View Full Version : <<HCLW>> DSE - Diablo Stock Exchange interest?
Alright a couple of things. If you haven't read about the banking thread I post earlier this won't make any sense, so go read if you havent hehe.
If you did read the thread (an hopefully all replies =P )
Then you know what the DSE is, so I'm basically looking for interest in who would like to join DSE. Also if anyone has input on a better name then the DSE lol.
Note that this is preliminary and I won't be forming DSE until say a week - two weeks from now, when I have about 20 puls (6 and counting), a full inventory of items, and say 350+ pgems sitting in the bank. Also I need to work out the details of membership, profit sharing, security measure/internal control ....etc before I can go ahead with this
Vender_Bender
15-05-2004, 05:50
When do you think we will be able to upload our minds into this matrix your creating :). I'm in as long as you agree not to restart us every time one of us comes close to destroying you : ).
</sarcasm>
Edit: PS it does sound neat if you get it up and running.
2_fingers
15-05-2004, 06:03
let me see if i get you. We unload our stuff to you and u pay us either in runes or gems... Two words
Good idea.
I'm interested but need more details before i commit to anything.
Well we know who your suppliers are for items where do you get all the gems?
PM me if you want me to help out with this
In simple matters what the DSE is:
There's a serious inefficiency between the trader - buyer matchup, so much time is wasted for both parties to get any trade done (inefficiencies: two parties with 2 different set of pricing, greed, lack of regulation ...etc so much so that its horrid to me as an economic/finance major). We're here to help, everyone wins. Think how the NYSE and othe SE provided the regulated and controlled environment for exchange, (before which, things are kind of like Bnet now.... lol) making trades between stockholders much easier. We're that link between the traders and buyers, its magic I tell you.
I'm trying to work out how the DSE should work, and what kind of responsibility / rewards members would get. Damn so much work to do
I'd be up for it... sounds like it could be fun, and it would be nice to take a bit away from the channel traders who mainly seem to spout, "I have godly xyz and want godly abc in return."
So, would we be looking at an account that you and said gamer (eg, me) would both know PW to? You'd check it for items and leave runes in return, or fulfill requests sent via PM or e-mail? That's what I'm envisioning.
I'm going to have to remember to stop IDing my items though.
It's nice because just about *anybody* can get PGems, and gives them a foot into the trading economy.
BrianK
Ok...I want to join, but it depends on you :)
Also, i have a question, If I have a item which can trade for 10pgems, can I instead take a 10pgems item?(this item is actually 8 pgems, give you the profit)
thx
DSE renamed to DEA - Diablo exchange agency
I realize that what the responsibilities and rewards for a DEA member is not clear at all, as it is the same with me.
So here is a rough rough draft along with some ideas:
There will be two segment to DSA which will be explained here:
A. currency exchange (new addition)
Self explanatory
B. distribution business (what I've always been doing)
The redistributor service I provide now is a totally different business then an currency exchange, which is a bank service. So basically the DSE really has two branchs, an exchange service and a redistributor business segment. They just so happen to synergize well together in terms of business sense hehe. Think campbell soup (producer) and distributors like walmart, Weis ...etc (me)
If you don't know me, then heres a breakdown of what i do:
I buy a bulk of items from suppliers, 120-300+ pgems deals, for a bunch of stuff, I then resell them into mainly: More pgems, runes pul/um, trade up for items that sells for more and faster. That's the basics of my redistribution service. The supplier saves time (not having to spam in channel all day and doing the trades and mules and what not @_@), and I make a profit. Its all good.
Mission Statement:
Segment A
A. Provide a currency exhange service
B. Stabilize prices of currency items and other commonly traded items.
Segment B
A. Improving the ease of trading for all parties through redistribution service.
B. Make a profit
Various responsibility:
Customer contact: going to all major forums and posting sales/exchange service, 1 person in channel at most times handling exchange and redistibution.
Supplier contact (Finding big time mfers and make them understand why this is good for everyone involved), also arranging purchase deals. Stimm/Jb my two homes :buddies:
Communications: communication of all members, might be a website, a forum where we congregate, also setting up a channel on bnet might be good idea.
