A lending ge!

[compfreak847]

 

lol... maybe u forgot the whole "lending" part of the equation. if that 2 mil was for 24 hours, wouldn't that be worth it? i would guess that if u have good str, d claws would be as good as a gs, and ppl lend those for 200k-500k (yep) an hour.

 

Pray tell, how often have you loaned out those godswords? I'm going to guess none. I've owned all four godswords for months, and loaned them out hundreds of times. Not to mention I currently own a pair of dragon claws that I've loaned out for over 12m over the course of the last month. Here's a few interesting characteristics I'd like to see how you plan to adjust your GE for.

 

 

 

#1. Times of the day make a HUGE difference in prices. Near 10-12PM Eastern time, when the majoirty of US players are looking to loan out their items before sleep\school, the price can drop as much as 5 times - it's difficult to get over 300k for dragon claws at ANY loan length in those times

 

 

 

#2. Amount per hour varies vastly depending on loan duration. A 1 hour loan might commend 100-150k\h; a 3 hour loan might get 75k\h, and a 12 hour loan would get at most 40k\h.

 

 

 

#3. Market conditions play a huge factor in loan prices. Whenever there is a big rise or fall in the market price, or a crash\skyrocket in the market value, everyone is trying to buy or sell their pair for the best deal possible, not loan them out for a few hundred K. In the meantime, panic builds in the loaning area and prices are driven far above the standard. I've gotten 600k for 2 hours in situations like this.

 

 

 

#4. Fluctuation within the loaning circle. Let's say there's 3 people borrowing claws. Currently there is no one loaning, and each of them are willing to pay 300k for 5 hours. 15 minutes later, no one has shown up, and they each begin trying to outbid each other. The price could easily be driven over 600k before two of them drop out and someone finally shows up. The reverse happens with multiple loaners and no one wanting to borrow.

 

 

 

That's just scratching the surface of those issues. I'm greatly interested in how you plan to solve them, and believe me, there's FAR more issues to be addressed. They can wait until I hear your current solutions. Also, in response to your question... Yeah, if I wanted to RWT, I could offer my whip 1 hour for 50m. Would anyone take it? Nope. Unless I payed a company 20$ in real world money to 'borrow' it, and thus transfer 50m GP to me. Exaggerated, but hopefully you get the point. I'll be eagerly awaiting your response.

[Forerunner]

This idea has a lot of potential. But restrictions & security measures need to be put into place to stop another RWT disaster followed by a noob riot happening again.

 

 

 

Examples:

 

- Only allowed to borrow once every _ hours.

 

- Cannot pay more than _% of the items market price.

 

 

 

And stuff like that. A lot has to be put into consideration when things that affect the RS economy are involved.

[John Halo Chief]

"#4. Fluctuation within the loaning circle. Let's say there's 3 people borrowing claws. Currently there is no one loaning, and each of them are willing to pay 300k for 5 hours. 15 minutes later, no one has shown up, and they each begin trying to outbid each other. The price could easily be driven over 600k before two of them drop out and someone finally shows up. The reverse happens with multiple loaners and no one wanting to borrow."

 

 

 

yeah...that's called "natural behavior". also known as "capitalism".

[compfreak847]

 

 

 

yeah...that's called "natural behavior". also known as "capitalism".

 

You are truly a genius. Thanks so much for enlightening me on this!

 

 

 

Now, as I was saying, how is your GE going to adjust for all 4 of those while preventing RWT? And don't worry, there's many more problems I'm just waiting to point out. But let's hear your solutions before this instead of posts pointing out incredibly obvious facts that have nothing whatsoever to do with your post.

[John Halo Chief]

well someones grouchy. anyways...

 

#1. Times of the day make a HUGE difference in prices. Near 10-12PM Eastern time, when the majoirty of US players are looking to loan out their items before sleep\school, the price can drop as much as 5 times - it's difficult to get over 300k for dragon claws at ANY loan length in those times

 

ok, i don't see how this is bad...

 

 

 

#2. Amount per hour varies vastly depending on loan duration. A 1 hour loan might commend 100-150k\h; a 3 hour loan might get 75k\h, and a 12 hour loan would get at most 40k\h.

 

 

 

correct. but that makes sense... people will NOT pay 150k/hr for 12 hours. Solution: drop price by... 10-20k per hour over 5.

 

 

 

#3. Market conditions play a huge factor in loan prices. Whenever there is a big rise or fall in the market price, or a crash\skyrocket in the market value, everyone is trying to buy or sell their pair for the best deal possible, not loan them out for a few hundred K. In the meantime, panic builds in the loaning area and prices are driven far above the standard. I've gotten 600k for 2 hours in situations like this.

