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We need ISK sinks, this is one
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Piugattuk
Litla Sundlaugin
#1 - 2017-04-22 02:35:32 UTC  |  Edited by: Piugattuk
Pay NPC's to 'rent' a billboard like the ones we already see, so basically you pay the NPC's ISK to have your ugly mug up on the billboard for a day or week, etc, maybe your Corp logo up on the billboard etc.

Day costing the poster based on standings with that Corp, etc, get your mug up on your enemies home NPC hangout, you know.

Any ideals on ISK sinks ?
Nana Skalski
Taisaanat Kotei
EDENCOM DEFENSIVE INITIATIVE
#2 - 2017-04-22 06:44:27 UTC
Cade Windstalker
#3 - 2017-04-22 10:43:34 UTC
We don't actually need more ISK sinks, if you look at the Monthly Economics Report the Money Supply in the game has been holding fairly steady since Citadel when they adjusted Broker Fees and the Tax rate.
Piugattuk
Litla Sundlaugin
#4 - 2017-04-22 12:59:02 UTC
Humm, just floating it, but if as you say I take your word for it.
Yarr Bait
School of Applied Knowledge
Caldari State
#5 - 2017-04-22 13:51:56 UTC
CCP needs more money faucets ;)
adad qsdqze
Doomheim
#6 - 2017-04-22 14:54:57 UTC
Piugattuk wrote:
Pay NPC's to 'rent' a billboard like the ones we already see, so basically you pay the NPC's ISK to have your ugly mug up on the billboard for a day or week, etc, maybe your Corp logo up on the billboard etc.

Day costing the poster based on standings with that Corp, etc, get your mug up on your enemies home NPC hangout, you know.

Any ideals on ISK sinks ?


The longer an economy exists, the more unbalanced it become, rich become richer, rise prices, poor become poorer
Want a real ISK sink ? Shut down Eve Online and create another one
Whatever CCP does, there will be always a group of people bypassing it and making it worst
Piugattuk
Litla Sundlaugin
#7 - 2017-04-23 00:55:10 UTC
adad qsdqze wrote:
Piugattuk wrote:
Pay NPC's to 'rent' a billboard like the ones we already see, so basically you pay the NPC's ISK to have your ugly mug up on the billboard for a day or week, etc, maybe your Corp logo up on the billboard etc.

Day costing the poster based on standings with that Corp, etc, get your mug up on your enemies home NPC hangout, you know.

Any ideals on ISK sinks ?


The longer an economy exists, the more unbalanced it become, rich become richer, rise prices, poor become poorer
Want a real ISK sink ? Shut down Eve Online and create another one
Whatever CCP does, there will be always a group of people bypassing it and making it worst


I wouldn't say the rich in this game will be the only ones prospering, I do well, I have all I need and want, if to prosper you define it as one of the high level billion/trillionaire then that is only a thing if you plan on being a null Corp of large standing, that's not one goal for myself tho.
Daichi Yamato
Jabbersnarks and Wonderglass
#8 - 2017-04-23 02:09:32 UTC
adad qsdqze wrote:
Piugattuk wrote:
Pay NPC's to 'rent' a billboard like the ones we already see, so basically you pay the NPC's ISK to have your ugly mug up on the billboard for a day or week, etc, maybe your Corp logo up on the billboard etc.

Day costing the poster based on standings with that Corp, etc, get your mug up on your enemies home NPC hangout, you know.

Any ideals on ISK sinks ?


The longer an economy exists, the more unbalanced it become, rich become richer, rise prices, poor become poorer
Want a real ISK sink ? Shut down Eve Online and create another one
Whatever CCP does, there will be always a group of people bypassing it and making it worst


Wat?!

EVE FAQ "7.2 CAN I AVOID PVP COMPLETELY? No; there are no systems or locations in New Eden where PvP may be completely avoided"

Daichi Yamato's version of structure based decs
Nevyn Auscent
Broke Sauce
#9 - 2017-04-23 02:25:36 UTC
Piugattuk wrote:

I wouldn't say the rich in this game will be the only ones prospering, I do well, I have all I need and want, if to prosper you define it as one of the high level billion/trillionaire then that is only a thing if you plan on being a null Corp of large standing, that's not one goal for myself tho.

Have a look at the wealth distribution graph CCP published, it helps explain some of the stagnation currently going on in EVE.
Teckos Pech
Hogyoku
Goonswarm Federation
#10 - 2017-04-23 03:12:48 UTC
Piugattuk wrote:
Pay NPC's to 'rent' a billboard like the ones we already see, so basically you pay the NPC's ISK to have your ugly mug up on the billboard for a day or week, etc, maybe your Corp logo up on the billboard etc.

Day costing the poster based on standings with that Corp, etc, get your mug up on your enemies home NPC hangout, you know.

