Grand Exchange Petition

[LastBreath]

This is the one thing I really dont get about everyone and there "Great Solution" of either "perfect" capatilism or Letting you pick and choose.

 

 

 

Where has anyone seen the "ideal" free market on an online game?

 

 

 

Most peoples answers seem to be WoW, but thats just not true. All of WoW's auction houses (GE equivalent) are only done on a server by server basis, and every server has a diffrent economy.

 

 

 

Co-ordinating the interactions between 200,000 players (minimum) at once would take up unbelievable amounts of server space. The kids at Jagx would have to buy a lot more, and a lot more expensive servers. I'm sure they would have loved to have made everything much more indepth, but they just didn't have the capabilities. They just had to keep a lot of this simple, and as much so as possible.

 

 

 

The only two things that I would think they'd be able to do that would help the GE would be this

 

 

 

A) The 5% thing is kind of ridiculus. 10% would even out whatever parts of the GE economy they've screwed up a lot faster.

 

 

 

B) I'd personally like to see them make it so bidding higher has a purpose on a lot more things. This is how I would do it.

 

 

 

Make it so that when the server "matches" orders, higher priced buyers are given first priority, and if there isnt a "perfect" match, then the server precedes to automatically take the closest match thats under what the buyer stated until the overpaying buyer has a filled order. It then completes the order as though it found a perfect match, giving both the overpaying buyer and the seller whatever money they originally thought they were getting. This would also filter money back out of the economy, and encourage paying higher amounts then necessary because it means you'd definatly get you're buying order filled if you payed max, assuming theres that many of whatever item on the market. I'll do an example.

 

 

 

John is looking for Nature ruins to High Alch the yew longs he made getting to 99 fletching. He'll gladly pay the highest price in this condition, because even if he offers the GE's max for Nat's, he'll still make money. He wants 100,000 nats, and the GE's max price is 310. He'll be paying 31Mil for these nats.

 

 

 

Bill and Kyle are both selling Nats, and there willing for a little longer wait, so Kyle puts his 40,000 Nats up for the 310ea max, and Bill puts his 60,000 up for 300 ea. This means Kyle will make 12.4 Mil, and Bill will make 18Mil.

 

 

 

The GE's server matches John up with Kyle first, taking all of Kyles 40,000 Nats and giving him 12.4Mil in return. John loses 12.4mil but gets those 40k Nats.

 

 

 

Now the GE server recongnizes John still needs 60,000 Nats, and see's no one else selling at 310, so it bumps it down to the next teir down, which happens to be Bill at 300 ea. So The server gives John Bill's 60k Nats, costing John all the rest of the money he offered, so its like he's buying at 310 ea still. Bill only gets what he was selling for though, 300 ea.

 

 

 

The Server takes Johns money (18.6Mil) And gives 18Mil to Bill, then throws out or "deletes" the 600k diffrence. This takes 600k out of the economy, and helps balance everything as a whole.

 

 

 

~This is all just my idea though, I dont know if it'd actually solve anything faster. Comments are welcom :)

[cookiestealer222]

I SUPPORT

 

 

 

as a player since 2001

 

a 3rd year accounting major

 

chinese minor

 

econ minor

 

business minor

[Zaaps1]

I do not agree with removing the fixed price. Sorry, but you can't say no one post if you do not support. It is an open forum. Everyone has the right to post, support or no support. You may choose to ignore my post, or to read it, but you can't restrict it to supports only.

 

 

 

The reason is that you can already set your own price. Click the ... button. And unless I am very mistaken, when you buy something on the GE, it autmactically gives you to lowest offer. So set it even 1gp below the price and you'll get more buyers.

 

 

 

Now you may argue, how does one know about your offer? Back to the old way then, yelling it out to everyone.

 

 

 

I see what ideas you are based on, but I believe it is not worth changing as an alternative already exists.

[tyluke]

kk close topic please.

 

thought i'd have more support

[guthix121]

I completely support!

 

 

 

RSN: Kal Guthix

[bbjoe282]

i dont suppoer because people could just put say a santa hat in selling at 35m and then just wait until it hits that price and you get it.

[nitram99]

I don't support this idea of taking away the +/- 5 % price range limit.

 

 

 

The reason I don't support that is because this price range isn't the real problem.

