real money. People who spend 300M on something are not giving up food or rent. Gil is fake money. And it is real money. If it can be sold, then it has value. It's loosely why there is such a big deal with "loot boxes". While not being "directly" gambling. They do have "real world value".
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Common misconception.
Whether you actually sell it or not, it still has value. Actually, addendum, it only has value because most of you think it has no value. If everyone sold it wouldn't be worth anything lol.
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It doesn't have effective real life value (when on your person) if there are literally no circumstances where it would be converted into real life value. If you throw a ton of gold into the sun, it still technically has monetary value, but not real value, because it can't ever be exchanged or used.
Asura.Geriond said: » It doesn't have effective real life value (when on your person) if there are literally no circumstances where it would be converted into real life value. If you throw a ton of gold into the sun, it still technically has monetary value, but not real value, because it can't ever be exchanged or used. Time = Money Currency is just a numerical representation of someone's time, thus when someone spends X of currency Y they are really spending time. Time always has value.
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Asura.Saevel said: » Asura.Geriond said: » It doesn't have effective real life value (when on your person) if there are literally no circumstances where it would be converted into real life value. If you throw a ton of gold into the sun, it still technically has monetary value, but not real value, because it can't ever be exchanged or used. Time = Money Currency is just a numerical representation of someone's time, thus when someone spends X of currency Y they are really spending time. Time always has value. Asura.Geriond said: » Time only has monetary value if there were any circumstances where you'd have instead been using that time to create real life value of some kind. That's literally every second you're logged in. You could be out networking, or improving your life, or cooking prep meals, workin OT etc etc etc etc Asura.Eiryl said: » Asura.Geriond said: » Time only has monetary value if there were any circumstances where you'd have instead been using that time to create real life value of some kind. That's literally every second you're logged in. You could be out networking, or improving your life, or cooking prep meals, workin OT etc etc etc etc Regardless, this is off topic (well, doubly off topic); talking about direct monetary value is different from talking about indirect opportunity cost, and my original point was about the former.
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I mean, this thread doesn't even have a topic. It wasn't even a thread to be a thread... so, can it really be off topic?
Asura.Saevel said: » Nyarlko said: » Asura.Eiryl said: » Leviathan.Kingkitt said: » 300m? I'll sell my +2 RDM torque right now for that, and buy another one when price drops in a few ^ This is how you're supposed to play. Let someone else pay idiot tax Being the first to own something isn't special, it just means you weren't smart enough to sell it. It's also quite possible that the price will hold steady (or even increase) once we find out about the incoming augments.. Extremely unlikely. The initial prices are always inflated by 2~3x the actual market value due to non-existent supply vs initial demand. After a few weeks the supply has stabilized and the demand has leveled off. Even if SE introduces decent augments, the pattern will repeat on a smaller scale. This is why it's called an "idiot tax", its a rush of people trying to buy something that's value is going to plummet and be much cheaper within a week or two. Even at the low end of prices (ie: pre-update) we were looking at ~20mil per weapon synth (plus cost for Demon's Medal) and ~7-8mil per neck synth. Those prices have gone up since the update, so unless there is some catch that we don't know of yet, the idiot tax on these items is not actually that large a portion of the current prices. I also expect +2's to come down a bit, but I don't see less than 200mil happening anytime soon unless the augments flat-out suck, and even then, certain ones may still retain their value just due to their base stats. Asura.Geriond said: » Asura.Saevel said: » Asura.Geriond said: » It doesn't have effective real life value (when on your person) if there are literally no circumstances where it would be converted into real life value. If you throw a ton of gold into the sun, it still technically has monetary value, but not real value, because it can't ever be exchanged or used. Time = Money Currency is just a numerical representation of someone's time, thus when someone spends X of currency Y they are really spending time. Time always has value. Other way around, Money isn't the universal currency Time is. Currency ~always~ has Time value and Time always has value. When you spend currency, both real and virtual, there is a time value attached to that. How long did it take person X to generate currency Y, that time is the basis for the value of that currency. Even materials costs is just an expression of someone else's time since someone had to gather or produce those materials.
