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Vaerah Vahrokha
Vahrokh Consulting
5642
|
Posted - 2015.02.05 02:40:28 -
[301] - Quote
Market McSelling Alt wrote:
Not really, because to most people AUR is worthless, it would only become worth something if it were tied to game time.
You could populate a large percentile with the "Most people", but that does not mean the "FEW people" who have large stashes of money (guess who plays heavy PLEX markets games?) are intelligent enough to have been able to achieve those large stashes of money (duh!). This "intelligent enough" factor would also push them into studying what happens when you store egregious amounts of wealth inside a depreciable currency (ISK). I am not sure it's necessary for an economy to function, but "humanity" seem adamant into saving their efforts and wealth by looking for "stronghold assets" like noble metals in RL. How many EvE stronghold assets are there besides the ONE item that is worth a fixed, dependable amount of the highest value commodity of all: time? What'd be the second best, if the ONE item is removed? What can buy time then?
The answer is what investors will turn into. And then traders.
Also, if CCP has plans to ever cut the umbilical cord ISK <=> game time (be it through PLEX or AUR), they are better thinking 20 or 30 times before such decision is made.
Imagine unleashing the tremendous, unstoppable earthquake-tsunami ISK equivalent of all the PLEX existing in game, onto the relatively feeble "regular" EvE markets. Low tier minerals and ice markets could possibily carry on, but the others? You'd have untold amounts of liquidity flooding everything, novel "market makers" manipulating stuff with unprecedented power.
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
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erg cz
Tribal Core
134
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Posted - 2015.02.05 09:37:50 -
[302] - Quote
Alexi Stokov wrote: If they simple had PLEX go worthless, how many pissed of people would there be?
As far as I understood you will be able to turn certain number of PLEXes into AUR (they look for balance atm). So only pissed players will be those speculators, who stock pile really high amount of PLEXes. They do not create intended game content and CCP see this as problem. In about 1,5 year ago CCP got real money for 2 PLEXes for each destroyed item, worth 1bilion ISK. Cause PLEX was like 500 milions. Not long ago it jumped to 1 bilion, so players need to sell only one PLEX - real money for CCP was cutted to 50 %. It seems to be market manipulation and now CCP fires back, killing speculators. |

Alex Grison
Grison Industrial Group
912
|
Posted - 2015.02.06 23:40:13 -
[303] - Quote
CCP wants em nice and low. But it no workey.
yes
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erg cz
Tribal Core
141
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Posted - 2015.02.24 11:58:37 -
[304] - Quote
Alex Grison wrote:CCP wants em nice and low. But it no workey.
Well, it does workey, though not that quick. PLEX price still dropping: http://www.eve-markets.net/detail?typeid=29668#history |

Koniforous
Tauren Transit
204
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Posted - 2015.02.24 18:57:03 -
[305] - Quote
They usually drop after an update, and return or spike a couple weeks later.
TAUTX: Private Bank and Lending
TAUTX: Collateral Liquidation / Discount Items
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Vincent Athena
V.I.C.E.
3165
|
Posted - 2015.02.24 19:33:18 -
[306] - Quote
erg cz wrote:Vincent Athena wrote:I think they should go one step farther. Remove PLEX, period.
....
Now about the PLEX price: I noticed it dropping over the weekend. It seems odd it would be dropping. No PLEX sale, some extra demand due to FanFest, yet it is dropping. Are we entering a new era? Smart traders sell PLEX before they become useless pixel item, due to AUR changes you mentioned. If CCP were to remove PLEX, and use AUR for buying game time, I'm sure they would also replace every PLEX in the game with 3500 AUR. PLEX would never be a worthless pixel item, they would just go away, and your inflation hedge would become AUR.
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Market McSelling Alt
Bernie Madoff Investment Services LLC
107
|
Posted - 2015.02.24 19:34:34 -
[307] - Quote
Koniforous wrote:They usually drop after an update, and return or spike a couple weeks later.
lol no they dont, they usually spike at the same time as an expansion due to returning players and players hording them to hedge against other assets reducing in value.
The price has been falling for a while. Faster until the holidays, and slowly now.
This is probably the effect of loss of population in the game. It looks like we are down about 1% each month since Christmas. |