Any ideals on ISK sinks ?


Why do we need ISK sinks?

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

8 Golden Rules for EVE Online
Teckos Pech
Hogyoku
Goonswarm Federation
#11 - 2017-04-23 03:15:36 UTC
Cade Windstalker wrote:
We don't actually need more ISK sinks, if you look at the Monthly Economics Report the Money Supply in the game has been holding fairly steady since Citadel when they adjusted Broker Fees and the Tax rate.


If anything with a steady money supply and a growing "real" sector to the economy this would imply deflation. Not inflation. Adding in more ISK sinks would be bad. Increasing the rate of deflation basically rewards holding ISK not spending it. You want to crash the in-game economy...yeah implement more ISK sinks.

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

8 Golden Rules for EVE Online
Teckos Pech
Hogyoku
Goonswarm Federation
#12 - 2017-04-23 03:18:58 UTC
adad qsdqze wrote:
Piugattuk wrote:
Pay NPC's to 'rent' a billboard like the ones we already see, so basically you pay the NPC's ISK to have your ugly mug up on the billboard for a day or week, etc, maybe your Corp logo up on the billboard etc.

Day costing the poster based on standings with that Corp, etc, get your mug up on your enemies home NPC hangout, you know.

Any ideals on ISK sinks ?


The longer an economy exists, the more unbalanced it become, rich become richer, rise prices, poor become poorer
Want a real ISK sink ? Shut down Eve Online and create another one
Whatever CCP does, there will be always a group of people bypassing it and making it worst


The game is experiencing, if anything, deflation. As for the rest take the economic illiterate nonsense elsewhere please.

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

8 Golden Rules for EVE Online
Teckos Pech
Hogyoku
Goonswarm Federation
#13 - 2017-04-23 03:34:49 UTC
For all the budding monetary theorists out there, please read this from the monthly economic report why ISK and inflation is not quite like it is IRL,

Quote:
Quite a few players have approached me over the years to discuss viable means for CCP to implement financial instruments into EVE Online. For many different reasons, most financial instruments can be ruled out immediately, with the absence of a legal system in New Eden being one example of a reason. Asset backed securities however are instruments that we could viably implement in EVE.

What do I mean with asset backed securities? This is a fancy wording for Pawn shops in space. 😊 If you are sitting on assets and you need liquid ISK, instead of going through the trouble of selling off your assets, you’d be able to place them into escrow as a collateral for a loan that could be completely customized. Part of the customization could be the loan amount (principal), maturity date, coupon (interest rate), payment schedule/terms (0 for bullet), and of course calculated value of the collateral compared to the internally calculated estimate. Upon default (failure of a payment) the collateral is released. Players are already doing this on the forums, but this currently this is very much trust-based.

I realize this is as niche feature as it gets, but we also understand that EVE has a special place in the video games industry for its advanced virtual economy and some of our players are solely here for trading and industry. On paper, it would also be pretty cool to be the first video game to implement financial instruments into a living virtual economy. An obvious next step would be to allow players to bundle bonds of default-prone players together into subprime bond packages with triple A rating with complete absence of any regulation! #eveisreal


When a player goes out and creates say 1 billion new ISK it does NOT enter the economy unless it is spent. IRL, this is not the case. You'd deposit it in a bank and/or invest it. In either case it would enter the economy, either via the bank lending it out or by you directly investing into the economy.

Finance in EVE is incredibly stunted. It could be changed, but first time I posted this the response was universally negative.

From the link:

Quote:
I write the following Courier Contract:

Item i want hauled: -[900m ISK] (yes, negative 900m ISK)
Ship to: [Same station] (yes, not moving it anywhere)
Reward: [50m ISK]
Collateral: [-1 Plex] (yes, negative 1 Plex)
Expiration: [3 days]
Days to Complete: [1 month exactly] (yes, not less than but equal to)


If you accept this then you would receive negative 900m to haul (i.e. give me 900m ISK) whilst the you put negative 1 Plex up as Collateral (i.e. i put 1 Plex up as Collateral) and i put 50m ISK aside as collateral for the fees.

After 1 month exactly you complete the "haul" and return the -900m to me (i.e. i give you 900m) and i award you with 50m fees, and so i get back my 1 Plex Collateral.

If the contact fails then you get the Plex.


Without a change like this Finance in EVE will be forever primative and stunted.

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

8 Golden Rules for EVE Online
Cade Windstalker
#14 - 2017-04-23 04:41:18 UTC
Teckos Pech wrote:
Cade Windstalker wrote:
We don't actually need more ISK sinks, if you look at the Monthly Economics Report the Money Supply in the game has been holding fairly steady since Citadel when they adjusted Broker Fees and the Tax rate.


