Game Theory: What is a Minecraft Emerald WORTH?

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  • Опубликовано: 31 янв 2020
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    In Minecraft's recent update to the Villager trading system, they stopped with their randomly-generated prices and started setting a standard. Well Theorists, give me a consistent standard and I will give you a theory! This is the key to figuring out the economy of the Minecraft world - or at least the value of all the good we've been trading all these years. The most curious, to me, were the emeralds. How much is an emerald worth in Minecraft - and how does that potentially RUIN Minecraft's whole economic structure? Let's find out!
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    #Minecraft #Emeralds #MinecraftEmerald #MinecraftLore #Econimics #MinecraftWorld #Enderman #MinecraftTheory #Theory #GameTheory
    More THEORIES:
    The Tragedy of Minecraft's Sunken Tomb ► • Game Theory: The Trage...
    The History of Minecraft's Underwater Gods ► • Game Theory: The Murky...
    The Tragic Story of Minecraft's Zombie Pigmen ► • Game Theory: The Tragi...
    Minecraft, STOP Punching Trees! ► • Game Theory: Minecraft...
    The Lost History of Minecraft's Wither ► • Game Theory: The Lost ...
    Credits:
    Writers: Matthew Patrick and Zach Stewart
    Editors: Tyler Mascola, Alex "Sedge" Sedgwick, and Marc Schneider
    Assistant Editor: AlyssaBeCrazy
    Sound Editor: Yosi Berman
    Sources:
    i.redd.it/r7aecqvkhhu21.png
    www.payscale.com/research/US/...
    www.singhalinternational.com/t...
    minecraft.gamepedia.com/Tradi...
    www.econlib.org/library/Enc/G...
    “Chapter 1: How Money Works.” Dave Barry's Money $Ecrets: like, Why Is There a Giant Eyeball on the Dollar?, by Dave Barry, Random House Large Print, 2006.
  • ИгрыИгры

Комментарии • 11 тыс.

  • @cdiking7026
    @cdiking7026 4 года назад +9984

    Cut the farmers some slack, it’s hard to pick carrots without hands.

    • @Spaceman-wx1jn
      @Spaceman-wx1jn 4 года назад +444

      Yes the poor farmers. They only have a long arm-like limb attached from both sides of his chest. It's a hard life for a Villager

    • @lilschom8070
      @lilschom8070 4 года назад +140

      How else are they supposed to defend themselves?

    • @jovanihicks3036
      @jovanihicks3036 4 года назад +66

      I forgot about that

    • @PyroLuigiOG
      @PyroLuigiOG 4 года назад +78

      That's so sad can we get an F in the chat (minecraft chat)

    • @prince-of-water
      @prince-of-water 4 года назад +28

      *M* *Y* *B* *O* *Y*

  • @yodude2016
    @yodude2016 4 года назад +15055

    *steals villagers crops and sells it back to him*
    Me: Stupid villagers
    Villager: Hmm (I just made him do 6,5 hours of labor for a green rock)

  • @gastech8311
    @gastech8311 3 года назад +1237

    Elon Musk: goes bankrupt
    “How did it happen”
    Elon Musk: bought a bell from a villager

    • @dogeo1719
      @dogeo1719 3 года назад +5

      lol

    • @generaljuice5379
      @generaljuice5379 2 года назад +16

      I just steal them

    • @mathewjose4753
      @mathewjose4753 2 года назад +24

      @@generaljuice5379
      Look at you, a thief! Didn't your parents teach you that stealing is wrong?
      Learn from me, I just take them, not steal them.

    • @generaljuice5379
      @generaljuice5379 2 года назад +13

      @@mathewjose4753 yes yes yes... Wise words my man

    • @breawen
      @breawen 2 года назад +15

      @@mathewjose4753 eww you take bells? that's disgusting.
      i borrow them. forever... without permission.

  • @robowyatt398
    @robowyatt398 Год назад +183

    I just thought of a few things, you have to consider that those prices are specialized for those specific jobs, that's why some rotten flesh will even get you an emerald in the first place, because its coming from the cleric, in order for it to be truly accurate you'd have to find a trade that almost all villagers have. and now that I think about it the emerald is very close to real world gold, its shiny, its rare, its dense, and its not that useful anywhere else.

  • @zocz9072
    @zocz9072 4 года назад +4430

    “I wonder what the currency is like in the future”
    Me: *laughs in toilet paper*

    • @abbyyoung2610
      @abbyyoung2610 4 года назад +44

      Zocz and apparently beer now that the US closed all sales of alcohol

    • @a_name1
      @a_name1 4 года назад +30

      I have 12 rolls of tp I am god

    • @CoronaVirus-kd9gv
      @CoronaVirus-kd9gv 4 года назад +8

      lol

    • @abbyyoung2610
      @abbyyoung2610 4 года назад +25

      Alfie Hamadani woah dude.... woah you can’t display such power these days. People will find you and take it.

    • @shamrockgamer401
      @shamrockgamer401 4 года назад +16

      @@a_name1 DUDE
      I have 50 rolls beat that

  • @spartanthingy7326
    @spartanthingy7326 4 года назад +2853

    Honestly I always thought that villagers mined all the emeralds everywhere and that's why their so few of em in caves and why villagers have a ton of em and will basicly give em out for free

  • @AsymmetricalAce
    @AsymmetricalAce 3 года назад +283

    "Angry mobs aren't knocking on your door every night"
    2020: allow me to introduce myself

    • @MishaG4mer
      @MishaG4mer 2 года назад +11

      I've read that PERFECTLY as the video said that, lmao

  • @Averysoysauce
    @Averysoysauce 3 года назад +202

    Matpat: *drops sticks on table in jewlery store* , I WANT AN EMERALD NECLACE PLZ
    Clerk: umm, sir. Please pay actual USA currency.
    Matpat: mmmm, no. 32 sticks is worth an emerald.

