Vault Interest

August 14, 2015, 5:11 am by

Are you doing this godforsaken "changing things out of the blue with little or no explanation, and ACTUAL explanations are given later AND have to be hunted for in posts/comments" crap again? Really? Really?? Absolutely NOTHING was learned from the LAST handful of times?

I mean, not that I care about removing interesting, because bank interest was essentially worthless after you nerfed it. LMFAO What EVER am I going to do without my handful of extra pennies per day?

But proposing a tax? Fragging seriously? I knew there was some serious shortsightedness going on here, but that's just ridiculous.

I am so close to being done with this site. It's being driven headlong into the ground and I don't particularly want to be around when it finally goes down in flames...

(P.S.: For the record, if you're ~~oh so concerned~~ about the amount of SP floating around, there's a novel and LUDICROUSLY SIMPLE approach to getting rid of it that doesn't involve alienating whole swaths of your user base - GIVE PEOPLE SOMETHING THEY WANT TO SPEND IT ON. No, I don't mean even more piddling cheap stuff in the regular shops, and I don't mean grotesquely overpriced crap in specialty shops that's so expensive that no one WANTS to buy it, either. I mean nice, well-crafted stuff of the quality you find in the Cash Shop or even the various specialty points shops, at MC price points. Hell, make the things limited-edition and retire them after a month or so to REALLY drive up the perceived value. Fragging seriously, though, ALL of the really desirable, high-quality stuff can ONLY be bought with SPECIAL TOKENS - CSC, Wizard Tokens, Forum and Quest Points, etc - unless you buy it from another user, which doesn't remove SP from the system. Give users something NICE and DESIRABLE to spend their pixel money on, and I can guarantee that that pixel money will start to drain off pretty quickly. It's basic Economics 101, JFC... people don't SPEND if there's nothing they want to BUY.)

August 14, 2015, 4:25 am by

Sounds pretty fair to me.. though the reason should've been stated in the newspost rather than in the comments.

August 14, 2015, 4:24 am by

Another idea: Give out rewards for deleting sp. Some achievements and/or items.

For example: Deleting 1x 10,000 sP voucher --> giving out an achievement Deleting 10x 10,000 sp voucher --> giving out a new book and an achievement Deleting 25x 10,000 sp voucher --> giving out a weapon and an achievement Deleting 40x 10,000 sp voucher --> giving out some clothing and an achievement Deleting 100x 10,000 voucher --> giving out 20 CSC and an achievement Deleting 125x 10,000 voucher --> giving out a couple of stats for the active pet and a final achievement

Just an idea not a thought through plan (:

August 14, 2015, 3:26 am by

Oh lord.

August 14, 2015, 3:06 am by

Quote

that&;s something other sites don&;t have

Eh, I realized I was sort of wrong about that, but my point still stands, they could choose not to give out rewards at all

August 14, 2015, 3:01 am by

Thank you! Seriously thank you! _ I love you for your post. A million times: thank you.

August 14, 2015, 2:53 am by

[] glad someone appreciates what I say ^^

August 14, 2015, 2:44 am by

btw your comments give me life

August 14, 2015, 2:36 am by

Going through the comments and, you know what, I am so sick of the elitist attitude some longer-term members of the site have. I've been on for five years, not as long as some but I'm not exactly a newbie either. I swear every time a feature is removed or changed, there are people that whine about how the staff is apparently somehow doing a disservice to longtime members. That the feature in question somehow made it more "special" to be a long-time member, that taking it away or changing it is somehow removing a "reward" for being members for so long.

Frankly, I find that attitude disgusting. So you happened to find the site earlier than some people, how does that make you so special? Why does being on the site longer mean the staff should treat you any differently than other members? How does it make any difference whatsoever how long you've been on the site?

You ALREADY get rewarded with a loyalty box every year, and that's something other sites don't have, at least to my knowledge. Unless they've changed it, you only start getting them after you've been active on the site for at least two years. Those that have been on the site longer have had more chances to get these loyalty boxes. THAT is your reward. There is no reason why you should get any more than that. The fact that you just happen to have been on the site longer does not entitle you to anything.

And for the people worrying over what MIGHT happen, just...stop. At least stop making a big fuss over something that hasn't happened yet, and might not happen at all. If a problem does come up, I'm sure the staff will work to find a solution. It's not like the interest feature can't be brought back if removing it does in fact prove to be more problematic than it's worth.

Besides, for both groups addressed above, it's just a web site, it's really one big game, and there are plenty of other sites like it out there. It's meant to be fun, and if you don't like something, there's nothing stopping you from leaving.

August 14, 2015, 2:29 am by

i do NOT like a flat rate shop tax. that is stupid.

