PLEX is very expensive right now thread

You should stop posting

There has never been any indicator that it is so.
Furthermore, those confiscated PLEX would have a unique ID, and transplanting them to a Buddy reward creates problems far beyond simply issuing a new fresh PLEX.

Who is buying PLEX is perhaps the most important question for CCP in all of EVE history.

Ok, so have never bought PLEX from CCP.
No surprise there.
How many PLEX are you currently in possession of?

Nobody has claimed that. Again, this fallacy.

I dunno wtf happened with Machariels but that went insane at the beginning of June.
In any case, that is not in any way representative of whether players are buying more, or less PLEX from CCP.

So far in this thread, nobody has reported to have bought PLEX from CCP.

Yes, actually there has. IIRC, DrEygoj used such PLEX to intervene in the PLEX market and said so at a previous Fanfest.

Why?

You still havenā€™t answered my question. Why?

No, but the precursor. I couldnā€™t buy PLEX when I was cash poor IG because they didnā€™t exist. If I were a noob today I almost surely would buy some.

5,500.

So these PLEX did come from RL purchases.

How do you know, have you looked for more. I stopped when I found PLEX. This is called assuming the very point you want to make and discarding evidence that does not fit your narrative. It is both illogical and not very intellectually honest.

And this logical fallacy is called an unrepresentative sample.

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Hold on a sec here it must be about inflation to a degree. if in game currency is easy/becomes easy to generate then it makes sense that the cost of everything goes up.

Whenever a financial crisis happens in real life money is printed and given to banks and businesses which lowers the value of the currency. Perhaps we need to look at the game changes which affected how easy isk is to earn. Iā€™ve noticed a massive increase in the price of ships, I remember when a battlecruiser could be sold for around 30m

The introduction of maurauders made it possible to deal more DPS so missions/combat sites could be done faster, it wouldnt be unreasonable to base the plex price on this example.

Well my summary is really that there are too many services within a plex which gives it a value that will fluctuate. This may seem expensive for some of us. I suggested that game time is seperated from plex and another gametime only plex is made which the players will use the market to determine a price.

Another perspective is that isk can be easy to earn if you get yourself in the right position. If your struggling to plex your account Iā€™d say join a Sov corp and benefit from sites in sov space. With a little effort and listening you should be able to earn a good 60/70 mill per day in a short space of time, this is the honest truth and the reality. Have a think about this path if you struggle to earn, you could train an alt to be in sov and help a corp with their sov goals while helpng yourself.

Not as specified via Buddy rewards, or event rewards.

Its far easier to create a new PLEX, than transplant an existing confiscated PLEX with its unique ID to each new Buddy reward. This notion that CCP uses confiscated PLEX ro reward Buddies is a contrived fiction with no evidence to support it.

Why is it important for CCP to know whom are buying PLEX from CCP?
Even if your question is rhetorical, its stupid, and in any case something you can ask CCP if you are interested.

Yet you have never bought a PLEX from CCP. Ok. Case closed.

So you currently own 5.5k PLEX, enough to sub for 11 month, yet you never paid CCP a single cent for any of that.

ā€œAll PLEXs are paid forā€ is a busted myth.

Thats more tru of you, than I. Especially since you are hedged in PLEX, and I dont believe for a second you dont administer more than 5.5k PLEX. You may have missed an integer, and its infact 55k PLEX.

It is what it is. Nobody in this thread has yet reported to ever have bought a PLEX.
I never claimed that to be a representative sample, but it is what is.

Soā€¦my point is that confiscated PLEX have been used in game before. So it could be used for the Buddy System and even in game events. And even if they arenā€™t so what? It is a marketing ploy. If on average a new player brought in via the buddy system pays say 3 or 4 months worth of subscription it more than offsets the PLEX cost. Same thing with the in game events. And if they didnā€™tā€¦is CCP still giving out PLEX for in game activities?

Yet is has been done before, and possibly on an even larger scale. So apparently not that costly if this is even and issue at allā€¦which Iā€™m still wondering why it is an issue.

So you arenā€™t going to answer it. Fine, it is a stupid issue that you are using as a distraction. I see no reason why CCP should give a damn at all.

Because they did not exist when I was an ISK poor noob.

No, but somebody did, and a premium over my old pattern of buying 12 months at a time. So win-win.

Whatever, since you canā€™t prove this it is just simply an unanswerable question at this point.

Good griefā€¦the paranoia is strong with this one. Okay, lets say it is 55,000 PLEX (I wish). So what? That is whatā€¦about 3.7% of the PLEX currently sitting on the market in just the Forge alone and probably about 3% of the total number of PLEX on the market game wide. So what can I do with this relatively small (from a market stand point) amount PLEX? Oh waitā€¦I see because I am holding PLEX from farming a couple of accounts Iā€™m up to no good. Whatever.

Yeah, pretty much nothingā€¦

Iā€™ll admit that most of this discussion goes over my head, but thatā€™s fine; I pick up what I can.

It seems to me that Teckosā€™ comment, above, is rather important. Until the question of where all those PLEX come from, is answered, this particular back-and-forth is likely to continue into eternity, perhaps to nobodyā€™s profit.

The question can reliably be answered only by the producers of the PLEX; CCP. Ask them.

A quick question: Does CCP buy PLEX?

Sorry for any errors/assumptions/ignorance; Iā€™m a simple man when it comes to these things.

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All other things being equal, yes that is reasonable conclusion.

