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Best Posts in Thread: Mar 26, 2014: MeepShop Major Update

  1. Fuzzlr

    Fuzzlr Owner Staff Member Owner

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    We are releasing a major update to the economy on March 19, 2013. The new MeepShop will no longer have player to player transactions. This update was first inspired by a suggestion made by IFartonChilren. We have tediously worked to ensure that a system similar to what was suggested will be functional on MeepCraft.

    True Demand, Instant Transactions
    While the current MeepShop reflects the true demand of items, it is often difficult to sell items on the shop because you have to wait for another player to buy them. Instead of the MeepShop being an agent between two players, each purchase will be a direct transaction with the server. When more items are bought than sold, the price of the item will rise to reflect this change. Alternatively, when more items are sold than bought, the price of the item will lower to reflect this change. You will be able to make instant trades with the new MeepShop.

    Removal of Admin Shops
    Currently, Admin Shops on MeepCraft provide instant transactions for players. However, Admin Shops do not reflect the true demand of items. Players are able to sell or buy huge quantities of items on Admin Shops without changing the price of the item, which allows players to abuse the system in order to generate profit. In order to ensure that true demand is applied to all items, we are removing all Admin Shops.

    Donator Privileges
    By removing Admin Shops, we are depriving donators of much needed privileges. Therefore, we are adding a new feature called Exclusive Items to provide an incentive for donations. Each donator rank will have exclusive access to certain items which are not available for trading by lower ranks.

    Transactional Tax
    In order to provide a medium of Meebles outflow and maintain the size of the current economy, each transaction on the MeepShop will include a 1% Transactional Tax, which will be applied to the total purchase or sale.

    A Very Simple Set of Commands:
    /shop
    /price <item>
    /sell <quantity> <item>
    /buy <quantity> <item>
    /sellhand

    We are very excited to release this new update. We believe it will be helpful towards the creation of an economy that is more friendly towards players both old and new. RSVP to this thread if you are excited to see the new shop in action!

    In order to apply this update we are deleting the current stock of the MeepShop. Please remove all the items you wish to keep by March 15, 2014.
     
  2. PuppyChuppy

    PuppyChuppy Celebrity Meeper

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    This is by far the WORST update to meepcraft fuzzlr has EVER thought of. This is insane and I can tell you this, Meepcraft will experience less player activity per week.

    As I see it you're always trying to get players onto meep, But if you remove a heart of the attraction, What's left? It's like selling a gold mine for 1000000 million, but without any gold! This is even worse than removing jobs!

    Vshop is there to help you when you need it, to bring help to those newbies that need cheap stuff and not stock prices like other servers have. There's a reason I play meep, Vshop, The items and because I have a rank. Vshop is a giant part of meepcraft. You cannot leave a living body to live without a heart. That's impossible.

    For example, You're stuck in wild, In a hole, You need 2 bricks to stack up or whatever. You can buy 2 stone for 1 meebles and get on with your life... Instead we have to buy 2 stone for whatever price you sell it at, And now from the looks of Meepshops, your prices are over the extremes. Diamonds for 20k? wow. This will be the most effective disaster meep has ever seen. You can still cancel the posts and warnings. Fuzzlr, you have a chance here...

    Oh and another point, for those people that have worked for weeks gathering 100k stonebricks and other items and have put it on vshop, How are they supposed to bring those items into chests with /cancel without crashing the server? Are you kidding me...? You have no idea..

    -1000 Worst Idea Ever Spoken Of
     
  3. Netrarc

    Netrarc Popular Meeper

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    Ah yes. Such leadership.
    Polite:
    Unsarcastic:
    And above all, mature:
    All hail the great leader.
     
  4. Fuzzlr

    Fuzzlr Owner Staff Member Owner

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    To all ignorant and uninformed players:

    If you think it is above Your High and Mighty Self to not understand the mechanics of the update before condemning MeepCraft to imminent apocalyptic doom, let me rephrase the announcement in a way that your simple mind will understand - The new system will mimic the same prices and mechanics of the virtual shop, except that transactions will be instant.

    The new update is not an institution of flat prices, despite how your God-mandated personal conviction believes it to be so.
     
