Discussion in 'Suggestions & Feedback' started by Miyake., Feb 17, 2016.
How much was the price of the throne increased to?
Weren't they ten SC like a while back?
Damn, that's a really high boost. Interested in seeing what the reasoning behind it was.
We'll just wait for a BoonValues member to reply
I dont care much for rares, but 50SC? Damn. Considering I was in a room where a dude had like 20, and was doing a ''Roll 6 Win a free Throne''. Theyre in excess and probably wont be worth that much in a long time.
Totally agreed 101% to this thread.
A simple theory in Economics, Believing that people buy less at higher prices and that sellers want to sell more at higher prices means that you believe that price and quantity demanded are inversely related and that price and quantity supplied are directly related. If the team thinks that by increasing the price of a Throne will actually induce someone that is hoarding a large number of thrones to sell them away, you're somewhat wrong.
Let's put yourself in the shoes of someone who owns a large number of Thrones. Yes when price increases you have the slight tendency to sell it and make profit, but actually what's going on the mind of someone who owns that large amount might be, 'Hey prices are increasing, let me hoard them a lil longer and maybe prices might increase even further.'
Secondly, the current economy now is basically run by the few number of users that owns tons of rares, the number of users who 'donate'/spent their own money to obtain more credits or exclusive furniture and lastly we have the last group of users, the neither here nor there boons. With the ridiculous increase in price for the Thrones, it'll only cause the economy to be stagnant. You see, there is only a group of users that can afford to purchase/resell/trade these rares. These rares will never, maybe forever , land into the hands of the normal boon users who don't even have 50 suitcases on hand. The cycle continues and the economy stays that way.
When supply increase; price decreases (in this case we can see there are tons of thrones in the hotel now). If you actually want to let the economy run smoothly, decrease the price of thrones. 1. When prices decrease, users will be more than willing to sell them away. 2. Users who aren't as rich will be able to afford buying them with their 'tiny wallet'.
3. Economy runs smoothly and viola, no more hoarding of rares, everyone enjoy their time in Boon.
If the team is going to continue jacking up prices of rares thinking that way they are doing their job by 'valuing' them, they're wrong.
And if the users aren't following most of the values listed then what's the point of a Boon Values team? Is it just to ensure they benefit in their own way, well many of us would love to have the answer known.
TL;DR : Jacking up of rare prices is ridiculous.
Pm me what you think each item should be valued and I'll take it up with the values team.
to be fair, they used to be 100sc with 100k released in the old eco/
Currently, there is 14k but people are saying they are hard to get, with saying that only one person has over 300
and with your statement saying users should be involved, the boonvalues team are users.
U cant see much thrones around cause users keep it cause of hoping the price to be increase, yes they're 100 scs before but is it the right time again? I mean like now, now? people are still printing scs like reset was just few months ago.
Simple solution to that - ban afk boosters.
Even though the values said 10sc per, people were selling thrones for 35-45sc anyway. So really, it isn't that much of a jump.
Yes they used to be 100sc with 100k of them in the old eco, but what happened in the end? A reset .
Yes obviously they are hard to get when it's priced at 100 sc per throne. Now, what will this lead to? The 'poor' users have to resort to have multiple accounts boosting credits so they can afford to own a rare. And are the staffs able to keep track of all these alternate boosting accounts? No, i believe i wouldn't be able to do a good job too if i were a staff no doubt.
So yes, the boonvalues team are users in game too, BUT, are they actually sticking to the price they valued? No. If that's the case then what's the point? Why need a team of users to come brainstorm and value items but in the end they themselves are acting with something they come up with?
Just my 2 cents worth of thought here.
To be fair though, the BoonValues team is probably made up of fairly young members who don't have a complete understanding of economics. Hell, it wasn't even offered as a class until I was a senior in High School. Then again....Murica.
Yep idk why staff still allowing users to use afk boosters like tf? but idk how they can do that...
Honestly, afk boosters aren't even close to the problem. The problem lies within people hoarding the thrones they bet with instead of letting them circulate.
You're forgetting about supply and demand. You need to remember that the Throne is an iconic Habbo Rare which has always been used as the main seating in Casinos, as well as being used as currency. Due to this, it is a more sought after item than that of other rares. I personally believe that the Throne is at a decent spot right now.
You don't need to have completed a course on economics in order to value rares on an online game. I've played Habbo hotel and retros on and off since 2004 and gambled on them for just as long. I've controlled economies and gambled in both great and bad economies. After playing and gambling in an economy for awhile, you can easily understand it and have a decent idea of valuing it. I personally have only really been playing Boon for a short while and whilst I haven't spent any time gambling just yet, I have taken some time to look at the economy and it seems to be in a pretty good state atm. I also had my first chat with Mitch today (as well as some other well known gamblers) and from what I can see, he seems to know how to run a Habbo economy.
The Boon Valuers position can be achieved by any member of the community, as long as they understand the role and are fit for it. The current Boon Valuers have been picked for a reason and if you feel that they aren't fitting for the role, or you may be better, then I would ask around to see how and if you can apply.
Did I ever say Mitch? No. Don' put words in my mouth. I'm talking about the younger BoonValues team. From what I remember it was made of 12-14 year olds. Clearly they don't understand economics with the way the rares are being priced. 50sc for a throne is ridiculous.
The rare values team is made of users who spend a lot of time in casinos. 50sc isn't that much for a throne, for the past month or more they've been going for a price of 30-45sc.
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