Debate About The Wynn Economy

see your point

 

the problem is that we got a steady income of emeralds and items so prices go up.
because there are so many items and its so easy to get them you cant sell anything unless its a maxed legendary.
also for some reason mythics are balanced by rarity, you cant balance op items with rarity. now you get random people finding a mythic and earning a couple stacks like it was nothing.
we don't have a money sink

 

What about pure

 

@SilverMirror has a good point.

One of the main problems is that most people think mythics are the only way to become rich. They're not. I got to ~4 stacks before the game smashed a monster in my face, and it would've been easy to get even more. The thing is, most of the people claiming the economy is shit, are poor people.

Use your brain, do some research on item prices, know what items are popular and where to find them. Dont hang around detlas crying about being poor until magicay a mythic drops out of the sky onto your head.

 

Mythics being an overprice isn't the problem, The problem is that the price of literally every item in the game will keep going up overtime an least something is done.
To be honest- It's not that bad, All we need is jut a few more money sinks in the game to balance the economy out *cough cough* JUST FIX GUILDS ALREADY!

To people who don't know- The problem we're currently having in Wynncraft is called "Inflation" which is caused when a certain currency is entering the economy a whole lot faster than it leaves, And in result the currency becomes worthless since there's so much of it, Which is what causes the overprice of mythics, In a good economy the amount of money entering and exiting should be nearly the same...
I love how I learned all of this from video games.

 

fix guilds

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only mythic ive found are those crusade boots too

 

Problems:
Unchecked inflation. Players keep on finding emeralds, so prices go up.
Mythics cost too much, due to inflation, and desireability. Luck - based system is also flawed. Players who find 2 - 3 mythics instantly rich, while unlucky people don't find anything.
Lack of viable money sinks. This amplifies the effects of inflation.

Solutions:
Just fix guilds. Increase the price of guild mobs. Fixing guilds implements an actual, beneficial money sink; high levels and wealth usually correlate, the same way high levels associate with lack of 'things to do.' Players with levels (and therefore, money,) will partake in guild wars, spending money, thus bringing down inflation.

 

I like mutli quote

Do you guys need a story about a person finding 0 mythic and is now one of the richest person in wynncraft?

 

When people keeps complaining about a money sink is needed. I would say that an item sink is also needed then.
Yes it's true that emerald are generated into the flow of player-player economy style. The only time that you actually spend emerald is from buying things from merchant like Identifying items, potions, scrolls, and like entrance ticket for LI etc. Yes it's inevitably that one can get decent amount of emerald from item buyer, quests, and grinding mobs. Price would keep rising, but mythics and good items are constantly being found. The supply of both emerald and items are infinite, why would we need a money sink but not item sink then?
Both emerald and good items are being flow inside the market loop.
I dont even see any inflation happening, a 80sp was sold for more than 64le in the old item but when you look at now?
not even a 42sp 2mr was sold for more than 15le.
If we have a huge money sink, everyone becomes poor, all the price dropped, but good items would still be relatively ridiculously expensive.

 

That would be a great example.

 

I see the complaints of people complaining about wynn economy being broken is just because they are being poor and not being able to afford expensive items while blowing off others are being suddenly rich becuz they found a mythic and you don't. When you look into the way to get money, you can either sell items to player or obtain from the game itself ( item buyer, quests ). The way to be rich is not to bet on RNG finding a mythic. I am quoting this guy @TinaChan who found 8 mythics, doing no trade, and he is still poor not being able to buy the stuff he wants, instead he finds everything he wanted from looting or from mob drop.

Comparing to me, a person who found 0 mythic, yet active on the market.

Spoiler: pic of trade market forum section in terms of views

I have 3 threads on the trade market having views number on P.1, yes I found no mythic, but mythic =! only source of money, I did find some good items, I can profit those off quite alot, you don't need only mythics to be rich, unless you are that unlucky and found literally 0 good item which I really doubt that alot

It's encouraged to trade with players, that's how you be rich
and ofcuz you need Ph.D. in Scamming I guess

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So one simple sentence, being active on the market, trade with players.

 

From reading some more posts here, it seems that Emerald inflation isn't the only culprit here, but rather, Item inflation is another potential issue. So many non-mythic items have entered the market, that a huge gap has been made in terms of value.

Keep in mind, even though I stated that the economy is not as bad as other people have said, doesn't mean it's perfect, some aspects are inevitable in an economy like this, but other aspects can be at least improved on.

One on hand, so many Unique, Rare, and Legendary items have entered the market, that their value has gone way down, I mean, even Legendary items aren't that hard to find.
Of course, that's not the end of it, because there are so many non-Mythic items, the expectations of "good" IDs in the general public have gone so high, that anything below that bar is immediately sold to the Item Buyer, giving more value to the "godly" items since that's what most people tend to see and demand for, giving "godly" items nearly as much influence over the market as Mythics, not because of being extremely rare, but because they are seen as the "shining example" and have a higher lifespan than anything not "godly".

Mythics, on the other hand, are so uncommon and have accumulated so much value that they are often seen as the "big bad titans" of the market, and have become a scapegoat for opponents of the current Wynn economy, when it's actually a little deeper than that.
When you introduce an ultra-rare item type, of course they're going to be the ideal luxury item used mostly by the rich, it always happens.
If you make mythics more common, they're going to eventually suffer the same effect as non-Mythic items.