    • @Small_Brian
      @Small_Brian Год назад +1

      lol

    • @samuellopez479
      @samuellopez479 Год назад +3

      Ah ah! Using the thread, additional metals, and linking piece, you require more than 32 sticks

  • @Unorite
    @Unorite 4 года назад +3090

    Emeralds in vanilla Minecraft: _weak_
    Emeralds in modded Minecraft: *STRONK*

  • @rebeccab4604
    @rebeccab4604 4 года назад +5411

    Matpat: Paper is like what? 2 cents?
    Artists: I wish Matpat, I wish.

    • @zakarymoninger7845
      @zakarymoninger7845 4 года назад +269

      @Luke Crain good paper can be like $12 for an appropriately sized sheet. Probably more for really high-end stuff, idk.

    • @chocchip4172
      @chocchip4172 4 года назад +191

      @@zakarymoninger7845 what in the fricc is "high end paper"... it sounds like "high end water" to me
      Edit: Aight, apparently its paper that would be good to do neat stuff like paint on, cool.

    • @jerotoro2021
      @jerotoro2021 4 года назад +139

      Yeah, Minecraft has no large scale forestry, no huge pulp Mills shredding trees 24/7, no massive factories shaping pulp into millions of sheets of paper every minute... Each sheet is hand crafted from tree to sheet. Guaranteed it's worth more than 2 cents. Matpat isn't factoring in supply, demand, cost of production, etc.

    • @omdano6432
      @omdano6432 4 года назад +56

      @@chocchip4172 paper that doesnt bleed and is thick and size is big

    • @jerotoro2021
      @jerotoro2021 4 года назад +15

      @JoybuzzahzTV ......yes of course. I knew this. lol. ALTHOUGH! Pretty sure the reason why is because the sugar cane was supposed to double as papyrus, and so it's not paper in the modern sense, but papyrus sheets. And a quick Google search tells me that I can buy 10 sheets of 8"x12" papyrus for USD $20. $2 per sheet, way more than 2 cents!

  • @neonlights_4074
    @neonlights_4074 3 года назад +65

    Steve: *Most powerful being*
    Wooden door: I cant stop you, but he can.
    W O O D E N F E N C E

  • @BaggyGoose
    @BaggyGoose Год назад +50

    My theory (more guess)s that, due to the wide range in prices, the villagers have a culture where it's normal, if not expected, to haggle prices of items.

  • @Vekcrazah
    @Vekcrazah 4 года назад +2970

    everyone: ‘emeralds are worthless’
    me, saving them up for mending books: ...

    • @Kindelwyrm2
      @Kindelwyrm2 4 года назад +60

      Ooooh, I should probably do that for my Elytra. :|

    • @Headhunter1234256
      @Headhunter1234256 4 года назад +13

      @@Kindelwyrm2 probably, but enchanted with unbracking 3 you can fly and get around with ender pearls for like 6 before it gets low on durability.

    • @rickwaver213
      @rickwaver213 4 года назад +21

      not just mending books. if you cure a weaponsmith,toolsmith and a armorsmith, you can basically transform 1 iron, 9 coal and 1 diamond into a piece of diamond gear. even rotten flesh can be transformed into a diamond set for cheap

    • @alex_2928
      @alex_2928 4 года назад +1

      Ooh that's smart

    • @rickwaver213
      @rickwaver213 4 года назад +6

      @A Person or if you find a zombie spawner at the beginning you can have infinite emeralds. iron farms are better for emeralds tho

  • @papyrusthecool8321
    @papyrusthecool8321 4 года назад +2111

    MatPat at 11:54: Everything is done by hand.
    Mumbo Jumbo and Iskall: Allow us to introduce ourselves.

    • @RikuMcduck
      @RikuMcduck 4 года назад +29

      Cool dude

    • @kanyevil127
      @kanyevil127 4 года назад +54

      No I am cool dude

    • @tnsteve7386
      @tnsteve7386 4 года назад +4

      Who is iskall?

    • @kanyevil127
      @kanyevil127 4 года назад +24

      @TNsTeve A very skilled Minecraft player

    • @lordhobo9048
      @lordhobo9048 4 года назад +8

      @@tnsteve7386 redstone experts also a channel

  • @Memezndreamz
    @Memezndreamz 2 года назад +35

    1:50 the baseline price also matters if the villager has been resurrected from a zombie which gives permanent discounts or if the villager has survived through a won pillaged raid which gives temporary discounts. The discount is only as high as the chief bounty is on your head before entering a village. The villager resurrection stacks which means you can let a zombie on hard kill a villager like five times, resurrect them, and now you have 1 emerald per trade. This too stacks with raids

    • @projekttaku1
      @projekttaku1 2 года назад +1

      I know. I done it and its so broken.

  • @madisonatteberry9720
    @madisonatteberry9720 2 года назад +70

    "these things are called 'precious gem stones' for a reason."
    Except, like with diamonds and gold in this game, it seems to be almost freaking everywhere, and with the ancient builders that may have mined them previously, may have actually been devalued.

  • @stealthboy316
    @stealthboy316 4 года назад +3063

    Steve: can I get the stew?
    Villager: this little maneuver is gonna cost us 51 years.

    • @slevinchannel7589
      @slevinchannel7589 4 года назад +27

      Sadly, we will likely never know. Whatever the Minecraft-Theory is, i can't stop being aware that, of all Franchises, this is the One that Denies all these Theorys, you could say. They make the lame Excuse that it's our duty to make up Lore for this world, and that's just extremly Sad to me
      Minecraft Theorys are the most likely of all Theorys ever to not be True and just be a Waste of Time, because Mojang Refuses to think up any Kind of Lore... Sad...
      It's the One Franchise all Theorys about are Useless, if you get what i mean.
      I wished Mojang finally changes that! And by the way, also Nintendo regarding Super Mario!!
      They should reveal actual Lore, so that we at least know where we are and what the Most Basic Common Sense is!

