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Understandable - thanks!

Inquiring minds want to know how you determine the "real value" of an item.

There were non-monetary gains to be made that can never be revoked

Wow... frickin' goon... you actually have a really good attitude about this game.

It's in the blog. There's the current cost you pay for an item and there's the rolling average of the item's value. LP gain was tied to the long term average cost which is calculated by us. By causing disparity in the two values, whether on purpose or if it happens naturally, you can be in a position where you can print LP (corrected :)) by just buying things and shooting yourself.

The destruction of items to harvest LP is the main issue here. The manipulation of the average cost in and of itself is not at this point in time considered problematic. It's merely how much that can be used to amplify the damage caused by the destruction.

this kind of market/LP payout/whatever anomalies should have been detected by CCP long before anyone admited the exploit.

this was basically a best case scenario, a small group of people creates an exceptional LP payout anomaly. If something changes by factor 1000 repeatedly every light should blink at the monitoring tools.

you are monitoring FW, aren't you?

I hope when you guys do the redesign, using it as a matter convertor is still possible. I felt it was the most interesting part of this mechanic in the long run. It will provide some creative ways to run manips on item prices as well as create artificial scarcity for items if you are willing to put ISK behind it.

If you think permageddon is bad, wait until you see what we can do with a matter converter.

This was unironically a better market correction tool than anything else CCP has tried.

By the way, if I were you I might fix the ibis price (141k last I checked). I can't think of a way to abuse it (it's too big to blow up lots of them) but given it's free, once someone does boy will it be hilarious.

(I wasn't ever going to use that no matter what was or was not kosher because given it's free im pretty sure i would wind up banned :v:)

You are already mixing concepts of value.

You really want to tell me that the cost at which you have acquired an item determines its "real" value but in the same breath you tell me that the rolling average of past successful trades is a measure of value.
What if I propose that the highest buy order is the true measure of value as that's the only dependable measure of how much other people value this item right now?

Anyways, I think your answer is a weak cop-out (in the best case a sign of your own confusion).

I think you should re-examine if you truly think that value is determined by any price because I suspect that you don't (because no matter which price you choose, it can always be manipulated - and you seem to assume that a "real value" which cannot be manipulated exists).

So tell me about your idea of market-independent value and I will probably tear it to pieces - after all there are good reasons for basically everyone (except for some neo-Marxists) giving up on (objective) value as a concept that exists independent of price at some point in the early 20th century.

edit: and no, I'm not splitting hairs. "Value" and "utility" are the concepts which form the very basis for most economic thought - yet my general impression is that an amazing number of people base their arguments off some modified labor theory of value and a cardinal concept of utility (both of which have obvious shortcomings and are prone to logical inconsistencies).