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Regulate Plex Trade!

Author
Hairpins Blueprint
The Northerners
Pandemic Horde
#61 - 2016-02-17 19:12:53 UTC
Nafensoriel wrote:
Ok. You want regulation. Do you realize this can possibly lead to an event where plex is not worth buying? Yes its a thing. Smaller MMOs suffer from the issue where that 19 bucks isnt worth spending since the in game currency gains are not a significant time saving.

Additionally just a big old smack of realism to idealistic thoughts here...
Begging for regulation is basically admiting you cant handle your own crap. It's asking a government(CCP in this case) to think for you. No government has ever f*cked this up have they?


/edit
Actually I will expand this..

You want 300m plex. That's 3hrs. You want to spend 19 bucks to save 3hrs of in game time which is worth 30 days of game time.
Sounds really stupid when put into perspective doesn't it?



it's more about insane market, and how few traders have total control over a meta game item.
SurrenderMonkey
State Protectorate
Caldari State
#62 - 2016-02-17 19:34:00 UTC
Hairpins Blueprint wrote:
Nafensoriel wrote:
Ok. You want regulation. Do you realize this can possibly lead to an event where plex is not worth buying? Yes its a thing. Smaller MMOs suffer from the issue where that 19 bucks isnt worth spending since the in game currency gains are not a significant time saving.

Additionally just a big old smack of realism to idealistic thoughts here...
Begging for regulation is basically admiting you cant handle your own crap. It's asking a government(CCP in this case) to think for you. No government has ever f*cked this up have they?


/edit
Actually I will expand this..

You want 300m plex. That's 3hrs. You want to spend 19 bucks to save 3hrs of in game time which is worth 30 days of game time.
Sounds really stupid when put into perspective doesn't it?



it's more about insane market, and how few traders have total control over a meta game item.



They really need to add tinfoil hats to the NES.

"Help, I'm bored with missions!"

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Hairpins Blueprint
The Northerners
Pandemic Horde
#63 - 2016-02-17 21:21:01 UTC
SurrenderMonkey wrote:
Hairpins Blueprint wrote:
Nafensoriel wrote:
Ok. You want regulation. Do you realize this can possibly lead to an event where plex is not worth buying? Yes its a thing. Smaller MMOs suffer from the issue where that 19 bucks isnt worth spending since the in game currency gains are not a significant time saving.

Additionally just a big old smack of realism to idealistic thoughts here...
Begging for regulation is basically admiting you cant handle your own crap. It's asking a government(CCP in this case) to think for you. No government has ever f*cked this up have they?


/edit
Actually I will expand this..

You want 300m plex. That's 3hrs. You want to spend 19 bucks to save 3hrs of in game time which is worth 30 days of game time.
Sounds really stupid when put into perspective doesn't it?



it's more about insane market, and how few traders have total control over a meta game item.



They really need to add tinfoil hats to the NES.



...

I know people that have stacks, thousands of plex. Same thing will be soon hit extractors/injectors.



People should invest in diffrent things than meta game items. Build stuff etc, intead of buying plex because it's guaranteed not to fall under current mechanics.

CCP is losing money on this ... the more plex cost the less people buy.
SurrenderMonkey
State Protectorate
Caldari State
#64 - 2016-02-17 23:27:27 UTC
Hairpins Blueprint wrote:


CCP is losing money on this ... the more plex cost the less people buy.


Your claims regarding this have been thoroughly debunked in the thread already. You don't lend any credibility to yourself as something other than a whacky conspiracy theorist by merely repeating them ad nauseum.

"Help, I'm bored with missions!"

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

Petrified
Old and Petrified Syndication
#65 - 2016-02-18 00:20:17 UTC
Sorry, it has been a bad idea presented before and is still a bad idea today.

Free markets is a win-win for everyone. For the player looking to convert cash to isk: it is a win. For the player looking to convert isk to play time: it is a win. For the player looking to invest in the future by moving ISK to PLEX: it usually is a win, but like real-estate, all markets have downturns.

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Daichi Yamato
Jabbersnarks and Wonderglass
#66 - 2016-02-18 00:27:33 UTC
Hairpins Blueprint wrote:


...

I know people that have stacks, thousands of plex. Same thing will be soon hit extractors/injectors.



People should invest in diffrent things than meta game items. Build stuff etc, intead of buying plex because it's guaranteed not to fall under current mechanics.

CCP is losing money on this ... the more plex cost the less people buy.


Nope. You have it backwards.

-The higher the isk price the less people buy with isk. But CCP make no money (NONE) from people who pay for their PLEX with isk.

-The higher the isk price, the more players that will subscribe with real money and the more players willing to buy PLEX with cash and trade it for isk.

