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Thread Statistics | Show CCP posts - 1 post(s) |
GIGAR
Caldari
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Posted - 2010.11.24 07:47:00 -
[1]
I was a bit unsure where to post this, but whatever;
How much is an ISK worth, to the NON-CAPSULEER?
If you are a normal citizen (living on a spacestation or a planet), and have to earn enough to feed yourself for a day, how much ISK is that?
Another question: Would it be possible to BUY a planet? (in lore terms - perhaps in 0.0 sec)
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"I've yet to meet one that can outsmart bullet." - Heavy Weapons Guy |
cpu939
Gallente
Unknown Soldiers
The Spire Collective
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Posted - 2010.11.24 07:58:00 -
[2]
 Originally by: GIGAR
I was a bit unsure where to post this, but whatever;
How much is an ISK worth, to the NON-CAPSULEER?
If you are a normal citizen (living on a spacestation or a planet), and have to earn enough to feed yourself for a day, how much ISK is that?
Another question: Would it be possible to BUY a planet? (in lore terms - perhaps in 0.0 sec)
ok i came thinking isk to rl money post again.
every planet and spacestation would have its own living cost much like every country in the world does, in fact every town/city has a diffrent living cost.
as to buying a planet with the Capsuleer being as rich and as powerfull as they are i can't see why not.
0101011 001101111 011011000 110000101110100 01101001011011000 1100101001000000 1001110011000010 11101000111010101 11001001100101
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Lutz Major
Austriae Est Imperare Orbi Universo
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Posted - 2010.11.24 07:59:00 -
[3]
Base price of Quafe is about ISK 50. As it is 'the most popular soft drink in the universe' you may set it's price in relation with RL soft drinks.
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Laedy
Mad Bombers
HYDRA RELOADED
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Posted - 2010.11.24 08:07:00 -
[4]
Originally by: Lutz Major
Base price of Quafe is about ISK 50. As it is 'the most popular soft drink in the universe' you may set it's price in relation with RL soft drinks.
Yeah but surely, when buying Quafe of the market, you're buying a whole case or shipment of the stuff, not just 1 can/bottle of it. Right?
My EVE blog http://laedyinred.blogspot.com/
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Antihrist Pripravnik
4S Corporation
Morsus Mihi
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Posted - 2010.11.24 08:13:00 -
[5]
Edited by: Antihrist Pripravnik on 24/11/2010 08:15:12
Originally by: Laedy
Originally by: Lutz Major
Base price of Quafe is about ISK 50. As it is 'the most popular soft drink in the universe' you may set it's price in relation with RL soft drinks.
Yeah but surely, when buying Quafe of the market, you're buying a whole case or shipment of the stuff, not just 1 can/bottle of it. Right?
You are buying 0.1m3 of it which equals roughly to 100 liters.
2 liters of Coke (here) = 1 euro
2 liters of Quafe = 1 ISK
Thus ISK = Euro
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chriskun
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Posted - 2010.11.24 08:18:00 -
[6]
man those plebeians are poor :P
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GIGAR
Caldari
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Posted - 2010.11.24 08:19:00 -
[7]
Originally by: Antihrist Pripravnik
Edited by: Antihrist Pripravnik on 24/11/2010 08:15:12
Originally by: Laedy
Originally by: Lutz Major
Base price of Quafe is about ISK 50. As it is 'the most popular soft drink in the universe' you may set it's price in relation with RL soft drinks.
Yeah but surely, when buying Quafe of the market, you're buying a whole case or shipment of the stuff, not just 1 can/bottle of it. Right?
You are buying 0.1m3 of it which equals roughly to 100 liters.
2 liters of Coke (here) = 1 euro
2 liters of Quafe = 1 ISK
Thus ISK = Euro
Sounds like that makes sense, thanks! :D
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"I've yet to meet one that can outsmart bullet." - Heavy Weapons Guy |
Vikarion
Caldari
Blackened Steel
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Posted - 2010.11.24 08:29:00 -
[8]
Edited by: Vikarion on 24/11/2010 08:31:07
Originally by: Antihrist Pripravnik
You are buying 0.1m3 of it which equals roughly to 100 liters.
