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Monday, February 13, 2023

A Message to the Miners of Entropia Universe

 I've been here in Entropia for just shy of 15 years now. I've seen a lot of the good and the bad that has happened inside of the game. A lot of what goes on, if its out of sight its out of mind. Some things you just maybe don't notice anymore because everyone you associated with has either passed on or quit the game... So you keep your nose to the grindstone and keep grinding.

In a strange twist of luck, I ran into an old school trader. From way back. He got me thinking in the few minutes we chatted. I thought I'd make a little bit of an address here to the miners of the game. Why the miners? Well I will tell you. You have the power. The power to do what? I will tell you.

The vast share of markup has always been involved with ores and enmatters. Not counting the oddball high markup item that only a select few seem to loot while hunting. Even the greediest trader can only steal so much on an animal oil trade where its just a couple percent over TT value. But when you are talking ores and enmatters, its a whole nother ballpark.

There are some not so scrupulous traders taking advantage of the sheer need for selling ores and enmatters. It doesn't matter who, it doesn't matter why, where or how. What matters is this.

It is the miners who control enough of the good markup materials, to make an honest trader, or break a dishonest one. It is up to you to keep the traders you deal with in check. If you don't like the deal they offer, press them for a better one or find someone who can do better. This will cause them to tighten up their ship, or else see it sink into the abyss. Trading only works if you have the volume, and can move it. It is you, miners, who control who gets your supply.

The harder something is to sell, then yes, by all means its ok to allow for enough of a difference that the trader isn't sitting on that stuff for months only to make nothing. And you will probably get a better deal from traders who already know a customer who is waiting for what you are selling. But not checking the numbers, and not understanding what an acceptable offer for what you are selling is, allows for traders to be sloppy and loose on the numbers they give.

How many trades have you done in a year? Have they been reasonable? Or have you been forced to take a bit too heavy of discounts in order to close the deal? If you do 500 trades in a year, and if only you get one more ped per trade, thats $50. Thats $50 more that you won't have to deposit, or sweat for, that contributes to everything you have to do to try to survive.

Everyone complains about markups. Well, we can start doing something about that by keeping the traders honest. It doesn't mean cutting them out of their profit margin, but you don't have to let them destroy yours either. And always double check the pile of peds dropped in the window against what you are selling. Does it look right? If something seems wrong, it very well could be. I know of a couple massive trades that went horribly wrong for one particular person. But once you push the button twice, it's done. MA doesn't fix that for you if you didn't notice something and approved the trade anyways. And the more a trader gets away with this sort of thing, the more they will continue to do it. 

I am primarily a miner, and I used to do quite a bit of trading. I don't anymore, because, well, real life trading opportunities far exceed what I am able to make in Entropia by trading. I much rather enjoy the game mining. But if, as a miner, you are taking abuse from the people you rely on for your returns when selling loot, you can either do something about it, or not. If you do nothing, things could worsen overall. A lot more rides on keeping traders honest than we even can think about. We all know MindArk is against us, and the only chance we have against them is to strike the best possible deal for both sides of a transaction. And not all trades have a 1 to 1 ratio, either.

Sure. I sold a Mayhem harness for less than I would like to have got. But I needed the peds. And I didn't have to wait. The loss of some fairly substantial markup on the deal, is the price I paid for the convenience of having the peds sooner than later. BUT. This worked to my advantage. Something I've been waiting for to hit the market for a long time, at a bargain price too, finally went on the AH. I was able to buy it and had some peds left over. In all honesty, in a face to face trade, I'd probably have traded straight across for the item. So, you see, taking a loss is advantageous if the timing is right. It is all about leverage, and timing, and I think I just got lucky on that working out the way it did. 

I think this is probably all I have to say. Just, the traders will be as honest as we can keep them. If something is wrong and they can't explain why the discrepancy, that would be a problem maybe.

So good luck, happy mining, and I hope theres something in all of this for you all to think about.