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25-September-2013 - Runescape Bonds

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And bonds are dropping really fast on G.E... so [email protected]

Bonds dropping fast means they're working, if they settle at or very near the goldseller rate then Jagex wins


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And bonds are dropping really fast on G.E... so [email protected]

Bonds dropping fast means they're working, if they settle at or very near the goldseller rate then Jagex wins

 

Surely they'd have to be a lot more to match the goldseller rate though?

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How does the price dropping on the GE affect Jagex, theyre still getting the same real world cash for them

They will just sell the ones now for novelty, once price crashes there is no point in buying them if you are intending to buy GP for cash because the ratio will be so high no one will actually buy these to sell for gp in-game.


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And bonds are dropping really fast on G.E... so [email protected]

Bonds dropping fast means they're working, if they settle at or very near the goldseller rate then Jagex wins

 

Surely that requires bonds to go UP.

 

The lower they go the worse the cash:gp ratio, the easier it is for goldsellers to undercut.


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And bonds are dropping really fast on G.E... so [email protected]

Bonds dropping fast means they're working, if they settle at or very near the goldseller rate then Jagex wins

 

Surely that requires bonds to go UP.

 

The lower they go the worse the cash:gp ratio, the easier it is for goldsellers to undercut.

 

L my bad :P Sorry


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And bonds are dropping really fast on G.E... so [email protected]

Bonds dropping fast means they're working, if they settle at or very near the goldseller rate then Jagex wins

 

Surely they'd have to be a lot more to match the goldseller rate though?

 

This.


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The problem with the community is they don't understand it. They are being sugar coated by the Anti RWT/Goldfarmers debate. They think its making things nice and dandy. But no, thats not the case. It will likely only tap their profit down a tiny bit. Bots will still bot. Gold will still be sold at a much cheaper price. Jagex is making the economy swim around and gaining money from it.

 

This.

 

Goldfarmers will continue to farm, and sell at a rate lower than bond/rsgp so it stays cheaper. Who will buy bonds then? Assuming they are targeting this at ppl who RWT

 

 

It's clear from the video that they can detect gold farming and interaction between these accounts (Mod Jacmob has a very eloquent post on the bonds section of the RSOF, I suggest everyone read it) and that in the future they will start banning these accounts and removing the items/gold. I think this update was a way to provide an alternative to buying gold while not banning half their playerbase. I imagine that in a months time we will see massive ban waves hit people that continue to buy gold from farmers as well as the farmers accounts themselves.


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Bonds currently buying at around 7.3m with a bit of a wait


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Surely the $/GP ratio between gold farming sites and through bonds should reach an equilibrium within a few weeks. And its alot more work on the gold farmers side if they keep having to change the price of gold to undercut Jagex as a result of the natural fluctuations that will occur

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Issue is gold inflation is still a major problem. This system only changes the hand of the gold it doesn't actually get rid of it.

 

Still an awesome system having micro transactions and membership attainable ingame.


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I'm guessing the bonds will drop for a while while everyone buys them and sells them for gp, but then will rise back up once everyone has had their fill and bond supply goes down.


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The problem with the community is they don't understand it. They are being sugar coated by the Anti RWT/Goldfarmers debate. They think its making things nice and dandy. But no, thats not the case. It will likely only tap their profit down a tiny bit. Bots will still bot. Gold will still be sold at a much cheaper price. Jagex is making the economy swim around and gaining money from it.

 

This.

 

Goldfarmers will continue to farm, and sell at a rate lower than bond/rsgp so it stays cheaper. Who will buy bonds then? Assuming they are targeting this at ppl who RWT

 

 

It's clear from the video that they can detect gold farming and interaction between these accounts (Mod Jacmob has a very eloquent post on the bonds section of the RSOF, I suggest everyone read it) and that in the future they will start banning these accounts and removing the items/gold. I think this update was a way to provide an alternative to buying gold while not banning half their playerbase. I imagine that in a months time we will see massive ban waves hit people that continue to buy gold from farmers as well as the farmers accounts themselves.

 

As long as the ratios have a considerable difference they will still have to ban half the playerbase, we'll have to see how this develops..as for now I see it as a failure from Jagex end due to prices dropping to half in 1 hour?

 

Edit: I'd only see it succeeding on the long run if they put a fixed GP price on bonds. Lets face it, they will never be able to get rid of illegal rwt, so instead they should be providing a reasonable $/RSGP ratio through fixed-price bonds which is safe and legal. This is not the case atm and will not be for a while...


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Far, far, too soon to consider it a failure because of price drops. ATM, there are more people who want the potential GP bonds hold than want the bond benefits (membership, spins, runecoins), so supply is too great.


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Funny. I'm reading about bonds in game while sitting in my Economics class about the currency market. It's like getting a healthy double dose of economics in one sitting.

 

Personally I like this idea. I do agree with a few people here. It doesn't get rid of the money, rather changes the hands it exist in. I still find that a major improvement, as now they hand you are buying from is an avatar in game than a shady website.

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Far, far, too soon to consider it a failure because of price drops. ATM, there are more people who want the potential GP bonds hold than want the bond benefits (membership, spins, runecoins), so supply is too great.

Especially since the price has to be low enough to compete with gold sellers.


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Haha,I honestly reckon theres enough material to debate and discuss on this topic and its economic ins and outs to make a pretty substantial University level dissertation

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Funny. I'm reading about bonds in game while sitting in my Economics class about the currency market. It's like getting a healthy double dose of economics in one sitting.

