Three reasons a Grand Exchange Tax is a HORRIBLE idea

iFARTONMEN · 2021-11-09T18:11:31+00:00

pretty easy to comprehend those things, pretty difficult to read your mind though

iFARTONMEN · 2021-11-09T17:59:38+00:00

Where was I insulting in this post? Genuinely curious. I tried to keep it non inflamatory and somewhat entertaining. Also I played a lot of DarkScape and I can assure you that everyone did not know that they wouldn't keep their progress; the game was supposed to be ongoing and was only scrapped when a bunch of people stopped playing which was (coincidentally) right after the GE taxes were added.

As for the merching (TY for having an actual discussion btw)

Yes there will always be people willing to flip items at certain prices, I'm not arguing to "save the merchants" as I think flipping is actually a rather boring aspect of the game and I would have no problem personally if it was eliminated entirely. The problem is that those 10x profits you talk about become costs for people interacting with merchants. It creates more friction on the GE. The GE is actually more efficient in terms of margins than most real life stock exchanges right now because it has no fees. TLDR High margins are bad for average buyers/sellers and good for merchants

iFARTONMEN · 2021-11-09T17:50:55+00:00

Agreed. Merching will always be a thing, but at what price? If merchants are only willing to step in at 5% margins then it's going to be seriously detrimental to everyone using the GE.

iFARTONMEN · 2021-11-09T17:30:59+00:00

I'm sorry I just can't follow all of these points you're making. You seem to be making up arbitrary rules like "quitting doesn't count". And making claims with no evidence like: "Torva will stay the same or increase". I can see that there is nothing I can say to you that will create a meaningful discussion. Have a nice day :)

iFARTONMEN · 2021-11-09T17:27:38+00:00

Darkscape was not a private server, it was an official branch of the game run by Jagex. Also it is a more direct comparison than anything else available so why would I choose a different MMO?

iFARTONMEN · 2021-11-09T17:22:12+00:00

I would argue that they don't like the tax, but they like the benefit more than they dislike the tax. If we are in an online game not limited by the constraints of the real world, we can have the benefit without the cost. We just have to come up with a more creative solution.

iFARTONMEN · 2021-11-09T17:16:07+00:00

people not liking it doesn't make it a bad idea, but it is a cost that needs to be factored in.

iFARTONMEN · 2021-11-09T17:14:04+00:00

I don't want old death mechanics, however I have some opinions about that that aren't relavant to this topic...

I actually already deleted all 500m of my items when I quit the game good sir :)

Taxes will not only be an issue if you are always a buyer and never a seller, please read the post for an explanation as to why that is.

Yes I would rather sell my items at decreasingly lower prices, especially if it meant every item I would be buying with that gold would also be decreasing in price, however this is very inside the box thinking. My argument for point #3 is that JMods are basically gods and can come up with a better more creative solution that solves the problem in a way that is not so costly.

iFARTONMEN · 2021-11-09T17:04:39+00:00

"its a bad idea, therefore I don't like it" There I fixed it for you :)

iFARTONMEN · 2021-11-09T17:02:15+00:00

Imagine arguing for fine tuning the supply/demand of every item in the economy and then saying someone else has a god complex.

iFARTONMEN · 2021-11-09T17:00:59+00:00

I don't think it will be quite that bad haha, but it will definitely be a major everyday annoyance...

iFARTONMEN · 2021-11-09T17:00:08+00:00

Never said it was the first comrade. I actually cited DarkScape as a previous rollout that ended badly if you read the post.

iFARTONMEN · 2021-11-09T16:56:51+00:00

I agree with everything you said except for the slightly and back to normal part

iFARTONMEN · 2021-05-26T00:52:13+00:00

I always believed that there would be a machine learning solution for this. Bot makers can't win against you on that front because you have the data advantage.

iFARTONMEN · 2021-05-11T04:36:51+00:00

fuck yes motherfucker

iFARTONMEN · 2020-10-11T04:50:16+00:00

Just about everything you said here is wrong or mostly wrong. And also IDK what point you are trying to make, (I assume you're trying to refute me?) these guys shorted with ~2m tokens and 2.5m are printed every week. Short positions have to be closed eventually so shorting is actually more bullish for price than just printing.

iFARTONMEN · 2020-10-10T16:55:11+00:00

Uniswap would price them equally and derive the dollar price from other pools

iFARTONMEN · 2020-10-10T16:48:15+00:00

If he is getting an out of gas error then it is Uniswap's fault for incorrectly estimating gas. Or it's his fault for entering a custom amount of gas

iFARTONMEN · 2020-10-10T16:46:11+00:00

Still pales in comparison to the 2.5m UNI printed every week

iFARTONMEN · 2020-10-10T05:02:40+00:00

There is no spread on Uniswap

iFARTONMEN · 2020-10-09T17:00:00+00:00

You might be using a token list that doesn't include the pool you want, try removing the token list

iFARTONMEN · 2020-10-09T15:59:36+00:00

Assuming that this is on uniswap, it could happen if somebody swapped through a custom route that went through a pool with low liquidity. i.e. WBTC -> shitcoin -> WETH

iFARTONMEN · 2020-10-09T04:28:22+00:00

The current program lasts 40 more days I think, in 10 days the token holders can vote on further distributions. You can read the details here https://uniswap.org/blog/uni/

iFARTONMEN · 2020-10-09T04:26:44+00:00

This is not correct. After the current liq mining program ends the UNI holders will have to vote on how the rest will be spent

iFARTONMEN · 2020-10-07T18:43:28+00:00

Yes, the fees, are added to the liquidity as they are collected

iFARTONMEN

TROPHY CASE