 

 

 

The problem is that most ppl don't have the patcient to wait and get more for their items put in GE and therefor they set it to the lowest price possible. And for some items you have to put it at the lowest to even have a chance of selling your items in any reasonable time. This behaviour makes price go down as then Jagex thinks that the market price of the item is set too high as they see that almost all sales of the item are at a lower price than the set market value, so to compensate they lower the market value of the item. But as there are still no patcient of the sellers and there are still loads of the item up for sale sellers will abort the sale and set the item back in GE set to the new lowest price possbile to set. And then JAgex next price update sees the same thing as before and lower the market price again and this is repeated over and over again which make the price of items getting lower and lower.

 

 

 

This has nothing to do with the price for say of the item it has to do with the lack of patcient of the sellers or that there are may to many sellers of that item compared to how many buyers and the amount up for sale and buying.

 

 

 

The reason why this become a problem is that Jagex update the market prices every day or maybe even several times each day. Thus making the sellers to abort their sales to put the item back at the new lowest price. Then when that is done, the seller has until the next update of price to sell the items. If not sold he/she has to take the items out again and put them in again at the new new lowest price.

 

 

 

So the problem is that Jagex update the prices way to often now. Most sellers of regular items don't have a chance to get the items sold during the time from one price update to another.

 

 

 

To combatt that Jagex should only update price like every 2 days or so. That would give the sellers more time to sell their items during the time between 2 price updates so that they do not have to take out their items and put them back in at the new lowest price to have another chance of selling the items at all.

 

 

 

This is the only possible solution if the market is as it is today. The other solution is if the GE would be much less used in the future so that there would be a much better sellers/buyers ratio so that ppl that the amount up for sale would be more comparable to the amount up for buying. This would make many more sellers getting their items sold during 2 price updates. So either many more buyers would have to use the GE or much less sellers would have to use GE to change the situation we have now, described above, at GE.

 

 

 

So the problem is not the +/- 5 % price range limit it is the too recent and often price updates. At least as how GE is used to day.

[tyluke]

the grand exchange now reading the post, im starting to understand the reasons for it. still not completly for it =; but im less right wing.

 

buying and selling items shouldnt be as difficult though. you should be able to put the item you want to buy in the search box; and all the possible sales of that item will pop up. (i think is a bit more convienent) then you can narrow down your search by adding in price ranges etc. :

 

 

 

thanks for the posts guys :thumbsup:

[Will H]

The issue was not the +/- 5% price restriction, but Jagex's poor initial prices. The problem is that the GE prices are very inaccurate due to poor research, and the best way to fix it is by readjusting the prices closer to the proper values.

 

 

 

And please, if the GE doesn't allow you to put a price on an item which you think is fine to sell the item for, don't use it for now. Perhaps check if the price move into your price range then sell it.

 

 

 

I don't support because removing the restrictions would destroy the major purpose of the GE.

[jab1235]

i like the 5% rule because i can buy a little cheaper.

 

so let me think about it

[Moonshadow]

I support, and, my runescape name is Oylimpiana

[Nuclear_man2]

i dont really care for the idea but i still request permission to use it in my list of Grand exchange suggestions.

[tyluke]

yes you have permission to use it.

 

please keep a list of who suggested it though :D

 

and a list of its supporters :

[Nuclear_man2]

yes you have permission to use it.

 

please keep a list of who suggested it though :D

 

and a list of its supporters :

 

 

 

Um I'm just gonna have ur name and a link to this topic.

 

If u wanna count the number of supporters id put that.

[tyluke]

yes you have permission to use it.

 

please keep a list of who suggested it though :D

 

and a list of its supporters :

 

 

 

Um I'm just gonna have ur name and a link to this topic.

 

If u wanna count the number of supporters id put that.

 

 

 

sounds great :P

[Nuclear_man2]

You can find my list at Nuclear_man2's Grand Exchange Suggestions List.

[Shazarabbit]

You cannot post here and only except biased opinions. When you post you are opening to all opinions good and bad.

 

 

 

I don't support. Why? Because i think the 5% is more than leniant. What i would like to see is remove the Less than 5% feature and keep the more than 5% feature.

[baraglas]

i am not here for arguements, im here for a solution.

 

 

 

If you want a solution, perhaps the best way to start is to describe what you see as the problem with the +/-5% rule. All you've said is that you don't like it - but so what?

 

 

 

DO NOT POST IF YOU DO NOT SUPPORT THIS DISCUSSION

 

 

 

If you genuinely want a discussion, you've got to throw it open to opposing views - everyone nodding and saying "I agree" isn't really a discussion is it?

 

 

 

I don't have a strong view - I'm here to play a game rather than stand around Fally shouting "lobbies 4 sale", so I think the GE is a great improvement.