“Gold Rush”
It’s amazing how economies thrive on virtual worlds like Azeroth. One can buy and sell wares at an auction house to bring in money and spend money. Unfortunately, on my return back to Azeroth after a large siesta from the virtual world, many things seem to have changed… it costs an arm and a leg for almost everything. Perhaps the Burning Crusade expansion has set a new level of cost?
Here’s the deal. If you’re a brand new World of Warcraft player, you’re going to find yourself having to harvest the materials of the world (known as “mats”) for yourself because the auction house is way too expensive for everyday items. Inflation is out of control, imagine going to the store to purchase a leather jacket for the price of a car. You’d go cold wouldn’t you?
Once upon a time things were different, “low-bee” items (items between 1 and 15 let’s say) were a reasonable price, usually in the silver range of money. Today, they’re weighted in gold. The concept of supply and demand is at work but how is it we can purchase the supply at such a high cost? Because we’ve got friends or other characters with a lot of unused cash!
With Burning Crusade we saw basic quests tossing around gold as if it were common place. A character would save up thousands of gold for mounts and then horde the gold as if it were precious until they realized it was nearly infinite in supply and would start passing it around their guild or to other low level characters in their account. The end result, a low level character can go into the auction house with 100 gold in hand and buy whatever they need for basic materials no matter the price.
The laws of supply and demand take on a whole new meaning when people buying have nearly infinate supplies of cash. For me, I’ve decided to purchase some materials while “grinding” for others because they’re just too costly to purchase. However, I’ll do what needs to be done to also exploit the high prices when selling items back to the auction house and contribute to the over-inflated economies.
Perhaps, over time, Blizzard will create a platinum piece to replace the common nature of the gold as it depreciates in value. Although that’s said more in jest, it’s unfortunate that brand new gamers to this MMORPG won’t be able to take full advantage of the auction house as they could years ago with the influx in gold deposits.
Launch Day Xbox
@EA selling virtual car for $100:
I was initially shocked, but then I remembered previous examples: Battlefield Heroes rents virtual weapons for real money, WoW has players selling in-game gold for real world currency. Heck, TF2 has a whole economy based on virtual goods.
All these examples point out that there is a lot of spare cash, and enough people having it are willing to spend it on whatever they feel it is valuable.
Hey, Jordan, I proposed a similar measure (tax sales from virtual goods) in episode 240 😛
@Modern Warfare 3 beats Avatar:
Well, I wouldn’t say that the gaming industry beats the movie industry, just based on one game. I think we (or at least I) will need to check more numbers.
One thing to be noted though: Activision made that money, not the original dev team (they left Activision after MW2). So, I’m sorry to say that, but the devs just found out how easy they can be replaced, without major losses from the company …
@Move to next-gen is “terrifying“:
… really? PCs already are next-gen, they always were. And the XBox is always very close to the PC, because of the hardware and software similarities. Terrifying? Yeah, but only for Sony and Nintendo, because they failed to understand the importance of a good platform/framework/API.
@Man sues Sony for ToS update forbidding suing:
Ha ha ha! 😀
Well, you can always choose to not use the console … As for Microsoft doing the same thing (forbidding class action suits), shame on them.
As for the size of DynamicJul’s country, yeah, there are a lot of small countries: Monaco, Lichtenstein, Faroe Islands, San Marino …
@QOTW: a game in the STALKER universe.
:)) so apparently there will be no show until mid January … anyway, Merry Christmas and Happy New Year!
My country is the actually the small island of Malta.
@Naughty Dog: Move to next-gen is “terrifying“: I think that if the PS4 is released in the near future, it will have a launch just as hard as the PS3. Just like Naughty Dog, I think that developers have only just started using the PS3 to its extent and anything new will definitely be a challenge.
@Nintendo only showing E3 Wii U demos at CES 2012: I don’t think this really means anything. I think that they’re just holding everything for E3. First of all, I think that E3 is the most known and the hype that would come from releasing all the information in a few hours would be much greater rather than if they released it over a couple of months.
@QOTW: As far as games that have already been announced, it’s Mass Effect 3. I have already pre-ordered it and hope that it will get me through my GCSEs without me playing any other games.
@Next-gen Hardware:
Maybe they’re skipping a few numbers and working on the PS9 from the PS2 days (http://www.youtube.com/watch?v=jRJXLu3YVpM).
@Paul: Congrats on the move and reuniting with your partner. It’s great to hear queer perspectives on gaming, and I think a lot more people should be coming out as gaymers. 😛
@ ea selling virtual car for $100
I’m not surprised coz most companies do this ,i mean they won’t lost anything physically and its just virtual
@ modern warfare 3 beats avatar
This doesn’t prove that gaming industry is better than the movie industry ,its just one game
@ qotw
I’m most interested in the upcoming transformers game
I wish my classmates know what’s the difference between a flashgame and a title coz they keep teasing that I don’t know games but they’re wrong ,wth they think godswar is a cool game and they compare it to world of warcraft wtf ,btw godswar is a Facebook game mmorpg
@ ea selling virtual car for $100
Yeah virtual items purchases can get real crazy, specially in Online worlds with micro transactions.
About the Entropia Universe space resort the article refers to, it matters to say that those real estates are sources of income. Other players pay a % of their revenue generated on the asteroid. The estate owner could also sell shops and apartments to other players. “Neverdie” announced a few years back that just 6 months after the purchase of the asteroid, he and his investors were already on profit. Personally I felt worse when I saw people spending 30k $ in a handgun.
@ Next-gen and Naughty Dog its not the first time a developer comes out and expresses concerns about how fast we’re moving to a possible next generation of consoles. I think it was last year that Ubisoft said that every time a new generation of consoles comes out, games get more expensive to develop.
Game developers and publishers would like a few more years in this generation before bumping up the investment.
@Star Wars Old Republic
Nice to see its going well for them, but this game was a huge disappointment for me. I was kinda hoping for a massive sandbox mmo like SWG but ah well, just another game that doesn’t really bring anything new other than the conversations with multiplayer.
@Question of the week
Since Skyrim is already here, I’ll go and say Darkfall 2.0 if it ever gets released. Darkfall is a mmorpg sandbox-ish game, with full open pvp and full loot. It is a brutal game where you never feel safe, where you loose whatever you were carrying if someone kills and loots you. One of those games that tried to follow the steps of Ultima Online.