- Introduction
Over the last week of me returning I have watched the price of diamonds go from 130, to 50. Not only that but I have found it hard to spend MTC as it is difficult to get it, I understand you can vote to get MTC, however that's only 150 per vote per day. As I see it now, we are returning to the economy we saw at the end of classic main. The following forum post is just a few problems I have noticed and possible solutions.
- Problem:
Over the last week Diamonds have dropped significantly in value, from 120 to 50 in under 48 hours. I believe this has happened because not only is it hard to obtain a lump sum of MTC, but diamond has no true value unless used as a money backer, I mean you can only make a select few things from diamonds. But when it is used to back MTC not only does it give it more value but it keeps its value relatively high and stable.
Solution:
Make diamonds the item that backs MTC by creating a "bank" of sorts that allows a player to convert Diamonds into MTC. Now only will this keep a minimum price for shops to sell diamonds at but it will increase the value in Diamonds and give players a way to make MTC through labor, instead of just voting.
- Problem:
Currently it is relatively hard to obtain MTC as the only way is to either sell items to market owners, or vote. Seeing as no market/shop owners buy items, they only seem to sell them. It not only diminishes the value of many marketable resources but it limits spending, with limited spending comes high market competition resulting in the total loss in value of many items. Currently the richest person is TweelingJack with a balance of 117,916 MTC as of the making of this post. His main source of currency, as of this moment is his shop and voting. In his shop he only sells items, He does not buy them, meaning that he is accumulating MTC without loosing any resulting in a economic fluctuation. Now it is not his fault, people are scared to buy items in their shops as either one of the top money makers will buy them out, or they will not sell at all.
Solution:
Make MTC easier to obtain, and back MTC with a material such as Diamonds. Encourage at least 2 signs in the server market. That way you eliminate the monopolistic shops and create a more balanced market.
These are only some of the economy problems, and some of the possible solutions. I hope that you can find a way to implement some of these solutions soon.
Please feel free to point out any other problems or other solutions you may have!
Thank you for taking your time to read,