CCP actually make more money the higher PLEX prices get.

EVE FAQ "7.2 CAN I AVOID PVP COMPLETELY? No; there are no systems or locations in New Eden where PvP may be completely avoided"

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Rodric O'Connor
Dark Evolved Industries
Dark Taboo
#67 - 2016-02-18 06:45:38 UTC
i see where your coming from but you need to look at it in a different light

eve's market is a player run economy and as a economy it is subject to thing that happiness in a economy like recession, collapse of prices and spikes in prices est. Now CCP has done a great job keeping the market going and if something happen like a market collapse it would muck up every thing to the point of the hole market being reset witch would kill market and plex's are the back bone of EVE's player run economy witch will all way be traded like has been regardless what we say. IT IS A ITEM TO BUY (with ISK or €/$) AND SELL.


P.S if you dont like the price of buy PLEX i can show you how the make 8 billion in 4 week lol Lol

Jean-Paul Sartre once said “People are like dice. We throw ourselves in the direction of our own choosing.” these words are so true in eve

Ima Wreckyou
The Conference Elite
The Conference
#68 - 2016-02-19 18:03:09 UTC
PLEX was introduced to battle RMT. The more expensive a PLEX is the better it works, so a high PLEX price is good.
Jonah Gravenstein
Machiavellian Space Bastards
#69 - 2016-02-19 22:36:21 UTC  |  Edited by: Jonah Gravenstein
Hairpins Blueprint wrote:
it's more about insane market, and how few traders have total control over a meta game item.
It's a player driven economy, one of the foundations of Eve is that the economy is driven by players.

CCP are not responsible for the exchange rate of € to zł, your subscription/PLEX is a luxury; given that you claim to be able to buy a weeks worth of groceries for €15, the cost of living in Poland is considerably lower than elsewhere in Europe*

A monthly sub of 70 zł is equivalent to £12.39 or €16 at today's exchange rates; sub cost for the UK is £9.99, for Europe it's €14.95. Hardly hard done by and percentage wise players in Canada and Australia pay far more, 37 and 34% respectively, because of loss of value due to exchange rates.

A PLEX at 90 zł is equivalent to £15.91 or €20.60 at today's exchange rates, CCP sell them for £16.99 in the UK and approx €20 in Europe.

Yes, your sub costs slightly more because you have to pay it in a foreign currency, deal with it. You're not unique in having to pay more for some goods because of where you live, it's something that affects everybody; it's certainly not CCP's fault nor anything to do with the PLEX market.

You can buy a PLEX from CCP for less than people in the UK and on a parity with the rest of the people who pay in €. If you shop around you can pick up a PLEX, from CCP partners, for within a few percent of a sub price.

WTF are you moaning about?

Quote:
I know people that have stacks, thousands of plex. Same thing will be soon hit extractors/injectors.
And?

PLEX is the gold standard of Eve, it is unlikely to reduce in value and even if it does it's got a floor price of $14.95, €14.95 or £9.99; that is the base value of what it represents, 30 days of game time.


Quote:
People should invest in diffrent things than meta game items. Build stuff etc, intead of buying plex because it's guaranteed not to fall under current mechanics.
See my original point; player driven economy, deal with it.

Quote:
CCP is losing money on this ... the more plex cost the less people buy.
Supply and demand, there's obviously people who are willing to buy it with isk at current prices, and plenty of them. If there weren't, PLEX would be cheaper to buy with isk.

CCP don't lose money, every person that pays by PLEX indirectly puts 20%+ more money into CCP's wallet than they would if they paid by sub; primarily because every PLEX that gets consumed was A: purchased with hard currency and B: costs the customer more than the equivalent game time paid by subscription.

TL;DR: Until you can demonstrate that you understand the hows and the whys of the way the current system works beyond "My country's foreign exchange rate sucks the big one and CCP should fix it.", the answer is nope.

* after a quick google search the cost of consumer products in Poland is about 50% lower than it is in the UK and the cost of housing is 60% lower than in the UK.

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Feyd's Survival Pack

Iain Cariaba
#70 - 2016-02-20 04:56:00 UTC
Jonah Gravenstein wrote:
Quote:
People should invest in diffrent things than meta game items. Build stuff etc, intead of buying plex because it's guaranteed not to fall under current mechanics.
See my original point; player driven economy, deal with it.

There's also the fact that the price of PLEX has nothing to do with the stats or usage of an item. Many times through the years did I watch the value of particular hulls and item fluxuate wildly based on FOTM, or the whims of CCP.

