These forums have been archived and are now read-only.

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

Player Features and Ideas Discussion

 
  • Topic is locked indefinitely.
 

Gold and the stockmarket.

Author
Hobogear
Imperial Academy
Amarr Empire
#1 - 2011-10-28 22:20:27 UTC
I would love for these items to be in the game finally. The were orginally pitched as part of the future of eve. Just wondering if anyone had any ideas how to implement them.

I think a total removal of shares would have to happen of coarse, but after that i think it could be worked out. It would be a cool feature if it could be put in game effectively.

Gold and other metals could be used in the game for something. Rare mineral finds maybe. Hell they dont even have to do anything but make them rare.
Wot I Think
Doomheim
#2 - 2011-10-28 22:33:49 UTC
Gold should be used for ammo.
Jita Alt666
#3 - 2011-10-28 22:35:50 UTC  |  Edited by: Jita Alt666
Gold in Eve is called PLEX

edit: that is completely wrong. Plex prices rise when confidence rises and fall when confidence falls - the inverse of gold. Plex are the equivalent of Oil.
Adunh Slavy
#4 - 2011-10-28 22:54:27 UTC
Would like to see both, but not sure how "gold" is going to do anything. It needs to have some functional use or it is worthless. If there is just some item out there called "gold", well, who cares? There's all sorts of odd little bits around Eve that are not useful for anything. Prices move up and down sometimes but often not based on anything but the greater fool theory.

In a curious way, though not entirely due to the rate of monetary expansion, ISK is the gold, if we're looking for a real world equivalent. In-game ISK is technically a debt free commodity based money. It is the commodity with the highest degree of salability, Absatzfahigkeit (saleablness) as Menger puts it in the work "On the Origins of Money", 1892. It is a unit of account, it is divisible and uniform. These are also features of gold and other precious metals.

Now if NPC corps would accept this "gold" as a form of payment for repairs, or rentals, or something like that, and the increase of the supply was slow and gradual, but widespread enough for adoption by everyone, then it may start to fill the role. But it will compete directly with ISK in that regard. Perhaps if it could be used with NPCs for services, and its supply was absolutely fixed, and NPCs had a way to cycle the supply back out, and there was a method where by inactive accounts did not lead to "gold sinks", then perhaps we'd have something.

If your goal is a store of value for the long hold to guard against ISK inflation ... learn to trade on long positions.

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt

Jita Alt666
#5 - 2011-10-28 22:58:23 UTC
Adunh Slavy wrote:
Would like to see both, but not sure how "gold" is going to do anything. It needs to have some functional use or it is worthless. If there is just some item out there called "gold", well, who cares? There's all sorts of odd little bits around Eve that are not useful for anything. Prices move up and down sometimes but often not based on anything but the greater fool theory.

In a curious way, though not entirely due to the rate of monetary expansion, ISK is the gold, if we're looking for a real world equivalent. In-game ISK is technically a debt free commodity based money. It is the commodity with the highest degree of salability, Absatzfahigkeit (saleablness) as Menger puts it in the work "On the Origins of Money", 1892. It is a unit of account, it is divisible and uniform. These are also features of gold and other precious metals.

Now if NPC corps would accept this "gold" as a form of payment for repairs, or rentals, or something like that, and the increase of the supply was slow and gradual, but widespread enough for adoption by everyone, then it may start to fill the role. But it will compete directly with ISK in that regard. Perhaps if it could be used with NPCs for services, and its supply was absolutely fixed, and NPCs had a way to cycle the supply back out, and there was a method where by inactive accounts did not lead to "gold sinks", then perhaps we'd have something.

If your goal is a store of value for the long hold to guard against ISK inflation ... learn to trade on long positions.


Isk is not tangible. It is more akin to a RL currency such as the Yen
Adunh Slavy
#6 - 2011-10-28 23:05:29 UTC
Jita Alt666 wrote:

Isk is not tangible. It is more akin to a RL currency such as the Yen



Do not confuse Role Play Lore with technical reality.

Eve Lore states that ISK is a fiat currency, so what? To get ISK in the game, we have to go out and expend labor to get it, time and effort - this is labor. ISK represents this labor, and importantly, labor done in the past.

Yen is a fiat debt based money, it represents labor in the future. They are quite different.

