The (Terrible) Economics of Hypixel Skyblock

[@GDColon]

I LOVE THE ECONOMY!!!!!

[@GDColon]

(jokes aside this was an amazing video!! super informative and well-written. i love data like this and it's interesting learning who and what is actually contributing to the prices of everything in the game)

[@hypenheimer]

I love gd cologne

[@ThePharaqh]

I also love gd cologne

[@TheMisterDarknight]

Ah shit here we go with gd references

[@Т1000-м1и]

5th reply

[@Dalynx09]

Imagine being a normal Player just tryna play some normal Skyblock on your favorite Server and you end up Having to Understand how Economics and Math work lmfao

[@Ayan_7676]

lmao

[@crabulonbestgirl9130]

The rift literally makes you do taxes lmao

[@Nayrlol6855]

I once said SaD to answer a math question and everyone thought i was sad, but NO SaD means Supply and Demand

[@Nayrlol6855]

​@@crabulonbestgirl9130why i dont play rift:

[@snakeaxe-1]

@@crabulonbestgirl9130that quest was pain, I was in a call with my asian friend who did ap calculus and app physics in 9th grade and he couldn't even figure out what it was saying 😂

[@benge1309]

I did 50% my assessessment pieces for my introductory microeconomics university course by discussing hypixel skyblock and relating it to the real economy, so im glad to see someone else nerding around with this

[@480darkshadow]

Post it el por❤favor

[@Toadstar0]

Why do I bother paying for college economics classes when I learned more from this video than my entire college class.

[@DriftSythe]

I'm using this to study for my ap macro test

[@NoRhythm-im2oj]

im to european to understand that u have to pay for school

[@zkvie]

in europe you pay for college too 💀

[@hirengamming_642]

ON GOD THIS VID CONTAINS MORE INFO THAN MY 1ST SEMESTER

[@Asha19200]

RIP my dad's money only learn economics from a Minecraft video

[@steptimusheap8860]

Item sinks also help control inflation. The garden visitors cause the demand for certain crops to go up, which means the bazaar price goes up, oftentimes above the npc price. more people sell to the bazaar than to the npcs, and less coins get generated

[@gdmalin7128]

You know it's a great decade when hellcastle uploads

[@ruileite4579]

As an ironman player, I really wouldn't mind some deflation (please, I don't want to keep on paying 7m per booster cookie)

[@chefmemems]

At least for me it's only like 1m for cookie bc I can sell the bits but damn

[@pattedejais4514]

And pls ender artifact

[@miraraa629]

In general I'm kind of sick of this. :( Set up a fixed price for cookies , make Ironman players able to buy Skins from AH to tackle Deflation and make Ironman dark auction lobbies :c

[@SudetenlandMan]

​@@chefmememsI get 1m profit per cookie

[@ApecSW]

@@miraraa629Making ironman buy skins would increase inflation because those coins would flow into the normal economy

[@kepler6873]

Reason deflation is bad: “I’ll sit on my billions until the price of a hype drops even lower! I’ll grind items myself for now” In perpetuity. Always better to save than spend. Hyperinflation -> “Ill never be able to save enough to buy a hype, ill have to drop it myself” An economy that ends up behaving like an Ironman player isn’t exactly functional

[@skycaptain95]

Ok and

[@FunkyJeff22]

Except in real world perpetually deflating markets, people eventually go out and buy whatever they need. If they don't, then they didn't need that thing in the first place, and the economy doesn't waste resources (and pollution) making that thing.

[@baranbeytemur5451]

@@FunkyJeff22 you should research the economic crisis that happened in japan they went from 2. largest economy to barely top 5 not every "need" is urgent especially big purchases such as cars and houses. also it makes taking and paying loans much harder its way worse than inflation

[@Omega-mr1jg]

​@@FunkyJeff22causing layoffs as companies lose profit and leading to unemployment and less purchases then before, and repeat this for a while....

