Has the hoarding issue been resolved?

Except both dark scrolls and chaos scrolls have their worst-case mechanics built in by either blowing up the item entirely or by offering an equal chance at giving negative stats (and made irreversible through Pure CSS).

I do think Pure CSS would be quite expensive - not only through its utility value but also in its availability. I doubt there would be hundreds available in the market at any given time.

 

I'm still confused by this. What benefit would Pure CSS offer for chaos gloves? If you ever get to the point where it would make economic sense to White Scroll + CS in order to preserve a slot, WS+CS should still be the favorable method over raw CS as long as Pure CSS 10% isn't less than 1/10th the cost of a White Scroll (10 pog coins + 1 mil, or ~22-23m in today's market). Considering a regular CSS 20% is something like 10m already, I highly doubt Pure CSS 10% would go for anything close to 22m.

 

Let me break it down to try and understand it myself.

In the case of chaos scrolling gloves:
16.36%. of the time it will yield a favorable and irreversible result of +3, +4, +5.
43.63% of the time it will yield an unfavorable and irreversible result of [-5,+2].
40% of the time it will yield a reversible result of a failed scroll.

For a larger project like advancing an 8/5 glove, wouldn't white scrolling + chaos scrolling protect you on the 40% chance of failure? Sure, there is a 43.63% chance you will yield an irreversible result of [-5,+2] and that would stop your project there, but 40% of the time you will have failed the slot and would be paying way more than 1 white scroll to get that slot back. If you land a favorable result, your white scroll + chaos scroll would have been well worth the investment anyways.

I guess the broken factor comes in that 16.36% favorable outcome being way more cost effective than trying to WS + 10% your glove, but you aren't going to be WS+10 a 3/6, 6/5, or 9/4 glove either.

Am I missing something in my logic?

Also, this is assuming Pure CSS 10% is way more than the cost of 1/10th of a white scroll. In your previous posts, you valued Pure CSS being several times more expensive than white scrolls.

 

Here's another update on the coin market using a few owls. All costs are using cheapest price available in market.


It seems like individual coins are still cheaper to buy than the pouches for some reason, and the available count of pouches on the market are scarce.
It seems like the market is currently being completely hoarded by BOOMERHB.







So you guys still think hoarding isn't an issue?

 

I think this is a good response to those saying that the hoarding issue is resolved because you can just farm it yourself.
For the most parts, I'm happy with the prestigious coin implementation because it makes bossing more viable as content, but in the grand scheme of things, I feel like white scrolls are even more scarce than before, and the entire market is being squeezed dry by only a few actors.

This makes it much more dangerous, especially in a complex/confusing system with a lot of irrationality.

We're in the midst of an event where the supply of white scrolls is at its highest. So where are they all going?

 

If that is the case, I must be checking the market at the wrong times after all the reasonably priced coins are bought out. Right now, coins are ranging from 2.15 - 3.5m ea, with the median price at 3.5m.

Either the coins are never entering the market, or that person who scrolled the last few slots on the overall got really lucky, because if they needed ~4k coins for the last 4 slots, they had to have gotten it off-market somehow.

 

Didn't you convert most of those 4k coins yourself? If so, you weren't really entering in the market to purchase them.

This brings it all back to my main point - why the 10% reduction from the conversion of white scrolls to pouches? All it does is throttle the supply of white scrolls that enter the market when it does.

Here are the various situations:

• A person who gets a white scroll and needs it will use it themselves. No loss there. This is the optimal value conversion.
• A person who gets a white scroll and needs it on a different account (timeless weapons, chaos scroll) will need to pay not only a 10m fee but will need to enter the coin market to purchase an additional 10 coins on average. This is an unnatural situation that forces an individual who already has an item to enter a market for that same item. It increases actors in the buyers market while there is no real counter-balance in the sellers market. As a server, we're capped at a limited supply based on RNG.
• A person who gets a white scroll and doesn't need it can sell it or hoard it. If they decide to sell it, they will convert it into a pouch which is an automatic 10% reduction of value of that original white scroll in the form of a coin and a 10 mil meso sink.

These situations all point to a bottleneck of any and all coins entering into the market, and it's getting taxed twice. Once from a user's perspective where they need to buy coins to top off the loss from conversion and a second time whenever a seller decides to sell.

With bossing coins being implemented, I'm guessing staff theorized that a 10% sink from conversion would be enough to balance out the supply in case there was an overproduction. However, with rising costs of coins, this does not seem to be the case. The problem with white scroll hoarding itself has always been predicated by a shortage of supply. So why do we need to short the supply in any way?

 

Punishing hoarders by slashing the supply whilst not fixing the hoarding issue is probably the dumbest thing. Hoarders did not need to get punished. Hoarding was a by-product of a problem of growing demand and a stagnant supply. It was never the problem itself, and trying to punish people for hoarding did little to nothing for those who anticipated the telegraphed changes while indirectly catching the rest of the server in the crossfire.

Those 6b worth of coins you initially had as white scrolls are the last of the supply of old stock. Our server will never see a mass conversion of white scrolls into coins like that ever again. We're in the midst of an event where white scrolls AND chaos scrolls are being generated through raffles, higher player activity, and an excited player base testing out a shiny new system, yet it seems like the supply hasn't gone up at all.

Once numbers come out and the shine of a new system fades, I'm concerned people are going to default to their optimized mage strategies in hopes of outpacing the market by generating mesos. However, a market of buyers with pockets full of cash and no supply is going to get nasty.