 

 

 

...then the loaning price would change according to the buying price...

 

 

 

#4. Fluctuation within the loaning circle. Let's say there's 3 people borrowing claws. Currently there is no one loaning, and each of them are willing to pay 300k for 5 hours. 15 minutes later, no one has shown up, and they each begin trying to outbid each other. The price could easily be driven over 600k before two of them drop out and someone finally shows up. The reverse happens with multiple loaners and no one wanting to borrow.

 

 

 

see above post.

[compfreak847]

well someones grouchy. anyways...

 

Nope, just sarcastic and businesslike. Business as usual. I'm quite cheerful today.

 

 

 

 

ok, i don't see how this is bad...

 

Nice to know. So, how's your GE going to compensate for this?

 

 

 

 

correct. but that makes sense... people will NOT pay 150k/hr for 12 hours. Solution: drop price by... 10-20k per hour over 5.

 

 

Again, how's your GE going to compensate for this?

 

 

 

 

...then the loaning price would change according to the buying price...

 

No, really? What's your GE going to do about it?

 

 

 

 

see below.

 

Uhh, your signature?

 

 

 

So, I haven't seen anything from you besides 'yeah, your right'. I'm asking what your GE is going to do about it, not for confirmation that I am indeed correct. I already know I'm right, I don't need a second opinion.

[John Halo Chief]

1: change prices per time in certain worlds, for example: w 84 or something, after like 4 (when most kids get home from school) it could change according to how many people r at lending area requesting a certain item.

 

2. i put my solution in that post.

 

3.same

 

4. u must be quick. u quoted me while i was editing it. #-o

[compfreak847]

1: change prices per time in certain worlds, for example: w 84 or something, after like 4 (when most kids get home from school) it could change according to how many people r at lending area requesting a certain item.

 

The changes don't follow anything close to a pattern, it varies from day to day according to the free market.

 

 

 

2. i put my solution in that post.

 

3.same

 

Really, perhaps you could show the area where you put it in. All I saw was that "Your GE would adjust for changing price"

 

 

 

 

4. u must be quick. u quoted me while i was editing it. #-o

 

Fair enough, I"ll take another look.

 

 

 

Then the loaning pric ewould change according to the buying price?

 

 

 

What on earth are you suggesting. Maybe you'd better explain what you mean by limits. Right now your suggesting a GE where a buyer\loaner can set the price they want, so I can loan out my dragon scimitar or BGS for 1m an hour to RWT all the money I want.

[John Halo Chief]

dude, i didn't mean for this to become some detailed extreme guide idea thing. This is just an idea, where ppl can post what they think, and improvements on my idea. not some place to point out problems with no constructive feedback.

[compfreak847]

not some place to point out problems with no constructive feedback.

 

Really. I pointed out the obvious reasons why your idea is impossible and would not work. You cannot come up with a single response. Do you know the definition of constructive criticism? I'll repeat it for you:

 

 

 

"Providing a helpful critical judgment expressed with knowledge."

 

 

 

I pointed out flaws in your plan. You refuse to acknowledge them or correct them. I'm giving constructive criticism, your completely ignoring it.

 

 

 

Oh, and for the record, I'm also pointing out 'what I think'. 'What I think' is that your idea is flawed and unworkable for the above reasons, and you either refuse to or cannot come up with a rebuttal.

[John Halo Chief]

this isn't an argument thread, so there is no need for a rebuttal. (heheh... that's fun to say : )

 

anyways, maybe u could point out a solution to one of ur flaws? or perhaps u just want to point out some more problems, without any ideas on how to fix them? if u need an example, look at the other person who posted here.

[compfreak847]

This is an argument within the thread, and I am treating it as such.

 

 

 

There are no solutions to the problems mentioned without allowing RWT or being impossibly restrictive. That was my point, and your only furthering it. I'm not trying to develop and improve your idea, I'm trying to demonstrate that it is impossible and unworkable.

[John Halo Chief]

there was not intended to be one, and this is again just an idea. i bet uve thought of something that would never work, and i doubt most of anything u support on TIF or RSOF is possible.

[compfreak847]

#-o

 

 

 

What?

 

 

 

 

there was not intended to be one, and this is again just an idea.

 

Unfortunately, it is an unworkable idea that would wreck item lending as we know it should it ever be implemented. I'm glad that you finally recognize this.

 

 

 

As per the rest of your post...

 

 

 

Ok, so let me get this straight: You've given up on your thread, admitting it's impossible, and now your trying to make yourself feel better by saying that I make mistakes too?