DEA internal affairsHonesty, although we'll try to implement detailed accounting system (Econ this is all you) to keep track of all income and item stats and item numbers...etc, and internal security controls (accounts password management for example, just ways to tell if anyone stole what and to prevent dishonesty behavior)
External awareness + planningChecking hack forums periodically to protect DEA from disaster. Notice trends of changes in price and general relevant changes, then information is to be shared to the DEA through xxx(see communications) and specific information passed to the right person to change our policies in order to adjust.
UpdateUpdate of a price guide every week. on our website or a forum.
Still thinking
Rewards:
- You'll be given a Pgem dividend base on a our total income, factored in with your contribution in the period (we'll find some way). which we'll keep on the books, of which you may spend to get Puls/ums/items with.
- The usual clan benefit, private clan games, runs, connections, oppurtunities, a group of homes you can trust.
- Usage of all items in redistribution pool, must return when your done or if customers requested last copy of it.
- You may buy the item at any time and at a small membership discount.
This is a great feature because basically you'll have a huge pool of item at your trading disposal, if you spot a good deal somewhere, and you dont have the items, take a visit to the DEA vault and pick em up, then take the good deal. Or buy it yourself to complete the set! You'll have 1st dips on the incoming supplies at all time. Also I've been offered arrangements for buying higher end items like Tal armor, wf, +2 valor ...etc the sale of these items might be available to members only.
- You may exchange gem/rune at a small membership discount rate.
Of course to the really rich ppl this really don't mean anything for you, but do become an associate of DEA. It will provide you with many convient arrangements, such as redistribution :lol: and hooking up with ppl you can trust to say character lvl for you for a reward a member likes, and I'm always up to an idea or two (suggestions taken) in terms of ideas and arrangements that make your diablo experience better.
Stress points:
-A somewhat formal control sturcture because DEA does deal with very technical and complex accounting of trades and rewards, BUT I want the atmosphere to be light and causal, to best possible for members to just have fun, up to the point of not exploiting this motto, as there are some work and from what i understand a formal sturcture neds to be worked out. But hey rough draft, so no worries to balance this issue.
-We're here to Have a good time and enjoy the game, not get rich digitally.
-We want good members, mature, somewhat responsible, understanding...etc yap yap yap. So strict memberships, most likely limited to the people of this channel with a good history. for non-forum interest, they will have to register and go through a review period ...etc.
-I hope you like to trade, you'll be doing lots
emergency measures:
vs hack
Monitoring of a few big Diablo hack forum, when a hack that adversely affects DSE is loose, DSE will stop all transaction until further notice.
Bankrupt
If too many people trade in pgems for pul, we'll have say 3000+ pgems and 0 pul. I'm thinking on this one, as im sure people find a lot more 40 pgems then pul for example. This is have to be played around with.
That is all, and this is a rough rough draft.
Suggestions welcomed, ideas? Am I'm overdoing this? Although Im having a great time overdoing it :surprise:
I might be making so nice profits, but consider the hard work of setting this up and running the show and coming up with the idea :cheesy: .
On that note, if I can get a really active/responsible member/s (don't expect you to be hehe) I'll make him the vice-chairman
Edit: took me like 30 minutes to write between watching TV an eating noodles, Econ the answer is in here Im sure you'll find it =) Its under the reward section.
MerDeNoms
15-05-2004, 11:38
DSE renamed to DEA - Diablo exchange agency
I realize that what the responsibilities and rewards for a DEA member is not clear at all, as it is the same with me.
So here is a rough rough draft along with some ideas:
There will be two segment to DSA which will be explained here:
A. currency exchange (new addition)
Self explanatory
B. distribution business (what I've always been doing)
The redistributor service I provide now is a totally different business then an currency exchange, which is a bank service. So basically the DSE really has two branchs, an exchange service and a redistributor business segment. They just so happen to synergize well together in terms of business sense hehe. Think campbell soup (producer) and distributors like walmart, Weis ...etc (me)
If you don't know me, then heres a breakdown of what i do:
I buy a bulk of items from suppliers, 120-300+ pgems deals, for a bunch of stuff, I then resell them into mainly: More pgems, runes pul/um, trade up for items that sells for more and faster. That's the basics of my redistribution service. The supplier saves time (not having to spam in channel all day and doing the trades and mules and what not @_@), and I make a profit. Its all good.
