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Thread Statistics | Show CCP posts - 1 post(s) |
Pwett
Minmatar
QUANT Corp.
QUANT Hegemony
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Posted - 2007.10.31 19:55:00 -
[31]
 Originally by: Tyr Vaantau
There is so much wrong with that statement. Firstly, inflation dictates the strength of a currency, and inflation is influenced by what people are spending down on ground level, not by what some politician wants it to be - the politians only do things that keep the inflation down (which is reactionary, so don't tell me that I just contradicted myself).
Secondly, "politics make for bad economic decisions". You do realise that part of politics IS making economic decisions? Because, you know, politicans actually RUN the country.
There is so much wrong with this statement. You have oversimplified macro-economics into nothingness.
Let me oversimplify it even more, currency and its buying power are all fiat, thus the strength of any currency is simply what you believe it to be. That is the strength of your argument.
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Pwett
CEO, Founder, & Executor
<Q> QUANT Hegemony
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Terminus adacai
Caldari
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Posted - 2007.10.31 20:15:00 -
[32]
Originally by: Anaghast
100 million isk = 0$
1 Billion isk = 0$
Now here's the tricky one: 100 Billion isk, 0$
Bingo!
:)
Opinions reflected on my posts are just that, my opinions. They do not reflect views held by my corp or alliance. |
Allen Ramses
Caldari
Typo Corp
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Posted - 2007.10.31 20:41:00 -
[33]
If you took an approximation of GTC trades and used a modal average over the last 60 days, you would end up with a figure of a hypothetical exchange. ISK selling is not considered for, as it would be in the same vein as the laundering of goods.
Anyway, with the $14.95 and $38.95 prices for GTCs, and the amounts of ISK traded for them, the current hypothetical exchanges are
1M ISK ~= $0.082 US
$1 US ~= 12.22M ISK
Of course, in a non-hypothetical sense, there is no exchange. The InterStellarKredit has no monetary value, as does not represent a store of real-world goods.
____________________
Pimped out Raven to run level 4 missions quickly: 210 Mil ISK.
Realizing your 120 Mil ISK Drake gets the job done faster: Priceless. |
Loyal Servant
Caldari
Viper Intel Squad
Pure.
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Posted - 2007.10.31 20:45:00 -
[34]
Edited by: Loyal Servant on 31/10/2007 20:46:41
As a farmer hunter I actually keep a track on isk value.
(BUYING ISK IS AGAINST THE RULES!)
(BUYING ISK IS AGAINST THE RULES!)
(BUYING ISK IS AGAINST THE RULES!)
(BUYING ISK IS AGAINST THE RULES!)
(BUYING ISK IS AGAINST THE RULES!)
Thanks... 
The exchange rate is about $1 us for ~ 17 million isk
Accoring to my notes, this is down from a year ago, where isk was approximately $1 per 4 million isk.
Illicit isk sales have hit the roof in the last year.
Edit: For clarity this is a combination of sites that sell isk including ebay, averaged.
I do this once a week, these are the figures for illicit isk which is why people buy it instead of using GTCs, because you get more isk per US dollar.
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Vitrael
Jericho Fraction
The Star Fraction
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Posted - 2007.10.31 20:47:00 -
[35]
Originally by: CCP kieron
According to XE.com the US Dollar to Icelandic Kronur conversion rate is 59.9 ISK to 1 USD. We don't have a conversion for InterStellar Kredits.
Iceland Kronur = ISK?
*slaps forehead*
So how many of you *****s at CCP live in Hofjaldgund? 
___________
I learned to accept ship changes months ago. Suddenly I enjoy Eve. You should try it some time. |
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