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PLEX and it True Nature

First post
Author
Artur Asimov
Center for Advanced Studies
Gallente Federation
#1 - 2015-12-14 02:00:50 UTC
Fellow capsulers, Dear CCP.

If you don't find this introduction intresting, please just skip to Summary.

I would like to point out and discuss few aspects of PLEX behavior in free market economy that are bothering me. I'm not veteran capsuler, nor skilled or infuencional one - just one of many living in EVE universe background. But maybe this point of view will come in handy now.

Lets start with PLEX itself, only item existing in game that can be legaly bought via real world currency. Creation and implementation of PLEX is one of greatest ideas - giving players much more posibilities then in any other MMO. You are good enought? You can play in cost of hours spend in game working to get one. Do you want to kickstart your project? No problem if you have spare money, just put some PLEX'es on the table.

But in this world, sadly, nothing is perfect. Even the best of ideas can and will be misused. Free market and laws guilding its behavior are inevitable - if there is way to get profit people will find it.

The Reasoning

Supply and Demand. It should explain everything, it should be simple. But it isn't.

PLEX are bought for two reason - you want to get service yourself (Game time, AUR, etc), or you want to sell them for ISK. Only second part is intresting for us here, so lets focus on it.

If you sell you want that ISK in moment you put PLEX into gameworld, after all it was the only reason you did it in given time. Supply is generated by people able to give real money to support and sustain CCP.

But what about Demand?

One source is obvious, people that worked in game to get one. For game time, AUR or whatever they need or want. It is only natural, the reason why such system was implemented in first place.

Second source of Demand is nightmare of our great system. People that have enought ISK to intercept part of currently added PLEXes as an future market play. It is more then OK from Supply perspective - they get what they want. But those PLEXes aren't used. They disapear from market until they hoarders can make profit selling them. Ugly speculation.

Can CCP do something about it? Or rather do laws of free market allow to do anything?

Well... Any intervention will bring only short term change, often followed by reverse, Yo-yo like effect. There is no way to directly control or influence price of items in free market in way we want.


An Idea

CCP is binded by universal rules applying to they creation that they can't change. That is true.

But what if we switch perspective?

Why item that have real money value atteched to it need to work on that same rules as items generated in gameworld?

CCP can't change universal laws but they are game Archgods, every local rule will easly bend to they will.

There is my proposition how to separate PLEX from market speculation leaving it inside free market at that same time:

We don't need second demand generating group, so we shall restrict ability to resell PLEX in market. Person who bring PLEX in game should be unrestricted in way he want to manage it (Sell, move, use etc). But once it change hands PLEX should be locked in state that allow only use - no moving, selling, contracting etc. Due to donate option you can extend game time at your alts or friends acc without any problems. That option could be expand by activating other PLEX option for someone else (There is no way to trade for such thing, no guarantee that gifted person will pay).

Summary

PLEX price is significantly influenced by market plays and speculations that are inseparable part of free market. There is no way CCP can influence PLEX price due to simple laws of economy.

Due to it we should change PLEX status as an item. It should no longer be treated as every other that is 100% in-game generated.

PLEX when it come to game should be 100% unrestricted, as it is today. But once it somehow change owner, from this point it should be impossible to do anything but use it. That would force people to buy only that amount of PLEXes they and they alts/friends directly need.

Example of Implementation

Every PLEX already in game should be associated with current owner. We could for example change it name to G-PLEX what stands for General Player Licence EXtension. Every new PLEX should be a G-PLEX as well.

Once G-PLEX is sold, contracted, traded, droped in jetcan and picked - in other words it is own by someone else it is no longer G-PLEX. Game will change it to P-PLEX. Personal Player Licence EXtension. When person trade for G-PLEX it should get notification that upon end of transaction she/he will not be able to resell it in any way.

P-PLEX can't be moved from station hangar and is automaticaly moved to it if capsuler is docked to station owned by NPC an have one in hold. You can't sell, contract or trade P-PLEX but in any time from any place you can activate and use any of its function you like.

Final Thoughts

This post is writen in rather confident style. I'm not saying that whole universe work exacly like I belive it does. It is my attempt to present way of my thoughts that lead to presented idea. If I'm wrong please feel free to correct me. If my idea have obvious flaw, please point it out.

I believe that it may help. That is why I sacrificed my sleep time to write it down (Idea poped out from nowhere just before I fall asleep)

Thanks for your patience and attention if your read whole message. I hope that it wasn't waste of your time and together on this basic we will be able to create working solution.

o7
Feledain
Elmsfeuer
#2 - 2015-12-14 02:36:46 UTC
The thing is.

