Wtf... robbed by the market..

Lord Thane

Other idea is you forgot to toggle the switch to make it a sell order, and you didn't have the gp to create the buy order, so nothing happened.

OgGnome

Lord Thane ohhhh that explains it.. carry on!... still Sus!!

Zown

Lord Thane
If that is how it works, why not just automate it:

Buying Algorithm
The total cost of a transaction is the sum of the prices of each individual unit, where each unit's price increases incrementally.

Price of a single unit (Pn): The price of the nth unit is the Current Price plus the Per-Unit Adjustment multiplied by the unit's position in the order (n).
Pn = Current Price + (Per-Unit Adjustment * n)

Total Cost: The total cost is the sum of the prices of all units from 1 to the total quantity (Q).
Total Cost = SUM[n=1 to Q] (Current Price + (Per-Unit Adjustment * n))

This formula can also be simplified for calculation:
Total Cost = (Current Price * Q) + (Per-Unit Adjustment * (Q * (Q+1) / 2))

Final Market Price: The new Current Price is the price of the last unit bought.
Final Market Price = Current Price + (Per-Unit Adjustment * Q)

Selling Algorithm
The total revenue from a transaction is the sum of the prices of each individual unit, where each unit's price decreases incrementally.

Price of a single unit (Pn): The price of the nth unit is the Current Price minus the Per-Unit Adjustment multiplied by the unit's position in the order (n).
Pn = Current Price - (Per-Unit Adjustment * n)

Total Revenue: The total revenue is the sum of the prices of all units from 1 to the total quantity (Q).
Total Revenue = SUM[n=1 to Q] (Current Price - (Per-Unit Adjustment * n))

This formula can also be simplified for calculation:
Total Revenue = (Current Price * Q) - (Per-Unit Adjustment * (Q * (Q+1) / 2))

Final Market Price: The new Current Price is the price of the last unit sold.
Final Market Price = Current Price - (Per-Unit Adjustment * Q)

Example: Buying 500,000 Wood
Let's use the following values:
Current Price: 150 gold
Quantity (Q): 500,000
Per-Unit Adjustment: 0.0000005

Calculate the Total Cost
Using the simplified formula:
Total Cost = (150 * 500,000) + (0.0000005 * (500,000 * 500,001 / 2))
Total Cost = 75,000,000 + (0.0000005 * 125,000,250,000)
Total Cost = 75,000,000 + 62,500.125
Total Cost = approximately 75,062,500 gold
Calculate the Final Market Price
The new market price is the price of the very last unit (the 500,000th unit) that was bought.
Final Market Price = 150 + (0.0000005 * 500,000)
Final Market Price = 150 + 0.25
Final Market Price = 150.25 gold

After this transaction, the market price will publicly update from 150 to 150.25, and any future transactions will be based on this new value. Obviously, the per-unit adjustment would be whatever you like for how quickly you want the market to adjust.

Zown

Zown
Fun fact: with a market like this, you could also display candlestick patterns by hours, days, or weeks, and show an actual stock market for each market item in the game. You wouldn't need to manually adjust the value, and there's no need to worry about people exploiting the market.

Lord Thane

Zown because the way it is now is more social, someone might buy at a higher price from an allied seller, etc. I like that it's social, less robot, feels more like a friendly community flea market.

Zown

Lord Thane
Fair enough. If you wanted social, wouldn't it be better as a bartering system? Also, the market automation you currently have seems out of place. The static market price also feels out of place and restricts the social aspect of it. I actually think my approach would provide a more social experience than the current market system, with less chance of exploitation.

Enphetamy

Zown the market supply is the one I think needs to go. There shouldn't be an unlimited availability of a given resource. There should only be as much as the community has to offer

Lord Thane

Zown the open book market is already a bartering system, with gp as the medium to simplify transactions. I think posting resources for trade for other resources would needlessly add complexity where gp functionally does the same thing - if you want to convert 100 wood to 50 iron just post a sell order for wood and buy order for iron using whatever level of gp you think is fair, if the open market agrees with your valuation then both orders will fill and your resource will have converted.

I think it's fun when someone tries to buy low and sell high, it's happened many times and I've seen it fail and also succeed. It's an interesting sort of mini game, I don't see a problem with it. The last time I saw it funnily backfire is when Haybol tried buying all the food and sell at a high price, except people kept posting new sell orders for food and his scheme fumbled. It was a good try though 😆

I think when there's more players then we'll definitely get rid of the market seller. I just don't want people losing interest in the market if it's not usefully functional due to lack of sellers at some point. With smaller player base having the market seller at least guarantees there's a utility to the market at any time, keeps people interested and checking on it.

Zown

Enphetamy
I completely agree. In my system, you could start out with 0 quantity and a set base price, like 100 for each item. Then let the community interact and grow the prices dynamically, and set quantity dynamically from community resources. I also built in systems to prevent people from buying up everything at low prices, then trying to sell high, and built it with real-life economic principles and supply/demand in mind. It's basically a simplified stock market that would fix the only weird part about the market. I think people listing very low prices and bigger kingdoms fulfilling orders is very exploitative and doesn't build on the social aspect as much as it would seem. Also, people buying up cheap orders and selling them higher price can also be exploity. Dialing in and implementing my system might take some effort, but I think it would fix some issues.

Lord Thane

Enphetamy I think the market seller was added to make the market functional while the player base is small. When there's more players that can sustain a constant supply/demand then we wouldn't need the market seller.

I've had some convos with good ideas from players about making the market seller have dynamic pricing, that might be doable at some point. Also maybe have sales that come up at random times. We might also disable the market seller halfway through the round when it becomes less needed as the player economies get strong enough to keep the market supplied.

Enphetamy

Lord Thane is it possible to put some daily finite value on what the market seller offers? Idk, maybe im too dialed in on this. I just think having a well for unlimited resourxes in a game where everything else is finite is a bit out of place.

xiAo-Shin Star

Lord Thane

Yeah, that was suxx. it was an honest mistake was about to sell it for 280 and accidentally pressed the post button.. The sad part is, it was never announced or no one inform us about it.

Lord Thane

xiAo-Shin Star Easter egg for fun 😉🍻

Lord Thane

Enphetamy that could be doable, I'm not sure what limit would work though. Also have to consider what the trolls will do about that, knowing they just have to login at the right time and buy up all supply to control the market - not so they can make profit, just so they can lock down the resource as a troll lol. Then if it's a high amount to make it distasteful for trolling, would it just be a waste of time developing.

Someone should go pull the ledger and run some stats for us, see what the average daily movement has been for sales of wood and iron and food and mp. That might give us a better starting point to figure what a good limit for the market should be.