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Goons 4x4ing through the Sandbox - Market Manipulation on a Grand Scale

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Alexzandvar Douglass
Motiveless Malignity
Deepwater Hooligans
#61 - 2012-06-21 17:11:07 UTC
To bad you can't take money baths in EVE.
Xeross155
Sebiestor Tribe
Minmatar Republic
#62 - 2012-06-21 17:12:05 UTC
Ituhata Saken wrote:
Dearest Market-Interested Space Tycoons,


At downtime today we made an adjustment to the average price of some items in order to curb a situation whereby the average price of an item could be manipulated in order to create a disparity between the value of an item in Isk and its value in Loyalty Point payouts. There will be additional changes in how this system works in the future. We will be monitoring for attempted manipulation of the LP market and will reverse any proceeds deemed to have been obtained through manipulative means. We are watching you. Don’t be That Guy.


Everything was already said and done by the time this adjustment was made.
Jade Constantine
Jericho Fraction
The Star Fraction
#63 - 2012-06-21 17:12:31 UTC
The Slayer wrote:
Jade Constantine wrote:

Posting in a thread where goons helped me make 8.7b isk last saturday for 4 hours play.

(they really ruined my sandbox)



Hey Jade.

http://i.imgur.com/dtMk4.png

<3



Seriously though I usually don't like you guys (leadership anyway) this kind of thing is clever use of the mechanics and seeing an opportunity and well, congrats tbh. If you can make the game work for you like this then fair enough.

The True Knowledge is that nothing matters that does not matter to you, might does make right and power makes freedom
corestwo
Goonfleet Investment Banking
#64 - 2012-06-21 17:12:49 UTC
Skye Aurorae wrote:
I'm glad to hear that this wasn't some magic exploit, no isk was created from thin air, this money came from other people.

Really this is taking lots of isk being injected into the economy by ratters and mission runners and storing it up safely in the wallets of individuals who clearly understand the Eve economy and have a vested interest in keeping it healthy.


We actually did Eve a favor and sunk quite a lot of isk from the economy! After all, most LP store items cost 1000 isk/LP to buy, and lets not forget all the broker fees involved!

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo
Rek Esket
Sebiestor Tribe
Minmatar Republic
#65 - 2012-06-21 17:12:52 UTC
Xeross155 wrote:
Ituhata Saken wrote:
Dearest Market-Interested Space Tycoons,


At downtime today we made an adjustment to the average price of some items in order to curb a situation whereby the average price of an item could be manipulated in order to create a disparity between the value of an item in Isk and its value in Loyalty Point payouts. There will be additional changes in how this system works in the future. We will be monitoring for attempted manipulation of the LP market and will reverse any proceeds deemed to have been obtained through manipulative means. We are watching you. Don’t be That Guy.


Everything was already said and done by the time this adjustment was made.


And was only discovered because the people doing it alerted CCP of its existence and asked it to be fixed.
SamGromoff
Goonbine Honnete Ober Advancer Mercantiles
Goonswarm Federation
#66 - 2012-06-21 17:13:11 UTC
Ugh not nearly enough tears where are the deranged ban all goons posts dammit
Weaselior
GoonWaffe
Goonswarm Federation
#67 - 2012-06-21 17:13:15 UTC
Skye Aurorae wrote:
I'm glad to hear that this wasn't some magic exploit, no isk was created from thin air, this money came from other people.

Really this is taking lots of isk being injected into the economy by ratters and mission runners and storing it up safely in the wallets of individuals who clearly understand the Eve economy and have a vested interest in keeping it healthy.

actually tremendous amounts of isk were also flushed down the toilet buying stuff in the lp store as well

Head of the Goonswarm Economic Warfare Cabal Pubbie Management and Exploitation Division.
Ituhata Saken
Killboard Padding Services
#68 - 2012-06-21 17:13:15 UTC
Xeross155 wrote:
Ituhata Saken wrote:
Dearest Market-Interested Space Tycoons,


At downtime today we made an adjustment to the average price of some items in order to curb a situation whereby the average price of an item could be manipulated in order to create a disparity between the value of an item in Isk and its value in Loyalty Point payouts. There will be additional changes in how this system works in the future. We will be monitoring for attempted manipulation of the LP market and will reverse any proceeds deemed to have been obtained through manipulative means. We are watching you. Don’t be That Guy.


Everything was already said and done by the time this adjustment was made.


Understood.

Quote:
and will reverse any proceeds deemed to have been obtained through manipulative means


is still relevant. Smile

So close...
Miss Yanumano
Cadence Industrial Syndicate
#69 - 2012-06-21 17:13:52 UTC
Oh boy, I sure am going to stack up on Republic Fleet warp disruptors now, thank you Goons! Brilliant display!
Xeross155
Sebiestor Tribe
Minmatar Republic
#70 - 2012-06-21 17:13:53 UTC
Rek Esket wrote:
Xeross155 wrote:
Ituhata Saken wrote:
Dearest Market-Interested Space Tycoons,


At downtime today we made an adjustment to the average price of some items in order to curb a situation whereby the average price of an item could be manipulated in order to create a disparity between the value of an item in Isk and its value in Loyalty Point payouts. There will be additional changes in how this system works in the future. We will be monitoring for attempted manipulation of the LP market and will reverse any proceeds deemed to have been obtained through manipulative means. We are watching you. Don’t be That Guy.