Too many people think every single mythic are super-expensive not only because of their rarity, but because all of them are super-OP and thus, their "meta-game changing" abilities make them so expensive.
In truth, most Mythics are only slightly more powerful than other items of similar playstyles, and aren't necessary for an endgame build, unless the player is going all out and/or is rich.
The actual select few "meta-game changing" Mythics, Alkatraz, Apocalypse, Cataclysm, and I guess Stratiformis, have had a more dramatic effect on the market than the other Mythics, and people seem to think every mythic has made the same impact.

-Apocalypse/Alkatraz basically make nearly all similar Fire/Earth spears worthless because of a massive power gap not featured in other Mythic vs. Legendary comparisons, Apoc and Alka are also often abused in glitchy OP builds, which makes them higher in demand than other Mythics.
-Catacylsm offers an extreme playstyle with extreme benefits no other item can offer, which seems to amuse many people and their wallets. Similar to Apoc and Alka, the power gap between Cata and any other thunder dagger is enormous.
-Stratiformis is basically the best Mythic for Archer, the other Archer Mythics are often seen as underwhelming, and thus, what choice does an Archer have if they want to be comparable to other Mythic builds? Oh, and everyone loves walk speed builds.

Warp is just as expensive because it's new, it offers an extreme playstyle like Cataclysm (without the same benefits), and again, everyone loves walk speed builds.

The Mythics themselves aren't to blame for the most part, it's the glitches and balancing issues that got these mythics to where they are today.

In conclusion, a multitude of actions has basically caused a massive gap in pricing, from the common non-Mythic item, to the occasional "godly" non-Mythic item, to the very rare Mythic, to the extremely ultra super-rare godly "Meta-Mythics" (Alkatraz/Apocalypse/Cataclysm/Stratiformis)
Let me again remind you that this is pretty much inevitable when you design an economy like this, there will always be a "poor class", there will always be a "middle class", and there will always be a "high-class", Mythics aren't the sole culprit behind all this, again, super-rare items will always be the ideal luxury item in an economy like this, in Pre-Gavel Wynn, Legendary items mostly acted as the ideal luxury item, if Mythics were removed, something else will take it's place, the economic structure of Wynn isn't broken, it's just old, uneven, and shaky in certain spots.

Everyone thinks a money sink is the one, magic solution to "fixing" the economy, when it's just going to cause less money to circulate and have everything remain the same.
If you want to actually "fix" the economy, AKA making the structure more even and less shaky, it's going to take a combined effort of money sinks, item sinks, Mythic item balancing (Can Mythic armor be viable, please?), bug fixing, etc.

Adding another tier between Legendary and Mythic won't change much, if you add another tier between Legendary and Mythic, 1 of 2 things can happen, either they'll end up in rich hands only, or they'll flood the market and become worthless except for the "godly" ones.

The economy is not broken, it's doing fine as a Capitalist economy, just with a few hiccups here and there like emerald/item inflation and such, if you think the entire economy is very broken down to it's very core, you might as well make a rant on Capitalism, and none of us want that.

Sorry if this post is really messy and disjointed, by the way.

 

People are stressing too much on mythics and yet as some has already stated, mythics are good, but comparing to legendaries, it's alot better but not too ridiculously better, I personally would prefer going for better item than a shit mythic. There are so-called mythic-replacement. You can use Gales to replace Strati, and like Slider to replace Weathered, less powerful but can still do this job
just like what I stated on my cancer build
https://forums.wynncraft.com/thread...endary-island-added-video-walkthrough.186508/
This build also works for Ignition, that proves that mythics can be replaced, it's not really that necessary.
The emerald-to-items flow within the market is a constant, conclusion

 

What if....
mythics were harder to find (not as in drop chance) like and this would also potentially create quite a small 'money sink' -
No longer did un IDed mythics have the Mythic Tag on them, but they were simply hidden beneath the unique tag. This way, people would have to spend money on identifying these uniques and could potentially waste their money on that. And, people aren't able to find mythics so easily which seems to be one of the reasons people think the economy is so bad (too many mythics being traded).
I dunno enough about the game and economy yet and whether or not this would fuck things up but I think it'd be fun to make it so you had to go all the way and have to pay attention to uniques which are generally disregarded.

tldr - give un-IDed mythics the Unique tag.

also

I bought a mythic for 5 LE only :P
yes it was a pure
yes it had the shittiest spell dmg
yes it was actually the worst mythic in the game

but i made 15 LE

 

that wont create a money sink the emerald that a person earned is still flowing within the market itself
and again we dont need a money sink

 

Oh I dunno if we need one
I just hear people saying they want one
and yeah it would barely be tbh
how else do you please seagulls?

and fuck I need to reword that

 

we got rich before mythics were a thing, they aren't the only cause

a money sink will make the money be worth more, so items will cost less.
an item sink will make items worth more so they will cost more which wont help us.

of course, you can also loose in chess when the rival has just a king and you have all the pieces.

 

Guys,
I have no idea what you guys are babbling about, so here is how you get rich in 1 word - resell.

 

Actually Im pretty sure that'd be impossible
The only decent outcome would be a stalemate