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Jerry T Pepridge
Meta Game Analysis and Investment INC.
25
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Posted - 2013.02.27 01:49:00 -
[211] - Quote
^ this.
what it wont do is make ppl rush to grab pos's, sperg more mik, less book, more do |
DarthNefarius
Minmatar Heavy Industries
637
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Posted - 2013.02.27 03:40:00 -
[212] - Quote
RubyPorto wrote: Except that ISK is not a Fiat currency. Its closest RL equivalent is specie because the NPC sources are extractive in nature (mining gold = ratting for ISK. Both are activity in return for the creation of money [in a strictly specie-backed monetary system, ofc].).
iNTERESTING... an arguement that ISK is specie and not PLEX or assets... I'll have to think about this one
Ripard Teg-á for CSM 8 |
DarthNefarius
Minmatar Heavy Industries
637
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Posted - 2013.02.27 03:54:00 -
[213] - Quote
mynnna wrote:Well, there is the saying that civil engineers design the targets and mechanical engineers design the bombs.
I doubt they were that needed for Little Boy as much as the physicists ( the materials though very much required MECH-E's or CHEM-E's for spinning Uranium Hexafluoride? ) Ripard Teg-á for CSM 8 |
RubyPorto
SniggWaffe YOUR VOTES DON'T COUNT
2892
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Posted - 2013.02.27 03:54:00 -
[214] - Quote
DarthNefarius wrote:RubyPorto wrote: Except that ISK is not a Fiat currency. Its closest RL equivalent is specie because the NPC sources are extractive in nature (mining gold = ratting for ISK. Both are activity in return for the creation of money [in a strictly specie-backed monetary system, ofc].).
iNTERESTING... an arguement that ISK is specie and not PLEX or assets... I'll have to think about this one
Closest to. I'm pretty sure it deviates from behaving like actual specie, but it deviates much further from behaving like an actual fiat currency. This is EVE - Everybody Versus Everybody.
"the risk of having your day ruined by other people is the cornerstone with which EVE was built and we want to keep that (infact, this is much more representative of the consensus opinion within CCP)." -CCP Solomon |
mynnna
GoonWaffe Goonswarm Federation
489
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Posted - 2013.02.27 04:22:00 -
[215] - Quote
DarthNefarius wrote:mynnna wrote:Well, there is the saying that civil engineers design the targets and mechanical engineers design the bombs. I doubt they were that needed for Little Boy as much as the physicists ( the materials though very much required MECH-E's or CHEM-E's for spinning Uranium Hexafluoride? )
:cripes:
What I meant when I said "there is a saying" was really "there is a joke." This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay. |
RubyPorto
SniggWaffe YOUR VOTES DON'T COUNT
2895
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Posted - 2013.02.27 06:50:00 -
[216] - Quote
mynnna wrote:DarthNefarius wrote:mynnna wrote:Well, there is the saying that civil engineers design the targets and mechanical engineers design the bombs. I doubt they were that needed for Little Boy as much as the physicists ( the materials though very much required MECH-E's or CHEM-E's for spinning Uranium Hexafluoride? ) :cripes: What I meant when I said "there is a saying" was really "there is a joke."
Jokes, on my internet? This is EVE - Everybody Versus Everybody.
"the risk of having your day ruined by other people is the cornerstone with which EVE was built and we want to keep that (infact, this is much more representative of the consensus opinion within CCP)." -CCP Solomon |
Mikhael Taron
Science and Trade Institute Caldari State
24
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Posted - 2013.02.27 21:24:00 -
[217] - Quote
RubyPorto wrote: Except that ISK is not a Fiat currency. Its closest RL equivalent is specie because the NPC sources are extractive in nature (mining gold = ratting for ISK. Both are activity in return for the creation of money [in a strictly specie-backed monetary system, ofc].).
The NPC corps that create ISK do not behave like governments that issue fiat currency, they behave like mines that can be tapped for currency.
Mines produce a commodity that can be used to back a currency. Indeed, the commodity can be used. To what use could you put the corpses of the serpentis rats on which you claimed you bounty? If you issued paper backed by them what worth would it have, assuming anyone would even accept it?
A currency backed by corpses isn't fiat? I think it is. You can fool some of the people all of the time. You can fool all of the people some of the time. You can make a fool out of yourself anytime.
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Wyke Mossari
Staner Industries
440
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Posted - 2013.03.01 20:09:00 -
[218] - Quote
NPC lab factories fees should be determined by making them completely free floating without limits.
When capacity is entirely consumed the price rises and when under utilised it should fall. PI Profitability spreadsheet
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RubyPorto
SniggWaffe YOUR VOTES DON'T COUNT
2921
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Posted - 2013.03.01 22:19:00 -
[219] - Quote
Mikhael Taron wrote:RubyPorto wrote: Except that ISK is not a Fiat currency. Its closest RL equivalent is specie because the NPC sources are extractive in nature (mining gold = ratting for ISK. Both are activity in return for the creation of money [in a strictly specie-backed monetary system, ofc].).
The NPC corps that create ISK do not behave like governments that issue fiat currency, they behave like mines that can be tapped for currency.
Mines produce a commodity that can be used to back a currency. Indeed, the commodity can be used. To what use could you put the corpses of the serpentis rats on which you claimed you bounty? If you issued paper backed by them what worth would it have, assuming anyone would even accept it? A currency backed by corpses isn't fiat? I think it is.
Mines produce Specie that doesn't just back currency, it was currency. Rats produce ISK that doesn't just back currency, it is currency.
Miners mine Specie, Ratters create ISK. See the equivalence?
You're arguing that a gold coin is a fiat currency. This is EVE - Everybody Versus Everybody.