Mission Statement:
Segment A
A. Provide a currency exhange service
B. Stabilize prices of currency items and other commonly traded items.
Segment B
A. Improving the ease of trading for all parties through redistribution service.
B. Make a profit
Various responsibility:
Customer contact: going to all major forums and posting sales/exchange service, 1 person in channel at most times handling exchange and redistibution.
Supplier contact (Finding big time mfers and make them understand why this is good for everyone involved), also arranging purchase deals. Stimm/Jb my two homes :buddies:
Communications: communication of all members, might be a website, a forum where we congregate, also setting up a channel on bnet might be good idea.
DEA internal affairsHonesty, although we'll try to implement detailed accounting system (Econ this is all you) to keep track of all income and item stats and item numbers...etc, and internal security controls (accounts password management for example, just ways to tell if anyone stole what and to prevent dishonesty behavior)
External awareness + planningChecking hack forums periodically to protect DEA from disaster. Notice trends of changes in price and general relevant changes, then information is to be shared to the DEA through xxx(see communications) and specific information passed to the right person to change our policies in order to adjust.
UpdateUpdate of a price guide every week. on our website or a forum.
Still thinking
Rewards:
- You'll be given a Pgem dividend base on a our total income, factored in with your contribution in the period (we'll find some way). which we'll keep on the books, of which you may spend to get Puls/ums/items with.
- The usual clan benefit, private clan games, runs, connections, oppurtunities, a group of homes you can trust.
- Usage of all items in redistribution pool, must return when your done or if customers requested last copy of it.
- You may buy the item at any time and at a small membership discount.
This is a great feature because basically you'll have a huge pool of item at your trading disposal, if you spot a good deal somewhere, and you dont have the items, take a visit to the DEA vault and pick em up, then take the good deal. Or buy it yourself to complete the set! You'll have 1st dips on the incoming supplies at all time. Also I've been offered arrangements for buying higher end items like Tal armor, wf, +2 valor ...etc the sale of these items might be available to members only.
- You may exchange gem/rune at a small membership discount rate.
Of course to the really rich ppl this really don't mean anything for you, but do become an associate of DEA. It will provide you with many convient arrangements, such as redistribution :lol: and hooking up with ppl you can trust to say character lvl for you for a reward a member likes, and I'm always up to an idea or two (suggestions taken) in terms of ideas and arrangements that make your diablo experience better.
Stress points:
-A somewhat formal control sturcture because DEA does deal with very technical and complex accounting of trades and rewards, BUT I want the atmosphere to be light and causal, to best possible for members to just have fun, up to the point of not exploiting this motto, as there are some work and from what i understand a formal sturcture neds to be worked out. But hey rough draft, so no worries to balance this issue.
-We're here to Have a good time and enjoy the game, not get rich digitally.
-We want good members, mature, somewhat responsible, understanding...etc yap yap yap. So strict memberships, most likely limited to the people of this channel with a good history. for non-forum interest, they will have to register and go through a review period ...etc.
-I hope you like to trade, you'll be doing lots
emergency measures:
vs hack
Monitoring of a few big Diablo hack forum, when a hack that adversely affects DSE is loose, DSE will stop all transaction until further notice.
Bankrupt
If too many people trade in pgems for pul, we'll have say 3000+ pgems and 0 pul. I'm thinking on this one, as im sure people find a lot more 40 pgems then pul for example. This is have to be played around with.
That is all, and this is a rough rough draft.
Suggestions welcomed, ideas? Am I'm overdoing this? Although Im having a great time overdoing it :surprise:
I might be making so nice profits, but consider the hard work of setting this up and running the show and coming up with the idea :cheesy: .
