#killing the bit
Text
Hermit Permits- or Hermitconomics101
I would just like to start off by saying I adore the concept. It's perfect. But also, I'm a massive nerd and I wanna talk about it.This is such a fascinating little economic model. Like, the usual hermitcraft economy is already so fascinating.
Warning-Long post! Also might Slightly skew your perspective of the Gimmick.
At first Glance, the Hermitcraft economy is the epitome of a Perfect Market economy -the basic selling/buying market you think of when thinking of markets-which has a few requirements
1. Homogenous products: gunpowder from Doc's shop is the same gunpowder from Tango's or Iskall or whoever sells it
2. No barriers to entry and exit: anyone can decide to sell. The technology's there. Any hermit can decide to make a farm or manually harvest something, set up shop and sell
3. Sellers are Price takers: If say, X and False are both selling copper ingots (for example), and X prices his higher than False (and they both keep their shops stocked), Hermits will buy from False. So X has to price the same (or lower but shhhh) than False.
4. Product Transparency: If you pay 1 diamond for a stack of iron blocks, you know you're getting 1 stack of iron. (usually) no shenanigans involved
And now the interesting point->
5. Many sellers- In a perfect competition market, the market is usually saturated with sellers, to the point that everyone needs to price the same, or at exactly the cost of production (or whatever needs to be to have the last seller joining the market to have economic profit of 0 but that's real hard to count in diamonds). Usually, this is done by having many firms coming in (free market remember) and undercutting each other until it's at the point where Supply is equal to Demand (yes, exactly the graph you're thinking of). In hermits' case, rarely is there more than one shop for an item unless there is an obnoxious amount of demand for it, and often, they'll buddy up in the same shop and split the profits and the work (I'm thinking of all the wood groups) for the highly in demand items. (More on that later).
So the sellers aren't usually competing with other hermits to sell resources- they're competing with the hermits' other way of procuring resources- The Endless Grind
Think about it- The rule of thumb for establishing the scope of a market (and its competition) is to ask yourself- where do I go if the shop becomes too expensive? In our real-life situation, we go to other shops- hermits just roll up their pixilated sleeves and get to work themselves. They are the alternative. (or Lag but stealing throws off all economic models so we're assuming it doesn't exist.)
A hermit shop, to have sales, needs to price its resources low enough that other hermits will see it as a better (cheaper) alternative than acquiring it themselves.
But Nemo, I hear you ask, isn't it always going to be cheaper to collect the material themselves? All the hermits already have all the tools/technology they'd need to get the resources they'd want, so shops wouldn't work.
But they do work, every season hermits "get rich" which implies there's something "wrong" with my model, which there is.
It's Time. That's the main currency in Hermitcraft.
Any hermits can decide to get any amount of resources with no real limit except Time. Sure, some hermits are more likely to build farms and have it done quicker than others, but all of them can decide to pick up a tool and just grind away (which they do, often). The point of the shops is to be convenient. You could spend 3 hours getting 15 stacks of oak wood, but you could also drop 30 diamonds at Ren's shop and get that done in less than a minute. Which, when you're a content creator on a tight deadline, already spending hours upon hours just building and editing and living outside of work, time is precious. So Time is the real trading currency on HC.
And so there comes a wrench in the plan as you have 2 "types" of goods- you have the Sellers' resources (that cost you diamonds but less time) and your own resources (which cost you Time but fewer diamonds)
Which invalidates point 3. Price Takers- There are 2 very different prices, which you are willing to pay at different times to different degrees. Somedays, they grind somedays they pay.
And thus, there goes the perfect competition model-
~~And in comes Monopolistic competition.
Now, listen to me, this is crucial ish- this is not the same as a Monopoly.
Monopolies imply there is 1 seller. 1. there is 1 way of acquiring the good (at this point in time) (everything is taken as if time is held constant). YouTube has a monopoly on hermitcraft videos (kind of). You can't watch Hermitcraft videos anywhere else, as the hermits don't upload their videos on other websites. If YouTube started charging 10000$ per video watched, you probably wouldn't watch hermit videos anymore. That's a monopoly.
