discussion Anti-Social & Lurker - Hideout spot

[dredallen]

Happy birthday! Welcome to this thread

Haha thanks, happy to be born today. I'm already walking and talking too. Lights are too bright, and some jerk slapped my ass right after I came out. Very disorienting. But at least the other people seem cool.

 

[Shawnchapp]

nah someone else made him mad.

Ok you got me...

i pissed in his corn flakes this morning


(insert video of me pissing in his conflakes im out of credit today ok!)

 

[dredallen]

Personally I wouldn't spend 10 coins on starting a thread if you want to get to the "good stuff" quickly.

Yea, rookie mistake on my part. I think I'll be more conservative of my point usage from here on out.

 

[uncbuck]

Hello cutie, are you los....

Gotta watch out for that kid

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[Jaxom5]

Haha thanks, happy to be born today. I'm already walking and talking too. Lights are too bright, and some jerk slapped my ass right after I came out. Very disorienting. But at least the other people seem cool.

I personally I kinda like it when they slap my ass roght away. Helps get the blood flowing

 

[samurai544]

No interest collection anymore.
And does this mean we should withdraw all coins from the bank? Why else state that this is to "secure your coins"?

so you're saying that people with insanely high passive income bypass the entire system without using the site and can make other users bypass too?
than I ask you, how much do you really care about the site? or you still think that the barrier is because of money, not because we had to jump from host to host because of reports exactly because a random group could see everything?

I dont like removing the interest from the bank, but the reason isnt because I think its a bad idea, I dont like it because I just barely started benefiting from it.
Ever since I first learned about the bank and the 2% daily interest, its been clear it isnt a great long-term idea.
I mean, if I got 100 coins when I first joined this site, put it in the bank, collected the interest of 2% every day and never interacted with the community again, I would have, after a year, over 137,000 coins. (Assuming I didnt fuck up the math)

After a certain amount of coins, if your main objective is accruing more, the coins you get from interacting become trivial compared to the interest.
Removing the interest (or at least strongly nerfing it) encourages more interaction from the community, while also pausing the hyperinflation that 2% daily compounding interest causes.
This is not popular, as we've seen. The reason I'm saying this isn't because I like removing the interest from the bank, it's because it seems to me to be true, and a good idea long term.

Im curious to learn other peoples perpectives on this, i believe my logic is sound, but i wouldnt mind being proven wrong.

Edit: Maybe replace the compounding interest with simple interest, so that you only get interest over the coins you made while interacting, and not with the coins you made with interest?
This would curb exponential growth, while still encouraging all users to interact.

Also good afternoon everyone.

alright who pissed lord drakkon off.

Who in their right mind will make a mod mad on here

He certainly seems to be upset.

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[SG-Y]

I dont like removing the interest from the bank, but the reason isnt because I think its a bad idea, I dont like it because I just barely started benefiting from it.
Ever since I first learned about the bank and the 2% daily interest, its been clear it isnt a great long-term idea.
I mean, if I got 100 coins when I first joined this site, put it in the bank, collected the interest of 2% every day and never interacted with the community again, I would have, after a year, over 137,000 coins. (Assuming I didnt fuck up the math)

After a certain amount of coins, if your main objective is accruing more, the coins you get from interacting become trivial compared to the interest.
Removing the interest (or at least strongly nerfing it) encourages more interaction from the community, while also pausing the hyperinflation that 2% daily compounding interest causes.
This is not popular, as we've seen. The reason I'm saying this isn't because I like removing the interest from the bank, it's because it seems to me to be true, and a good idea long term.

Im curious to learn other peoples perpectives on this, i believe my logic is sound, but i wouldnt mind being proven wrong.

Also good afternoon everyone.

He certainly seems to be upset.

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I feel like there's a solution here that doesn't involve just getting rid of interest altogether.

Getting 2% across the board does feel like it would break the eco as you say, but why not change the interest depending on how many coins there are in the bank?
This way you could set the interest somewhat high at low bank amounts and decrease the interest increase it as more coins are added.

 

[Jaxom5]

Im curious to learn other peoples perpective on this, i believe my logic is sound but i wouldnt mind being proven wrong

I like the idea of interest, but agree 2% is too much, maybe making it more similar to a real bank, which is only 2% a year which equals out to roughly .0005% per day? That would be a mighty nerf, but still give some reward after a certain point.

 

[mercury.games]

I feel like there's a solution here that doesn't involve just getting rid of interest altogether.

Getting 2% across the board does feel like it would break the eco as you say, but why not change the interest depending on how many coins there are in the bank?
This way you could set the interest somewhat high at low bank amounts and decrease the interest increase it as more coins are added.