2 liters of Coke (here) = 1 euro
2 liters of Quafe = 1 ISK
Thus ISK = Euro
Actually, if there's any realism, you are buying the powder that is added to the carbonated water in order to create a soft drink. It's not wise to make assumptions off the package size, either, as Eve package sizes are...inaccurate (if they aren't, then Minnie guns are shooting very thin pancakes, not exactly canon).
In any case, this has been answered in Eve News: a very small amount of ISK, left as a tip in Jita, can set a lucky waiter/waitress up for life. In the Eve Chronicle "Prosopagnosia", the main character has never had ISK until he signs up for a whole year of service on a capsuleer ship. As well, a benchmark I've heard tossed around is that 1,000 ISK can set up a planet-side family for the remainder of their natural lives.
So, it would seem that ISK is pretty valuable.
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Culmen
Caldari
Blood Phage Syndicate
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Posted - 2010.11.24 09:14:00 -
[9]
Edited by: Culmen on 24/11/2010 09:17:26
Originally by: GIGAR
Originally by: Antihrist Pripravnik
Edited by: Antihrist Pripravnik on 24/11/2010 08:15:12
Originally by: Laedy
Originally by: Lutz Major
Base price of Quafe is about ISK 50. As it is 'the most popular soft drink in the universe' you may set it's price in relation with RL soft drinks.
Yeah but surely, when buying Quafe of the market, you're buying a whole case or shipment of the stuff, not just 1 can/bottle of it. Right?
You are buying 0.1m3 of it which equals roughly to 100 liters.
2 liters of Coke (here) = 1 euro
2 liters of Quafe = 1 ISK
Thus ISK = Euro
Sounds like that makes sense, thanks! :D
I would like to point out one thing.
First, the weight of that .1 m3 is 500 kg.
This means that quafe has a density of 5 g/cm3.
For comparison liquid iron has a density of 6.98 g/cm3.
Coke on the other hand has a density of 1.11 g/cm3
so assuming that coke and Quafe have the same density for consumption
500,000 g / (1.11 g/cm3) = 450,450.450(repeating)cm3s of Quafe
~450 liters of Quafe.
2 liters of Coke = 1 euro
450 liters of Coke = 225 euros
450 liters of Quafe = 50 isk
so 50 isk = 225 euros
1 isk = 4.5 euros
We can also conclude that Quafe has a heck of alot of compression for transport.
and further more why do i even need a sig? |
Token Prophets
Walking Ghost Phase
C0NVICTED
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Posted - 2010.11.24 09:32:00 -
[10]
Perhaps the ISK is the currency used by pod pilots and similar.
Local currencies that vary from region to region and often planet to planet are called various things but their "dollar" are all fractions of an ISK, so the locals have a smaller currency for their "smaller" lives.
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Thuul'Khalat
Gallente
Veto Corp
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Posted - 2010.11.24 10:04:00 -
[11]
Originally by: Token Prophets
Perhaps the ISK is the currency used by pod pilots and similar.
Local currencies that vary from region to region and often planet to planet are called various things but their "dollar" are all fractions of an ISK, so the locals have a smaller currency for their "smaller" lives.
And we have a winner! ISK is for the most part only used in the space economy.
When trying to make any conversion, it's best to look at basic stuff. So let's look at wheat.
Base price is 100ISK/unit
1 unit = 1 tonne
In the real world, 1 tonne of wheat at the moment costs around $270, giving us an ISK value of 1 ISK = $2.7
However, this gives us new problems.
Do you really expect even in the future to be able to buy a fully working spaceship for $30'000?
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Merdaneth
Amarr
Angel Wing.
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Posted - 2010.11.24 10:19:00 -
[12]
Short answer:
CCP didn't really concern itself with a sensible value of isk when pricing many commodities. Additionally, the Chronicle isk values are detached from in-game realites. Hence, a sensible translation of isk value to real-life currency cannot be made from available data.
