Looks like Three Rings is making even more promotional items than ever. If the Tabards/Chapeaus were bad enough, the stupid tails tail came along, and if the wound wasn't deep enough, they added a metal sonic suit. Sure, let's just keep pouring salt and acid over the economy as we brutally stab it to death.

Promotional items are a fine idea, but the problem with it is that it's going to ruin the economy and literally put it on steroids. It'll rise quick with the sudden influx of energy, and fall farther than ever when the supply is drained by the so-called "value" of promotional items. Why? Because people are idiotic and greedy. People will charge rather obscene amounts of CE for these costume items and accessories. And in doing so, it'll waste the CE in our economy. This could easily be solved if all promotional items were bound immediately when obtained.

The fact is, there are better items to use as costumes than these. You could use low or high quality armor as a decent costume, it's not that hard. But since it's a limited-edition item, everyone's logic will be "It doesn't matter if this thing sucks, if there's a limited supply it should be worth a million CE"

In a nutshell, Promotional items should be bound when obtained to prevent the economy from being wrecked. The items were meant to be a small bonus for you, not an extra profit. Whenever Three Rings makes tradable promos they lose money because people sell promos for high amounts of CE, which lowers their chances of buying more CE since they have too much of it on their hands.

Don't start whining when CE prices rise anywhere from 9k to 12k. There are already greedy idiots who are trying to manipulate the market to get instant, free profit. I've just explained two things that cause Three Rings to lose money in this thread, I wouldn't be surprised if there were any other flaws in the game that decrease the company's profit in even the slightest. Because let's face it: Three Rings doesn't care about anything as long as they're making money. You've got an idea? Too bad, nobody cares and it will NEVER make it in the game unless it helps Three Rings get loads of extra dosh. Sorry but it's the truth. Spiral Knights is pay-to-win.

^

I am sorry you are wrong. Greed goes both ways in this game so both parties are greedy. Three Rings does not control the market at all the players do since its a free market.

There's only two ways to lower the price of CE. Remove crowns, or add CE to the economy. (lots of ways to implement that)
The vanity auctions remove a lot of crowns, so that will lower the price. The vanity items included with a CE purchase also lower the price because they make people want to buy CE with $.

Ultimately, even if OOO manages to get the economy in equilibrium, the price will settle right around the crowns you get from a jelly king run + vendoring materials. (which is in the 6000's where it always seems to return to)

I'm not quite sure how this topic is still alive. Then again by doing this, I'm not helping.

inb4damnitfeelsgoodtobeahipster.

Are all of you closet economists or what? I'm amazed at how many posts on economics this game has. Maybe Ren is a Keynesian.

Then again, I love the market in this game. It's the fairest I've seen so far. Gotta love the free market.

"people sell promos for high amounts of CE, which lowers their chances of buying more CE since they have too much of it on their hands."

Ren's argument assumes that the Demand curve would increase at such a rate that will surpass the increases of the Supply curve. That's why he's so scared of promotional items. He thinks that people are so easily baited that everyone will be rushing for the promo items regardless of price, with demand increasing so fast, supply can't keep up because people are hording. It's sort of like people hording Bitcoin because it appreciates nearly constantly.

But we all know everyone needs a balance of crowns and CE. No one can survive on CE alone, nor crowns alone so the market will flow.

If the Demand curve shifts faster that Supply curve, then equilibrium will indeed be higher as Ren says. Remember that the Supply and Demand curve is an X.

However, this is looking only at one dimension. Even if there is obscene demand for one promo item, it does not follow that other items, including promo items will not drop in price, rise in price, increase/decrease supply. Just because demand increases does not necessarily mean prices go up. This is because supply will also increase. Though he is right that supply may not always keep up, but that depends on each item and the moment in time.

This means that Ren is jumping the gun in his prediction as you have all pointed out. Ren's scenario is remotely possible but that will only happen if people FAIL to buy promo items with cash from OOO rather than buy MORE. More promo purchases is good, it increases the output of the economy.

To be fair to Ren, his scenario has a remote possibility, but it will only happen when people stop paying for this game, which is dependent on more factors than the number of types of promo items, like OOO stops advertising, or the game becomes not fun anymore.

"There are already greedy idiots who are trying to manipulate the market to get instant, free profit."

This is hard to do. Even if there are people who temporarily inflate the price, it will come back down. I know because I was a bit of a rascal when I got away selling 10 green shard for $2k, and in my frenzy to ride that trend by buying as much green shard as I could, I only managed to break even in the end because the price fell. It is only possible where there's a group large enough to have a monopoly.

I'm necroing this thread because after reading through all the posts it turns out that Ren's prediction of CE hitting 9-12k has turned out to be correct. Not to mention the scenario of where "a group large enough to have a monopoly" (quoting Nuncprotunc) also turned out to be true when CE hit a ridiculous amount of crowns and people were profiting off selling ce at over 75,000cr.

The prediction was still correct because it happened.

But now that the guildhall has been implemented, we can quite frankly say that Three Rings has made a spectacular comeback to repairing the economy. Thanks! New players can once again afford CE. (I do hope it lasts though)

" I SCREAM BLOODY NERCO!"
der u go buddy ^.^

"(...) Not to mention the scenario of where "a group large enough to have a monopoly" (quoting Nuncprotunc) also turned out to be true when CE hit a ridiculous amount of crowns and people were profiting off selling ce at over 75,000cr."

Uh, that was because of an exploit and not because there was "a group large enough to have a monopoly".