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Mad inflation

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Author
Kaivar Lancer
Doomheim
#1 - 2012-03-12 06:34:06 UTC
I kept a list of goods I normally trade from early Dec 2011. I haven't played since then until just now.

Prices across the board are up around 20%. By this rate, the price of everything will double in a year. Is CCP looking at ways of managing isk flow or should I start converting my ISK into "hard" assets like PLEX or trit?
Serene Repose
#2 - 2012-03-12 07:00:23 UTC  |  Edited by: Serene Repose
Funny. Not your post. The situation. There's no currency cap. It'd be untenable as ISK is the reward for playing the NPC end of the game. Run missions. Get paid. As it's a reward for effort schemata, adjusting mission payouts to control inflation would be anathema. Normally, as you say, controlling inflation involves controlling the money supply, however there's no central government that prints ISKs. So, there's no printing press to turn off and on. The idea of using interest rates to control inflation wouldn't work here, since all banks are suspected at scams, and rightly so. Just add this on the pile which numerically exceeds human possibility.

Edit: Let's call it "madflation".

We must accommodate the idiocracy.

Valei Khurelem
#3 - 2012-03-12 07:05:44 UTC
When a currency spirals out of control then the prices will just keep rising for as long as the people distributing the currency can keep it up. Thankfully in real life economics, there are real rules that even a government can't break, so eventually what will happen is that the prices are going to reset and the currency if it is messed with even more will simply collapse and everyone will lose interest however.

What you're going to see in EVE is these massive price rises will continue for ages and ages because this isn't a realistic economy and CCP doesn't follow the same rules. Things will get a lot more expensive for mission runners etc. but will probably stay the same for industrials and we'll just have to build all our own stuff and use bartering instead of ISK to get by.

If you've got items etc. hold onto them now, I actually reckon PLEX selling will become pretty meaningless soon because the prices will get ridiculous that no one normal will want to buy it, personally I wish CCP would simulate a currency crash and switch to Aurum.

"don't get us wrong, we don't want to screw new players, on the contrary. The core problem here is that tech 1 frigates and cruisers should be appealing enough to be viable platforms in both PvE and PvP."   - CCP Ytterbium

Xyla Vulchanus
Players vs. EVE
Goonswarm Federation
#4 - 2012-03-12 07:22:11 UTC
Kaivar Lancer wrote:
I kept a list of goods I normally trade from early Dec 2011. I haven't played since then until just now.

Prices across the board are up around 20%. By this rate, the price of everything will double in a year. Is CCP looking at ways of managing isk flow or should I start converting my ISK into "hard" assets like PLEX or trit?


It's going to continue. CCP have created an environment where the majority of players now either have a bot or are making billions a month in the free-flowing isk avalanche that is Incursions. It's probably the biggest problem facing the game right now. People are less inclined to rat, mission run, explore or mine (because what's the point?) and the special and rarely seen is now commonplace and mundane.
baltec1
Bat Country
Pandemic Horde
#5 - 2012-03-12 07:23:16 UTC
More like 30% for many of the ships I build. CCP need to turn turn the Incursion tap off before it's too late.
Kaivar Lancer
Doomheim
#6 - 2012-03-12 07:47:13 UTC
baltec1 wrote:
More like 30% for many of the ships I build. CCP need to turn turn the Incursion tap off before it's too late.


True. What's happening is that the real value of mission rewards (ISK) is declining every day. Over time, people will need to run more and more missions just to buy the same stuff until they reach the point of exhaustion and give up.

PLEX was around 350m a year ago. It is now hovering at 500m. You'll need to run at least 40% more missions than a year ago just to buy a PLEX.
Garmon
Gods Holy Light Bringing You're Penance
#7 - 2012-03-12 07:48:01 UTC  |  Edited by: Garmon
Xyla Vulchanus wrote:


It's going to continue. CCP have created an environment where the majority of players now either have a bot or are making billions a month in the free-flowing isk avalanche that is Incursions. It's probably the biggest problem facing the game right now. People are less inclined to rat, mission run, explore or mine (because what's the point?) and the special and rarely seen is now commonplace and mundane.


This pretty much

It's quite nostalgic to think about how hard it used to be to make a lot of isk, I'm sure CCP will address it some day, but I guess they're keeping to their priorities

Kaivar Lancer wrote:



PLEX was around 350m a year ago. It is now hovering at 500m. You'll need to run at least 40% more missions than a year ago just to buy a PLEX.



