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Saving Face
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Posted - 2011.06.18 21:33:00 -
[91]
Originally by: Miilla
You will also find that the banknotes have a time limit and they get recalled periodically for various reasons. Prevention of diseases, anti fraud, reissuing etc.
No, I won't. They are not allowed to have a time limit here. Recalls do not affect my private stash at all.
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Miilla
Minmatar Hulkageddon Orphanage
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Posted - 2011.06.18 21:35:00 -
[92]
Originally by: Terrante Edited by: Terrante on 18/06/2011 21:29:52
Originally by: Miilla
It should be deducable from their finance reports if you can find the register and factor out all their other liabilities and check with the ingame markets and perhaps killboards.
Yeah, prolly could. But I don't know if you can find a public register of their financial reports. Wouldn't know what Icelandic law is in respect of privatly held companies.
It just came to me by the way, that PLEX are prolly CCP accountant's worst nightmare. They are basically a liability without an expiry date on them. So if the PLEX stockpile gets huge there is a chance of the liabilty becomming too high, plus it would prolly severly disrupt the cash-flow CCP gets.
It would have been much better from a CCP viewpoint to have put expiry dates on all of the PLEX.
No, they should just keep GTC's and keep plex as an INGAME Item, nothign special (as they say on their wiki and new undockability feature of PLEXs and this is what I think they are trying to do really). When you get a GTC, it is between you and the retailer under trading law (in the UK for example), then it is up to the retailer to handle THEIR supplier, your trade was with the retailer, not CCP.
Now, if we purchased GTC's then CONVERTED them to ingame items, we have therefore removed the financial liability.
No need for timelimits.
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Saving Face
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Posted - 2011.06.18 21:38:00 -
[93]
Originally by: Miilla
Now, if we purchased GTC's then CONVERTED them to ingame items, we have therefore removed the financial liability.
I doubt there is a difference. When you buy a PLEX directly from CCP, you're explicitly buying an "ingame item that can be used to pay for your subscription". You're not buying game time. There is no liability.
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Miilla
Minmatar Hulkageddon Orphanage
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Posted - 2011.06.18 21:39:00 -
[94]
Edited by: Miilla on 18/06/2011 21:40:36
Originally by: Saving Face
Originally by: Miilla
You will also find that the banknotes have a time limit and they get recalled periodically for various reasons. Prevention of diseases, anti fraud, reissuing etc.
No, I won't. They are not allowed to have a time limit here. Recalls do not affect my private stash at all.
When I say time limit I mean lifetime, I don't mean it loses its face value over time, the bank will redeem the old note for a new NOTE AT THE SAME FACE VALUE. Sure you will lose due to inflation :).
You can trade that note with collectors for higher value, but the face value remains at the point of redemption at that issuing bank.
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Saving Face
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Posted - 2011.06.18 21:42:00 -
[95]
Originally by: Miilla
When I say time limit I mean lifetime, I don't mean it loses its face value over time, the bank will redeem the old note for a new NOTE AT THE SAME FACE VALUE. Sure you will lose due to inflation :).
Sure, it will redeem it if I ask them. How is this relevant? I am not obliged to exchange old notes for new ones. It's convenient that I can, since they might change the legal tender again if the Euro fails or something, but I don't have to.
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Miilla
Minmatar Hulkageddon Orphanage
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Posted - 2011.06.18 21:44:00 -
[96]
Edited by: Miilla on 18/06/2011 21:45:09
Originally by: Saving Face
Originally by: Miilla
When I say time limit I mean lifetime, I don't mean it loses its face value over time, the bank will redeem the old note for a new NOTE AT THE SAME FACE VALUE. Sure you will lose due to inflation :).
Sure, it will redeem it if I ask them. How is this relevant? I am not obliged to exchange old notes for new ones. It's convenient that I can, since they might change the legal tender again if the Euro fails or something, but I don't have to.
See my other comments from the BoE website? All banks are aiming at one goal, remove linking from physical metals (Gold). They have done this by and large yet people still think the notes are promisary notes to get a value of metal. Nope. Not now. That is why they are called fait currencies, THE "PROMISE" HAS NO LONGER THE SAME MEANING as it did when it was "linked" to gold.
Go ask a Brit if their money is linked to gold, most confuse the TREASURY for GOLD. Nope. 2 different things, sure the BoE is back by the TREASURY, so is BONDS, but not gold.
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Terrante
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Posted - 2011.06.18 21:47:00 -
[97]
Originally by: Miilla
See my other comments from the BoE website? All banks are aiming at one goal, remove linking from physical metals (Gold). They have done this by and large yet people still think the notes are promisary notes to get a value of metal. Nope. Not now. That is why they are called fait currencies, THE "PROMISE" HAS NO LONGER THE SAME MEANING as it did when it was "linked" to gold.
