I'd much rather keep the EXP market in the hands of the players. We don't need the server printing money to keep the EXP market in check. That just reduces the amount of money that can be printed in other areas. I'd rather go for a demand based solution such as adding more ways to spend EXP - https://www.ecocitycraft.com/forum/threads/suggestion-add-more-ways-to-spend-exp.143435/ - I believe the problem lies with demand, not supply.

 

Firstly, when printing money - All you're doing is just decreasing the ability for the server to create money - The administration will notice that more money is being created, so they'll try to limit it by taking more out in other areas - I don't want more money being taken out when there's a way around that - All it just does it hurt the economy.

If you took a look at mine and @Mission001's proposals, they offer a vast amount of different ways to spend EXP - Something that would revive the EXP market while not printing any more money.

 

A slippery slope fallacy is when someone makes states a chain of events without provide reasoning of why that would happen - I've already provided reasoning by saying that the administration tries to keep the amount of money printed under control to in effect, reduce inflation. Things like that have been stated many times in many threads.

Yes, obviously price controls would be impractical and unrealistic on ECC, however you're suggesting to print money to upkeep the market, while we can do exactly just that without increasing the money supply - And as I've stated before, the administration will naturally try to take more money out, again, hurting the economy - And the administration might be more reluctant in creating money than they would without all the extra money creation - And I'd much rather have money be created in areas where it's more needed and there's no other alternative than in this area where there IS an alternative. There's repercussions with increasing the money supply, while there's absolutely none with increasing the incentive to buy and spend EXP.

 

EXP is useless to me. I just store it in signs, as I am sure many other players do. If this were implemented, I would break the signs and /sell hand. I am certain many would follow suit. I would still have no incentive to buy or sell EXP at this higher price; it would still be useless. I would just continue to /sell it with my mined goods, as many others would. This is just another way of printing money into the economy.

-1

EDIT: So useless that I am making max wood, stone, iron, and gold pickaxes. Why not?

 

Why force the price of EXP to rise? What does this accomplish (other than printing money)? "The exp market is not doing well at the moment." So we should force the price to go up? Is the price of what it is selling for the only consideration for when the market is doing well? Why not raise the price to $5 per orb? It would be doing better than ever then.

 

I don't think you're understanding this - Firstly, you're printing money - That should be avoided when there's other alternatives. Secondly, this won't have much as an effect on the server, as your just setting a price FLOOR - How low the price can go, instead of actually fixing the EXP and sending the price up really - Sure, it may increase the price a little, but it won't really increase the price to the point where it's a robust market again. We should be going for demand-based solutions.

This does nothing to solve the stagnant EXP market and pointlessly prints money - That's why I'm against this.

 

I don't see the market dipping any lower, which is why I think it's unneeded. EXP still is a potential player market, and I don't see why a price floor is needed, especially when there's still a player market for it. If you want a combination of the two, sure, go ahead. But I don't see the real need for a price floor.

 

Price floors are generally implemented when there is a surplus of a product (in real life, it's generally used to protect farmers and agriculture). The thing is here, the EXP market itself is inherently stable. There's no real surplus sitting in signs. People aren't gaining 100,000+ EXP on a daily basis, and if they do, it's very likely there is a buyer willing to purchase it for one reason or another. Quite honestly, this is probably the most stable I have seen the EXP market in a long time. This leads to the EXP market price is cyclical and bouncing due to changes of supply and demand - translating to a price range of around $500 - $750 per set.

With this suggestion, a price floor would benefit in the short run; all the EXP would have an outlet from shops, mining, and fishing. But, over the long run (as I believe @UnitedStates2 mentioned somewhere), it will only print money after that. If you think about it, once the EXP market stabilizes from the initial surge of the outflow, it will become like the diamond market; shops will only buy at small markups and lose business due to the convenience of the sell signs. Oh, then they just have to be competitive! Convenience is key, and I'll tell you that some people wouldn't be interested in spending the extra minute to go to a shop when they can warp to a server sign. Efficiency is the game.

I think United really hit the nail on the head here. It just doesn't make sense for a supply-side solution to be used for a demand-side problem. I'd rather see the implementation of more uses and ways to spend EXP. Why? Once people find more uses for EXP, the demand curve will shift, increasing the need for supply, and in turn driving up the price. Fixing it on the other side will do the same effect, with fewer opportunity costs than a price floor would have.

TL;DR: EXP outlets target the demand side, a price floor targets the supply side. Targeting demand will have less costs than a price floor, and would be more reasonable to implement.

 

Instead of introducing a price floor you should remove a few XP faucets, and maybe introduce more XP sinks.

The current faucets are 1, fishing; 2, mining; and 3, killing mobs.
In order of magnitude it's 1, mining; 2, fishing; and 3, killing mobs.

Almost everyone mines. This is arguably the most destructive faucet for the XP market. It should be blocked. You shouldn't obtain XP from mining.
Fishing. Fishing doesn't make much money. And XP is just a little bit extra, and I understand nobody wants to make less money. Understandably so. So to counteract the lack of XP, you might want to edit the fish prices to be higher (which will also make the star rod worthwhile. Win win, I'd say.)

And last but not least, killing mobs. This is the faucet we should use. Right now practically the only way to kill mobs is at a spawner. And this can only happen in the mining world. You have to find and set up a good spawner. While you can make a large amount of XP from a spawner. 1 person at a spawner still introduces less XP than 30 people mining. And to make things better, spawners can be destroyed. It's a faucet that can be actively controlled by the playerbase. And this is good.