30 Day gtc's used to cost 140m or so in 2008 too, pretty funny to think about
I like Duncan
Azure Moonlight
Atomic Core Industries and Science
#8 - 2012-03-12 08:00:16 UTC
Garmon wrote:
[
Kaivar Lancer wrote:



PLEX was around 350m a year ago. It is now hovering at 500m. You'll need to run at least 40% more missions than a year ago just to buy a PLEX.



30 Day gtc's used to cost 140m or so in 2008 too, pretty funny to think about


True. However Plex is a very special case.
People who buy GTCs for real money and sell them ingame as Plex obviously want one thing, they want ISK. So when the price for Plex rises the supply of Plex goes down, because people need to sell less Plex to get the ISK they wanted. And that of course makes the price rise even further.
Thats not how the market for one good normally works, so talking about Plex always is a special case.

However I am worries about the other goods too.

Its high noon they do something about high sec incursions. As always CCP is far to slow to react.

Yay 10 years! :D

Gilbaron
The Scope
Gallente Federation
#9 - 2012-03-12 08:53:33 UTC
dust is gonna be the biggest isk sink ever

stock up on isk if possible :P
Andski
Science and Trade Institute
Caldari State
#10 - 2012-03-12 08:56:42 UTC
I'm predicting no end of posts about moons by ignorant incursion runners.

Twitter: @EVEAndski

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

Garak Jakobs
Aliastra
Gallente Federation
#11 - 2012-03-12 10:04:47 UTC
There's nothing wrong with Incursions. The option is there for anyone and everyone to go to an Incursion system and take part. Those who are moaning and bitching about it have some form of bad feeling towards it for no good reason.

Do we moan about all the Tech moons constantly like you guys do? nope...

Incursions is maybe the fastest way to make isk yes indeed but it is deserved because the majority of subs come from empire people. That is a fact.

If you continue to take away every isk making solution to high sec subs will fall drastically.

It may be in CCPs interest to change them around slightly as they do with everything [just look at PI] I cannot see it changing too much.
baltec1
Bat Country
Pandemic Horde
#12 - 2012-03-12 10:13:09 UTC
Garak Jakobs wrote:
There's nothing wrong with Incursions. The option is there for anyone and everyone to go to an Incursion system and take part. Those who are moaning and bitching about it have some form of bad feeling towards it for no good reason.

Do we moan about all the Tech moons constantly like you guys do? nope...

Incursions is maybe the fastest way to make isk yes indeed but it is deserved because the majority of subs come from empire people. That is a fact.

If you continue to take away every isk making solution to high sec subs will fall drastically.

It may be in CCPs interest to change them around slightly as they do with everything [just look at PI] I cannot see it changing too much.


It the amount of isk being injected that is the problem. Moon goo adds no isk so its of no impact.

Incursions need a nerf to stop the hyper inflation otherwise we will lose subs because stuff will become too expensive for anyone not running incursions or ratting/missioning 23.5/7.

At the current rate ships will double in price before the year is out.
Tippia
Sunshine and Lollipops
#13 - 2012-03-12 10:28:50 UTC
Andski wrote:
I'm predicting no end of posts about moons by ignorant incursion runners.

Garak Jakobs wrote:
There's nothing wrong with Incursions. The option is there for anyone and everyone to go to an Incursion system and take part. Those who are moaning and bitching about it have some form of bad feeling towards it for no good reason.

Do we moan about all the Tech moons constantly like you guys do? nope...
This just in: Andski outed as weirdo psychic.

Garak: learn how the economy works. Incursions contribute to inflation because they are a source of ISK injected out of nowhere (an ISK faucet). Moon do not contribute to inflation because they do no inject any ISK, but rather inject materials that other people spend money on (they're a materials faucet) — in fact, they counter inflation by balancing out the increased ISK by increasing the amount of stuff in the game.
JitaPriceChecker2
Doomheim
#14 - 2012-03-12 10:46:24 UTC
Garak Jakobs wrote:
There's nothing wrong with Incursions. The option is there for anyone and everyone to go to an Incursion system and take part. Those who are moaning and bitching about it have some form of bad feeling towards it for no good reason.

Do we moan about all the Tech moons constantly like you guys do? nope...

Incursions is maybe the fastest way to make isk yes indeed but it is deserved because the majority of subs come from empire people. That is a fact.

If you continue to take away every isk making solution to high sec subs will fall drastically.