    • @Rostof_TheGreat
      @Rostof_TheGreat 4 года назад +41

      @@slevinchannel7589 you're overthinking it, Minecraft is a game about creativity and imagination, not story

    • @slevinchannel7589
      @slevinchannel7589 4 года назад +9

      @@Rostof_TheGreat Yes.
      It's still lazy though of the Creators.
      And it's still sad.

    • @AndyHappyGuy
      @AndyHappyGuy 4 года назад +20

      @@slevinchannel7589 maybe there is no official story at all. It's _our_ story, we make _our own_ story.

    • @slevinchannel7589
      @slevinchannel7589 4 года назад +1

      @@AndyHappyGuy Yes, that's the lame Excuse Mojang uses.
      Hytale meanwhile? Not.

  • @nixian_zwaylus
    @nixian_zwaylus 4 года назад +11421

    am i the only one feeling like there was a missed joke opportunity about gems being measured in carrats (carrots)?

    • @pixel7649
      @pixel7649 4 года назад +443

      Nice one there...
      Now im hungry...

    • @kamikazedollxo
      @kamikazedollxo 4 года назад +319

      Why,
      *why’d you give them the idea?*

    • @zealiketea
      @zealiketea 4 года назад +121

      I thought it WAS a joke for a bit

    • @logan6211
      @logan6211 4 года назад +71

      He already did it in the one episode about a diamonds true value, where he ruled that a full suit of diamond armor was worth a few million dollars, I think. Jenne sais pas.

    • @jack_mackay
      @jack_mackay 4 года назад +25

      Did that for the diamond video

  • @omniverse7976
    @omniverse7976 Год назад +13

    The fact that we don’t know emeralds are actually valuable in Minecraft also relates to many ancient civilizations. You’d trade 2 sheep for 5 bread loaves. In fact, in Ancient Egypt, silver and gold pieces, probably about the size of a quarter or nickel, were used as currency. A nickel made of gold would be worth a fair amount. Not I giant amount but a fair amount today, back then though, it wasn’t.

  • @toastybutondifferentacc5775
    @toastybutondifferentacc5775 3 года назад +19

    At the same time tho, you only need like 3 pieces of paper to write an infinite amount of pages on a book, so emeralds can count as an infinite amount of money

    • @pixtane7427
      @pixtane7427 6 месяцев назад

      This is gameplay and also not infinite pages. There is a cap at 50-100 pages

  • @papayadoodlez9994
    @papayadoodlez9994 4 года назад +684

    Sonic: THIS EMERALD CAN SAVE THE WORLD!!
    villager: how about a piece of bread...

    • @MrDankTM
      @MrDankTM 4 года назад +4

      hello panda. btw joe

    • @dulce6711
      @dulce6711 4 года назад

      Yaya panda & Baby Cakey true

    • @setseretze3565
      @setseretze3565 4 года назад

      why not 300 emeralds

    • @dolanduck3041
      @dolanduck3041 4 года назад

      *THE NEGOTIATOR*

    • @JG-js9ww
      @JG-js9ww 4 года назад

      Villager:you want grass?

  • @Komatic5
    @Komatic5 4 года назад +1483

    Everyone: Emeralds are worthless
    Me, having a villager trading system for enchanted books:

  • @zonbiimusic4750
    @zonbiimusic4750 Год назад +3

    Steve: spends literal gemstones on a world atlas
    Cartagropher: you have to draw it yourself

  • @omgnelonr1631
    @omgnelonr1631 Год назад +8

    I love how it went from "How much is a Minecraft Emerald Worth?" to the basics of economy being explained.

  • @Fetchinator7
    @Fetchinator7 4 года назад +2360

    4:40 “The villager isn’t just paying an emerald for the carrots, he’s paying you an emerald for the carrots plus the labor costs it took to pull them out of the ground”
    Yes... labor that I totally did... It’s not like it was your enslaved friends and family doing all the harvesting only to have me steal the crops before they could share them amongst each other. What kind of sick monster would do that?

  • @pingufan1239
    @pingufan1239 4 года назад +1659

    11:54
    Matt: “Everything in Minecraft is done by hand”
    Mumbo with his auto farms: “Allow me to introduce myself”

    • @cakecheese2895
      @cakecheese2895 4 года назад +68

      Villagers who don't have hands:

    • @cooperolson8250
      @cooperolson8250 4 года назад +12

      Bruh

    • @redonedanc
      @redonedanc 4 года назад +9

      Why do Americans say liter ly and not litrely?

    • @kanal2123a
      @kanal2123a 4 года назад +10

      Why is he so popular for autofarms and redstone stuff in general?
      Scicraft members and Ethoslab are a lot better at doing redstone...
      Etho is pioneer, he even has clocks and "gates" named after him...
      He created sorting and storage system "Nexus" and massive portable storage...
      Mumbo is good too, he's just overrated :/

    • @dorijancirkveni
      @dorijancirkveni 4 года назад +16

      @@kanal2123a I guess because he's more of a redstone science popularizer than a redstone scientist?

  • @jackj7877
    @jackj7877 2 года назад +9

    "In Minecraft, everything Is done by hand"
    *Laughs In Redstone*

  • @tiralu
    @tiralu 3 года назад +11

    "They farm way slower than you do" my ultra high end villiger powered carrot farm tells me a different story LUL

  • @crossisbig6868
    @crossisbig6868 4 года назад +591

    7:35 Can we just talk about how he straight up mined an emerald with a stone pickaxe probably to tick us off

    • @royalknight2808
      @royalknight2808 4 года назад +24

      Not ony did he do it once, BUT TWICE?!?!?!

    • @CxffeeBean
      @CxffeeBean 4 года назад +26

      It's funny cuz it broke in the animation and didn't pop up as a smaller floating emerald

    • @ChanceRhodes
      @ChanceRhodes 4 года назад +11

      Realistically, it's because we see the stone pickaxe graphic in previous shots so it was probably because he just had it handy... BUT I do like to think he's just being a little troll

    • @ashdeem913
      @ashdeem913 4 года назад

      and it also made the sound of gravel breaking

  • @trinityfranklin8356
    @trinityfranklin8356 4 года назад +1210

    Why doesn't RUclips ask us about satisfaction AFTER we get done watching the video?

