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This is the best way of stopping the inflation.

Author
Johnny Frecko
Federal Navy Academy
Gallente Federation
#21 - 2012-04-23 11:45:19 UTC
first of all to the OP. LOL.

now, that being said.

Inflation isn't a money supply problem, It can derive from money supply, but it can also come from increase in AD(Aggregated demand), if AD grows faster than LAS(long-term aggregated supply) you can get into a situation similar to where we are at right now, where the supply can't catch up with demand, and prices inevetibly rise.

That being said, you can add to that LAS decreasing due to the removal of bots(and the fact no one was mining, as it wasn't viable, that's a long term shift in skillpoints from miners to other aspects), the market will take time to get the skillpoints back into mining.

On a further note, No one is "pushing" anyone, anywhere.
If it's your choice earning the least amount of money in the game, go rat in highsec.
No one is stopping you.
On the other hand, If someone increases the benefits of mining, more people will go mine, and that's simple logic.

People demand a sandbox game yet demand a fence around it.
What's the meaning of change of you're limiting it's effect from step 1?


CCP doesn't need "balls" to get involved in the mineral market.
They don't need to get involved at all, Let the market heal itself.
if all you can afford to fly a catalyst, Let there be massive catalysts fights.
Maybe new players will be able to participate now and not get stuck with a 1 year training list that's a "must" for the battleships to be effective.

Johnny
Katarina Reid
Deep Core Mining Inc.
Caldari State
#22 - 2012-04-23 12:19:38 UTC
I like miners making good isk but if it takes 2 or 3 hours to grind for a t1 BC wouldnt u just quit? Increasing the minerals you get from refining ore or using that new mining mod that gives high yeiid in 0.0 is a fix. Until we see the effect over a few months then you dont know how much to fix it. Just unsub or pve for a few months.
Prophet Avater
Imperium Technologies
Sigma Grindset
#23 - 2012-04-23 12:53:35 UTC  |  Edited by: Prophet Avater
Inflation is caused by a few things, a few of them are high demand, speculation and market manipulation, for example since Crucible due to the high demand for tier 3 Battlecruisers the mineral mexallon has increased in value a considerable amount.
When crucible came out most of the tier 3's where quite expensive selling at around 70m but they all drop to 50m and are not at 80m.

On monthly basis the eve economy grows at 24 trillion, for inflation to be tackled from money supply point the game needs more taxes and npc sinks.
Scrapyard Bob
EVE University
Ivy League
#24 - 2012-04-23 13:39:27 UTC
Dave stark wrote:

well, that certainly isn't the case with trit. when i checked a few days ago it was double what it was about 6 months ago. if other minerals are increasing by 20% per week (which is about 2.6% per day), then mineral yield needs balancing rather than a flat out doubling of all minerals.


Here's a hint - mineral prices will not rise unchecked for much longer.

Right now, a hulk w/ orca boosts in hi-sec can pull in about 35M ISK of ore per hour. Which is about what a good mission runner can make per hour. Since the mission runner's income is relatively fixed (bounties and mission rewards are fixed), there's more and more incentive for players to stop missioning and switch to mining as a way to earn income.

Realistically, hi-sec mineral prices will settle back down to 180 ISK/m3 by July (maybe 150). Null-sec ores will probably end up around 500 ISK/m3 (maybe 400-450). Which is about 20% lower then today's ore values.
Malcanis
Vanishing Point.
The Initiative.
#25 - 2012-04-23 14:02:53 UTC
Why should we stop the inflation?

"Just remember later that I warned against any change to jump ranges or fatigue. You earned whats coming."

Grath Telkin, 11.10.2016

Skydell
Bad Girl Posse
#26 - 2012-04-23 15:00:49 UTC
Soon your wallet will force you to reduce your dps and blobs will grow.

Working as intended.
Barakach
Caldari Provisions
Caldari State
#27 - 2012-04-23 15:40:10 UTC  |  Edited by: Barakach
Slavemaster wrote:
enterprisePSI wrote:
But the minerals that they mine, are free. Multiplying free with two gives.........?


... So many minerals that nobody knows what to do. In short there are so much minerals around that its close to worthless.

Then... The Problem is solved.



Exactly. The problem would be fixed for about 1-2 weeks, at which point the market becomes flooded and you're right back to where you were.

Inflation isn't caused by supply vs demand, it's caused by ISK faucets vs ISK dumps

Actually, a doubling of mineral supply would cause MORE inflation as it would not stem the amount of ISK entering the system, while driving down prices. The ratio of excess money to demand would be even worse.
Johnny Frecko
Federal Navy Academy
Gallente Federation
#28 - 2012-04-23 18:06:27 UTC
Barakach wrote:

Inflation isn't caused by supply vs demand, it's caused by ISK faucets vs ISK dumps



Sorry mate but that's a wrong statement.

inflation can be caused by supply and demand, Right now we're seeing a mixture of the two.
Also, we should start calling this dog by it's name, It's not inflation, It's a price increase.

johnny
Jack Parr
Kzinti Hegemony
#29 - 2012-04-23 18:07:48 UTC
Slavemaster wrote:
Liberty Eternal wrote:
Slavemaster wrote:


hehe, even here the rage will go high... I quit post of the injustice of the worthless stacks of minerals many
of the "bingo" players have here.




What does that mean in English?


