Friday, January 30, 2009

Deep thought on day 1

Now I cant completely take credit for this thought but it is an idea i have been throwing around. About 2 months ago Greg, a friend of mine, and I were sitting in his dorm room up at cmc just talking and I don't even know how we got on to the subject but we started talking about this game called runesape. We both used to play the game about 2 years ago but then stopped as we got older. We started talking about ways we could make money in that game and discovered a way that was just to easy. Since runesape has been cracking down on real life trading, meaning people trading in game money for real life money, they put in a system called the Grand Exchange. This system basically connected you to every one in runescape and works a lot like the stock market. You put in the item you were selling and the price and some body would put in an order for an item along with there price. This saves so much time because in the olden days of runescape you would have to sit at a bank and type selling some quantity of a some item at this price. You could sell any thing for any price. Not with the grand exchange. Now the prices of all items are set within a price range thats based on the previous days volume of that item along with the price it was sold for. Still with me. read it over a couple of times. Because of this there is a simple flaw in the system that with a group of people with enough runescape money could very well use to make loads and loads of money. Do you see it. Maybe not and thats ok too. with 6 billion gp, dollars, of runescape money a group of people could buy up 5 days worth of an item in 1 day. then sell it the next day at a much higher price then they bought it for making profit in the billions. With a group of 10 individuals they could each pay 600 million gp and double there profits to about 1.2 billion in 2 runs of this system. Meaning if they bought up 5 days worth and sold the next day 2 times they would double there money. Sounds pretty good to me. I just don't have time to play the game. Any body out there who has the time and energy to put this plan into action go right ahead.
Thats my first deep thought please comment on what you think. I would love to have a discussion on this topic.

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