On that note, if I can get a really active/responsible member/s (don't expect you to be hehe) I'll make him the vice-chairman
Edit: took me like 30 minutes to write between watching TV an eating noodles, Econ the answer is in here Im sure you'll find it =) Its under the reward section.
I must say im very impressed. Initially i thought this idea was far to difficult to achieve so i waved it off as a sure failure. However, seeing as you (and others) have shown a persistant interest and the fact you have been working on this for a while shows you are in fact quite serious about forming this group. You also appear to be realistic with the outcome. I consider myself to be a fairly wealthy member of this community and i am interested in supplying higher end items and bulk items/runes. With enough trustworthy ppl this could be a reality; a wonderful new institution for rich and poor diablo players.
Thanks,
Mer
Another supplier sweet, :evil: now if I just raise the 13x more puls, perm another account and revise the clan draft, I'll begin recruiting members =D
Though there is a long term weakness in the idea, if the DEA causes an increased effort of gem hunts, more gems = more skill gc, and price of skill gc will go down, causing item to become more valuable relative to skill gc, which will make pgems' value to go down, that'll crash the whole exchange and redistribution segment as it revolves around a currency with theoretically unlimited demand (pgems). But thats too long down the road to worry, and who know how long this will last (if it even begins).
it took you 30min to type that things. all i can say it YOU ROCK!!! :yep:
Something to disappoint you, I applied for accounting major, but I am not "in" yet. The course start this september.
From what I see in your last post. You bascily want someone to keep checking what has been traded, how many pgems or runes or item left in a while. If this is the case, I think I can check it once a day (since i have school :( )if you think that's not enough, someone need to check it one time more, or maybe twice.
I think specify everyone jobs is important, but we need to help each other out. Let say we have 7 possitions.
Chairman,
ViceChairman,
Accountant,
Supplier,
Price renewer (can't think of a word for this job)
Hack or dupes checker (same as above)
maintainess of website or forum,
Chairman will basicly look after the "business" I think it is more like 1 person doing 7 jobs :)
ViceChairman will do the same as chairman, but he will probably be the one to do more things than chairman.
Accountant are the people who keep track of the acct.
Supplier are the people who give in items for pgems.
Price renewer, are basicly renew the trading guile every week.
Hack or dupes checker will be the one keep checking hacking website, and see if there are any special super dupes or hacks are out and we need to conisder what do to.
maintainess of website or forum will be the one who reply the question that coustoms have, so basicly the one to contact for consumer.
Although everyone's job is very obvoris, but everyone should help each other out, like accountant can be the suppier if he has a big time mfer. or that accountant has something important to do for 2 weeks, someone in the clan need to fill his place and work for the job until he gets back.
For further accounting question, i think i can ask my friend who is in accoutning major. (he is so smart.)
THx
Here's something to do for accounting for redistibution service
The problem is that the items we get all have different prices, they even change from supplies to supplies, so we'll have to track individual cost to these suckers (thank you excel). Also to keep the items that are IDed where %ed res ...etc matters, we'll have to record that as well. Then once they are sold we have to ensure that we know how much they sold for. Then at the end of say each day we'll record any items sold and find the gross profit (total sales - cost of goods sold), while keeping track of which items are sold in order to update sales list. A good account system along with good security measures will help ensure that there'll be less errors or shady dealings.
Member quality issue might arise once DEA gets bigger then say 5 or 6 people and incorporate non-forum members. Though I don't think it'll be that big an issue with just us forum goers.
Spotted problems:
When a DEA member is selling in the channel and finds a buyer, he can easily buy the item at a discount himself and resell it for that problem. Also he can sell items for a little more and keep the difference. For the 1st part, I have a good solution too (in my next draft), as for the second part, still working on one.
Another idea to you rich suppliers:
Salesman service
You can create an account full of mules, and fill each of their stash with stuff your trying to turn into pgems. We log onto this account and sell the crap for you, while taking say a 33% profit on each item we sell. If we have enough interested members then we can also include this service.
cloakshape66
15-05-2004, 22:33
wow a very ambitious idea I am kinda poor so I wont be able to help you much but I am curious as to how this turns out
There is no wealth requirement to join the DEA, in fact I would think that the rewards as listed are quite good and convient for the poor-middle class. All you need is what I've posted under the stressed point in my draft for DEA statement.
