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Why do people believe ISK has a real life money value?

First post First post
Author
Ralph King-Griffin
New Eden Tech Support
#81 - 2014-08-21 16:00:01 UTC
CCP Falcon wrote:
[trlolololo]

I pay for everything with ISK every day P


thers an rmt joke in there somewhere i just know it.
Jake Rivers
New Planetary Order
#82 - 2014-08-21 16:01:41 UTC
CCP Falcon wrote:
[img]http://i.imgur.com/ZQTNjaB.jpg[/img]

I pay for everything with ISK every day P



I thought those were coupons good for 1 beer only. ;)
Xuixien
Solar Winds Security Solutions
#83 - 2014-08-21 16:05:54 UTC
Well if you're looking at it from a legit RMT perspective (ie, the RMT endorsed by CCP through which they profit), 1 PLEX = 800 million ISK at current market price. 1 PLEX = 20 USD, therefore 800 million ISK = 20 USD.

Let's say a Titan costs 100 billion. 100bil/800mil = 125. So that's 125 PLEX. 125*20 = 2,500 USD.

Epic Space Cat, Horsegirl, Philanthropist

DaReaper
Net 7
Cannon.Fodder
#84 - 2014-08-21 16:09:45 UTC
There is an irl value on stuff, because some people want to put a value on stuff. Due to people paying money for game isk via RMT, that's how they get the values. If no one did RMT and we had no plex, then there would not be any.

But you can break it down easily, a plex nets you ~800m a plex is $20. So a titan, that is around 70b (give or take) = 88 plex's

70b/800 = 87.5

so 88 plex's at about $20 each $1750 for a titan. Cause you can go spend that at ccp games and buy a titan with 88 plex's

OMG Comet Mining idea!!! Comet Mining!

Eve For life.

Elizabeth Norn
Nornir Research
Nornir Empire
#85 - 2014-08-21 16:35:01 UTC
CCP Falcon wrote:
[img]http://i.imgur.com/ZQTNjaB.jpg[/img]

I pay for everything with ISK every day P



CoolBear😎
Tarpedo
Incursionista
#86 - 2014-08-21 16:55:30 UTC  |  Edited by: Tarpedo
92% of world's currencies don't have physical representation. It's like there is only 8% difference between ISK and "real money". Since there is no actual guaranteed physical values behind "real currencies" their value is imaginable and they work only because people have faith in them - just like EVE players value ISK and "shibes" value dogecoins.
Pertuabo Enkidgan
Center for Advanced Studies
Gallente Federation
#87 - 2014-08-21 17:06:42 UTC
CCP Falcon wrote:
[img]http://i.imgur.com/ZQTNjaB.jpg[/img]

I pay for everything with ISK every day P


You're cheating Falcon, you can post images but we cant Evil.
Carmen Electra
AlcoDOTTE
Test Alliance Please Ignore
#88 - 2014-08-21 18:24:03 UTC
CCP Falcon wrote:
[img]http://i.imgur.com/ZQTNjaB.jpg[/img]

I pay for everything with ISK every day P


Burn
Jonah Gravenstein
Machiavellian Space Bastards
#89 - 2014-08-21 18:31:57 UTC
CCP Falcon wrote:
DevHax

I pay for everything with ISK every day P


Cry

In the beginning there was nothing, which exploded.

New Player FAQ

Feyd's Survival Pack

Retar Aveymone
GoonWaffe
Goonswarm Federation
#90 - 2014-08-21 18:59:23 UTC
CCP Falcon wrote:
[img]http://i.imgur.com/ZQTNjaB.jpg[/img]

I pay for everything with ISK every day P


yeah but the global financial system doesn't consider that real currency either :v:
Jur Tissant
Garoun Investment Bank
Gallente Federation
#91 - 2014-08-21 23:26:36 UTC
It makes it fun to talk about spaceship battles when you can report damages greater than a person's salary.

However, I don't really consider ISK all that valuable. I am willing to sacrifice 800mil ISK to save me fifteen bucks, even if all that amounts to is a few gallons of gas. I aim to have fun when I play EVE so I don't "work" for the ISK the same way I work for dollars.
Andski
Science and Trade Institute
Caldari State
#92 - 2014-08-21 23:52:21 UTC
Herzog Wolfhammer wrote:
can see the upside to your point, but the downside is that following such news comes a lot of handwringing about "gilded ages" and "rich white guys playing games". I'm expecting a headline "20 titans destroyed, women and minorities impacted the most".

