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  • Keith
  • Member Since Sep 27th, 2005

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Recent Comments:

Gold Capped: Competition in tailoring {WoW}

Apr 12th 2011 6:09AM Yes, Basil, you're still wrong about heavy undercutting. If I heavily undercut the glyph market on my server, I'll come back in 12 hours to find all my glyphs undercut 5 or 6 times, and (naturally) unsold. By regularly cancel/relisting, I can sell glyphs for 200g+ each. By listing them for 12 or 24 hours, no matter how much I undercut by, I'll come back to mostly unsold glyphs (just selling the ones I get lucky on in the first few minutes). If I undercut heavily, all I accomplished was reducing my profits on the few I sold.

You're also wrong about your lack of morals. If you have an agreement, then secretly breaking it is dishonourable. If you think price-fixing is so bad, just refuse their offer.

Gold Capped: Competition in tailoring {WoW}

Apr 11th 2011 6:15PM I prefer it in its original form - "Greed, for the want of a better word, is good". Gordon Gecko was the bad guy, not the good guy.

Incidentally, I don't think 'ergo' means what you think it means. It implies a logical construction you simply didn't supply. The phrase "Gold Capped" says nothing about morality, so there's no 'therefore' to your argument.

Gold Capped: Competition in tailoring {WoW}

Apr 11th 2011 5:57PM Two things - one, on my server at least, if you don't cancel/relist your glyphs regularly, you'll get them all back unsold. There's absolutely no money to be made from posting them and leaving them for any length of time. This isn't an assumption; I've tried it.

Two, the "anonymous alt" thing is a shitty thing to do. I hope the fake gold makes the low-life tactics worth it for you. I'm just surprised at WoW Insider promoting such behaviour.

Gold Capped: How much should you undercut? {WoW}

Apr 4th 2011 4:24PM There have been several articles by Basil about undercutting, and the vibe I get is "undercut by a large amount unless you know different". I think this is back to front. Unless you know for definite that the market is overpriced, don't undercut by a lot. Unless you have a good reason to suspect otherwise, you're just cutting your profits (and everybody else's)

The other thing, of course, is that you have to overcome not only a smaller margin, but higher costs in time. Making and selling more things at lower cost takes longer.

Gold Capped: How much should you undercut? {WoW}

Apr 4th 2011 11:00AM "The old adage is that price is the balance of supply and demand"

Well, no. Each price has its own supply and its own demand. The demand for Vial of the Sands at 1g is massive, but the supply is zero. The supply for it at 200k is almost massive, but the demand is zero. The market clearing price is the equilibrium point where supply matches demand.

I do wish you'd stop blindly advocating massive undercutting, though. WoW markets are not like the real world. You can only spend your gold in WoW, and you don't get to cash it out when you leave. This means people with lots of gold simply don't value it as highly as they would real money. There is massive inelasticity of demand on certain items - raid consumables five minutes before your raid starts, for example, or the healer glyphs you need for your new dual spec but don't want to wait for. Undercutting from 120g to 60g will increase the number sold, but for many items (a one-off glyph purchase, for example) it won't increase it nearly as much as you'd think. For many people with a comfortable amount of gold, that 60g is well worth paying to not have to swim in the /2 swamp to find a scribe.

Addon Spotlight: From raid leader tools to Ask the Devs discussion {WoW}

Apr 1st 2011 2:47PM @Stella

Addons can write to the chat box. They are, however, forbidden from writing a request for donations, even though it is possible for them to do so. So your whole argument falls.

The Queue: Narokath Santak Chatturg'ha {WoW}

Apr 1st 2011 12:58PM The more obvious solution would be to only give XP from pools.

Gold Capped: Milling and prospecting changes ahead? {WoW}

Mar 31st 2011 5:10PM The funny thing about the glyphs changes was that although people only need to buy each glyph once now, that means they're willing to pay a lot more for each one. Instead of selling a lot of glyphs at 13g each, I've concentrated on only selling the highest-priced glyphs. The highest I've ever got is 330g. I've sold many, many glyphs at 200g+

The Light and How to Swing It: Gearing your tankadin for raids {WoW}

Mar 27th 2011 5:34PM Blizzard's grammar is correct - it should indeed be Throngus's.

Drama Mamas: Vent troubles vs. That Guy {WoW}

Mar 25th 2011 4:08PM It's not possible to prepare for an impromptu raid, and if they won't wait for him to fix vent, and won't wait to explain it in chat, then they're not going to wait for him to watch a video. And even if what you say had any validity, which it doesn't, then it still wouldn't be justified for the raid leader to "blow his stack", and I'm surprised at WoW Insider for justifying verbal abuse/bullying.

Incidentally, using "newsflash" like that never makes you look good.