Here's something to do for accounting for redistibution service
The problem is that the items we get all have different prices, they even change from supplies to supplies, so we'll have to track individual cost to these suckers (thank you excel). Also to keep the items that are IDed where %ed res ...etc matters, we'll have to record that as well. Then once they are sold we have to ensure that we know how much they sold for. Then at the end of say each day we'll record any items sold and find the gross profit (total sales - cost of goods sold), while keeping track of which items are sold in order to update sales list. A good account system along with good security measures will help ensure that there'll be less errors or shady dealings.
Member quality issue might arise once DEA gets bigger then say 5 or 6 people and incorporate non-forum members. Though I don't think it'll be that big an issue with just us forum goers.
Spotted problems:
When a DEA member is selling in the channel and finds a buyer, he can easily buy the item at a discount himself and resell it for that problem. Also he can sell items for a little more and keep the difference. For the 1st part, I have a good solution too (in my next draft), as for the second part, still working on one.
Another idea to you rich suppliers:
Salesman service
You can create an account full of mules, and fill each of their stash with stuff your trying to turn into pgems. We log onto this account and sell the crap for you, while taking say a 33% profit on each item we sell. If we have enough interested members then we can also include this service.
Can you tell me how old are you? And Have you guradated?
Those ideas are so cool. And more organized.
I am looking forward on your next draft.
Senior, about to graduate. :cheesy:
I'll start thinking about the actually rough draft and get on that when I can
Vender_Bender
16-05-2004, 05:54
This stuff sounds pretty cool. I think you need to get someone web handy to build a beta webpage. I can see it now... you have your own link from dii.net and forum area on their forums.
I'll supply some if we can get this thing more established as in a potential members list, potential list of operators(people responsible for transactions etc), and a good forum/channel to post and talk about this stuff. This thread is getting so big ppl are proably not reading it all and are not understanding what its about.
Well i completed my first bulk trade with AJ and it looks like this should work. He gives me a list of items he needs , i goto my friends we get the list together , he gives us an insane amount of pgems and it only takes about 5 minutes instead of hours of spamming in channel and getting WUG and no thanks
RSX Type-S
16-05-2004, 06:13
sounds like a good idea
Vender: great idea, I was afraid of ppl not understand because of huge thread, I'll get in touch with Zappa, or if anyone knows who i should get in touch with to set things up with diabloii would be good.
web savvy ppl be awesome, I'll ned them :lol:
I'm pretty good at web design but I hate making them >_<
Hmmm... it really looks like your idea is coming together, congratulations! I only have 2 comments. First, the problem you mentioned about pgems flooding the market due to high demand, thus devaluing your primary currency. This could be devastating, so you'll probably have to divide your assets between the two most liquid forms of currency (pgems and mid-level runes, i.e., pul and um) to protect against this.
Second, how will you get high-end items? You might be able to trade mid-level runes in bulk for these, but you must accept the fact that some items will never be traded for pgem equivalents. The only solution to this problem is either a) not accept requests for such items, or b) get rich. You say that you're not in this business to get rich, but you want to make a profit. If you can make a profit, then eventually you'll get rich, so why deny the inevitable? Banks have to be rich to start off with anyway because you need money to make money. It's good that you're trying to acquire a good number of puls to start out, but I recommend gettting as many ists as possible also. Ist runes are the ultimate tradeables for high-end items, and this will solve the second problem.
Keep the ideas flowing! And whenever you open, I need to place an order ;)
uh oh, should i expect something like:
Whisper from EvilSuper5: Yo, I got 1200 pgems, wheres ma 30 pul runes? :evil:
uh oh, should i expect something like:
Whisper from EvilSuper5: Yo, I got 1200 pgems, wheres ma 30 pul runes? :evil:
Ha, I can't even afford one pul rune ATM. Seriously, though, I think you guys will do fine. The DSE (or DEA) is a really good idea; this is history you're making. You need a motto - "DEA: supplying D2 junkies since 2004".
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