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Is CCP artificially increasing the PLEX price? (don't lock)

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Creamdream
Whatever Brah
#41 - 2014-07-08 10:29:34 UTC
80% of comments are trolls, couldn't expect anything else I guess. To those who provided more constructive views, thanks for that. Note that I have no objection whatsoever to CCP making money. In fact, I would like them to do so as it will keep the game we all enjoy, running. T

That said, there is equally nothing wrong with admitting that it is extremely unlikely that CCP does not stimulate PLEX inflation. It is in their interest to do so.


The way I see it, is that CCP essentially has the same tools available as in a real economy. A PLEX is analoguos to a bond. The central bank (CCP) can use quantitative easing (buying up PLEX) to reduce the supply of PLEX on the market which will increase the prices. Now the bond (PLEX) will be worth more (in terms of ISK) which will increase the value of PLEX when measured in another currency (i.e. Euro or Dollar). Hence, the demand for Euro/Dollar-purchased PLEX will increase which will enhance CCP's profits.
Debora Tsung
Perkone
Caldari State
#42 - 2014-07-08 10:34:15 UTC
Creamdream wrote:
Truth is always obstructed by those in power. Dont lock. Discuss.

You have no idea where those plexes you buy for ISK come from, do you?

Stupidity should be a bannable offense.

Fighting back is more fun than not.

Sticky: AFK Cloaking Thread It's not pretty, but it's there.
Ralph King-Griffin
New Eden Tech Support
#43 - 2014-07-08 10:35:22 UTC  |  Edited by: Ralph King-Griffin
or, plex is analogous to gold.
in this case, no tinfoil hat required (still fashionable though).

Debora Tsung wrote:
Creamdream wrote:
Truth is always obstructed by those in power. Dont lock. Discuss.

You have no idea where those plexes you buy for ISK come from, do you?

I don't think he does

Murderers of Negotiable Motivations

=]|[=
Quinn Corvez
Perkone
Caldari State
#44 - 2014-07-08 10:38:51 UTC
CCP don't need to buy the plex up, they simply release new ships skins (no intrinsic value) or wait for a world disaster (which people donate plex to) and the rest takes care of itself. Pirate
Ralph King-Griffin
New Eden Tech Support
#45 - 2014-07-08 10:43:26 UTC
Quinn Corvez wrote:
or wait for a world disaster (which people donate plex to) and the rest takes care of itself. Pirate

Shockedor create one themselves!

I like this hat, i think it suits me.

Murderers of Negotiable Motivations

=]|[=
Debora Tsung
Perkone
Caldari State
#46 - 2014-07-08 10:44:51 UTC  |  Edited by: Debora Tsung
Ralph King-Griffin wrote:
Quinn Corvez wrote:
or wait for a world disaster (which people donate plex to) and the rest takes care of itself. Pirate

Shockedor create one themselves!

I like this hat, i think it suits me.
Confirmed, CCP has a secret pact with an icelandic volcano god to create tsunamis whenever they feel like it.

Stupidity should be a bannable offense.

Fighting back is more fun than not.

Sticky: AFK Cloaking Thread It's not pretty, but it's there.
Nalelmir Ahashion
Industrial Management and Engineering
Mouth Trumpet Cavalry
#47 - 2014-07-08 10:45:22 UTC
Tippia wrote:
No and no, in that order.

Also, IBTL.


I was sure it was no and No. thanks for figuring it out for us!
Steve Celeste
Doomheim
#48 - 2014-07-08 11:04:19 UTC
No, but I wish they did.
Emma Muutaras
State War Academy
Caldari State
#49 - 2014-07-08 11:09:55 UTC  |  Edited by: Emma Muutaras
Creamdream wrote:
High plex price means more people wil buy with euro or dollar instead of isk.

The way I see it, is that CCP essentially has the same tools available as in a real economy. A PLEX is analoguos to a bond. The central bank (CCP) can use quantitative easing (buying up PLEX) to reduce the supply of PLEX on the market which will increase the prices. Now the bond (PLEX) will be worth more (in terms of ISK) which will increase the value of PLEX when measured in another currency (i.e. Euro or Dollar). Hence, the demand for Euro/Dollar-purchased PLEX will increase which will enhance CCP's profits.

Edited the OP.



