Inflation is additive to the cost (CPI) of most products or services. It is not BASE on how much you make or how much money is out there.
Every time people borrow “printed” money they have to pay INTEREST with it. Which is base on Federal Fund rate. If you have a “credit” card you understand this? I assume you don’t since this is your explanation.
Most businesses so they can earn more credit borrow money from the banks. Businesses account taxes, welfare, healthcare (if they force to pay for it) etc and “add” it to the cost (CPI) of most goods and services. That is passed on to the consumer.
You can’t say you are making $300 per hour and willing to spend $50 dollars for a Mango and that is your version of inflation. Similar to players that spend gold frivolously to whatever crap they want to buy.
Make sure to help yourself and do research. If your inflation is true and there is deflation. Why are some items GOING UP? THINK THINK.
Some items going up? fusion materials pretty much. Everything else is going down. Also you are saying that inflation has nothing to do with how much money is out there. Do you really think thats how it works? so if everyone made 2k gold account wide per week prices would stay the same? THINK MARK, THINK. If you lower the amount of gold injected every week into the economy, on top of that you kill bussing, which they pretty much did for valtan and argos, of course prices will go down. People literally have less money to pay for the same stuff. If bots get destroyed, then whatever the bots used to supply will naturally go up, but if bots stay the same and the gold gets nerfed, then yes, everything goes down. look at marvelous leapstones being sold for 49 gold today, destro stones going down, every single class and common leg book dropping about 30% of its price from last week. Yes, fusion materials are more expensive, but not cuz of the gold nerf. It is an isolated case cuz bots used to supply it. and thats it. So look at the whole picture, dont use fusion mats for your whole argument of everything going up (when its actually going down). And if you think that the amount of gold injected into the game every week has nothing to do with pricing, then yeah, you come from Tik Tok economics academy
Did you see the cost of Artist engravings, stones, and accessories (support)?
Why do you think that is if “inflation” and “deflation is happening”?
Again I have to point out, what YOU MAKE or how much MONEY is out in the world is not the root cause of inflation. If that value is the case we have TRILLIONS of DOLLARS out there in the world. Imagine basing those trillions of dollars on the COST of products in the U.S. If I base inflation on how much money Elon Musk or how much he makes per year have that be insane. Do you get it?
Do you understand how mathematically bad your concept is? If some items are going UP and some are going DOWN. Then that is NOT inflation.
Besides we don’t even have standard pricing. Someone might be desperate enough to sell goods at a cheaper.
Boinkboink is half right that actual inflation is only noticeable with highly liquid goods without monopolies or single factors that vastly change things.
Unfortunately Lost Ark is too segmented for anything to really get to the point where you can see if theres inflation.
The main argument for inflation is if there’s more gold in the economy it has to go somewhere and if gold is being spent it has to be done in a way that increase demand (ie higher prices).
However the existance of bots with high supplies generally prevents anything from truly inflating and prices mostly driven by supply and demand. You can argue that where the supply/demand curves meet is higher because people are “richer” in general and thus can tolerate higher prices. But that’s based on the assumption that people will pay more if they have more money even if theres a big supply
It’s hard to find a real example of inflation due to how lost ark market works.
OH SHEET the costs of books that literally didnt exist last week are expensive? yeah, tell me about it. And yeah, I saw the prices, I sold a lot of stuff yesterday, stones were mad expensive and they already dropped down today. So you are saying that everything will go up when people are gonna make way less money? That literally makes no sense at all. And no, some items are not going up. The only ones that went up were fusion mats and fish, which is your ENTIRE argument. LITERALLY EVERYTHING ELSE IN THE MARKET IS GOING DOWN, and that’s deflation kickin in. fusion mats and fish go up cuz of the bot prevention measure, an isolated case. THE WHOLE MARKET is already going down. Maybe you dont remember summoner books at 25-30k on release week and artist which is a way more popular class is at 17000 as we speak on second day. STOP LOOKING AT YOUR FUSION MATS and look at LITERALLY EVERYTHING ELSE
No… you took advantage of the basic economy principle. There is no SUPPLY for said goods at the very start.
Supply and Demand. Players that spend money or have gold reserved for the class are willing to pay that much. Similar to people that earn more money and can do whatever they want they can pay for overpriced goods. THIS IS NOT INFLATION.