It may be in CCPs interest to change them around slightly as they do with everything [just look at PI] I cannot see it changing too much.


Not empty quoting another post "There is nothing wrong with incursions let the game be destroyed for my amusement"


Tenebrae Syrennis
Abattoir Research and Development
#15 - 2012-03-12 11:47:45 UTC
baltec1 wrote:
Garak Jakobs wrote:
There's nothing wrong with Incursions. The option is there for anyone and everyone to go to an Incursion system and take part. Those who are moaning and bitching about it have some form of bad feeling towards it for no good reason.

Do we moan about all the Tech moons constantly like you guys do? nope...

Incursions is maybe the fastest way to make isk yes indeed but it is deserved because the majority of subs come from empire people. That is a fact.

If you continue to take away every isk making solution to high sec subs will fall drastically.

It may be in CCPs interest to change them around slightly as they do with everything [just look at PI] I cannot see it changing too much.


It the amount of isk being injected that is the problem. Moon goo adds no isk so its of no impact.

Incursions need a nerf to stop the hyper inflation otherwise we will lose subs because stuff will become too expensive for anyone not running incursions or ratting/missioning 23.5/7.

At the current rate ships will double in price before the year is out.


Troof!

Myrmidons (to name just one item) are ca.ISK 48mn in Jita as of about 3 hours ago (just before I logged). They were ca. ISK 27-29mn just about 5-6 months ago.

CCP, you need to stop listening to the over-entitled whingebabies and just nerfbat Incursion-income, hard.

I have come to eat all your brains.

Ryoko Matsu
Ministry of War
Amarr Empire
#16 - 2012-03-12 11:57:32 UTC
i´d like to have 0sec rats be indexed to the inflation =;O)
as other carebeard thingies like missions...

i´ve returned after 2 years of abstinence from eve...the inflation hit hard...

trit was around 2,8-3 back then (as far as i recall)

and yes there are more players around but they also need more stuff...
and ratting-bots etc were also present in that days...

the only thing that changed in the meantime were incursions...

...hmm...maybe...

ok no more incursion whining Roll
Killer Gandry
The Concilium Enterprises
#17 - 2012-03-12 11:59:38 UTC
So the people hoarding in Zydrine in the hopes of a dronepoo change have absolutly nothing to do with this inflation.

Ow and there are plenty of traders who have more than enough Isk to haord a damn lot of Zydrine to influence the market substantially.

Next to that the DRF brings less Zydrine to the markets also because the possebility of dronepoo getting hit.

My only hope would be that CCP does NOT change drone drops for a while yet and keep the development and eventual change secret so that the markets can't be played like that anymore.
This would cost the specualtors a lot of Isk this time and make them rethink about doing it on such a wide scale again.

If CCP does change the drone drop in the next expansion as the rumors are spread then they just admit they themselves can't even hold off information which influence the game a lot and have jumped even more Isk into the hands of the entities which already own a large part of the cash ingame. (and which in my opinion are also ofcourse various CCP employees and their best buds)

baltec1
Bat Country
Pandemic Horde
#18 - 2012-03-12 12:41:53 UTC
Killer Gandry wrote:
So the people hoarding in Zydrine in the hopes of a dronepoo change have absolutly nothing to do with this inflation.




No they don't. That happened in the last few days and is only temporary.
gfldex
#19 - 2012-03-12 12:56:48 UTC
Garak Jakobs wrote:
The option is there for anyone and everyone to go to an Incursion system and take part.


And that's what happens. There are plenty of miners that are running incursions now because it's silly not to. You still spend hours in front if a simple game but the income is a lot better. It wont change until a hulk in highsec can outmine the average incursion runner. Thanks to the drone region (bots) high mins could drop in price to more or less even out the price increase in low mins so far.

When (or if) drone poo gets changed to ISK that counter wont work either. The economy will do what it's meant to do. Even out the income gap between incursion runners and highsec miners and mission runners that pick up loot. Expect ship prices to triple relative to where they where before Incursion.

The whining will be endless.

If you take all the sand out of the box, only the cat poo will remain.

Steve Ronuken
Fuzzwork Enterprises
Vote Steve Ronuken for CSM
#20 - 2012-03-12 13:29:19 UTC
Just feel the need to put this in.

https://xkcd.com/605/

Woo! CSM XI!

Fuzzwork Enterprises

Twitter: @fuzzysteve on Twitter

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