Gaian Economics Essay

[Oshousama_Raistlin]

I very much agree with you about the botting and reasoning behind not allowing gaia items to be sold on ebay, prettyslavegirl. 3nodding  

[prettyslavegirl]

thank you, i apreciate you taking the time to read what i wrote. agreement from you is high praise indeed.  

[starbubbles]

great write up on ecomonics!  

[kyosuke01]

its been a while since i been on my comp. and i see things have changed a little.  

[prettyslavegirl]

Quote:

Recently, the admins have had some concerns about people buying Gaia Gold and items with real currency. Unscrupulous gold sellers have been trying to get around our "no selling our buying items" rule by offering their time spent on Gaia for sale instead of selling actual items, or by offering auctions which say things like "buy this toy bunny... oh, and by the way, I'll throw in an expensive Gaia Online item, too!" The effect, however, is all the same: a Gaian gives them money, they give the Gaian gold in return, and then both people get banned.

Please remember that buying people's time on Gaia is just as much against the Terms of Service as buying actual items. It is against the rules because it's unfair: people with lots of money can pay people to surf the site and rack up gold, meaning that people with more real-life money can get more Gaia Gold from botters, which leads to inflation, which means that honest questers have to work much harder to get the items they want. It's morally wrong, and it's against the rules.

Don't be fooled by people who say they're just selling you their Gaia "time" so they can get items for you, or by people who are selling random things and throwing in "real" Gaia items as part of the deal. They are botters, scammers, and cheaters, and dealing with them will just result in a ban.

well thats what the admins say..... looks like i was right biggrin  

[MikeHo]

i totally agree...!!! lol  

[- Savage Potato -]

Its awfully long gonk

But I read the last paragraph. It was good 4laugh

To sum up most part of it, it relates to inflation. Time goes on, and prices increase, inevitably. So thats why, stockpile a 100s of items when they're low and sell them when they're 3 times the price it used to be. oki? xd  

[Roka Shell]

this is one of the most awsome essays i've ever read! eek it just makes me glad i'm here to read and learn  

[prettyslavegirl]

and your contribution will be welcomed with open ears and minds.
i do generally enjoy reding theses.
biggrin
write on!  

[Ryu`Hayabusa]

wiki bean

Indeed, I agree with everyone! You did a great job. But I believe Sargun Peaceheart is right too. Overpricing is seen very often in the marketplace.

I do like the essay and overpricing is used in Gaia, but sometimes, In Economics you'd have to understand that what she said about Markup is used in terms of pricing. They might work by a percentage of what they set and they follow it out in their marketplace. Also before I add on, i'm not trying to say that you don't have a point but sometimes; in business, people go by markup, discount and a base price-point to sell their items based on their price-points. Also they sometimes go by the terms of net worth the item is. If for example, an item is very popular, the price of that item goes up and that also gives potential sellers to put their hands on these items to sell at a markup price of whatever.

So, to put it in short terms, sellers look for popularity, and net worth of an item to up-sell it, or decrease the original price of an item.  

[prettyslavegirl]

both good points.
*aplauds politley*.  

[cinders4mysteria]

I agree, like rare treasures are only treasures if someone is willing to buy them.