There are litteraly millions of € in Plex on stations all over new eden. They are kind of a loan to CCP. If you force the use of this stockpile CCP will loose that money that acts as a intrest free loan.

And to be honest. All you want is cheap Plex for yourself.
SurrenderMonkey
State Protectorate
Caldari State
#3 - 2015-12-14 03:06:05 UTC
Uh, no where in that Baby's First Economic Analysis nonsense did you ever actually persuasively establish that there was a problem. You just skipped right ahead to a ****** solution.

"Help, I'm bored with missions!"

http://swiftandbitter.com/eve/wtd/

Arisidana
Amadari Traders
#4 - 2015-12-14 03:25:15 UTC
Don't you dare to touch my PLEX trading. Twisted
Thierry Orlenard
Center for Advanced Studies
Gallente Federation
#5 - 2015-12-14 03:28:18 UTC
This is a "solution" to a non-existent problem.
Scipio Artelius
Weaponised Vegemite
Flying Dangerous
#6 - 2015-12-14 03:31:23 UTC
PLEX too expensive thread #27475922958694921045858392028374843949585494939239485758428293847557383292847575382923747575382928475753829374745748493934757584933847458585939392

I think that's right. The last digit might be a 3.
Demica Diaz
SE-1
#7 - 2015-12-14 03:32:28 UTC
Isnt this like WoW Token works in Warcraft? Anyway, I do not see any problem with current PLEX, thus not see any point to change the system that works.

Artur Asimov
Center for Advanced Studies
Gallente Federation
#8 - 2015-12-14 05:50:20 UTC  |  Edited by: Artur Asimov
Dear fellow capsulers,

I'm deeply grateful for deep insight of your constructive criticism.

Jokes aside, as far I see only 6 variant of that same reply

Arisidana wrote:
Don't you dare to touch my PLEX trading. Twisted


Just writen in less obvious ways.

So.

If there is no problem why CCP make few direct attempts to lower in-game PLEX price?

If one of they (CCP) representative will show up there an say: "PLEX in-game price isn't our concern/PLEX in-game price is as it should be" I will gladly end this topic and apologize for time that I wasted.

Until then... I wish for some discusion.


Feledain wrote:
The thing is.

There are litteraly millions of € in Plex on stations all over new eden. They are kind of a loan to CCP. If you force the use of this stockpile CCP will loose that money that acts as a intrest free loan.

And to be honest. All you want is cheap Plex for yourself.


Dear Feledain,

My solution have a simplistic beauty in this arena, that are noticable only for those who read whole message.
It force none of already existing PLEX to change it status. Status will change once current owner will decide to sell it - without forcing him to do so.

And of course not! As an response for the last part. I'm good Samaritan, so I want a low PLEX price for my cats.
Linna Excel
Center for Advanced Studies
Gallente Federation
#9 - 2015-12-14 07:01:51 UTC
Scipio Artelius wrote:
PLEX too expensive thread


I thought plex was too expensive when I last stopped playing. It was like 450m at the time.

Now plex could be a bubble and collapse, which would be hilarious, but I don't see that happening until the isk faucet is fixed. Until then it seems sort of like a hedge against ingame inflation. There's also the other side of the coin which says maybe plex is expensive because the supply is limited by the new wowkiddies coming in and WoW is losing subs to FF14 because catgirls>dark elves.

I think the short of it is, bleep it, I'm not worrying about getting "free" game time. I did that once and burnt myself out in the process running L4s. Didn't even get to enjoy the extra time after I put all that effort into it.
Artur Asimov
Center for Advanced Studies
Gallente Federation
#10 - 2015-12-14 07:30:56 UTC
Linna Excel wrote:
Scipio Artelius wrote:
PLEX too expensive thread


I thought plex was too expensive when I last stopped playing. It was like 450m at the time.

Now plex could be a bubble and collapse, which would be hilarious, but I don't see that happening until the isk faucet is fixed. Until then it seems sort of like a hedge against ingame inflation. There's also the other side of the coin which says maybe plex is expensive because the supply is limited by the new wowkiddies coming in and WoW is losing subs to FF14 because catgirls>dark elves.

I think the short of it is, bleep it, I'm not worrying about getting "free" game time. I did that once and burnt myself out in the process running L4s. Didn't even get to joy the extra time after I put all that effort into it.



Please don't label this topic like that. I would like to talk about much more and less in that same time then only "PLEX too hight, aaaarght!"

More - the role and place of PLEX in free market economy.

