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I would buy a PLEX if I could sell it for 2 billion ISK. How about you?

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Author
Eurydia Vespasian
Storm Hunters
#21 - 2013-05-20 00:51:18 UTC
i don't buy or use plex at this time. i'm perfectly comfortable just having my sub taken out automatically from an account.. one thing that i find weird about plex is that...my sub is $15 and a plex is $20. what's that about? pay more...for the same amount of time?

additionally, i don't like having to worry about making enough isk to plex my account. if i want to play a different game there is no pressure on me to have to play eve so i can make sure the account is paid for.

if i have an alt on the same account in the near future well, i could see myself purchasing plex for it to train as i want when i want. but as it stands currently i'm fine with paying for mine with rl money. i waste far more than $15 a month on frivolous crap as it is to worry about the cost of my sub lol
Destiny Corrupted
Deadly Viper Kitten Mitten Sewing Company
Senpai's Afterschool Anime and Gaming Club
#22 - 2013-05-20 01:47:53 UTC
Corey Fumimasa wrote:
Destiny Corrupted wrote:
The real question is what that 2 billion could buy you in the game if PLEXes cost that much. The price of a PLEX coincides pretty well with about two hours of minimum wage work in most first-world nations, and also coincides with about two-three hours of grinding the most profitable activities in the game (high-sec incursions, wormhole sleepers, null anomalies).

You'll never really be able to shift this equation. So, does it matter how much a PLEX actually costs in-game?


CCP can do whatever they want with the price of PLEX. If they wanted to give more value to a PLEX they could just include a T3 cruiser with every one. If they wanted to lower the ISK price for PLEX they would just have to start seeding them here and there.

In the first case the price of all items in game would start to come down as inventory went up due to these PLEX items. So PLEX would be worth even more ISK and would take longer to grind for players buying them with in game currency.

In the second case the ISK price for PLEX would go down as supply went up.

CCP has never done this, but it wouldn't be difficult if they decided to.

My price of 2 bil is based on the point in time that I would like to see positive cash flow from a PLEX investment. Also just the value I currently place on in game goods. The idea of comparing RL work time to in game ISK grind time wasn't part of my breakdown.

Actually, the PLEX is almost a completely inelastic good. It's usually bought on a just-in-time basis, and the price isn't a factor for people who wouldn't otherwise pay cash subs anyway. They either afford the PLEX, or don't play.

If CCP bundles other crap with PLEXes without raising their cash price, the price of PLEXes would probably go down due to the much-increased supply. In fact it would probably go down to the point where the value of the PLEX and the value of its bundled items would together be equivalent to the value of a PLEX today. People would be buying more PLEXes from CCP due to the bundled stuff until the price reaches equilibrium.

If CCP seeds PLEXes, then the price would indeed go down, as long as CCP prices them aggressively. Since this would create a pretty big ISK sink, it would have a double effect: first because of CCP selling PLEXes for less ISK, and second because this would cause deflation, pushing all prices down.

But in either case I think that $15 charged by CCP would be equivalent to about 2-3 hours of high-end pve in-game. If CCP releases incursions 2.0 tomorrow and you can suck 500 million an hour from them, you can bet your ass that PLEXes would be pushing 2 billion within two weeks. Everything else would rise in price accordingly.

I wrote some true EVE stories! And no, they're not of the generic "my 0.0 alliance had lots of 0.0 fleets and took a lot of 0.0 space" sort. Check them out here:

https://truestories.eveonline.com/users/2074-destiny-corrupted

Cipher Jones
The Thomas Edwards Taco Tuesday All Stars
#23 - 2013-05-20 03:35:41 UTC
It doesn't matter WHAT your job is, if its more fun than playing Eve go play your job instead. WTF are you playing Eve for if work is so all that?

If its not more fun than playing Eve then use Eve to finance itself. The exception to is any scenario where you have more money than free time, your job isn't fun, and you play Eve to have fun. Then selling PLEX is a great idea.