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The Illusion of Freedom | The Truth about Slavery |
FeralShadow
Black Storm Cartel
The Orca Syndicate
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Posted - 2010.11.24 10:22:00 -
[13]
Edited by: FeralShadow on 24/11/2010 10:23:13
how about a direct correlation?
One 30 day PLEX = 360,000,000 isk (average)
30 days of play time = 15.00 USD
Using this straight up example, a single dollar is then worth 24,000,000 isk, so a single penny is then worth 240,000 isk. Thusly, a single isk is currently worth 1/250,000 of a penny
If you wanted to calculate how much RL money someone scammed you out of, or how much RL money a certain alliance takeover is worth, for example, you can simply use this. (though, it's not very RP i suppose).
A billion isk is worth about 45 USD, so someone who stole 10bil would have made 450 bucks. Someone who stole 100mil would have made 4,500 dollars. I believe that's how much the goonswarm exec made off with. Pretty impressive when you think about it then.
This also has nothing to do with how much an isk is worth to a non-capsuleer in Eden. Just some interesting facts.
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"If you want to taste the ground, feel free to attack." - Kenshin Himura
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Taria A'nor
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Posted - 2010.11.24 10:26:00 -
[14]
I've been reading an EVE book and I 'believe' that each race has it's own currency. eg. Federation Credits.
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Chesty McJubblies
Gallente
Center for Advanced Studies
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Posted - 2010.11.24 12:07:00 -
[15]
1 isk is worth 1 isk. Every other comparison is wrong. I mean wait 30 seconds and it'll be wrong.
Suggestion: Remove the "new topic" button from everywhere apart from the list of topics section within a subforum.
That'd save those with chronic hand/eye coordination some face. |
Marchocias
Snatch Victory
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Posted - 2010.11.24 12:15:00 -
[16]
I always assumed each isk is somewhere between 10,000 and 10,000,000 dollars approximately.
This is just based on the notion that even a small spaceship should be costing billions of dollars.
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I belong to Silent Ninja (Hopefully that should cover it). |
Orion GUardian
Caldari
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Posted - 2010.11.24 12:18:00 -
[17]
@Quafe:
Yes its density is about 5g/cm¦ that means: Its hardly a liquid. Its most likely 500kg of Quafe powder perhaps its even only the "standard ingredients" that are needed so that would account to "a few grams of stuff per litre of quafe" thus: ISK is alot MORE than a few Euro.
Think about the cost of Spcaeships....a few thousand ISK for a Frigate the size of a 747...how much do you pay for a Jet nowadays? 50million for s small Gulfstream,
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000Hunter000
Gallente
Industrial Exploits
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Posted - 2010.11.24 12:27:00 -
[18]
Apparently podpilots are regarded as demigods cuz they live forever. So it should be reasonable that the demigods currency is extremely valuable as well.
I also read somewhere a while ago that isk is only traded between podpilots and planetdwellers most likely will never get their hands on any.
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Culmen
Caldari
Blood Phage Syndicate
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Posted - 2010.11.24 12:32:00 -
[19]
Edited by: Culmen on 24/11/2010 12:34:25
Originally by: Orion GUardian
@Quafe:
Yes its density is about 5g/cm¦ that means: Its hardly a liquid. Its most likely 500kg of Quafe powder perhaps its even only the "standard ingredients" that are needed so that would account to "a few grams of stuff per litre of quafe" thus: ISK is alot MORE than a few Euro.
Think about the cost of Spcaeships....a few thousand ISK for a Frigate the size of a 747...how much do you pay for a Jet nowadays? 50million for s small Gulfstream,
I actually did a calculation of based on dilution with water.
Interestingly enough water in game has close to the right density in game.
I came up with something like 99.7718% water to get the right density.
So it's pretty much entirely the price of water.
Which kind of defeats the purpose of the entire exercise.
Soda prices tend to be based entirely on ability to pay, it's a luxury good.
Somewhat impervious to scarcity.
Water on the other hand is almost entirely dependent on scarcity..
and further more why do i even need a sig? |
Gemberslaafje
Vivicide
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Posted - 2010.11.24 12:49:00 -
[20]
Google sez:
1 ISK = 0,00413606668 euro's
dang, spaceships are cheap nowadays, just 5000 euros. Ah, the age of advancement.
