How to Remove the GOLD post Exploit

[Kulze]

Fair point.

[Shrukn]

You cant fix the economy now, everyone will just list items for giga amounts still assuming most people have gold to burn. Red Ring is 700m and only going up

I am 99.41% and im rank 10.4 with 500k Favour on hand. ive barely used the AH to buy yet almost all my gear i am wearing is from MG. So i am nowhere near rank 12 to buy cheaper legendaries

I posted long ago why gold is worthless, there is also no real gold sinks in the game. Lightless doesnt really count if you never go there and dont partake. My next stash tab to buy is 30k. I have 15 tabs all up this cycle

Rerolling a new character for me is a gold sink …but not for the economy itself im just moving my gold to others if I spend my money on a reroll - which isnt feasible now

I compare this to in PoE saving 50-100divine for a new build and suddenly now to reroll the cost is now 5000 divines, you either now sell cheap items for ludicrous gold in a vain attempt to ‘keep up’ or you wait for the economy to self regulate which is going to take an unknown amount of time

Its a shame as this cycle and new end game is pretty nice, i am enjoying it so far

[Llama8]

@Shrukn

I posted long ago why gold is worthless, there is also no real gold sinks in the game. Lightless doesnt really count if you never go there and dont partake. My next stash tab to buy is 30k. I have 15 tabs all up this cycle

That’s the problem though, you could have more gold sinks but if people don’t use them then they won’t get rid of the gold.

@Shrukn

You cant fix the economy now, everyone will just list items for giga amounts still assuming most people have gold to burn.

Yeah, that’s a problem of having a player driven economy, it doesn’t stop players from setting unrealistic prices. If the devs were able to remove all of the “tainted” gold & delisted everything, there’s nothing to stop people just relisting for the same old prices.

[Kulze]

@Llama8

That’s the problem though, you could have more gold sinks but if people don’t use them then they won’t get rid of the gold.

Gold taxation for buying or listing items… optimally both.

Simple problem, solution as simple.
Has always been mandatory to provide a sink for inflation prone systems.
It’s just not done here.

@Llama8

it doesn’t stop players from setting unrealistic prices.

You know the solution to that?
Re-listing ability.
My item doesn’t sell? Guess I’ll reduce the price!
Issue solved, usually takes a few days to self-regulate this way.

Take that option away and your market becomes sluggish and stale as we currently see happening.

[DJSamhein]

@Kulze

You know the solution to that?
Re-listing ability.

You can already re-list.

[Kulze]

It costs the initial price. That’s no ‘re’-listing, that’s listing.

Re-listing needs to have no downsides and needs to be able to be done with minimal downsides.

Imagine me logging in right now with all my items on the market (500+ currently) and trying to re-list them.
How much favor does that take?
How much time to individually pull each one out, price-check with our current UI setup as well as gather the favor needed to even accomplish it in the first place.

A ‘once a day’ re-list would cost me more time then a day. Hence the answer is simple:
No, we don’t have a re-listing ability

[Llama8]

@Kulze

It costs the initial price. That’s no ‘re’-listing, that’s listing.

So I can’t remove the item from sale & put it back up for sale at a different price? Is that not what relisting is? Just because it’s not free doesn’t mean it’s not relisting.

[DJSamhein]

@Kulze

Re-listing needs to have no downsides and needs to be able to be done with minimal downsides.

@Kulze

How much favor does that take?

On the other hand, having a cost should, in theory, make you consider your asking price when you put stuff up for sale, because you know you have costs to adjust that price.

[Kulze]

@Llama8

Just because it’s not free doesn’t mean it’s not relisting.

Re-listing is by design mandated to be free or low-cost unless you specifically want to hinder that out of some other reason (and that’s rarely viable).

Imagine you going into the stock market, setting up your sale and realizing ‘ah damn, the market moved different then expected!’ and now you’re stuck with that price. You can’t react and would need to put the price for re-listing into the equation.
So if I have something I bought for 100 and re-listing costs me 5 then I can’t reasonably sell it for less then 106 after the first, then 112 for the second and so on. It gets quickly out of hand until it’s worthless. More cost for re-listing then value of the item, no profit, wasted time since you need to input the time expenditure into the new markup as well.

@DJSamhein

On the other hand, having a cost should, in theory, make you consider your asking price when you put stuff up for sale, because you know you have costs to adjust that price.

Yes, absolutely true!
But it doesn’t allow you to adjust to the situation.

Put in an items for 10000 gold, you’re 1000 below the lowest one. Now come 5 people along undercutting your price. You have no reasonable expectation of that happening.

So that leads to 2 options.
First… re-list and take the loss of profit automatically.
Second… list with a heavily lowered price to get a sale before someone else lists below you.

Both options are a net negative for a market. You want to get the margin as close as possible together. Most profit for your time and least expenditure for your effort.

Which mandates free re-listing at any time.