New Feature: Dojodian Lottery!

[Embri]

Thanks to the unending dedication of our own Sensei, the Dojo is graced with yet another fine feature - an all new and updated Lottery!

Tickets are 250 , and drawings are held once a week. Best of luck to all our participants.

[LordPsycho]

Before the complaints commence, I have modified the system slightly. It is set up so that only half of the price of the tickets is put into the pool. This new feature serves double purpose...It's fun for you guys, and a way to increase your personal wealth, but it also takes money out of the Dojodian economy, adding a deflationary factor, thus helping to curb rampant inflation.

[Fort]

Perhaps to Curb it, a Tax of somesort is in order?

Although...what to Tax?

[LordPsycho]

There are ideas in the work to also help, this is only step two (step one being charging for restock and initial inventory)


There are soon to be features where people can by items to grant them Philanthroic Medals (basically, a donation where the money goes bye-bye), items to grant people the right to create a group, as well as (really expensive) items to grant groups and individuals their own board under blackstar.

Another idea that will probably be put into practice soon is creating it so that you have to pay X amount to start a store....this may be changed to a rent system, where you have to pay x amount per week to operate a store...else all your inventory is moved into your personal inventory and the store deletes itself.

[Embri]

PROFANITY TAX!

Yes sirs and madams, that is my personal suggestion... Net alone should help curb inflation with a Profanity Tax... and it will help enforce the PG-13 rating of the Dojo.

[Fort]

Does this include the word: "Giggity?"

[Embri]

*goes to look up "Giggity" in the Urban Dictionary*

*glares at Fort*

Yes, yes it does! Bad Fort!

*Ties a tag on Fort's antlers that reads "WARNING: EXCEEDS PG-13 RATING. APPROACH AT OWN RISK."*

[3kul]

Since when is 'giggity' a profainity? (that definition's not entirely accurate imo ) Imo it'd be too hard to decide what's a profainity and what isn't - for example, the word 'dork' is generally taken to mean a stupid, inept or foolish person, but it has other more vulgar meanings. Simply spelling things wrong would get around the tax anyways .

This whole tax thing seems kinda silly - it's not even real money we're using here. Would inflation really do anything to us?

[Embri]

Actually, yes. Inflation is a real problem, even if the economy is fake. I wasn't particularly serious about that type of tax, and you're right, "Giggity" isn't really profanity. However there are a number of evolutions in the works. Nothing in life is so constant as change!

[3kul]

But why is inflation such a problem? Sorry to sound repetitive, but nobody seems to have gone into any detail as to what would happen if the forums experienced inflation. I do have somewhat of an idea as to what inflation is, but I can't say I can see the problem myself - if everyone somehow gets more money, that just means that everyone will also charge more for their items. Doesn't that fix things?

[Embri]

Okay, I suck at economics, but I'll give this a shot:

The problem occurs because currency continues to enter the system with no
way of taking it out... in normal economies, currency is controlled by the government, and there is only so much in circulation at any one time.

Currency is a reflection of value, for in and of itself, it is not worth anything. The only reason it has value is because it can be exchanged against something else. Most currencies are self limiting because the resources they are based on are finite. The Dojo's economy is not, since it can have a potentially infinite number of currency generating posters.

As more currency enters the system, prices rise (hence, inflation) as prices rise, people do more to create more currency to buy the things they want, and the cycle repeats. Eventually, the economy can collapse if the currency becomes too devalued, since no one can buy anything anymore, except for the most wealthy.

To maintain a healthy economy, where inflation is minimal, there has to be an almost equal amount of currency leaving the economy (simply removed, tied up in items, stocks, property, or the like) as there is entering it, to balance the equation.

That probably didn't make the best of sense, but I tried.

[LordPsycho]

basically, I'm trying to keep things from being outpriced beyond reason for anyone joining the dojo

Yeah, inflation's fine for you, because you've been around long enough to accumilate enough wealth to counteract that. But if we are to continue getting new members, it wouldn't be fair to them, because they, quiet frankly, would be poor and unable to afford ANYTHING for a very VERY long time.

This if enough people were to join, the number of rich to poor would become rediculous, no one would be buying anything, or using any of the other currency based features, and we have a full blown depression.

So, right now, before that happens, I'm trying to keep prices stable so new people can still afford most of our products.

[Somefreakoverthere]

I made a shot in the dark to try and clear up what your saying:

Everything can go to bits if we don't take money out of the system,Since money will become worthless since we have to much of it.

As we post and gain more money,prices rise. As prices rise, people post more to get ahold of more money to buy the things they want,and then the prices rise again.Eventually, the whole economy could collapse as the currecny no longer holds as much value as it used too,and in that stage the only people able to actuly buy anything is those who have alot more money.

In short:If we don't take money out of the system then it will have a huge "Aww poo-poo" moment,as Net might put it,and then nobody but those with lots of money will be able to make sence.

Hope THAT actuly made sence.

[3kul]

And the winner is... DP's explaination

I totally forgot about new members and how they'd cope with it all, and since they wouldn't be able to I guess it's probably best to try and find a way to lose money somehow.

Not for me though, I plan on hording my vaste fortunes away, perhaps in randomly placed chests in a labyrinth with devious puzzles set along the way. Maybe with some kind of boss-monster at the end as well... *goes off to plan for his excessive vault*

[LordPsycho]

Well, 3kul, how better to accumilate wealth to strow throughout your fault than a lottery! you hit that bad-boy once, and you can fill your vault full!

Come on, you know you want to!