These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

Market Discussions

 
  • Topic is locked indefinitely.
 

CCP PLEX intervention
Author
Previous Topic Next Topic
DarthNefarius
Minmatar Heavy Industries
#1 - 2013-01-16 18:27:58 UTC  |  Edited by: DarthNefarius
CSM notes page 106 wrote:

Dr.EyjoG also provided CSM with a report on PLEX intervention(s) made by the EVE Central Bank since the last CSM Summit. The major intervention was related to a PLEX price spike triggered by a large FW payout, and PLEX prices have remained stable since that time. The CSM was satisfied that the ECB had acted appropriately and in line with the procedures previously described. Dr.EyjoG noted that he hopes to have a devblog out in January that discusses this topic in more detail.


Was this the first the CSM heard about it? I thought the information about the PLEX interventions were to come out much much sooner. Want to bet this is why the W nerf occured 1 month before it was originally planed on the Winter Expansion day?
An' then Chicken@little.com, he come scramblin outta the    Terminal room screaming "The system's crashing! The system's    crashing!" -Uncle RAMus, 'Tales for Cyberpsychotic Children'
Candy Oshea
Techfree Investment Group
#2 - 2013-01-17 03:20:18 UTC
DarthNefarius wrote:
CSM notes page 106 wrote:

Dr.EyjoG also provided CSM with a report on PLEX intervention(s) made by the EVE Central Bank since the last CSM Summit. The major intervention was related to a PLEX price spike triggered by a large FW payout, and PLEX prices have remained stable since that time. The CSM was satisfied that the ECB had acted appropriately and in line with the procedures previously described. Dr.EyjoG noted that he hopes to have a devblog out in January that discusses this topic in more detail.


Was this the first the CSM heard about it? I thought the information about the PLEX interventions were to come out much much sooner. Want to bet this is why the W nerf occured 1 month before it was originally planed on the Winter Expansion day?


Why does it matter when they received the report that it happened, in the same paragraph you quoted :

Quote:
The CSM was satisfied that the ECB had acted appropriately and in line with the procedures previously described.


Implying prior Knowledge of the adjustments.

What is there to even discuss?

iCandy  - I have accidently swallowed some Scrabble tiles, my next shit could spell disaster!
OkaskiKali
Aussie Carebear OverLords
#3 - 2013-01-17 11:14:19 UTC
DarthNefarius wrote:
CSM notes page 106 wrote:

Dr.EyjoG also provided CSM with a report on PLEX intervention(s) made by the EVE Central Bank since the last CSM Summit. The major intervention was related to a PLEX price spike triggered by a large FW payout, and PLEX prices have remained stable since that time. The CSM was satisfied that the ECB had acted appropriately and in line with the procedures previously described. Dr.EyjoG noted that he hopes to have a devblog out in January that discusses this topic in more detail.


Was this the first the CSM heard about it? I thought the information about the PLEX interventions were to come out much much sooner. Want to bet this is why the W nerf occured 1 month before it was originally planed on the Winter Expansion day?



Shocked - since when did the English Cricket Board play eve? Shocked
Rengerel en Distel
#4 - 2013-01-17 17:09:34 UTC
I was a bit surprised by that too, as i thought they said they would report it to the player base whenever they got involved in the market. I guess they did report it, but thought they meant they would report it at the time.

With the increase in shiptoasting, the Report timer needs to be shortened.
Isabelle Dmitri
Serotonine Developments
#5 - 2013-01-17 19:16:36 UTC
Interesting thread...
Ave Kathrina
My Ass Is On Fire
#6 - 2013-01-18 01:42:47 UTC
As uninformed as it might sound, I was never aware that CCP got involved in the player driven market....

Did they act to lower the price or raise the price ?
I've done some really stupid shit in this game.
mynnna
State War Academy
Caldari State
#7 - 2013-01-18 03:25:19 UTC
Ave Kathrina wrote:
As uninformed as it might sound, I was never aware that CCP got involved in the player driven market....

Did they act to lower the price or raise the price ?


The implication is lower.

Member of the Goonswarm Economic Warfare Cabal
DarthNefarius
Minmatar Heavy Industries
#8 - 2013-01-18 06:01:52 UTC  |  Edited by: DarthNefarius
Candy Oshea wrote:


Quote:
The CSM was satisfied that the ECB had acted appropriately and in line with the procedures previously described.


Implying prior Knowledge of the adjustments.

What is there to even discuss?


Incorrect there is no a priori implication there is just an agreement with procedures previously described
the summit appears to have been the first time this was revealed as written that action had been taken.