Go ask a Brit if their money is linked to gold, most confuse the TREASURY for GOLD. Nope. 2 different things, sure the BoE is back by the TREASURY, so is BONDS, but not gold.
Yes, basically a banknote is nothing but a piece of paper in which we trust to get something for
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Miilla
Minmatar Hulkageddon Orphanage
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Posted - 2011.06.18 21:49:00 -
[98]
Edited by: Miilla on 18/06/2011 21:51:45
Originally by: Terrante
Originally by: Miilla
See my other comments from the BoE website? All banks are aiming at one goal, remove linking from physical metals (Gold). They have done this by and large yet people still think the notes are promisary notes to get a value of metal. Nope. Not now. That is why they are called fait currencies, THE "PROMISE" HAS NO LONGER THE SAME MEANING as it did when it was "linked" to gold.
Go ask a Brit if their money is linked to gold, most confuse the TREASURY for GOLD. Nope. 2 different things, sure the BoE is back by the TREASURY, so is BONDS, but not gold.
Yes, basically a banknote is nothing but a piece of paper in which we trust to get something for
Yes, it is amazing the amount of ignorance by the public by and large with regard to what they value most.
MONEY.
How does one control a person, by their debts How does one control a legal entity, by their debts How does one control a bank, by their debts.
see a pattern..
And yes people have taken on banks playign their own game, and the bank panics, and they win.
You just have to be knowledgable and willing to play their game on them.
I can get links if you want where this has happened recently, a guy foreclosed on a BANK that owned him money, he siezed the BANK LEGALLY!
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Terrante
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Posted - 2011.06.18 21:52:00 -
[99]
Originally by: Miilla
Yes, it is amazing the amount of ignorance by the public by and large with regard to what they value most.
MONEY.
As opposed to EVE. Why are ppl stockpiling PLEX or TechII BPO's. Because they do not fully trust ISK. At least if you have massive amounts of ISK
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Miilla
Minmatar Hulkageddon Orphanage
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Posted - 2011.06.18 21:53:00 -
[100]
Originally by: Terrante
Originally by: Miilla
Yes, it is amazing the amount of ignorance by the public by and large with regard to what they value most.
MONEY.
As opposed to EVE. Why are ppl stockpiling PLEX or TechII BPO's. Because they do not fully trust ISK. At least if you have massive amounts of ISK
I have a stockpile of these wonka tickets.. erm "financial liabiltiies"...
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Saving Face
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Posted - 2011.06.18 21:55:00 -
[101]
Originally by: Miilla See my other comments from the BoE website? All banks are aiming at one goal, remove linking from physical metals (Gold). They have done this by and large yet people still think the notes are promisary notes to get a value of metal. Nope. Not now. That is why they are called fait currencies, THE "PROMISE" HAS NO LONGER THE SAME MEANING as it did when it was "linked" to gold.
Sorry, but I never thought that. The gold standard is long past. It was abandoned in the 1930ies and 1940ies because it failed. The successor system (Bretton Woods: currencies tied to US dollar which was convertible to gold) failed in the 1970ies and was likewise abandoned. This is old.
I don't know whether Brits confuse treasury with gold since it is not one of the topics that I typically discuss with the Brits I know.
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Miilla
Minmatar Hulkageddon Orphanage
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Posted - 2011.06.18 21:57:00 -
[102]
Edited by: Miilla on 18/06/2011 21:58:57
Originally by: Saving Face
Originally by: Miilla See my other comments from the BoE website? All banks are aiming at one goal, remove linking from physical metals (Gold). They have done this by and large yet people still think the notes are promisary notes to get a value of metal. Nope. Not now. That is why they are called fait currencies, THE "PROMISE" HAS NO LONGER THE SAME MEANING as it did when it was "linked" to gold.
Sorry, but I never thought that. The gold standard is long past. It was abandoned in the 1930ies and 1940ies because it failed. The successor system (Bretton Woods: currencies tied to US dollar which was convertible to gold) failed in the 1970ies and was likewise abandoned. This is old.
I don't know whether Brits confuse treasury with gold since it is not one of the topics that I typically discuss with the Brits I know.
Go to the government savings site in the UK for Bonds (including premium bonds), they claim your purchase is safe, because it is Backed by the TREASURY. you never hear the word gold, or anything else for that matter, but its all safe, it is backed by yet another legal entity.
I love threads like this that go on and on because it makes people run off to research more troll ammo, and then they (myself included) find out something they didn't know or realise a misconception they had.