    • @sashalianski7566
      @sashalianski7566 4 года назад +29

      I know it feels good, for a person to answer ur comment so... hi

    • @MrDankTM
      @MrDankTM 4 года назад +4

      hello franklin. btw diesel patches is daddy

    • @trinityfranklin8356
      @trinityfranklin8356 4 года назад +3

      @@sashalianski7566 😃👍

    • @tvangelist
      @tvangelist 4 года назад +1

      @@sashalianski7566 hey dad

    • @MJWITHER
      @MJWITHER 4 года назад +4

      Like/dislike is simpler

  • @ShizuruNakatsu
    @ShizuruNakatsu Год назад +11

    The emeralds are definitely cut. Their cut is called "emerald" cut. They come out of the ground cut already in the game, but look up gem cuts and you'll see. You could also argue it's the "octagon" cut, but it's more elongated vertically so it looks more like an emerald cut, which I assume they were going for, considering it's an emerald.

  • @XSniper74184
    @XSniper74184 2 года назад +5

    I remember when that diamond armour episode came out. To this day whenever I or someone else says, "but I digress," or any similar phrase involving, "digress," I always say, "and I sidequest!" I never knew the guy. I'd only ever just seen his videos but it's still sad that he's dead. Rest in peace Ronnie.

  • @axfinity9134
    @axfinity9134 4 года назад +282

    1st half of this video: How much does an emerald cost?
    2nd half of this video: The tragic lives of villagers

    • @leptoad2145
      @leptoad2145 4 года назад +3

      He really goes on a tangent

    • @MrDankTM
      @MrDankTM 4 года назад +1

      hello Ax. btw super bowl 2020 is boring

    • @BLZPHR
      @BLZPHR 4 года назад +3

      JODisHere wtf is your problem? Get outta here

  • @alostduckling5024
    @alostduckling5024 4 года назад +374

    Mat Pat: frustrated at someone who’s “having trouble” playing a video game, “you know ur good at”
    Screen: shows mark on fnaf
    SHOTS FIRED MY FRIENDS

  • @lauren3173
    @lauren3173 3 года назад +6

    11:51
    Excuse me, we’re called bakers! 😂

  • @RetroVibin
    @RetroVibin 2 года назад +5

    This video has taught me more than my economy class has.

  • @moomoomachines7193
    @moomoomachines7193 4 года назад +739

    You could also make the argument that emeralds in their world were so abundant and common that it could be used as a common currency.
    Lobsters back in the early 1700s were super plentiful and considered prison food. People thought it was the poor mans food. But now that the lobsters are rare, they become super expensive.

    • @hououinkyouma6629
      @hououinkyouma6629 4 года назад +65

      Emeralds *are* not! common in the Minecraft world, atleast to the player.. Idk how villagers got so much emeralds (Need a villager conspiracy video)

    • @moomoomachines7193
      @moomoomachines7193 4 года назад +56

      Hououin kyouma
      They could be very common because the villagers could have mined all of the emeralds out of the ore. Just because there are no emeralds in mines doesn’t mean there are little emeralds in circulation of the villagers.

    • @SapioiT
      @SapioiT 4 года назад +33

      @@moomoomachines7193 Considering the theory of Minecraft being set in a posy-apocalyptic world, and how players have different capabilities than the villagers, it could be possible for the villages to literally poop emeralds, and to maybe use them for something which the players cannot use them for. But we don't know what, yet. Maybe reproduction. I mean, villagers need to eat before making a baby villager, so theoretically they could be used for spawning creatures. And we just need a way to make spawn eggs using diamonds, or to acquire spawn eggs through trading, to confirm that.

    • @hououinkyouma6629
      @hououinkyouma6629 4 года назад +9

      @@SapioiT who knows... Maybe the villagers first gathered emeralds and then turned them into some sort of emerald generator or they might somehow infused themselves with emerald (don't ask me the details) or.. they really do know some sort of secret crafting recipe which is also easy to gather and craft

    • @aljon5947
      @aljon5947 4 года назад +5

      They painted crystals with green dye.

  • @1ronic127
    @1ronic127 4 года назад +985

    "Mommy, can we have rabbit stew tonight?"
    "Nah sweetie, just give me a year or two"

    • @1ronic127
      @1ronic127 4 года назад +16

      @Ian Li from the cleric

    • @DockingFreidmanRecords
      @DockingFreidmanRecords 4 года назад +8

      Villager family struggle.

    • @1ronic127
      @1ronic127 4 года назад +1

      @tutacat Matpat has theorized that the minecraft earth is round. Most obvious is that minecraft has gravity.

    • @houselemuellan8756
      @houselemuellan8756 4 года назад

      @@1ronic127 but clearly not the same gravity as in our universe.

  • @bate_ate7182
    @bate_ate7182 2 года назад +8

    7:50, Steph asks if Mat has seen Ollie, but then where did he get the arm and the leg? His limbs are attached to his body and same goes for steph :|

  • @connor_awesome6482
    @connor_awesome6482 Месяц назад +1

    14:21 i love the magikarp popping up when he said useless

  • @ecw613
    @ecw613 4 года назад +207

    "In Minecraft, everything is done by hand."
    *Laughs in Redstone*

    • @sirwaddlesdeethird7186
      @sirwaddlesdeethird7186 4 года назад +10

      *Laughs in COMMAND BLOCKS*

    • @kyudeathsbr3138
      @kyudeathsbr3138 4 года назад +1

      @@sirwaddlesdeethird7186 Laughs in *JSON , OPENGL , JAVA AND C++*

    • @owend0818
      @owend0818 4 года назад

      KyuDeathsBR *laughs in telekinesis*

    • @ecw613
      @ecw613 4 года назад

      @@kyudeathsbr3138 *Laughs in Mumbo Jumbo*

    • @sirwaddlesdeethird7186
      @sirwaddlesdeethird7186 4 года назад

      @@owend0818 Minecraft has telekinesis? What mod I want to try!

