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 Post subject: Re: WTB Kraken Club
PostPosted: Fri Mar 15, 2019 3:01 pm 
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Joined: Wed Dec 06, 2017 2:35 pm
Posts: 2629
exelyon wrote:
Wolffhardt wrote:
exelyon wrote:

Hmm, never been a force on the AH, never did consistent bubu, hasnt been around THAT long...Unless their bazaar mule is secretly fractal, that's interesting for someone so unknown to have so much gil.



He was banned, and remade last year. He leveled a craft to 100 basically immediately upon coming back, and.... I'm not sure where he sells his wares to have 100m.


I know he has a 100 craft, he just doesnt use it. You happen to know who his first set of characters were?


Pretty sure he was Trinabear.

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 Post subject: Re: WTB Kraken Club
PostPosted: Fri Mar 15, 2019 3:06 pm 
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Joined: Wed Mar 02, 2016 8:37 pm
Posts: 565
Wolffhardt wrote:
exelyon wrote:
Wolffhardt wrote:


He was banned, and remade last year. He leveled a craft to 100 basically immediately upon coming back, and.... I'm not sure where he sells his wares to have 100m.


I know he has a 100 craft, he just doesnt use it. You happen to know who his first set of characters were?


Pretty sure he was Trinabear.



Ah, that was getting interesting, but I have no idea who that is. Maybe someone else will.


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 Post subject: Re: WTB Kraken Club
PostPosted: Fri Mar 15, 2019 3:09 pm 
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Posts: 2629
exelyon wrote:
Wolffhardt wrote:
exelyon wrote:

I know he has a 100 craft, he just doesnt use it. You happen to know who his first set of characters were?


Pretty sure he was Trinabear.



Ah, that was getting interesting, but I have no idea who that is. Maybe someone else will.



:shrug: oh well, I guess.

_________________
Kazen wrote:
...TopShelf told Nas to roll back all your ZNM gear, do the gilpocalypse and nerf Fishing/RNG into the ground.


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 Post subject: Re: WTB Kraken Club
PostPosted: Fri Mar 15, 2019 4:25 pm 
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Joined: Sun Jun 17, 2018 11:24 pm
Posts: 767
Wolffhardt wrote:
That's all nice. I basically think most of this is wrong, but I also stopped caring at some point last night.

If I buy 20 behemoth hides to make dusk gloves +1, I've spent 10 mil to do it. There's no equation to figure that out for a KC.

Yes, but the behemoth hide price is just as arbitrarily set as the KC price. If when you killed KB he dropped 100 of the things then dusk gloves +1 would be significantly cheaper because behemoth hides would be significantly cheaper. The cost of behemoth hides is entirely due to the level of supply, effort involved in getting them, and end utility they provide.

Which is exactly the same as a Kraken Club.

You make more off the HQ due to the additional rarity, time involved in getting a craft to 100, etc. - but this again is primarily based on time spent. You said earlier you can't quantify people's time, but that's fundamentally what it costs to level a craft and to get an HQ item. Nearly everything you use when leveling a craft could be personally farmed, which is a matter of time. If you can't quantify it for KC, then you can't quantify it for behemoth hides, which ultimately means you can't quantify it for Dusk Gloves +1, despite time being one of the two primary drivers of cost in both cases.

It doesn't matter if someone shows up to the OWNM once and kills it in 7 minutes and gets the drop, in the same way it doesn't matter if I show up in the Labyrinth and 5 minutes later LoO pops and I get the autoclaim and drop. Market prices aren't set by individual experiences, they're set by the collective group. Big Macs aren't $100 even if someone who won the lottery with a single ticket buys them, and KCs aren't cheaper even if someone gets lucky, because neither are the rule in aggregate.

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 Post subject: Re: WTB Kraken Club
PostPosted: Fri Mar 15, 2019 4:53 pm 
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Joined: Mon Nov 12, 2018 1:09 am
Posts: 333
cthalupa wrote:
Wolffhardt wrote:
That's all nice. I basically think most of this is wrong, but I also stopped caring at some point last night.

If I buy 20 behemoth hides to make dusk gloves +1, I've spent 10 mil to do it. There's no equation to figure that out for a KC.

Yes, but the behemoth hide price is just as arbitrarily set as the KC price. If when you killed KB he dropped 100 of the things then dusk gloves +1 would be significantly cheaper because behemoth hides would be significantly cheaper. The cost of behemoth hides is entirely due to the level of supply, effort involved in getting them, and end utility they provide.