Monopolistic competition is when a few firms sell slightly different products. Think Pepsi and Coca-Cola. They're functionally the same thing (don't @/me for this), but they both still work as companies, because people tend to prefer one over the other.
And thus our model. A monopolistic competitive market.
The real competition was not store vs store (unless for the bit), it was Sellers vs the Grind.
(There are also sunk cost fallacies exhibited, when hermits make their own farms for materials they know they'll need a lot of, which then reduces the time spent, especially with AFK'ing, thus the active time spent being reduced but server time still fluctuating but that can be hermitconomics 102 lmao)
But Back to this season-
With the introduction of Hermit Permits (which, is such a fun term, I wouldn't be surprised if they came up with that first before the concept) they are forcing there to be a single official seller. But hermits are still able to collect their own resources and make their own farms. So the market stays the same.
Which is probably not what you were expecting was it. All this fanfare but theoretically, the model doesn't change. It might change the point at which a hermits decides it's better to grind it out instead of spending diamonds, but not the theory.
But here's the second hole in this theory.
One of the first assumptions one makes about any market model is that everyone involved wants to maximize profits. (which irl, is making the most money).
But the same was as the real currency is Time, the real Profit for Hermits is Content (and engagement, and a whole bunch of parasocial scales to do with audience retention but I'm an economic major, not a sociology or business student damn it, we'll stick with Content) .
Theoretically, nothing changes in the economic model, but the result changes. The potential to change things up is massive, simply because they at least superficially changed something. Rebranding something, in a way that shakes up previously established norms- That's what they're getting out of it. Forcing people to do content about things they normally wouldn't even touch, which inspires viewers to be invested, so see our favourite blorbos overcome the challenge. It's a narrative device.
(If anything, I'd expect this to actually "promote the economy" as hermits would be motivated to stock up their shops, thus making more farms/farm building episodes, or the competition occurring from additional permits being circulated.)
So yeah. Hermitconomics 101- The not-so-perfect competition. Sorry If I burst some bubbles, I just think it's fascinating.
Thanks for reading to the bottom!
TL:DR :This is gonna be so fun, and the hermit economy makes economists everywhere cry
#hermitcraft#hermitcraft season 10#hermitcraft s10#hermitcraft s10 spoilers#hermitblr#hermitconomics#killing the bit#I'm way too excited#hyperfixation goes brrrr#hermit permits#hc s10 spoilers#hc10#hc s10
87 notes
·
View notes
Text
Hi, feel free to take my new uquiz to discover what kind of vampire you are!
#NO IM NOT TALKING ABOUT CHESS THE MUSICAL I DONT KNOW WHAT THAT IS. I AM TALKING ABOUT THE ANCIENT BOARD GAME:CHESS#uquiz#vampires#twilight#because let's be honest there are a fair few references#and maybe this is my twilight quiz which has been in my drafts for nearly a year!#and i was tired of it sitting there#maybe!#quiz#werewolves#mention#you can get human in this im really sorry#it's a bit of a mean result#oh if anyone has an actual picture of the vampire that killed dean winchester please send it along#i could not find it with a cursory google search but i rememeber he wore a clown mask#so maybe one of those guys is the guy?
24K notes
·
View notes
Text
One of my favorite trope for Steddie is Steve hunting down Eddie when the kids join Hellfire and giving him a long list of dos and donts.
At first Eddie thinks he’s just being a prick, and worried he’s going to turn the nerds into freaks like him. Especially when he says not to mention drugs in front of Dustin.
But then he starts pulling out lists of monsters that can’t be in campaigns. And like what??? Why can’t he use demagorgons? They were gonna be in the next combat! He’s tempted to ignore the warnings, in fact he’s all set to, but something about Steve’s face when he was laying it all out haunts him. Something so deadly serious about it. So first he decides to test the waters to see if he’s full of shit.