If anything with a steady money supply and a growing "real" sector to the economy this would imply deflation. Not inflation. Adding in more ISK sinks would be bad. Increasing the rate of deflation basically rewards holding ISK not spending it. You want to crash the in-game economy...yeah implement more ISK sinks.


Yup, though there's minimal evidence that we're headed in this direction.

At least some of the recent reduction in the money supply seems to have been due to Rorquals and people mining instead of ratting for income, since mining and doing things with minerals is ISK-negative in terms of the money supply, compared to ratting which is ISK positive.

Given this we'll have to wait and see what happens with the recent changes to really assess the health of the economy.
Piugattuk
Litla Sundlaugin
#15 - 2017-04-23 23:06:49 UTC
Nevyn Auscent wrote:
Piugattuk wrote:

I wouldn't say the rich in this game will be the only ones prospering, I do well, I have all I need and want, if to prosper you define it as one of the high level billion/trillionaire then that is only a thing if you plan on being a null Corp of large standing, that's not one goal for myself tho.

Have a look at the wealth distribution graph CCP published, it helps explain some of the stagnation currently going on in EVE.



Where can I find this so I'm not just pooping stinkers.
Piugattuk
Litla Sundlaugin
#16 - 2017-04-23 23:11:30 UTC
Cade Windstalker wrote:
Teckos Pech wrote:
Cade Windstalker wrote:
We don't actually need more ISK sinks, if you look at the Monthly Economics Report the Money Supply in the game has been holding fairly steady since Citadel when they adjusted Broker Fees and the Tax rate.


If anything with a steady money supply and a growing "real" sector to the economy this would imply deflation. Not inflation. Adding in more ISK sinks would be bad. Increasing the rate of deflation basically rewards holding ISK not spending it. You want to crash the in-game economy...yeah implement more ISK sinks.


Yup, though there's minimal evidence that we're headed in this direction.

At least some of the recent reduction in the money supply seems to have been due to Rorquals and people mining instead of ratting for income, since mining and doing things with minerals is ISK-negative in terms of the money supply, compared to ratting which is ISK positive.

Given this we'll have to wait and see what happens with the recent changes to really assess the health of the economy.


As I stated in another post it would be helpful if NPC's bought stuff besides a few cheap trade goods.
Vokan Narkar
Doomheim
#17 - 2017-04-23 23:26:32 UTC
Piugattuk wrote:


As I stated in another post it would be helpful if NPC's bought stuff besides a few cheap trade goods.

I used to think its actually happening. NPC stations have the supply/demand tab that looks like a list of things they sell and they occassionally buy. But I never saw those stations to buy those items... So it is there or not?

Assuming this feature is not in game, it would be nice if certain npc station would generate a buy orders on stuff that can be crafted such as 50x 5MN Microwarpdrive I.

But, wouldn't that in the end lead only in having more ISKs in the system thus affecting economy in bad way?

Also, it should be done as acontract I believe or the goods should have to be random every day something else otherwise players will put the stuff that station buys on the station with sell order in advance in oder to complete the buy order the moment it shows up.
Teckos Pech
Hogyoku
Goonswarm Federation
#18 - 2017-04-24 09:04:21 UTC
Vokan Narkar wrote:
Piugattuk wrote:


As I stated in another post it would be helpful if NPC's bought stuff besides a few cheap trade goods.

I used to think its actually happening. NPC stations have the supply/demand tab that looks like a list of things they sell and they occassionally buy. But I never saw those stations to buy those items... So it is there or not?

Assuming this feature is not in game, it would be nice if certain npc station would generate a buy orders on stuff that can be crafted such as 50x 5MN Microwarpdrive I.

But, wouldn't that in the end lead only in having more ISKs in the system thus affecting economy in bad way?

Also, it should be done as acontract I believe or the goods should have to be random every day something else otherwise players will put the stuff that station buys on the station with sell order in advance in oder to complete the buy order the moment it shows up.


Why? All this would do is establish a price floor. Why do we need a price floor for various goods and the economic distortions that go with price floors?

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

8 Golden Rules for EVE Online
Cade Windstalker
#19 - 2017-04-24 15:37:49 UTC
Piugattuk wrote:
As I stated in another post it would be helpful if NPC's bought stuff besides a few cheap trade goods.


This is not accurate, if NPCs bought more items that would act as an ISK faucet not a sink, and would also result in fixing the minimum price of anything NPCs buy.
Tessa Sage
Long Pig Luncheon Meat
Sending Thots And Players
#20 - 2017-04-28 11:51:22 UTC
Cade Windstalker wrote:
Piugattuk wrote:
As I stated in another post it would be helpful if NPC's bought stuff besides a few cheap trade goods.


This is not accurate, if NPCs bought more items that would act as an ISK faucet not a sink, and would also result in fixing the minimum price of anything NPCs buy.


Could we get NPCs to buy Plex?
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