The Economy is Undergoing Rapid Price Changes.

  1. 7 years ago

    Of currently somewhat active shops according to forum posts:
    No shops currently have two-way exchanges. (IE if I have 64x I can get 1y out of the shopkeeper, where the price is 1y for 64x.)

    Gold:
    Haxington Oreburgh Mine: 8 ingots = 1 diamond
    Andureil: ~14 ingots = 1 diamond
    Ealdwine: 64 ingots = 1 diamond

    Iron:
    Haxington: 16 ingots = 1 diamond
    Ealdwine: 64 iron = 1 diamond

    Diamond:
    Everyone: 1 diamond = 1 diamond
    Everyone: 9 diamonds = 1 diamond block

    Emeralds:
    Ryebye: 1 Iron Horse Armor = 3 Emeralds
    Ryebye: 1 Gold Horse Armor = 2 Emeralds
    Andureil: Knockback 2 Book = 5 Emeralds

    Cobblestone:
    Haxington: 256 (4 stacks) = 1 diamond
    Ryebye: 320 (5 stacks) = 1 diamond
    Ealdwine: 384 (6 stacks) = 1 diamond

    The first numbers listed are shops that have not recently been updated for a while. The last numbers are the shops that have been recently updated.

  2. Lol I have the highest prices :P
    Then again, I haven't really continued the shop in a while... I should get back in the business!

  3. Edited 7 years ago by CreeperLord170

    @TheBlizWiz Of currently somewhat active shops according to forum posts:
    No shops currently have two-way exchanges. (IE if I have 64x I can get 1y out of the shopkeeper, where the price is 1y for 64x.)

    Gold:
    Haxington Oreburgh Mine: 8 ingots = 1 diamond
    Andureil: ~14 ingots = 1 diamond
    Ealdwine: 64 ingots = 1 diamond

    Iron:
    Haxington: 16 ingots = 1 diamond
    Ealdwine: 64 iron = 1 diamond

    Diamond:
    Everyone: 1 diamond = 1 diamond
    Everyone: 9 diamonds = 1 diamond block

    Emeralds:
    Ryebye: 1 Iron Horse Armor = 3 Emeralds
    Ryebye: 1 Gold Horse Armor = 2 Emeralds
    Andureil: Knockback 2 Book = 5 Emeralds

    Cobblestone:
    Haxington: 256 (4 stacks) = 1 diamond
    Ryebye: 320 (5 stacks) = 1 diamond
    Ealdwine: 384 (6 stacks) = 1 diamond

    The first numbers listed are shops that have not recently been updated for a while. The last numbers are the shops that have been recently updated.

    The value of different items are decided by its demand and supply of the market and individuals?

  4. Edited 7 years ago by TheBlizWiz

    Right. But diamonds are becoming increasingly more valuable too quickly.

    Also, Ryebye just bought all of Ealdwine's gold. kek

  5. Why is that? Shouldn't they become less valuable as more of them are mined?

  6. That's right. We have the opposite problem.

  7. How though? Are people just burning the diamonds? Lol

  8. Simply put: People aren't spending diamonds.

  9. Ah... Well I guess that is true...

  10. Well I guess u can see diamonds as goods and a medium of exchange.

  11. The thing is, at this rate, it may cost a ridiculous amount or resources to buy one single diamond.

    Just as inflation is bad, deflation is bad as well.

  12. The thing is... Diamonds are too valuable to use as currency (At least for most people) This is due to the fact that so many things can be crafted from them. People as a result just stockpile them and become rich without ever spending them.

  13. Heh this is just like a stock market report. Good stuff.

  14. The thing is, if diamonds are to be the standard currency, they are too valuable for being a standard currency for what they can do.

  15. Just out of curiosity... How many diamonds does the richest player own right now?

  16. It's not clear. I'm guessing @Cellexya is the richest atm.

  17. What do you think is the average though?

  18. Edited 7 years ago by TheBlizWiz

    I don't mine much and I have around 20 total diamond gems.

  19. Just diamonds or diamond blocks?

  20. I only have about 25 diamond blocks but I'm sure someone has stacks of them or something

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