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Camallll
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Posted - 2011.06.18 22:01:00 -
[103]
wtf is this thread about? and who cares about how many people buy plexes? is this some sort of "i dont like microtranscations/aurum" thread in a camouflage?
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Miilla
Minmatar Hulkageddon Orphanage
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Posted - 2011.06.18 22:02:00 -
[104]
Originally by: Camallll wtf is this thread about? and who cares about how many people buy plexes? is this some sort of "i dont like microtranscations/aurum" thread in a camouflage?
So why did you post again?
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Camallll
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Posted - 2011.06.18 22:03:00 -
[105]
Originally by: Miilla
Originally by: Camallll wtf is this thread about? and who cares about how many people buy plexes? is this some sort of "i dont like microtranscations/aurum" thread in a camouflage?
So why did you post again?
so why did you start this thread again?
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Miilla
Minmatar Hulkageddon Orphanage
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Posted - 2011.06.18 22:04:00 -
[106]
Originally by: Camallll
Originally by: Miilla
Originally by: Camallll wtf is this thread about? and who cares about how many people buy plexes? is this some sort of "i dont like microtranscations/aurum" thread in a camouflage?
So why did you post again?
so why did you start this thread again?
The thread never ended, it only ends when its locked.
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Camallll
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Posted - 2011.06.18 22:05:00 -
[107]
http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1529950 yeah, you seem used to that.
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Miilla
Minmatar Hulkageddon Orphanage
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Posted - 2011.06.18 22:08:00 -
[108]
Originally by: Camallll http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1529950 yeah, you seem used to that.
Shouldn't you be playing Eve?
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Saving Face
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Posted - 2011.06.18 22:11:00 -
[109]
Originally by: Miilla Go to the government savings site in the UK for Bonds (including premium bonds), they claim your purchase is safe, because it is Backed by the TREASURY. you never hear the word gold, or anything else for that matter, but its all safe, it is backed by yet another legal entity.
Sorry, I don't know where you are going with this. Any bank that tries to sell you bonds claims it is safe because they back it ;-)
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Camallll
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Posted - 2011.06.18 22:13:00 -
[110]
Originally by: Miilla
Originally by: Camallll http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1529950 yeah, you seem used to that.
Shouldn't you be playing Eve?
You are surely not playing it by the amounts of whine threads you are opening here. if you are unhappy with the game, please just unsub, leave us alone and stop spamming this board. p.s: you can take akita t and lady spank with you. p.p.s: have fun playing WoT! p.p.p.s:i like how you didnt answer to my link because that thread there is the same as this one just with another title and it got locked a long time ago...as you know..
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Miilla
Minmatar Hulkageddon Orphanage
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Posted - 2011.06.18 22:14:00 -
[111]
Originally by: Camallll
Originally by: Miilla
Originally by: Camallll http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1529950 yeah, you seem used to that.
Shouldn't you be playing Eve?
You are surely not playing it by the amounts of whine threads you are opening here. if you are unhappy with the game, please just unsub, leave us alone and stop spamming this board. p.s: you can take akita t and lady spank with you. p.p.s: have fun playing WoT! p.p.p.s:i like how you didnt answer to my link because that thread there is the same as this one just with another title and it got locked a long time ago...as you know..
Keep bumping :)
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Ender Shadow
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Posted - 2011.06.18 22:22:00 -
[112]
It should be noted that PLEX is LEGAL way for players to buy ISK for real money. Not to increase their own subscription time. Its a lot less expensive to purchase 6 month subscription extension for $71.70 than 6 PLEX pack for $105.
So once PLEX /GTC gets bought and is brought into the game. It is traded on market, or contracts, or trade window for ISK. At that point the original buyer of the PLEXes got what he wanted - ISK and does not care what happens to the PLEX. Now the PLEX is either used by a player to add game time to account or stockpiled/traded by the "speculators" as in buy low sell high crowd.
If you go and stockpile 100 PLEXes in-game it has ISK value and that's all. When its used for account subscription extension it seems its like you spending real money at that point but its NOT real money.
If CCP folds you think it is likely you get real cash back for those 100 PLEXes ? Dream on, you "Paid" ISK for em NOT real cash. Will you be asking for 100 x 380 mil ISK (at current EVE market average) or 38 billion ISK converted to real world currency? It be interesting how you would derive the conversion factor for ISK to real currency.
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Roderak Pleem
Minmatar Abandoned Land
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Posted - 2011.06.18 22:34:00 -
[113]
TL;DR
Miilla has purchased a LOT of PLEX to sell for a profit for vanity items, and is wondering if she should hold onto some just in case CCP goes under (and hopefully get a couple bucks/euros back if they do...)
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