I guess you do have a point with higher plex prices being more attractive to buy and sell for isk and make you more likely to do it

after all here in the uk if i pay for my sub fee direct to CCP (paypal,DD,ect) the cost is £9.99 a month (discounted if paying for more game time upfront )

Cost of a PLEX (from ccp's account management page) £16.99 a £7 difference for you bros in the US/EU thats a difference of $11.97 and €8.81

so yes CCP makes a lot more off people plexing there account than people paying the standard sub fee.

getting more people to buy plex will increase there profits however there still needs to be demand for said plex and thats where your bond idea makes a certain amount of sense.

Think about it ccp buys lets say 500 plex a week off the market increasing the demand while at the same time decreasing the supply, plex prices go up, more people see how much isk they can make for a 1 time payment of £16.99. and the beauty of it is the people who use plex to pay there sub fee are still there to buy them. All ccp has done is buy some for the shredder to make buying plex for real £/$/€ even more attractive as you get more for ya buck

BRB need to go make my tinfoil hat
Poo Sugar
Swiss Army Spoons
#50 - 2014-07-08 11:28:16 UTC
I don't think I've ever posted in a soon to be locked thread before! (Don't delete!) ;)
Creamdream
Whatever Brah
#51 - 2014-07-08 11:47:51 UTC
Emma Muutaras wrote:
Creamdream wrote:
High plex price means more people wil buy with euro or dollar instead of isk.

The way I see it, is that CCP essentially has the same tools available as in a real economy. A PLEX is analoguos to a bond. The central bank (CCP) can use quantitative easing (buying up PLEX) to reduce the supply of PLEX on the market which will increase the prices. Now the bond (PLEX) will be worth more (in terms of ISK) which will increase the value of PLEX when measured in another currency (i.e. Euro or Dollar). Hence, the demand for Euro/Dollar-purchased PLEX will increase which will enhance CCP's profits.

Edited the OP.



I guess you do have a point with higher plex prices being more attractive to buy and sell for isk and make you more likely to do it

after all here in the uk if i pay for my sub fee direct to CCP (paypal,DD,ect) the cost is £9.99 a month (discounted if paying for more game time upfront )

Cost of a PLEX (from ccp's account management page) £16.99 a £7 difference for you bros in the US/EU thats a difference of $11.97 and €8.81

so yes CCP makes a lot more off people plexing there account than people paying the standard sub fee.

getting more people to buy plex will increase there profits however there still needs to be demand for said plex and thats where your bond idea makes a certain amount of sense.

Think about it ccp buys lets say 500 plex a week off the market increasing the demand while at the same time decreasing the supply, plex prices go up, more people see how much isk they can make for a 1 time payment of £16.99. and the beauty of it is the people who use plex to pay there sub fee are still there to buy them. All ccp has done is buy some for the shredder to make buying plex for real £/$/€ even more attractive as you get more for ya buck

BRB need to go make my tinfoil hat


Now here's a person who understands things.
Tippia
Sunshine and Lollipops
#52 - 2014-07-08 11:52:25 UTC
Creamdream wrote:
That said, there is equally nothing wrong with admitting that it is extremely unlikely that CCP does not stimulate PLEX inflation. It is in their interest to do so.
No, it really isn't, since it means they lose customers.
Even the most cursory look at the market data will tell you that higher (ISK) prices do not lead to more (RL) PLEX sales. Going by CCP's own analysis, higher prices only seem to lead to more re-lists and higher velocity — neither of which makes CCP any money and rather works to hide a decrease in PLEX sales.

Quote:
High plex price means more people wil buy with euro or dollar instead of isk.
In other words, high plex prices means CCP makes less money.
Creamdream
Whatever Brah
#53 - 2014-07-08 11:53:02 UTC
Ralph King-Griffin wrote:
or, plex is analogous to gold.
in this case, no tinfoil hat required (still fashionable though).

Debora Tsung wrote:
Creamdream wrote:
Truth is always obstructed by those in power. Dont lock. Discuss.

You have no idea where those plexes you buy for ISK come from, do you?

I don't think he does


You are only seeing half of the equation. It's not about where they come from. It's where some of them go to. I.e. being bought back by CPP which is analogous to a central bank's quantitative easing (buying back bonds that were issued by themselves/fed government).
Slade Trillgon
Brutor Force Federated
#54 - 2014-07-08 11:54:56 UTC
Creamdream wrote:
Emma Muutaras wrote:
Creamdream wrote:
High plex price means more people wil buy with euro or dollar instead of isk.

