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Siigari Kitawa
Gallente The Aduro Protocol
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Posted - 2008.02.21 22:56:00 -
[1]
Another thread I replied to the other day prompted me to post this thread.
First a little background, I started playing EVE in Exodus *sigh, oh I miss those days*. I had very wide eyes and was always "in search of the thrill!" I remember when I got my first Vexor and though "OH MY GOSH, 4 MILLION ISK!" It was SO MUCH MONEY lol. They were expensive! Sure I was new and 4 mil was like a mountain of riches, but you know :P
Anyway, back when I first started playing EVE, I remember that you could buy isk from websites for like, $15. Same like you can do with GTCs now. Only thing is, you got 50 mil for $15.
So, let's do a little math, converting the what was once then real life exchange rate to EVE ISK currency.
50,000,000.00 / 4,000,000.00 = $1.25
Right, so a Vexor was essentially a buck twenty five.
Now, we have GTCs selling for 180 mil for $15. So what does that do to the price of isk? It depreciates its value. Further, it causes ISK to become more available. ISK, while still earned legitimately, is given away to people who have not used ingame means to earn it.
Moreover, the price of Vexors has gone down to 3.5 mil. So the Vexor has also lost ISK value.
180,000,000.00 / 3,500,00.00 = $0.51
Fifty one cents. It's lost a LOT of value.
I remember when ISK in EVE felt so strong. I would look at those gaming websites (having no idea how much currency in other games was worth though) and say "Ha, 50 mil of our ISK costs the same as 500 of your gold! neener neener." :P
Has ISK lost its value?
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Anaalys Fluuterby
Caldari
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Posted - 2008.02.21 23:01:00 -
[2]
Uhm, who cares what the "cost" of ISK compared to gold is?
No amount of gold in WoW can buy a spaceship and big guns
Originally by: Audri Fisher On the other, the emo tears being cryed in this thread tell me that just because you shoot somebody for a living, does not mean you aren't a carebear
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Xavianum
Minmatar Astusian Belose
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Posted - 2008.02.21 23:06:00 -
[3]
Originally by: Siigari Kitawa I remember when ISK in EVE felt so strong. I would look at those gaming websites (having no idea how much currency in other games was worth though) and say "Ha, 50 mil of our ISK costs the same as 500 of your gold! neener neener." :P
Has ISK lost its value?
Actually, that would mean that 1 gold in the other game (WoW maybe?) would be worth 100,000 isk. The value of 1 isk would be 0.00001 gold (in WoW thats .1 copper). In other words, the value of isk is extremely low. It would be the same situation if you went to some African nation and exchanged your US$10 for 1,000,000 of the local currency. In other words, it's not a good thing. IDK, my BFF EVE-Online. |
Niccolado Starwalker
Shadow Templars
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Posted - 2008.02.21 23:09:00 -
[4]
Edited by: Niccolado Starwalker on 21/02/2008 23:09:33
Originally by: Siigari Kitawa Has ISK lost its value?
No
Since its illegal to buy isk for dollar (or other currencies for that sake) you cant compare the value as such between different MMORPG currencies or RL currencies
The ISK is for EVE online. You cant use it elsewhere! So its a very isolated currency, and as such cant loose its value. Except ingame ofcource.
Even if it had lost its value, its completely irrelevant for everyone who plays this game by the book. And as such, I dont care if you get more iskies for less bucks. or the oposite. All I want to see is the ISK sellers removed from game.
Originally by: CCP Whisper I got your ambulation right here... <walks off to get more wine>
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Weirana Gatorna
Gallente Internal Revenue Service
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Posted - 2008.02.21 23:11:00 -
[5]
While it is true that isk has devalued in your example, I dont think it is fair to use a tech one cruiser as a benchmark.
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Siigari Kitawa
Gallente The Aduro Protocol
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Posted - 2008.02.21 23:13:00 -
[6]
Originally by: Weirana Gatorna While it is true that isk has devalued in your example, I dont think it is fair to use a tech one cruiser as a benchmark.
I used a tech 1 ship because they are not subject to the ever-changing tech 2 market.
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Brinid Navarre
The Aduro Protocol
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Posted - 2008.02.21 23:31:00 -
[7]
Originally by: Niccolado Starwalker All I want to see is the ISK sellers removed from game.
What, you mean you want all those poor Chinese people to STARVE?!
(Just kidding, I agree with you.)
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Alberic Nydorm
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Posted - 2008.02.21 23:52:00 -
[8]
Yes, its 'worth less' because its more freely available now, with GTC trades.
The ISK farmers were artificially increasing the price, because of limited availability.
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Vicious Phoenix
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Posted - 2008.02.22 00:03:00 -
[9]
Originally by: Xavianum In other words, it's not a good thing.
Wrong. ISK in EVE has to be low value because some items are very cheap. i.e. Trit can't cost 1,000 ISK each. (Assume you dropped 3 0's off every price)
CFW (Certified Forum Warrior) I kill people ingame too.
Originally by: CCP Tuxford I prefer dew over pepsi. I prefer beer over most things. Damn now I want beer.
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Tamia Clant
New Dawn Corp New Eden Research
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Posted - 2008.02.22 00:08:00 -
[10]
Originally by: Vicious Phoenix
Originally by: Xavianum In other words, it's not a good thing.
Wrong. ISK in EVE has to be low value because some items are very cheap. i.e. Trit can't cost 1,000 ISK each. (Assume you dropped 3 0's off every price)
Exactly, the main reason ISK doesn't look like a powerful currency when compared to others is because it's working on a much larger scale. I'm sure you could name an item in WoW that costs 1 gold, but can you name one that costs 60 billion gold?
Of course, we could go with WoW's way of having multiple currencies (copper/silver/gold) but that's just stupid in my opinion.
Looking for queue-free research slots? Click here!
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Agil TradeAlt
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Posted - 2008.02.22 00:13:00 -
[11]
Edited by: Agil TradeAlt on 22/02/2008 00:13:46 I made a game called "LOL at Forum Trolls". Each unit of ingame cash was worth 100000000000 Trillion real world dollers. And there was a total of 10000000 unite ingame
However, since I was richer than the rest of the world, I no longer need to talk to you plebs about it. My Forum Troll doller is worth mrore than the rest of your junk currencies put together.
Originally by: CCP kieron ISK buying is a major contributor to the inflation in EVE's economy.
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Redglare's Demise
Mutually Assured Distraction
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Posted - 2008.02.22 00:25:00 -
[12]
Check out the economic reports.
Yea, they only cover the last two quarters, but the most recent one shows deflation has been the trend for the past several months.
If you ask me, the price of vexors has been influenced by many factors other than the value of ISK. For example, around exodus time I bet you saw many more pilots in vexors than you do now.
So the point you make is that isk is cheaper to buy with RL money than it used to be years ago. True, and yes it causes some inflation, but this factor is completely dwarfed by influences like invention.
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Freya Fimbulvetr
Minmatar Araz Galactic Enterprises and Shipyards Inc
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Posted - 2008.02.22 00:32:00 -
[13]
ok, personally this is how i look at the difference in isk prices from exodus to now.
back then, you didn't have easy means of getting the isk. back then you didn't have t2 items, and rigs, and t2 ships. level 4 missions where hardly solo-able and also mining had to be done mainly in cruisers or barges.
now, you got ice mining and Hulks and t2 and rigged battleships that can solo any level 4 mission they like.
basically, isk is easier to get with less effort nowadays then it was back then.
so in turn, people are willing to pay more for the GTCs that people sell for 180 mil.
so that explains that.
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Lord Evangelian
Gallente LEAP Corp
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Posted - 2008.02.22 02:30:00 -
[14]
get rid of GTC and any out of game trade for in game profit and your sorted...
That or make ISK hard to acquire again....
ATM it sucks that a guy can join the game and make 10M in his first 2 days...
I remember when I joined, the mighty megathron amazed me at its 105,000,000.00 Price tag.
I made 500k in my first week running missions and was astounded how people could afford such things...
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Make eve value of ISK, get rid of GTC, and make eve harder again....Put T2 prices back to how they were. It is elite not eveyone, his dog and gradma....and get rid of the damnd Farming Gold sellers... --------------------
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Kyra Felann
Gallente Noir.
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Posted - 2008.02.22 03:17:00 -
[15]
Comparing currencies between games is not only pointless, but pretty dumb as well.
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Admiral Nova
Strike Team Nova
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Posted - 2008.02.22 11:55:00 -
[16]
Isk is much easier to get ingame, the actual trading of isk for GTCs hasn't affected it, how easily that isk was acquired affects it. That cost of GTCs is up as high as it is because of two things, the demand for GTCs (which ISK sellers buy hundreds of so their businesses never spend any real money on such things as gametimes). And the ease of getting isk. The fact that people have a legal way to gain ingame isk with real money in turn drives down the cost that isk sellers can sell for (after all it requires spectacular idiots (no doubt some exist) to pay as much or more for isk that will probably get taken away than for isk that is legal.
But yeah, I remember saving for months to get a battleship, these days even new players can get them in short periods.
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Shanur
Minmatar Republic Military School
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Posted - 2008.02.22 11:58:00 -
[17]
Originally by: Anaalys Fluuterby Uhm, who cares what the "cost" of ISK compared to gold is?
No amount of gold in WoW can buy a spaceship and big guns
That,
Although if ISK becomes worthless to RMT traders, we'll finally be rid of those annoying farmbots and ISK spammers. |
Deja Nay
Caldari Provisions
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Posted - 2008.02.22 12:01:00 -
[18]
Originally by: Brinid Navarre
Originally by: Niccolado Starwalker All I want to see is the ISK sellers removed from game.
What, you mean you want all those poor Chinese people to STARVE?!
(Just kidding, I agree with you.)
Whilst i realise you are kidding, just an observational standpoint for the "Pro poor chinese" people.
China is now the 3rd largest Econemy in the world, woosa.
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Shanur
Minmatar Republic Military School
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Posted - 2008.02.22 12:04:00 -
[19]
Originally by: Deja Nay
Originally by: Brinid Navarre
Originally by: Niccolado Starwalker All I want to see is the ISK sellers removed from game.
What, you mean you want all those poor Chinese people to STARVE?!
(Just kidding, I agree with you.)
Whilst i realise you are kidding, just an observational standpoint for the "Pro poor chinese" people.
China is now the 3rd largest Econemy in the world, woosa.
Also the mods don't like it if you associate RMT by definition with a specific ethnic group (although it does tend to be low wage countries doing the drudgework due to lower labor costs). |
Ioci
Gallente Ioci Exploration
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Posted - 2008.02.22 12:04:00 -
[20]
Based on extensive spam experience, SWG has us all beat to death. Credits are given away in comparison. They are easy had though. LotRO gold spammers sell in the 10's of Gold. It's a new game though and the currency is controlled very tightly.
Considering the age of Eve, costing is compareable. I for the life of me can't figure out why any right minded web site would even trade ISK. The built in system should have voided that out.
On the 4 mill. For a nooblet, it's still a big chunk of change. It shouldn't be. 'Do the tute" still gats rammed down every nooblets throat and will net you half that in an evening but add in the learning curve I suppose it takes a few months to conclude what is real coin in Eve. |
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000Hunter000
Gallente Missiles 'R' Us
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Posted - 2008.02.22 12:27:00 -
[21]
No amount of gold is gonna save u when u are ganked by ur local gatecamp, isk however might save u. _______________________________________________________ CCP, let us pay the online shop with Direct Debit!!!
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Great Artista
Caldari Veto. Veto Corp
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Posted - 2008.02.22 12:52:00 -
[22]
The game could use more isk sinks; I totally heartfully agree. Introduce something new to remove more ISK from the system, money is too easy to obtain.
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Dargaro Inozowa
Gallente InoTech Productions
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Posted - 2008.02.22 13:13:00 -
[23]
The fact that it's getting harder and harder for currency sellers to make any money would drive up their prices too.
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Loyal Servant
Caldari Viper Intel Squad Pure.
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Posted - 2008.02.22 14:11:00 -
[24]
4 Words: Too many isk farmers.
The fact that isk is getting REALLY cheap, as I have been saying for a long time is that the number of farmers has also increased. demand is probably starting to drop as well, because I have not seen a marked increase in 0.0 farmers in a few months to fill in the supply gaps or increase supply. (So, it is probably demand dropping... which is good.)
Get rid of some of the farmers.. the price will go up.. Start to ban the buyers... the price will drop - less demand.
We can only speculate that perhaps buyers are being banned or that the farming has leveled off. I suspect farming has leveled off.
So, why is ccp messing with my sig?
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Xavianum
Minmatar Astusian Belose
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Posted - 2008.02.22 15:29:00 -
[25]
Originally by: Vicious Phoenix
Originally by: Xavianum In other words, it's not a good thing.
Wrong. ISK in EVE has to be low value because some items are very cheap. i.e. Trit can't cost 1,000 ISK each. (Assume you dropped 3 0's off every price)
First of all, you completely misunderstood my point. I was disagreeing that the value of isk is something to brag about. Instead, the value is incredibly low as compared to other game currencies or real-world currencies (at least those in rich nations).
Second, you could knock 3 zeros off every price and still have a viable economy in Eve. How often do you buy 1 tritanium? That would be like going to the store and buying a paper clip. One paper clip, at least where I live, costs less than a penny. The same concept would apply to buying projectile weapon ammo. Instead of buying 1000 Titanium Sabot S for 15k isk, you could buy 1 stack of 1000 Titanium Sabot S for 15 isk (or 100 for 1.5 isk). That being said, I have no problem with the way things stand, and changing it at this point would be rather stupid anyhow.
IDK, my BFF EVE-Online. |
Xavianum
Minmatar Astusian Belose
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Posted - 2008.02.22 15:52:00 -
[26]
Originally by: Great Artista The game could use more isk sinks; I totally heartfully agree. Introduce something new to remove more ISK from the system, money is too easy to obtain.
Actually, isk sinks wouldn't really do what you want them to do. I think what you want would require increasing the amount of materials needed to produce items. Or you could lower mission rewards, rat drops and mining yield. You would have to do all three since only doing one or two would end up throwing things way out of balance.
Of course, my conjecture of your intentions could be grossly mistaken. IDK, my BFF EVE-Online. |
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