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  • marcaias
  • Member Since Jun 21st, 2008

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Recent Comments:

Gold Capped: Quick Auctions Poster does the undercutting for you {WoW}

Sep 27th 2010 2:07AM This outrage is quite surprising to me, because if you think about it for even a minute, you realize that this addon is incredibly GOOD for your realm's economy, UNLESS you make gold (as I do, and many others do) by exploiting inefficiencies in it. What it does is eliminate the possibility of arbitrage in the market (i.e., selling above the market price).

Imagine if two sellers selling a relatively rare and valuable enchant, say Pigslayer. What often happens usually is that such an enchant sells for well above its market price, as long as there are few enough sellers to undercut each other: I may post a scroll for 450g. In response, half a day later, my opponent might decide he's willing to sell a scroll for 440g. I respond to this later by undercutting him, and this process repeats until the market price is reached. But this process is usually SLOW in the Auction House, and this slowness is precisely how big-shot Auction House players reach the goldcap.

Now imagine if both sellers had this addon at their disposal: their Pigslayer scrolls would almost IMMEDIATELY drop to their proper market price, rather than stay at arbitrarily high prices for long periods of time. This is GOOD for the economy, since arbitrage is a result of market inefficiency.

For whom this addon is BAD are people like me who make gold in exactly this way. I don't WANT my Pigslayer scrolls to drop in price too quickly, precisely because there is so much gold to be made in keeping prices artificially high, which this addon would eliminate for me.

Proceed to rate me down, though.

Bill Gates Leaving His Fortune to Charity, Not His Kids {Switched}

Jun 21st 2008 10:29AM > i mean it's kinda like saying ur dad loves the homeless more then he does u.

Isn't this—more or less—the ideal we're supposed to aspire to in a Western, Christian society? Perhaps replacing "more than" with "as much as".