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The (Terrible) Economics of Hypixel Skyblock

The Economy of Skyblock is a mess. The last few months have seen a lot of inflation, and many players are quick to point the blame at The Garden update. But is that the end of the story, or is the economy more involved than you may think? In this video, I explain everything about how Skyblock's economy is managed, how its going, and what is being done to help improve it. I'm a nerd. CORRECTIONS: At 7m 23s the first 5 months worth of data are inaccurate. My data source did not track any auctions before October 2019 and the numbers for before then are of players who claimed old auctions after October 2019. The jump in December 2020 may also be due to a change to the API that allowed BIN auctions to be accessed easily and not necessarily due to the updates mentioned, so my analysis here is likely inaccurate. All data and everything after and including January 2021 should be completely accurate though, and the bazaar should be fully accurate. DATA SOURCES: Hypixel.net https://www.skyblock.bz/ https://sky.coflnet.com/ CHAPTERS: 0:00 - The Stock of Stonks Mystery 1:21 - Coins as Currency 4:25 - Supply & Demand 6:32 - The Bazaar & Auction House 8:57 - Inflation (caused by the Garden) 14:40 - Coin Sinks & Coin Generators 20:53 - So, Whats up with the Stock of Stonks? Use code : "Hellcastle" in the hypixel store when checking out to support the channel :) Get the blanca hat to have a cat on your head 24/7 whilst you mindlessly grind for items! : https://essential.gg/hellcastle Follow us on twitter so we can see some meaningless numbers increase :   / hellcastlebtw     / tylerwith4rs   ------------------------------------------------------------------------------------------- Our discord server :   / discord   ------------------------------------------------------------------------------------------- Our Texture Pack video (includes the ones we use in videos) :    • [READ DESCRIPTION, OUTDATED!] The BES...   ------------------------------------------------------------------------------------------- Our mods folder video (includes the ones we use in videos) :    • (OUTDATED, READ DESCRIPTION!) The ULT...