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how is it possible?

Author
chowdan Orlenard
The Scope
Gallente Federation
#1 - 2012-06-30 19:53:08 UTC
Hey guys,

I read articles about scams like this one and always wonder how is it possiblr to convert plex to real money? I mean sure you can buy plex for real money from ccp, but is it possible to transfer plex back to ccp for money? Like the dude in the arti le has enough isk to buy 2500 or so 30 day plex passes which can add up to something like 50k worth of real money. But its not worth that much if you can turn plex bacj to real money.

Anyone shed light on my reasoning?

http://i.massively.joystiq.com/2011/08/12/biggest-eve-online-scam-ever-recorded-nets-over-a-trillion-isk/
clamslayer
Doomheim
#2 - 2012-06-30 20:00:02 UTC
simply converted isk into plex to put a dollar value on what was taken in the scam. you can not legally convert isk into real life currency, however people do sell/buy isk.
chowdan Orlenard
The Scope
Gallente Federation
#3 - 2012-06-30 20:03:54 UTC
clamslayer wrote:
simply converted isk into plex to put a dollar value on what was taken in the scam. you can not legally convert isk into real life currency, however people do sell/buy isk.



That make sense, but its pretty worthless then? is it even possible to convert plex into RLM? I see all these websites with "buy plex" "Buy ISK" but never bought frmo them. Dont plan on it just really curious and sorta fascinated how it works.

How would that person actually gain the 50k or so that he's worth? or is it just not possible?
Raavanan
Viziam
Amarr Empire
#4 - 2012-06-30 20:31:11 UTC
The total isk involved in the scam is mentioned in RL cash value using the 30 day plexus just to show the magnitude of the scam. It is for the shock value and doesn't equate to reality.

Simply put, a plex costs about $15 for 30 days. Thats about 450 mil isk. The sites selling isk for cash will do it for less than that, say 10$ or so. Obviously they will be paying even lesser than that if they are buying isk from you. I doubt that since they can easily run a few botter accounts and earn that without paying you.

What i mean is the reports about the RL cash value of those scams are just theoretical. He can never sell it for the same value as the plex.

And i guess that CCP might be keeping an eye on chars with insane isk reserves..
corestwo
Goonfleet Investment Banking
#5 - 2012-06-30 20:33:58 UTC
Gaming media sites just make the assumption that if you were selling, you could sell at the reverse rate of a plex, and then use that number. It's a means of giving people who don't play eve a sense of magnitude, nothing more.

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

fofofo

Steve Ronuken
Fuzzwork Enterprises
Vote Steve Ronuken for CSM
#6 - 2012-06-30 20:58:55 UTC
Selling any in game asset, for RL money, is against the EULA and will get you banned from Eve. And by the looks of things, they're getting /good/ at detecting it. Take a look at some of the dev blogs by CCP Sreegs to see what I mean.

Just thought it was important enough to mention again.

As everyone is saying, that headline is just what someone would have had to pay, to buy those plex for RL money from CCP.

Woo! CSM XI!

Fuzzwork Enterprises

Twitter: @fuzzysteve on Twitter

chowdan Orlenard
The Scope
Gallente Federation
#7 - 2012-06-30 21:04:36 UTC
Steve Ronuken wrote:
Selling any in game asset, for RL money, is against the EULA and will get you banned from Eve. And by the looks of things, they're getting /good/ at detecting it. Take a look at some of the dev blogs by CCP Sreegs to see what I mean.

Just thought it was important enough to mention again.

As everyone is saying, that headline is just what someone would have had to pay, to buy those plex for RL money from CCP.




That makes total sense. Just thought i remember hearing about someone doing it because they needed to pay for child doctors bills or something. CAn't remember the reason nor can i find the article that it stated which is why i thought i'd bring it up. BUT i have no plans on doing this. The game economy fascinates me and i just try to learn about everything as much as possible.
clamslayer
Doomheim
#8 - 2012-06-30 21:14:22 UTC  |  Edited by: clamslayer
chowdan Orlenard wrote:
Steve Ronuken wrote:
Selling any in game asset, for RL money, is against the EULA and will get you banned from Eve. And by the looks of things, they're getting /good/ at detecting it. Take a look at some of the dev blogs by CCP Sreegs to see what I mean.

