3rd Age/Spirit shields/Phats Discussion

[cookiestealer222]

It seems Santas are on the rise, people are now selling them with mints. And I guess Green H'weens crashed, people selling them for mid. That's from my being in W2 for an hour or so, sorry if already posted.

 

Taking a look at RSOF and front page shows several listings for masks(green) with all offering mints. Maybe a few people are spamming lower prices as seen in several threads. Yet, if I had the money I would throw it at santas.

[1230abcz]

I traded my way to around 50 mints purely for phat trades, I want to get rid of them ASAP. Personally I don't like "fake wealth" items, but they're necessatry if you want phats these days.

It is only a matter of time until either

 

1) Jagex decides to put an end to "mints" by either making them non-tradeable or making them easily obtainable from other sources.

 

2) Merchants get bored with mints and decide to create some new "bargaining chip" item.

 

 

1.) Absolutely no reason for Jagex to make them non tradeable for any reason. None of the other Gnome Delivery Mini game items are non tradeable, so no reason why mint cakes should be. I would lulz if you could make them for cooking though, lol. "Level 95 cooking update: Make Mint cakes with wheat, eggs, milk, and mint leaves that cost 10gp each in a store"

 

2.) Why...? It has a high street price because it's a fairly rare item from Gnome Delivery, and that's it. Even if another item like it came out, it would still hold its street value. There are other "bargaining chips" in the market. Introduction of a new medium of exchange has never before destroyed another. Masks didn't kill 3rd age.

[wioneo]

I traded my way to around 50 mints purely for phat trades, I want to get rid of them ASAP. Personally I don't like "fake wealth" items, but they're necessatry if you want phats these days.

It is only a matter of time until either

 

1) Jagex decides to put an end to "mints" by either making them non-tradeable or making them easily obtainable from other sources.

 

2) Merchants get bored with mints and decide to create some new "bargaining chip" item.

 

 

1.) Absolutely no reason for Jagex to make them non tradeable for any reason. None of the other Gnome Delivery Mini game items are non tradeable, so no reason why mint cakes should be. I would lulz if you could make them for cooking though, lol. "Level 95 cooking update: Make Mint cakes with wheat, eggs, milk, and mint leaves that cost 10gp each in a store"

 

2.) Why...? It has a high street price because it's a fairly rare item from Gnome Delivery, and that's it. Even if another item like it came out, it would still hold its street value. There are other "bargaining chips" in the market. Introduction of a new medium of exchange has never before destroyed another. Masks didn't kill 3rd age.

 

1. I seriously doubt that they would become untradeable, but Jagex increasing the rate at which you get them or introducing another source(mayeb a drop from a new monster after a quest?) sounds very likely.

 

2. There is already at least one item just like mints, grand tree seed pods(not sure if that was their name). They seem about as rare if not rarer than mints and are obtained in exactly the same way, yet they're only worth 5k or so.

[Punitive_D]

I traded my way to around 50 mints purely for phat trades, I want to get rid of them ASAP. Personally I don't like "fake wealth" items, but they're necessatry if you want phats these days.

It is only a matter of time until either

 

1) Jagex decides to put an end to "mints" by either making them non-tradeable or making them easily obtainable from other sources.

 

2) Merchants get bored with mints and decide to create some new "bargaining chip" item.

 

 

1.) Absolutely no reason for Jagex to make them non tradeable for any reason. None of the other Gnome Delivery Mini game items are non tradeable, so no reason why mint cakes should be. I would lulz if you could make them for cooking though, lol. "Level 95 cooking update: Make Mint cakes with wheat, eggs, milk, and mint leaves that cost 10gp each in a store"

 

2.) Why...? It has a high street price because it's a fairly rare item from Gnome Delivery, and that's it. Even if another item like it came out, it would still hold its street value. There are other "bargaining chips" in the market. Introduction of a new medium of exchange has never before destroyed another. Masks didn't kill 3rd age.

 

1. I seriously doubt that they would become untradeable, but Jagex increasing the rate at which you get them or introducing another source(mayeb a drop from a new monster after a quest?) sounds very likely.

 

2. There is already at least one item just like mints, grand tree seed pods(not sure if that was their name). They seem about as rare if not rarer than mints and are obtained in exactly the same way, yet they're only worth 5k or so.

 

I don't know what makes people think that Jagex would be so stupid. The problem is not with mint cakes. Nerfing mint cakes will only cause people to use something else for currency. The problem is runaway inflation of gp. If Jagex wants to stop people from using mint cakes (or anything else other than gp) as currency, the way to do that is to stop so much gp from coming into the game, iow, to nerf pvp. Only that will cause people to trade with gp again.

[Satenza]

Andrew already stated that he liked how people now use junk to increase the value of items that would otherwise have no real value. There is no problem to be fixed here.

