Debate About The Wynn Economy

Some people say that the wynn economy is broken, how is it broken? Genuinely curious.

While certain things are overpriced (mythics), so are luxury items in real life. If you make that comparison, mythics most certainly are not necessary for a good endgame build. All that they do is enhance the quality of life, so mythics being arbitrarily expensive isn't that big an issue.

That aside, I'm curious to see what others think about the economy, and its issues.

Established issues

• Unregulated inflation
• Number of Sellers > number of buyers

Possible solutions

• Fix guilds - viable and effective money sink

 

imo the price difference between 1% (ie 90-91% strati) is just too big, also some mythics are expensive just bc they're rare and that's kinda bs

 

1 year ago a mythic was buyable for a minimum of 1,5 stacks of LE.
Today, a mythic is buyable for a minimum of 3 or 4 stacks of LE.

 

mithycals are expensive because they are rare,so its not the community that should lower the prices,its the devs that should make an easier way

 

I said I need the main post that mythic should be disregarded because of their presence as luxury items, and not being essential to a build or endgame playstyle.

 

but mythics are the reason why everything is so expensive

 

You didn't say that ._.

Saying that's it not an issue, doesn't mean we need to disregard them since it's a possible argument (and will probably be the only one.).

 

Honestly, I think people overreact about the economy, yes, even though inflation and the price of mythics can be an issue, when you build an economy like this, these things are inevitable and normal in a capitalist-like economy like ours. (hope I'm using that term correctly)

I think the best analysis on the economy is the one @davicusprime made in January.

From here: https://forums.wynncraft.com/threads/economy-problems.172540/ (don't bump please that would be necroposting)

And honestly, I think dungeon items have the potential to at least improve the economy, why? Because dungeon items are already strong for their level, and as the higher-leveled dungeons release, there's the potential of having items that can act as alternatives to mythics for players who don't have bags of money.

 

"Oh shit I found a Gaia, now im rich"
Inb4 someone starts talking about how they never sold a mythic and are rich

 

I did say that, and gave a reason why.

Mythic prices don't affect the prices of other items? If it does, where is an example of when it did?
I

I agree. His explanation is a better analysis of the free market that wynn has.

 

rich people buying mythics => more money => higher offers on "common" items (auctions) => higher prices

for example, an endgame meta set rn (cancer, vaward, ineptitude, etc.) is worth a lot more than a pregavel endgame set; mostly because they added mythics (and new quests/good items like dungeon items but thats kinda irrelevant cos they dont contribute a lot to the inflation like mythics do)

 

In your example about melee builds, every single melee build that exists has a viable no. Mythic replacement. The existance of mythics does not affect the price of he items you listed.
The reason items are worth more in general is inflation, which happens in every single economy in existance, except for command economies.

 

i wasnt talking about melee builds, just builds in general

also what kinda sucks about mythics is that the same rich people buy them over and over again to resell them with the price increasing every time, people use them for like 3 days, sell them, buy another mythic, rinse and repeat
whenever someone finds like a strati/cata and become rich they join this circlejerk of reselling, most mythics wont find their "rightful owner" tbh

 

I think the Content team saw this problem coming.

After all, the Gavel update did add a lot of greed into the world.

 

Inflation, and yeah. The constant mythic cycle is an issue, something which is one of my end goals to fix in this economy.

 

Basically, inflation. Infinite money with nobody to control or oversee it and no limits on how much you can earn and how quickly.

 

after the gavel update with mythics coming on to the game, it made the economy scene way more interesting and broken, if you found one, you are suddenly rising up in the trading scene, if you dont, you are still below selling shitty common legends that mostly no one wants except for the (anyone got a legendary spear for my level) guy.

 

Yep, inflation.

We already dismissed mythics.

 

Like I said, the mythics will be the only thing that will be speak about in this thread.

 

Wynn economics:

The reason why I can't get19le