[@messup2158]

great video, insane how you can make such a unique and insightful video about one of the most talked about subjects in skyblock

[@RemittalADOFAI]

Your life is a skyblock. Go PB it.

[@HellCastleYT]

banning you from the channel

[@SpacyPVP]

@@HellCastleYT lol

[@cd-ramos]

In life you have skyblocks. Don't let them stop you, cause we aint stoppin.

[@promisteryolo1786]

What is a pb

[@VD6608]

What does this mean PB

[@zip53a]

During the inflation example with the hyperions, a real example that actualy happened was with juju shortbows! At first everyone could get them and everyone wanted them so the supply and demand was at an equilibrium, but when the admins changed the requirement to eman 5 everyone sold their juju shortbows so the price went from 17-20m coins to about 8million. Nowadays people are getting juju shortbows with ease but the demand is the same so the price went up to about 33m (might be a bit confusing the way I said it but) Amazing video guys!

[@AverageRNGHater]

Bro really used the word equilibrium 💀

[@zip53a]

@@AverageRNGHater yes

[@zip53a]

@@AverageRNGHater yes

[@ffgnikhilgaming9621]

​@@AverageRNGHateryes

[@ffgnikhilgaming9621]

​@@AverageRNGHateryes

[@highlyuntrainedprofessional]

its insane that there are hundreds of millions of dollars circulating in a game, in a server, in a block game.

[@apotato4873]

Not really. While booster cookies do allow for converting from real money to skyblock money, it doesn't go the other way around. You can't just go to a real bank and trade skyblock coins for real money. What the coins are worth in real money is whatever people are okay with paying for them (i.e supply and demand along with IRL trading lmao). I think an actual skyblock -> real world coin conversion is better based on what the IRL trading rates are, which will be less than booster cookie rates.

[@highlyuntrainedprofessional]

@@apotato4873 it is still possible to sell numbers in a pixel game for around $50 dollars an hour

[@sonicmastersword8080]

@@apotato4873Not entirely true. You can make sales for real world cash with more valuable items.

[@MrShockBolt]

I love how half of all skyblock players probably don’t know half of the stuff that Tylerrrr has been talking about

[@Cycls]

Never would I have thought I would be learning economics from a block game

[@IYgoob]

What a great video teaching macro economics, I took macro courses last semester and I'm glad I could understand these concepts perfectly well in this video.

[@enjoyerer]

great video, really informative, well edited, and also a good reminder that the admins have a lot more to do than you think

[@BloodL1ne_]

Bro casually explained the basics of economy better then the average teacher, and did it in a minecraft video

[@Ssamaki69]

Thank you for testing me on what I learned for my GCSEs.

[@HellCastleYT]

hahaha making this tested me on what i learnt in my GCSE

[@avraels]

i kinda want a full roll back of skyblock but at the same time all grinding would have sadly gone to waste

[@ChrisPtoes27]

Yea idk about losing 3k hours and billions from a rollback

[@FlopNonStop]

They should make the foraging update skyblock 2 where they make a new game mode where it’s a new server that’s reset and skyblock just stops updating

[@humanexistingonearth]

It wouldn’t matter because people can grind out a billion coins within probably just a week anyway

[@Max-uo4ud]

@@FlopNonStop That's a fucking horrible idea

[@FlopNonStop]

@@Max-uo4ud April fools update but permanent

[@Andonerf]

The thing about farming is it isn't even the best way to make money per hour. Mining still makes considerably more money than farming, but the fact the barrier to entry for farming is so low along with the fact its much easier to AFK (and macro tee hee) means everything has inflated, yet if you really wanted to maximize the money you made per hour, you're still better off mining, which means now everything costs more and I'm still making the same amount of money WWTFFFFFFFFF!!!!!!!!!