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Nyarlko said: » Asura.Saevel said: » Nyarlko said: » Asura.Eiryl said: » Leviathan.Kingkitt said: » 300m? I'll sell my +2 RDM torque right now for that, and buy another one when price drops in a few ^ This is how you're supposed to play. Let someone else pay idiot tax Being the first to own something isn't special, it just means you weren't smart enough to sell it. It's also quite possible that the price will hold steady (or even increase) once we find out about the incoming augments.. Extremely unlikely. The initial prices are always inflated by 2~3x the actual market value due to non-existent supply vs initial demand. After a few weeks the supply has stabilized and the demand has leveled off. Even if SE introduces decent augments, the pattern will repeat on a smaller scale. This is why it's called an "idiot tax", its a rush of people trying to buy something that's value is going to plummet and be much cheaper within a week or two. Even at the low end of prices (ie: pre-update) we were looking at ~20mil per weapon synth (plus cost for Demon's Medal) and ~7-8mil per neck synth. Those prices have gone up since the update, so unless there is some catch that we don't know of yet, the idiot tax on these items is not actually that large a portion of the current prices. I also expect +2's to come down a bit, but I don't see less than 200mil happening anytime soon unless the augments flat-out suck, and even then, certain ones may still retain their value just due to their base stats. Umm the "idiot tax" is about 10x right now because Crafting Shields exist. Your looking at the prices for the NQ's yet NQ's should be rare of simply not exist, it's the +1's we should be basing our cost estimates on. The +2's are going to be super expensive because the Shields don't protect you from producing a +1 and +2's are a fraction of the rate of +1's. Asura.Saevel said: » Asura.Geriond said: » Asura.Saevel said: » Asura.Geriond said: » It doesn't have effective real life value (when on your person) if there are literally no circumstances where it would be converted into real life value. If you throw a ton of gold into the sun, it still technically has monetary value, but not real value, because it can't ever be exchanged or used. Time = Money Currency is just a numerical representation of someone's time, thus when someone spends X of currency Y they are really spending time. Time always has value. Other way around, Money isn't the universal currency Time is. Currency ~always~ has Time value and Time always has value. When you spend currency, both real and virtual, there is a time value attached to that. How long did it take person X to generate currency Y, that time is the basis for the value of that currency. Even materials costs is just an expression of someone else's time since someone had to gather or produce those materials. Asura.Geriond said: » Asura.Saevel said: » Asura.Geriond said: » Asura.Saevel said: » Asura.Geriond said: » It doesn't have effective real life value (when on your person) if there are literally no circumstances where it would be converted into real life value. If you throw a ton of gold into the sun, it still technically has monetary value, but not real value, because it can't ever be exchanged or used. Time = Money Currency is just a numerical representation of someone's time, thus when someone spends X of currency Y they are really spending time. Time always has value. Other way around, Money isn't the universal currency Time is. Currency ~always~ has Time value and Time always has value. When you spend currency, both real and virtual, there is a time value attached to that. How long did it take person X to generate currency Y, that time is the basis for the value of that currency. Even materials costs is just an expression of someone else's time since someone had to gather or produce those materials. Quote: Time only has monetary value if there were any circumstances where you'd have instead been using that time to create real life value of some kind. Time = Money If A = B and B = C, then A = C All things ultimately have a time value, and thus all things also have a currency value. RMT functions on the concept that they can spend their time creating value that is then sold to someone else. That other person is using their time to generate value that is being used to pay for the RMT's time. Ultimately all transactions are just exchanges of time. Your only thinking of direct first order exchanges without taking into account the much bigger picture. You typing on this forum is you spending your time for something you feel has value. When you buy something at the store your spending your time to acquire something that itself is representative of thousands of other peoples time. Time = Money is a gross oversimplification, and is not true in all situations. Just because it's the primary (but not only) basis for currency and means of trade does not mean that said relationship does not vary due to circumstances, nor does it mean that time spent always has monetary value.
Asura.Geriond said: » Time = Money is a gross oversimplification, and is not true in all situations. It's 100% true in all situations across the universe. Time is a universal currency, you only have a limited amount of it and it can never be created. Once Time is spent it can never be regained again. Money is just a numerical representation of somebodies time. Because time has different value to different people, currencies are created as a universal method of exchanging that time. Again you have the relationship reversed, Time is the universal currency, Money is just a way to represent it numerically. Because of that relationship, Time = Money is always true to all things in all places. Someone not realizing it's true doesn't stop it from being such.
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