Specificaly with this I'm talking about the saradomin and armadyl hilt's from GWD.

 

 

 

Over the last few months the average weath of many of the NPC hunters in the game has risen markedly, especially when the two previously mentioned hilts were 100m+. And if you were duoing you could recive a steady 50m+ or trip 30m+, 4 way 25m, etc, etc....

 

 

 

The point I'm trying to make is when "the economy" or jagex by its implementation of the GE assumes this item is already worth 100m cold hard cash (average) and therefore pays this out in coin form to all the lucky recipients when the drop happens, does this mess with the ecomony? Before one of the principle incomes of new coins was high-alchemy, but by the assumption that these high valued items are worth X/Y/or Z does this shift the balance of the economy by introducing far more wealth to the game that there should be?

 

 

 

Sorry the post is written fast and I hope you get what I mean... Discuss?

No.

lol you now just noticed it?

 

 

 

I (and many others) said this already with the start of coinshare. It does happen indeed, and it increases the difference between rich and poor greatly as time passes on.. (coinshare makes it possible to get an overpriced price right after the new bosses come out!) - It won't give a problem as long as there keeps being more and better bosses: so the new comers have some place where they can beat the oldies.. However if no new bosses are release the prices will undoubtly fall, making old boss-hunters, who already "cashed" have an enormous wealth.. While new boss-hunters have to do two (or like 4-5) times as much effort to make the same wealth!

 

 

 

However on the other hand: jagex is making the game more and more money-independent! Making it so that actually training skill doesn't cost (nor give) money, minigames is one of these things.

 

 

 

So does it ruin the economy? - No.. Does it have a negative effect on runescape? - yes I think so!

This system DRAINS wealth out, because you only receive minimum cash for an item that is sold for MID. Each item takes MILLIONS of GP out of the economy.

 

 

 

[/stupid thread]

I wonder if there are still armadyl hilts sitting on the GE from back when they were over 100m and dropping quickly. If so, that is a cause for inflation, but it will even itself out, as deviledegg said, that little 5% begins to add up. So, while it may have caused brief inflation, it will even out and even serve as a money drain when the system is perfected.

This system DRAINS wealth out, because you only receive minimum cash for an item that is sold for MID. Each item takes MILLIONS of GP out of the economy.

 

 

 

[/stupid thread]

 

 

 

Thanks to you and 3 hit...

 

 

 

Yes it drains millions out of the economy, but the differance atm now after the drop in an sgs/ags med - bottom = 3m ish? So roughly 4,000 yew longbows of wealth high alchemied.

 

 

 

But yet this system assumes that there is the wealth in the economy to integrate this 50m item (midway of the 2 atm) at that price and distributes this wealth accordingly to the hunters. And putting roughly 30-35,000 alchs of value into the system.

lol you now just noticed it?

 

 

 

I (and many others) said this already with the start of coinshare. It does happen indeed, and it increases the difference between rich and poor greatly as time passes on.. (coinshare makes it possible to get an overpriced price right after the new bosses come out!) - It won't give a problem as long as there keeps being more and better bosses: so the new comers have some place where they can beat the oldies.. However if no new bosses are release the prices will undoubtly fall, making old boss-hunters, who already "cashed" have an enormous wealth.. While new boss-hunters have to do two (or like 4-5) times as much effort to make the same wealth!

 

 

 

However on the other hand: jagex is making the game more and more money-independent! Making it so that actually training skill doesn't cost (nor give) money, minigames is one of these things.

 

 

 

So does it ruin the economy? - No.. Does it have a negative effect on runescape? - yes I think so!

 

Coinshare doesn't widen the gap between the rich and poor any more than it would be widened normally. I had more to say, but I can't remember it for the life of me. -.-

lol you now just noticed it?

 

 

 

I (and many others) said this already with the start of coinshare. It does happen indeed, and it increases the difference between rich and poor greatly as time passes on.. (coinshare makes it possible to get an overpriced price right after the new bosses come out!) - It won't give a problem as long as there keeps being more and better bosses: so the new comers have some place where they can beat the oldies.. However if no new bosses are release the prices will undoubtly fall, making old boss-hunters, who already "cashed" have an enormous wealth.. While new boss-hunters have to do two (or like 4-5) times as much effort to make the same wealth!

