Capping Credit Market Price

[Zephore]

500k should look a lot more attractive selling at, than 250k for example.
Lol

[DezNutz]

The problem with the credit exchange is that there is no defined mechanism to value a credit. Its value is entirely at the mercy of those selling on the market.

[sXs]

The problem with the credit exchange is that there is no defined mechanism to value a credit. Its value is entirely at the mercy of those selling on the market.

This actually spurred an idea. Maybe we could put credits on a "gold standard".

Working on details .....

..... time to revisit first year macro-economics class..

[Most Lee Harmless]

Fixed exchange rates?

Suggest you examine Soviet Russia, China, North Korea and a few other 'enlightened' regimes for both insights and potential 'difficulties' in that approach.

[Shadowood]

As the CRX currently has no credits for sale at any price, following a period in which the current cap of 500k (yes, there is a cap already) has been met for several weeks now :

Quite how will instituting an even lower cap encourage credit sales when the current maximum of 500k is not encouraging any sales at all?

If the market runs out of credits, simply head over to Pulpops bank and buy from him. Banks can set prices higher than market cap of $500k each.

Pulpop be a poor sailor and he needs shiny gold coins for his 7 starving children.

[sXs]

Fixed exchange rates?

Suggest you examine Soviet Russia, China, North Korea and a few other 'enlightened' regimes for both insights and potential 'difficulties' in that approach.

Not at all what I have in mind.

[Captain cudeggs]

ya let it stay people wil sell if they want to thats not a price thing also the reason there arent any is cause i keep buying them all XD

[Asteria]

Nobility Mission #9 Posting for the 10 credit reward.

[Lil Lola]

ya let it stay people wil sell if they want to thats not a price thing also the reason there arent any is cause i keep buying them all XD

No worries honey lol. More people buy then sell. Lol.

[Shadowood]

Nobility Mission #9 Posting for the 10 credit reward.

Welcome to the forums Asteria!!