Surgeries,
While I can't help you comprehend market dynamics anymore than my Joe scenario can help you program at an advanced level, I feel as if I must move on to more logic driven users.
Ah yes...I see. I am not "Logic Driven" enough for you. I understand completely. Let me try to redeem myself, if that's possible by being more explanatory concerning your krysses.
I spent five years as a stock broker. I am intimately familiar with market dynamics, floats, insider shares, how warrants and potential effect on float and demand might work and all around speculation as much as many people are. You won't have to spend one second explaining it to me, I promise.
I feel as if you may be grasping at straws, and to completely disregard the comparison to "1 off" items, such as the Splintering Kryss, allows me to rest my explanation to you with full confidence you understand the serious flaws, albeit unfortunately disproving your stance.
Oh my. You get to rest nothing based on what little argument you presented. I disregarded it based solely on it's glaring lack of validity and objectivity. You can substitute "Splintering Kryss" with any Search Parameter item you would like. Arrows. Crimson Cinctures. Runic Armor...it doesn't matter. The
moment every single person can see precisely what is for sale and for how much and where...no "Fog of War" as I mentioned earlier...then the Market will determine the price.
Your scenario might work if there were only so many splintering weapons. But there is literally an endless and soon to be increasing supply of them. So, to find Bots that are doing what you describe (which of course is Illegal) would also be incredibly easy...for a Developer...or for anyone that can see that (The Bot Vendor) vendors have every single splintering kryss that is for sale, and no one else has any, and (The Bot Vendor)is charging an arm and a leg.
(The Bot Vendor) could be doing every transaction in person and at their computer, theoretically, but it would show fairly quickly to anyone looking who could be (The Bot Vendor) and who is likely truly doing real transactions. By the way...if someone wants to physically run around and buy up every kryss, I say go for it. That IS what the trade should be about.
Any item that can be farmed or made can be produced or obtained forever, in varying degrees of desirability concerning magical and loot items, but unless the item is a true Rare or something available in very small quantities, and not able to be procured through normal game play, cornering the market in a global search would be far more difficult than I believe you are considering.
The moment everyone knows where all splintering krysses are, and the number of krysses available and know exactly how much less they could pay for a similar kryss at a different, non-bot vendor...customers will logically go buy the item that best fits their needs at the lowest price possible. At least, this would seem to make sense...from a Logical point of view.
But...if some speculator thinks "Well...I will just buy up ALL those other krysses showing when I search for splintering krysses"...they may momentarily gain some "edge" in that they have most, if not all of the krysses available...right then...at that moment.
But as
soon as someone sees that someone ((The Bot Vendor) or anybody else) bought up
all of the splintering krysses they had for sale, then they would just go hunting in dungeons that drop these items as loot. Then they can replenish their supply and charge a slightly higher price making the time spent hunting them even more profitable.
Then (The Bot Vendor)...who shows up in the hypothetical global search as having LOTS of highly priced splintering krysses, and the best ones are very very high priced...is also listed next to much lower priced but somewhat similar items in the search for splintering krysses...the buyer will logically pick what suits them best. That may or may not be the splintering krysses offered by (The Bot Vendor)...but it could be. More than likely, though, they will pick a lower priced but fairly similar item (and as they can see every single splintering kryss for sale, this would be a breeze) and go buy that item.
In the meantime, without splintering krysses being limited in their drops, the market could stay viable, as long as people kept getting them as loot and putting them on vendors. A lot of the krysses bought by (The Bot Vendor) would be sitting as inventory on their vendor, while it is most logical to assume that all of the Non-Bot vendors would be making money hand over fist...from (The Bot Vendor) who is buying up whatever they put out at whatever they charge, within the purchasing parameters the (The Bot Vendor) is following as well as any sales from people who found theirt lower priced splintering krysses on the hypothetical global search, and went to their vendor instead of (The Bot Vendor).
But (The Bot Vendor) always has to resell items higher than the person they just bought it from...and the person they just bought it from gets the gold...and (The Bot Vendor) gets more and more and more of these items...and less and less gold.
Then when
anyone runs a search for splintering krysses (and in this scenario everyone can see everything...Global Search remember), they see that (The Bot Vendor) has a
ton of splintering Krysses...WAY more than anyone else...and they also see eight other vendors or whatever (
the ones that (The Bot Vendor) is supporting by (The Bot Vendor)'s rampant purchasing of all splintering krysses) that all have smaller amounts of krysses at prices lower than (The Bot Vendor).
Although the non-bot vendor items may not be quite as nice as (The Bot Vendor) has in inventory (although possibly sometimes even better depending on time of day) because (The Bot Vendor) bought up all the previous krysses, they can see the other Non-Bot vendors are priced less, and they can see all of the ones available, all at once before they go buy what they want. At this juncture, (The Bot Vendor) could "corner" the market, put all other vendors out of business, and win UO.
However...the more (The Bot Vendor) engages in this activity, the
easier it would be to track down the bots that make it all possible...the Bots That Ruin the Economy as I have heard it put.
If (The Bot Vendor) WAS using bots to accomplish this heinous destruction of the market...then (The Bot Vendor) would soon be out of business, as the account doing these things would hopefully get boycotted by people purchasing splintering krysses as well as hopefully banned by EA/Mythic.
How's that for logic utilizing the poor under recognized splintering krysses?
The bottom line is that the Buy Low and Sell High becomes much more difficult, logically speaking, when everyone in the market can see every item and every price. It is
only when the resellers have sources that are priced quite a bit less than they charge (
like the crafting items that Petra and Jade produce that get completely bought out all the time by resellers) that the reseller can buy out and then resell at their much higher prices (
because a search on the site that uses illegal methods to do their business...the site you knowingly support through your donation of complete rune books to get the "Luna Edge" as I will call it henceforth)...yields only people in Luna or Zento...and their higher prices...not Petra or Jade...where they could buy the same items at a lower price but don't because Petra and Jade's vendors are not as readily visible as Luna Vendors on a current search.
In other words...people will tend to pay the lower price even if it means a little more work (as is well documented and evidenced by coupons and traveling to different stores IRL for a "Bargain") as long as they have access to the information (like Sunday paper circulars for different stores sorta deal). This is just simple logic.
I do hope, as a whole, the users understand the potential downsides, and found my explanation useful.(edit: didn't finish sentence!! was getting coffee)
It is always good to look at downsides. It is far more important to me to be objective, and look at all angles. To say that some items could have their market "cornered" by a global search does have some validity. To assume that anyone has enough clout and gold to completely corner the market on anything but extremely limited quantity items doesn't hold water in my opinion. (The Bot Vendor) would end up choking on inventory most times and especially over time, while their cash reserves dwindle. Non-Bot Vendors could charge what they want, and know immediately whether their prices are competitive or not.
With that knowledge, buy outs by resellers would either be less frequent, or less lucrative per transaction, as long as people who have vendors utilize the global search to make it so.
And currently, Only Luna and Zento and very few others have the benefits given by a global search. Unless someone wants to knowingly give their vendor info to a site that uses known cheating methods to provide the Global Search, they are at a disadvantage, and it is simply not fair. It would be far easier to stop your Vendor Bots in the UO game than to shut down the search site that currently exists.
That, too...is Simple Logic.