So in addition to the bad reputation of the game for the other reasons, comes this equally bad impression that we are all rich playboys with money to burn for our jollies while children starve to death in that gap between our mansion and the 5 car garage.

It does not take much effort to see how easily and how stupidly "the masses" (say it fast and what does it sound like?) misinterpret the "ISK destroyed = $$ spent" metric. It becomes yet one more thing I had to explain more than once and such one more reason why I don't tell anybody I play this game any more.



The Cyclone is my favorite ship. I have a Cyclone in RL (a Mercury Cyclone GT - very rare) and I look forlornly at the EvE sticker I bought 5 years ago with the intent to put it in the back window of the car.


if you're concerned about what fat idiots put into the comments sections of articles on fox news or other mainstream news sites i don't know what to tell you

Twitter: @EVEAndski

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths."    - Abrazzar

Gallowmere Rorschach
The Scope
Gallente Federation
#93 - 2014-08-22 00:21:20 UTC
Jur Tissant wrote:
It makes it fun to talk about spaceship battles when you can report damages greater than a person's salary.

However, I don't really consider ISK all that valuable. I am willing to sacrifice 800mil ISK to save me fifteen bucks, even if all that amounts to is a few gallons of gas. I aim to have fun when I play EVE so I don't "work" for the ISK the same way I work for dollars.

Then you must reeeaaally hate your job. I'll gladly spend two extra hours at work per week to never have to look at Eve PVE again.
Kagura Nikon
Native Freshfood
Minmatar Republic
#94 - 2014-08-22 01:35:05 UTC
Jenni LaCroix wrote:


Actually, I am using my brain but I believe you simply are too ignorant to understand other people's opinions, thus that can be seen in your first reply where you basically state that all that don't think like you are daydreaming.

So right now, I am choosing out of my free time to write you a reply. It is done out of free will in my free time and to me this has absolutely no value. There is no codex of human behavior anywhere that states that each time I do something that it is out of my free will, that I must apply work time multiplied by my work value.

But I believe that people like you even think that each time they take a dump, that the turd is actually worth real life money, due to like you mentioned, taking a crap time (work) is multiplied by whatever you consider your work value is. Heh, I am sure the turds you drop that have the size of a banana must be worth gold to you.



There is NO such thing as free time... you can never ever get it back its gone spent. IT was NOT free. You spent the possibilities that your life had for that ime.

NOthign is free. ANyone that do not grasp taht is a poor fool.

"If brute force does not solve your problem....  then you are  surely not using enough!"

Grog Aftermath
Doomheim
#95 - 2014-08-22 02:19:02 UTC
Kagura Nikon wrote:
Jenni LaCroix wrote:


Actually, I am using my brain but I believe you simply are too ignorant to understand other people's opinions, thus that can be seen in your first reply where you basically state that all that don't think like you are daydreaming.

So right now, I am choosing out of my free time to write you a reply. It is done out of free will in my free time and to me this has absolutely no value. There is no codex of human behavior anywhere that states that each time I do something that it is out of my free will, that I must apply work time multiplied by my work value.

But I believe that people like you even think that each time they take a dump, that the turd is actually worth real life money, due to like you mentioned, taking a crap time (work) is multiplied by whatever you consider your work value is. Heh, I am sure the turds you drop that have the size of a banana must be worth gold to you.



There is NO such thing as free time... you can never ever get it back its gone spent. IT was NOT free. You spent the possibilities that your life had for that ime.

NOthign is free. ANyone that do not grasp taht is a poor fool.




I have plenty of free time, technically it's all free, didn't have to pay for it.

People choose to place a monetary value on their time, it's just something people do. I don't look at it that way though, I take a far more casual approach.

Same with virtual items, people choose to place a value on them even though there really isn't one. Doubt there will ever be a time where a company can claim virtual items as financial assets in regard to their company. Something with 0 value can't be a financial asset.

In an mmo say like WoW where someone buys a mount from the shop. They're not purchasing the mount they're purchasing the ability/license to use it.
Jake Warbird
Republic Military School
Minmatar Republic
#96 - 2014-08-22 03:52:08 UTC  |  Edited by: Jake Warbird
Solecist Project wrote:

You ruined your portrait.

If you wanna keep this,
at least find lighting that makes it look less ******.

Thanks.

