Platinum Tax For Platinum Trades? Other Suggestions Welcome

[(PSN)ThisisMrBurns]

Thought I'd post this as a separate thread seeing as the thread I posted this in was a little hefty...

 

 Do we need platinum tax for trades that involve platinum?

 

If DE is set on creating an economy with platinum as the medium, there has to be a mechanism that hampers the rate at which platinum is injected into the game's economy. I say this not only for the interest of DE, but also the player. The game is still only in beta, and I have seen people in forums who play the PC version, who have already made 1000’s of platinum simply trading unwanted primes. While I disagree with the trading of primes for many reasons (and I’ve seen a few threads on here already discussing this), if this is something that is here to stay, the necessary ejection of platinum through the purchase of platinum goods provided in DE’s market (not trading) will eventually become ineffective. This is because the trade of primes will lead to such a build-up of platinum that the value we have for it and anything you can purchase with it will be reduced to nothing. Although an extreme case, it is still a possibility if this has not been considered. Yes, the initial build-up of platinum will mean profit for DE, but in the end, the need to purchase platinum with cash will be rendered pointless if I can sell any old mod to someone who has tens of thousands of platinum to splash out willy-nilly from selling primes.

 

Surely if you create a market where the currency decreases in value, prices increase to reflect this?

 

Yes, people will begin to actually sell their mods for the stupid prices you see in the chat “wts maxed serration, 600pl!”, but will the prices in DE’s market e.g. for catalysts and reactors, skins, slots, colour packs, warframes, weapons, and so on inflate with this? How could DE possibly regulate these prices accurately? And by the time they have, people may have already bought enough catalysts and reactors to upgrade all the weapons and warframes they have acquired with their riches, thus the aim to progress legitimately in the game has vanished. Also DE, please consider this seeing as you continue to whack out 1000 platinum to several winners every stream you do. I know this is a drop in the ocean compared to what is currently being bought by the thousands of players, but this problem starts somewhere and you have to think long-term if you plan on developing a solid game with a solid economy.

 

Further Reading: Quantitative Easing

[tveeggad]

NO.

[Alighierian]

600p is not a stupid price for max serration. it was like that before the leg. cores.

 

and do realise people also spend plat in the market, it doesn't all go to trades

 

 

and plat as tax? really? I want to get some plat to buy an immortal skin or a catalyst and I have to pay some MORE plat? right.

[SALE94]

Nope

[Tsunero]

Nope nope nope, the credit tax is enough, it's expensive already if you trade lvl 10 rare mods, or a legendary core...

[(PSN)MatangoMushrooms]

No freaking way, please. So if I want to give a member of my clan platinum for winning a contest, they'd have to pay platinum to receive it?

 

This would be a great way to make me hate the trading system more than I already do, with its caps lock, arguing, spam and other screaming nonsense. The only pleasure I get out of the entire system is giving mods away to people and using the kiosks for contests. The rest is all noise, to me.

Edited March 19, 2014 by (PS4)MatangoMushrooms

[Aggh]

No.  If anything I'd prefer to see the credit taxed removed.  It doesn't push trade prices down, it just moves bigger sales outside of the trading system.

[LoGicMoTion]

No.

Shame on you.

[SALE94]

Ps4

14 mart 2014.

Thats all.

Edited March 18, 2014 by SALE94

[(PSN)MatangoMushrooms]

Ps4

14 mart.

Thats all.

?

[(PSN)Darkrai848]

NOOOOOOOOOOOO,  and did I forget to say NOOOOOOO!

[(PSN)ThisisMrBurns]

I get what you're saying. What my point is if so much plat builds up in the game, the value we have for everything we can buy from the market with platinum becomes worthless. It becomes so easy to buy, that any sense of achievement in working towards building a warframe, or grinding for those formas, and other resources is lost. Could anyone see how it might break the game?

 

And for the clan prize, yes that makes sense. But another idea of mine is to give clans the ability to host tournaments, maybe prizes for this would be exempt?