 

 

 

However on the other hand: jagex is making the game more and more money-independent! Making it so that actually training skill doesn't cost (nor give) money, minigames is one of these things.

 

 

 

So does it ruin the economy? - No.. Does it have a negative effect on runescape? - yes I think so!

 

 

 

sorry, my mind got twisted in some way... Let's just blame Freud for saying what's on my mind. (the fact that I believe there shouldn't be such a thing as "semi rares", things only achievable with a large amount of luck).

 

Coinshare doesn't widen the gap between the rich and poor any more than it would be widened normally. I had more to say, but I can't remember it for the life of me. -.-

This system DRAINS wealth out, because you only receive minimum cash for an item that is sold for MID. Each item takes MILLIONS of GP out of the economy.

 

 

 

[/stupid thread]

 

 

 

Lol... coins appear on floor for a coinshare drop.

 

What coins are being taken out?

 

100 of millions in gp just appear out of nowhere for hilt drops.

 

Nobody had to buy them.

 

 

 

[/stupid posting by an idiot who thinks he knows everything]

 

 

 

Yes, coinshare ruined the RS economy and devalued any buyable skill.

This system DRAINS wealth out, because you only receive minimum cash for an item that is sold for MID. Each item takes MILLIONS of GP out of the economy.

 

 

 

[/stupid thread]

 

 

 

Lol... coins appear on floor for a coinshare drop.

 

What coins are being taken out?

 

100 of millions in gp just appear out of nowhere for hilt drops.

 

Nobody had to buy them.

 

 

 

[/stupid posting by an idiot who thinks he knows everything]

 

 

 

Yes, coinshare ruined the RS economy and devalued any buyable skill.

 

 

 

on the flipside, if it hadn't come out, bosshunting would be , buried, and rotting. and that would have been bad for the game...

This system DRAINS wealth out, because you only receive minimum cash for an item that is sold for MID. Each item takes MILLIONS of GP out of the economy.

 

 

 

[/stupid thread]

 

 

 

Lol... coins appear on floor for a coinshare drop.

 

What coins are being taken out?

 

100 of millions in gp just appear out of nowhere for hilt drops.

 

Nobody had to buy them.

 

 

 

[/stupid posting by an idiot who thinks he knows everything]

 

 

 

Yes, coinshare ruined the RS economy and devalued any buyable skill.

 

Woo-woo, here comes the clue train. They are bought for - get this - MID PRICE IN THE GE! Back when the hilts fell for a week and a half there were a few concerns about hilts falling 10-15m before they were bought, but quick hilt price rises proved that they were almost instantly bought. Since then, godswords has stayed fairly stable, letting coinshare drain billions of GP out of the economy, widely considered to be a good thing.

Does no one bother to read the actual KB guide?

 

 

 

When CoinShare is running, LootSharing will remain the same for low-value items; items will be allocated to members of the clan channel according to how 'lucky' they have been with previous LootSharing monster drops. For high-value items, however, there will be a definite difference: the item will be converted into cash and shared equally amongst all of those who are eligible to receive a share. The coins will be dropped on the floor like any other drop.

 

 

 

The total number of coins is based on the item's lowest value on the Grand Exchange. The item will also be added to the Grand Exchange at its mid-range price. Any items sold on the Grand Exchange from CoinSharing will have no effect on that item's market value.

 

 

 

So just to sum it up: When a team recieves an item, it is instantly converted to gold at min price no matter how bad the market is, even if no one is buying the item at mid price. The item that was dropped is sold as an offer to the Grand Exchange at mid price, a 'ghost account' selling it. Any players may buy this item just as if he/she was purchasing it from another player.

 

 

 

Money is actually being pumped OUT of the economy. When a godsword is dropped, a team is garanteed an instant coin pile. These coins must be created because you cannot always rely on the GE to instantly sell items at min price. Eventually a player will buy the item at mid price from the ghost account, but his/her money will dissapear because he/she is buying from the ghost account.

 

 

 

Item converted to cash at min price - coins dissapeared from selling at mid price = negative value. Loss. Hundreds of millions of gp lost per day.