    Methul, KaiUsesThis, Jwarian and 6 others like this.
  5. Netrarc

    Netrarc Popular Meeper

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    Yeah, if you could just move this to the Report a Bug forum section,
    [​IMG]
    that'd be great.
     
  6. KariStar86

    KariStar86 Heroine of Time

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    I'm not sure what to think of this yet. It combines the market fluctuations and convenience of vshop with the guaranteed sales and availability of the admin shops. My first reaction was thinking that it's a great idea! :cool: But some people have raised valid concerns about exploitation and whether the prices the MeepShop settles on will be fair/make sense. I don't know enough about how it will work to figure those out.

    There's also been much argument over whether this resembles the "real world." I'm not sure that matters, as long as it works in a Minecraft economy. But I'll try to make a comparison. The vshop is kind of like a flea market, or a series of very small independent businesses. Individuals buy and sell to each other, and both sides are very competitive - buyers shop around to find the best deals (on vshop this is actually forced), and sellers adjust their prices and their stock to attract those buyers while still making the most money that they can.

    The new MeepShop, if I'm understanding it right, seems like more of a wholesale system. It's as if sellers are all suppliers for one giant retail store like Walmart. If overall demand for an item goes up, the store will pay more for it, and charge its customers more to buy it. If the supply of that item gets too high, and the market is flooded with people selling $10 cobblestone, demand will be low because everyone has cobblestone and no-one wants to pay $10 for it. So the store will lower the price and pay its suppliers less, because the item is not as valuable. If supply of something is low, like diamond horse armor or whatever, then buyers will pay more for that rare item, indicating high demand. And round and round we go. :) Edit to clarify: Prices won't just be based on how common or rare an item is, but also on the value that players give to it by buying. Cobblestone is generally more useful than dirt, for example, so it will likely continue to have a higher value.

    Sellers will no longer compete with each other directly, which does take some fun out of the MeepShop. But they can still use strategy and timing to make more than other people, by changing what they mine or craft and sell based on the market. They also will be able to have a steady-ish source of income - but not as steady as the admin shops - and they won't have to deal with having a stock of thousands of items that no-one buys.

    In a similar way, I think competition among sellers will still exist via chest shops, because savvy shop owners can keep track of price trends to figure out which items to put "on sale" and which ones they can sell for a premium. It might actually be easier to compete with the MeepShop this way, because you can "outsmart" it to some extent by predicting what's going to happen, and individual sellers wouldn't be able to undersell you (unless they run their own chest shops). That's just speculation (guessing) on my part, but it would be easy to do some research and find out how it will work. If this type of system is as common as people are saying, then why not take a look now and learn about the way other servers handle it? To those who are already familiar with it - beyond just declaring this a good or bad idea, or comparing it to the current vshop, can you tell us more about how this type of shop seems to work on other servers? Can players with chest shops still make money (not necessarily get "rich," but make a decent profit), and if so, how?

    And... fuzzlr, please feel free to tell me if I'm way off the mark here. I'm not an economist, I just play one on MeepCraft! :D

    This obviously comes from someone who's rich in-game. (Yes, I'm jealous! ;)) Just because you don't have a use for iron and diamonds doesn't mean that most players don't. Why do you think they're so valuable on vshop? (Ignoring the effect of the 20% reduction for the moment, because that would make this even more complicated.) As for gold, I'm assuming that the bank will still be around unless we hear otherwise. Diamonds and gold are also relatively rare items, so even if their prices go down on the new MeepShop, they won't crash below the value of items that are far more common.
    You used the biggest and most colorful font! Clearly, that means your post is the most important and correct. :rolleyes:
    --- Double Post Merged, Mar 5, 2014, Original Post Date: Mar 5, 2014 ---
    This is a good point. :( I guess fuzzlr could argue that the vshop was never meant to be used this way.
     
    Last edited: Mar 5, 2014
  7. hardegat

    hardegat Celebrity Meeper

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    "If you don’t like something change it, if you can’t change it, change the way you think about it."

    Lets give this a chance first before condemning the server to DOOM!
     
  8. sensimillian

    sensimillian Meeper

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    They should not have had everyone remove all their v shop items. They should have completed the shop before telling us that it will be out a week ago.

    If you have a deadline at a job and tell your boss that it will be done at a given time and miss it by a week, what do you think will happen to your job?
    Not anything good I can say that much...