Just thought it was important enough to mention again.

As everyone is saying, that headline is just what someone would have had to pay, to buy those plex for RL money from CCP.




That makes total sense. Just thought i remember hearing about someone doing it because they needed to pay for child doctors bills or something. CAn't remember the reason nor can i find the article that it stated which is why i thought i'd bring it up. BUT i have no plans on doing this. The game economy fascinates me and i just try to learn about everything as much as possible.


i know of the article you mentioned, there is a market for in game currency, but its not legal, and if caught by ccp the isk is seized and your account is banned. Seeing how I'm making approximately 400-500 million an hour trading i wish i could sell the isk, then i could in some way justify my time spent playing this game.
Vaerah Vain
#9 - 2012-07-01 04:02:23 UTC
clamslayer wrote:

i know of the article you mentioned, there is a market for in game currency, but its not legal, and if caught by ccp the isk is seized and your account is banned. Seeing how I'm making approximately 400-500 million an hour trading i wish i could sell the isk, then i could in some way justify my time spent playing this game.


There are many ways to justify time spent on a hobby and they are not necessarily based upon making money.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#10 - 2012-07-01 06:10:07 UTC
There is no way I could convert my isk, be it what I scammed with T4U or what I've made from other ventures, for the dollar sum that the news sites claim. It's the same as when the media prints a story about a massive drug seizure and quote the "street value" of the drugs, which is generally many times more than the actual value of the drugs taken, because it makes for more impressive news.

I've never attempted to convert my isk pile illegally. When CCP give me legimitate ways to do it, like subbing my accounts with PLEX (I have a lot of accounts) or buying GFX cards for PLEX then I take advantage of it. If CCP were to offer me £s on the PLEX to convert my in-game wealth to RL currency then I'd probably take advantage of that too, but I don't know if they would ever offer such a deal and I'm unsure of what the impact of such a thing would be on the game.

Vaerah Vain wrote:
There are many ways to justify time spent on a hobby and they are not necessarily based upon making money.
It's a game, and it's best you play it for fun. There are easier ways to make money.
Vera Algaert
Republic University
Minmatar Republic
#11 - 2012-07-01 07:48:44 UTC  |  Edited by: Vera Algaert
(1) you won't get anywhere near the $20/PLEX CCP charges you.

(2) the other party will probably recognize that you are an amateur and will (rightfully) not expect repeat business from you. you will be in a hurry to get rid off all the isk before the banhammer hits which will force you to take risks (ideally you'd want to split the amount into several transactions, wait for money transfers to have fully cleared before sending the next batch of ISK etc).

(3) Ricdic claims that he did successfully RMT 330b, so maybe (2) is a little pessimistic.

.

malaire
#12 - 2012-07-01 08:26:01 UTC  |  Edited by: malaire
There are few legal ways to get "RL value" out of ISK, most common being just buying PLEX with ISK and using it to pay for your account. Maybe even get several if you have a lot of ISK. And help your friends by paying their accounts also. Big smile

You can also buy tickets to yearly fanfest with PLEX (but you need to pay at least airplane tickets and hotel with real money. I might actually go there if I could use PLEX to pay for everything.)

And earlier this year CCP did small test by selling graphics cards with PLEX (shipping included). There was only 100 cards and they were sold in less than 2 minutes. Shocked There has been no information whether CCP will repeat this some day.


But getting 50,000$ worth out of ISK will be quite impossible. Unless you plan on playing EVE for 200+ years, or you have a lot of friends in which case each can have small benefit from free accounts.

EDIT: And I forgot: CCP allows players to sell EVE related services for ISK. So you could get e.g. website for your character/corporation with ISK.

But you will never get real cash from ISK. Not legally anyway.

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