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Damn I need to get close to a CSM candidate, could have made a killing on this.

I'm not so sure. Especially if you need 500 microPlex to get gametime.

Also will the microPlex be sold on a neweden wide market or will it still be regional markets?

The part of the change I like the most is that Aurum will disappear and PLEX (or what many pilots are calling mini-PLEX) will be used as the only currency.

I thought at first that 1 old PLEX will equal 500 new PLEX was too many (why not 1 old = 10 new), but then there would be a problem replacing the Aurum with the new PLEX.

I suspect that, with the new currency being smaller units, there might be a lot of unexpected trade changes, but that might be good, might be exciting... Who knows.

All in all, I think it is a good move.

Taking something I have paid for away is an "Unfair Business Practice" this was made an actionable offence by "The Consumer Protection from Unfair Trading Regulations 2008" under Aggressive commercial practices 7.-1 (a) and (b)




The maximum fine for any one case was £5,000 but the cap was removed even at the old cap CCP could receive up to a £5,000 fine for every $4.99 worth of Aurum or portion thereof they steal.


TL;DR if CCP takes something you paid for they will be in a hurt locker of trouble.


References:

Law and statutes
http://www.legislation.gov.uk/uksi/2008/1277/contents/made

£5,000 fine cap being removed:
http://www.linklaters.com/Insights/Publication1005Newsletter/UK-Corporate-Update-1-April-2015/Pages/Statutory-max-fine-unlimited.aspx

It's still negative... I hate the thought of getting ripped off my remaining AUR that I haven't spent and paid real money to acquire.
EULA/ToS has stipulations to game QoL and mechanics, but nothing on the separate market that is outside the game (NES). No warning when purchasing the AUR that CCP can/may disregard remaining balances at their convenience.

Ladies and Gentlemen!
Afraid of losing Aurum? Aurum that you have bought in the past with RL funds? In amounts less than 1001 Aurum?
Have no fear! We have a solution so simple, you will be smacking your forehead wondering why you didnt think of it yourself!
Its a solution to solve your very serious dilemma. A solution which is the Mother Of All Solutions, or MOAS.
MOAS helps the serious pod pilot chart his(1) course through New Eden in both safety and assurety of their assets.
Are you ready for the solution? Are you ready!?!? I cant hear you. ARE YOU READY!!!!!!!!!

Buy a plex(2) on the market and turn it into aurum thus bringing your total balance above the minimum limit!

Huzzah!
\o/
Dance!
\\o
Dance!
o//
Swing!
\o__o/

Fine print: (1)His includes the gender pronouns of Her, them, they, zee, and any other of the 97 genders and counting that people have figured out they are because we are a gender inclusive group and dont want to trigger anyone into a protest that may well give them a heart attack.
(2)There was no leak of information on this aurum change ahead of time. Many people are able to figure out that if they buy a plex on the market and bring up their minimum Aurum balance, they wont lose any aurum they previously bought. This created more demand on the market for PLEX and thus the price rose a bit.

Just FYI, I noticed some sales in the Aurum store. I don't know if it's related to this, but if it is I think that's a nice compromise for CCP. Drop prices on some skins and things so people can clear out their sub-1000k Aurum accounts. If anyone got Aurum thinking it would be worth anything more than cosmetic items they were idiots. That's all Aurum was for.

My account is over 10yo. On an alt I never use I think I have about 2.4k Aurum or something, so I'm assuming that's what everyone else has who was here for all the free Aurum . That account will get the PLEX equivalent: so that's pretty good for no work into the system. I saw a reddit post by a CSM 8 guy who said he thinks the sub-1000k accounts will lose unused Aurum. Honestly the whole thing seems pretty good all around now. I'm on board with all of it.

Still... CCP should probably look into the leaks.

Actually Capcu is correct. CCP needs to tread carefully on how they handle Aurum. When people pay real money for a service it is an implied contract agreement between the seller of the service and the buyer. If the seller cancels the delivery of service after taking the buyers money without compensation it can be disputed as a breach of contract and incur a liability to the seller. There are states in the US with very liberal consumer protection laws in which this type of action could invite the dreaded class action by an opportunistic firm.

CCP should not chance it and compensate players having Aurum balances no matter how much, and then impose a new EULA once the change has been made to limit liability from the changes they plan to make.

That's a good question. My accounts haven't ever lapsed, and you have a lot more than me in your idle alts. You must have gotten extra for something somewhere along the line...

Oh, that's easy. I've been thinking about why CCP would denominate PLEX at one five hundredth of it's current value. It would mean the current price of PLEX sold by CCP (about $20 US for one PLEX) would be priced at about $0.04 or 4 cents. That is considerably cheap. Now when the in game market gets too crazy with PLEX prices rising in ISK, players can opt to buy PLEX with real money from CCP. This would give CCP the flexibility to make PLEX offerings at $5 US or even $1, which would equal 25 mini PLEX's. Basically, it would drive players to consider buying PLEX outside the game and directly from CCP which of course adds to their revenue.

It's pretty clever, actually, from a marketing-revenue generating aspect.