Everything else is going down because there is still an alternative toad? We also have a SOFT cap and capped progression. Like I said before the demand is less than what it was when the items were introduced: Similar to GHL when it went up to a whopping 500-1000g or MHL for 200g now it’s down because that either spend money have more access to gold. If inflation is happening prior to all of these items will GO UP. Not going down.
yes. There’s a bit of truth in what boink says, but saying that the amount of gold generated by the economy of lost ark every week has nothing to do with inflation and that we are gonna suffer inflation based on the cost of ONLY fusion mats and artist books, is the worst argument Ive ever seen. The guy is complaining about inflation saying that artist books and fusions are expensive
The single argument in favor of gold nerf (and a wrong argument at that) is:
Gold nerf → players earn less gold.
Player earn less gold → player can purchase less
Sellers get affected and lower price.
Player can buy again.
Let’s assume through absurdity, it will happen.
It will lower the price so the purchasing power lowers.
If a stone was 10 gold and I would earn 100 gold, I would buy 10 stones. Now I earn 50 gold, so noone buys stone at 10.
Sellers decrease to 5 gold per stone. SO I STILL BUY 10 STONES LMFAO. You fixed nothing.
Helping the player would have been a change allowing them to buy 20 stones for 100 gold.
Which is increasing the income of stones, not gold. Which is exactly what bots did with books, fish, gems. That WAS actually helping the players.
So just tell me. I agree that things will go up after the toad leaves. But tell me, do you really expect the market to go higher than it was before the toad? with nerfed valtan, vykas and argos gold. WITHOUT CONSIDERING Fusion mats only. The entire market
I mean I agree but I still think this economy is bot controlled so gold nerfs in general that might hit players more do less than bots.
Since usually bots address gold nerfs by scaling # of accounts - (with a small sink to profitability due to operating costs of running those machines) but still very profitable to bot.
The only case would be if gold activities are nerfed to the point where bots are better to go to other games that are popular with more value per machine, however at that point playerbase will truly be killed.
The best way to check if our economy is expensive or cheap (scared to use the word inflated or deflated due to boinkboink boinks) is to look at the price of 100k gold on g2g
If the capped or hyped is increased: YES. We are in the zone where a huge portion of veteran players reach 1540… which is the min value for the UPCOMING content. With the added Artist that will potentially hit 1490 in the next 2-3 months. I’d say potentially it might increase.
You clearly suggested that once Toad is gone the prices will go up.
The general problem this value only works if new players keep playing.
LOL similar to players that spent $5k-$20k just to have access to Argos at the very start of the game.
You have no control over what they spent or what they are willing to spend. And some people out here more likely first time they heard inflation more likely learn the word from Twitch.
what I suggest is that some stuff will go up when the toad leaves, such as books and leapstones. But overall it wont be as bad as it was before toad. With the gold nerf and the release of brel hard injecting books and mats into the economy, I expect the prices to either go down or at least stay where they are
I see bots every day, and would see even more if I actually was looking for them.
It’s not as bad as when I initially started, but we’re still definitely in the realm of a player character is more likely to be a bot than an actual player.
Edit — I would also like to add I doubt the brunt of bot income was through raids since they were so restricted before nerf (ala once a week). Pretty sure it was in trade skills and other desired items that could be sold in abundance.
I always use G2G as a basis for how the economy is on lost ark and I bet if you graphed the price history per 100k, it would have the opposite trend compared to inflation. As its cheaper to buy 100k, prices are higher and vice versa.
Yes, their income was mostly through trading skills, but that income is gold that players actually spend so it would be on the game anyways. Bots doing oreha or argos prints money into the game that shouldnt be there, and once again I ask, where do u see them? past vern i really dont see many of them. Bots are getting into tier 3 way less than they used to. Yes they are still in big numbers and a big problem but at least they seem to be decreasing and countered in some ways
UNA gold chests.
Have 100k bots and all of them make around 3-4k per week easily… that’s 300-400 million gold entering the game for basically ZERO effort on a WEEKLY basis.
Instead of nerfing content rewards that bots can’t clear, how about we nerf Una gold chests instead? In fact… remove them entirely.