August 14, 2015, 2:13 am by

My older formerly valuable donation boxes and older items are made worthless by the site re-releasing them and bringing down my values already.

August 14, 2015, 1:36 am by

First off, hell no. And second, here's a newsflash: inflation is NATURAL. Nothing you can do but raise prize output and the ways we make sp to match prices the same as the real world rolls with inflation. Money has always been a scramble, there's no way to change that and TRYING to change it is an exercise in futility. So stop trying.

August 14, 2015, 1:23 am by

YouÂ´re wrong in thinking that items will sit forever in the shops an no one will buy them. Sellers will drop their prices when they see the items arenÂ´t bought. They are FORCED to drop the prices. Yes, at first the prices will rise because no one wants to lose money. But over time prices will go down an I think they will drop pretty fast.

August 14, 2015, 1:11 am by

There's a very uneasy feeling all around here:

This news post comes up and just out of the blue tells user base that 3% Interest is being taken down.
In this same news post, also out of the blue, an even more shocking announcement comes in where it's being said that users will (more than likely), instead, be forced to pay 3% on each purchase made in shop search.
3% on 1 million sP is 30k in forced additional pay for users. 15k on 500k and 7.5k on 250k.
Because of this, I'm willing to bet that users will be raising prices on items in shops to compensate for loss of sP.
Higher prices on items = not being able to purchase items for quests as quests' payouts would not equal what would be spent on the items plus profit.
Not being able quest renders doing quests pointless
Only way of making a small amount of sP/day if unable to quest due to item costs being more expensive: play games
Games don't pay out that much and would, in exchange, take forever to earn sP on this site.
Taking forever to earn currency on site will make items take forever to obtain and make said same items sit and rot for ages.
Nothing being bought and sold and frustration becoming very real due to not being able to earn much for currency anymore = site at a standstill (and starts becoming like Neopets).

I just can't see anything but a downwards spiral happening from this. If it's thought that the so-called economy is a mess now, watch and see what will happen if this new idea for mandatory taxes gets implemented.

August 14, 2015, 12:56 am by

The money is taken because otherwise it would become useless/worthless. Honestly: What good does it to have billions of sp when they are worthless? You would have a big number in your vault but could not buy items with it.

explained it really well. ItÂ´s sad that rational arguments donÂ´t sink in.

: Maybe there could be a tax system where users actively choose the tax rate (say level 1 is 1%, level 2 is 2%, level 3 is 3% and level 4 is 5%) every month. And at the end of every month they are rewarded with a new item or a voucher for the MC (or another shop, doesnÂ´t have to be the MC). The higher the tax rate the bigger the reward.

August 14, 2015, 12:23 am by

.. sorry sweetie .. Nanny Old School .. I take my bank account book to the bank everyday .. to collect my interest .. Maybe you dont care or want your interest .. but I depend on it .. and Taxes .. omg why do i have to have my money i worked hard to make to just give it away .. or have it stolen from this ol lady .. wont have anything ,, i do think its wrong ,, JMO

August 14, 2015, 12:12 am by

That is my worry. My only issue with this is what if prices raise to far out of reach for new players to find this site worth playing? The older players that have sP built up may not have so much of an issue but for right now it may hurt newer ones.

I guess it's a wait and see how it goes. From what this thread on the forum said it may not be so bad after all. I hope that if it starts to damage the economy to much that Keith removes it and does something to fix the prices again so they drop. I figure one way or another Keith will fix (if the taxes make prices to to far) or correct the economy from its current state somehow.

It's not /terrible/ but the value of sP is seriously dropping.

August 14, 2015, 12:01 am by

sometimes this community tho

ayy lmao.

August 13, 2015, 11:46 pm by

I've been seeing a bit of "other sites use taxes and it works, so it'll be fine here" going on, but those other sites that have taxes STARTED with those taxes implemented from the beginning. Flight Rising has had a tax on purchases since it opened so it was worked into the site. But when you add taxes to an already existing system, things are going to change for the worse. There's no set zone from the start, so people WILL start raising their prices to accommodate for lost sP through those taxes. So, even though the goal is to make sP more valuable, it will still cause items to skyrocket and become not affordable because no one wants to be taxed for something they weren't being taxed on before.

August 13, 2015, 11:41 pm by

The problem is, that the economy IS broken or is getting there. There are too much sp in circulation and every day more are generated. This leads to losing their worth. You can have billions of sp and are not able to buy anything because they are worthless. Removing the interest stops generating useless sp (aka sp you havenÂ´t done anything active for) and a low tax wil remove sp from the system, not inconvenience the users too much and stabilize the WHOLE economy.

