The developers of the hugely popular online role playing game FFXI, Square Enix banned hundreds of accounts in an effort to cease the practice of selling FFXI Gil for real money. The developers had also hoped to bring down what they believed to be inflated prices of the in game currency.
In FFXI, Gil is the name of the currency or money used by players of the online game. Gil can be used to buy items, weapons and other accessories at the many stores throughout the worlds in FFXI. Gil is earned primarily in battle.
Gil however can also be bought from the numerous currency providers offering this service to players who don't have enough time to earn enough to continue to make the game fun. This Gil comes from professional gamers or Gil farmers who are people who spend all day playing FFXI with the sole purpose of earning Gil that can be sold for real money.
The problem started with a recent investigation by FFXI's developers and game masters who discovered a large group of players apparently farming large amounts of Gil. Enix Square believed that this large influx of gil was resulting in an artificial inflation of normally stable item prices in FFXI, which was what alerted Square Enix teams that there might be a problem in the first price.
So the developers of the game concluded that since their was so much extra currency now in the game and limited amount of items, this was the causing the inflation problem.
After the investigation over 700 accounts were disabled and over 300 billion Gil was removed in order to return the in-game economy to normal. In terms of real dollars that amount of Gil would be worth about $5,000,000 USD.
However this hasn't worked according to plan, apparently the guys at Square Enix weren't required to take economics 101 when getting their Computer Science degrees. When you look at supply and demand, you cannot take 300 billion FFXI Gil out of the system and expect the price to go down.
What did happen, the price of gil is at an all time high. The price of items being sold in FFXI have also climbed higher not lower.
In FFXI, Gil is the name of the currency or money used by players of the online game. Gil can be used to buy items, weapons and other accessories at the many stores throughout the worlds in FFXI. Gil is earned primarily in battle.
Gil however can also be bought from the numerous currency providers offering this service to players who don't have enough time to earn enough to continue to make the game fun. This Gil comes from professional gamers or Gil farmers who are people who spend all day playing FFXI with the sole purpose of earning Gil that can be sold for real money.
The problem started with a recent investigation by FFXI's developers and game masters who discovered a large group of players apparently farming large amounts of Gil. Enix Square believed that this large influx of gil was resulting in an artificial inflation of normally stable item prices in FFXI, which was what alerted Square Enix teams that there might be a problem in the first price.
So the developers of the game concluded that since their was so much extra currency now in the game and limited amount of items, this was the causing the inflation problem.
After the investigation over 700 accounts were disabled and over 300 billion Gil was removed in order to return the in-game economy to normal. In terms of real dollars that amount of Gil would be worth about $5,000,000 USD.
However this hasn't worked according to plan, apparently the guys at Square Enix weren't required to take economics 101 when getting their Computer Science degrees. When you look at supply and demand, you cannot take 300 billion FFXI Gil out of the system and expect the price to go down.
What did happen, the price of gil is at an all time high. The price of items being sold in FFXI have also climbed higher not lower.
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