Tamako
Maybe for some items? :O My scarf still covers my katana no matter what I do >_<

Ohh interest things!! Huzzah!~ *goes back to petting Ama’s customs*

I finally had the time to look and watch the bank interest. I was rather shocked that the interest rate goes down instead of up when you have more in the bank o_o;. I get that it helps keep things from over inflating and making the rich richer, it’s just so, counter intuitive to what I’ve had with all the other petsites. Now it’s hard for me to figure out what’s the best way to save up. Oh I know about the games (though the only one I can play is the cave in and I don’t even make near the max daily amount.) and RPing (though I have yet to generate interested people), where as with the banks on the sites it’s allowed me to make a small amount as I set goals to get the highest interest rate.

Oh well, sadness to notice this but, I know it wont matter.

Oh I know Shima c:. It’s the only place to keep them anyway (besides on hand and that doesn’t add/do anything). I guess it’s just sad to see it go down. It, makes me not want to save up cause I want to see it go up not down xD.
My hope is one day they’ll change this and make it so that the percentage goes up when you add more and only down if you take out large amounts

The amount of nuggets you get still keeps going up, though, as you can also see in the graph glitch made :3 It’s actually already better than before, where at some point it’d just inflect completely & only go down. On top of that, the actual amount of interest you get here is super high very quickly as is. I mean, it’s hard to have to combat interest rates like these even with a steady economy, already!

(Rather, I’d looooove to have interest rates like there irl, lol xD)

A quick clarification about the interest rates: as your bank balance grows your interest percentage does go down. However, the change means that as your bank balance grows your daily interest payment will not go down, regardless of how many nuggets you have. We won’t ever have a system where a higher balance results in a higher percentage.

A viable alternative to the reducing percentage would be a fixed interest rate, but it would need to be significantly lower (somewhere between 2% and 3%). We feel would be far less newbie friendly, which is why we chose the reducing percentage system.

I hope that clears things up :)

Oh I understand Glitch, I guess I should, try and clear up what I’m saying, since I guess I’m not as clear? I’m not trying to argue, just stating why I am sad to see the bank percent change, and discuss it. And just say why, for me the other way of banking percent has been good for players like myself, and show it’s not evil xD.

I understand it’s more friendly for newer players, and that even though the percent goes down, the amount collected still goes up, it’s still something I hope (personally) changes so that the percent goes up. When I see the number go down, I still want to some how reach into the bank and change the number for the grater than lesser. I’m just used to the banks that go:
-Beginner Saver 0-5,000 (depending on the output of site currency), which let’s say earns 2%
-Next level up 5,001-7,000 let’s say this one earns 4.5%
etc.
I know it makes it harder for newer players. But, for every site I’ve played with that system I’ve managed to eventually work my way up. I’ve also had players who have an abundance (the richer players) be kind to me on those sites and gift items or currency to me and other players who are new or in need.
Plus for players like myself who get rather busy at times, being able to grow on just interest can really help for when there are items that come out you want to buy but had not had time prior to make the site currency.

I know both systems (on how sites set up their banks) both have their good and bad points, it’s just more gratifying to see both percent and daily payout go up. Just, stating my thoughts is all.

Definitely no. Any and every site I’ve ever been on that has an increasing percentage of interest in the bank based on how much money you have in there has had the most broken of broken economies. It makes it far too worth it to sit on amounts of money that will ultimately increase to ungodly amounts for doing absolutely nothing. Interest is not designed as a form of income, it’s a nice extra that is really completely unnecessary to have anyway.

Interest in IRL banks is because the bank itself is investing the money you’ve deposited (though perhaps not you specifically, they’re just investing money they have at the time) and then getting a return on those investments. (At least to the best of my understanding. Perhaps I’m wrong need and someone to clarify.) Thus, getting interest in a bank is to encourage you to deposit money there and then in return, thank you for depositing that money. That’s how banks make their money: investments.

On Mycena, there are no investments the site is making with our virtual currency. (Unless they suddenly institute some sort of investment system but please, no. Please.) Thus the interest given from the bank is free. Absolutely free. Upping interest value based on amount of Nuggets in the bank will fracture the economy. Things will slow down to the point that there is little buying going on because it’s more worthwhile to hoard pure instead of making temporary investments in the form of items and pets. It’s the equivalent of printing money. And we can look back at history and other websites *coughgaiacough* to see why a constant inflow with little to no outflow of currency is a bad thing.

Messymessy post. *goes to eat dinner*

Quick disclaimer: we have no intention of changing the interest rates. The “viable alternatives” below are presented as discussion points only, and not as possible alternatives for the Mycena Cave bank.
——————

Insigne: IRL banks have fixed interest rates - you don’t get a higher interest rate if you deposit more money into your savings account. A system like that would work here, too (albeit at a rate of 2-3%), but when we were discussing the bank before launching we decided that giving low-balance accounts a little boost would help get people started, hence the higher interest rates for lower-balance accounts.

Yet a third option would be a hybrid approach: have a lower starting interest rate (~4%), increase until it reaches the point where it would intersect the decreasing rate we have now, and then change direction and decrease back down again (I think we did this on Digis for a while?). This would let people see their rate increase as they deposited more money, and then start decreasing again if it reached the point where the amount of interest they were earning started to become a problem. However, the system we have in place now is essentially exactly the same thing but with more interest for people with smaller accounts, which is why we chose it.

I just noticed the awesome new settings in the forum history! Thank you for this!! :D

On interest rates, the current one sounds perfect to me. It’s good to have control of site-generated currency so the economy doesn’t explode, and it still helps newbies out. The other day I was just thinking about how frustrating it seemed to max out and not be able to get anything more from the games, but I realized that I’ve been earning…a lot of nuggets, compared to when I didn’t max out every day(I only just recently figured out a strategy for cave in, lol). And if there wasn’t a limit, I would have to play cave in much longer than I already do just to keep up with people who have more time on their hands, because nuggets would start to devalue like crazy.

Wheeee! Karasses now have their own pages!

We replaced the “anniversary” box on the pet profiles to be a link to the karass page instead, so you can celebrate your pets’ love for each other and have a convenient place to write about their union / put their lovely art :)

-SCREAMING AND CUDDLING ALL HER COUPLES AND DECORATING PAGES-

*grins all over the place*

<3

I don’t think we have…

o3o

Oooohh, how lovely~ <3
Makes me want to put something on that page now. @u@

This is a super nifty idea, I absolutely love it.
It’s also cool to see the pair with their children in one place :D

Guys, chapter 2 is up! :D

And it is so good, and I am full of many feelings now ;______;