Market McSelling Alt
Bernie Madoff Investment Services LLC
107
|
Posted - 2015.02.24 19:36:37 -
[308] - Quote
Vincent Athena wrote:erg cz wrote:Vincent Athena wrote:I think they should go one step farther. Remove PLEX, period.
....
Now about the PLEX price: I noticed it dropping over the weekend. It seems odd it would be dropping. No PLEX sale, some extra demand due to FanFest, yet it is dropping. Are we entering a new era? Smart traders sell PLEX before they become useless pixel item, due to AUR changes you mentioned. If CCP were to remove PLEX, and use AUR for buying game time, I'm sure they would also replace every PLEX in the game with 3500 AUR. PLEX would never be a worthless pixel item, they would just go away, and your inflation hedge would become AUR.
But AUR has no inherent value in game. The move to AUR removes PLEX as a place to store ISK, instead it would be a place to store AUR which would have it's own conversion to ISK based on what players would pay.
So in essence, Plex would get competition from AUR if one could use AUR for game services too. Just moves Plex out of in game markets and on to an out of game market where it belongs. |

Vincent Athena
V.I.C.E.
3165
|
Posted - 2015.02.24 19:45:23 -
[309] - Quote
Market McSelling Alt wrote:Vincent Athena wrote:erg cz wrote:Vincent Athena wrote:I think they should go one step farther. Remove PLEX, period.
....
Now about the PLEX price: I noticed it dropping over the weekend. It seems odd it would be dropping. No PLEX sale, some extra demand due to FanFest, yet it is dropping. Are we entering a new era? Smart traders sell PLEX before they become useless pixel item, due to AUR changes you mentioned. If CCP were to remove PLEX, and use AUR for buying game time, I'm sure they would also replace every PLEX in the game with 3500 AUR. PLEX would never be a worthless pixel item, they would just go away, and your inflation hedge would become AUR. But AUR has no inherent value in game. The move to AUR removes PLEX as a place to store ISK, instead it would be a place to store AUR which would have it's own conversion to ISK based on what players would pay. So in essence, Plex would get competition from AUR if one could use AUR for game services too. Just moves Plex out of in game markets and on to an out of game market where it belongs. Right, so they would have to give AUR value. Remove PLEX, replace all of them with AUR, then sell game time for AUR. The rate would be 3 days for 350 AUR. They CCP would also need to introduce a market allowing players to trade AUR for ISK with each other.
In the end, we would have the same situation as we do now: You can get AUR for real money and then sell for ISK, or you can use ISK to buy AUR form another player, then turn it in for game time.
The big difference: We eliminate a redundant currency: PLEX. AUR and ISK are all we really need to make the current EVE economy work.
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Alexi Stokov
State War Academy Caldari State
14
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Posted - 2015.02.24 20:06:27 -
[310] - Quote
Isn't the only way to get AUR is by converting PLEX? |

Market McSelling Alt
Bernie Madoff Investment Services LLC
107
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Posted - 2015.02.24 20:56:53 -
[311] - Quote
Alexi Stokov wrote:Isn't the only way to get AUR is by converting PLEX?
Everything will change if CCP gets their way |

erg cz
Tribal Core
141
|
Posted - 2015.02.25 09:38:51 -
[312] - Quote
Koniforous wrote:They usually drop after an update, and return or spike a couple weeks later.
Did you actually checked the link I posted? PLEX value drops over last 90 days and keep going that way. No real spikes.
Vincent Athena wrote: I'm sure they would also replace every PLEX in the game with 3500 AUR.
I am not so sure about "every PLEX". Quota for conversion can be big, yes, but it is still qouta. Even if CCP will agree to allow you convert 100 PLEX as of now, there still be ppl with larger PLEX count. And quota is still under concideration. It can be even lower to make more PLEX speculators rage quit. |