[Punitive_D]

Andrew already stated that he liked how people now use junk to increase the value of items that would otherwise have no real value. There is no problem to be fixed here.

 

Good point. This is simply the mirror image of junk trading, which they've made no effort to stop. Why would Jagex be upset that people have found a use for an otherwise useless item in the game? Back in the day, I've eaten more than one mint cake just to get rid of them. Now people are actually playing with them. How is that a bad thing?

[Wachtwoord]

For one, it takes all the convenience out of trading the GE brought to us.

[Satenza]

The convenience never existed for the most expensive items.

[Punitive_D]

For one, it takes all the convenience out of trading the GE brought to us.

 

No it doesn't. The trade limit does that. If they took away mint cakes and junk trading tomorrow, people still wouldn't sell partyhats on the GE.

[Wachtwoord]

For one, it takes all the convenience out of trading the GE brought to us.

 

No it doesn't. The trade limit does that. If they took away mint cakes and junk trading tomorrow, people still wouldn't sell partyhats on the GE.

Sorry, I was talking about the whole trading system in general. Mintcakes are a mere symptom of the current "problem". I agree the current system is better off with "junk" items such as mintcakes as without it. However, I still don't like this annoying system itself.

[Bladewing]

2. There is already at least one item just like mints, grand tree seed pods(not sure if that was their name). They seem about as rare if not rarer than mints and are obtained in exactly the same way, yet they're only worth 5k or so.

They're actually worth about 500-800k each. Also, they're not quite as useful as mints because they are left click activated and unnotable, so you are more likely to "waste" them.

[blacksimon]

green mask for the first time in forever, dropped overnight..

 

Could anyone guess why?

[cookiestealer222]

green mask for the first time in forever, dropped overnight..

 

Could anyone guess why?

 

Because the United States refuses to use the metric system.

[ilovecuttingyews]

green mask for the first time in forever, dropped overnight..

Could anyone guess why?

Because Green H'weens at 40+M is FAR too unstable. Why would someone buy an ugly mask for 40M when they can buy a pretty santa hat for below that. I know some people like the look of H'weens, but not nearly as many as people who like the look of santas.

[Star_Fox]

green mask for the first time in forever, dropped overnight..

Could anyone guess why?

Because Green H'weens at 40+M is FAR too unstable. Why would someone buy an ugly mask for 40M when they can buy a pretty santa hat for below that. I know some people like the look of H'weens, but not nearly as many as people who like the look of santas.

 

 

rarity determines the value, not the looks. there are probably 1000s of more santas than masks is because the event made it very easy to obtain them. the sequence of holiday events released also matters.

[Dragonlordjl]

Andrew already stated that he liked how people now use junk to increase the value of items that would otherwise have no real value. There is no problem to be fixed here.

Andrew, apparently much like the rest of Jagex, sucks at economics.

[stonewall337]

I'd have to agree. There are still PLENTY of ways to RWT. About the only thing done by removal of free trade is that you can no longer directly trade a large sum of money. Thus bots are far less common. However, a person who wanted to buy a rare/high street priced item could still easily do so, using RW cash to "balance" the trade.

[MerchantInTheDark]

I'd have to agree. There are still PLENTY of ways to RWT. About the only thing done by removal of free trade is that you can no longer directly trade a large sum of money. Thus bots are far less common. However, a person who wanted to buy a rare/high street priced item could still easily do so, using RW cash to "balance" the trade.

 

There's nothing Jagex can do about the "true price" vs the "ge price" of rares besides manip the prices, and I doubt they'd do that. The whole "virtual currency" we have now with Mints is yet another way the economy is evolving to get around unbalanced trade - giving things "value" that they don't "really" have.

[Blutters]

I'd have to agree. There are still PLENTY of ways to RWT. About the only thing done by removal of free trade is that you can no longer directly trade a large sum of money. Thus bots are far less common. However, a person who wanted to buy a rare/high street priced item could still easily do so, using RW cash to "balance" the trade.

 

There's nothing Jagex can do about the "true price" vs the "ge price" of rares besides manip the prices, and I doubt they'd do that. The whole "virtual currency" we have now with Mints is yet another way the economy is evolving to get around unbalanced trade - giving things "value" that they don't "really" have.

Yeah... JaGEx could manipulate the prices, as above, but how would they know what the real value is? It's impossible, since they really couldn't trust anyone's word, although perhaps they could monitor trades with imaginatively valued items.

So you're right, they probably won't do that for high-ticket items. Just Limpwurt Roots. :-P

 

Stonewall, I'm pretty sure that a lot less people are willing to pay for fake online game currency than online game currency.

I would call their current 'set prices' system effective at preventing RWT.

