10 replies to this topic

[BlueRay525]

Hello,

 

I remember that about a year ago I played eRepublik (in Washington, USA), and the highest job salary was about 70 USD, and the lowest price of bread was 5 cents each.

 

Now the highest salary is 22 USD, and the lowest price of bread 9 cent each (This is a huge difference from 5 cents since Bread is being bought in large amounts).

 

So what the hell happened to the good economy?

 

It's very hard now to live by the salary. Buying weapons with the current prices of food is nearly impossible using only your salary.

 

Also buying food might be hard if you fight a lot.

 

So why did it happen? And will it ever be as good as it used to be?

[Demonaire]

Three letters: WaM

[Shiina Sayane]

Three letters: WaM

 

Yes but still economy works just less profit than before,however with enough factory still can earn more than 10g/day

[Demonaire]

Yes but still economy works just less profit than before,however with enough factory still can earn more than 10g/day

Then one word: Overproduction.

 

Seriously: If the gold are in its lowest level in the history, any people can pay 10 golds with no problem in new factories or upgrade them with no regrets. Like I said, that's why Plato implemented the Work Tax and, maybe, the Conquerors Tax have the same purpose: if you move citizens to other regions only to not pay that tax, soon you don't have enough citizens to fight against the conquerors. Then the only option is to stop production while fight the RW.

[faugnero]

 a little more than a year ago salaries in the USa were at 300cc and gold for a while went from 2000 to 3000cc, the admins might have stopped the bot the kept inflating the economy and we are at the situation we are now, one has to pay real money to survive in virtual world

[Shiina Sayane]

Then one word: Overproduction.

 

Seriously: If the gold are in its lowest level in the history, any people can pay 10 golds with no problem in new factories or upgrade them with no regrets. Like I said, that's why Plato implemented the Work Tax and, maybe, the Conquerors Tax have the same purpose: if you move citizens to other regions only to not pay that tax, soon you don't have enough citizens to fight against the conquerors. Then the only option is to stop production while fight the RW.

 

True but if producing would be harder then players would cry that they cant supply themselves...before that forum all about crying how most of player cant even afford weapons(before WAM)

 

Players want:

1,Supply themselves without effort

2,Investment with a month return

But these two can never coexist is that the problem

 

If you easily supply yourself then others can do too so nobody want to buy your crap at the market

However if production low then most of them cant afford to supply themselves so will see crying that erep become pay to play

 

Either way cant please the crowd without making game dead.

[ahava3233]

Actually, the real reason was there was a bot (plato denies this) on the marketplace printing currency at the time.

 

The bot was pegging the market buying weapons at set prices that were equal to manufacturing cost (and tied to VAT, the bot price increased proportionally to VAT).  This gave countries profit directly from Plato through the VAT, rather than private citizens.

 

Due to this currency generation, production increased while prices remained stagnant (due to everyone profiting with government generosity and continued competition) and the gold price inflated dramatically...reaching a peak of about 2400 cc/gold.

 

When plato shut off the bot, the gold price plummeted to the levels you see today.

Edited by ahava3233, 15 November 2013 - 05:48 PM.

[Shiina Sayane]

Actually, the real reason was there was a bot (plato denies this) on the marketplace printing currency at the time.

 

The bot was pegging the market buying weapons at set prices that were equal to manufacturing cost (and tied to VAT, the bot price increased proportionally to VAT).  This gave countries profit directly from Plato through the VAT, rather than private citizens.

 

Due to this currency generation, production increased while prices remained stagnant (due to everyone profiting with government generosity and continued competition) and the gold price inflated dramatically...reaching a peak of about 2400 cc/gold.

 

When plato shut off the bot, the gold price plummeted to the levels you see today.

 

Yes but before that players wrote shitload of comments that "buybot" destroying the economy.

Now that isnt buying anymore thats the problem,seriously what they want?Most probably everything.

Like a joke party in RL which promises eternal youth free beer and nice girls for everyone who vote for them haha

[eisenmutter2]

Actually, the real reason was there was a bot (plato denies this) on the marketplace printing currency at the time.

 

 

 

as far as i know admins made the bot to get the economy flowing

history was:

 

1. work as manager

 

2. overproduction / no one buys stuff

 

3. admins make the bot

 

4. bot buys surplus everyone makes profit good salaries etc pp / more currency gets pumped into game

 

5. problem A: inflation of currency (back then goldbuyers left gold outside the game buying bazookas from admins = only damage entered the game)

 

6. problem B: rawcompanies prices depend on monetary market

with inflation of currency because bot pumped massive amounts into the game currency raws like q4 were worth less than 4gold (cost was 8500cc)

bot bought all the surplus stuff for very good prices!!