 

Personally I like this idea. I do agree with a few people here. It doesn't get rid of the money, rather changes the hands it exist in. I still find that a major improvement, as now they hand you are buying from is an avatar in game than a shady website.

The 10% trading tax gets rid of money.


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Hey, people smarter than me: is there any actual benefit to a recurring membership?

 

As long as bonds stay at some reasonable price (random number: 8M) it's probably worth it to just buy a bond every two weeks instead of a subscription since I can make many multiples of 8M in that time. I'm seriously considering it.

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Haha,I honestly reckon theres enough material to debate and discuss on this topic and its economic ins and outs to make a pretty substantial University level dissertation

It would make for a very interesting read..."Using the virtual world to explain US monetary policy".

 

 

Funny. I'm reading about bonds in game while sitting in my Economics class about the currency market. It's like getting a healthy double dose of economics in one sitting.

 

Personally I like this idea. I do agree with a few people here. It doesn't get rid of the money, rather changes the hands it exist in. I still find that a major improvement, as now they hand you are buying from is an avatar in game than a shady website.

The 10% trading tax gets rid of money.

 

Didn't realize there was a tax (I just glanced over the article since I'm in class). I stand corrected.


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...

 

Wow.

 

It's much bolder than I expected of Jagex.

 

It seems to me that it could be a smart thing to do, if you wanted to fight RWT, but I'm not sure the balance is right. The price of bonds needs to be quite high as gold farmers can achieve high gp/$ - bots don't cost much to run, apparently.

 

The price of spins is ridiculous as well - Jagex is really making a joke out of that. 14 days of membership will never equal 8 spins. It's an insult to the players to even offer the option to spin for that much real-world money. I understand that it is required to balance the in-game cost, but if you are going to offer only 8 spins per bond, you should not give the option to buy spins with bonds.

 


 

All that is fairly trivial, since you are still buying in-game benefits for real-world money, that is, it's still RWT, which makes the competition in the game less fair and fun. I don't like RWT and I still don't support it, not here, not anywhere. If I have to buy access to a game, that's fine, but I want the game whole and unmarred by further real-world money intrusions. If you mingle real-world cash with the game, you inextricably link and mix the game with the real world as well - essentially, the real world becomes part of the game. That is not what I play games for.

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Haha,I honestly reckon theres enough material to debate and discuss on this topic and its economic ins and outs to make a pretty substantial University level dissertation

It would make for a very interesting read..."Using the virtual world to explain US monetary policy".

 

 

Funny. I'm reading about bonds in game while sitting in my Economics class about the currency market. It's like getting a healthy double dose of economics in one sitting.

 

Personally I like this idea. I do agree with a few people here. It doesn't get rid of the money, rather changes the hands it exist in. I still find that a major improvement, as now they hand you are buying from is an avatar in game than a shady website.

The 10% trading tax gets rid of money.

 

Didn't realize there was a tax (I just glanced over the article since I'm in class). I stand corrected.

 

It's only a tax on the second onward trade, which you should only encounter if you have buyer's remorse after paying gp for a bond or if you are trying to merch them, which is what the tax tries to prevent.


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Far, far, too soon to consider it a failure because of price drops. ATM, there are more people who want the potential GP bonds hold than want the bond benefits (membership, spins, runecoins), so supply is too great.

It might be, but this is aimed at buyers rather than sellers from my point of view and this is why the legal part of it takes a major role.

The problem I see and stated before is that they left the ratio $/RSGP to the will of the market and thus outcome of this implementation is not guaranteed.

Sure, there is a lot of supply now due to novelty, but once that wears off will someone trade with these if the ratio is half of what goldsellers offer?

They could have had control from the start but chose not to


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I'm sure someone could work it out, but I cba is:

 

At what price point is the lowest gold farmers can go?

 

I mean it has to bottom out somewhere at a product of the best gp:hr they can make vs the £:hr membership costs for them to make a profit margin.

If someone calced that out we could work out how expensive in gp bonds need to be to be worthwhile.

 

I think the price point of bonds is a bit wrong irl atm, to me they should've been as near as possible to membership value.

As in using them to buy membership = outright buying membership by the most popular method and then of course derive the runecoin and spin quota in direct comparison to direct purchase.


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Funny. I'm reading about bonds in game while sitting in my Economics class about the currency market. It's like getting a healthy double dose of economics in one sitting.

 

Personally I like this idea. I do agree with a few people here. It doesn't get rid of the money, rather changes the hands it exist in. I still find that a major improvement, as now they hand you are buying from is an avatar in game than a shady website.

The 10% trading tax gets rid of money.

 

Didn't realize there was a tax (I just glanced over the article since I'm in class). I stand corrected.

 

 

The tax is only applicable on the second switch though.


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I'm sure someone could work it out, but I cba is:

 

At what price point is the lowest gold farmers can go?

 

I mean it has to bottom out somewhere at a product of the best gp:hr they can make vs the £:hr membership costs for them to make a profit margin.

If someone calced that out we could work out how expensive in gp bonds need to be to be worthwhile.

 

I think the price point of bonds is a bit wrong irl atm, to me they should've been as near as possible to membership value.

As in using them to buy membership = outright buying membership by the most popular method and then of course derive the runecoin and spin quota in direct comparison to direct purchase.

They'll need 10-15m gold to cover membership (random estimate) im sure they'd get that per account in 1-2 days depending on the bot.

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