This is what I think the solution needs to be so that lurkers (like I want to be) aren't penalized excessively. Tiered interest to make it more aligned with a "after posting a couple times and coming to the site most days for six months you can buy the next rank (or keep saving to buy the rank after that in another 6 months)" sort of approach. And once you have say 3x enough to buy the top rank in the bank, your interest rate drops to nothing (or almost nothing).

Sadly, that will take custom development as the coin/bank/whatever plugin in use only supports a single global static interest rate.

 

[USER_6969]

Gotta watch out for that kid

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Well if he follows that kid, he can live rent free and get fead for free...

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[Shawnchapp]

I like the idea of interest, but agree 2% is too much, maybe making it more similar to a real bank, which is only 2% a year which equals out to roughly .0005% per day? That would be a mighty nerf, but still give some reward after a certain point.

you bank sucks i get monthly interest lol

 

[uncbuck]

Haha thanks, happy to be born today. I'm already walking and talking too. Lights are too bright, and some jerk slapped my ass right after I came out.

well - if it gets too difficult you can always go back in the closet

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[samurai544]

Getting 2% across the board does feel like it would break the eco as you say, but why not change the interest depending on how many coins there are in the bank?
This way you could set the interest somewhat high at low bank amounts and decrease the interest increase it as more coins are added.

I like the idea of interest, but agree 2% is too much, maybe making it more similar to a real bank, which is only 2% a year which equals out to roughly .0005% per day? That would be a mighty nerf, but still give some reward after a certain point.

Maybe replace the compounding interest with simple interest, so that you only get interest over the coins you made while interacting, and not with the coins you made with interest?
This would curb exponential growth, while still encouraging all users to interact.

 

[dredallen]

well - if it gets too difficult you can always go back in the closet

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Funny, you mention that. I came out as bi a couple years ago. My mother no longer talks to me. Damn shame too, I've been told that I'm quite charming and fun to talk to. Her loss.

 

[p.smith]

Maybe replace the compounding interest with simple interest, so that you only get interest over the coins you made while interacting, and not with the coins you made with interest?
This would remove the potential for exponential growth, while still encouraging all users to interact.

That sounds like an interesting solution, that also seems fair across all users

 

[SG-Y]

Maybe replace the compounding interest with simple interest, so that you only get interest over the coins you made while interacting, and not with the coins you made with interest?
This would remove the potential for exponential growth, while still encouraging all users to interact.

That also sound like a good solution but just as Mercury said this also has the issue of needing modification of the addon that does the interest stuff.

 

[p.smith]

Funny, you mention that. I came out as bi a couple years ago. My mother no longer talks to me. Damn shame too, I've been told that I'm quite charming and fun to talk to. Her loss.

Never understood parents who would do something like that. But you are probably better off without someone with that attitude in your life

 

[BananaPrincess]

Come on October 1st! I have Count Chocula and Frankenberry and I want to eat them,
but I gotta wait to October 1st for the Halloween season.


35 days

 

[mercury.games]

Maybe replace the compounding interest with simple interest, so that you only get interest over the coins you made while interacting, and not with the coins you made with interest?
This would remove the potential for exponential growth, while still encouraging all users to interact.

Interesting. Perhaps that is a place where (yet another) currency could come in. Current AC yields interest only in YAC (to prevent compounding). AC can be converted to YAC 1:1, but not from YAC to AC. YAC cannot earn interest. Items are purchasable in the shop with either AC or YAC with parity pricing. AC is tradeable but YAC is not.

This still wouldn't solve the current billionaires "problem" though without modifying their existing balance as they would still generate absurd amounts of YAC every day.

Also, I don't think the addon can yield interest from the bank in a different currency so the idea is probably as moot as the idea of dynamic interest (requiring custom development).

 

[dredallen]

Im curious to learn other peoples perpectives on this, i believe my logic is sound, but i wouldnt mind being proven wrong.

Wow, I always miss the good stuff. 2% daily is insanely high. Like a daytrader with real money would froth at the mouth at the concept of making 2% daily with real money. For reference, if you put in $1k, after 31 days, you will earn an interest of $847.59 on top of your $1k. Effective percentage 84.8% with an annualised APY of 13,7640.829%. (for transperancy those numbers I pulled from a reddit thread). But yea 2% DAILY is madness.

Never understood parents who would do something like that. But you are probably better off without someone with that attitude in your life

Ah it's life, she wasn't that great of a mom anyway, and in the end I found my own way through life. Sucks she'll end up in a home though, none of us will be taking care of her. If she was nicer she would have probably earned her way into a nicer one than "the cheapest one I can find". Thank you for the kind words.