  • @drmem9514
    @drmem9514 4 года назад +1167

    Matpat: Villagers can’t defend themselves
    Nurm: *Sad Villager noises*

  • @Gabowsk
    @Gabowsk 2 года назад +17

    Alternate Title: MatPat explaining how capitalism works while getting insane with Villagers' working hours and wages.

    • @AKiDNAMEDLAX
      @AKiDNAMEDLAX Год назад

      This video is the first 200 pages of Capital Vol I

  • @matthewwells2520
    @matthewwells2520 Год назад +2

    13:00 "Angry mobs aren't trying to attack you every night...I hope."
    2023: Hold my beers.

  • @shortyboio
    @shortyboio 4 года назад +674

    Villagers talking about Steve:
    He protecc
    He attacc
    but most importantly
    he sell us sticc bacc

    • @MrDankTM
      @MrDankTM 4 года назад +4

      hi short. btw joe

    • @MuffinHawk
      @MuffinHawk 4 года назад +6

      JODisHere bro why you keep doing that everywhere

    • @user-nz3qm3rb8v
      @user-nz3qm3rb8v 4 года назад

      best way to make money ref.sharecash.co/yahia

    • @cherripai7645
      @cherripai7645 4 года назад +1

      @@user-nz3qm3rb8v no

    • @finalcartoon1044
      @finalcartoon1044 4 года назад +1

      @@user-nz3qm3rb8v best way to make money: get a job

  • @GogiRegion
    @GogiRegion 4 года назад +345

    I like to imagine that extreme emerald mining caused the supply to be so large that it devalued the currency, so now it’s a common item that people use like a coin.

    • @BriiIndica
      @BriiIndica 4 года назад +27

      Alexis Harper which would explain why their so hard to find

    • @kittykittykitty7682
      @kittykittykitty7682 4 года назад +11

      @@BriiIndica And presumably mining into a mountain (or extreme hills in earlier versions) is too difficult for villagers, which is why they're only found there now.
      But that's etc.

    • @MrDankTM
      @MrDankTM 4 года назад

      hi alexis. btw joe

    • @user-nz3qm3rb8v
      @user-nz3qm3rb8v 4 года назад

      ref.sharecash.co/yahia best way to make money

    • @defaultdan7923
      @defaultdan7923 4 года назад

      JODisHere mama

  • @Liyaskoo
    @Liyaskoo 2 года назад +1

    Matpat: Everything by hand.
    Mumbo Jumbo: What did you sayyyyyy.

  • @the_Ikar
    @the_Ikar 2 года назад +2

    11:54 "But in minecraft everything is done by hand"
    *Laughs in automatic farms*

  • @delightfulrainclouds6394
    @delightfulrainclouds6394 4 года назад +533

    Me: **was just watching film theory**
    Me: ok I think that’s enough for now, I should move onto-
    **Game theory notification**
    Me: **_looking around room suspiciously_**

    • @vzihall
      @vzihall 4 года назад +7

      They are watching. Always.

    • @ihatemirrors1216
      @ihatemirrors1216 4 года назад +8

      The League of Villains is also watching, Child Deku.

    • @RalvinTY
      @RalvinTY 4 года назад +2

      where are they...

    • @hollowcookie9648
      @hollowcookie9648 4 года назад +1

      RanDOM ANGER ISSUES ,?????? Tokoyami got yo back

    • @ihatemirrors1216
      @ihatemirrors1216 4 года назад

      @@hollowcookie9648 shut up hero

  • @Wincognit0
    @Wincognit0 4 года назад +1198

    13:17 just realised that”s my profile picture..
    Edit: how did I get 1K likes in a single check. Also the last time I checked I had 1K now I have 1.1K.. this comment is... OUTTA THIS WORLD!! :D *pun intended*
    Anyway thanks guys

  • @appletree3541
    @appletree3541 2 года назад +2

    7:42
    An arm a leg and a child
    For that you could learn the secrets of alchemy and make your own emeralds
    In Full metal alchemist the Elric brothers try to revivr their mother but one of them loses and arm and a leg and the younger brother loses his whole body but they get knowledge from an alchemy god and learn how to do alchemy without transmutation circles
    In case someone didn't get it.
    Correct any inaccuracies it has been 1 year and a half since my last rewatch

  • @Pokemonmasterz
    @Pokemonmasterz 3 года назад +4

    10:13 so let me get this straight, if this was the actual pricing, I have about 100s of millions of dollars just laying around in a chest I have

  • @N2O_The1000thElement
    @N2O_The1000thElement 4 года назад +419

    When a villager pay you a rock for 6.5 hours of labor
    Villager: Stonk

    • @WHATaOG
      @WHATaOG 4 года назад +2

      @Teroshki lol

  • @clumsiiconfidant5780
    @clumsiiconfidant5780 4 года назад +425

    Steph: Hey, where’s Ollie?
    Mat pat: **Clueless seeming whistling**

    • @spookysomeone
      @spookysomeone 4 года назад +8

      i saw ollie and, forgetting they had a child, went "im here"

    • @kingthordan2562
      @kingthordan2562 4 года назад +15

      'Honey, have you seen the baby?'
      'No, I think he got outside'
      ...
      *Unzips Dad disguise*
      ' *you FOOL* '

  • @jackchoukaier8764
    @jackchoukaier8764 2 года назад +5

    In economics, giving something value because it has use, beauty, etc… is call intrinsic/extrinsic value. Dollars and other modern currencies called “fiat” currency (Fiat being Latin for “let it be done”) has no such value itself, the only thing giving it value is because it is considered legal tender in its currency zone. In fact, fiat is defined by having no value (as in you can’t eat it or ride it.) Maybe the emerald is the fiat currency of villagers, its price changing from village to village.