A couple examples:[List]
  • During last Alliance Tournament, Gilas were selling for around 500mil isk. That price rapidly dropped after AT ended.
  • When CCP decided to add rig slots to freighters, people quickly invested in the rigs they figured freighter pilots would use. When CCP decided to go with low slots instead of rigs, the tears flowed from those who invested in now worthless rigs.

  • PLEX is a safe investment. IRL I know people who own literally kilograms of gold. They buy gold because it is a safe investment for their money, not prone to rapid down turns. This is the same reason people invest in PLEX.
    Teckos Pech
    Hogyoku
    Goonswarm Federation
    #71 - 2016-02-20 19:33:11 UTC
    Hairpins Blueprint wrote:
    Let's end vicious cycle of plex price .....


    You know, I and others make some posts about the underlying economics of the situation and you respond with...this complete bullshit.

    You sound like a freaking politician IRL spouting nonsensical bromides that have nothing to do with what is actually going on but could make for a great slogan.

    How about this...you grow and stop engaging in magical thinking.

    "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

    8 Golden Rules for EVE Online

    Teckos Pech
    Hogyoku
    Goonswarm Federation
    #72 - 2016-02-20 19:37:45 UTC  |  Edited by: Teckos Pech
    Hairpins Blueprint wrote:


    Lots of stuff that basically boils down to....



    "I want a subsidy to play the game and CCP should make other players pay that subsidy by taking away the value of any PLEX they currently hold and the value of future PLEX that is bought in terms of ISK."

    No. **** no.

    "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

    8 Golden Rules for EVE Online

    Estella Osoka
    Cranky Bitches Who PMS
    #73 - 2016-02-20 23:05:08 UTC
    Four pages of this nonsensical BS because the OP doesn't know how a free market economy works?
    Teckos Pech
    Hogyoku
    Goonswarm Federation
    #74 - 2016-02-21 05:03:52 UTC
    Estella Osoka wrote:
    Four pages of this nonsensical BS because the OP doesn't know how a free market economy works?


    Well...Poland. They haven't had it long.

    "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

    8 Golden Rules for EVE Online

    Lugh Crow-Slave
    #75 - 2016-02-21 19:17:18 UTC
    This isn't am issue of you pay for the game your playing.



    As some one who makes most of his isk buying and selling isk on the market I would have to be against this


    Also manipulating the market for a profit is not that easy at best toy can just push it where is already leaning to try and exaggerat the condition is already in the reason prices keep rising is ccp keeps adding uses for plex and that drives the demand up and up
    Teckos Pech
    Hogyoku
    Goonswarm Federation
    #76 - 2016-02-21 22:17:12 UTC
    Lugh Crow-Slave wrote:
    This isn't am issue of you pay for the game your playing.



    As some one who makes most of his isk buying and selling isk on the market I would have to be against this


    Also manipulating the market for a profit is not that easy at best toy can just push it where is already leaning to try and exaggerat the condition is already in the reason prices keep rising is ccp keeps adding uses for plex and that drives the demand up and up


    As I noted on page 2 I have yet to see a good strategy for manipulating the market. Nobody has put one forward. Nobody.

    Lets walk through the Bravo Sierra narrative those who argue for manipulation most likely have in mind....

    1. You start buying up PLEX thereby driving up the price.
    2. You then...sell...the PLEX...which drives the price back down and...make...oh dear...nothing or possibly even a loss.

    The idea here is just stupid. Stupid beyond belief. People who think this would work should go stand in the corner embarrassed.

    If you are going to put forward a market manipulation argument based on vast amounts of ISK in game...shut up. Sit down and rethink. That is the absolutely wrong way to do it.

    That approach is called "cornering the market" and that tends to have a rather dubious history. People who have tried it usually end up worse off afterwards...because they cannot unwind their paper gains faster than the price of whatever item they are trying to drive up...goes down. Further, there is nothing to stop some dude who wants to say...buy a character or SP injectors to buy 30 PLEX and dump them on the market driving the price down. And if momentum traders jump in and also start selling you could be seriously screwed.

    P.S. None of that was directed at you Lugh, just taking your point about market manipulation and showing why it is not as easy an one thinks.

    "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

    8 Golden Rules for EVE Online

    Bumblefck
    Kerensky Initiatives
    #77 - 2016-02-21 22:25:28 UTC  |  Edited by: Bumblefck
    Danica Princip wrote:
    Hairpins Blueprint wrote:



    This will massibley reduce the amount of PLEX on the market, right?

    Therefore reducing supply, while doing nothing about demand.

    Therefore jacking the price HIGHER...



    No it will massibley increase the amount of PLEX on the market. because people will stop hoarding it. and will stop the price manipulation.



    Coincidence?


    I think not!


    Lol

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