Everything was already said and done by the time this adjustment was made.


And was only discovered because the people doing it alerted CCP of its existence and asked it to be fixed.

Well they did CCP a favour and got a royal reward in return
La Nariz
Aliastra
Gallente Federation
#71 - 2012-06-21 17:14:12 UTC
SamGromoff wrote:
Ugh not nearly enough tears where are the deranged ban all goons posts dammit


They ran out to buy tinfoil first. There's a 2 for 1 at walmart.

This post was loving crafted by a member of the Official GoonWaffe recruitment team. Improve the forums, support this idea: https://forums.eveonline.com/default.aspx?g=posts&find=unread&t=345133
Jade Constantine
Jericho Fraction
The Star Fraction
#72 - 2012-06-21 17:14:17 UTC
Dyllyn wrote:
Jade Constantine wrote:

Posting in a thread where goons helped me make 8.7b isk last saturday for 4 hours play.

(they really ruined my sandbox)



Perhaps you missed the bit where they made sum of ISK greater than the value of every titan in the game put together.




I really didn't and I don't mind much either :)
Like I said, it was pretty clever.

The True Knowledge is that nothing matters that does not matter to you, might does make right and power makes freedom
Blawrf McTaggart
Imperial Academy
Amarr Empire
#73 - 2012-06-21 17:14:19 UTC
Kyle Myr wrote:
Blawrf McTaggart wrote:
Jade Constantine wrote:

Posting in a thread where goons helped me make 8.7b isk last saturday for 4 hours play.

(they really ruined my sandbox)




QUICK QUICK GOONS DID SOMETHING MUST MAKE UP A RANDOM NUMBER TO BOAST ABOUT PROFIT THEY GAVE ME

UHM

8 BILLION, NO, TOO LOW

9 BILLION, NO, TOO HIGH

OH DEAR WHAT DO I DOOOOOOOO


It's unseemly, man, as one of GSF's hardest working members, to have claimed to have earned this. I know that for the jobs you do, you pull in literal pennies comparatively.


i don't know why i bother anymore
Blawrf McTaggart
Imperial Academy
Amarr Empire
#74 - 2012-06-21 17:14:30 UTC
if you give me 5 mins i'll change blawrf's face to sad
Alexzandvar Douglass
Motiveless Malignity
Deepwater Hooligans
#75 - 2012-06-21 17:14:32 UTC
Xeross155
Sebiestor Tribe
Minmatar Republic
#76 - 2012-06-21 17:14:52 UTC
La Nariz wrote:
SamGromoff wrote:
Ugh not nearly enough tears where are the deranged ban all goons posts dammit


They ran out to buy tinfoil first. There's a 2 for 1 at walmart.

Don't we hold a monopoly on that nowadays?
killorbekilled TBE
The Scope
Gallente Federation
#77 - 2012-06-21 17:15:22 UTC
i visited the forums today and all i got was this lousy wall of text

:)
CCP Sreegs
CCP Retirement Home
#78 - 2012-06-21 17:16:02 UTC
Ituhata Saken wrote:
Dearest Market-Interested Space Tycoons,


At downtime today we made an adjustment to the average price of some items in order to curb a situation whereby the average price of an item could be manipulated in order to create a disparity between the value of an item in Isk and its value in Loyalty Point payouts. There will be additional changes in how this system works in the future. We will be monitoring for attempted manipulation of the LP market and will reverse any proceeds deemed to have been obtained through manipulative means. We are watching you. Don’t be That Guy.



By way of explanation we addressed the manipulation issue but haven't yet completed the investigation into the scope of the abuse. Once that happens I'm pretty sure some people are going to be a bit less smug about the money they made that one time when there was a bank error in their favor and then lost again when the bank fixed the glitch.

"Sreegs has juuust edged out Soundwave as my favourite dev." - Meita Way 2012
La Nariz
Aliastra
Gallente Federation
#79 - 2012-06-21 17:16:28 UTC  |  Edited by: La Nariz
Xeross155 wrote:
La Nariz wrote:
SamGromoff wrote:
Ugh not nearly enough tears where are the deranged ban all goons posts dammit


They ran out to buy tinfoil first. There's a 2 for 1 at walmart.

Don't we hold a monopoly on that nowadays?


I know I invested in it.

They should be seeing an increase in share price soon.

http://www.bloomberg.com/quote/NVL:US

This post was loving crafted by a member of the Official GoonWaffe recruitment team. Improve the forums, support this idea: https://forums.eveonline.com/default.aspx?g=posts&find=unread&t=345133
Fuujin
GoonWaffe
Goonswarm Federation
#80 - 2012-06-21 17:16:32 UTC
killorbekilled TBE wrote:
i visited the forums today and all i got was this lousy wall of text


And that's why you don't have 1T isk.