I'm not trying to hear the "you can afford it argument". That's each individual capsulers demon to bear, not yours. You don't get to make RL decisions for other players, period.

And that's why the system works so well, there are many scenarios out there to keep both sides of buying/selling PLEX alive and well.

internet spaceships

are serious business sir.

and don't forget it

Alexander McKeon
Perkone
Caldari State
#24 - 2013-05-20 04:53:19 UTC
I actually did the math on this once, and I figured that if I'm earning 300m ISK / hour by webbing & painting little red crosses for the dreads to kill, it's actually a tad better than what I get IRL, so I very definitely fund my accounts with PLEX.
Aston Martin DB5
Deaths Consortium
Pandemic Horde
#25 - 2013-05-20 05:33:04 UTC
lulz, is this a thread endorsing plex? To me, plex is a complete joke and reveals the lack of content the game provides to players. If you need to buy plex to jump start something in a so called "sandbox" there are serious flaws to the game.

Then again the heart and sole for trade is Jita and ironically the local chat reinforces EVE's central theme: Scam
Austin McLaren
Sebiestor Tribe
Minmatar Republic
#26 - 2013-05-20 05:48:07 UTC
I agree with Plex, I believe without it EvE wouldn't be how we know it today, the ones who hate to grind can fund ship losses (keeping them playing EvE) and the players who can't afford to sub are able to play.

I also believe that Plex are undervalued, the pve population easily grind a Plex a week without working excessively hard I don't think 800-1000m would be to much.
My opinion is the miners strangle Plex from reaching its true value.
Corey Fumimasa
CFM Salvage
#27 - 2013-05-20 06:48:51 UTC
Destiny Corrupted wrote:

Actually, the PLEX is almost a completely inelastic good. It's usually bought on a just-in-time basis, and the price isn't a factor for people who wouldn't otherwise pay cash subs anyway. They either afford the PLEX, or don't play.

If CCP bundles other crap with PLEXes without raising their cash price, the price of PLEXes would probably go down due to the much-increased supply. In fact it would probably go down to the point where the value of the PLEX and the value of its bundled items would together be equivalent to the value of a PLEX today. People would be buying more PLEXes from CCP due to the bundled stuff until the price reaches equilibrium.
....
But in either case I think that $15 charged by CCP would be equivalent to about 2-3 hours of high-end pve in-game. If CCP releases incursions 2.0 tomorrow and you can suck 500 million an hour from them, you can bet your ass that PLEXes would be pushing 2 billion within two weeks. Everything else would rise in price accordingly.


Fair point about the increased number of PLEX caused by gifting additional items. There's nothing to stop CCP from buying the excess back off of the market themselves though. And because the PLEX already came with a bunch of value they only need to buy back enough to get the ISK price to its old level of 500 mil adjusted.

Then they just have to sink that ISK out of the system somewhere. A new tax on minerals or just a decrease in bounties.

Eve's economy is pretty similar to the real world, the only difference being that they have far more ability to control it than the central reserve.
Destiny Corrupted
Deadly Viper Kitten Mitten Sewing Company
Senpai's Afterschool Anime and Gaming Club
#28 - 2013-05-20 06:58:17 UTC
Corey Fumimasa wrote:
There's nothing to stop CCP from buying the excess back off of the market themselves though. And because the PLEX already came with a bunch of value they only need to buy back enough to get the ISK price to its old level of 500 mil adjusted.

If CCP did this and someone found out, it would be the biggest gaming shitstorm since the release of Superman 64.

I wrote some true EVE stories! And no, they're not of the generic "my 0.0 alliance had lots of 0.0 fleets and took a lot of 0.0 space" sort. Check them out here:

https://truestories.eveonline.com/users/2074-destiny-corrupted

Liafcipe9000
Critically Preposterous
#29 - 2013-05-20 07:05:24 UTC
*reading the title*
I'd boot some head. you?
Corey Fumimasa
CFM Salvage
#30 - 2013-05-20 07:09:02 UTC
Destiny Corrupted wrote:
Corey Fumimasa wrote:
There's nothing to stop CCP from buying the excess back off of the market themselves though. And because the PLEX already came with a bunch of value they only need to buy back enough to get the ISK price to its old level of 500 mil adjusted.