Less - Im fully aware that PLEX price is influenced by many factors but I have no solution for other part of this problem. If we can agree that there IS problem. As many already pointed there are many other topics that talk about it... So please focus on main idea there.
Max Deveron
Deveron Shipyards and Technology
Citizen's Star Republic
#11 - 2015-12-14 07:31:54 UTC
-1

I do not believe we need a WoW implentation here, because unlike CCP Blizzard controls its market with an iron fist.
Secondly, it is very easy to earn the current price of a single plex in at most a matter of days...a working corp(meaning active and not dysfunctional) can earn enough for several plex in a week (at least a dozen) at current prices.
Artur Asimov
Center for Advanced Studies
Gallente Federation
#12 - 2015-12-14 08:43:20 UTC
Max Deveron wrote:
-1

I do not believe we need a WoW implentation here, because unlike CCP Blizzard controls its market with an iron fist.
Secondly, it is very easy to earn the current price of a single plex in at most a matter of days...a working corp(meaning active and not dysfunctional) can earn enough for several plex in a week (at least a dozen) at current prices.


I must admin that I wasn't aware of similarity between my idea and Blizzard system. I never played WoW much (Some vanilla, then WotLK when it come out for month at most) it isn't my type of the game.

Back to main topic.

PLEX.

To be 100% clear even if I would welcome price drop right now I'm able to sustain 6 account for fair long amount of time only via ISK. That idea of G-PLEX and P-PLEX wasn't born becouse I'm too dumb to afford PLEX for my accouts and I want everything for free.

My idea has completly different genesis.

I would love to keep playing EVE in years from now. I would love to see CCP working and growing uninterupted. And as far as I undestrood current PLEX price isn't good for them.

If one want ISK he/she can get in in game or buy PLEX. Cost of game items didn't change much compared to PLEX. Right now if someone want freighter they need to pay 20$ and get one. When PLEX was 700m that person would need to pay 40$ for that same in-game worth of items. Do you see how CCP may have loose profit due to silly market games of few bored players? It is like stabing gold-egg laying bird becouse it will lay more eggs for a few moments! But it will bleed too...

That is why I presented this idea of mine. This possiblity could be overlooked by CCP, so even if odds for it was very low I feel like it wasn't wasted attempt.

Dear Capsulers, what are good sides of current PLEX system and its current role in EVE free market? Profit for small group that hold enought ISK to hoard PLEXes for future sale? Did I miss some critical piece that make such form of PLEX much superior to my idea?
Solecist Project
#13 - 2015-12-14 08:45:43 UTC
Roll

That ringing in your ears you're experiencing right now is the last gasping breathe of a dying inner ear as it got thoroughly PULVERISED by the point roaring over your head at supersonic speeds. - Tippia

Lucas Kell
Solitude Trading
S.N.O.T.
#14 - 2015-12-14 08:58:53 UTC
Artur Asimov wrote:
I would love to keep playing EVE in years from now. I would love to see CCP working and growing uninterupted. And as far as I undestrood current PLEX price isn't good for them.
Then you understand wrong. High plex price is good. Think about it. The higher the plex price, the more likely someone is to buy a PLEX from CCP to sell it to fund their bling ship.

Tiberius Heth wrote:
If one want ISK he/she can get in in game or buy PLEX. Cost of game items didn't change much compared to PLEX. Right now if someone want freighter they need to pay 20$ and get one. When PLEX was 700m that person would need to pay 40$ for that same in-game worth of items.
Except they wouldn't. What they'd say is "I'm not paying $40 for a freighter in game" then not buy any PLEX.

The thing is, the PLEX price is where it is due to demand. People are willing to pay that for PLEX so that's it's price. If it were "too high" then it would drop as people wouldn't buy it. CCP have before spoken about PLEX prices, and they pointed at the chinese server and said "PLEX is 3b over there" so it doesn't sound like they are worried. In addition, the only time they get involved in PLEX prices are if they rise or fall too quickly because that risks a crash which really is bad. If your idea were implemented, they would drop insanely fast and CCP would probably see their sales of PLEX bomb out.

The Indecisive Noob - EVE fan blog.

Wholesale Trading - The new bulk trading mailing list.

malcovas Henderson
THoF
#15 - 2015-12-14 09:13:53 UTC
Solecist Project wrote:
Roll



💩thread
Orla- King-Griffin
#16 - 2015-12-14 09:22:58 UTC
Artur Asimov wrote:

More - the role and place of PLEX in free market economy.


If you're going to take that name (Asimov) at least do it the justice of being a little observant.