---
Creator of the Eve Character Appraiser:
http://gemblog.nl/skill/
Also a spy. |
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CCP Navigator
C C P
C C P Alliance
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Posted - 2010.11.24 13:07:00 -
[21]
Pretty sure that 1 ISK = this.
Navigator
Senior Community Representative
CCP Hf, EVE Online
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De'Veldrin
Minmatar
Green-Core
The Obsidian Legion
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Posted - 2010.11.24 13:45:00 -
[22]
Originally by: CCP Navigator
Pretty sure that 1 ISK = this.
/thread
--Vel
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Selene D'Celeste
Caldari
The D'Celeste Trading Company
ISK Six
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Posted - 2010.11.24 14:56:00 -
[23]
Originally by: CCP Navigator
Pretty sure that 1 ISK = this.
You think you're so clever! Based on this falsification of value I think we need to go over this.
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Ti'anla
Minmatar
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Posted - 2010.11.24 16:29:00 -
[24]
Edited by: Ti''anla on 24/11/2010 16:29:17
Did anyone raise that bit of the fluff that said you could basically retire planet-side anywhere on a single ISK, yet?
Because yeah, that's in the official lore somewhere.
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Ehranavaar
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Posted - 2010.11.24 17:04:00 -
[25]
Originally by: Marchocias
Edited by: Marchocias on 24/11/2010 12:18:26
I always assumed each isk is somewhere between 10,000 and 10,000,000 dollars approximately.
This is just based on the notion that even a small spaceship should be costing billions of dollars.
if you consider a shuttle as being worth about as much as a good cessna prop job you should be in the right area. they fullfill similar roles after all.
trying to figure isk to dollars from commodity pricing will just drive you nuts as it's not at all consistent or reasonable.
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Narisa Bithon
Caldari
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Posted - 2010.11.24 18:01:00 -
[26]
1.00 ISK = 0.00872981 USD
1.00 ISK = 0.00653023 EUR
1.00 ISK = 0.00553029 GBP
according www.xe.com currency convetor website
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Herping yourDerp
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Posted - 2010.11.24 18:14:00 -
[27]
if i was an average guy, i would mine for 2 days and be a millionaire.
explain to me how any of the races have Homeless
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Chribba
Otherworld Enterprises
Otherworld Empire
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Posted - 2010.11.24 18:14:00 -
[28]
So when can we pay our FanFest package with ISK?
Secure 3rd party service | my in-game channel 'Holy Veldspar' |
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Syn Callibri
Minmatar
21st Eridani Lighthorse
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Posted - 2010.11.24 18:22:00 -
[29]
1 ISK is worth...ummm...1 ISK? 
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Midday Toker
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Posted - 2010.11.24 18:23:00 -
[30]
I believe I read in a chronical or something that the average planet dweller was lucky to make 10,000 isk in a life time or a year or some ****
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Tyber Zaan
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Posted - 2010.11.24 19:24:00 -
[31]
Originally by: Midday Toker
I believe I read in a chronical or something that the average planet dweller was lucky to make 10,000 isk in a life time or a year or some ****
This.
Think about it, we are purchasing millitary-grade spaceships and weapon systems, and those are not cheap.
There is a reason that the intro to eve says "If you are patient, you can amass the wealth of empires."
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Vincent Athena
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Posted - 2010.11.24 20:32:00 -
[32]
Edited by: Vincent Athena on 24/11/2010 20:33:08
I looked a the cost of water and various metals to get some conversion rates
Item............$ per ISK
Water...........4
Cobalt..........215
Chromium.....4
Platinum........432552
Tungsten........1158
Vanadium.......90
I see platinum as an anomaly, there is more in space than on earth, so it should be cheaper than the earth price.
But still, the range is $4 per isk to maybe $1000. So for a space station resident to feed themselves for a day, maybe around 0.02 to 3 isk?
This has implications for incarna. A basic set of clothes should only cost a few isk. Something good, a few hundred, and something you wear on the red carpet, a few tens of thousands. Furnishing your quarters should also be thousands to 100's of thousands depending on the luxury level.