[Aggh]

600p for serration?  Must be a ps4 thing.  It's 2-300 for a maxed serration last I checked :|

 

I get what you're saying. What my point is if so much plat builds up in the game, the value we have for everything we can buy from the market with platinum becomes worthless. It becomes so easy to buy, that any sense of achievement in working towards building a warframe, or grinding for those formas, and other resources is lost. Could anyone see how it might break the game?

 

And for the clan prize, yes that makes sense. But another idea of mine is to give clans the ability to host tournaments, maybe prizes for this would be exempt?

No.  Grinding is just a time sink.  Allowing people to pay to bypass grind not only has been part of the game since the beginning, it's a perfectly acceptable business model and is part of why warframe can make money without being p2win.

Edited March 18, 2014 by Aggh

[Llyssa]

Firstly, you cannot trade free plat. That's a rule they've been very firm on. So the 1k gifts are irrelevant.

 

Secondly, where is this magical platinum fountain you're talking about? It doesn't materialize out of thin air. It goes into the economy when someone purchases it with real-life cash, and goes out of the economy if someone buys something from the store. It's not "real" money where just trading it over and over creates more from the magic of investment returns and credit fictions. It's an actual currency with an actual limit, and it drains out of the economy in a regular fashion already.

 

Yes, some people have amassed fortunes through trading. Good for them. They are not destroying the economy in any sense.

 

Your proposal serves no purpose. It would discourage platinum trading--if it costs plat to trade plat, you have to buy plat to even start trading. Even if you have plat, the prices would inherently go up, as people want to make back the amount they'll lose by making the trade. So everything becomes more expensive from the actual cost of trading increasing, AND it becomes more expensive because fewer people actually can/want to trade.

 

This would cause a decrease in platinum sales, as there would be less demand for it--with trading being a pointlessly expensive endeavour, it's easier to just farm for whatever you want. There's no longer incentive to trade, so there's no longer incentive to have any plat beyond what you need for what you wanted to buy, and if you have none at all, you can forget ever acquiring whatever you had your heart set on.

 

The idea that prime trading would make prices fall through the floor makes NO sense. Yes, a few people have amassed a lot of platinum that way. However, if we're assuming that all people have tons of plat(which seems to be your conclusion from this), all prices would INCREASE anyway, as you're now aware that more people have more plat available to spend on your items.

 

So this increases what's happening naturally, decreases what DE needs, and makes everyone unhappy in the long run. Absolutely, positively, no point whatsoever.

 

Lastly, quantitative easing is one of the absolute dumbest economic theories ever created. It shouldn't be used anywhere, ever. Citing it as an inspiration kind of sums up what's wrong with your whole perception.

 

TL;DR: NO.

[vasRayya]

Hell no.

[zerogear5]

anything ever released will go down in value when it can be earned in game.

[(PSN)fingernageldreck]

-1 OP

Dont like the idea

[quan256]

[(PSN)fingernageldreck]

But what about a platinum tax for bad suggestions?

[PsychShaman]

I would like to have the option to pay a plat tax instead of a credit tax. 24,000 credits for 3 Rare 5 cores adds up quickly. I'd rather pay 1-3 plat.

All I'm saying is I would like the option to pay with plat or credits as I know most people would choose credits.

Edited March 18, 2014 by PsychShaman

[SALE94]

?

 

That means he is rather new, and his judge in wf is questionable that is most polite way too say it.

[(PSN)ThisisMrBurns]

600p for serration?  Must be a ps4 thing.  It's 2-300 for a maxed serration last I checked :|

 

No.  Grinding is just a time sink.  Allowing people to pay to bypass grind not only has been part of the game since the beginning, it's a perfectly acceptable business model and is part of why warframe can make money without being p2win.

I know, but for those who have put in the time to grind, it seems like a slap in the face when the game gets to a point when you can just buy the warframe or weapon with platinum you can get pretty easily.

