How rich are we?

[LouHodo]

@Lugh_Crow-Slave

well irl 1 usd = 98.43isk

Wrong, you are forgetting to factor in inflation over 10,000 years. (not to mention a different galaxy all together)

I did some math in another thread, based on the price of water in game, at 350isk per unit of water.

10isk per USD.

So at the rate of 1% per yer for 10,000years. The simplest version (and is wrong) comes out to about 1000USD per ISK. The more complex version which takes the value and compounds it every year for 10,000 years is way more than 1000USD per ISK… but I dont have that kind of time right now. Then there is an online calculator which I am hoping is WAY wrong… saying the inflation rate in 10,000years of .10USD at 1% rate of inflation per year…
$1,635,828,711,189,040,000,569,104,340,328,246,467,887,104.00!!!

So if that were true 1 ISK is worth $1,635,828,711,189,040,000,569,104,340,328,246,467,887,104.00

That is the estimated value of 1 ISK to USD.

Actually determining how much an isk to IRL money would be

Presumably you’re doing this for a larf. The problem stems from using a conversion rate based on a planet which is 70% covered by water, in the wealthiest country, which has ample supplies of fresh water, and where water supply is treated as a service and not a ‘product’. Slightly more accurate comparisons would be obtained by pricing water delivered to the middle of the Australian outback, or the center of the Sahara. Or the cost of setting up a desalination plant on a small island with a sm…

[Ralph_King-Griffin]

Isk is also an abbreviation for the Icelandic kroner

[Chainsaw_Plankton]

@Bjorn_Tyrson

Afaik the 1 isk being enough for a family has since been reconned although no solid number has ever been placed on it.

Personally I think that 1 isk being ~1 hr of unskilled labor works out rather well. It makes capsuleers unimaginably wealthy. But not so unreasonable that it’s unbelievable.

If we use that scale. Let’s say 1 isk = ~10 usd. Then say a shuttle at 20000 isk would be around 200k dollars… that’s the price of a damn nice car. Or a small plane… something out of reach for your average broom pusher. But not unreasonable for a middle manager… meanwhile we throw them away like trash.

Our frigates meanwhile would be in the comparable price range of private jets and luxury yachts. Small companies may have them. And even the richest of individuals may have one or two for showing off… And it only goes up from there.

I find using that scale works well for me at least.

That sounds right enough, but I’d go at least several orders of magnitude more. there are trillions of people in the eve cluster, then what maybe a million pod pilots, with only what a few 100k active at any one time.

we’re at least the 1% of the 1% of the 1%. that’s a very small fraction, I’d guess a shuttle is worth high millions if not billions of USD, and then it only goes up from there.

[Scipio_Artelius]

@LouHodo

Wrong, you are forgetting to factor in inflation over 10,000 years. (not to mention a different galaxy all together)

He’s not wrong.

Lugh clearly referred to RL, where:

a

[LouHodo]

I see…

Still forgetting about inflation over 10,000 years.

[Scipio_Artelius]

@LouHodo

Still forgetting about inflation over 10,000 years.

Well it’s kind of impossible in the context of RL, to consider 10000 years in the future.

In any case, what’s the relevance of 10000 years anyway?

[LouHodo]

@Scipio_Artelius

In any case, what’s the relevance of 10000 years anyway?

Rough estimate how far in the future Eve takes place.

[Scipio_Artelius]

@LouHodo

Rough estimate how far in the future Eve takes place.

You’re out by 100%

It’s past the Earth equivalent of the year 23000

[LouHodo]

So that number gets MUCH larger… LOL

[Scipio_Artelius]

@LouHodo

So that number gets MUCH larger… LOL

The irony of trying to correct someone that was right while you were wrong.

At least that’s situation normal in the forum.

[LouHodo]

@Scipio_Artelius

The irony of trying to correct someone that was right while you were wrong.

Actually with the forum layout he is above not to the right of me at all.

[Scipio_Artelius]

@LouHodo

Actually with the forum layout he is above not to the right of me at all.

ESL?

That’s also common here, so apology. English is one of those crap languages with multiple meanings for some words.

[Ralph_King-Griffin]

Russia annexes Icelandic
Now where’s the inflation?
Point is, if we’re talking IRL currency you have to use IRL circumstances.

[Nevyn_Auscent]

50 million plus. We broke 10 million characters a couple of years back I believe. And each Navy is meant to have similar numbers also.

In any case. It’s pretty irrelevant. Even if we assume a 1 to 1 ratio which the rebuilding of myrska indicated as nearer accurate now we are still so rich it doesn’t matter for living purposes.
We measure our income in millions per hour.

P.s. the above inflation maths is wrong because inflation is neither constant nor required. Deflation can also happen

[Rin_Vocaloid2]

@Scipio_Artelius

In any case, what’s the relevance of 10000 years anyway?

@LouHodo

Rough estimate how far in the future Eve takes place

@Scipio_Artelius

You’re out by 100%

It’s past the Earth equivalent of the year 23000

God damn, you guys are way off. We are nowhere near the galaxy where Earth is at. Hell, we don’t even know where the galaxy is at relative to us and we have been completely isolated from the Milky Way Galaxy for over at least several thousand years since the Eve Gate collapsed and we even regressed technologically with the survivors never realizing they were not alone in the stars. The economic model that drove our expansion into New Eden before the collapse of the Eve Gate no longer exists. We made our own economic model completely separate from that of the Milky Way Galaxy. Inflation therefore has no relevance.

As for what happened to Earth and the Milky Way, no one knows. The Eve Gate is still closed and has been for as long as our historical records have existed.

[Bjorn_Tyrson]

There are examples in the lore of even independent baseliners owning things like shuttles and even frigates. Which implies that while they may be very expensive, far more than a broom pusher could ever afford. That they are still attainable. At least the smaller ones.

That doesn’t take much away from our comparative wealth though. We still fire rounds of ammo in volleys that cost more individually than most people would make in a week.

[Scipio_Artelius]

@Rin_Vocaloid2

God damn, you guys are way off. We are nowhere near the galaxy where Earth is at.

Who claimed we are?

If we went in character, we wouldn’t even remember the name Earth at all.

However, none of that was part of the discussion, and it hasn’t been an in character discussion.

[Rin_Vocaloid2]

I thought you guys were going into character as soon as one of you brought up the 10,000 year inflation.