If you choose MTC as a main currency, you have to give everyone other ways to obtain. Then, you're forcing people to donate money or vote daily. Even with voting daily, it would take over a month to buy a sheep egg (I think I calculated about 73 days to obtain that much MTC JUST FROM VOTING). If you do that, you seriously will inflate the economy. Doing so would create mass debts, and you'll see a market crash. Seeing lower prices is good. It means there is a large supply, and a lesser demand than the supply (from an economic standpoint). If you make MTC the main currency, you have to seriously drop prices on everything that is worth MTC. Besides MTC is just a bonus on top of the currency. There are certain things you can only buy via credits. It's not the economy dropping the MTC value. It's the *everyone going to buy diamonds for cheap* that is dropping the economy. If you say the minetown economy is going under deflation... why aren't we seeing any goods dropping in price? I still see logs being sold at 16 for 1 at almost every store I go to.
Please tell me how the economy would be balanced while using the MTC? All those people who DO vote daily and have NOT donated... what about them? This proposed idea actually promotes separation of *status.* You'll have "Rich people," just like you said. I mean... do we really want to diversify Minetown? About a month ago there was serious talk about reuniting the Minetown community to make it more social with one another. That's actually one reason why the monthly build events started. Using the MTC as the main currency will make ALL prices skyrocket. Why? When you buy things at the credit store, the following happens:
you type /money
You have 175000 MTC
right click sheep egg
type /money
You have 0 MTC
What happened to the MTC when you put it in the CS? Well... it literally DISAPPEARS!!!! I'm serious. The mods/admins do not get this MTC for their own use. How can you have a currency just disappear, and be the main currency? That means, for example, if we take the USD: You have 1 million dollars in the local economy. 500,000 USD disappears. Each individual dollar is now twice as strong. In doing so, prices double for goods and services. You are then promoting inflating prices, but a deflation in rotating currency. Basically, that = economic collapse at one point. Usually, when a currency becomes three times as strong and you have three times less rotating currency (same as circulating currency, I just use different words), is when you see the collapse happen. So, with all our 1000 USD donators... congrats, you're now the holder's of Minetown's fate, if this idea is passed.
I mean no offense, but I hope this idea is truly not considered, unless you plan to revise the ENTIRE credit based system. For this idea to work, ALL the credits that the CS receives MUST circulate back into the economy. However, you MAY subtract however many credits are given out via voting from the CS income, as that won't then depreciate the economy. All items will then HAVE to be reduced in price at the CS by a SIGNIFICANT amount. i.e. the 175k MTC sheep egg will have to cost about 17500MTC (which can be gained within 20 days of voting every day).
There has to be many other changes, but I don't want to make this post too long.
Again, I'm not trying to go against you or talk down on your or insult you. I'm merely offering my input, as I'm minoring in accounting, so I've taken plenty of economic classes. Great idea, yes. However, it needs many revisions on the application of such idea. Application of it and the thought of it are two different things. Your thought, me likes.
EDIT: Please don't downvote me just because you think I'm shooting down his idea. Don't downvote me because I'm offering revisions. I'm offering positive input into his idea, even though it may seem like ill-mannered input. I meant no disrespect while writing this. If I was going to be disrespectful, this post wouldn't be longer than three sentences.
EDIT 2: So you know, I upvoted your question, to help prove I'm not trying to talk bad towards you. <object class="emojione" data="
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