Platinum has little to no value.

Discussion in 'Renaissance Discussion' started by Erlkonig, Mar 18, 2018.

Tin foil hat?

  1. Yes

    53.8%
  2. No

    46.2%
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  1. FreeHugger

    FreeHugger Well-Known Member

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    A lot of people in this thread need an atomic wedgie.

    Just. Suck. It. Up.


    Only thing I’ve ever moaned about on this server is housing. It’ll never change so I stopped. You should all stop too because nothing will ever change in drastic fashion.
  2. Valrick

    Valrick Well-Known Member
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    Still miss the days when PvP groups would overpay like crazy on wands just so the other groups wouldn't obtain them.

    We need that kind if crazy again, shifts gold in the right direction for sure.

    @Erlkonig gets way too much shit. Is everyone so jealous? :cool:
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  3. El Horno

    El Horno Well-Known Member
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    Plat train/IDERP is ruining everything.
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  4. One

    One Well-Known Member
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    Not PwN though, you guys just sing Christmas carols at the Trinsic orphanage and deliver "meals on saddles" to Britannia's elderly.
  5. Valrick

    Valrick Well-Known Member
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    Because is airframer is.... you get it.
  6. Por Corp Wis

    Por Corp Wis Well-Known Member
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    A little late to the discussion, and also Im fairly inactive for the past few months but to both provide my personal summary of @Erlkonig OP as well as to give my personal opinion...

    Its simple.

    This shards economy is FUCKED ROYALLY. Has been for awhile, and not going to change unless some major changes are made on the back end by @Chris.

    Also IMO aforementioned economy issue prevents this shard hitting its true potential.

    FWIW....
  7. Orange

    Orange Well-Known Member

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    Ive read through this entire post and there is something no one has talked about. Player population, plat coins have decreased value simply because the population of this shard is stagnant. After all the players get their plat rewards (which is what i think has happened lately to the price) plat doesnt have a value anymore. There have been multiple newer players come in here and state they dont need or what this plat or that plat reward. Basically what Im trying to politely say is A. we need more players OR B. after five years i would think new plat rewards would be put on the vendor.....
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  8. Zyler

    Zyler Well-Known Member

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    Plat train been idle at station for it seems almost a year and iderp has been idle for long time.

    Funny thing is there are new groups doing champs and idocs but people still blame players/groups who no longer do them.

    I think removing champ system would stop people from farming them and removing house decay would eliminate idocs. How does that sound?
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  9. LanDarr

    LanDarr Renaissance Staff
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    Zyler 4 President 2020
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  10. Larloch

    Larloch Well-Known Member

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    [​IMG]

    I don't think the Plat Train has left the station in quite some time now....
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  11. wylwrk

    wylwrk Well-Known Member

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    I don't have a good grasp on what's going on here but it has to be someone's fault and it sure as he'll ain't me.
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  12. Quick

    Quick Well-Known Member
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    It's interesting hearing about all this drama and history over platinum. I appreciate the difficulty of the question. How to do you reward people who have everything so they keep playing and coming back but also reward those newer folks so they keep coming back.

    To be honest, as a new player here, if it wasn't for the blessed runebook deed, platinum would have little value to me and after reading about all this platinum hoarding and price gouging suddenly makes having to recall to a bank first and then off your runebook at the cost of 12gp in regs not all that bad. I don't want house deco items, or at least not enough to feed into what appears to be a highly inflated market/system.
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  13. RIN

    RIN Well-Known Member
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    [​IMG]
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  14. The Crooked Warden

    The Crooked Warden Well-Known Member

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    So... how about a server wipe?
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  15. Fin

    Fin Well-Known Member
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    This thread makes my eyeballs hurt.

    Despite what @Gideon Jura says, gold and platinum on this shard pretty much are fiat currencies, in the sense that they have no intrinsic value beyond their purchasing power. (In UO, I can't melt gold coins into gold ingots and then craft armor out of said ingots. The only thing I can do with a gold coin is buy stuff.)