When the session starts, he makes a throwaway comment, “you’re acting like there’s a mindflayer around the corner.”
All the kids freeze but Wheeler especially looks like he’s going to be sick. He even grabs at the bracelet around his wrist. The one he always said his best friend made him before he moved.
Eddie curses himself for even trying to test it out after that, and immediately bullshits the whole session so he can scrap any hint of demogorgans from the campaign.
After that session he drives straight to Harringtons house and demands they go over all the things he can’t include again, in detail, while he takes notes.
He doesn’t know what’s going on with these freshmen, but he knows trauma when he sees it and well he’d gotten attached to the gremlins.
When he leaves that night, he thinks Steve is looking at him with approval. Like he trusts him with their well-being now.
#stranger things#eddie munson#steve harrington#mike wheeler#lil bit of byler#just a hint#also I firmly believe there’s not enough Eddie and Mike content in this fandom#like Mike worshipped him too#styled himself after him#and arguably needs Eddie more than Dustin does since he’s already got Steve#idk why I just feel like if anyone can kill season 3 and 4 Mike it’s Eddie#bring back my sweet season 1 and 2 leader who puts his friends before everything else#steddie#mine
4K notes
·
View notes
Text
comfy casual firelord
#atla#atla fanart#zuko#Zuko fanart#Firelord Zuko#avatar the last airbender#fanart#it will soon become apparent I have a thing for men with long hair#this is Zuko a bit older obviously#idk how he can deal with all the heavy armour and robes#the pattern on the pants killed me btw#the dragon armband was referenced#draws#my art
3K notes
·
View notes
Text
"do the opposite of what people tell you to do"
#desert duo#grian#goodtimeswithscar#secret life#mcyt#trafficblr#favourarts#ok to tag as ship#so i posted this to twitter first right#and the amount of people i have in my replies saying that they'll kill themselves is honestly Very funny#anyways im back :))#i missed drawing these two GOD#okay life update in the tags for this piece is: something about finals season just makes you want to draw more#<- has been saying this for 4 days straight now#YAAAAAAYYYY i got another desert duo sketch cooking fellas and this one is a Bit more self indulgent if yk what i mean hehe#<- SEE U IN THE SIDEBLOG
5K notes
·
View notes
Text
#the fucking frog suits. i stg#one of the funniest bits in the manga to me i couldnt wait to see it adapted#Laios just quietly resigning himself to Marcille's wrath.#chilchuck looking like Scout's ham costume from to kill a mockingbird.#Senshi.#dungeon meshi
3K notes
·
View notes
Text
THEY BOTH TOUCH HIS MOM’S SKULL PENDANT I AM UNWELL
#I think Barb did it because she knows the significance and was rubbing it in#I don't think fizz knows that Blitz' mother was killed in the fire. He seemed a bit taken aback#helluva boss#helluva boss season 2#helluva boss fizzarolli#helluva boss blitzo#helluva boss tilla#helluva boss barbie wire
6K notes
·
View notes
Text
world's longest staring contest GO-
#them. he??? wally plural <3#how are they the same little man....#looking between them in confusion so fast i get whiplash#one half of my brain: huh what huh what huh-#the other half: HOLY SHIT TWO WALLYS!!!!!! <3<3<3<3<3<3#wait would it be wallys or wallies#fr what Is wally plural#existential questions we should all ask ourselves#scribble garnish#welcome home#welcome home puppet show#welcome home fanart#wally darling#i got a little lost in the Sauce making this & finished before realizing i didnt copy it over to a new larger canvas#& do the final layer/colors/bg there#so its a Little Bit Lower Resolution than id like#BUT HEY ITS NOT LIKE THATS EVER STOPPED ME BEFORE!!!!#whatever whatever doesnt matter its done and im satisfied with it#& i fuckin better be bc working on this killed my wrist lmfao#nearly dropped my stylus at one point from the sudden Oofie Ouchie#suffice to say i will be queuing this & then taking a day-long break from my hobbies#which are all hell on the wrist#which means i will probably leave the house out of sheer boredom#maybe ill watch spiderverse. go get a tasty Beverage. take a walk. summon the old gods if im in a silly goofy mood#just now realizing i probably drew wally too small#puppet wally. og wally light of my life. AHAHA OOPSIES TOO LATE TO FIX IT NOW 🥲👍
8K notes
·
View notes
Text
gotta add another noir variant to the gang
#the goober ever#see guys I can draw spiderverse art….#spiderverse#across the spiderverse#peni parker#peter porker#peter benjamin parker#peter b parker#gwen stacy#miles morales#my art#noirverse#a little bit#I always say to myself: thank god Pete didn’t have fog lake in the 1930s to kill himself to#cant decide of gwen and Pete would be besties forever or if their angsty emo energies create the frienemies of the millennium#itsv#atsv
2K notes
·
View notes
Text
Godzilla Minus One vs Suko!