 

 

 

compfreak847 - Coinshare has nothing to do with Godswords being stablized. The GE ignores items sold by coinshare when calculating the item's value.

This system DRAINS wealth out, because you only receive minimum cash for an item that is sold for MID. Each item takes MILLIONS of GP out of the economy.

 

 

 

[/stupid thread]

 

 

 

Lol... coins appear on floor for a coinshare drop.

 

What coins are being taken out?

 

100 of millions in gp just appear out of nowhere for hilt drops.

 

Nobody had to buy them.

 

 

 

[/stupid posting by an idiot who thinks he knows everything]

 

 

 

Yes, coinshare ruined the RS economy and devalued any buyable skill.

 

I love you golvellius.

 

 

 

I view it exactly the same way and agree on the "/whatever" comments

All of you are COMPLETELY missing the point. The point is this: When hilt RISES, it means that hilts had to be bought for OVER mid price - thus indicating the coinshare 'stock' has been used up. All of the godswords reached this 'break even' point fairly shortly after coinshare came out, indicating that hilts were being devalued at most a few weeks, and the GP drain would counter it in under a month - making coinshare one of the biggest money drains released by Jagex since construction.

 

 

 

compfreak847 - Coinshare has nothing to do with Godswords being stablized. The GE ignores items sold by coinshare when calculating the item's value.

 

My point is that if they stabalize, ALL coinshare hilts have been used up. If the hilt rises 1 GP in a day, it means all of the coinshare items have been burned up. The fact that the current hilts are fluctuating - and indeed the fact that all godswords are not currently buyable for min means that coinshare is doing its job draining billions of GP from the economy; EXACTLY what Jagex planned on, and the precise opposite of what the thread creator incorrectly believes.

You are the one missing the point, smarty pants.

 

 

 

The coin share stock was NEVER used up for 100m+ armadyl and saradomin hilts, resulting in BILLIONS flooding into the economy.

 

 

 

Yes, over time, it will even out, which is why I'm not running around tearing my hair out.

You are the one missing the point, smarty pants.

 

 

 

The coin share stock was NEVER used up for 100m+ armadyl and saradomin hilts, resulting in BILLIONS flooding into the economy.

 

 

 

Yes, over time, it will even out, which is why I'm not running around tearing my hair out.

 

OK, I was going to give you the benefit of the doubt, but now it seems obvious that you don't know this:

 

 

 

http://www.runescape.com/kbase/viewarticle.ws?article_id=636

 

CoinShare items will always sell at the mid-range value, and their price will adjust to match this value whenever the Grand Exchange recalculates the item's price.

 

Did you really know that and I'm a presumptuous jerk for thinking you didn't? If so, how is this resulting in billions flooding into the economy - AGS and SGS were both well before 100m, and as I mentioned before, were only falling for a week or two after coinshare came out, making the drops insignificant to the months of subtracting several million from EVERY drop.

 

 

 

If you didn't know that, then WHY ON EARTH DID YOU NOT READ THE KB ON THE PAGE BEFORE RUNNING AROUND INSULTING PEOPLE -.-

 

 

 

Sorry, it just annoys me when people make stupid, uniformed proclamations. Again, if you really knew this beforehand and have a point you haven't mentioned yet, I apologize. Please post if you do.

Haven't you learned that Compfreak is always right yet?

Who cares, coinshare helps partys.

Haven't you learned that Compfreak is always right yet?

 

noone is right all the time....but he sure is right at the moment

Wow. Look. My point is that nobody was buying armadyl and sara hilts for mid when they were over 100m, so the ones that were coinshared were never sold on the GE. This is shown by prices that fell. Obviously, they sell NOW on the GE because prices are stable. Maybe I am not showing my point of the argument well enough. So, inflation OCCURED, but it is slowly being fixed by the 5% that comes out of every armadyl hilt now.

 

 

 

Hold on, are you saying that mid-range value is not the middle price on the GE? How is this calculated then?

 

 

 

And regardless of whether you are right and wrong, your arrogance on these boards has risen greatly over the past few months, just like pretty much every high level person I have been noticing. Someone I used to get along with now goes around thinking they can trump everyone with comments like "/thread."