Koniforous
Tauren Transit
205
|
Posted - 2015.02.25 13:48:05 -
[313] - Quote
erg cz wrote:Koniforous wrote:They usually drop after an update, and return or spike a couple weeks later. Did you actually checked the link I posted? PLEX value drops over last 90 days and keep going that way. No real spikes. I did not check your link. I have made the majority of my wealth from plex flipping, including riding the waves the follow a patch, and I have my own personal experience and wallet to prove my statement for me, I'm not really interested if you disagree with me or mot because I know my investment practices in plex and plex behavior have proven correct. Prices are high before a patch (when I sell to have the liquid needed for...), quickly plummet a few weeks after a patch (when I buy), supply is choked and briefly prices spike (when I sell), and then normalize to just before patch prices and continue on with their downward trend.
TAUTX: Private Bank and Lending
TAUTX: Collateral Liquidation / Discount Items
|

Market McSelling Alt
Bernie Madoff Investment Services LLC
109
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Posted - 2015.02.25 16:17:28 -
[314] - Quote
Koniforous wrote:erg cz wrote:Koniforous wrote:They usually drop after an update, and return or spike a couple weeks later. Did you actually checked the link I posted? PLEX value drops over last 90 days and keep going that way. No real spikes. I did not check your link. I have made the majority of my wealth from plex flipping, including riding the waves the follow a patch, and I have my own personal experience and wallet to prove my statement for me, I'm not really interested if you disagree with me or mot because I know my investment practices in plex and plex behavior have proven correct. Prices are high before a patch (when I sell to have the liquid needed for...), quickly plummet a few weeks after a patch (when I buy), supply is choked and briefly prices spike (when I sell), and then normalize to just before patch prices and continue on with their downward trend.
You can say that all you want to, but evidence from API is to the contrary. Other than the summer slow rise there has been negative pressure on plex for a year. No spikes, no dips from patches. Historically before that there are spikes AT patch dates and after from returning players, but not before and certainly no crashes after a patch. |

Koniforous
Tauren Transit
205
|
Posted - 2015.02.25 18:12:29 -
[315] - Quote
Market McSelling Alt wrote:Koniforous wrote:erg cz wrote:Koniforous wrote:They usually drop after an update, and return or spike a couple weeks later. Did you actually checked the link I posted? PLEX value drops over last 90 days and keep going that way. No real spikes. I did not check your link. I have made the majority of my wealth from plex flipping, including riding the waves the follow a patch, and I have my own personal experience and wallet to prove my statement for me, I'm not really interested if you disagree with me or mot because I know my investment practices in plex and plex behavior have proven correct. Prices are high before a patch (when I sell to have the liquid needed for...), quickly plummet a few weeks after a patch (when I buy), supply is choked and briefly prices spike (when I sell), and then normalize to just before patch prices and continue on with their downward trend. You can say that all you want to, but evidence from API is to the contrary. Other than the summer slow rise there has been negative pressure on plex for a year. No spikes, no dips from patches. Historically before that there are spikes AT patch dates and after from returning players, but not before and certainly no crashes after a patch. I must have found a market leprechaun then, turning what a graph says should be losses into billions of profit. This can only mean one thing: Half life 3 confirmed!
TAUTX: Private Bank and Lending
TAUTX: Collateral Liquidation / Discount Items
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Vincent Athena
V.I.C.E.
3168
|
Posted - 2015.02.26 04:44:44 -
[316] - Quote
erg cz wrote:Koniforous wrote:They usually drop after an update, and return or spike a couple weeks later. Did you actually checked the link I posted? PLEX value drops over last 90 days and keep going that way. No real spikes. Vincent Athena wrote: I'm sure they would also replace every PLEX in the game with 3500 AUR. I am not so sure about "every PLEX". Quota for conversion can be big, yes, but it is still qouta. Even if CCP will agree to allow you convert 100 PLEX as of now, there still be ppl with larger PLEX count. And quota is still under concideration. It can be even lower to make more PLEX speculators rage quit. No quota. Every PLEX. CCP would do nothing less.
At one time, after PLEX but before AURUM and the NEX store, people were talking about "mili-PLEX" a way to divide up the PLEX to allow for purchase of items from the NEX store that are worth less than one PLEX. We did not get mili-PLEX, we got AUR. But it serves the same purpose.
Having a "quota" would be like replacing $1000 bills with $20 bills, but only for the first 100 bills. It would just not be acceptable.
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erg cz
Tribal Core
141
|
Posted - 2015.02.26 08:22:15 -
[317] - Quote
Vincent Athena wrote:
Having a "quota" would be like replacing $1000 bills with $1000 bills, but only for the first 100 bills.
Fixed that for you.
Vincent Athena wrote: It would just not be acceptable.
by any PLEX speculator. Thats right. But for ordinary PLEX producers / users like me it would be absolutely OK. Cause I rearely have more than 5 PLEX in my posession. PLEX speculators do not create any usefull game content but rather abuse feature, that was intended solely for quick ISK injection / possibility to play for free. So there will be no surprise if CCP decides to get rid of those via PLEX conversion quota? PLEX speculators rage quite, game economy stabilize, CCP will get 20 euro for one replaced megatrone navy issue instead of 10 as it was around new year. |