Now, can I have a wireless hookup to my implants so I can sit in the hot tub with the exotic dancers while flying my hulk?
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Raid'En
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Posted - 2010.11.24 20:48:00 -
[33]
Edited by: Raid''En on 24/11/2010 20:50:02
there's something wrong on this story ;
if ISK is this valuable for normal citizen, then any planet of known space must been filled with very rich people, because a demigod will buy something one day here, even it's the worst planet of the eve cluster. and in that case, the governement will collect taxes from either the trade or/and the corporation who live on this planet. (or capsulers having PI here) and at a moment part of this money will be given to citizens.
but anyway, WTB Jita IV, 1 000 ISK :P
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** Wormhole Trading ** |
LOL56
First Flying Wing Inc
ROMANIAN-LEGION
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Posted - 2010.11.24 21:06:00 -
[34]
One thing i would like to point out is that were NOT buying military grade weapons/ships most of the time, what the heck do you think a navy apoc or federation mag stab is?
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Thuranni
Eldjotnar
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Posted - 2010.11.24 21:25:00 -
[35]
Originally by: LOL56
One thing i would like to point out is that were NOT buying military grade weapons/ships most of the time, what the heck do you think a navy apoc or federation mag stab is?
Considering how easily faction navy ships are slaughtered by anyone competent enough to run a level 4 mission, I'd say that our stuff is vastly above military grade.
ISK is a whole lot of money. A chronicle in some EON (I think) mentions that a 1 year tour on a capsuleer ship (which has a astronomical crew mortality rate) for a trained specialist nets him a couple of hundred ISK. That's one year of extremely dangerous work for a trained specialist.
Originally by: Taria A'nor
I've been reading an EVE book and I 'believe' that each race has it's own currency. eg. Federation Credits.
Yes, ISK is only used for extremely high value transactions, mostly by capsuleers, the super wealthy, and governments. Each faction has it's own currency, with some probably having multiple ones.
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LOL56
First Flying Wing Inc
ROMANIAN-LEGION
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Posted - 2010.11.24 22:51:00 -
[36]
The state has 8 different currency, one kind of corporate scrip for each megacorp on the executive council. i don't think currency is examined this closely for any of the other factions.
I don't think we can take about the difficult of missions as canon, you ever run a pirate faction DED kill mission? easiest missions ever, which is totally out of line with the advanced jovetek fit CONCORD ships I see in jita. |
Lily Fair
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Posted - 2010.11.24 23:04:00 -
[37]
This has been discussed to death on several occasions before, and some witty folk always come up with a source link to something that points out that isk is a currency only used in space.
As far as I know, one unit of isk is ****loads of money on any planet when converted. This is apparently, what the lore states, who knows where, and does not reflect actuality with goods in space and their prices.
So if you lived planet side, and you had 1 isk, you could be considered wealthy.
My personal buttfeeling approximates 1 isk anywhere around 50,000->999,999
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Mr LaForge
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Posted - 2010.11.25 00:40:00 -
[38]
ISK < Veldspar. This is fact.
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Crumplecorn
Gallente
Eve Cluster Explorations
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Posted - 2010.11.25 00:49:00 -
[39]
How long is a piece of string?
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I wish I was a three foot tall doll with a watering can and heterochromatic eyes |
Azimota
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Posted - 2010.11.25 02:07:00 -
[40]
Edited by: Azimota on 25/11/2010 02:10:03
Originally by: Crumplecorn
How long is a piece of string?
Precisely twice the length from its midpoint to its end.
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Emperor Cheney
Celebrity Sex Tape
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Posted - 2010.11.25 02:42:00 -
[41]
Eve planetary economics make ZERO sense.
Asking what an ISK is worth is like asking the yearly salary of Wyle E Coyote.
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Draco Carollis
Amarr
The Dead Canary Mining Corporation
Talos Coalition
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Posted - 2010.11.25 04:53:00 -
[42]
A guy at eve Uni had a little too much time one day and posted this:
Originally by: "Brititos"
My last days in the uni were fully focused on station spinning. At some point I spined it a bit too much and here is result.
