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Re: Why 'inflation' on Roblox is a MYTH

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Ulrond is not online. Ulrond
Joined: 23 Jun 2011
Total Posts: 11962
03 May 2016 01:26 PM
Inflation in economics: a general increase in prices and fall in the purchasing value of money.
Generally considered 'inflation' on Roblox: Too much money (robux) in the system in people's accounts, which will therefore increase the prices of items.



When I see complaints that NBC get nothing, they're right. Their login bonus has been removed. There are only a few ways to earn robux now, which are heavily taxed at 90%.

Now what's often campaigned for is a daily login bonus for NBC, or daily challenges to earn robux, or free robux. You get the picture.

However, people put this idea down, AND RIGHTLY SO. Non-paying users don't get the same benefits as paying members for a good reason.


Just one thing.

People claim the main reason that NBC should not receive even one robux a day is due to 'inflation' and this just isn't true. Take a step back and observe the bigger picture. WHERE WOULD THERE BE INFLATION? Limiteds, yes. But I'll come back to that. The prices of shirts and pants are chosen by users. It is impossible to argue that if NBC suddenly had more money to buy things that clothing makers would increase prices just to earn more money. They would earn more anyway through the increase of sales. Making cheap clothing items then more expensive will simply deter users from buying and encourage them to look elsewhere for cheaper clothing, especially if they could only survive on one robux a day. For items produced by Roblox, i.e. hats, gears, faces there is even less of an effect. The prices can't even change unless Roblox decides to. And they're unlikely to put them up, and up, and up.

No inflation here.

So what about Limited items. Hats, gears and faces sold by users. The argument is that if NBC members receive robux, the prices will jump up. Seems pretty likely right? I disagree. If, hypothetically, NBC members had money to spend, would there be a sudden purchase of limited items?

The honest truth is that it would hardly make a dent in the prices. With so little money coming in each day, I think it is unlikely that people would cash it all out on limited items. Some people might do so, but with so many rares out there, could this really happen? Many users would be a bit more careful with their money, or spend it all and eventually this money goes out in the form of tax.


And so we come to my final point - "But Ulrond, what about all the extra money in circulation??"
What about it? If NBCs are spending it, where does this inflation come in? If they hoard it and don't spend it, it makes very little difference to the Roblox economy. When they spend money on shirts, pants, and all limited items, 30% of the money still goes out in tax. And 100% goes out when buying items not made by users. The idea that large amounts of currency in the economy on Roblox will create instability is a lie.



To finish and create a TL;DR, inflation of the currency robux is not the threat that people tell you it would be. Inflation was a risk when tickets were around. Now it is just one currency.
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BlackStrikeZ is not online. BlackStrikeZ
Joined: 19 Dec 2011
Total Posts: 23417
03 May 2016 01:28 PM
Yeah
There'll not be any inflation created. Not even if NBC'ers got daily robux. It can even cause limiteds to become rarer, if a lot of NBC'ers a specific limited.


https://www.roblox.com/My-reaction-to-this-item?id=217122744
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cheetos5 is online. cheetos5
Joined: 15 May 2013
Total Posts: 23541
03 May 2016 01:29 PM
agree 100%
inflation is bullcrap


WAKE UP WAKE UP YOUR GOLDFISH IS- oh... oh no... (๏ ʖ̯๏)
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nairb is online. nairb
Joined: 14 Dec 2007
Total Posts: 12396
03 May 2016 01:30 PM
Agreed, wholeheartedly.

When my only income is my OBC daily stipend, and I still feel like I'm broke, you know something is wrong.

Achievements, Daily Challenges, etc., you name it, it needs to get in.


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marktheartest is not online. marktheartest
Joined: 17 Apr 2011
Total Posts: 9266
03 May 2016 01:39 PM
tracking so I can read later

"I feel like one of those Magazine authors."
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VariousTopics is not online. VariousTopics
Joined: 16 Jun 2013
Total Posts: 221
03 May 2016 01:44 PM
So true...
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Invictium is not online. Invictium
Joined: 22 Jan 2013
Total Posts: 44531
03 May 2016 02:07 PM
Actually now that there's only one currency and less ways to earn currency for NBC and the generally poorer users, there's a lot more incentive to buy ROBUX. This will put more into circ, putting more strain on ROBUX and devaluing them.
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Ulrond is not online. Ulrond
Joined: 23 Jun 2011
Total Posts: 11962
03 May 2016 02:08 PM
@Invic

I've outlined in this thread why an increase of robux in circulation would not make a turn for the worse in the Roblox economy.
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Hear_TheEcho is not online. Hear_TheEcho
Joined: 24 Dec 2013
Total Posts: 11715
03 May 2016 02:08 PM
tl;dr


new siggy but i dont kno what it is
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Invictium is not online. Invictium
Joined: 22 Jan 2013
Total Posts: 44531
03 May 2016 02:09 PM
And skimming through if NBC'ers got 1 robux per day it actually would cause inflation due to currency botters, like what happened with tickets. Why do you think they became almost worthless over time? In 2010 the ratio was 10:1, and in the end it had almost doubled.
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Invictium is not online. Invictium
Joined: 22 Jan 2013
Total Posts: 44531
03 May 2016 02:11 PM
"I've outlined in this thread why an increase of robux in circulation would not make a turn for the worse in the Roblox economy."

It actually would, because as prices rise, base-level users still make the same amount (common users, not talking about experienced devs, traders, group owners etc.) which completely screws them over.

The rich get richer and the poor get poorer.
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Killer128865 is not online. Killer128865
Joined: 27 Sep 2008
Total Posts: 5906
03 May 2016 02:11 PM
agreed


+5500 Post Count
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NTSPRO is not online. NTSPRO
Joined: 08 Mar 2013
Total Posts: 27559
03 May 2016 02:16 PM
this is a really good post (but a tl;dr version would help)


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Sub_Dev is not online. Sub_Dev
Joined: 16 Jun 2013
Total Posts: 553
03 May 2016 02:47 PM
IT doesn't work anyway because virtual economy is a myth - taxes are fake and money can be generated.


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live_k is not online. live_k
Joined: 12 Nov 2007
Total Posts: 349
03 May 2016 02:49 PM
I totally agree with you.


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Polar_Expresso is not online. Polar_Expresso
Joined: 06 Nov 2016
Total Posts: 5925
02 Jul 2017 06:31 AM
ok
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chinstraps is online. chinstraps
Joined: 03 Oct 2016
Total Posts: 1989
02 Jul 2017 06:33 AM
roblox inflations are h0t
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ostrichmandude is not online. ostrichmandude
Joined: 16 Sep 2015
Total Posts: 10199
02 Jul 2017 06:40 AM
Something called bots my dude
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