The way I see it, is that CCP essentially has the same tools available as in a real economy. A PLEX is analoguos to a bond. The central bank (CCP) can use quantitative easing (buying up PLEX) to reduce the supply of PLEX on the market which will increase the prices. Now the bond (PLEX) will be worth more (in terms of ISK) which will increase the value of PLEX when measured in another currency (i.e. Euro or Dollar). Hence, the demand for Euro/Dollar-purchased PLEX will increase which will enhance CCP's profits.

Edited the OP.



I guess you do have a point with higher plex prices being more attractive to buy and sell for isk and make you more likely to do it

after all here in the uk if i pay for my sub fee direct to CCP (paypal,DD,ect) the cost is £9.99 a month (discounted if paying for more game time upfront )

Cost of a PLEX (from ccp's account management page) £16.99 a £7 difference for you bros in the US/EU thats a difference of $11.97 and €8.81

so yes CCP makes a lot more off people plexing there account than people paying the standard sub fee.

getting more people to buy plex will increase there profits however there still needs to be demand for said plex and thats where your bond idea makes a certain amount of sense.

Think about it ccp buys lets say 500 plex a week off the market increasing the demand while at the same time decreasing the supply, plex prices go up, more people see how much isk they can make for a 1 time payment of £16.99. and the beauty of it is the people who use plex to pay there sub fee are still there to buy them. All ccp has done is buy some for the shredder to make buying plex for real £/$/€ even more attractive as you get more for ya buck

BRB need to go make my tinfoil hat


Now here's a person who understands things.



Totally makes sense and is totally possible and I even propsed this years ago deep in a thread, but it was over looked. That being said, if an internal e-mail about this actually being in practice was leaked it would probably be the cast iron 9" nail into the heart of the company.
Tippia
Sunshine and Lollipops
#55 - 2014-07-08 11:57:52 UTC
Creamdream wrote:
You are only seeing half of the equation. It's not about where they come from. It's where some of them go to. I.e. being bought back by CPP which is analogous to a central bank's quantitative easing (buying back bonds that were issued by themselves/fed government).

It's not that he doesn't see the other half, it's that the other half is zero since they don't buy back any PLEX.
Emma Muutaras
State War Academy
Caldari State
#56 - 2014-07-08 12:05:34 UTC
Tippia wrote:
Creamdream wrote:
You are only seeing half of the equation. It's not about where they come from. It's where some of them go to. I.e. being bought back by CPP which is analogous to a central bank's quantitative easing (buying back bonds that were issued by themselves/fed government).

It's not that he doesn't see the other half, it's that the other half is zero since they don't buy back any PLEX.



Come on Tippia join the tin foil hat club Cool you no u wanna

but on a more serious note personally i dont think CCP is manipulating plex prices it would be highly unethical and there would be a uproar within the playing community that would dwarf the monocle riots that almost killed the game
Tippia
Sunshine and Lollipops
#57 - 2014-07-08 12:08:49 UTC
Emma Muutaras wrote:
Come on Tippia join the tin foil hat club Cool you no u wanna
No thanks. Tin foil just focuses the mind control ray and then you end up like the OP: insightful as a baked potato.
Dave Stark
#58 - 2014-07-08 12:09:33 UTC
Tippia wrote:
Emma Muutaras wrote:
Come on Tippia join the tin foil hat club Cool you no u wanna
No thanks. Tin foil just focuses the mind control ray and then you end up like the OP: insightful as a baked potato.


but i like baked potatos....
Tippia
Sunshine and Lollipops
#59 - 2014-07-08 12:10:36 UTC
Dave Stark wrote:
but i like baked potatos....

There's a difference between liking baked potatoes and being one.
ISD Ezwal
ISD Community Communications Liaisons
ISD Alliance
#60 - 2014-07-08 12:32:49 UTC
Debora Tsung wrote:
Creamdream wrote:
Truth is always obstructed by those in power. Dont lock. Discuss.

You have no idea where those plexes you buy for ISK come from, do you?
According to our youngest doughtier they are dug up by dwarfs near her tree hut in the back of our garden.

IdeaGets shovel, sneaks to back of garden.....'I'm going to get rich! Rich I say!....'

Eh....well....yes...I mean....eh no.....maybe not.

Plex are bought from CCP directly or from third parties (who buy them from CCP) with real world money. If redeemed in game they can be sold for in game Isk.

And no, CCP does not manipulate the market, they do how ever intervene once in a great while to stabilise the in-game market under very specific circumstances.

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