Now TBH I think that the intervention should have had a lid kept on it even to the CSM for a week or 2 but I assume ( I may be wrong ) that this action took place a month & a half before the summit which I was under the impression was longer then discussed in the summer minutes.

mynnna wrote:
Ave Kathrina wrote:
As uninformed as it might sound, I was never aware that CCP got involved in the player driven market....

Did they act to lower the price or raise the price ?


The implication is lower.


Definitely agree. An attempt to increase the ISK values of PLEX could be a death nail for EVE unless Dust has an unanticipated extreme deflationary effect
An' then Chicken@little.com, he come scramblin outta the    Terminal room screaming "The system's crashing! The system's    crashing!" -Uncle RAMus, 'Tales for Cyberpsychotic Children'
RomeStar
Caldari Provisions
Caldari State
#9 - 2013-01-18 21:33:48 UTC
Evidence of CCP manipulating the player driven market in order to increase plex prices so more players cant afford it which results in more paid subs thus you will have a mass exodus of players in eve and the eventual death of CCP.


nuff said

Signatured removed, CCP Phantom
Rengerel en Distel
#10 - 2013-01-18 22:17:30 UTC
RomeStar wrote:
Evidence of CCP manipulating the player driven market in order to increase plex prices so more players cant afford it which results in more paid subs thus you will have a mass exodus of players in eve and the eventual death of CCP.


nuff said


Wut?

With the increase in shiptoasting, the Report timer needs to be shortened.
StarReign
#11 - 2013-01-19 05:44:42 UTC
wut?

if im not wrong plex equate one month paid gametime (at a slightly higher price) in which case it would be CCP's best interest to sell as many as they can regardless of whether the plex price would crash because RL money > virtual game money.

RomeStar wrote:
Evidence of CCP manipulating the player driven market in order to increase plex prices so more players cant afford it which results in more paid subs thus you will have a mass exodus of players in eve and the eventual death of CCP.


nuff said
DarthNefarius
Minmatar Heavy Industries
#12 - 2013-01-19 05:55:39 UTC  |  Edited by: DarthNefarius
StarReign wrote:
wut?

if im not wrong plex equate one month paid gametime (at a slightly higher price) in which case it would be CCP's best interest to sell as many as they can regardless of whether the plex price would crash because RL money > virtual game money.

RomeStar wrote:
Evidence of CCP manipulating the player driven market in order to increase plex prices so more players cant afford it which results in more paid subs thus you will have a mass exodus of players in eve and the eventual death of CCP.


nuff said




Furthermore the injection of these confiscated PLEX actually is taking money away from CCP's coffers in the form of free time being given away. I think here Dr E is looking out for the best interests of the economy... the amount of time passed from this intervention though I think was a bit too delayed and didn't bring enough light to the reason for it: The intervention was needed due to a bad payout mechanic ( LP store ISK reductions ) which should never be done again. 
An' then Chicken@little.com, he come scramblin outta the    Terminal room screaming "The system's crashing! The system's    crashing!" -Uncle RAMus, 'Tales for Cyberpsychotic Children'
Rebecca Cairn
Imperial Corrections Service.
#13 - 2013-01-19 12:31:31 UTC
Is it free time if someone had to pay already to put those confiscated plex in game?
Bob Killan
Dzark Asylum
#14 - 2013-01-19 12:49:57 UTC
Rebecca Cairn wrote:
Is it free time if someone had to pay already to put those confiscated plex in game?


Of course its free. Time the plex's were permanently removed from Eve due to RMT activities. Therefore readding them to the game is adding time to people accounts with no extra money going to CCP. If they were left on the deleted accounts people would be paying ccp for extra plax's to enter the game
Rebecca Cairn
Imperial Corrections Service.
#15 - 2013-01-19 13:09:51 UTC
The game time was already paid for... it's better if they remove isk. (probably not for them)
Dimitryy
Silent Knights.
LinkNet
#16 - 2013-01-21 01:23:06 UTC
RomeStar wrote:
Evidence of CCP manipulating the player driven market in order to increase plex prices so more players cant afford it which results in more paid subs thus you will have a mass exodus of players in eve and the eventual death of CCP.


nuff said


Your posting reminds me of this guy http://24.media.tumblr.com/tumblr_mavqx72Tew1rg0c3ao1_500.jpg


Also, space politics in MD.
Rebecca Cairn
Imperial Corrections Service.
#17 - 2013-01-21 02:50:37 UTC
I applaud CCP for not just writing these future liabilities off and forcing the player base to pay higher PLEX prices because rmters choose to store/move their isk this way.