Mothra and Shimo are not impressed
(It did not go according to plan...)
In Goji's and Kong's eyes, they look like this:
#godzilla#godzilla x kong: the new empire#godzilla minus one#kong#mothra#shimo#suko#minus 1 vs suko#ofc Minus one is going to win#not even dabatable#literally can obliterate suko#mothra and shimo are the angry wives#they not happy with the boys#not one bit#also muscle mothra is BACK!#anyway girls came to save them kids from killing each other#thank goodness#do not repost#my art
1K notes
·
View notes
Text
hug! that! captain!
#bbc ghosts#ghosts bbc#this is the type of thing that wouldve been too cheesy for the tv show but is so lovely to imagine lol#get hugged jimmy boy#julian is sort of hug adjacent because i don’t think hes much of a hugger. well and hugging him is a bit awkward#yes the star is mary#fanny putting her hand on his arm/back fucking killed me though. if he got a hug from anyone i wouldve been obliterated#cap and kitty hug in the christmas special please please please pretty please#ik humphrey was whole in the coming out scene but i cannot be bothered to fit his giant ass outfit in there. sorry king
3K notes
·
View notes
Text
"We are brilliant." "..."
#COUGH COUGH#uhm what can i say except draw background killed my grandma so i simply refused to do it this time#my art#the dark urge#enver gortash#bg3#zenith#durgetash#uhhhhhhhhhh IF YOU KNOW MORE ABOUT STEELWATCH CONSTRUCTION AND THE LIKE DO NOT GET ON MY ASS IF I GOT SOMETHING WRONG#uhm what else can i say#the outfits are also so plain i couldnt commit to the bit yall#its okay#i feel like an insane person
3K notes
·
View notes
Text
it's just really funny to me to imagine Fabian actually being a great big brother honorable nemesis.