    • @noppornwongrassamee8941
      @noppornwongrassamee8941 2 года назад

      More like villager to villager. I can't count how many times I came across two villagers in THE SAME VILLAGE selling/buying the same items for completely different prices. Like Villager 1 willing to buy 30 paper for 1 emerald and Villager 2 only wants 22 paper for 1 emeralds.

  • @bigfred5012
    @bigfred5012 3 года назад +2

    14:43 kinda random but i used to walk that same bridge every day to get to high school

  • @howtoplaygameswrong8719
    @howtoplaygameswrong8719 4 года назад +401

    Matpat: you can't eat emeralds
    Me: *Is that a challenge*

    • @TheKnightCrafter123
      @TheKnightCrafter123 4 года назад +6

      Do it! 🤣 buy a single real emerald gemstone which worth a fortune than eat it. Yum that sweet sweet sensation of eating money

    • @ironscorpion5131
      @ironscorpion5131 4 года назад +3

      *Shaggy has entered the chat*

    • @jrcspiderman2003
      @jrcspiderman2003 4 года назад

      @@ironscorpion5131 😂🤣😂

    • @zacharyherring8780
      @zacharyherring8780 4 года назад

      Yes
      That is a challenge

  • @Sirzacharia
    @Sirzacharia 4 года назад +642

    10:50 “Am I just wrong about this theory? Well no” nice job matpatting yourself on the back there.

    • @AlmondGlue
      @AlmondGlue 4 года назад +7

      You put the time stamp at the very end of that. Also, he didn’t ask if he was wrong about the theory, he asked about the calculation.

    • @FerventSpy66834
      @FerventSpy66834 4 года назад

      Almondglue r/whoooosh

    • @pogfection787
      @pogfection787 4 года назад +5

      @@FerventSpy66834 Its not a woooosh, there was a legit mistake.

    • @AlmondGlue
      @AlmondGlue 4 года назад +1

      The Cat Show 66834 r/ihavereddit

    • @lindor2948
      @lindor2948 4 года назад

      @@FerventSpy66834 r/woooosh dumbass and that's not a woosh

  • @rockysradar
    @rockysradar Год назад +1

    Matpat : Everything in Minecraft is done with hand. Every redstone engineer ever : You sure about that?

  • @jerilds
    @jerilds 3 года назад +1

    I love how mat and steff named there child from a skateboard trick

  • @ancientburrito9893
    @ancientburrito9893 3 года назад +2585

    SPOILER: One Emerald is approximately one Emerald.

  • @dDeckon
    @dDeckon 4 года назад +695

    Matpat: 7:42
    Steph: "Have you seen Ollie?"
    Gamora: what did it cost?
    Matpat: Idk, You Tell Me

    • @MrDankTM
      @MrDankTM 4 года назад +2

      hello matpat. btw diesel patches is daddy

    • @westvirginiastatepolice8873
      @westvirginiastatepolice8873 4 года назад +1

      dDeckon ur wasting ur time

    • @fouryou2887
      @fouryou2887 4 года назад

      If you spam one more time say goodbye.

    • @dDeckon
      @dDeckon 4 года назад +1

      ?What are you talking about? I typed this comment myself?
      Are ppl copy & pasting it????? Why? i'm confused

    • @westvirginiastatepolice8873
      @westvirginiastatepolice8873 4 года назад +1

      dDeckon I wasn’t talking about u

  • @battleax6364
    @battleax6364 2 года назад +2

    9:10 The fact that he said that and now we can actually play as Minecraft Steve in smash brothers ultimate is crazy

  • @jasonlan7475
    @jasonlan7475 3 года назад +4

    I guess the real value of the emerald is the friends we made along the way

  • @TheRealMisterSteve
    @TheRealMisterSteve 4 года назад +381

    Me: So how much is a Minecraft emerald?
    Mat Pat: Yes

    • @MrDankTM
      @MrDankTM 4 года назад +3

      hello Dimond. btw joe

    • @latamalera6888
      @latamalera6888 4 года назад

      Who is Joe

    • @deathrayman8074
      @deathrayman8074 4 года назад

      @@latamalera6888 Now, as you can see, you've fallen right into my trap!

  • @Gnerf
    @Gnerf 4 года назад +220

    Me: finds 11 emeralds that took days to find
    Villager: The best I can do is 2 dirt blocks

  • @soulplexis
    @soulplexis 2 года назад

    never thought id find the labor theory of value in a game theory video

  • @capesword111
    @capesword111 3 года назад +5

    The idea of money in a simplified system like this is in fact to use something pretty but useless for trade. Gold was a currency because it had prestige but nothing else. Perhaps emeralds are prestige in Minecraft.

  • @xT0rn_
    @xT0rn_ 4 года назад +736

    “It was frustrating- just like watching someone struggling through a game you’re very good at.” *shows markiplier struggling in fnaf*

    • @SuperMaanas
      @SuperMaanas 4 года назад +18

      xT0rn_ It’s because Mat is a FNAF theory expert while Mark isn’t. So, from a certain point of view, Mat’s really good at the game

    • @Kitsunelover1995
      @Kitsunelover1995 4 года назад +12

      @@SuperMaanas and markiplier made a reference to game theory in fnaf 3 its in the compilation

    • @jordanpaul492
      @jordanpaul492 4 года назад +5

      thanks for explaining a scene word for word

    • @slevinchannel7589
      @slevinchannel7589 4 года назад +4

      14:06: Buddy, you never lived in Alabama, didnt you?

    • @memeboi2096
      @memeboi2096 4 года назад +2

      Yeah whenever I see someone play farcry5 who is new to the farcry series I have finished the game like 4 or 5 times

  • @lightblazex4756
    @lightblazex4756 3 года назад +4367

    The real item worth a lot of money here is the lava that can be used like real life crude oil. And we have a whole dimension filled with it.

    • @nibs7252
      @nibs7252 3 года назад +387

      The Nether is Minecraft's Middle East, confirmed!