August 13, 2015, 11:38 pm by

...come to think of it prices for things will probably jump even higher if a shop tax was implemented XS

August 13, 2015, 11:37 pm by

Quote by keith

I don&;t think that the vault is that important. Per the discussions on the forums we&;re likely going to move away from Sebastian taxing via random event and instead impose a user shop flat tax (3% or something) on all purchases, which will remove a good amount of sP from the site daily and also make it so that the vaults are kind of worthless except for having a place to put your sP. We aren&;t incentivizing people saving up billions because that isn&;t behavior we really want to encourage.

Okay this isn't cool. A 3% shop tax on every purchase will make users so broke so quickly that heads will spin. I honestly think that that would be an incredibly cruel move. That'd be 30k on each purchase valued at 1 mill. Come on now. That really isn't fair XS The Sebastian Phoenix RE is better than this horrible proposition!

I think that there should be a much better way of equalising sP on site than just deliberately taking it from players via this route. Forcefully taking sP through this potentially new shop tax system that players work hard to earn just gives a very bad feeling all over.

No...just...no...

August 13, 2015, 11:28 pm by

this is so dum .. you want real life .. this is a pet site to play .. we have enough real life already ... no intrest stupid .. taxes .. well that stinks .. well i just wont buy anything ,, and wont sell anything .. my oh my whats left to do here .. nothing .. sad and stupid .. word of advice ,, DONT FIX .. What aint Broken JMO

August 13, 2015, 11:27 pm by

If this helps I am going to be for it. I just wonder how many people are going to wind up not buying or having a shop anymore. >_<

August 13, 2015, 11:23 pm by

Goodbye my 6,274 interest xD

August 13, 2015, 11:16 pm by

That blows!

August 13, 2015, 11:14 pm by

While I make next to nothing off my interest, I still disagree with this. Any bank gives interest on your accounts so why wouldn't our "bank" here?

August 13, 2015, 11:12 pm by

I remember when they cut the interest percent in half. I was earning a good chunk of money each day with 13% and now it's a just 3%.. They should have just gotten rid of interest a long time ago instead of cutting it in half, barely earning anything each day..

August 13, 2015, 11:06 pm by

I have 19 Morty cards in my vault.

August 13, 2015, 11:05 pm by

Way to fight inflation subeta :D <3

August 13, 2015, 10:56 pm by

Interest Per Day: 21,637 When my interest rate went from 5% to 3% is when I forgot to collect interest in my account. So I guess this won't hurt me too much. I will wait to see how the economy settles down.

August 13, 2015, 10:38 pm by

I wholly agree. I'm not even all that wealthy. Sure, I have enough to be above the average in non-asset sP, but the interest can REALLY mean something. I use it as a benchmark of sorts, and it helps me decide where I'm going to save and when I'm going to buy things. It also allows me to afford to help people out without breaking the bank.

August 13, 2015, 10:34 pm by

Sounds fine. Hopefully it will be an improvement to the economy.

August 13, 2015, 10:24 pm by

If taxes are added, please call them something else. People freak out when they hear that word. Call them cupcakes, everyone likes cupcakes.

August 13, 2015, 10:22 pm by

At first I was very upset about this. However, I scrolled aaaaalllll the way to the first comments to find the reasoning, and after reading your first explanation, I agree with this change. Of course I'll be sad to see this go, but I agree that as of now, it's just helping the whole "the rich get richer" thing and hurting the economy.

HOWEVER, I feel like the staff should have put that explanation in the actual news post. It would have been much more informative from the beginning, and I hope that the staff will explain things better in the news post the next time a big change like this occurs!

August 13, 2015, 10:21 pm by

I see this being counter to what you expect. Sure, the ones who only show up to collect interest don't give a ton of views to you, but they DO give views. If you nix the reason some people do bother to give 2-3 clicks a day, you're going to kill off quite a few clicks to the site, hurting revenue, hurting the site.

August 13, 2015, 10:15 pm by

No tax on user shops, is why I liked subeta...

August 13, 2015, 10:04 pm by

I appreciate your announcing the change, but would like to state that I disagree with your reasoning and the choice of the changing. I get that not everybody collects the interest, but to take it away just because not everyone does it or does it regularly? I thought that there was some equally "thought out" reasoning for lowering the interest, and capping it at 3%. I know it does not seem significant to some, but it does mean quite a bit to me. :( Again, thank you for updating us on the change, even if we do not necessarily agree with that change.

August 13, 2015, 9:46 pm by

At first I was sad because free money is cool, but whatever. MY HEART WILL GO ON.

August 13, 2015, 9:40 pm by

Quote by Keith

Most users (really, actually, most users) don&;t collect interest so I assumed those who do and are interested would click through and read my reasoning, which is what has happened.