 

 

 

Now, in response to your question: Yeah, I've thought of things that don't work, but they never make it to the posting stage. If they ever do, I hope someone comes in and tells me how inane the idea is.

 

 

 

As for supporting, I don't think I've ever supported a suggestion thread in RSOF or TIF, so that's not really an issue. But I know that if I did, I would thoroughly research it and carefully weigh the pros and cons of each aspect of the update.

 

 

 

Since you have given up on the thread and instead are moving on to me, I suggest you send me a PM to resolve any personal issues you have. I wouldn't want to clog up this thread with spam.

[John Halo Chief]

ok... i never said i was giving up on it...but now that u mention it...

 

CLOSED!!!!!

 

actually moved so compfreak cant see

[s1reatalot]

Good idea but it would be easy to RWT.

[compfreak847]

Good idea but it would be easy to RWT.

 

Which makes it a bad idea, as I sort of like Runescape :P

[Captainkidd]

How could it be easy to RWT with this?

 

 

 

Obviously Jagex would make it so that you couldn't lend something out in the G.E. higher then you could without it, and seeing as lending follows the trade limits it would as well in the G.E.

 

 

 

 

 

Not a hard concept to grasp. :roll:

 

 

 

 

 

 

 

~ Captainkidd

[hihihi727]

i dont like it, not because of RWT but because thats not why Jagex made lending. Its supposed to be for friends and stuff, not random people on the G.E. It kills player interaction. Plus, we will be seeing alot more level 3's with party hats... lending will get way too common. Its alright now because its sort of at a minimum, but if we add it into the GE making it 100times easier to borrow expensive items, no one would bother buying an item anymore.

[compfreak847]

How could it be easy to RWT with this?

 

 

 

Obviously Jagex would make it so that you couldn't lend something out in the G.E. higher then you could without it, and seeing as lending follows the trade limits it would as well in the G.E.

 

 

 

 

 

Not a hard concept to grasp. :roll:

 

 

 

 

 

 

 

~ Captainkidd

 

Alright, then explain how to deal with each of these factors. The ONLY system currently suggest by Rag is wide open to RWT, it would be easier then using the old wilderness. Perhaps you could explain how to compensate for each of these without being overly restrictive or allowing RWT;

 

 

 

#1. Times of the day make a HUGE difference in prices. Near 10-12PM Eastern time, when the majority of US players are looking to loan out their items before sleep\school, the price can drop as much as 5 times - it's difficult to get over 300k for dragon claws at ANY loan length in those times

 

 

 

#2. Amount per hour varies vastly depending on loan duration. A 1 hour loan might commend 100-150k\h; a 3 hour loan might get 75k\h, and a 12 hour loan would get at most 40k\h.

 

 

 

#3. Market conditions play a huge factor in loan prices. Whenever there is a big rise or fall in the market price, or a crash\skyrocket in the market value, everyone is trying to buy or sell their pair for the best deal possible, not loan them out for a few hundred K. In the meantime, panic builds in the loaning area and prices are driven far above the standard. I've gotten 600k for 2 hours in situations like this.

 

 

 

#4. Fluctuation within the loaning circle. Let's say there's 3 people borrowing claws. Currently there is no one loaning, and each of them are willing to pay 300k for 5 hours. 15 minutes later, no one has shown up, and they each begin trying to outbid each other. The price could easily be driven over 600k before two of them drop out and someone finally shows up. The reverse happens with multiple loaners and no one wanting to borrow.

 

 

 

That's just scratching the surface of those issues. I'm greatly interested in how you plan to solve them, and believe me, there's FAR more issues to be addressed. They can wait until I hear your current solutions. Also, in response to your question... Yeah, if I wanted to RWT, I could offer my whip 1 hour for 50m. Would anyone take it? Nope. Unless I payed a company 20$ in real world money to 'borrow' it, and thus transfer 50m GP to me. Exaggerated, but hopefully you get the point. I'll be eagerly awaiting your response.

[Da_Latios]

This is absolute cabbage. You should be shot for suggesting this.

[compfreak847]

This is absolute cabbage. You should be shot for suggesting this.

 

Ooh, a little harsh. Let's go with removal from any form of internet discussion for the next 10 years and chemical castration to ensure the genes are not passed on?

[John Halo Chief]

im sorry, i had to laugh at that. :lol:

[yuyu13]

I have to say, I laughed at Da_Latios. It is something a lot of people may want/like, but is not practical. If you don't understand why, you obviously haven't read all of the posts. Lending was s'possed to be something to help out a friend/fellow 'scaper, not profit (insert outrageous amount of cash here). And Da_Latios, fail.