    • @Sacabambapis_
      @Sacabambapis_ 3 года назад +27

      Yes

    • @titanicsam19
      @titanicsam19 3 года назад +33

      Tekkit intensifies

    • @nategamer9184
      @nategamer9184 3 года назад +7

      @@nibs7252 ye

    • @colecochrane8164
      @colecochrane8164 3 года назад +50

      I always like this idea and do this in my SMP. It is very funny because at one point we had to have a war over the remaining fuel

  • @penitamani6794
    @penitamani6794 2 года назад +1

    Matpat : everything is done by hand
    Me : looking at redstones

  • @user-ng7sz9bi2i
    @user-ng7sz9bi2i 6 месяцев назад

    i love that the subtitles at 7:58 is "MatPat is thinking about every decision in his entire life...and whistling"

  • @Silverwind87
    @Silverwind87 4 года назад +233

    Cashier: That'll be $3.50.
    Me: *lifts a melon sized emerald and drops it on the counter while grunting heavily* Keep the change.

    • @renegadeprism42
      @renegadeprism42 4 года назад +4

      The most underrated comment here

    • @oilyfrog5022
      @oilyfrog5022 4 года назад +7

      The change being 11 billion.

    • @MrBlockhead132
      @MrBlockhead132 4 года назад

      Please please hand me that and tell me to keep the change 😂😂😂

    • @immasnarl292
      @immasnarl292 4 года назад +1

      @@renegadeprism42 *tHE mOSt UndErAtEd ComMenT HeRE*

    • @darknessblades
      @darknessblades 4 года назад

      *when you have soo much money that you do not know what to do with it.

  • @aspenator4091
    @aspenator4091 4 года назад +636

    Baby villiger: I dont wanna eat rabbit stew!!!
    Villager: Jonathon, this took me 8 hours for these 2 bowls of stew so eat it

    • @Ir1sss_
      @Ir1sss_ 3 года назад +6

      Lmao

    • @Ir1sss_
      @Ir1sss_ 3 года назад +10

      I would love to have rabbit stew

    • @jessepapi7927
      @jessepapi7927 3 года назад +11

      @@Ir1sss_ Same. Never had it but it sounds delicious!

    • @reuzdanielle4095
      @reuzdanielle4095 3 года назад +2

      Lol

    • @MrAzat-vi6qf
      @MrAzat-vi6qf 3 года назад +9

      You ungrateful little shi-

  • @inotna5237
    @inotna5237 2 года назад

    The thing I love about game theory’s intro is that it isn’t cringy

  • @user-yj5yy7ln3t
    @user-yj5yy7ln3t 4 дня назад

    I love finding a MatPat video that I haven’t watched before

  • @mrcoler8113
    @mrcoler8113 4 года назад +307

    16 Minute Video: Came our 4 minutes ago
    Commenters: GREAT VIDEO

  • @brandonswartz6488
    @brandonswartz6488 4 года назад +293

    "everything has to be done by hand in minecraft"
    *laughs in automatic redstone*

    • @Kelekky
      @Kelekky 4 года назад +11

      Avenger's fan just you wait till he finds out about super farms that when paired with a good villager, can make infinite emeralds to get infinite unbreaking IV

    • @_Killkor
      @_Killkor 4 года назад +3

      @@Kelekky Scicraft server guys: *have farms producing items worth quadrillions of emeralds*
      Scicraft: we need bigger farms

    • @DashBolt
      @DashBolt 4 года назад +1

      Congratulations, you have a stack of likes XD

    • @Kelekky
      @Kelekky 4 года назад +1

      Killkor Scicraft ppl: heh this farm is 30x30 chunks... it does not give enough carrots

    • @immasnarl292
      @immasnarl292 4 года назад

      @@Kelekky mpt big vetuy famr

  • @danielmcbride6413
    @danielmcbride6413 Год назад +1

    I really enjoyed this video! I liked how it took a nuanced approach that that really does explain the apparent value disparity between items traded by villagers for emeralds. It made me think about it in a way I haven’t thought about it before. It also made me think about rotten flesh. I think paying one emerald for rotten flesh is basically the equivalent of being a Minecraft bounty Hunter. Think about it! The enemy that poses the greatest threat to villagers(aside from players) is the zombie. The difference is, some players don’t hurt villagers, but zombies indiscriminately kill them all and turn them into the undead. The villager is likely willing to pay you a day’s wages for 24 pieces of rotten flesh not because they value the rotten flesh, but because the assumption is that you killed zombies in the surrounding area, thus making it vastly safer for the villagers. It’s actually really brilliant game design when you think about it like that.

  • @lxperron610
    @lxperron610 2 года назад

    I love Eggman randomly cackling as he runs by for no reason!

  • @hydrogenbomber3267
    @hydrogenbomber3267 4 года назад +129

    One simple answer: Inflation
    Have you noticed how emeralds became even rarer than diamonds? Yes, you heard it right.
    Those Villagers have mined so much emeralds, so much that there are barely any left in this world.
    Since they had so many emeralds in hand, emeralds eventually became worthless to them. Try and trade with a villager for 1 day, or 1 week, or 1 month; the villager can keep restocking but they can never run out of emeralds.
    Since Villagers can't build anything fancy or shiny with those emeralds, they don't even bother crafting emerald blocks anymore. All those emeralds lying in their storage are basically useless.

    • @skullchords
      @skullchords 4 года назад +3

      No one can just deflect the emerald splash

    • @FuntimeLetsPlays
      @FuntimeLetsPlays 4 года назад +2

      That is actually a very great theory

  • @Chigger
    @Chigger 4 года назад +132

    Me: *Walks around with emeralds*
    Shady villager: "Pssst. You want a cookie?"