like, putting a nemesis ward on the nursery with aelwyn's help since "it won't do if they die before their eighteenth birthday, will it?" (aelwyn, deeply sarcastic: "well of course, that is exactly why I put the ward on adaine's room." fabian, too deep in denial for sarcasm: "see? you get it")
gifting them a battle sheet baby blanket since they should start preparing for their battle early on (and yes it's extra fluffy, it's for a baby stop laughing everybody)
generally trying to teach them everything he knows "so their battle to the death will be a fair one"
giving their adventuring party the same lecture on tactics that the bad kids got from his papa
hunting down chungledown bim and any other nemesis so his sibling is the only one who could get a piece of his fund (he just wants it to stay in the family, shut up)
just. fabian being an amazing big brother but also if you call him that to his face he will cut you
#no one can tell me that fabian of all people will look at a toddler trying to copy his dance moves and still try to kill them 15 years later#the vibe is very much 'good night westley good work sleep well i'll most likely kill you in the morning'#except fabian will have been like that for as long as his sibling remembers so there's not even a bit of fear#fantasy high#dropout#dimension 20#fabian seacaster#d20#fantasy high junior year#fhjy spoilers#d20 fhjy
1K notes
·
View notes
Text
everybody go home. this is my magnum opus
#HELP THIS IS KILLING ME#the original version of this had hua cheng in a ‘i have a CRAZY wife she hates STUPID PEOPLE and LOVES DOGS and im NOT AFRAID TO USE HER’#but if hua cheng was at midwestern gas station number 472 in the novelty slogan tshirt aisle#she for sure would get some sort of ‘your wife (woman symbol) vs MY WIFE (wonder woman silhouette)’#or ‘trophy 🏆🏆 WIFE’#or possibly a ‘return to wife if lost’#or ‘i have a SMOKIN HOT wife’#or ‘im the BOSS til my WIFE gets home’#or ‘5 things you should know about my WIFE: 1. she is my queen 2. she is a bit crazy 3. she can whoop your ass#4. she says whatever she is thinking 5. mess with her and theyll never find your body’#or ‘i go to work so my wife can COLLECT SCRAPS’#or even at worst. ‘ my wife is the PRINCESS the mouse LOST’#xie lian would be initially embarassed. but you know her ass would be wearing a ‘proud PROPERTY of an AWESOME WIFE’ shirts @ heaven meetings#or ‘i’m not scared of ANYTHING - my WIFE is a CALAMITY’#which was sold as a metaphor for your wife being mean and powerful. but she wears it straight.#or even ‘im not GAY but my WIFE is’ lmfao#anyway.#tgcf#tian guan ci fu#hualian#hua cheng#xie lian#hualesbians#modern au#tgcf meme#my art#art#tgcf shitpost#lmao#mxtx
2K notes
·
View notes
Text
now i've watched a fair amount of d&d i've started to pick up on the differences between dm style i think
like brennan IS all the bad guys. every game he dms is brennan vs the players. he makes npcs and battles that make his friends throw things at him and he smirks the whole time. he makes them tell him their worst fears and then he makes them do it. and it's awful and amazing and really funny
matt IS exandria. his characters and battles never feel written or constructed, they just feel like things that already existed in the world. it's all about verisimilitude with him, and he's amazing at it. he tends to fade into the background and let the players react to the story and it makes everything he does incredibly cinematic
aabria dms like she's just another player at the table reacting to the story, right up until someone gets lulled into a false sense of security and tries to fool around and THEN she throws a curveball by making them deal with the consequences of their choices. she's like oh you think that's funny?? then i'm about to be hilarious, bitch. and she keeps getting away with it bc she's just that good!
basically, brennan's an evil bastard, matt's the world, and aabria's the queen of consequences
or:
brennan - fuck
matt - around
aabria - find out
#brennan lee mulligan#matt mercer#aabria iyengar#sorry but this made me laugh agdjgsjsgs#petition for a d20 series dmed by brennan w aabria as a pc where a couple eps in her pc kills brennan's bbeg and they swap seats#revealing she was the dm all along#i also really want a round robin series. all dms at the table and they take turns controlling the narrative#whether it's in order or just like. every time one of them kills the dm's npc they become the dm or smth#it'd be really fun i'd love to see what kind of mangled mess of a story we'd get#i haven't listened to that much taz but griffin seems to be a mix of brennan and aabria where he does things for the bit#and then eventually he's like oh btw the bit is immense emotional trauma. whoops!
2K notes
·
View notes
Text
every time a fantasy high character makes a horrifying body modification a fanartist's art program crashes mid-drawing somewhere. what do you mean his maximum legend tattoo is in roboto
#extremely funny bit but also what if it killed me#hey at least its gold now !#like ive never drawn his tattoo ever but for people who make biblically accurate fabians im so sorry#fantasy high#fhjy#fantasy high junior year
1K notes
·
View notes
Last Seen Blogs
sashasspace
Sasha's Space
sonolombradiunanimasola
NO ONE
paleopalsfacts
PaleoPals
acid-fuchsine
main blog: @acridine-orange
jaacrbb
Sin título