Values

[Defiant_Blob]

With the coming of the new server, comes an economy system that many of use won't used to. That is, an economy without an official currency via plug-in. So, I am creating this thread to help determine the values of items to people at the current moment, whether that be that 10 gold ingots are worth 1 diamond or that 1 gold ingot is worth 5 stacks of logs. The economy will regulate itself, and this will be its reference guide.
[web=docs.google.com/spreadsheet/ccc?key=0ApWFVYTA43JXdG5qTlA5X2hrdzdxallNT2xJZlItQmc#gid=0][/web]

 

[balloon98]

Mine was 1 diamond = 5 ingots of iron

 

[Numberplay]

64 pixels = 64 pixels

 

[Defiant_Blob]

Well, diamond price tends to vary, based on the map. (on SMPv3 it was around 30 Topians, it went up to the hundreds in Prim). Gold is usually the same value (was 15 in both)

 

[Kloud_Strife]

Feel like this is a good idea, though it seems like the economy would be constantly in flux, causing this to have to be updated a lot.

 

[Jubjubers]

I'd say a barter system would be good
e.g;
Player 1; Hey, can I have some bread?
Player 2; Sure, But I'm running low on bricks.
Player 1; How about x bricks per x bread?
Player 2; Sure thing!

 

[Defiant_Blob]

I'd say a barter system would be good
e.g;
Player 1; Hey, can I have some bread?
Player 2; Sure, But I'm running low on bricks.
Player 1; How about x bricks per x bread?
Player 2; Sure thing!

That's what we'll have to do :3 No currency. My list will just help people make sure they aren't being ripped off.

 

[Jubjubers]

That's what we'll have to do :3 No currency. My list will just help people make sure they aren't being ripped off.

Seems like an acceptable idea. Maybe, somehow, we could settle a bank of sorts?

 

[Kloud_Strife]

The question is, would the bank be run by a group of people, or just one? I feel like one person sitting on all those items might lead to some trouble.

 

[rosekill]

well after a while the item prices will go down because the demand going down because people are getting them on hteir own then when they sell the item then the supply will go up and the demand will be met hance lowering the price.

 

[rosekill]

im also thinking a group of 7-10 people should run the bank

 

[Knight365]

(rosekill There is an edit post button to prevent double posts)

 

[Defiant_Blob]

Well, we all have to trust banks in real life. Let the most trustworthy banker win?

 

[rosekill]

yeah but there should be intrest and mailing so we can send goods and if we store items for a certain amount of time the price to get it back is much higher.

 

[Defiant_Blob]

Well, enough with the derailing. This is about value of items, not bank.

 

[Jayfeather]

well after a while the item prices will go down because the demand going down because people are getting them on hteir own then when they sell the item then the supply will go up and the demand will be met hance lowering the price.

People want stuff.
People buy stuff.
People use stuff.
People want that stuff again.
Demand rarely changes in a game like Minecraft.

Also, guiz.
5IronIngots = 1Diamond?
How many Iron ingots can you mine in one vein? 3-6. One vein and you have a diamond?
*Bewildered*

 

[IQD]

Gold nuggets for currency.

 

[Kuyajer]

From the minecraft wiki:

• Diamond ore occurs in roughly 0.1276% of stone from levels 2-18.
• There is an average of 3.097 diamond ore perchunk.

...

• There is 1 vein of Diamond Ore per chunk.

So taking in count that a chunk is 16x16 x 16( 16 height because diamonds are only found below 16) then I'd say roughly 3-6 stacks per diamond of cobble. Wood is easy to get, 2 - 5 stacks. Everything else I'd just barter on.

 

[BrickWolf]

1 diamond = 9-18 iron ingots? (1-2 soild blocks of iron)

Iron is fairly common, whereas diamond is a bit more difficult to get (depending on the player).

 

[Razinao]

The same way that TF2 sets up the costs of each item?

 

[boredchicka]

Chances are the people that would get ripped off, and not know how to hangle, are the same people that won't take the time to look at this thread. :3

 

[Awwwyea]

I think that the point of having no base currency is that deals and barters are completely random on the face of it all, rather than setting up a whole system for this and that.

 

[Defiant_Blob]

I think that the point of having no base currency is that deals and barters are completely random on the face of it all, rather than setting up a whole system for this and that.

Whether players use it is their choice. But, after a while, we'll have a regular trade range at which people usually barter within.

 

[Awwwyea]

But, after a while,

Make it up as we go along. :3

 

[Defiant_Blob]

Make it up as we go along. :3

That's how any economy works. This thread will be a record of what's already been decided by players on server.