Give Koins Purpose.

Butter said:

As far as I have read, @Philly responds to comments about koins saying that they are a better alternative to PayPal because they can't be charged back on. Obviously (from what I have seen him say) he would prefer that koins be a working form of payment. If, by some miracle, everyone starts using koins for buying everything on here, giving random koins to staff would mean that, not only could they pretty much freely buy whatever they want, but its also introducing more koins to circulate, which is detrimental to the "economy" of koins because it dilutes the "pool" of koins that are in circulation, and then lowers their value. Also, just to note, I'm almost 100% sure that a true economy has finite resources, but whatever.

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In saying that if someone has a fuck load of Koins and has got them for free from someone or has obtained them in such a way that didn't involve them buying them, it would be free. Therefore @Philly would be losing out, accepting Koins for payment is fucking bullshit and stupid, it's not real currency on this site and it never will be.

Remove them completely because the system doesn't even work here, or, give them a use like @Color has mentioned.

Color said:

1.) You can't dictate how much a currency is worth, that's just common sense. That is why 1:1 is the dumbest shit I've ever heard. In all honesty, it'd work out better to have upgrades with koins removed altogether, forcing you to find someone with PayPal to trade for an upgrade. The only problem with that would be that everyone is broke.

2.) He gave all staff 100 koins today.

3.) Exactly my point. It shouldnt be an issue to renew it for like 25 koins.

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1) Oh so you would want it to be like BTC market. Where 1 bitcoin rises and lowers in price. (May be hard to find a plug in though).

2)I wish I was staff

3) True, that is why it says supscription

Loser said:

1) Oh so you would want it to be like BTC market. Where 1 bitcoin rises and lowers in price. (May be hard to find a plug in though).

2)I wish I was staff

3) True, that is why it says supscription

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Not like bitcoin, that's insane. More like just the way any normal site would do it. Supply and demand.

Color said:

Not like bitcoin, that's insane. More like just the way any normal site would do it. Supply and demand.

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Well then. There isn't really a demand of koins if you can buy them off the site.

Loser said:

Well then. There isn't really a demand of koins if you can buy them off the site.

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Please refer to the second part of my thread.

Color said:

Please refer to the second part of my thread.

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I know, I am trying to say this.

If it was based on supply and demand
You would have to implement the second part.

Chill said:

In saying that if someone has a fuck load of Koins and has got them for free from someone or has obtained them in such a way that didn't involve them buying them, it would be free. Therefore @Philly would be losing out, accepting Koins for payment is fucking bullshit and stupid, it's not real currency on this site and it never will be.

Remove them completely because the system doesn't even work here, or, give them a use like @Color has mentioned.

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Since when has it not been a currency? I have been accepting them for almost everything since the day I added the Koin system? What planet are you on?

Butter said:

As far as I have read, @Philly responds to comments about koins saying that they are a better alternative to PayPal because they can't be charged back on. Obviously (from what I have seen him say) he would prefer that koins be a working form of payment. If, by some miracle, everyone starts using koins for buying everything on here, giving random koins to staff would mean that, not only could they pretty much freely buy whatever they want, but its also introducing more koins to circulate, which is detrimental to the "economy" of koins because it dilutes the "pool" of koins that are in circulation, and then lowers their value. Also, just to note, I'm almost 100% sure that a true economy has finite resources, but whatever.

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I give staff my Koins every month, sometimes every other month for incentive for volunteering on the site. Sorry but I can donate my legitimately obtained Koins as I wish.

Philly said:

I give staff my Koins every month, sometimes every other month for incentive for volunteering on the site. Sorry but I can donate my legitimately obtained Koins as I wish.

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Never said you can't, but I'm just saying that the more you create koins and distribute them, the value of them goes down, and that lowers your 1:1 thing.

Butter said:

Never said you can't, but I'm just saying that the more you create koins and distribute them, the value of them goes down, and that lowers your 1:1 thing.

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I didn't, and do not just add Koins, my Koins are legit from me accepting koins for things I sell, I did not just add more Koins to the pool so I can just toss them out, I actually accepted Koins for social mediums, group transfers, upgrades, donations, and things of that sort. I guess you just assume the worst and assume I am an idiot and just add mass amount of Koins... There is a reason I do not accept Koins for the time being... I currently have plenty, noone is buying them and I do not just add them.

Philly said:

Since when has it not been a currency? I have been accepting them for almost everything since the day I added the Koin system? What planet are you on?

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Yeah but to everyone else that's been here for as long as I have they mean nothing. You can't buy a Gamertag for $400 Koins equal to the value of $400. It just doesn't happen.

Chill said:

Yeah but to everyone else that's been here for as long as I have they mean nothing. You can't buy a Gamertag for $400 Koins equal to the value of $400. It just doesn't happen.

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Well that is up to the user, not me...

Philly said:

Well that is up to the user, not me...

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That's my point, and from visual evidence it doesn't seem to be working that way. Not that it really matters, they need to be given a purpose.

1. LOWER THE PAYOUT. Supposedly $1/1koin, you're getting $.01 for every post. Drives down the value if they're easily obtained.---AGREED
2. REMOVE DIRECTLY PURCHASING. Why would someone buy from other users for the same price if they're able to just purchase them from the site?---AGREED
3. REMOVE 1:1. That's not how economy works.---Isn't this the same as 1:1?
4. ADD SOME PERKS. Right now there are upgrades and awards, that's it. Add something, a betting area, an arcade plugin, fun features, something.--100000% agree
5. DON'T GIVE THEM TO STAFF JUST CAUSE. Just giving them away and adding more to circulation isn't helping.---Agree. This shouldn't even be debatable.
6. RAISE COST OF UPGRADES/ADD EXPIRATION. This should be considered a cheap alternative to paying for upgrades. Upgrading in such a manner is not beneficial to the site, so it should be harder. These should also expire after a year, rather than be permanent. (pretty sure it was like this originally)---Already implemented, sadly for me.