Plex is the gold standard.

Ah shite...

Artur Asimov
Center for Advanced Studies
Gallente Federation
#17 - 2015-12-14 10:07:48 UTC
First of all I'm realy grateful for your response Lucas Kell. Not sure if anyone noticed but you are first person that quoted me. I hope that not a first one that actualy read any of my posts... But I can't be sure on that. But I will need to check few more things:

Lucas Kell wrote:
The thing is, the PLEX price is where it is due to demand. People are willing to pay that for PLEX so that's it's price. If it were "too high" then it would drop as people wouldn't buy it. CCP have before spoken about PLEX prices, and they pointed at the chinese server and said "PLEX is 3b over there" so it doesn't sound like they are worried. In addition, the only time they get involved in PLEX prices are if they rise or fall too quickly because that risks a crash which really is bad. If your idea were implemented, they would drop insanely fast and CCP would probably see their sales of PLEX bomb out.


I would like to point out that one and the only thing my idea will change is elimination of false demand. So PLEX price would be there where it belong without unpredictable market speculations. You are saying that most part of current demand is created by those hoarders? Then it should be even better idea, cancer is wider spread then I was afraid.

People Republic of China... I trust that you understand how different they mentality and economy is. They are more likely to spend few times that many time grinding in game then they would spend in job and get it via real world currency. That have nothing to do with european/american/rest-of-world way of playing games.

If problem is connected to massive stockpile of PLEXes (Change in market would most likely create panic and everyone would want to get rid of the stockpile) already in game we could just change them into P-PLEX. That would make all those who was trying to f*** PLEX market for the own personal gain rage... But as well restarted supply making PLEX even rise in price at start. By the way, are you one of those? How many PLEX that you will never use do you have?

Lucas Kell wrote:
Artur Asimov wrote:
If one want ISK he/she can get in in game or buy PLEX. Cost of game items didn't change much compared to PLEX. Right now if someone want freighter they need to pay 20$ and get one. When PLEX was 700m that person would need to pay 40$ for that same in-game worth of items.
Except they wouldn't. What they'd say is "I'm not paying $40 for a freighter in game" then not buy any PLEX.


Lucas Kell wrote:
Artur Asimov wrote:
I would love to keep playing EVE in years from now. I would love to see CCP working and growing uninterupted. And as far as I undestrood current PLEX price isn't good for them.
Then you understand wrong. High plex price is good. Think about it. The higher the plex price, the more likely someone is to buy a PLEX from CCP to sell it to fund their bling ship.


Isn't it much more complicated? For example low PLEX price make peoples create more alts which is making additional demand? Higher PLEX price force some people out of game but if they would stay they could buy PLEX in future increasing supply? etc... I believe that kind of complicated system can't be described in such an simple way. PLEX price is hight = cool.



But as long as CCP is fine with it I'm too.

When I was writting down this idea at 3AM to didn't forget about it I knowed it me be completly rubish but I still hope it isn't. Thanks for everyone who answered an shame on all spammers who wasted time and bits unnecesary.

If it may help it will, if not it wont. I will no longer comment under this topic untill CCP response. What isn't very likely, right?

o7
Luke Skywalking
C0NC0RD Branch Office
#18 - 2015-12-14 11:27:41 UTC
Hi.. I am a new player that started out for nearly 2 weeks. I bought normal subscription as a form of motivation to earn enough ISK to buy a Plex, not that I needed that to play this game, but just as a personal objective and a form of motivation

I read through your whole thesis :

Basically, you suggested some changes to the current Plex system, and that it can only be re-sold once, from a player whom purchased it with real cash, to a player who wants the Plex for whatever reasons. And that trading stops there.

So, to summarize, you are making Plex less desirable to get, and hence forcing a market price restructuring. ( Plex falls in price)


I shall keep my opinions to myself but I just have one burning question for you...


Why will CCP allow , or want to, make its Plex less desirable in game? Or in other words, why will CCP make changes that will be detrimental to its income profits?



No one method is the right method, nor the wrong method.

Gliese Casserres
Confused Bunnies Inc
#19 - 2015-12-14 11:55:17 UTC
Arthur, my old friend, why are you arguing with GD trolls? Nobody has ever accomplished anything by doing that. Lol
Omnathious Deninard
University of Caille
Gallente Federation
#20 - 2015-12-14 12:30:30 UTC
Restrict the ability to retrade plex and you will limit the number of plex on the market, thus increasing the cost of plex. Your 'solution' would have a backwards effect.

If you don't follow the rules, neither will I.

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