Vegas live set harvest advice

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Fair enough, but a guy buying a few racks of live chips and reselling them hardly meets the "frequency" factor (IMO). Seems like subjective is the proper term.
It seems clear to me - if you’re intent is profit, you’re a vendor. It’s only subjective when it comes to judging people who aren’t vendors, but who appear to be selling chips to profit. If people are honest with themselves (ie - am I harvesting these racks to do a favor for a buddy, or am I harvesting them to make some money) then there really isn’t any subjectivity.

This is all news to me, and I’m trying to process it myself, if for no other reason then to understand the rules.
 

LotsOfChips

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It seems clear to me - if you’re intent is profit, you’re a vendor. It’s only subjective when it comes to judging people who aren’t vendors, but who appear to be selling chips to profit. If people are honest with themselves (ie - am I harvesting these racks to do a favor for a buddy, or am I harvesting them to make some money) then there really isn’t any subjectivity.

This is all news to me, and I’m trying to process it myself, if for no other reason then to understand the rules.
So then those members who purchase way more chips than they really need in a TCR sale in order to qualify for the coveted fracs and higher denoms, and then turn around and sell most of the purchase (often including those self-same coveted chips) for more than what they paid for them (knowing that there is a huge demand and limited supply, but hey, I'm really only flipping them to do a favor for the community) then no vendor status is required, but @wonderpuddle gets a ban because he (allegedly) buys three live racks for a project, decides to go in a different direction, and tries to sell them for more than face value????? That is the definition of subjectivity IMO.

Not meaning to be a dick to you (I'm starting to sound like @Josh Kifer here), I'm also trying to process this and to understand the rules here. They just seem extremely open to interpretation.
 

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So then those members who purchase way more chips than they really need in a TCR sale in order to qualify for the coveted fracs and higher denoms, and then turn around and sell most of the purchase (often including those self-same coveted chips) for more than what they paid for them (knowing that there is a huge demand and limited supply, but hey, I'm really only flipping them to do a favor for the community) then no vendor status is required, but @wonderpuddle gets a ban because he (allegedly) buys three live racks for a project, decides to go in a different direction, and tries to sell them for more than face value????? That is the definition of subjectivity IMO.

Not meaning to be a dick to you (I'm starting to sound like @Josh Kifer here), I'm also trying to process this and to understand the rules here. They just seem extremely open to interpretation.
I hear your frustration and I'm not looking to argue either. And I don't know who got banned for what.
Mostly I'm just smirking because it sounds like if this is the new policy, it will serve to discourage the kind of flipping that I've never liked. Which is maybe ironic, because I'm almost certain that that isn't the point of any such new policy (only because I've been paying attention for years, and I don't want to put words in anybody's mouth, but it's always seemed to me that Tommy has had a laissez faire attitude toward flipping.)
 

Nanook

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So then those members who purchase way more chips than they really need in a TCR sale in order to qualify for the coveted fracs and higher denoms, and then turn around and sell most of the purchase (often including those self-same coveted chips) for more than what they paid for them (knowing that there is a huge demand and limited supply, but hey, I'm really only flipping them to do a favor for the community) then no vendor status is required, but @wonderpuddle gets a ban because he (allegedly) buys three live racks for a project, decides to go in a different direction, and tries to sell them for more than face value????? That is the definition of subjectivity IMO.

Not meaning to be a dick to you ........I'm also trying to process this and to understand the rules here. They just seem extremely open to interpretation.
My guess is that there is a little more to the story than what you describe, but anywhoooooo

Did it ever occur to you guys that the whole problem is the buyers and not the sellers? Think about it for a sec.....
Live chips from Vegas are a perfect example. There are literally an unlimited amount of chips from many, many different casinos available to anyone that wants them for $1 each. Who's the fool? The guy that buys for $1 each and sells here for $2-$10 (Even if he does have to pay $100 for a Vendor tag) or the guy that is buying here for $2-$10?
 

ktran

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My guess is that there is a little more to the story than what you describe, but anywhoooooo

Did it ever occur to you guys that the whole problem is the buyers and not the sellers? Think about it for a sec.....
Live chips from Vegas are a perfect example. There are literally an unlimited amount of chips from many, many different casinos available to anyone that wants them for $1 each. Who's the fool? The guy that buys for $1 each and sells here for $2-$10 (Even if he does have to pay $100 for a Vendor tag) or the guy that is buying here for $2-$10?
I guess it's capitalism
 

CrazyEddie

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Did it ever occur to you guys that the whole problem is the buyers and not the sellers? Think about it for a sec.....
Live chips from Vegas are a perfect example. There are literally an unlimited amount of chips from many, many different casinos available to anyone that wants them for $1 each.

Well, I guess as a buyer I'll do my part to solve this problem. From here on I'll only buy live $1 chips for $1 each.

Someone please go harvest five racks of Bally's $1 chips and send them to me here in Atlanta. I'll pay you five hundred dollars.

There. Problem solved.
 

Nanook

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I guess it's capitalism
well, ya

Well, I guess as a buyer I'll do my part to solve this problem. From here on I'll only buy live $1 chips for $1 each.

Someone please go harvest five racks of Bally's $1 chips and send them to me here in Atlanta. I'll pay you five hundred dollars.

There. Problem solved.
I know you are being a bit sarcastic, but I think you get my point.

I have stated numerous times that I will harvest basically for face where I play regularly. Unfortunately the chips they use are not as popular as the Bally's Vegas $1's, but that is not the point. Buyers choose to pay multiples of what they need to and sellers are just doing what sellers do.
 

CrazyEddie

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If it's the buyers' fault for being willing to pay so much

And it's the sellers' fault for being willing to charge so much

Perhaps it's nobody's fault

And perhaps nothing's wrong
 

Moxie Mike

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I hear your frustration and I'm not looking to argue either. And I don't know who got banned for what.
Mostly I'm just smirking because it sounds like if this is the new policy, it will serve to discourage the kind of flipping that I've never liked. Which is maybe ironic, because I'm almost certain that that isn't the point of any such new policy (only because I've been paying attention for years, and I don't want to put words in anybody's mouth, but it's always seemed to me that Tommy has had a laissez faire attitude toward flipping.)
Flipping is inevitable. If Tommy made a rule that live chips must be sold at face value, people might just sell on other marketplaces if there were indicators that a profit could be made elsewhere.

The issue with flipping in my view isn't opportunistic hobbyists - it's simple supply and demand combined with inflation. If people stopped buying, prices would comes down. But all the free money being pumped into the economy right now, combined with the seemingly endless stream of new chippers, prices aren't going anywhere but up for the foreseeable future.

As to the 'vendor' thing... I don't know what the threshold is for determining whether a garden-variety member needs to become a vendor or not*... but I think it's probably whether a pattern emerges with a member's activity in the classifieds. Personally, I feel if I decide to sell the Bally's chips I harvested last month - to which I went to considerable trouble to acquire and clean - I should be able to sell them for as much as the market will bear - since the next time I'm a buyer I'll be subjected to the same economic conditions. Now it's worth mentioning that I harvested them for personal use and not to immediately sell them for a profit - but Tommy can't possibly know that when he assesses the situation.

*I was a vendor a couple years ago but it was clear my intention was to bring a product to market.

Pron for pron's sake:

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It's good to have minions that will work for tacos!
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