That is a very good point, but I still would have appreciated avoiding the WTF SUBETA anger feeling that came from reading the sparsely worded announcement. I don't like feeling angry, and on top of it, after reading the explanations, I feel rather silly for even feeling angry to begin with. I would have liked to just avoid that negativity altogether by having more information/explanation provided before I had time to react to just part of it.

Also - eep, potentially retiring achievements! This is going to be me while I figure out how much more sP I need Sebastian to take and how much I need to have out at his minimum percentage to make it happen: Except probably involving more calculators/Excel than the whole "A Beautiful Mind" thing.

August 13, 2015, 9:36 pm by

People with not much SPs in the vault won't care about this because they don't make enough interest to be worthwhile, but some people who have been diligently saving their SPs get up to a million a day in vault interest. I use the interest to help pay for pet training. Don't like this idea at all. :( Liking Subeta less and less lately.

August 13, 2015, 9:29 pm by

Okay I read all fo this. I'll try to be concise.

Interest was a bonus for me not being able to spend time gaming and restocking. I will miss my 115K mightily. It helped to add a little to my savings for things I wanted to buy when I had the time, and took a small bit closer to being top 150 richest. I never had goals to get farther than that because I don't have the time to play to make sP religiously anymore.
I always hated Morty King, seemed so much like that bank skeith. Hated him, too.
What happens to the morty cards we used to give a couple year interests buff ? Will they be returned or repurposed in game ?
If you don't want us to save billions, why have richest user achievement ? I'm still saving because I want to. There's few incentives FOR ME to part with a billion+ sP, sorry. Once I vault it, sP tends to stay there. I'm one of "those"
I definitely would prefer sebastian to shop taces. If we are taxed on urchases, why even have the discount cards ? I also do think that most users will increase their prices to account for the "lost" wages, unfortunately.
I get the exclusivity of items, bu why punish new users for not being here ? If items are rereleased, they're USUALLY done in such a way that it doesn't drastically devalue things, and does provide a sink, either tokens, crystals, or sP. Even though I feel a lot in the islander/pirate shop are ridiculous, I'm still glad they're high enough to retain that sort of exclusivity that people like. Let someone work for those items.
Fuck you Morty. I don't miss you one bit.

August 13, 2015, 9:23 pm by

I think sP sinks that people actually want to use (repeatedly if possible) are more enjoyable than taxes. People tend not to like to have their money taken for nothing immediate in return. It's kind of a lazy approach to the actual issue, where the main source of sP is being generated from quests.

August 13, 2015, 9:08 pm by

So I had to scroll through this thread to read what was going on (I swore this was a forum for this but I had to read through news comments)- and a user shop tax? Really? Why not make it an NPC shop tax, like a sales tax of sorts? Users will only raise their prices to match the new tax if they're in user shops. Not liking this proposed change at all.

August 13, 2015, 8:59 pm by

Anyone want to fill me in on the whole taxes thing? I thought it was just interest being taking away! What did I miss?

August 13, 2015, 8:51 pm by

I never collect interest anyway because I love seeing 0's and 0's only. On a site where you can play make-believe and have billions, I indulge myself with perfect pretty numbers in the bank. ;--;

August 13, 2015, 8:43 pm by

lol Morty cards increased

either way no biggie i barely collected unless i remembered

August 13, 2015, 8:21 pm by

Wow this comment section is really blowing up. This is a good change and a flat tax to user shops would be too. It is important to combat sP inflation and that is how it is done.

August 13, 2015, 8:20 pm by

I see your getting rid of ways to make sP and raise you getting rid of sP all together.

I propose a new plan. We focus on hiring uber-man 2000 (He is forced to use this as a UN) to figure out how to tell with 100% certainty when someone is using an auto refresher. Those people are insta-banned. Now with Part 1 of my plan up and running we get rid of all currencies and start from scratch with ONE currency on site. I call it the Super Subeta Point (trademark not pending). You are rewarded a set about of ssPs for a set amount of time you are active on site. (Hence the need for Part 1 to be completed). You can also buy these ssPs straight with cash from the cash shop. Every single item ever released uses these ssPs. Every year you're on site, your totem opens to give you say... a 5% bonus (possibly more) of your total for the year. That way, you're rewarded consistently for activity or being rich in real life (that's how the set up is meant to go anyway). All quests now don't give you any ssP reward per finishing each quest, you simply get the same reward for all quests, by spending your time doing them. Each NPC quest just focuses (as they do anyway) on asking for a specific set of items.

DO I WINS? No? Okay then... I'll go back to cursing Saggi while I quest.

August 13, 2015, 8:05 pm by

Really?!? I've been working so hard to get my interest level up and now you are taking it away? Not cool!

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Vault Interest

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