If CCP did this and someone found out, it would be the biggest gaming shitstorm since the release of Superman 64.


They manipulate the economy all the time. The moon goo consortium was too restrictive so they implemented alchemy. Drone goo was problematic so they removed it. Mining wasn't turning enough so they increased the efficiency of mining barges. CCP has complete control over the Eve economy and they use that control all the time.

Why would there be a "shitstorm" over PLEX buyback?
Destiny Corrupted
Deadly Viper Kitten Mitten Sewing Company
Senpai's Afterschool Anime and Gaming Club
#31 - 2013-05-20 07:20:50 UTC  |  Edited by: Destiny Corrupted
Because they'd be injecting money into the economy without anyone spending time to actually make it. It's the very definition of "pay to win" because you're literally buying "win" from the developers.

Now I'm not saying that CCP doesn't already do this, or that they might not do it in the future. I'm just saying that if they did it, and we found out, the community would not respond kindly.

Oh, and on top of that, it would mean that they're basically grabbing money. The purchased PLEXes were intended for players, so now more PLEXes would need to be bought, or game time instead, in order to satisfy subscription needs. It would mean CCP is literally printing dollas for itself without providing goods or services. This would probably be illegal.

I wrote some true EVE stories! And no, they're not of the generic "my 0.0 alliance had lots of 0.0 fleets and took a lot of 0.0 space" sort. Check them out here:

https://truestories.eveonline.com/users/2074-destiny-corrupted

Corey Fumimasa
CFM Salvage
#32 - 2013-05-20 08:00:31 UTC
Destiny Corrupted wrote:
Because they'd be injecting money into the economy without anyone spending time to actually make it. It's the very definition of "pay to win" because you're literally buying "win" from the developers.

Now I'm not saying that CCP doesn't already do this, or that they might not do it in the future. I'm just saying that if they did it, and we found out, the community would not respond kindly.

Oh, and on top of that, it would mean that they're basically grabbing money. The purchased PLEXes were intended for players, so now more PLEXes would need to be bought, or game time instead, in order to satisfy subscription needs. It would mean CCP is literally printing dollas for itself without providing goods or services. This would probably be illegal.



CCP is a business, they can charge whatever people will pay. Its not illegal! There's nothing in the EULA or the description of PLEX saying that they are intended for players, its just a way to get real world money into the game, like tokens or coins on other games. They can do whatever they want with PLEX.

I guess what it would come down to is that the players PLEXing their accounts to play would have to play a little bit longer to grind enough isk to purchase a PLEX.
Ottersmacker
Genos Occidere
TRUTH. HONOUR. LIGHT.
#33 - 2013-05-20 08:14:54 UTC  |  Edited by: Ottersmacker
Destiny Corrupted wrote:
gold wins wars, not soldiers

then how come Robert is king?

i just locked an open door.. strange, yet symbolically compelling.

Destiny Corrupted
Deadly Viper Kitten Mitten Sewing Company
Senpai's Afterschool Anime and Gaming Club
#34 - 2013-05-20 08:18:42 UTC
They'd be selling ISK for money. Considering how they advertise their game as having a "fully player-driven economy," one could potentially make a case out of the [fact] that they're not delivering on their promise. Shaky legal ground, sure, but the possibility is there depending on how good the lawyers are. They could, of course, simply change the game's description, and then they'd be fully covered.

Either way, it probably wouldn't matter, since they'd lose tens of thousands of customers when word of this got out. It would be quite a bit worse than Monoclegate.