I'm reading one of the EVE novels and started thinking how the normal people on planets compare to us, capsuleers. So I did some math.
Tobacco cost 47 ISK on average for 2500kg a load. A single pack of cigarettes weights about 20g which gives 125,000 packs. A pack costs about ú6 in UK, which gives us ú750,000 for the load worth 47 ISK. That ends in exchange rate of 1 GBP = 0.00006 ISK.
LetÆs do the same calculation for Spiced wine. Load 500 kg will be about 1000 bottles, ú5 each. That gives ú5000 in RL and 424 ISK average in EVE. Exchange rate here is then 1 GBP = 0.085 ISK.
The next is 400kg load of Dairy that costs average of 176 ISK. To make thing simple I took a 1 kg mix of milk, butter and other stuff from Tesco that costs ú 5.27 and gave me exchange rate is then 0.083.
Finally I compared Quafe (500kg a pack, 53 ISK average) to a smoothes from Tesco Actimel (ú2.4 for 8x100g) and Frozen Food (400 kg, 113 ISK average) to frozen burgers from Tesco (ú2.5 for 220g pack). That gave me exchange rates of 0.035 and 0.024.
From the above you can see that tobacco seems to be out of range which may be result of low taxes etc. Nonetheless I decided to throw that one away and did average on all other samples getting exchange rate of 0.05675.
This leads to interesting conclusions. We can easily assume that average salary is about ú26,000 which in eve would be just 1,475.5 ISK. ThatÆs not much if you compare it to 35mil for a fitted Drake that would cost whooping ú616 mil. We can compare that to the new aircraft carrier UK is building which was announced to cost ú3.9 billion that would exchange to 221mil ISK, a cost of Tengu without modules. A carrier from the other hand costs about 750mil ISK which is ú13.2 bil and so on. I will not even go to titans which probably could be compared with the whole UK budget.
All above is pointless but it has interesting perspective when I realised that every salvo of heavy missiles from my drake is roughly equal half a year salary.
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FeralShadow
Black Storm Cartel
The Orca Syndicate
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Posted - 2010.11.25 07:15:00 -
[43]
Edited by: FeralShadow on 25/11/2010 07:16:23
That actually illustrates perfectly what it'd be like if the Euro were the currency of the planets in eve, and the ISK were what we the pod pilots were making. A person with 1500 ISK could live well for a whole year planetside. talk about awesome. I think a lot of us take for granted how much wealth we really do have, as all we know is each other and the market we specialize in. You gotta realize there's a whole sub-set of humanity below us with their own consumer market that we as capsuleers never even touch. ISK isn't the fundamental building block of currency in Eve, it's simply what we the pod pilots deal in. As such, we dont notice the lower value currencies that the masses use.
Just had a thought; imagine how much one enemy pirate ship is worth to a person planetside. Even a lowly frigate is worth about 50,000 ISK. They could live most of their life out easily if they somehow collected the bounty on the pirate frigate. And yet we pop them like flies and go "meh". Wow.
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"If you want to taste the ground, feel free to attack." - Kenshin Himura
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Jaari Val'Dara
Caldari
Atomic Zeppelins
BricK sQuAD.
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Posted - 2010.11.25 07:55:00 -
[44]
Reading all this I wonder how it all happened to be. Basically there are hundreds of thousands of people with wealth comparing to couple of richest people on this planet, others are even wealthier with wealth of empires at their hands. Yet all those people are simple military personnel, how come there's so high demand for capsuleer skills, after all training a capsuleer shouldn't be much harder or expensive than training regular private. |
RiotRick
Samhain.
viperfleet
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Posted - 2010.11.25 09:10:00 -
[45]
ISK is worthless. Just send all you have to me, and be done wondering about it.
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John Holt
Caldari
Celtic Dragon's
Beyond Ascension
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Posted - 2010.11.25 09:20:00 -
[46]
Worlds and common people do not use ISK. ISK is for interstellar use and represents the highest form of money in the galaxy.
A typical worker makes 10,000 ISK in his life time.
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