50.0
AAdmincraft
•Created by 50.0 on 1/29/2025 in #questions
How to establish a thriving diamond-based economy?
this is not a question about:
- how or what economy plugin to use (we are not using any, we are whitelisted)
- should i use an economy plugin (we use diamonds as currency)
rather, my question is this:
- suppose you start a new server with a new diamond economy. how do you make it last? what sort of issues are there, maybe 15-18 months (or even longer!) after the world starts (this is my concern, many many months later when issues that you never saw coming start materializing and do irreversible damage to the server's economy)? e.g. inflation of goods, and the deflation of diamonds
- how much control or moderation do you need to establish in the market? e.g. use a permit system, use a fixed pricing system, or let it all go and make a free market?
- would the addition of a "resource world", reset every 3-4 months, have a significant impact on the inflation?
- the purpose of the economy, in my view, is less for the COMPETITION, and more so to function as a system where people can obtain diamonds for goods, obtain goods for diamonds, in a stable, functioning diamond economy where they know what to expect.
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