[@Wheatman02496]

average low skill ironman player

[@Andonerf]

@@Wheatman02496 its true im only skyblock level 82 and a half

[@Wheatman02496]

@@Andonerf mining is 100m a hour htf do you make farming rates

[@Andonerf]

@@Wheatman02496 I don't understand what you just said.

[@krishmalhotratalks]

@@Wheatman02496 farming makes 15m an hour with a 1.5b setup, its not worth it compared to mining, just that mining requires 50-100 hours to get into

[@shadowhunterevil8214]

Your vids are dangerous. I quit skyblock 2 years ago and every time i get one recommended i watch it. And every time i feel like playing again. that shit is easier to fall back on than hard drugs.

[@DavidSmith-cr7mb]

I quit hs two years ago, hang tight brother, we are getting out of crap systems, go find a better one, you deserve it unironically.

[@polaristi]

this video unironically has some pretty good educational value as an introduction to economics. Love it.

[@Atreyx]

imagine being the country that is poorer than a BLOCK GAME'S SERVER'S GAMEMODE'S total value

[@Hi-li9ju]

Wow what a video. Never saw something like this. Due to the fact I have economics at school I can even tell that the economic fundamentals are explained super well

[@Nametacular]

something interesting about the bazaar is that; when you put an item for less than the buy price, it gets *magically* filled up by the same person the moment it's put up

[@Catsarecuteok]

I play Ironman, have been for almost 3 years. Inflation has been insane if skyblocks lifetime. Some items, especially dark auction items, have massively inflated. Flower minions are 30m instead of 8m, ender artifact tripled to 300m in less that a year, and midas staffs are 250m or something. Good explanation though!

[@drlavacookies7268]

What if farming was more integrated into combat progression? Like hot potato books, but for all crops and actually requiring a ton of crops to make and then be consumed. Wouldn't that help inflation? Since the value of the crops would rise significantly above npc sell value, players wouldn't be generating coins from crops but exchanging them with eachother instead.

[@minhperry]

Kinda, it would only stop inflation for a while and not reduce it (since it's just player to player trading)

[@HellCastleYT]

garden visitors are the main resource sink for farmed resources but theyre always requesting less crops than an individual can farm

[@funnymannotfunny]

@@HellCastleYTspaceman moment

[@RanchKings]

As an economics student I was surprised by how well you actually taught the subject.

[@ROSCOE16000]

Fascinating and well produced video 👍

[@KingRabbitDev]

Great video! I've noticed that, while everything is a lot more expensive than when it first came out, I feel that it's definitely declined a bit since its peak.

[@hamsteronion1428]

I'm saving this video for when I introduce my middle school students to economics. This is genuinely incredible.

[@Aradze]

2:20 dude I thought I was watching a Hypixel Skyblock video, now I’m in a whole History lesson. 🗿

[@pocalocawashere]

Probably a whole high school economics class in one video about hypixel skyblock.

[@jevashy]

My watching this when cookies are 11m is a perfect example of inflation

[@benc1ark]

YIPPIEEE I LOVE HELLCASTLE TYLER

[@IamRelayy]

we all do lol

[@ardaaksehir1800]

this guy: talking about hypixel skyblock with economy language me:ok... i cant understand

[@Loxu69]

How to fix the economy: make an event where the highest bidder wins a one of a kind item but the players lose the amount they bid regardless of if they won. Skyblock players will still try and get this item likely taking billions out of the economy

[@Drguhasluvd]

Congrats on describing the dark auction

[@jobro5254]

This was a really great video and was really insightful about a lot of things I've always kind of wanted to know but didn't really have the effort to figure out myself. Also, when people sell stuff to each other on the BZ and AH, they get taxed, so that removes even more coins from the game.

[@Т1000-м1и]

GD colon is the new guy without a mustache Edit: these kinds of videos were considered very cool in 2017. Glad they're making a comeback. So, when will we compare Zimbabwe and Runescape? Edit 2: them saying that the *price* inflation is caused by hysteria is what a central bank would do

[@robloxcult4441]

Seeing my forum post in video is something 🙃

[@Shakked_R.]