Luthias Austrene
Drone Orphanage Ethical Carnage
14
|
Posted - 2015.02.26 13:28:47 -
[318] - Quote
EDIT: wrong thread |

Alexi Stokov
State War Academy Caldari State
14
|
Posted - 2015.02.26 15:33:51 -
[319] - Quote
The only way to stop PLEX speculation is to peg it to a specific isk value, say 500 million isk. No matter what region you are in PLEX is the same value on the market |

erg cz
Tribal Core
141
|
Posted - 2015.02.26 16:08:09 -
[320] - Quote
Alexi Stokov wrote:The only way to stop PLEX speculation is to peg it to a specific isk value, say 500 million isk. No matter what region you are in PLEX is the same value on the market
I think it would open door for black market and RMT. Since PLEX is not generated but injected into the game by players. |

Vincent Athena
V.I.C.E.
3188
|
Posted - 2015.03.03 03:20:05 -
[321] - Quote
Alexi Stokov wrote:The only way to stop PLEX speculation is to peg it to a specific isk value, say 500 million isk. No matter what region you are in PLEX is the same value on the market People would just not use the market. They would trade via contracts, or directly by trading with each other in a station, or via a third party.
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Vaerah Vahrokha
Vahrokh Consulting
5653
|
Posted - 2015.03.03 22:55:00 -
[322] - Quote
erg cz wrote:PLEX speculators do not create any usefull game content but rather abuse feature, that was intended solely for quick ISK injection / possibility to play for free. So there will be no surprise if CCP decides to get rid of those via PLEX conversion quota? PLEX speculators rage quite, game economy stabilize, CCP will get 20 euro for one replaced megatrone navy issue instead of 10 as it was around new year.
How curious seeing people deciding in a sandbox game what's useful, what's "intended solely for" and so on.
I have read long threads with dumbs declaring miners useless, others declaring L4 missioneers a "cancer for EvE economy" and much more.
EvE is bigger than this. In EvE people create content, even content you find useless. In EvE unconsensual gameplay is not only allowed, but encouraged. PLEX speculators create content you don't like... feel free to stay out of it!
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Vaerah Vahrokha
Vahrokh Consulting
5653
|
Posted - 2015.03.03 22:56:55 -
[323] - Quote
Alexi Stokov wrote:The only way to stop PLEX speculation is to peg it to a specific isk value, say 500 million isk. No matter what region you are in PLEX is the same value on the market
We have enough economy rigging in RL.
Let's allow a true, capitalistic economy exist, at least in a fictional game, shall we?
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Alexi Stokov
State War Academy Caldari State
18
|
Posted - 2015.03.04 00:14:01 -
[324] - Quote
Vaerah Vahrokha wrote:Alexi Stokov wrote:The only way to stop PLEX speculation is to peg it to a specific isk value, say 500 million isk. No matter what region you are in PLEX is the same value on the market We have enough economy rigging in RL. Let's allow a true, capitalistic economy exist, at least in a fictional game, shall we?
The claim was made that CCP was looking at ending it and changing buying PLEX directly with AUR. I was stating that I do not* understand how they expect to eliminate speculation without a forced market price peg. |