Which is exactly the same as a Kraken Club.

You make more off the HQ due to the additional rarity, time involved in getting a craft to 100, etc. - but this again is primarily based on time spent. You said earlier you can't quantify people's time, but that's fundamentally what it costs to level a craft and to get an HQ item. Nearly everything you use when leveling a craft could be personally farmed, which is a matter of time. If you can't quantify it for KC, then you can't quantify it for behemoth hides, which ultimately means you can't quantify it for Dusk Gloves +1, despite time being one of the two primary drivers of cost in both cases.

It doesn't matter if someone shows up to the OWNM once and kills it in 7 minutes and gets the drop, in the same way it doesn't matter if I show up in the Labyrinth and 5 minutes later LoO pops and I get the autoclaim and drop. Market prices aren't set by individual experiences, they're set by the collective group. Big Macs aren't $100 even if someone who won the lottery with a single ticket buys them, and KCs aren't cheaper even if someone gets lucky, because neither are the rule in aggregate.


I agree with most of what you say, except, WHO controls the supply also makes a difference. If there is a monopoly in supply, then it doesn't matter how high or low the supply is, the price will be fixed at the highest price people are willing to pay. If there are multiple sellers the price will go down unless there is an agreement to lock in the price and there is enough demand to keep everyone happy with the agreement.

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 Post subject: Re: WTB Kraken Club
PostPosted: Fri Mar 15, 2019 5:01 pm 
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Joined: Sun Jun 17, 2018 11:24 pm
Posts: 767
mello wrote:
I agree with most of what you say, except, WHO controls the supply also makes a difference. If there is a monopoly in supply, then it doesn't matter how high or low the supply is, the price will be fixed at the highest price people are willing to pay. If there are multiple sellers the price will go down unless there is an agreement to lock in the price and there is enough demand to keep everyone happy with the agreement.


A pre-00s De Beers situation definitely changes things.

But there are multiple sources of KC and behemoth hides (and the resulting dusk gloves), no monopoly across all sources (and indeed competition across all sources), so I dunno if it matters much for the sake of this argument.

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 Post subject: Re: WTB Kraken Club
PostPosted: Fri Mar 15, 2019 5:02 pm 
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Joined: Wed Dec 06, 2017 2:35 pm
Posts: 2629
cthalupa wrote:
Wolffhardt wrote:
That's all nice. I basically think most of this is wrong, but I also stopped caring at some point last night.

If I buy 20 behemoth hides to make dusk gloves +1, I've spent 10 mil to do it. There's no equation to figure that out for a KC.

Yes, but the behemoth hide price is just as arbitrarily set as the KC price. If when you killed KB he dropped 100 of the things then dusk gloves +1 would be significantly cheaper because behemoth hides would be significantly cheaper. The cost of behemoth hides is entirely due to the level of supply, effort involved in getting them, and end utility they provide.

Which is exactly the same as a Kraken Club.

You make more off the HQ due to the additional rarity, time involved in getting a craft to 100, etc. - but this again is primarily based on time spent. You said earlier you can't quantify people's time, but that's fundamentally what it costs to level a craft and to get an HQ item. Nearly everything you use when leveling a craft could be personally farmed, which is a matter of time. If you can't quantify it for KC, then you can't quantify it for behemoth hides, which ultimately means you can't quantify it for Dusk Gloves +1, despite time being one of the two primary drivers of cost in both cases.

It doesn't matter if someone shows up to the OWNM once and kills it in 7 minutes and gets the drop, in the same way it doesn't matter if I show up in the Labyrinth and 5 minutes later LoO pops and I get the autoclaim and drop. Market prices aren't set by individual experiences, they're set by the collective group. Big Macs aren't $100 even if someone who won the lottery with a single ticket buys them, and KCs aren't cheaper even if someone gets lucky, because neither are the rule in aggregate.



I think that’s a fairly large oversimplification of the issue, which I guess is fine on the forums. Either way, someone that got a KC for 15 minutes of work is far less attached and far more likely to take a good, not great, offer than someone who leveled a craft to 100, and then spent the time HQing a T0 synth.

The price is largely dictated by how stubborn the seller is if you’re selling something to such a small audience.