Heh... I just don't like you putting it that way... :-|

-- Of course if they keep PvP the way it is and GP really does become completely worthless that might change.

[Bladewing]

Stonewall, I'm pretty sure that a lot less people are willing to pay for fake online game currency than online game currency.

I would call their current 'set prices' system effective at preventing RWT.

Heh... I just don't like you putting it that way... :-|

-- Of course if they keep PvP the way it is and GP really does become completely worthless that might change.

Well, let's assume bandos chestplates are crashing, and are trading at a street value of cash for mint + BCP. Consider this:

 

You buy a mint from a RWT site.

You buy a BCP for minimum, instantly on the grand exchange (-23.8m)

You sell a BCP for med, with a mint (25.1m)

 

You made a profit of 1.3m. If historical rates apply (adjusted for inflation), you would probably pay about 2.50 USD for 1m, or 3.25 USD for a mint. A gold farmer could gold farm about 800k an hour playing gnome restaurant one one account, and take the mints (about one every ninety minutes) to sell to more players. 800k + 866k = 1.66m per hour, or about $4 an hour, which is a lot better than what standard wages in developing nations are. I'd say the risk for mint RWTing is very likely, if it's not already ocurring.

[1230abcz]

Stonewall, I'm pretty sure that a lot less people are willing to pay for fake online game currency than online game currency.

I would call their current 'set prices' system effective at preventing RWT.

Heh... I just don't like you putting it that way... :-|

-- Of course if they keep PvP the way it is and GP really does become completely worthless that might change.

Well, let's assume bandos chestplates are crashing, and are trading at a street value of cash for mint + BCP. Consider this:

 

You buy a mint from a RWT site.

You buy a BCP for minimum, instantly on the grand exchange (-23.8m)

You sell a BCP for med, with a mint (25.1m)

 

You made a profit of 1.3m. If historical rates apply (adjusted for inflation), you would probably pay about 2.50 USD for 1m, or 3.25 USD for a mint. A gold farmer could gold farm about 800k an hour playing gnome restaurant one one account, and take the mints (about one every ninety minutes) to sell to more players. 800k + 866k = 1.66m per hour, or about $4 an hour, which is a lot better than what standard wages in developing nations are. I'd say the risk for mint RWTing is very likely, if it's not already ocurring.

 

 

GE prices are EXTREMELY volatile. By the time you have your offer in on an RWT site and have bought your whatever, the item you were about to buy might already be crashing. GWD items crashed, went up for 2 days, and crashed again. Very unpredictable, so it's unlikely that anyone with an IQ of over 50 would buy mints for real money. Buying mints on their own seems like a good idea, but their street prices are also very volatile. They dropped from 10M a pop to under 3M as of now in less than 2 weeks, and dropped from 5M to 3M overnight. No one would take that risk, unless the mints were being sold dirt cheap. There could be a market for rares, but even their street prices are ever changing. I could only see this being profitable if they were sold for very small dollar amounts, and then there's the question of how RWTers would get large quantities of Phats, considering they're unbuyable.

[Bladewing]

You get your mints first, then buy the crashing items. Since they're crashing, you can get min instantly. Duh.

[1230abcz]

You get your mints first, then buy the crashing items. Since they're crashing, you can get min instantly. Duh.

 

 

Once again, mints have been crashing a lot. Unless they were sold for under dollar a piece, I can't see anyone buying one. They've dropped A LOT in the past, and only idiotic risk-takers would buy them, and there aren't enough of those people (...hopefully) to give RWT sites enough business.

 

 

Edit: The potential money you can make from one only comes from the crashing item in question. Waiting for such an item to crash to min GE price is plenty of time for mints to crash over 1M street, making them worth a lot less than what you bought them for.

 

Edit #2: You also have to take into account that if mints were being RWT'ed, their street price would drop drastically, making them very worthless.

[stonewall337]

You get your mints first, then buy the crashing items. Since they're crashing, you can get min instantly. Duh.

 

 

Once again, mints have been crashing a lot. Unless they were sold for under dollar a piece, I can't see anyone buying one. They've dropped A LOT in the past, and only idiotic risk-takers would buy them, and there aren't enough of those people (...hopefully) to give RWT sites enough business.

 

 

Edit: The potential money you can make from one only comes from the crashing item in question. Waiting for such an item to crash to min GE price is plenty of time for mints to crash over 1M street, making them worth a lot less than what you bought them for.

 

Edit #2: You also have to take into account that if mints were being RWT'ed, their street price would drop drastically, making them very worthless.

 

 

Not really. Mints will drop out of fashion, and some other item will take its place.

 

Also, I am not talking about gold farmers, but more like people selling items for IRL cash themselves, like someone quitting or along those lines.

[Satenza]

No they won't. Other items when discovered may come along and share their market. But I can't think of any.