Post by: limitz on Wed, 25 March 2015, 23:55:34
But consider this, why is a hundred dollar bill worth anything? It certainly isn't worth the paper it's printed on, which amounts to fractions of a penny. However, the faith of governments backs currency, the expectation of all the users of the currency that they can easily exchange their denominated currency for an equal value of goods. Also rarity of the money. If the market floods with $100 bills, then each one is really worth nothing.
In this sense, I'd argue that ClickClacks are really a form of currency. I'd argue that the majority Clack transactions are done by trades. WTT threads are far more common than WTS threads. In this sense, Clacks merely function as the medium of exchange for goods, a form of currency in the community, with private sales periodically setting precedent for valuation. Different rarities of Clacks really just function as the various denominations, with clear and recognized price stratifications.
Liquidity in currencies is provided by the Federal Reserve, or a similar central bank; rules are made about the reserve rates, interest rates, and various other methods of control the bank has over the currency supply. The same is achieved in the here as mutual recognition of the future worth of Clacks keep liquidity high. In other words, it's very easy to sell or trade a Clack for either cash or for equivalent market value. Hardly any of the Clack WTT threads last for too long, and the ones on eBay always receive dozens of bids.
Even if you don't agree with this outlook. Then just view Clacks are part of the metagame. Do successful in trades and you might end up with something really nice from a seemingly nondescript piece of plastic. To question why Clacks, is to question why the entire skins/esport betting community exist. The keycap/skin merely serve as vehicles of exchange for value.
[TL;DR] When you give a $100 bill to a business, what are you really exchanging? What about vice versa, when you accept cash and give something away, why do you feel like that's a fair transaction? How much is a mere sheet of paper with some ink on it really worth? Instead of viewing Clacks as just a keyboard decoration, view them instead as a medium of exchange.
Post by: Joey Quinn on Thu, 26 March 2015, 00:04:40
Post by: noisyturtle on Thu, 26 March 2015, 01:28:05
Post by: 3Love on Thu, 26 March 2015, 03:10:20
Post by: Jokrik on Thu, 26 March 2015, 05:56:13
She threatened to sell it to buy new shoes
Post by: pr0ximity on Thu, 26 March 2015, 06:15:06
Post by: GenKaan on Thu, 26 March 2015, 06:57:47
When my wife knows the value of Clacks Im considering to lock my Clacks collection in the safe
She threatened to sell it to buy new shoes
Same but BroCaps and Michael Kors bags :(
Post by: MAR82 on Thu, 26 March 2015, 07:52:15
Same but BroCaps and Michael Kors bags :(
So you and your wife both want stuff that uses MK as it's initials! :D
Post by: psyEDk on Thu, 26 March 2015, 08:26:28
When you give a $100 bill to a business, what are you really exchanging? What about vice versa, when you accept cash and give something away, why do you feel like that's a fair transaction? How much is a mere sheet of paper with some ink on it really worth?
Nothing, but it's a great mediator for trade as it can be later on traded for other goods and services one may require.
Say i want milk. And i only have 5 key caps. Nobody i gonna sell me milk for that. But if i have some coin or paper money of their particular region they might sell me the milk if they have surplus stock, or in business to do so.
Caps are just caps. They have value only to the collector. Personally i prefer to use money to buy my stuff. I put in effort working to earn my money, so i can use it to obtain things i like.
Post by: GL1TCH3D on Thu, 26 March 2015, 09:20:04
They're still products that are resold.
They're just extremely rare with a high demand and therefore follow a classic supply and demand dilemma.
The government backs it's own money.
Nobody backs the value of a clack.
High liquidity doesn't necessarily mean that it can ever be a cash equivalent.
Post by: limitz on Thu, 26 March 2015, 09:39:18
When you give a $100 bill to a business, what are you really exchanging? What about vice versa, when you accept cash and give something away, why do you feel like that's a fair transaction? How much is a mere sheet of paper with some ink on it really worth?
Nothing, but it's a great mediator for trade as it can be later on traded for other goods and services one may require.
Say i want milk. And i only have 5 key caps. Nobody i gonna sell me milk for that. But if i have some coin or paper money of their particular region they might sell me the milk if they have surplus stock, or in business to do so.
Caps are just caps. They have value only to the collector. Personally i prefer to use money to buy my stuff. I put in effort working to earn my money, so i can use it to obtain things i like.
Obviously noone is going to give you milk for keycaps.
But my point of view, is that Clacks function as a form of currency *within* the keyboard community.
Post by: paicrai on Thu, 26 March 2015, 10:11:05
Post by: GL1TCH3D on Thu, 26 March 2015, 10:32:44
When you give a $100 bill to a business, what are you really exchanging? What about vice versa, when you accept cash and give something away, why do you feel like that's a fair transaction? How much is a mere sheet of paper with some ink on it really worth?
Nothing, but it's a great mediator for trade as it can be later on traded for other goods and services one may require.
Say i want milk. And i only have 5 key caps. Nobody i gonna sell me milk for that. But if i have some coin or paper money of their particular region they might sell me the milk if they have surplus stock, or in business to do so.
Caps are just caps. They have value only to the collector. Personally i prefer to use money to buy my stuff. I put in effort working to earn my money, so i can use it to obtain things i like.
Obviously noone is going to give you milk for keycaps.
But my point of view, is that Clacks function as a form of currency *within* the keyboard community.
Currency has to be easily carried and transferable.
Clacks have to be shipped to transfer.
Clacks are also not durable (enough)
Post by: qwerty6532 on Thu, 26 March 2015, 11:28:58
Post by: SpAmRaY on Thu, 26 March 2015, 11:37:03
What's a Clack?https://geekhack.org/index.php?topic=39794.0
Post by: SpAmRaY on Thu, 26 March 2015, 11:38:08
Post by: katushkin on Thu, 26 March 2015, 12:48:06