    • @MrDankTM
      @MrDankTM 4 года назад +1

      hi lane. btw joe

    • @HolarMusic
      @HolarMusic 4 года назад +1

      Shady villager: **HMMM**

  • @deathc0ntent
    @deathc0ntent 2 года назад +2

    the funny thing is that if you infect and cure a villager they just sell you diamond armor for 1 emerald, so perhaps you can tell what the price of an emerald using that method

  • @nickanderson8305
    @nickanderson8305 2 года назад

    2 years later this really has a new meaning

  • @CptRussiaXD
    @CptRussiaXD 4 года назад +693

    Emeralds exist
    Minecraft villagers: *_MINE MINE MINE MINE_*

  • @serenityordonez7990
    @serenityordonez7990 4 года назад +272

    13:47
    Villager:*Slips under the door*
    *SNEAK 100*

    • @LeoMarciana
      @LeoMarciana 4 года назад +10

      *mission impossible theme starts playing*

    • @EHc0325
      @EHc0325 4 года назад +4

      *Flat Stanley has entered the chat*

    • @hamz5791
      @hamz5791 4 года назад +1

      13:46*

    • @agentbowlingball6993
      @agentbowlingball6993 4 года назад

      Sorry stole your comment, my bad.

  • @anthonyj.adventures9736
    @anthonyj.adventures9736 Год назад

    This math reminds me of the duck tails vault. Different measurement all plausible all mind melting. Love it.

  • @DovyBL
    @DovyBL Год назад +1

    The villager watching me eating his stew that he worked on 5 years in 3 seconds

  • @adriennekaio4980
    @adriennekaio4980 4 года назад +163

    MatPat: _does economical study on Minecraft villagers_
    Internet: *_You have earned our respect._*

  • @Jireninyourrecommendations
    @Jireninyourrecommendations 4 года назад +325

    Calculating the price for an Emerald is as equivalent as calculating Reddit Karma. They're both all over the place

    • @randomshyte9989
      @randomshyte9989 4 года назад +14

      And they both dont matter

    • @narayananmohan8114
      @narayananmohan8114 4 года назад +1

      Dont encourage him... He'll DO the calculation somehow. XD

    • @Stefanga44
      @Stefanga44 4 года назад

      Wait here are 3 replies but on my screen before i click on the comment there stands one command

  • @lght4690
    @lght4690 2 месяца назад +2

    We love you Matpat:)

  • @BorchikYes
    @BorchikYes 3 года назад +1

    The beginning is the best part

  • @IHateCopperGolems
    @IHateCopperGolems 3 года назад +1916

    Next do a theory on what went wrong in the wandering trader's brain to make him think his trades are good

    • @Squidkid3333
      @Squidkid3333 3 года назад +43

      Agreed

    • @crypt5129
      @crypt5129 3 года назад +54

      Idk, sometimes he’s useful

    • @Squidkid3333
      @Squidkid3333 3 года назад +29

      @@crypt5129 Its a 3 percent (not really) that he has something useful

    • @crypt5129
      @crypt5129 3 года назад +75

      @@Squidkid3333 I am an extremely lazy player, so I look forward to the wandering trader visiting my base.
      I can buy lily pads instead of walking to the swamp right next to me

    • @Squidkid3333
      @Squidkid3333 3 года назад +21

      @@crypt5129 true, lilypads are pretty good

  • @callmehdan6228
    @callmehdan6228 4 года назад +595

    “ It’s currency I can eat!” 😆😂🤣😆

  • @maxifire32
    @maxifire32 2 года назад +3

    Fun fact: in a world with no extreme hills and villagers emeralds are infinite times more rare than normal, this also applies to super flat world with no villagers

  • @someidiot9621
    @someidiot9621 2 года назад

    Dipper Pines:Looks At Emrald
    Also Dipper:Wow This Is Useless

  • @embeboso8329
    @embeboso8329 3 года назад +744

    The player selling the villager's carrots back to them: This is where the fun begins
    The villager getting the carrots without labor: In case you haven't noticed, you've fallen right into my trap

    • @theflyingwhale5778
      @theflyingwhale5778 Год назад +29

      But the Villager pay for our services..

    • @lowkeyidiot4134
      @lowkeyidiot4134 Год назад +43

      @@theflyingwhale5778 But with things that are basically worthless to them

    • @electricpepperoni4789
      @electricpepperoni4789 Год назад +11

      @@lowkeyidiot4134 OHHH

    • @lasercraft32
      @lasercraft32 Год назад +20

      The funny part is, you can make afk carrot farms where the villagers farm them for you, using minecart hoppers and stuff... then you can trade them their own carrots back to them ;3

    • @mmmmmmmmm463
      @mmmmmmmmm463 3 месяца назад

      Villager: Hoh hun hah hun hah hon hoon (Here is your carrots)
      Steve: Okay I will give you some emeralds
      *gives emeralds*
      Steve: What other trades do you have?
      Villager: Hoh hanhoon han hon han han hon! (You could trade those carrots for a stick!)
      Steve: 😑

  • @DogPerson626
    @DogPerson626 4 года назад +755

    “By the way, have you seen Ollie?”
    *Gotta go.*

    • @lobster_monster
      @lobster_monster 4 года назад +12

      He's been very busy here in Rome.
      Now that we've got that out of the way, we can move on to the world and its different continents.
      England has a charming variety of worlds, from southern hills in the east, to it's massive island in the middle. The gold is in London though.
      Japan has two: the west coast and Japan's known as the land of the rising sun. It's infamous for whaling and environmental damage.
      Our next area is North America, South America and Australia. These are exactly the same world, only those four continents are parallel rather than combined. Those continents are Russia, the Dutch Antilles, New Zealand, and Minecraft.

    • @shreya...007
      @shreya...007 3 года назад +13

      @@lobster_monster Random≠Funny

    • @therobbu
      @therobbu 3 года назад +5

      Gotta go faster

    • @xexpaguette
      @xexpaguette 3 года назад +2

      Fast

    • @IronIsKing
      @IronIsKing 3 года назад +1

      @@lobster_monster cool but who asked?

  • @neokolder472
    @neokolder472 Год назад +1

    Would be cool to see some Terraria theories. Even with well known lore there are a lot of things that can be theorized

  • @Rune.the.therian
    @Rune.the.therian 2 года назад +1

    I gotta say, this is a very interesting episode. I have wondered, if I came to a pawn shop with a real minecraft emerald, what is it worth?