Terrible idea: All coins that are lost to ah listing fees, deaths, npc purchases, etc. are put into this huge pot of money which is used by the npcs to purchase your item. If there is no money left in the pot then admins raise prices temporarily to stabilise the pot of money and then prices go back to normal.

[@eletricgamer5834]

Perfect

[@crazylolsbg]

The best video to explain economy

[@creepenator3418]

Dude you single-handedly taught me more in this video than my Econ teacher did in a year 😆

[@maxvankoert]

I love how i dropped economics in school after one year and still chose to watch this video

[@Myder_Dragon]

I wanted to get into Hypixel, then I saw how inflated everything is and I didn't bother.

[@YeepTheSheep]

Even though i quit sb so long ago i still love watching your vids

[@IamRelayy]

do you still have your stuff?

[@YeepTheSheep]

@@IamRelayy ye

[@StrategyTree]

Flipping in Hypixel Skyblock sometimes takes more math than my finance classes...

[@lolmenx4]

I havent finished the video yet but my prediction is that unlike in the real world, you earn money by doing some tasks, and that money is generated out of thin air... Therefore in the long run you just get so much money into the economy that prices die lol, too much monetary supply.

[@imjustanoob.]

i remember buying like 2 stock of stonks for the bazaar for like 20k coins each, i probably still have em in my enderchest but the last time i played was around 2 years ago

[@DefinitionSaurus]

This is probably the best skyblock video I've seen this year

[@Satorish]

Now I want a video about the economics using skyblock as a basis

[@dragonfruit231]

i don’t even play skyboock but i will watch anything you make 😂 keep up the good work bro

[@Crisgol98]

I was waiting for something like this, thank you hellcastle.

[@djfthepro3432]

Thank you HellCastle & Tylerrrr very great video!

[@boringblaziken8122]

i havent finished the video so I dont know if this will be mentioned but one major issue with skyblocks economics is that players starting out have a very hard time catching up. as new money making methods appear, inflation occurs which isnt an issue for the people who can grind coins more effectively with the new updates. but for people starting out or even people in mid to late game, items become way more expensive and they dont have effective ways of making money.

[@lightning_11]

Amazing video! I always look forward to every one of your videos, and I was not disappointed. It's even bookmarked.

[@megatntman8773]

The stock of stonks is like an etf in real life, it represents the health of a certain market, or in this case, the entire market (like S&P 500 world)

[@gorgustus]

Really interesting video, I hope to see more like this and specifically about the economy of skyblock

[@Tomatillo12]

No taxation without representation though 😡😡😡

[@MatiX222]

Buying stock of stonks is really usefull to avoid inflation. So instead of having milions of coins in bank or purse and not getting anything/or even losing because inflation, which make everything more expensive, you can just buy stock of stonks and when you need coins just sell it and the cost of this item may increase with inflation. It's something like buying a house and then selling it for more.

[@Hhh-qj7yt]

Until the 2008 housing market crash occurs

[@Ixarus6713]

Two words: Gem. Dupe.

[@drq_seed]

Thanks for explaining economics it will genuinely usefull for my economics classes bc i had a hard time understanding

[@15ou]

this taught me better than my teacher

[@Johnu]

one stock of stonks is 32mil now, one or two year ago I had 1000 but sold it all

[@synthetic_creature]

ngl i would enjoy like regular economics if one of these guys explained it in a video

[@Nat1luck]

I learned more economy terms and rules in this than my actual college level economy class

[@Revenantso]

Average day for skyblock economy

[@SirCow]

best content around, always love these videos! keep up the great work :)

[@KillPelz]

It is cool seeing you i was in a depresion state and you helped me get threw but i had a good state thanks

[@coflnet-ekwav]

Very interesting, actually never combined the data of multiple items for a long timespan before

[@PodFlashCuts]

This man can become a math teacher easily

[@yatzum1846]

Ironman Players: oh no, cookies are getting more expensive

[@siesmec]

Holy, when I saw the first 30 seconds, I saw money symbols. I bought a whole slew of these stocks of stonks before I quit skyblock (every last coin was spent). It seems like now that I may have a few billion coins to come to.

