The Simtropolis Economy

[astronelson 339]

Some of you may have noticed a little button at the bottom of your posts that says "Simoleons".

What? You mean you haven't? Well, look down there... yes! See it? Click on it... wait, right-click and open in a new tab or window. You'll probably want to be able to see this thread. Anyway, that button takes you somewhere interesting. That's right, we have an economic system now! This purpose of this thread is to discuss it.

As of writing we have two types of bank accounts, one company on the stock exchange, a credit card, a welfare system, and loans. It looks like long-term investments and shop items may appear at some later date.

[JakeMD 107]

Oh, this is exciting.. More fun things to do when you're bored (yeah right) on Simtropolis.

[Kevin 101]

This is quite exciting, and a welcome new feature for those of us who aren't here for Sc4 anymore

[un1 40]

Well, a downside is, it promotes spamming but it could also promote good quality STEX uploads. Anyways it's pretty neat.

[astronelson 339]

It might be the incentive I need to start posting more, in a wide range of topics. I've slowed down recently, but if my income depends on it...

[Mikeaut1 261]

Haha this is very exciting indeed! One of the many new features Dirk has unleased in ST7!

Hmm.. I wonder who holds (#1) in the rank for Simoleons.

[astronelson 339]

Haha this is very exciting indeed! One of the many new features Dirk has unleased in ST7!

Hmm.. I wonder who holds (#1) in the rank for Simoleons.

The Richest Members list is on the right of the page, and there is a Rankings page under Global Economy. Pegasus is the richest with 47,530, followed by Jacqulina with 36,611.

Net worth doesn't include investments.

[Slashback 136]

This Simleon thing is in fact very exciting, let's see how much time I'll be spending on it.

[Jasoncw 11,839]

Neat! I've put 150 into a savings account.

I'm interested in the shop section. Will I be able to list services and then sell them?

[Cleaner475 150]

A very nice new feature, I've already started spending some of my simoleons on shares. Make's me interact with the site much more now and I agree with Kevin, gives you something to stick around for if your playing SC4 less nowadays,

Regards,

Richard

  Edited April 4, 2011 by Cleaner475  

[Dirktator 2,305]

Neat! I've put 150 into a savings account.

I'm interested in the shop section. Will I be able to list services and then sell them?

Well the shop will have items, though there's no mechanism for you to sell anything right now.

A very nice new feature, I've already started spending some of my simoleons on shares. Make's me interact with the site much more now and I agree with Kevin, gives you something to stick around for if your playing SC4 less nowadays,

Regards,

Richard

There will be some neat things to invest in, the fun thing about the ST Economy is that "market values" are based off of current site trends, but you're never sure what that could be (I'm sure the astute will be able to clue in, soon enough), for example, stock in "something" may be based on daily posts, total topics, replies, comment count, etc... So the idea is that it's not entirely random.

More will make sense over time! This is sort of a side-project the admins are working on, so expect to see new stuff crop up over time...

[astronelson 339]

Here's an economic discovery: voting a post up gives that person 100 simoleons at no cost to you. Do your bit for the wealth of others by liking those posts! It's like charity, except free.

[MandelSoft 2,769]

^^ That's a 100 simoleons for you then for discovering that

[Mikeaut1 261]

Nice discovery! I can't wait to see what else we find out through this new system. The admins are up to something good as always!

[antsel 841]

Question! What's the exchange rate from Simoleons to Pounds sterling? I'm thinking of making a deposit into my bank account.

[astronelson 339]

Question! What's the exchange rate from Simoleons to Pounds sterling? I'm thinking of making a deposit into my bank account.

The exchange rate is 1:i, where i is the square root of negative 1.

[Mithrik 562]

I advice to give a basic course of the new Simtropolis Economic System (Let's call it the STES ) to people like me how don't know how to get through all this new stuff.

By the way... FLAM Inc. What is this "company" or whatever?

[Cleaner475 150]

Thats 200 simoleons put into a nice little offshore account in Switzerland, I presume thats where the bank is located

Now if only I had more simoleons, I could begin my plan to take over the world.......

Mmmmwwwwahahahahahah!

World Dominating Regards,

Richard

  Edited April 6, 2011 by Cleaner475  

[Craig-Abcvs 1,595]

I am now the proud owner of 250 shares in yeah not exactly quite sure what yet...

...but whatever it is, it does have a slightly musty smell of old woolen socks.

I have also opened a savings account.

[Jasoncw 11,839]

How long are the time periods, when interest in the savings account changes?

Getting points for reputation is a good idea, since it allows people who make good posts in the forums to get points even if they don't upload to the STEX or make CJs.

[Duke87 1,070]

5% annual interest?

Damn, I wish I could put real money in that bank account!

[simmaster07 1,220]

Apparently, if your wealth is less than a certain amount of money and you make at least a post a day, you can go on welfare.

[astronelson 339]

How long are the time periods, when interest in the savings account changes?

The interest cycle is 30 days, with 5% APY (annual percentage yield).

The stock adjustment cycle is every 1,440 minutes (24 hours), but that doesn't seem to have started yet.

[AdoxxBE 289]

(2978)

Why is money in bank accounts not counted towards your net worth?

So we ask it here

[Vahr 341]

It appears that giving an uprate actually only adds +10, not +100...

Either way, Ive invested $5000 in savings, $500 in checking, and $200 (100 shares) in the stock

[Chptrk 86]

Okay...so each page of the economy stuff takes about 3 years to load for me, but I still went about putting money into savings and stocks. Apparently, I can't buy more then 1000 stocks, so that's all I bought. Do I get to be a board member of Flam Inc? I own..around 1/8th of the company.

[MandelSoft 2,769]

Just banked $5000. Switched my temporal high money status to a more permanent state...

[Chptrk 86]

Oh, now that I'm actually looking at the economy stuffs, I think I'd be nice if there was a spot that would tell you the amount the stocks were when you bought them, for those of us who don't write it down or remember. I suppose it could just display the price of them from the last time you purchased, in the case of buying at different times.

[Dirktator 2,305]

Hey guys, just letting you know, the economy is going to be frozen for a couple days while we flesh it out with more investment instruments and shop items. Stand by!

[Forthwall 1,118]

I see that we are using IBeconomy, are you going to replace all the shop items?