:((

e: I fixed it, mom.
Jenni LaCroix
Doomheim
#97 - 2014-08-22 13:47:55 UTC  |  Edited by: Jenni LaCroix
So let's say CCP is Mother nature and it allows you to buy flowers or pick them up for free. Mother nature decides suddenly that flowers can be bought with RL money in the local and only mother nature owned flower market for real money, but you are only allowed to buy flowers and not sell them. You can never sell any flowers anywhere because they belong to mother nature. However, you are also allowed to pick your own flowers for free, as much as you like. So I put my red riding hood on and go pick myself some flowers and proudly exhibit them in my garden. Suddenly some people come and trample on the flowers, and those people now laugh their arses off that I lost the equivalent of let's say, inventing, 1000 $. They laugh their arses off like there is no tomorrow, they are so excited that I lost 1000$ because of them. Not understanding what they laugh about, I take out my 12 gauge and before I can aim, they already covered 10 miles fleeing, while I just go and pick some flowers again , in my free spare time, out of my own free will. Let's say this repeats itself every single day. So it is safe to say (according to many replies), that I am at a horrible loss, I will most probably end up living under a bridge soon at this rate, because the people that come trample my flowers that I get for no cost, they believe I am actually losing physical money, but apparently what they do not understand is, that since what they are doing, to them that time they use to do this is worth real money, than they are losing money themselves, because they keep destroying something that I've got unlimited supplies of, as long as mother nature exists.

My point?

ISK can have a monetary value to some, as it can have no monetary value to others, depending on how you play the game. But why people in this game adopt that ALL fall under the first category of where in-game isk has monetary value to all, that is what I was trying to find out all along.
Audovacar
Least Fixed Point
#98 - 2014-08-22 14:18:14 UTC
Jenni LaCroix wrote:
... CCP ... allows you to buy flowers or pick them up for free.

... my flowers that I get for no cost

This is where you're getting confused and where all the "time = money" arguments are aimed.

You are thinking that anything which you don't have to pay dollars, pounds, euros or some other RL currency for has no cost.

The "time = money" guys understand that cost is a more general thing. One example of a cost that is not monetary is time. Other examples of costs might be things like your health or social status.

Now the point of saying "time = money" is that costs in one sphere can be converted to costs in another sphere. If you want to put up a fence you can either build it yourself (costs you time, might cost your health if you're not careful) or you can pay someone with money. Making a decision between these two options relies upon an internal "exchange rate" between these different kinds of cost. (You probably won't pin down a numerical value but you might say things like "it will take me 8 hours to put up my fence?? not worth it!")

In EVE you can buy PLEX for RL money and sell for isk. This pins down the relevant "exchange rate". As many others have said, you can't legally get back the monetary value of isk or in-game assets, but it provides a useful standard to compare the various costs and/or benefits of actions and choices in EVE.
Aqriue
Center for Advanced Studies
Gallente Federation
#99 - 2014-08-22 14:20:31 UTC  |  Edited by: Aqriue
Effect One wrote:
Although you briefly touch upon it, I think you seriously underestimate the personal worth players of any persistent world attach to 'their' in game possessions...... spent some amount of time attaining......People naturally attach worth to things they own or perceive to own, regardless of how they obtained said items .

Going to pick and choose what I think is relevant, but EVE needs to do away with the clone upgrading (include insurance payout, to further the isk sink) and "being immortal", period...ship blows up, no more pod, (your mind is updated every time you visit a station to stay within lore reason that you didn't completely die..autosave feature like in RL how you always loose something except for the last few minutes), and only the latest copy remains....you will loose some skill points every time.

Why?

Make it harsher, put into the perspective what its like to actually loose something important...which will then put the value of your monthly subscription tied into the game / 30 days trained time = time well spent. Cause now you have a real harsh world, where its not what you lose flying but what you lost in the experience of the moment you went boom Twisted

edit: typo What?
Ranger 1
Ranger Corp
Vae. Victis.
#100 - 2014-08-22 17:59:22 UTC
Indisputable time = money 101 revelations aside, this is simply a semantics troll.

The player that says:

"I lost a ship that was worth $1000" is entirely correct as you don't have to own something personally for it to have a monetary value, nor do you personally need to have the ability to sell it for it to have a monetary value.

The player that says:

"I just lost $1000 when that ship blew up" may or may not be correct, depending on whether he actually PAID $1000 for that ship originally (as he is out both the $1000 and the item that money purchased).

Slight difference in wording, big difference in meaning and factuality.

Bouncing back and forth between the two wordings and intentions, while clever in it's own way, doesn't really help your case.

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