Despite this marketplace, the trading of
RS gold commodities is strictly against the game's terms and conditions. It's a problem that Jagex, the creator of RuneScape, has been working to address for a number of years. In 2013, then-CEO Mark Gerhard said that 40-50% of RuneScape's active RuneScape player base in any given month was purchasing gold. Jagex will ban any RuneScape players which it supposes are breaking the rules, but there is a threat that many Venezuelan RuneScape players are eager to take. Many gold farmers have accounts: their accounts, where they play legitimately, and farming accounts, essentially'burner' accounts, they use for earning money.
With a large demand for gold farming, many RuneScape players outside of Venezuela believe certain areas of RuneScape are regulated by it. RuneScape's economy is just like any other market -- it is greatly influenced by the economics of scarcity, and also the expanding number of people farming gold and items at RuneScape is affecting prices for a variety of different items. The extent of this impact became apparent when the catastrophe in Venezuela escalated to a new level early last year.
How an economic meltdown was caused by the disaster in Venezuela in RuneScape
In March 2019, Venezuela's power network collapsed along with a rapid succession of blackouts hit the country, leaving millions without power or water. At their summit in March, these blackouts were occurring almost every hour for a week. Hospitals were a few of the areas changed. "A hell of a good deal of people died because of the power cuts," Martinez explains. The problems are still affecting people today, and some think they will continue long into the future, until the problem with the authorities is resolved.
"[People] can't get therapy such as dialysis and the hospitals' conditions are insanely bad to the point that it's a hazard issue," Martinez adds. The power cuts have become a major issue for
old school runescape buy gold players that rely on RuneScape because their chief source of revenue. For Martinez, the power cuts were the reason that he moved away from traditional gold farming approaches to train accounts for U.S. dollars, as a sudden disconnection during combat could result in the death of his character and also the loss of earnings. "After the first wave of blackouts started me and the men that worked with me dropped nearly all of our enterprise," Martinez says.
The Wall