Feb 23, 2014: 20% Economy Reduction

epick8 · Feb 23, 2014

KariStar86 said: ↑

In the U.S., if you bought an item in 1913 for $20, that same item would be worth $472.56 today. That's called inflation, and it's the same thing that was happening in MeepCraft and lowering the value of the Meeble. This reduction was a forced reversal of that process - or deflation - in order to raise the value of Meebles. It won't stop the process long-term, but it sounds like fuzzlr's got other plans for that.

With continued inflation, you would get your $2,000 per vote, but it would be worth less and less over time because more and more Meebles are being pumped into the economy. So actually, this reduction was meant to increase the value of the money you make - or at least keep it from decreasing. We'll see how well that works.

--- Double Post Merged, Feb 23, 2014, Original Post Date: Feb 23, 2014 ---

I should add that I don't think the goal is - or should be - to stop the inflation process completely. In the real world, deflation can be as much of a problem as too-fast inflation, because it can mean that the economy is shrinking instead of growing. I don't know how that translates to Minecraft, haha... but I'd imagine you'd want economic growth to keep pace with the level of activity on the server. That way, even if there are more Meebles in the system, they still have value and the economy is still functioning. fuzzlr basically forced the economy to shrink, but it seems like this is meant to be a one-time thing to help rebalance it.
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Over time the economy will experience the same inflation though because people will still be pumping a lot of meebles into the system. Wish they would give us a number of about the average number of meebles put into the system by voting daily. I think eventually there will be a another reduction to keep voting from going outta hand. These are just my theories

flamedemond20 · May 29, 2014

DO..... DIS........AGAIN!!!!!!!!

builderjunkie012 · May 31, 2014

flamedemond20 said: ↑

DO..... DIS........AGAIN!!!!!!!!
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no. never do this again. i will crash the server with my awesomeness

smk · Jan 1, 2018

Again?

Hornemans · Mar 17, 2018

smkorpi said: ↑

Again?
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Feb 23, 2014: 20% Economy Reduction

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