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Author Topic: Bank idea  (Read 3504 times)
Madrox
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« on: February 27, 2009, 09:22:20 pm »

idk if this ever been brought up but i think it would be neat to see that money we deposit in the bank draw some sort of intrest there would prob have some limitations to it of course like maybe the less money u have in it the higher percent and the more money in it the less percent
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germs
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« Reply #1 on: February 28, 2009, 12:27:40 am »

The amount that you can deposit in a bank is capped at 1 million gold before you begin to get penalized. The idea is pump gold out of your hands and back into the game. Collecting interest on how much gold you have in the bank is unlikely to ever happen.
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You are too exhausted to do that.
Dentin
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« Reply #2 on: March 02, 2009, 03:01:50 pm »

Germs is right, in that getting gold back into the economy is more important than allowing people to save it.  In the real world, there's this thing called 'inflation' that tends to stabilize things; every year, inflation makes your savings worth less if you don't put it to work.

How do you put it to work?  You deposit it into an account that bears interest, then someone else takes that money and invests it.  Or, you can invest it yourself.  If you stuff it into your mattress, every year it becomes worth less.

In the mud, the economy isn't big enough or open-ended enough to have inflation.  Rather, we have a different way of handling it:  the amount of money is held (relatively) constant through the use of offsets, total holdings by a single entity are limited, and savings are taxed.  So, if you don't put your money to work (spend it on a clan, trade it for eq, buy potions, etc) it becomes worth less through taxation.

This helps keep the money system functional.  We still need more stuff for people to spend gold on though.  All in good time.
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