But like I said, I’d prefer not to talk about market economics on a forum where I also play a role in some of the markets. I don’t care that much anymore, but I think trying to compare the two isn’t really right. That’s all.

_________________
Kazen wrote:
...TopShelf told Nas to roll back all your ZNM gear, do the gilpocalypse and nerf Fishing/RNG into the ground.


Image


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 Post subject: Re: WTB Kraken Club
PostPosted: Fri Mar 15, 2019 6:53 pm 
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Joined: Thu Mar 03, 2016 1:07 pm
Posts: 424
Wolffhardt wrote:
exelyon wrote:
Wolffhardt wrote:


He was banned, and remade last year. He leveled a craft to 100 basically immediately upon coming back, and.... I'm not sure where he sells his wares to have 100m.


I know he has a 100 craft, he just doesnt use it. You happen to know who his first set of characters were?


Pretty sure he was Trinabear.



His character's jobs were deleveled to 20 and his name was changed. He retained all of his gear and gil. He has three crafts at 100 IIRC.

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 Post subject: Re: WTB Kraken Club
PostPosted: Fri Mar 15, 2019 7:01 pm 
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Joined: Mon Nov 12, 2018 1:09 am
Posts: 333
Aperture wrote:
Wolffhardt wrote:
exelyon wrote:

I know he has a 100 craft, he just doesnt use it. You happen to know who his first set of characters were?


Pretty sure he was Trinabear.



His character's jobs were deleveled to 20 and his name was changed. He retained all of his gear and gil. He has three crafts at 100 IIRC.


That sounds like a good deal....keeping all gear and gil that he exploited. levels mean nothing when 1-75 takes a week or two.

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In-game name: Mello


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 Post subject: Re: WTB Kraken Club
PostPosted: Fri Mar 15, 2019 7:03 pm 
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Joined: Mon Nov 12, 2018 1:09 am
Posts: 333
Wolffhardt wrote:
cthalupa wrote:
Wolffhardt wrote:
That's all nice. I basically think most of this is wrong, but I also stopped caring at some point last night.

If I buy 20 behemoth hides to make dusk gloves +1, I've spent 10 mil to do it. There's no equation to figure that out for a KC.

Yes, but the behemoth hide price is just as arbitrarily set as the KC price. If when you killed KB he dropped 100 of the things then dusk gloves +1 would be significantly cheaper because behemoth hides would be significantly cheaper. The cost of behemoth hides is entirely due to the level of supply, effort involved in getting them, and end utility they provide.

Which is exactly the same as a Kraken Club.

You make more off the HQ due to the additional rarity, time involved in getting a craft to 100, etc. - but this again is primarily based on time spent. You said earlier you can't quantify people's time, but that's fundamentally what it costs to level a craft and to get an HQ item. Nearly everything you use when leveling a craft could be personally farmed, which is a matter of time. If you can't quantify it for KC, then you can't quantify it for behemoth hides, which ultimately means you can't quantify it for Dusk Gloves +1, despite time being one of the two primary drivers of cost in both cases.

It doesn't matter if someone shows up to the OWNM once and kills it in 7 minutes and gets the drop, in the same way it doesn't matter if I show up in the Labyrinth and 5 minutes later LoO pops and I get the autoclaim and drop. Market prices aren't set by individual experiences, they're set by the collective group. Big Macs aren't $100 even if someone who won the lottery with a single ticket buys them, and KCs aren't cheaper even if someone gets lucky, because neither are the rule in aggregate.



I think that’s a fairly large oversimplification of the issue, which I guess is fine on the forums. Either way, someone that got a KC for 15 minutes of work is far less attached and far more likely to take a good, not great, offer than someone who leveled a craft to 100, and then spent the time HQing a T0 synth.

The price is largely dictated by how stubborn the seller is if you’re selling something to such a small audience.

But like I said, I’d prefer not to talk about market economics on a forum where I also play a role in some of the markets. I don’t care that much anymore, but I think trying to compare the two isn’t really right. That’s all.


It doesn't take 15 minutes to get KC. It takes weeks/months doing TC on the clock as it pops to make sure you keep ToD and get claim no matter when that is... When RFK got KC it was at like 4:00AM EST after doing it every single day for over a month, having to use alarms to wake up to kill it and go back to sleep. Unfortunately the split goes out evenly and doesn't take effort into account, so while some people got 10mil in 15 minutes, other's have put in a lot of hours into OWNMs to get the drop.

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