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt

Motog Suffin
North Snow Reactions
#7 - 2011-10-28 23:08:44 UTC
I always thought that trit was gold, just with a different name. I mean look at the picture, it sort of looks like gold.

Plus it always amused me to think of the most common mineral in the EvE universe is one of the rarest on our little backwater portion of the real universe.
Hobogear
Imperial Academy
Amarr Empire
#8 - 2011-10-28 23:37:14 UTC
Adunh Slavy wrote:
Would like to see both, but not sure how "gold" is going to do anything. It needs to have some functional use or it is worthless. If there is just some item out there called "gold", well, who cares? There's all sorts of odd little bits around Eve that are not useful for anything. Prices move up and down sometimes but often not based on anything but the greater fool theory.

In a curious way, though not entirely due to the rate of monetary expansion, ISK is the gold, if we're looking for a real world equivalent. In-game ISK is technically a debt free commodity based money. It is the commodity with the highest degree of salability, Absatzfahigkeit (saleablness) as Menger puts it in the work "On the Origins of Money", 1892. It is a unit of account, it is divisible and uniform. These are also features of gold and other precious metals.

Now if NPC corps would accept this "gold" as a form of payment for repairs, or rentals, or something like that, and the increase of the supply was slow and gradual, but widespread enough for adoption by everyone, then it may start to fill the role. But it will compete directly with ISK in that regard. Perhaps if it could be used with NPCs for services, and its supply was absolutely fixed, and NPCs had a way to cycle the supply back out, and there was a method where by inactive accounts did not lead to "gold sinks", then perhaps we'd have something.

If your goal is a store of value for the long hold to guard against ISK inflation ... learn to trade on long positions.



well in rl gold is gold and isk is currency. gold is used as a hedge against inflation. i am sure with the smart people within ccp and in the eve community this could be worked out. make it a very rare items that are found in mining and rare drops. i am sure there could be a use for it other than just currency but if they are very rare it could be cool.
Richard Hammond II
Doomheim
#9 - 2011-10-28 23:39:53 UTC
Adunh Slavy wrote:
Jita Alt666 wrote:

Isk is not tangible. It is more akin to a RL currency such as the Yen



Do not confuse Role Play Lore with technical reality.

Eve Lore states that ISK is a fiat currency, so what? To get ISK in the game, we have to go out and expend labor to get it, time and effort - this is labor. ISK represents this labor, and importantly, labor done in the past.

Yen is a fiat debt based money, it represents labor in the future. They are quite different.


I thought a fiat was a car

Goons; infiltration at its best - first bob... now ccp itself. They dont realize you guys dot take this as "just a game". Bring it down guys, we're rooting for you.

Amro One
One.
#10 - 2011-10-28 23:43:16 UTC
Do not say the word GOLD and EVE togather.

All the WoT player will instantly think Pay-to-win and unsub their accounts.

BARBIE WANTS THE DRESS IN MARKET
Adunh Slavy
#11 - 2011-10-28 23:57:30 UTC
Richard Hammond II wrote:

I thought a fiat was a car



Fix it again tony

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt

Adunh Slavy
#12 - 2011-10-29 00:13:02 UTC
Hobogear wrote:


well in rl gold is gold and isk is currency. gold is used as a hedge against inflation. i am sure with the smart people within ccp and in the eve community this could be worked out. make it a very rare items that are found in mining and rare drops. i am sure there could be a use for it other than just currency but if they are very rare it could be cool.


I am not against having gold or a gold equivalent in Eve, I was simply trying to point out that ISK, as a commodity money, behaves, and has attributes, very much the same as gold once did in the real world.

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt

Steve Ronuken
Fuzzwork Enterprises
Vote Steve Ronuken for CSM
#13 - 2011-10-30 16:01:51 UTC
Something that might be interesting, would be instead of being able to move currency electronically, between regions/empires/other block, you had to physically move it.

Or some kind of taxation on an electronic move that you didn't get on the physical. Course, with the physical, you can have it blown up. Makes some isk actually destroyable (or capturable. I'd suggest some kind of fence mechanism to take it. so you lose a chunk of the value.)

Woo! CSM XI!

Fuzzwork Enterprises

Twitter: @fuzzysteve on Twitter

Koronakesh
Seekers of a Silent Paradise
#14 - 2011-10-30 16:07:53 UTC
Gold was introduced this summer....