Market McSelling Alt
Bernie Madoff Investment Services LLC
110
|
Posted - 2015.03.04 00:38:41 -
[325] - Quote
Alexi Stokov wrote:Vaerah Vahrokha wrote:Alexi Stokov wrote:The only way to stop PLEX speculation is to peg it to a specific isk value, say 500 million isk. No matter what region you are in PLEX is the same value on the market We have enough economy rigging in RL. Let's allow a true, capitalistic economy exist, at least in a fictional game, shall we? The claim was made that CCP was looking at ending it and changing buying PLEX directly with AUR. I was stating that I do not* understand how they expect to eliminate speculation without a forced market price peg.
Plex has many uses right now. One of which is the direct storage of Isk. Anyone can store plex and play trading games and the worst they have to risk in their mind is less isk, or using it for a month's game time.
Take plex off the in game market and the station games end. Make plex's only use directly applying game time. Now plex can only be converted to AUR, which can then be used for various things. This provides a buffer to Plex, but also makes it far more risky to horde Plex because getting stuck with a lot of AUR would not have the same benefits of being stuck with a bunch of Isk. |

Vaerah Vahrokha
Vahrokh Consulting
5653
|
Posted - 2015.03.04 09:15:46 -
[326] - Quote
Market McSelling Alt wrote:
Take plex off the in game market and the station games end. Make plex's only use directly applying game time. Now plex can only be converted to AUR, which can then be used for various things. This provides a buffer to Plex, but also makes it far more risky to horde Plex because getting stuck with a lot of AUR would not have the same benefits of being stuck with a bunch of Isk.
I hope CCP won't do this thing because it'd be a terrible move that could have vast negative effects on the whole EvE economy.
PLEX does 4 fundamental things:
- Provides a muitiple pronged attack vehicle against RMTers.
- Greatly helps at preserving the only defense that a 12 year old MMO has against its economy implosion: wallets segregation.
- Acts as "liquidity sponge" that preserves the other markets against a massive flood of ISK that would make them unpracticable, and perma-manipulated against new players.
- Gives a players niche an "end game" where to PvP, PLEXes are capital ISK ships.
This has become even more relevant after CCP nerfed Technetium, the former "end game flag ship".
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erg cz
Tribal Core
143
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Posted - 2015.03.04 11:40:12 -
[327] - Quote
There is 12 sell orders in Jita with price under 800 milions atm. And median price keep falling even quicker. PLEX price is droping, several months in a raw already, despite all smart talks about "economy implosion". Simply because PLEX is bound to real money. It is not some virtual pixel item, it is a bit more, than part of Eve economy. CCP loses money on high PLEX price and they want their money back. |

Vaerah Vahrokha
Vahrokh Consulting
5654
|
Posted - 2015.03.04 16:34:59 -
[328] - Quote
erg cz wrote:There is 12 sell orders in Jita with price under 800 milions atm. And median price keep falling even quicker. PLEX price is droping, several months in a raw already, despite all smart talks about "economy implosion". Simply because PLEX is bound to real money. It is not some virtual pixel item, it is a bit more, than part of Eve economy. CCP loses money on high PLEX price and they want their money back.
You don't seem to have an idea about what "economy implosion" is.
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
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Alexi Stokov
State War Academy Caldari State
18
|
Posted - 2015.03.04 17:20:43 -
[329] - Quote
erg cz wrote:There is 12 sell orders in Jita with price under 800 milions atm. And median price keep falling even quicker. PLEX price is droping, several months in a raw already, despite all smart talks about "economy implosion". Simply because PLEX is bound to real money. It is not some virtual pixel item, it is a bit more, than part of Eve economy. CCP loses money on high PLEX price and they want their money back.
How much is CCP losing? I'd guess that your argument is that because PLEX nets you ~800 m isk that people are buying less because the PLEX is getting them more than when PLEX bought 500 m isk. I would argue that because PLEX gets more isk, it incentivized people to buy it with real money because it gives them more isk. Unless the $ price for PLEX has changed, the real world money is now buying more. The question would then be at what level is there "equilibrium"? |

Vaerah Vahrokha
Vahrokh Consulting
5654
|
Posted - 2015.03.05 08:11:52 -
[330] - Quote
Alexi Stokov wrote:The question would then be at what level is there "equilibrium"?
That's a process called: "price discovery". Markets equilibrium is ever changing, current equilibrium is called: "price".
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