-> bot buying overproduction itself enabled more overproduction because the companies made high profit and the money got invested in more companies

 

[at the end of bot times i had so many raw companies i could build 1new q4raw every day only with the profit from selling raw to the bot. additionally i leveled up often -working many companies- and every 5gold medal was also 1,5 new companies!]

 

7. the inflation became to crazy with MM hitting 1g:3000cc

->admins decided to turn the bot down more and more [there were multiple steps the botprice gone down for raws and all products before the bot was turned off completely - i was posting the up to date prices for q5food in my shoutbox regularly]

 

8. admins introduced stuff to handle the overproduction without bot and tried to get gold flowing into game to counter the inflation

-airstrikes (no big influence)

-q7weapons (killed all low quality comps + crazy raw demand of 200units/weapon made rawcompanies  profitable again for short time -> [over]production of raw increased again and some build new raw companies)

-rockets (only good change low quality weapons were used again and more important goldbuyergold flowed into the game so inflation was gone quite quickly)

.... can't remember the other stuff admins tried - it all pretty much failed

 

 

 

the bot worked like a clock and i used it as long as it was active. i ave written more how it worked here:

http://forum.erepubl...market/?p=23033

 

admins can't deny bot and if i remember right they even stated that it is only active in countries struggeling with lower demand (so russia had no bot wereas germany/netherlands/thailand... had the bot)

and if i remember right i also read some interview with admin about how they trying to counter the bot effects and trying to turn it down more and more

 

 

 

ANSWER TO THREAD

in the past the economy was only good because the bot bought all work as manager surplus products for a way higher price than it was actually worth

for example in botcountries you had offers of q5food at 1.25cc gross and i as importer could sell for 1.50cc NET with posted offer at 3cc gross (bot paid all taxes and only net price was important) 

 

this all got into trouble when inflation got too bad (goldbuyers at the end could buy q4raw very cheap at the end with 1g:2000 or 3000cc = more overproduction = more inflation) and admins trying to counter inflation (by killing bot slowly but surely) killed  the economy: no bot no big profit/or no profit at all

 

however the reason that started it all -being manager working- was never touched until recently with the working tax

so we still now have the same problem: surplus production nobody needs being worth nothing (q1weapons are even sold for half of the worth of the used raw in russia at the moment). even q7 weaponcompanies lost money at the beginning and now also only have low profit (in relation to the investment) .

Edited by eisenmutter2, 29 November 2013 - 02:16 AM.

[eisenmutter2]

maybe most famous for his bot trading was dSokre

one of his articles

http://www.erepublik...lf-1983201/1/20

 

just to name an other  person who even wrote multiple times about the bot open in the media for everyone to read and not just in shouts or sth (and because from time to time some "experts" who never done bot or monetarymarket daytraiding on MM with an org [to name a newer example http://www.erepublik...ch-2337859/1/20] doubt what i say based on their experience of... not doing it)

 

 

 

but dSokre quit doing bot trades right when the admins started to lower the botprice gradually as he thought it was too risky

however he was only buying stuff on market and selling it more expensive to the bot - i on the other hand kept dealing with the bot as i only sold what i produced (=even if botprice goes down it was still higher than selling on market*)

 

people selling on market sold for less than bot would pay but if you posted at the net price bot would pay or lower the bot would buy an amount of units from you depending on how much lower than the botprice you posted - if you post too low bot buys it all, if you post just bit lower than net price bot would pay the bot would buy less units

 

 

___

*the botprice hold the whole economy via paying good for raws, depending on the quality the BOT net-productprice was then just a  multiple of the raw price he paid. i had whole excel tables full with the data back then: which ereptime bot bought stuff (worked like a clock germany netherlands were at the beginning of every hour / thailand, bolivia always exactly at minute 50 or sth), what the border net price of bot was (was in all countries with bot the same, only gross price differed as they had different taxes that was the only problem), how many units it bought...

 

 

[as here are some people from japan posting about the bot: japan also had a bot and worked like a charm until the bitter end i sold raws and q5food there the whole time]

Edited by eisenmutter2, 29 November 2013 - 02:33 AM.

[Waysted]

I miss that bot.