[@khuani]

My favorite plug quote was "essentially, (for small items)"

[@jakubmarszewski9345]

I love you for mentioning Economics. Now i feel like studying it makes much more sense - if it's applicable even in Minecraft... :)

[@KoaFrosty]

the smart thing to do would be to keep the stonk of stonks as a anti-inflation opportunity if garden problem v2 happened or worse they could simply give the stonk of stonks a worthwhile sink for players

[@Aircast_]

Tyler, Furfsky Reborn has a bug (sorta). when I use it dragon armor helmets, and runes look like steve heads. I'm pretty sure the reason why is because of the version 1.8.9. I think this because when I use other texture packs or no pack at all the issue is still present so my suggestion is to release a version of it for later versions that don't have this bug

[@wewar25]

Very good video ! Highly interesting thanks

[@ThatSL_Guy]

I had 3 stacks of stonks…. Sold them when they hit 30k per….. I cry

[@michaeltait2531]

Ok it is 2am and I just spent 20 minutes learning about inflation in a game I barely play anymore…. What has my life come to

[@neshio]

Who would have thought $280 million was being thrown around in a block game

[@bonnster2745]

The fog is coming The fog is coming The fog is coming 22/6/2021

[@Dandaman1687]

Okay pause, my mom is a finance major and I’ve taken quite a few personal finance classes. This is LITERALLY just a college level Econ course, no hate whatsoever it’s a huge commitment, you better explained this than some of my professors, and being able to use SB as an example helps visualize it really well

[@meemmahn2856]

I just thought of something genius. Since there are only around 3000 stonks around, maybe some rich dude could buy them all up and sell them for more than the average hyperion.

[@oAbzi]

I love the styles of these videos they’re so good

[@r3buff682]

Me on my way to watch a 20 minute economics class because Minecraft

[@Captain.Mystic]

People are going to joke about how people are gonna have to learn economics to play their MMO but its probably in your best interest to know economics anyways to understand, if not how absolutely screwed you are as a wagie, then at least how to survive and thrive in a world that is designed to screw over anyone who didnt already have money.

[@sisterfister7891]

_I don't need Math to tell me I'm fucked._

[@g-dz9re]

Nice video Timedeo. Another banger as usual

[@ItsJustJek]

Being good at math really is a big perk when playing Skyblock. Obviously understanding economics and business would be better for the sweats, for the average player, just not having to pull up a calculator every time you need to do math is really nice

[@johndolenc7658]

I took 3 financial classes and none of them covered supply and demand lol. Good thing I knew it beforehand.

[@xanddraig]

I’m boutta dungeon run irl and get myself 1 trillion coins irl and be a rich man!!

[@James2210]

Also of note that a similar "flattening" if you will of the graph is applicable in the Y axis for items that NPCs sell

[@mystdrakon6874]

HellCastle & Tylerrrr just explained how the entire worlds economy works in a minecraft tutorial

[@AbsoluteGaming_]

me: man that was complicated this guy: "of course, this is very simplified"

[@ductrivan2605]

bro explained better than my economy class's proffesor

[@yoitzjt9452]

I enjoyed this money since I like finance and this was an interesting and unique topic about skyblock.

[@GGJaymc]

This was really good

[@enemosplaysminecraft]

BRO I SAW THE NOTIFICATION I JUMPED ON IT

[@andrewpazhookalayil]

Bro managed to explain modern economics better that all schools combined

[@stonexu8267]

Is this a gaming video or a video about gaming economy that's getting me to study?

[@srbread2506]

This actually covered like half of my Economics exam (in college btw lmao)