Try to figure it out with your limited brain. If you cant because your intuition and logical reasoning is that of a ******,
then ask your dad or your guardian.


I'm curious too. What does that mean? I asked my dad, but he told me to ask my mother. And she sat me down and helped me out. We printed your post. I then got out my favorite crayon and she told me to cross out the prepositional phrases and this is what I came up with:

hehe, even here the rage will go high... I quit post many have here.

I still don't understand what you were saying. I even drew a house and a tree on the page, but I still couldn't understand. My mom said I should come back here and ask you politely if you would explain it again for me. And that I should thank you for helping me.

Thanks.

"The best argument against democracy is a five-minute conversation with the average goon."      - The Mittani

Blobber NL
Deep Core Mining Inc.
Caldari State
#30 - 2012-04-23 18:12:57 UTC
just do missioning etc like a madman to make iskies, (and a bit of mining) and over about 6 months when the prices are low agian its pvp time whit a stockpile of ISK ^^
Slavemaster
ICC - Information Control Corporation
#31 - 2012-04-24 07:48:57 UTC  |  Edited by: Slavemaster
Jack Parr wrote:
Slavemaster wrote:
Liberty Eternal wrote:
Slavemaster wrote:


hehe, even here the rage will go high... I quit post of the injustice of the worthless stacks of minerals many
of the "bingo" players have here.




What does that mean in English?


Try to figure it out with your limited brain. If you cant because your intuition and logical reasoning is that of a ******,
then ask your dad or your guardian.


I'm curious too. What does that mean? I asked my dad, but he told me to ask my mother. And she sat me down and helped me out. We printed your post. I then got out my favorite crayon and she told me to cross out the prepositional phrases and this is what I came up with:

hehe, even here the rage will go high... I quit post many have here.

I still don't understand what you were saying. I even drew a house and a tree on the page, but I still couldn't understand. My mom said I should come back here and ask you politely if you would explain it again for me. And that I should thank you for helping me.

Thanks.



Ah.. I was on a lot of drugs when i wrote that, painkillers. (Its true :D Back problem)

- But, the Bingo player is a one who stack item x for x number of days and calls it trade , the fancy Bingo players calls it marked speculation. So... What I was trying to say in my bliss is the comments from the bingo boys will be in "rage" and comment here, if CCP change it.

But, on topic: Its not that easy to mine, when belts go empty fast. and they are getting ganked while doing it. CCP always talk about risk vs Isk. The welfare program of the mission runners is risk free, and can be nerfed. The miners can
get more minerals or faster re spawn rate of the roids.

Plex the is the real money in Eve is still at the same level. So, there are no Inflation is eve, its a huge price increase in minerals and it can easy be fixed. I dont see any problem in that the miners get more isk, or more minerals if you like.

Oo

Johnny Frecko
Federal Navy Academy
Gallente Federation
#32 - 2012-04-24 12:19:07 UTC
There is no inflation in eve, only a price rise?

erm, what's the difference exactly?

inflation by definition is an increase in prices.
Barakach
Caldari Provisions
Caldari State
#33 - 2012-04-24 12:26:00 UTC  |  Edited by: Barakach
Johnny Frecko wrote:
Barakach wrote:

Inflation isn't caused by supply vs demand, it's caused by ISK faucets vs ISK dumps



Sorry mate but that's a wrong statement.

inflation can be caused by supply and demand, Right now we're seeing a mixture of the two.
Also, we should start calling this dog by it's name, It's not inflation, It's a price increase.

johnny


Inflation isn't a price increase, it's the reduced value of money.

Wiki: "there is no overall agreement about the exact mechanism and relationship between price inflation and monetary inflation"

Not the same at all, but correlated.

What you're seeing is temporary inflation, aka bubble. You don't make game changes based on temporary manipulation.


edit: I guess "inflation" could mean either price or monetary, but the only one we care about is monetary as price inflation is typically short term in Eve and monetary is a long running problem.

In Eve, one might even say price inflation is spikey, having large inflationary periods followed by large deflationary period. This is because monetary inflation has allowed a small minority to accumulate a relatively vast amount of wealth, which allows them to manipulate the market.
Scrapyard Bob
EVE University
Ivy League
#34 - 2012-04-24 13:02:27 UTC
Barakach wrote:

What you're seeing is temporary inflation, aka bubble. You don't make game changes based on temporary manipulation.


That's the most important bit - when things go out of whack in a system like EVE, especially since speculation is a big part of it, you sit tight for at least 2-3 months and wait and see how the market reacts. Sure, you prepare a few plan B/C/D options, but you don't implement them right away.

Minerals are one big bubble at the moment, due to the removal of drone loot, the reduction in minerals coming in from meta-zero drops, plus the speculation that happens every time a Hulkageddon kicks off. And that bubble is probably not going to burst until June 1st at the earliest and it may take until July before we know the long-term effects of the drone loot change.
Tauranon
Weeesearch
CAStabouts
#35 - 2012-04-24 13:13:52 UTC
With bots gone, and players hunting afk miners, its highly likely that the time/value equation will equalise altogether. That is the way it is in virtually any other game for non rare items.

ie out of whack is very much a perspective issue - and since its still possible to earn a hurricane an hour mission running in highsec and its still not possible to mine 1 in an hour, I'd say its still out of whack in the way its always been out of whack.
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