[Canada's Economy] New Changes From A Beginner's POV
Day 2,578, 18:25
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Published in Canada 
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by
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by please delete mee
A QUICK NOTE BEFORE WE START
You may be wondering where the eCanadian Gaming Tourney has gone. Well I have been rather busy lately and I have been just two-clicking. The tourney should be back up this weekend so get ready!
THE REAL DEAL
Now normally my articles are cheerful articles either telling everyone to stop fighting and hug each other, or about how awesome eCanada is, or about the currently running eCanadian Gaming Tourney.
So face it. Economics isn't really my thing. But anyways, I decided to give it a try and here you are.
On Day 2576, 2 days from today, the eRepublik Team made a announcement saying that as of Day 2610, Freedom Fighter, Mercenary Medals and True Patriot medals will not longer you the 5 gold - they would instead give you 1000 currency.
Now at first this sounded ok because at that time, you could buy 1 gold for about 200 CAD - so you could just trade your CAD for gold.
But then, it was realized that this was just a plan to make more money.
But how? Here's why.
#1: People (like me) used to use the gold (especially from FF and TP) to build up training grounds and upgrade my food factories/weapon factories. But, now with that new change, people will no longer get gold.
#2: But we still need to upgrade stuff. So the demand for gold will rise as people trade their currency in for gold. More people will buy gold and less will sell it.
#3: Gold prices will skyrocket as people change currency for gold and gold becomes less available as gold is turned into the form of companies and training grounds. At the same time, currency's value will drop through the floor as 1000 dollars is added to the system each time someone wins a FF/TP.
#4: Marketplace? The marketplace might go up as well as people have more currency (for buying stuff), yet less gold (for producing stuff). The people get more money to buy stuff but there aren't enough people to produce stuff. Therefore, food/wep prices may rise as people want to buy food but producers can't produce enough.
THE END RESULT?
-The "oldies" of eRepublik will not suffer much harm as their systems (companies, TG's) have usually been designed to be self-sufficient.
-The beginners (like me) will suffer the most as they cannot get enough gold from Super Soldier/Hard Worker and monetary market prices are too expensive. Also, they will not be able to afford marketplace prices either.
-Overall Strength Gain will be affected as some people depend on their monthly (or so) gold revenue to buy training contracts and train.
-Beginners will be driven off as they discover how hard it is to make a living in the eWorld/be self-sufficient.
-Monetary Market will undergo a drastic change (something like 1 Gold for 500 CAD and 525 CAD for 1 Gold)
SO THE REAL PURPOSE OF THIS CHANGE...
Make more money! As gold becomes rarer and rarer, more people will be driven to buy gold. As simple as that.
If you've got anything to say or something to correct me on (as this is my first economics article), say it in the comments!
Thanks for reading! Vote! Share! Subscribe! And maybe endorse too. I need the money to buy gold and stockpile it.
Shoutout to Aries Prime for his article on the same subject, equally awesome and easy to understand!
http://www.erepublik.com/en/article/finance-changes-for-the-plebeian-2476959/1/20
You may be wondering where the eCanadian Gaming Tourney has gone. Well I have been rather busy lately and I have been just two-clicking. The tourney should be back up this weekend so get ready!
THE REAL DEAL
Now normally my articles are cheerful articles either telling everyone to stop fighting and hug each other, or about how awesome eCanada is, or about the currently running eCanadian Gaming Tourney.
So face it. Economics isn't really my thing. But anyways, I decided to give it a try and here you are.
On Day 2576, 2 days from today, the eRepublik Team made a announcement saying that as of Day 2610, Freedom Fighter, Mercenary Medals and True Patriot medals will not longer you the 5 gold - they would instead give you 1000 currency.
Now at first this sounded ok because at that time, you could buy 1 gold for about 200 CAD - so you could just trade your CAD for gold.
But then, it was realized that this was just a plan to make more money.
But how? Here's why.
#1: People (like me) used to use the gold (especially from FF and TP) to build up training grounds and upgrade my food factories/weapon factories. But, now with that new change, people will no longer get gold.
#2: But we still need to upgrade stuff. So the demand for gold will rise as people trade their currency in for gold. More people will buy gold and less will sell it.
#3: Gold prices will skyrocket as people change currency for gold and gold becomes less available as gold is turned into the form of companies and training grounds. At the same time, currency's value will drop through the floor as 1000 dollars is added to the system each time someone wins a FF/TP.
#4: Marketplace? The marketplace might go up as well as people have more currency (for buying stuff), yet less gold (for producing stuff). The people get more money to buy stuff but there aren't enough people to produce stuff. Therefore, food/wep prices may rise as people want to buy food but producers can't produce enough.
THE END RESULT?
-The "oldies" of eRepublik will not suffer much harm as their systems (companies, TG's) have usually been designed to be self-sufficient.
-The beginners (like me) will suffer the most as they cannot get enough gold from Super Soldier/Hard Worker and monetary market prices are too expensive. Also, they will not be able to afford marketplace prices either.
-Overall Strength Gain will be affected as some people depend on their monthly (or so) gold revenue to buy training contracts and train.
-Beginners will be driven off as they discover how hard it is to make a living in the eWorld/be self-sufficient.
-Monetary Market will undergo a drastic change (something like 1 Gold for 500 CAD and 525 CAD for 1 Gold)
SO THE REAL PURPOSE OF THIS CHANGE...
Make more money! As gold becomes rarer and rarer, more people will be driven to buy gold. As simple as that.
If you've got anything to say or something to correct me on (as this is my first economics article), say it in the comments!
Thanks for reading! Vote! Share! Subscribe! And maybe endorse too. I need the money to buy gold and stockpile it.
Shoutout to Aries Prime for his article on the same subject, equally awesome and easy to understand!
http://www.erepublik.com/en/article/finance-changes-for-the-plebeian-2476959/1/20
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Comments
excellent POV article. It really is a sad state of affairs....
Glad to hear the gaming tournament is still on!
As for the rest of the article, you are dead on about the state of affairs in eRepublik where the rich get richer (old players) and the poor get poorer (newer players). It's baffling to me how unfriendly eRep is to new citizens when the game desperately needs new people to sign on, but through this we can see how Plato is running his business. He panders exclusively to the older player tankbots who continuously feed him money for some arcane reason and he could care less about the experience for new players unless they want to spend lots of money for him to speed up their journey to tankbot
Some one needs to teach you how to properly use your Training Grounds...
o7
Beat me to the punchline of this one. I have a slightly different analysis but same conclusions.
Good stuff.
Plato's getting smarter so the game is getting harder. Isn't that good news? We wouldn't want to play a game that got progressively easier over time.