Following the immediate release of any update I'm sure it does pour a bit of coin into the game, and while it is a burden, it is a necessary one to take that money right back out. Don't forget that those few items come in at a price that Jagex first institutes, it rises, stops, then slowly begins to settle. It's like the notion that you have to spend money to make money. In the case of Coinshare, you gotta pump in some GP before you can suck it back out.

Wow. Look. My point is that nobody was buying armadyl and sara hilts for mid when they were over 100m, so the ones that were coinshared were never sold on the GE. This is shown by prices that fell. Obviously, they sell NOW on the GE because prices are stable. Maybe I am not showing my point of the argument well enough. So, inflation OCCURED, but it is slowly being fixed by the 5% that comes out of every armadyl hilt now.

 

 

 

Hold on, are you saying that mid-range value is not the middle price on the GE? How is this calculated then?

 

 

 

And regardless of whether you are right and wrong, your arrogance on these boards has risen greatly over the past few months, just like pretty much every high level person I have been noticing. Someone I used to get along with now goes around thinking they can trump everyone with comments like "/thread."

 

Stupid threads beget stupid responses. You probably misinterpret my annoyance at people who refuse to do even basic things like the KB as arrogance. Now, as I mentioned in my second post, hilts fell for only a few weeks after coinshare came out; only a few weeks worth of hilts hit the GE for market and dropped 10-15 mill. Bandos, by far the most crowded spot, easily has 3x as many people as sara\arma combined, and the hilt NEVER froze. I was watching for this for that exact reason, but the hilts leveled off very quickly. So really, the money drain from bandos equaled the money lost when 2 weeks worth of hilts dropped - and for the months ever since, coins have been steadily drained out by this system.

Wow. Look. My point is that nobody was buying armadyl and sara hilts for mid when they were over 100m, so the ones that were coinshared were never sold on the GE. This is shown by prices that fell. Obviously, they sell NOW on the GE because prices are stable. Maybe I am not showing my point of the argument well enough. So, inflation OCCURED, but it is slowly being fixed by the 5% that comes out of every armadyl hilt now.

 

 

 

Hold on, are you saying that mid-range value is not the middle price on the GE? How is this calculated then?

 

 

 

And regardless of whether you are right and wrong, your arrogance on these boards has risen greatly over the past few months, just like pretty much every high level person I have been noticing. Someone I used to get along with now goes around thinking they can trump everyone with comments like "/thread."

 

 

 

yea i understand you, basically 1000 hilts were coin shared at 100m making 100 000m cash flood into the economy... none of the actual hilts sold untill much later at like 50m draining another 50 000m from the economy, so basically another 50b got added to the economy. but its slowly draining down now.

 

 

 

 

 

also i have to agree a bit on the last scentence (/thread thing) but then again the internet is turning into a bit of a cesspool on most forums slowly... why not here to.. still far from anything like /b/ yet though which is a good thing :)

Lalala7324 and compfreak847 you are both right...Compfreak847 just makes it much more clear what he is saying and its easier to understand. Lalala7324 yes when an item first comes out and it gets coinshared it can if no one buys it lead to the game giving out "free" money until the item goes low enough that people begin to buy it. But after just a few weeks the money begins to drain out of the economy wich is what Compfreak847 was saying.

 

yea i understand you, basically 1000 hilts were coin shared at 100m making 100 000m cash flood into the economy... none of the actual hilts sold untill much later at like 50m draining another 50 000m from the economy, so basically another 50b got added to the economy. but its slowly draining down now.

 

 

 

Not true. Sara hilt was frozen for 1 week, arama hilt for 3. Arma hilts lost around 10m, so 3 weeks worth of hilts lost an average of 5m. Sara lost an average of 1 weeks worth at 3m. Both sara and arma together were less then bandos and zammy, which were not frozen, and thus drained 3x 3m GP out in the same time. So within roughly 3 weeks of coinshare coming out, all of the coins introduced were taken out, and it has been draining ever since.

 

 

 

In short: It created a very, very small amount of GP in the first week, which was drained out within 3 weeks, and has been drained thousands of times over in the months since then :|

 

 

 

If you wrote this a week after coinshare came out, it would have been relevant for a few days. Now it's just pointless, the effect is the exact opposite of what you said :roll: