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MeestaPenni
Mercantile and Stuff
33
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Posted - 2011.11.04 14:17:00 -
[1] - Quote
1) Far too much. |
MeestaPenni
Mercantile and Stuff
33
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Posted - 2011.11.04 15:06:00 -
[2] - Quote
Cpt Fina wrote:MeestaPenni wrote:1) Far too much. The stock of nominal money in an economy is pretty much irrelevant. It's the flow that has real consequenses.
This is not a 'real' economy. It wasn't too long ago that EvE advertised a special deal on PLEX. With a couple of hundred dollars it was a simple process to suddenly inflate a wallet by 5,000,000,000 ISK; without generating it via the EvE economy. When the wealth is created without flowing through the economy.....it has real consequences.
There is far too much liquidity sitting in corp and individual wallets. It tends to produce boredom. Of course, it can also tend to produce creative ways of burning off some of the liquidity....[ref: suicide ganks].
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MeestaPenni
Mercantile and Stuff
33
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Posted - 2011.11.04 17:13:00 -
[3] - Quote
Tainted Karma wrote: This isn't true at all. PLEX is no different than a ship or an other item in the game. It's merely a destructible item that some people deem have value. An introduction of a PLEX into the market is no different than getting a nice drop off a mission.
Nonsense. No manufacturing, mining, missioning, research, ratting, etc., is involved in the creation of PLEX. They cannot be refined into their base elements.
PLEX wildly outnumber officer drops.
PLEX magically appear when GTC are converted; with significant value. Nothing in the EvE economy is needed for me to instantly become a billion ISK richer. Nothing. Sure, mission loot and salvage appears magically, but I still need to purchase a ship, fit it with modules, arm the weapons with ammo, etc....before I can reap those magic loots. In other words, I have to interact with the EvE economy in order to accumulate that type of ISK. More importantly, I need to spend the intangible cost of "time".
Not so with PLEX......the very moment I convert GTC to a couple of PLEX.......BAMM!!......there's nearly a billion ISK suddenly appearing in the economy.
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MeestaPenni
Mercantile and Stuff
33
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Posted - 2011.11.04 18:45:00 -
[4] - Quote
Carceret Rinah wrote: That billion came from ANOTHER PLAYER'S WALLET.
I don't think you're getting the point.....
Here, I'll shout it as well, maybe you're a touch deaf....
I CAN MAGICALLY CREATE NEARLY A BILLION ISK WORTH OF ASSETS WITHOUT EVEN PLAYING THE GAME.
It's assets out of thin air. Are you not paying attention to the real world? There is no economical model that can sustain a situation where assets and wealth are created out of nothing.....
POOF! I'm rich.
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MeestaPenni
Mercantile and Stuff
33
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Posted - 2011.11.06 02:24:00 -
[5] - Quote
Tippia wrote:and this can (and indeed has and does) happen even in the presence of sinks, as long as those sinks are not coupled with the facuets.
Do you have any idea what you wrote here?
If so,
how so?
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MeestaPenni
Mercantile and Stuff
37
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Posted - 2011.11.06 03:23:00 -
[6] - Quote
Astrid Stjerna wrote: If you take the time to read the paper to which I linked earlier, you'll find a very well-written explanation of how an MMO's closed economic system operates. Ultima Online, World of Warcraft, and EVE online -- in fact, any MMO -- is a closed economic system.
IBFTippia,
How so?
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MeestaPenni
Mercantile and Stuff
37
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Posted - 2011.11.06 03:58:00 -
[7] - Quote
Astrid Stjerna wrote: In short, players hoarded both gold and items, and (since there were very few money sinks initially) the economy collapsed.
This has been, in a nutshell, my entire point.
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MeestaPenni
Mercantile and Stuff
37
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Posted - 2011.11.06 04:00:00 -
[8] - Quote
Tippia wrote:One is defined in terms of the other, and the other is defined in terms of the oneGǪ but both of them differently depending on where you are (and when).
Holy smokes....I think Tippia is trying to divide by zero.
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MeestaPenni
Mercantile and Stuff
38
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Posted - 2011.11.06 04:31:00 -
[9] - Quote
Covert Kitty wrote: PLEX has nothing to do at all with the volume of isk in the game, it is not a sink or a faucet.
Don't think so? I can inflate my wallet by the tune of 10 billion ISK tomorrow morning. All I have to do is spend some cash at a GTC seller.
I'm sorry ya'll dont' get this. The entire point is the amount of liquidity sitting in corp and individual wallets. If it's just sitting there, it has zero affect on the economy. If it's used to wage war, destroy stuff--all good, that adds to the economy. If it's used to trade PLEX around.....nothing. It doesn't help the economy at all.
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MeestaPenni
Mercantile and Stuff
38
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Posted - 2011.11.06 04:52:00 -
[10] - Quote
Tippia wrote: and it does not affect the volume of ISK in the game.
No, but it does affect the movement of ISK without taking part in the economy in any way.
Player 'A' has a billion ISK sitting in his/her wallet. Just sitting there.....
Player 'B' converts GTC to PLEX and sells them to Player 'A'.
Player 'B' is suddenly 900,000,000 ISK richer without taking a single step into the EvE economy.
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