SASPR Amir al-Mu'minin

Morganta
The Greater Goon
#15 - 2011-10-30 16:59:39 UTC  |  Edited by: Morganta
gold is not rare in the universe, just on earth (and not that rare, we just can't get at it easily).

frankly gold is a fairly useless metal in terms of high tech society, I'm sure something else has better conductive and non-corrosive properties in the space age and in terms of anything else, gold is just too soft.

perhaps if we could mine for diamonds....
I Accidentally YourShip
Republic University
Minmatar Republic
#16 - 2011-10-30 17:27:17 UTC
This will not fly, gold is wanted in real life (along with other precious metals) as it is for decoration, is a status symbol, etc and so forth due to deeply rooted cultural forces. This would not apply to gold or other precious metals that do nothing other than look pretty to the majority, you can see that in other games that have gold or platinum as a currency. The vast majority of WoW players only want gold to get things like enchantments to improve their gear so they get more lewts. The purples are the status symbol, based on cultural pressure in game.

You cannot just artificially introduce something that functions in the same manner as gold, the cultural pressure to desire it has to be there first. if the desire is there, then it will be valuable.
Richard Hammond II
Doomheim
#17 - 2011-10-30 19:36:57 UTC
Adunh Slavy wrote:
Richard Hammond II wrote:

I thought a fiat was a car



Fix it again tony


Ah like the Sword of the Stars 2 launch lol... If you wanna see a company WORSE than CCP, check out that trainwreck

Goons; infiltration at its best - first bob... now ccp itself. They dont realize you guys dot take this as "just a game". Bring it down guys, we're rooting for you.

Nariya Kentaya
Ministry of War
Amarr Empire
#18 - 2011-10-30 22:03:55 UTC
Adunh Slavy wrote:
Hobogear wrote:


well in rl gold is gold and isk is currency. gold is used as a hedge against inflation. i am sure with the smart people within ccp and in the eve community this could be worked out. make it a very rare items that are found in mining and rare drops. i am sure there could be a use for it other than just currency but if they are very rare it could be cool.


I am not against having gold or a gold equivalent in Eve, I was simply trying to point out that ISK, as a commodity money, behaves, and has attributes, very much the same as gold once did in the real world.

exactly, it ONCE did, current RL economy, adn by assumption, the future economy in EvE, is entirely faith based.

faitha s in, you have faith that those numbers in that computer at the bank will be worth the same proportianately to bannanas as they were yesterday, else you will be able to buy les banannas for the same amount. in fact, in RL currency is almost pointless, as it has to true value with nothing backing it other then the government's word and its comparative availabilty within the economic system compared tot he international economic situation of the owning country.

inf act, having NO TANGIBLE money is a good thing, using pennies as an example, it costs (in the US) almost 3 cents to make a single penny, so you exend 3 pennies to generate 1, meaning the government only gets a 30% return on the currency it printed, and those 3 pennies go into the economy, making the availability of pennies in the economy slightly higher, while the government becomes poorer, cause a doubling effect of value reduction in the currency. this is true with all currency printed by any country.

in short, isk is good, gold is bad.

any economists want to correct me on any of this? im rpetty sure im getting most of it right.
Nariya Kentaya
Ministry of War
Amarr Empire
#19 - 2011-10-30 22:06:48 UTC
Morganta wrote:
gold is not rare in the universe, just on earth (and not that rare, we just can't get at it easily).

frankly gold is a fairly useless metal in terms of high tech society, I'm sure something else has better conductive and non-corrosive properties in the space age and in terms of anything else, gold is just too soft.

perhaps if we could mine for diamonds....

actually, gold and platinum (platinum being like a bajillion times rare and almost proportianately more useful in the same use) are liek the holy minerals of electronics, being conductive enough to allow the functioning of chips adn circuit boards, without the use of gold and platinum the technological age would crumble. the fact that gold IS SOFT is the whole reason it is good for electronics, meaning the more a society depends on mass-use of electronics, the more liekly they will value gold or similar metals (such as platinum)
Quark Valhala
Republic Military School
Minmatar Republic
#20 - 2011-10-30 22:24:45 UTC
Gold should be used to make shinny canes.

No srsly should be used for print boards like in real life.