Gold.

Okay so I just don't understand why we can't trade gold. I've been told that it affects the economy of the server, but no one can explain how. Seeing as penny is not working a lot, and lots of people use gold blocks, powered rails, etc. We are told to trade it only privately. Why? What is the point of having a restriction that seems to fill no purpose aside from making it difficult to obtain gold when you want it. If people start selling gold for different prices I could understand that, but with voting, and sponsors just lumping extra dei into the server that isn't backed by anything that even exists in game.... I fail to see how it could affect anything. Even the resources are in another world (/go mine)..I just felt that this needed to be said, because everyone I have talked to seemed to feel this way.

 

ah hidden riches. that makes sense. why then allow it privately? And wow I am taxed on my total balance of dei?

 

I agree selling gold in public may ruin economy however what if people want to buy gold, we can't buy it anymore, the only way to get it now is try find someone privately who will sell you gold or go mining and most of the time I don't have time to mine and spend ages looking for gold or ask loads of people do you have gold which you can sell. I own town and soon we need loads of gold ingots for power rails and other stuff since at moment as well I been trying buy power rails but it unlikely anyone will have any for sale since it requires alot of gold ingots so I been itching and scavenging to try to keep my gold and get more and more to make power rails and more in the future so I believe at least have pennybags sell gold for maybe 25 dei or even more as well instead of just pennybags buying it. E.g on the old /shop plugin there was gold for 100 dei and you could sell it for 25 dei.

 

It's Just one of those things we can't control I think it's even rarer on the mine world than on SSP than on mine world so just makes it that much more difficult to get in the first place.

But I generally have some bars and tons of glowstone dust so I could sell you powered rails.

 

Lordy, you lot like to overcomplicate the explanations.

I think it was smc who summed it up most clearly a while back:

- Each player is limited to how much dei he can bring into the economy (and his persona wealth) through gold daily
- This could be bypassed by selling the extra gold at full price to other players, who could then sell them at the shop bringing in extra dei to the economy during that day.
- Rinse & repeat and you're maximising the growth of the overall economic pool, rather than allowing it to be self-limiting through apathy of players who can't be bothered to mine gold daily.

So yes; it's a drop in the ocean compared to donators, but trading gold between players isn't just about moving dei around between people, but artificially inflates the amount of dei available in the economy - unlike any other form of trade.

 

I wish you could sell redstone for dei like you can gold. Even if it was 1 stack for only 10 dei, limit 1 per day, that would be fine with me. I've got so much redstone lying around and nothing to do with it.

 

Yeah I've got a double chest full of redstone hard to get rid of the stuff just looking forward to the mall coming back so I can set up a shop

 

im new to the server and have no clue how to even sell them, can someone tell me?

 

Your actually not allowed to sell gold. At all. The reason behind this is that people will buy other people's gold to get rid of their excesses in money, causing gigantic hoarding problems. You get taxed to prevent people from hoarding money, just trying to be the most richest person and not buying anything destroys an economy.

 

In my opinion, if people want gold for powered rails they should buy the powered rails themselves, not the gold. However, this does not apply to other things such as gold blocks for decoration. I believe that the current system is fine, but maybe some kind of gold trading needs to be added in the future.

 

Ok... I think I'm just thick here. Not trying to offend anybody or insinuate anything. Why is selling gold different than selling, say, cocoa beans or, say, redstone? I understand that gold is one of few things that can directly be traded into the server for dei, but if supply and demand makes gold worth more than 25 dei, why should we artificially limit the economy?

I guess what would help me is a real world analogy. Or maybe not. I don't know.

 

Its not actually limiting the economy it's the only way to grow it apart from being a donor, for the economy to grow more needs to be more money being "printed" by the server so that players can have more dei and amass wealth and then spend it

 

It's because it's a way of getting new money out into the server. It's the opposite of limiting the economy. Here's how I see it, correct me if I'm wrong, someone better at economics: If everyone sold their gold to everyone else instead of selling it to pennybags, especially at an inflated price, the only 'new' money coming into the server would be from voting, lords and donators. Voting money isn't exactly a salient income, and pretty much everyone has to pay taxes in some form, which means people who survive on trade alone - i.e. merchants or to a lesser extent anyone who is not a lord - would have less and less money to put into the economy, especially since people have a tendency to save and hoard in a shaky economy. As items can't be taxed, eventually only a few people would have all the gold and therefore technically all the Dei. That's why you need to have a place where new money comes in - Mr Pennybags - at a standard, acceptable rate to counterbalance places for money (or items in which money is invested) to sit or sink - taxes, a /shop, people's vaults and buildings, under your mattress, etc. Since a lot of people's Dei goes into buildings and stays there, there has to be a way to counter this. Restricting the sale of gold between players means there's far less chance of the flow of Dei stopping up and gives people a standard thing to sell at a set rate, as opposed to the prices of stone or wool or wood or what have you, which can fluctuate and bring no new Dei into the economy.

 

Yeah, I totally forgot about the possibility of flooding. And you were far more brief than I (both times), Gwen. XD Well said.

 

How do the taxes work? Is it a percentage of your total wealth?

 

Isnt that to much?
I have 30k dei because i mine alot and save up for enchanted stuff
That means i pay 300 dei a day just because i save up to buy stuff
i dont see how that is fair.
Thanks and i would like to see your point of view