    But, as @Gideon Jura points out, the supply of gold and platinum coins is not constrained by a monetary authority. Rather, there a whole host of "spigots" from which you can go and obtain new gold and platinum coins. As a result, the purchasing power of gold and platinum is susceptible to swings, based on the relative volume of gold and platinum in the economy.

    I think @Erlkonig was basically arguing that (1) a small group of players is hoarding a significant amount of platinum, so as to create an effect equivalent to that of gold being injected into the economy far more rapidly than platinum; (2) platinum is becoming less desirable because people no longer need the things that one can buy from the platinum reward shop; and (3) this is all complete horeshit, because it's really easy to generate platinum.

    As to argument #1, I personally think this is silly, but also impossible to disprove. There's over 166,487 active platinum (over 220,000 if you include inactive platinum) in the economy. The notion that a small handful of players who are actively champing are controlling more than a small fraction of this platinum strikes me as facially absurd. I'm certainly not one of those people.

    As to argument #2, maybe? I'm personally of the view that you can't really have too many blessed runebooks, and even though I probably own 10 of them, I'd certainly like to own more. Most of my platinum gets spent in the platinum rewards shop.

    As to argument #3, I have already snarkily pointed out that I think this is bullshit. Running an active champing group over an extended period is extremely difficult, as evidenced by the fact that so few groups have managed to do it on a sustained basis. The notion that one can just spend 5 or 6 hours to quickly knock out harrower sets is laughable. While it can be done here and there in isolation, I'm aware of very few groups of people who (1) have the patience required to grind out one champ after another; and (2) whose schedules coincide so perfectly as to make it possible to do that on a sustained basis.
    Last edited: Mar 21, 2018
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  16. One

    One Well-Known Member
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  17. Gideon Jura

    Gideon Jura Well-Known Member
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    @Fin on point. Just to be clear the and in my sentence regarding fiat and money supply was a mathematical and (&&). :)

    I suppose my argument needs to be more clear:

    Since running champs is so easy it's allowing a small group to manage the price of a commodity, every low and middle class citizen of Britannia should see it as an opportunity to jump into an easy thing and make wealth that is 20% over valued by a cartel monopoly AND also the widely recognized easiest spigot in the game.


    Seems like these dastardly capitalists are providing players an enormous opportunity - for free.
    Last edited: Mar 21, 2018
  18. Valrick

    Valrick Well-Known Member
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    I've had to lose sleep by waking up at 2:15am on a wednesday to do champs fast enough that nobody noticed.
    There is a severely large amount of work and planning that goes into them.

    Once someone finds out about them it's usually public information before the end of the first phase. This means that the 9xx-1100 plat meant for your small group gets spread out to anyone there contributing (Even though small amounts typically)

    It's a crapload of stress if you want to profit fully. I feel the line between capability and result is filled with jealousy. 5-7 new players, starting at the same time (new players to server) could be champing and doing harrowers in less than 90 days playing part time. Determined people could do this is probably 30-45 days.


    I look at all these people in small to mid sized groups who rage about how x took over the ability to ring in plat like the "top dogs"

    .....that's complete absurd bullshit.



    what stops most of the years-long people from doing this is either
    A: Desire
    B: Personal Time available to play
    C: Getting past their own/others EGOs and work as a large group capable of doing this
    D: Groups with different time zone constraints. Which could be fixed by working on C.
    Last edited: Mar 21, 2018
  19. wylwrk

    wylwrk Well-Known Member

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    So what you're saying is to be the biggest winner here I have to be the biggest loser in real life?
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  20. Valrick

    Valrick Well-Known Member
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    All depends on what you're willing to lose to gain somewhere else :)

    I had plat envy so bad before I looked for my solution to the problem. I had only 1 decent plat reward before starting. I only did this for 3-4 months, while missing many final payouts (harrowers) and came out way happier and richer than i was before. I also had to sacrifice social relationships outside of UOR. I was also the recipient of a stern talking-to by my boss. I was a tired employee for a while :)
    wylwrk likes this.
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