 

Firstly, you cannot trade free plat. That's a rule they've been very firm on. So the 1k gifts are irrelevant.

 

Secondly, where is this magical platinum fountain you're talking about? It doesn't materialize out of thin air. It goes into the economy when someone purchases it with real-life cash, and goes out of the economy if someone buys something from the store. It's not "real" money where just trading it over and over creates more from the magic of investment returns and credit fictions. It's an actual currency with an actual limit, and it drains out of the economy in a regular fashion already.

 

Yes, some people have amassed fortunes through trading. Good for them. They are not destroying the economy in any sense.

 

Your proposal serves no purpose. It would discourage platinum trading--if it costs plat to trade plat, you have to buy plat to even start trading. Even if you have plat, the prices would inherently go up, as people want to make back the amount they'll lose by making the trade. So everything becomes more expensive from the actual cost of trading increasing, AND it becomes more expensive because fewer people actually can/want to trade.

 

This would cause a decrease in platinum sales, as there would be less demand for it--with trading being a pointlessly expensive endeavour, it's easier to just farm for whatever you want. There's no longer incentive to trade, so there's no longer incentive to have any plat beyond what you need for what you wanted to buy, and if you have none at all, you can forget ever acquiring whatever you had your heart set on.

 

The idea that prime trading would make prices fall through the floor makes NO sense. Yes, a few people have amassed a lot of platinum that way. However, if we're assuming that all people have tons of plat(which seems to be your conclusion from this), all prices would INCREASE anyway, as you're now aware that more people have more plat available to spend on your items.

 

So this increases what's happening naturally, decreases what DE needs, and makes everyone unhappy in the long run. Absolutely, positively, no point whatsoever.

 

Lastly, quantitative easing is one of the absolute dumbest economic theories ever created. It shouldn't be used anywhere, ever. Citing it as an inspiration kind of sums up what's wrong with your whole perception.

 

TL;DR: NO.

 

Firstly, I did not know that, thank you for letting me know.

 

Secondly,I think you've missed my point a little. I'm saying it will get to a point where the market will not be enough to eject this platinum fast enough considering the amount of platinum people are buying to trade primes. This is why I'm saying I disagree with the trading of primes, the repercussions of creating a market with a platinum for primes motive may break the game. I know the impact platinum tax would have, so feel free to suggest any other way to eject this platinum from the market. Mine was simply an idea, clearly unpopular haha.

 

Your point about decreasing the demand for platinum if there is a tax. You have to weigh out the demand drop resulting from me not purchasing my own platinum to buy something from the market (many others too) and simply trading it from someone who already has it, and the demand drop as result of the tax. Lets face it, even if there is a tax, people are still gonna trade and buy platinum.

 

Yes, quantitative easing is stupid, which is why I've mentioned it. Just to put things in perspective. Look at the case for Zimbabwe, or historically Germany. Platinum is in fact being created from thin air. An if market prices don't change for this, then it will break the economy quite clearly. That's my point. I know this is an extreme case but I am putting it into context. I'm concerned for the future of the game, seeing as this is already starting and we are only in beta.

Edited March 18, 2014 by (PS4)ThisisMrBurns

[(PSN)ThisisMrBurns]

anything ever released will go down in value when it can be earned in game.

Very true, but considering the nature of the game, and that this is not simply a one off game you buy from the shops and a continuously growing game, maybe devaluation should be slowed down somehow? Even if it does happen, it shouldn't happen too soon.

[NikolaiLev]

NO.

 

Wow.  Why would we want a platinum tax?  Platinum exits the economy by spending it in the market.

 

This is not necessary.

[(PSN)ThisisMrBurns]

That means he is rather new, and his judge in wf is questionable that is most polite way too say it.

The date I became a member, not the date I started showing an interest in the game. I understand where you're coming from though.

Edited March 18, 2014 by (PS4)ThisisMrBurns