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Mass Extinction
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Posted - 2008.09.24 13:56:00 -
[1]
 Originally by: Treelox
Now you see thats the funny thing, GTC's are "worth" exactly what people will pay for them. Not what you wish you could pay for them. A perfect example of a free market in action.
And a perfect example of why free markets dont work for anyone but the seller.
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Mass Extinction
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Posted - 2008.09.24 15:43:00 -
[2]
That's absolute nonsense and not supported by history.
When there was not a monopolised product, ie. when you could buy either 30 or 90 day GTC, there was no shortage of GTC sellers.
I suggest you do Economics 101 before you post again.
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Mass Extinction
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Posted - 2008.09.24 15:46:00 -
[3]
Originally by: Kitchie
Originally by: Slinkus Gallentus
You accept an invitation to buy a code, but dont complete the deal. I believe the deal can be there for 48 hours unless it is accepted or cancelled. This would put the greedy's time codes on hold for up to 48 hours.
At the end of the 48 hours they get no sale. Sellers would be left with the time code that they have already paid for and it would soon become a burden for them to try and off-load.
Sellers can cancel the offer anytime they want. If they haven't been taken up in 15 or 20 mins, that's usually what they do and sell to someone else.
Here's the rub. Will they get a proper sale or someone who is just holding them up again?
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Mass Extinction
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Posted - 2008.09.24 15:51:00 -
[4]
Originally by: Kitchie
Originally by: Mass Extinction
That's absolute nonsense and not supported by history.
When there was not a monopolised product, ie. when you could buy either 30 or 90 day GTC, there was no shortage of GTC sellers.
I suggest you do Economics 101 before you post again.
Who has this Monopoly? From what I see there are hundreds of different sellers. CCP don't set any ISK price on GTCs, it's purely up to the sellers.
If it's a cartel, you could break it by buying 100s of GTCs and selling them cheap. Think of it, you could break this "Monopoly"!
It's a monopolised PRODUCT. ie. there is no alternative product to buy.
Maybe you should do Comprehension 101 too.
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