"the risk of having your day ruined by other people is the cornerstone with which EVE was built and we want to keep that (infact, this is much more representative of the consensus opinion within CCP)." -CCP Solomon |
Mikhael Taron
Science and Trade Institute Caldari State
24
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Posted - 2013.03.02 09:15:00 -
[220] - Quote
RubyPorto wrote:Mikhael Taron wrote:RubyPorto wrote: Except that ISK is not a Fiat currency. Its closest RL equivalent is specie because the NPC sources are extractive in nature (mining gold = ratting for ISK. Both are activity in return for the creation of money [in a strictly specie-backed monetary system, ofc].).
The NPC corps that create ISK do not behave like governments that issue fiat currency, they behave like mines that can be tapped for currency.
Mines produce a commodity that can be used to back a currency. Indeed, the commodity can be used. To what use could you put the corpses of the serpentis rats on which you claimed you bounty? If you issued paper backed by them what worth would it have, assuming anyone would even accept it? A currency backed by corpses isn't fiat? I think it is. Mines produce Specie that doesn't just back currency, it was currency. Rats produce ISK that doesn't just back currency, it is currency. Miners mine Specie, Ratters create ISK. See the equivalence? You're arguing that a gold coin is a fiat currency.
Mines produce specie. I can hold it in my hand and raise paper against it.
Rats produce fiat. There is nothing tangible, no commodity, nothing backing it. I can't raise paper against it because it is already paper.
There is no equivalence. You are seeing things.
Indicate where I have stated that gold coin is fiat? Again: you are seeing things.
This attempt of yours to separate bounties from the problem of inflation has so far failed.
You can fool some of the people all of the time. You can fool all of the people some of the time. You can make a fool out of yourself anytime.
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RubyPorto
SniggWaffe YOUR VOTES DON'T COUNT
2923
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Posted - 2013.03.02 19:32:00 -
[221] - Quote
Mikhael Taron wrote:RubyPorto wrote:Mines produce Specie that doesn't just back currency, it was currency. Rats produce ISK that doesn't just back currency, it is currency.
Miners mine Specie, Ratters create ISK. See the equivalence?
You're arguing that a gold coin is a fiat currency. Mines produce specie. I can hold it in my hand and raise paper against it. Rats produce fiat. There is nothing tangible, no commodity, nothing backing it. I can't raise paper against it because it is already paper. There is no equivalence. You are seeing things. Indicate where I have stated that gold coin is fiat? Again: you are seeing things. This attempt of yours to separate bounties from the problem of inflation has so far failed.
1. I am not trying to separate bounties from inflation at all. Ask the 16th century Spaniards if Specie currency can suffer from inflation issues.
2. ISK is the commodity. It's created in much the same way that RL Specie is created, and has about the same level of alternative uses that RL specie had at the height of Specie currencies (NPC Sell orders for ISK, the few non-recoverable uses of Gold for Specie). Ratters introduce ISK into the economy, Miners introduce Gold into the economy. It's the same process (slightly simplified). This is EVE - Everybody Versus Everybody.
"the risk of having your day ruined by other people is the cornerstone with which EVE was built and we want to keep that (infact, this is much more representative of the consensus opinion within CCP)." -CCP Solomon |
Mikhael Taron
Science and Trade Institute Caldari State
24
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Posted - 2013.03.03 06:38:00 -
[222] - Quote
RubyPorto wrote:Mikhael Taron wrote: Mines produce specie. I can hold it in my hand and raise paper against it.
Rats produce fiat. There is nothing tangible, no commodity, nothing backing it. I can't raise paper against it because it is already paper.
There is no equivalence. You are seeing things.
Indicate where I have stated that gold coin is fiat? Again: you are seeing things.
This attempt of yours to separate bounties from the problem of inflation has so far failed.
1. I am not trying to separate bounties from inflation at all. Ask the 16th century Spaniards if Specie currency can suffer from inflation issues. 2. ISK is the commodity. It's created in much the same way that RL Specie is created, and has about the same level of alternative uses that RL specie had at the height of Specie currencies (NPC Sell orders for ISK, the few non-recoverable uses of Gold for Specie). Ratters introduce ISK into the economy, Miners introduce Gold into the economy. It's the same process (slightly simplified).
They're dead, so hardly a comment worth considering, apart from it demonstrating that an unregulated supply of currency leads to the problem this topic is discussing.
ISK is not a commodity; it's a medium for exchange. PLEX is a commodity, for example.
It's not the same process at all. ISK appearing in the economy is limited only by the number of players creating bounties. Gold has a finite number of sources, each of which can support a finite number of extraction processes. Also, gold will run out. ISK creation is limitless. Not the same, and it's this limitless creation of isk that is causing problems.
As you pointed out with your references to the spaniards: unregulated creation of currency leads to inflation, so obviously it must be regulated to avoid this. Bounties play the largest part in this creation, so restricting their effect on the galactic economy must be the way forward. At least we're on the same wavelength. You can fool some of the people all of the time. You can fool all of the people some of the time. You can make a fool out of yourself anytime.
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DarthNefarius
Minmatar Heavy Industries
658
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Posted - 2013.03.03 12:29:00 -
[223] - Quote
mynnna wrote:DarthNefarius wrote:mynnna wrote:Well, there is the saying that civil engineers design the targets and mechanical engineers design the bombs. I doubt they were that needed for Little Boy as much as the physicists ( the materials though very much required MECH-E's or CHEM-E's for spinning Uranium Hexafluoride? ) :cripes: What I meant when I said "there is a saying" was really "there is a joke."
You didn't like my joke? Ripard Teg-á for CSM 8 |
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