RuneScape Grand Exchange

Why the Grand Exchange Was a Bad Idea
by Coordinates(RS) [Codydude56(coordinates@email.com)]

	For many a time now, I have seen people complain that bots are the main problem of ruining the economy. However, I have a thesis to disprove this. We will first talk about my thesis of how the Grand Exchange works and how values were regulated before the opening of the Grand Exchange. After that, I will explain why the Grand Exchange poses a negative effect on the game's overall state of economy. Third, and lastly, I will explain why players regulating item values is a more suitable way to keep up the charade of a good economy.

	First of all, my thesis states that the Grand Exchange works simply through an amount ratio. It takes the amount of coins(currency) and compares it to the amount of the item. Secondly, it factors in the supply versus the demand of the item and then determines the cost. If there is 100 times more coins than an item, then an item's basis value is 100 coins. Afterwards, if supply is greater than demand, then the cost lowers that percentage from the basis. If demand is greater, but less supply, then the cost rises that percentage from the basis. My thesis would state that if there were 145 times more coins than air runes, but the supply is 28% over the demand, then the cost of an air rune would be 104.4 coins.

	Second, the reason why the Grand Exchange poses a negative effect. The Grand exchange regulates a cost based on a trade volume and amount of coins pushed into the game. Because of this, it shows how inflated coins have been. The truth of the matter is that it shows us how deep in the hole we really are. It's regulated trade off of a base and is precise to the point. Because of this, we begin to flow with the price it regulates for us, thus creating a terrible economy.

	Third, the reason why player item value regulation is better than automated regulation. Because we don't make our values of items precise to the point, we can keep the price of an item stable. Because we set the price, not defining on what it's actual worth is, it forms a charade that we have a good economy and keeps everything stable. Another reason is that there is no influx. Prices don't move quickly or too far away from the base selling price, so they are stabilized. My point is that when we regulate the price, we know what we are doing. A piece of software may be right, but the piece of software doesn't care whether the economy is in havoc and going overboard, it make it what it should logically be.

	In conclusion, the charade of a good economy keeps it stable while if you know the actuality, it can cause some serious problems. In short, the economy is terrible because we know it is. If we never knew that we had a terrible economy, there wouldn't be.

(I'm cutting this short because my train of thought has stopped, and the final statement and conclusion were a bit rough around the edges. I hope you understand what I mean though)