Player Features and Ideas Discussion

This could work if the market using Faction Credits had lower taxes then the ISK market.

I see a Lore problem with the Faction Currencies though because there are currently Faction Currencies in New Eden. Except the exchange rate currently is crazy like 1mil Cadari Currency = 1 ISK (made up numbers, look into the lore for real stats). With 1 mil isk we could buy a planet type of exchange rate.

---------------------My (non?) Solution------------------------
Create a Corp with a SET amount of shares. So if you have 100 shares then you would sell 49 of them as currency. (So you never lose the corp) Each member keeping an alt in that corp so they could trade. Base the Gold Standard on a set amount of plex.


So If I want to buy a share I would join the Corp with an alt. And pay 1/49 the cost of the "Gold Standard" per share. But you would have the same insurance if you bought plex in jita and left it there. Unless there was a bonus to trading with corp members (low broker taxes, blue to major null sec alliances, etc.)

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I am for a Stock Exchange as I think it might be a better mode to create potentially stable corps that could pay dividends based on Shares.

Inflation does exist - look how the prices of PLEX and tritanium have risen over the last several years, for example - but you're right, inflation isn't cripplingly bad.

I don't advocate for the elimination of ISK, and I'm saying this for the third time I think.

On the first point you completely fail to get my point. Having large amounts of tritanium sitting "fallow" in empire bank vaults means that that tritanium is not being used to make things.

If different Empire central banks are not willing to honor other empire notes, then WTF?!?! Why even use this ****? Free banking systems honored other banks notes, that is precisely why those systems worked. If I can only redeem at the bank I got the currency at, then that makes even less attractive.

As for manipulation, currently ISK CANNOT be manipulated. As such introducing business cycles into the game simply by the actions of player organizations does not strike me as a selling point.

Go here and listen to these podcasts. You will learn alot, I know I did. And I don't intend that to be insulting or dismissive, not in the least.

Directly no, it's just the obvious result of your proposal.
How can miners set their own prices when 1 caldari dollar is DIRECTLY 1 trit. Or whatever value you want to put on it. It strictly prohibits miners from setting their own prices.
And everything you have said has been about making isk no longer a functional currency.
Simply because you never said a direct quote does not change the essence of the proposal you have presented.

And no, the onus is not on us to prove why it's a bad idea, even though 4 or 5 people have punctured a massive number of holes and explained just why it is bad already. The onus is on you as the suggester to prove your claims that you are using to justify this idea and to prove that this is the best solution.

It is true that I cannot do anything if Bill wants to build a stockpile of minerals. However, we aren't talking about that, but having a currency backed by tritanium that is going to be several orders of magnitude larger of an effect. There is an enormous amount of ISK in the game. Even if a small fraction is converted over to these currencies is would move very large amounts of tritanium off the market and into bank vaults.

As for redeeming every bank will have to hold enough tritanium to satisfy expected redeeming in each hour. Failure to do so would mean the bank is insolvent and may start a run on other banks. Under your system, each bank should have 100% tritanium reserve.

As for manipulating ISK, killing a rat and getting a bounty is not manipulation. What I'm talking about is a wide spread concerted effort to cause tritanium production to deviate from its current production rates. Here is how it would work...a big coalition goes and buys up a large quantity of this currency. Then they dispatch their legions of pilots to go around HS slaughtering every mining ship they come across. Tritanium production drops, price of tritanium goes up, since the rate of exchange between these currencies and tritanium is fixed the purchasing power of these currencies goes up. The coalition goes out and buys up in game assets with the faction currencies and then stops the slaughter and the purchasing power of the faction currencies drops back down.

If faction currencies are going to be trivial...then who cares and why bother?

And yeah, large numbers of players could convert their ISK to Tritanium...except that tritanium is not a medium exchange and doing so reduces their liquidity. And I don't see why we should incentivize it.

Look, for a bank to be solvent with a resource backed currency that bank has to have enough of the resource in question to redeem all of the currency people want redeemed. Failure to do so will result in a run on the bank which in RL would cause it to collapse with the loss of everyone's deposits. I don't think we should add this as a feature to a game that is supposed to be fun. Losing your in game wealth due to such shenanigans just strike me as fun...especially as it can happen to people when they are asleep, at work, etc.

Please don't bring up scamming as that usually entails a player who is so greedy they don't slow down to check out the awesome deal they are about to get. I'm talking about something completely different.

As for the Gallente ice interdiction it did not link up to literally every other item in the game. About the only items in game that do not require some amount of tritanium that I know of are T2 inputs like particle accelerators or thermonuclear triggers. Other that you'll need trit to make just about everything else. Deliberately creating a situation that can be manipulated just because does not strike me as good game design.

You don't like ISK and think it is valueless...fine. Hold your wealth in tit or whatever else you care too. The growth rate in the money supply while we can debate being too high...is at least stable. A stable growth rate in a fiat money supply will mean a stable inflation rate. And taking into account other changes about the only place we see sustained "inflation" is in PLEX and even there it could very well be a result of CCP linking PLEX to more and more in-game things and not to inflation.

As is the usual refrain:

1. What problem does this address?
2. Will this solve the problem?

If you answer is, "No problem, and it addresses nothing, but dang I think it would be cool!" That is not sufficient. I'm don't think adding a boom and bust cycle to the game would be all that fun and exciting, especially one that could possibly be triggered by players looking to abuse the system.

Edit:

And I want to add I'm not anti-resource currency IRL. The Scottish had a really stable monetary system were each bank issued its own notes (paper money). In fact, the Scottish were so innovative and their banking system quite stable. Given the recent financial crisis and previous ones in the U.S. going to a resource backed monetary system might not be so bad.

However, for EVE CCP does not face the same political pressures that the banking industry, regulators and politicians IRL face. Hence the parallels do not necessarily hold, IMO. A fiat monetary system may work just fine. Especially considering that many of the RL constraints that would preclude attempts to manipulate a resource backed currency do not exist in EVE. Namely the immortality of player characters. Even death does not constrain us.....