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Gunner Cid
The Carebear Stare
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Posted - 2011.06.23 03:24:00 -
[31]
My question is, since PLEX purchased with RL $ = Game Time; if I have a stock pile of 100 plex and CCP shuts down eve, do they have to reimburse me the RL cash value of the PLEX?
Buying PLEX for RL cash is 30 days of Game Time. So the tricky part in my mind is do PLEX represent an implied contract of sorts?
If so this could be a reason why CCP is seeking to balance the input/consumption of PLEX.
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Mu-Shi Ai
The Chrysalis Group
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Posted - 2011.06.23 03:30:00 -
[32]
Originally by: Gunner Cid My question is, since PLEX purchased with RL $ = Game Time; if I have a stock pile of 100 plex and CCP shuts down eve, do they have to reimburse me the RL cash value of the PLEX?
Buying PLEX for RL cash is 30 days of Game Time. So the tricky part in my mind is do PLEX represent an implied contract of sorts?
If so this could be a reason why CCP is seeking to balance the input/consumption of PLEX.
I think the answer to that is likely "no." If all outstanding PLEX had to be reimbursed at the closing of the game, then it stands to logic that PLEX could probably be returned at any time for reimbursement. Which of course would lead to players buying up oodles of PLEX with their vast amounts of ISK and cashing them out whenever they wanted to. I can't imagine it works that way at all.
PLEX is nothing more than an in-game item which, for the time being, can be converted to game time and now to the new Aurum currency. CCP could probably change the uses of PLEX arbitrarily if they wanted to.
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Pok Nibin
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Posted - 2011.06.23 03:34:00 -
[33]
Originally by: David Magnus Sorry, when I said "70 USD not so much" I meant it's not "PEANUTS". As in, it is actually a lot of money for most people.
It's not that $70 is all that much money. It's; is what you are buying with that $70 actually worth $70.
I've got $70 in sofa cushion change layin' around the house. Would I bother to scare it up to buy a roll of toilet paper for $70? (Ummmm....or maybe the question is, would YOU?) It's highly doubtful an intelligent person would pay that much for toilet paper (unless it's gold-inlaid and monogrammed) just to show the house guests he's no chump. Most house guests would look at something like that and think maybe he's a CHIMP.
Rest assured, "most" EVE players (knowing what they know) will look at someone (should the opportunity arise) who has spent that much ISK for Plex for Auro as a pretentious fool; you know, the butt of a joke.
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Kojee
Xinegu Acquisitions
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Posted - 2011.06.23 05:06:00 -
[34]
So... what happened to the economist that worked for CCP? If he's still there, either he wasn't consulted or needs to be fired.
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Claire Voyant
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Posted - 2011.06.23 05:19:00 -
[35]
Originally by: SencneS If they have it on their ledger it's most likely a liability, or some sort of unclaimed credit. Either way PLEXes enter the game faster then they are consumed, so CCP is faced with either a glowing liability, or a growing unrealized gain that they want to realize in order to make their books look awesome!
Over the past week the $99 IP License agreement shows that CCP follow the letter of the law pretty closely, they probably have to. This means that if it's recorded as a liability of time uncollected, or unrealized gain sitting idle have these things be consumed is what CCP want badly as evident by the many examples of CCP prompting their consumption, yet I've only seen a very very small amount of examples of CCP promoting them for ISK gain.
I have written elsewhere about how CCP probably looks at their pre-paid game time liabilities as a proportion of their subscription revenue. For example, prepaid subscriptions probably run about 2-3 times the monthly revenue. If 10% of subscribers pay by plex and they have on average a 10 month supply that would be equivalent to another month of revenue. (But remember, if you go from a paying a 12 month subscription to paying by plex and keep less than six months worth on hand on average you have lowered CCP's balance sheet liabilities, not raised them.) It is possible that CCP's accounting department has pushed for the implementation of mechanisms to "manage" those liabilities, but that does not mean that those liabilities will be aggressively reduced anytime soon.
When you include the license agreement in the discussion, it might mean that CCP is talking to outside investors or partners. For example, Sony might be getting ready to invest in the development of Dust in return for exclusivity. It could be any number of things, but the point is it is probably driven in part by outside business decisions, not necessarily for in-game reasons. Just because you see a dev blog on the subject it doesn't really mean some dev is saying "Hey, I thought of this great new idea to make the game better" it may just mean "this is something the bigwigs told us to do and this is what it will mean for you."
@Mu-Shi: CCP has shareholders, just no public shareholders. And if some of those investors hope to cash out eventually, CCP will probably need to go public or get bought out by a larger public company so yes, getting a handle on liabilities (both the on-balance sheet and off-balance sheet varieties) is something worth doing sooner rather than later.
All this being said, I still think the main reason for implementing aurum on Eve at this point was to pave the way for the merger with the micro-transaction economy of Dust. The problem may be that the hype (whether driven by the marketing department or just the loose canons on the forums) got ahead of itself. This seems to be a reoccurring problem. CCP wants to move incrementally, but we demand that they give us advance notice of what they are planning. When they do, the forums speculate wildly about what will happen and then are disappointed when reality falls short of the speculation.
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Scorpii Zenith
Minmatar Ancient Heat
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Posted - 2011.06.23 06:01:00 -
[36]
You all forget the bling bling factor...
Rich people in real life do buy stuff that doesn't make sence. Like golden nokia mobile phones for example, they are as good for calls and text messages as 20 eur samsung.
By spending that amount of ISK on monocle, you can show that you got ISK. Or that you got money IRL.
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Vaerah Vahrokha
Minmatar Vahrokh Consulting
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Posted - 2011.06.23 06:31:00 -
[37]
Originally by: Gunner Cid My question is, since PLEX purchased with RL $ = Game Time; if I have a stock pile of 100 plex and CCP shuts down eve, do they have to reimburse me the RL cash value of the PLEX?
Buying PLEX for RL cash is 30 days of Game Time. So the tricky part in my mind is do PLEX represent an implied contract of sorts?
If so this could be a reason why CCP is seeking to balance the input/consumption of PLEX.
No, once money becomes a CCP EULA + IP covered items (and PLEXes are an in game item) then it becomes their sole property. At this point they may decide what to do with it, with no restriction.
Auditing | Research | 3rd Party | Collateral Holding | EvE RL Charity |
Lord Valkris
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Posted - 2011.06.23 08:56:00 -
[38]
It occurred to me that the entire point of this may be to encourage people to play Dust. In other words, perhaps there is a cheaper in-game way to get AUR from playing Dust.
Granted, if that's the case, I still think it's stupid, and their timing is absolutely horrible.
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Gillaboo
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Posted - 2011.06.24 18:05:00 -
[39]
Edited by: Gillaboo on 24/06/2011 18:05:36
Sigh... basic economics, folks
Which transaction will sell more often, to more people?
A) the $5 item, or B) the $80 item.
It's all about Price Point and your target demographic... or AT LEAST REALIZING there are multiple demographics that can be marketed to.
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"MONOCLE-FREE" and Proud Of It !!!!!
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Xinlisupreme
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Posted - 2011.06.24 18:55:00 -
[40]
what sells best? a $5 item, or an $80 item priced $5 ?
I think once the prices go down, people who didn't want to pay $80 can & will still buy it for $5. I've been buying my videogames and DVD's like that forever. Just be patient and buy when it's cheap. we're the unfixed, the ever mixed up. here's where we nog longer occur. |
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