I wrote some true EVE stories! And no, they're not of the generic "my 0.0 alliance had lots of 0.0 fleets and took a lot of 0.0 space" sort. Check them out here:

https://truestories.eveonline.com/users/2074-destiny-corrupted

Danni stark
#35 - 2013-05-20 08:57:02 UTC
Ottersmacker wrote:
Destiny Corrupted wrote:
It's the very definition of "pay to win" because you're literally buying "win" from the developers.

then how come Robert is king?

because jamie accidentally the mad king.
IHaveCandyGetInTheVan69
Crouching Woman Hidden Cucumber
#36 - 2013-05-20 09:10:20 UTC
Corey Fumimasa wrote:

The time factor fool.
Also, your name is disgusting.


Right, Glad to see you fully understood everything we both wrote and made a rational response.
Thanks!


I think a lot of people make wrong assumptions about who is buying PLEX for ISK and the minimum wage comparison. Sure most activities in Eve would pay less than minimum wage but do bear in mind for a lot of people 500m/account/month is a trivial sum of ISK.

Considering how many ways there are to passively return 2% a month you only need 25bn per account invested somewhere to pay the subscription, things like research would mean fueling a POS once a month and maybe flipping some science jobs. Even loans from MD will pay 2%. Of course many people earn much more than 2%.

I'm sure there are plenty of players who spend hours farming missions to pay ISK for plex, which is fine as long as they enjoy it, but for many people its an easy way to save 1/2/3X £10(?) per month without much hassle.
Corey Fumimasa
CFM Salvage
#37 - 2013-05-20 11:10:55 UTC
Destiny Corrupted wrote:
They'd be selling ISK for money. Considering how they advertise their game as having a "fully player-driven economy," one could potentially make a case out of the [fact] that they're not delivering on their promise. Shaky legal ground, sure, but the possibility is there depending on how good the lawyers are. They could, of course, simply change the game's description, and then they'd be fully covered.

Either way, it probably wouldn't matter, since they'd lose tens of thousands of customers when word of this got out. It would be quite a bit worse than Monoclegate.


"Shaky legal ground" !?1? No one is going to sue CCP for offering in game goods for money. Player driven economy does not mean unregulated economy, and it sure as hell doesn't affect the ways in which CCP chooses to monetize its service.

They wouldn't lose tens of thousands of customers, they would probably pick up a few; people who have wanted to try Eve out but just don't have time for the grind.

CCP directly subsidizing PLEX is no different than the current system from the standpoint of individual players and "pay to win models." You want a little edge in game then you have the option to buy a PLEX or 20 and redeem them for in game items. And for the people with excess ISK they could still PLEX their accounts for whatever value CCP decided to set the price of PLEX at.

It would require a greater sink somewhere along the line. But if they give out gift packages instead of ISK then they don't even need to sink it, the players will get it destroyed eventually anyway.
Skorpynekomimi
#38 - 2013-05-20 11:38:25 UTC
Generally, I don't spend real money on virtual things.

It's like buying music off itunes; one change of policy, one infraction, and it's gone forever and so's your money. Besides, RL money is only provided through my own effort. ISK is acquired through a purely electronic process that I actually enjoy messing with. If I need more ISK, I can just put more effort in to make it. If I need more RL money, that means putting in overtime shifts and waiting a month or more for the return.

As for CCP manipulating PLEX? Unlikely. It'd be much more likely to be that every time the PLEX price shoots up, people stop spending ISK on it, speculators release stockpiles, and the market goes back down. No different from any other market item.

Economic PVP

Destiny Corrupted
Deadly Viper Kitten Mitten Sewing Company
Senpai's Afterschool Anime and Gaming Club
#39 - 2013-05-20 11:39:41 UTC  |  Edited by: Destiny Corrupted
I'll let someone else respond to that because I'm way too courteous for the language required in order to do so.

(@Corey)

I wrote some true EVE stories! And no, they're not of the generic "my 0.0 alliance had lots of 0.0 fleets and took a lot of 0.0 space" sort. Check them out here:

https://truestories.eveonline.com/users/2074-destiny-corrupted

Josef Djugashvilis
#40 - 2013-05-20 12:04:51 UTC
No.

This is not a signature.