Trux
Old Alpha
- Joined
- May 8, 2006
- Posts
- 808
- Society
- Chi-Unit
@goni: sry if i haven't pointed that out: i'm well aware that supply and demand make the price of products..
i was not pointing that one out because i assume everyone would know that..
the point i wanted to make was: everything has a MARKET VALUE irl!!!!
this MARKET VALUE comes from: cost to produce (as i said) and supply/demand (as you added).
you prolly don't understand because you haven't read the quote i was referring to..
again, sry, i didn't mean to take an hour of your time to write a paper about supply/demand.. i'm familiar with it.. sry i wasn't writing in a perfectly understandable way..
this one is interesting..
beacuse: in EU the base-value of an item *doesn't reflect its production cost*! in EU, the base-value is just a rigged number that MA was 'thinking it's cool'.. and that's the main crucial point in the tt-value system imo!
this little difference is what making the EU-economy so distant from RL-economy: 'randomly' rigged values, that don't reflect the cost to obtain or produce an item!
and this was also my point when i was referring to 'production cost' VS 'randomly rigged number' in my writing.. again, sry for skipping the supply/demand part altogether..
(although, if you read again carefully you'll see i stated the principles of supply/demand in one of my posts)
a stable market due to 'artificially rigged values'? seems strange to me..
ofc, the OA-101 would sell for nothing if it had no tt-value..
but then again, crafters would just not craft them, and craft things that there is a market for instead. a market is a result of a supply/demand-system and a must have for any economic system.
no market - no economy..
the MA-model of randomly rigged values, that doesn't reflect production costs NOR the supply/demand system, is imo not comperable to ANY real economy for many reasons..
it's one of a kind.. like it or hate it, but don't tell me it's the way an economic system is proven to work..
1000s of OA-101s going straight to tt each day is not a sign for a healthy economy imo.. it's no economy at all.. it's simply the same as changing casino-chips back to cash..
in a healthy economy, products are produced to be sold to consumers.
again, i'm sorry for skipping some points in my previous posts and having made you write that wall of text..
HOF, HOF (ye, HOF HOF is what drives the EU 'economy', and nothing else)
i was not pointing that one out because i assume everyone would know that..
the point i wanted to make was: everything has a MARKET VALUE irl!!!!
this MARKET VALUE comes from: cost to produce (as i said) and supply/demand (as you added).
I don´t understand that.
If I am producer of bottles, I have to run around to find company that needs the bottles to buy it. I can´t sell bottles to my local supermarket.
If I am a farmer who got 1000 acres of grainfields, I have to run around and find buyers for my grain. The local supermarket, doesn´t buy grain.
If I am producer of milk, I can´t sell 20k liters milk to my local supermarket directly. I need a company to buy the milk, fill it into bottles or tetrapack, and those company may deliver to the supermarket, but not me the producer.
you prolly don't understand because you haven't read the quote i was referring to..
again, sry, i didn't mean to take an hour of your time to write a paper about supply/demand.. i'm familiar with it.. sry i wasn't writing in a perfectly understandable way..
So if you like to compare IRL with EU, than we got a base value for the products IRL as well. Base value is the production cost. What you get more than the production cost due to higher prises made from supply and demand is the markup. But as I already explained is, that IRL you can´t get the basevalue everytime whenever you want. It may happen, that there is oversupply. In that case you may sell, below production cost, and make a loss, or you try stockholding your goods and hope that prise will go up again. In the second case you got the problem, that stockholding will cost money, a lot of money. You got high risk IRL with everything you do, as there are is no gurantee that you get back the money you paid for the production.
this one is interesting..
beacuse: in EU the base-value of an item *doesn't reflect its production cost*! in EU, the base-value is just a rigged number that MA was 'thinking it's cool'.. and that's the main crucial point in the tt-value system imo!
this little difference is what making the EU-economy so distant from RL-economy: 'randomly' rigged values, that don't reflect the cost to obtain or produce an item!
and this was also my point when i was referring to 'production cost' VS 'randomly rigged number' in my writing.. again, sry for skipping the supply/demand part altogether..
(although, if you read again carefully you'll see i stated the principles of supply/demand in one of my posts)
EU got a stable market only because we have the TT.
Many products would have lost any value if there wasn´t the TT.
Think about OA-101 crafters. Who should buy 10k OA-101 every day, from those insane OA-101 ATH-hunters? And its not only one crafter that clicks thousands OA-101 on a daily base, there are a lot of them! Nobody would buy it for that prise TT is offering. And thats the reason why so many many thousand OA-101 go directly into TT, every day!
a stable market due to 'artificially rigged values'? seems strange to me..
ofc, the OA-101 would sell for nothing if it had no tt-value..
but then again, crafters would just not craft them, and craft things that there is a market for instead. a market is a result of a supply/demand-system and a must have for any economic system.
no market - no economy..
the MA-model of randomly rigged values, that doesn't reflect production costs NOR the supply/demand system, is imo not comperable to ANY real economy for many reasons..
it's one of a kind.. like it or hate it, but don't tell me it's the way an economic system is proven to work..
1000s of OA-101s going straight to tt each day is not a sign for a healthy economy imo.. it's no economy at all.. it's simply the same as changing casino-chips back to cash..
in a healthy economy, products are produced to be sold to consumers.
again, i'm sorry for skipping some points in my previous posts and having made you write that wall of text..
HOF, HOF (ye, HOF HOF is what drives the EU 'economy', and nothing else)