These forums have been archived and are now read-only.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

CSM notes on faucets & sinks
Author
Previous Topic Next Topic
RubyPorto
RubysRhymes
#221 - 2013-03-02 19:32:34 UTC  |  Edited by: RubyPorto
Mikhael Taron wrote:
RubyPorto wrote:
Mines produce Specie that doesn't just back currency, it was currency. Rats produce ISK that doesn't just back currency, it is currency.

Miners mine Specie, Ratters create ISK. See the equivalence?

You're arguing that a gold coin is a fiat currency.


Mines produce specie. I can hold it in my hand and raise paper against it.

Rats produce fiat. There is nothing tangible, no commodity, nothing backing it. I can't raise paper against it because it is already paper.

There is no equivalence. You are seeing things.

Indicate where I have stated that gold coin is fiat? Again: you are seeing things.

This attempt of yours to separate bounties from the problem of inflation has so far failed.


1. I am not trying to separate bounties from inflation at all. Ask the 16th century Spaniards if Specie currency can suffer from inflation issues.

2. ISK is the commodity. It's created in much the same way that RL Specie is created, and has about the same level of alternative uses that RL specie had at the height of Specie currencies (NPC Sell orders for ISK, the few non-recoverable uses of Gold for Specie). Ratters introduce ISK into the economy, Miners introduce Gold into the economy. It's the same process (slightly simplified).

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." -Abrazzar "the risk of having your day ruined by other people is the cornerstone with which EVE was built" -CCP Solomon
Mikhael Taron
Four Winds Industry
#222 - 2013-03-03 06:38:14 UTC
RubyPorto wrote:
Mikhael Taron wrote:

Mines produce specie. I can hold it in my hand and raise paper against it.

Rats produce fiat. There is nothing tangible, no commodity, nothing backing it. I can't raise paper against it because it is already paper.

There is no equivalence. You are seeing things.

Indicate where I have stated that gold coin is fiat? Again: you are seeing things.

This attempt of yours to separate bounties from the problem of inflation has so far failed.


1. I am not trying to separate bounties from inflation at all. Ask the 16th century Spaniards if Specie currency can suffer from inflation issues.

2. ISK is the commodity. It's created in much the same way that RL Specie is created, and has about the same level of alternative uses that RL specie had at the height of Specie currencies (NPC Sell orders for ISK, the few non-recoverable uses of Gold for Specie). Ratters introduce ISK into the economy, Miners introduce Gold into the economy. It's the same process (slightly simplified).


They're dead, so hardly a comment worth considering, apart from it demonstrating that an unregulated supply of currency leads to the problem this topic is discussing.

ISK is not a commodity; it's a medium for exchange. PLEX is a commodity, for example.

It's not the same process at all. ISK appearing in the economy is limited only by the number of players creating bounties. Gold has a finite number of sources, each of which can support a finite number of extraction processes. Also, gold will run out. ISK creation is limitless. Not the same, and it's this limitless creation of isk that is causing problems.

As you pointed out with your references to the spaniards: unregulated creation of currency leads to inflation, so obviously it must be regulated to avoid this. Bounties play the largest part in this creation, so restricting their effect on the galactic economy must be the way forward. At least we're on the same wavelength.

You can fool some of the people all of the time. You can fool all of the people some of the time. You can make a fool out of yourself anytime.
DarthNefarius
Minmatar Heavy Industries
#223 - 2013-03-03 12:29:53 UTC
mynnna wrote:
DarthNefarius wrote:
mynnna wrote:

Well, there is the saying that civil engineers design the targets and mechanical engineers design the bombs. Lol


I doubt they were that needed for Little Boy as much as the physicists ( the materials though very much required MECH-E's or CHEM-E's for spinning Uranium Hexafluoride? )


:cripes:

What I meant when I said "there is a saying" was really "there is a joke."


You didn't like my joke? Oops
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'