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Jargon is specialized language related to a field of endeavor. Erep has it’s own jargon. Such terms as 2-clicker are universally used and understood within our own little erep world. For many of us where a word comes from is a mystery and perhaps erep is our first encounter. I wondered about Pertamaxxx which I took to mean pertinent to the max and I have heard of origin stories but wouldn’t want to say for sure. I don’t think it is an erep originating word.

In my specialized specialized world there are occurrences and techniques that need not be named because being a monetary trader does not require cooperation or language. It is in fact you against the world in a large sense. In my head I may name things but there is little need for a quick term for it until now. I find myself starting to write an article I want to explain things, I have also wanted to describe things to people who have never experienced trading but that never involved jargon. There is however jargon brought in from outside that is often misapplied. I thought I would rip up some bad ones and throw in some good ones so that you can more intelligently converse with me.

Bad terms:

Weak currency and strong currency; This actually means something in real life and is related to the rate of change. In erep all currencies are hard the closest thing to a weak currency is that is loosing all of it’s regions will loose a large and limited amount of value. In erep these terms have been used to describe the currencies based on an absolute number value relative to gold irregardless of the change.

Buying and selling; This is a frustrating misuse of English that is built into the game. When I buy groceries the grocer does not buy currency with his groceries. The shop owner sells and the customer buys. Erep does have shop owners. You buy a business and you sell your products. Erep lets each and every player have a business, you don’t even have to unlock features. If you post an offer for your currency you sell that. You do not buy the currency type that you decide to take for your offer. If you post an offer you are, “selling.” If you use someone else’s offer you are, “buying.” Correct: “I sell gold for USD;” incorrect way to say the same thing “I sell gold and buy USD.”

I have seen inflation and deflation used incorrectly to describe another phenomena that is not a change in value but I haven’t seen it be a big problem. It is however prone to misuse. CBO for example has inflated USD value in the past. CBO does place inflationary pressure on the market by introducing USD through the peg. You cannot however say that CBO through implementing a peg inflates USD.

Terms I use that are not of my origination that you should use too:

Central bank; is the org that the government trusts with taking care of the implementation of offers on the monetary market. It is usually a very identifiable entity

Arbitrage; is the often simultaneous selling both sides of a market. An example might be selling gold for currency and the same currency for gold. This does not rely on changes in a currency to make money but a difference in price that people pay to the seller as a premium. People who use this technique are quite visible and they for the most part post offers. Generally this is a lower risk approach that uses market inefficiencies to secure a smaller shorter term profit

Speculation; is the holding of a specific currency, expecting to profit off of the change in value. Such events as an expected liberation of a country or a Central bank change in policy might be viewed as events for speculation in which you acquire the currency at a low cost and wait for the market value to change, hopefully favorably.

Terms I think I came up with.

Bad offer; a general term for offers posted for various reasons, that are not intended to be bought by uninterested parties because the price is unreasonable in comparison to the market rate. Bad comes from the perspective of the buyer not the seller.

Reservations; a form of a Bad offer used with the intent that it be modified later for various reasons. One handy reason I don’t mind mentioning is that its use does help prevent costly posting errors.

Rolling offers; is a technique of lowering prices so that you can sell gold in a competitive environment. This is generally restricted to selling gold because the increments are insignificant. Splitting the amount of gold you want to sell amongst a few offers allows you to get in front of whoever else is selling in 1 minute. You cannot update an offer for 5 minutes so generally the most expensive one is the one that you can update the price on.

Penny buying attack; or almost any combination of these words describes a technique employed to hide offers for a minute to sell your offer first. If you buy 0.01 of an offer it disappears without significant investment. This may be time consuming but I have no reason to think it is not effective.

The Gap; is the percentage that could be gained for cycling through a market one time. It is a simple multiplication of the best offers on both sides of the market if USD is selling at 0.028 and gold is selling at 36 USD the gap is 1.008 for USD

The Gold increment. Refers to the large jumps of the price of a currency as can be defined by a gold value. It can also be used to refer to the inverse of the gold price possibilities as they show up in the price of Gold in terms of a currency. 1/0.028= 35.714 also significant 1/0.027 = 37.037

The Gold Gap is a constant value at any one rate of exchange. It is a cut off point significant to those who engage in arbitrage. Selling a currency can only be done at certain amounts leading many people to sell at the same amount and unable to discount without discounting a large significant percentage. The gold gap is defined by price in gold of a currency divided by price in gold of the same currency minus 0.001. USD is at 0.028 so the gold gap is 0.028/0.027= 1.037 or 3.7% It is therefore hard to imagine arbitrage being able to sell for more than a 3.7% profit on USD. The gold gap is smaller for more expensive currencies and significantly larger for less expensive currencies. 0.014/0.013= 1.077 0.042/.041= 1.024

Tight; is a way of describing a gap, for example a “tight peg” would be a peg where the gap is small, perhaps near insignificant, where profitability of arbitrage is considerably reduced through various factors.