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Value of ISK back in 2005
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fugazii
Slippery Penguin
#21 - 2013-01-14 18:46:42 UTC
Anya Ohaya wrote:
Prices were higher in 2005 for most goods than they were in 2012. (source: official dev blog).

Higher prices : money is worth less.

(People have very short memories, while prices have been rising for the last year or two, for most of the game's history they have been falling).

The Plex market is something else again. You can't put a real world dollar value on ISK since most of us can't convert our billions directly into dollars. The rise in plex prices probably has more to do with a fall in plex supply than anything else.



Here's the catch though. Prices were higher on t2 items as at the time much of the market was carteled by the bpo holders. Coupled with the fact that many players simply did not have the skill pool to make use of t2 mods, nor the isk backing to pay for 120m cov op cloaks(ect) and not all t2 mods had been seeded, pushed many players to use meta items. Which drove those prices up as 0.0 simply was not very populated. On the flip side though, npc seeded bpo items sold for far less. So you were paying alot less for ships and t1 mods were commonly used.

To the dude saying buying/fitting a bs was equal to the same for a carrier now in 05. Early/mid 04' maybe it was still something of a big deal, but that was kinda thrown out the window on the Great Northern War started(mid 04 I believe) when Phoenix Alliance and BoB were fielding for the first time ever 100+ bs fleets regularly.
Durrr
Polaris Rising
Goonswarm Federation
#22 - 2013-01-15 00:02:33 UTC
Salpad wrote:
Hi

I read a claim, somewhere, that the 30 billion ISK stolen by the Guiding Hand Social Club, back in 2005, was the equivalent of 16.5 thousand dollars.

That sounds quite wrong. But how wrong is it actually? How much was ISK worth, in terms of dollars, back in 2005? I'm sure it was a lot more than now, but was ISK once so scarce as to make the 1.8 million ISK-per-dollar claim true?

As best I can calculate it, at places like Shattered Crystal you pay $35 and get 2xPLEX, which sells for something like 1.1 bilion ISK. Unless I've made a mistake, that comes to 31 million ISK-per-dollar.

So were ISK worth 17 times as much back in 2005 as they are now, here in early 2013?


While module prices, especially tech 2 and faction/deadspace have come way down, 30 day gtc have gone up. When I started the game in early 2006 a 30-day gtc (roughly equivalent to a plex, as they did not exist back then) was about 100M ISK.
Toku Jiang
Jiang Laboratories and Discovery
#23 - 2013-01-15 15:41:59 UTC
Durrr wrote:
Salpad wrote:
Hi

I read a claim, somewhere, that the 30 billion ISK stolen by the Guiding Hand Social Club, back in 2005, was the equivalent of 16.5 thousand dollars.

That sounds quite wrong. But how wrong is it actually? How much was ISK worth, in terms of dollars, back in 2005? I'm sure it was a lot more than now, but was ISK once so scarce as to make the 1.8 million ISK-per-dollar claim true?

As best I can calculate it, at places like Shattered Crystal you pay $35 and get 2xPLEX, which sells for something like 1.1 bilion ISK. Unless I've made a mistake, that comes to 31 million ISK-per-dollar.

So were ISK worth 17 times as much back in 2005 as they are now, here in early 2013?


While module prices, especially tech 2 and faction/deadspace have come way down, 30 day gtc have gone up. When I started the game in early 2006 a 30-day gtc (roughly equivalent to a plex, as they did not exist back then) was about 100M ISK.


That price of 100m-150m isk is correct fall circa 2006. If you convert GTC isk value to real money then isk is not worth near as much as it used to be. If you take 150 m isk for 30 days of GT then and now its around 550 m isk for 30 days, with the value of a 60 day GTC being $35.00 US then the value of isk has dropped from 8.57 million isk per dollar to 31.42 million isk per dollar. So I would say that isk was worth about 4-5 times as much in 2005 as it does now in relation to real $.
Nerdy McButtHurt Trald
Doomheim
#24 - 2013-01-15 16:08:57 UTC
We do have 1 data point.

When Ricdic ran off with EBANK funds, he sold about 250B ISK for about $5,000. That amount was in the press and he confirmed it to make some RL payments with the stolen ISK.


That was in 08 or 09 (I can't remember).


I would have to assume selling larger amounts to the purchasers gets less $/B ISK.
Minister Man
Brutor Tribe
Minmatar Republic
#25 - 2013-01-15 18:17:08 UTC
In 2006 I used to buy 90/100 GTC for 240-270m, I remember having a much more difficult time coming up with that isk in 3 months than I do finding 560+m now in one month.

So 240m for 3 mths vs 560m for 1 mth. Puts the value of isk about 7 times what it was 6 years ago.
More than 100% inflation per year over 6 years for game time purchased with in game currency.
Towaoc
Applied Technologies Inc
Agents of Fortune
#26 - 2013-01-17 00:21:14 UTC
Salpad wrote:
Hi

I read a claim, somewhere, that the 30 billion ISK stolen by the Guiding Hand Social Club, back in 2005, was the equivalent of 16.5 thousand dollars.

That sounds quite wrong. But how wrong is it actually? How much was ISK worth, in terms of dollars, back in 2005? I'm sure it was a lot more than now, but was ISK once so scarce as to make the 1.8 million ISK-per-dollar claim true?

As best I can calculate it, at places like Shattered Crystal you pay $35 and get 2xPLEX, which sells for something like 1.1 bilion ISK. Unless I've made a mistake, that comes to 31 million ISK-per-dollar.

So were ISK worth 17 times as much back in 2005 as they are now, here in early 2013?


I remember chuckling at the outrageous ISK prices back in the early days, so I pulled out my old game journals from the day to see if I had made any notes on this. RMT for ISK, though in violation of the EULA, appears to have peaked at around $2.00 per 1 million ISK back in early 2004. Back then, before such transactions were cracked down on, one could go to ebay (and many other places) and find dozens of pages of listings of ISK for sale, as well as a virtual RMT character bazaar. So I'd guess that the 2005 claim is pretty accurate. ISK had probably fallen to that value by then.

Not among the most highly regarded elements of the game's history, but interesting nonetheless. Fortunately, the CCP team fairly quickly recognized the activity and began taking aggressive steps to curtail it.
Claire Voyant
#27 - 2013-01-17 01:53:23 UTC  |  Edited by: Claire Voyant
Minister Man wrote:
So 240m for 3 mths vs 560m for 1 mth. Puts the value of isk about 7 times what it was 6 years ago.
More than 100% inflation per year over 6 years for game time purchased with in game currency.

100% inflation would mean it doubled every year, or by a factor of 64 in 6 years.

700% in 6 years is more like 38% per year. (1.38^6 = 6.9)

Edit: A huge chunk of that "inflation" occurred when they switched from GTC to PLEX so part of that increase might just be that PLEX is just a more useful and widely accepted currency than GTC. Also 90 day GTCs were always underpriced and I think smart sellers would stick to 30 day cards to avoid taking the 90 day hit, although I always loved buying the 90 days while that lasted.
StarReign
#28 - 2013-01-17 02:13:16 UTC  |  Edited by: StarReign
i recall back in 08,09.the price of a one month gtc(plex) cost about 100mil to 150 mil.

earning 25mil/hr back then was considered awesome.

until ccp broke eve with hi sec PVE RollRollRoll

in the past in order to make great sums of isk one either had to take the risk by venturing into null or engage in high economics PVP.now all u need to do is fit up a PVE ship and press a couple of buttons now and then and watch ur wallet blink.
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