![]() ![]() The moral of the parable is this: the amount of bread needed to be created and given away must increase at an accelerated pace to maintain the $2.50 figure, and likewise, the value of bread will consequently decline at an accelerated pace. Those 5,000 loaves will become 6,000, which puts more downward pressure on bread prices than the original influx of 5,000, so the next time will be 10,000, then 20,000, then 50,000, and eventually there will be so much bread that bread will become worthless and Jesus will have to drop his goal. But now that the market has had that major influx of bread supply, the cost of bread declines, so the amount of bread Jesus has to give to the next wave of hungry people must go up if he wants to maintain his goal of giving $2.50 worth to each hungry person. He figures he needs to make 5,000 loaves of bread to accomplish this, and so he miraculously creates 5,000 loaves of bread and gives them to all these hungry people. If there is less overall value in the economy, you have to take a higher percentage of the system's value to keep chests at that fixed price.Ĭonsider this revised take of the Biblical account of Jesus creating loaves and fishes: let's say Jesus didn't want to give a loaf of bread to each hungry person, but rather $2.50 worth of bread to each hungry person. The acceleration in the decline of prices is a necessary consequence of keeping treasure chest values fixed between 2 and 2.5 tix.it's an economic truth and has little to do with Arena. Once you read his article, you can tell that that is the opinion of Koch as well (but the truth wouldn't have garnered so many clicks). While people and the market will come to their senses eventually – Magic Online will continue to be a platform that connects players to the new Mythic Championship series and provides the most affordable platform to play Modern, Legacy, Pauper, Vintage (and yes, Standard) – action is needed on Wizards's part, and specifically on MTGO Product Manager Alli Medwin's part, because the heart of the problem is that Treasure Chests, not Magic Arena, are predominantly responsible for causing this card value decline and making the Magic Online economy unhealthy. So many panic-stricken people sold their collections in response to the Channel Fireball article and Magic eSport news that Cardhoarder and MTGO Traders have temporarily suspended their collection buying. ![]() Although the market on MTGO has not yet collapsed, it is in some danger of doing so drastic action is needed – and fast. Right now we are seeing many people upset that their Modern and Legacy collections on MTGO have lost so much value. As in paper Magic, players need to trust that their cards will have value in the long term for the market to be healthy. And now, roughly $14,000.Īlthough it's now cheaper to buy into MTGO than ever before, this precipitous decline is too much absolutely, and too much too quickly. Before Arena went into open beta September 2018, it would have cost you roughly $18,000. One year later in September 2017 when Magic Arena was announced, that would have cost you roughly $22,500. ![]() To own a playset of the cheapest version of every Magic card ever printed on MTGO would have cost you roughly $28,000 in September of 2016 before treasure chests were announced. In a recent Channel Fireball article, Florian Koch showed just how much card prices have fallen over the past few years: ![]()
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