It depends. If there is concern over deflation then yes, expand the money supply. As for banks, youā€™d want to lend to illiquid yet solvent banks, but for insolvent banks you would want to let them fail. Not letting them fail will set you up for the problem of moral hazard. For example in leading up to the financial crisis of 2007/2008 there were a sequence of bailouts that almost surely prompted banks to engage in a greater risk taking across all banks. If this increase in risk taking is large enough, and if banks to not also provide enough reserves then there can be systemic riskā€“i.e. risk that the whole system will suffer the downside vs. say a few banks while the rest remain sound. These include the bailout of Continental Illinois, then the Mexican Crisis, and Long Term Capital Management. These all sent clear signals that financial regulators would bailout even the most imprudent concerns out of fear that it would bring down the whole system. So the reaction to 2007/2008 was to basically bailout all the things further enhancing the problems associated with moral hazard.

In looking at at the rate of growth for ISK it has not been that high lately. Further, ISK is not like fiat currency that is produced, literally, out of thin air. ISK is created by people investing their time and effort into creating ISK. Since the costs of investing more time and effort increases and the marginal utility (usefullness) of ISK is decreasing there is a natural point at which a person will stop creating ISK.

As for the cost of ships and in looking at inflation and money growth it is important to remove both supply side and demand side effects. A nerf or a buff can change the demand for a ship and thus the price. Similarly, CCP tweaking the mineral inputs can effect the costs and thus the supply side and the price. Inflation is not a result of these effects, but of changes in the money supply. So disentangling these things is complicated. The point is that those price increases may not be due entirely to inflation.

I see your argument here and instead of rehashing all those posts it is probably best to just agree we disagree here, at least on magnitude and expectations if such a change were to take place.

That is reasonable advice. And if you find the right group in Sov NS theyā€™ll help you with this as well.

Edit: Oh and regarding bailouts and moral hazard, the Bear Stearns liquidation was another example of how regulators would bailout the creditors for banks. The big fear is always the creditors (i.e. bond holders). Shareholders getting wiped outā€¦meh, that is what you expect when holding higher risk assets. But bonds are not supposed to face that degree of risk because their payment/value is more fixed. The fear was not bailing out the bond holders meant that theyā€™d start pulling out of other financial institutions precipitatingā€¦well to use a term from EVE a failure cascade in the financial system. But by bailing out Bear it was yet another signalā€¦donā€™t worry bond holders we got you coveredā€¦even if you were completely and totally retarded. And this is why Lehman Brothers tottered along for another 6 months. People thought, ā€œWell, if they bailed out the Bear Sternsā€™ bond holdersā€¦theyā€™ll bail us out too, and hey, if Lehman pull a rabbit out of their hat weā€™ll be rich. There is no downside here.ā€ Then the government basically said, ā€œUhhh yeah, we arenā€™t bailing out Lehmanā€™s creditors.ā€ The ā– ā– ā– ā–  hit the ā– ā– ā– ā– ā– ā– ā–  fan. The Repo market basically started a run on the shadow banking system. The government had just dropped a giant duece in the partyā€™s punch bowl. The government tried to clean up the mess by saying, ā€œHey, no weā€™ll bail 'em out,ā€ but it was too late and the panic had set in.

Be very, very glad that the economy in EVE is so damn simple.

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My view/guess is ā€œNo.ā€ Just as your electric utility does not buy the electricity they useā€¦in fact, you pay for that electricity as they will role it into their revenue requirements which is used to determine customer ratesā€¦well if you live in the U.S. Not sure how they do it in other countries.

Thanks, Teckos.
In the UK, electricity is bought (by the energy company) on the wholesale market (I understand), quite a long time in advance. This is why fluctuations in price (downwards) take a while to filter through. Rises donā€™t take quite as longā€¦

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lol, what a hypocrite, when I told that same poster the same thing about himself he couldnā€™t resist telling me how he reported me for it. Thanks for quoting it.

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It seams he grows more angry by the day. Especially if you confront him with reality.

That was not even the worst verbal abuse, his posts are full of it now.

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Okā€¦ strawman or what lol.

I guess you had loads of fun in the xhrs it took to learn Electronic Upgrades 4 from 3.

But Im betting you set it when you went out to work.

They dont have privatised electricity in Murka?

Im suprised.

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I feel like starting an ā€˜Electricity is Very Expensive Right Nowā€™ thread.

Like electricity, PLEX is all around us, in a potential way (ā€˜thin-airā€™ - potential pixels); but in order to be provided to us in a usable way, it must be generated, and its constant supply supported and managed.

Perhaps I stretch the comparison too far. However, my experience of human nature leads me to suspect that those most likely to claim a ā€˜hands-offā€™ approach to anything involving profitability, or an ā€˜open-doorā€™ policy with regard to their willingness to engage with others - are the least likely actually to be offering those things.

If PLEX is very expensive right now, and the reasons are as reasonable as some posters here have suggested, I wonder at the need for such a thread at all.

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I agree.

Either they deal with the price of effectively the gold standard going up or they dont.

The market is not in freefall and just like houses pre 2008 PLEX are more affordable than ever to the lower classes like me.

Thank goodness we dont have depreciation.

That would melt many a mind.

Have you ever heard of Red Markets?

I have :slight_smile:

Then sold them for iskā€¦

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Were you asking me, Ramona?

Iā€™ve never heard the term and, if youā€™ll forgive me, Iā€™ve an assignment to wrestle with, so a quick definition would be welcome.

Oh while its certainly a thing in economics, it was a game I was recently introduced to. It applies market economics to the old zombie apoc idea but it reminded me of EvE, all risk/rewards and everything boiling down to resource expenditure vs human nature.

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a bit late replying to your post #1363 but what happened with Machariel prices was that around that time (June 2017) CCP said something about machs being too cheap due to the drop-rate /ratting so they lowered the bpc drop-rate to push prices up. Obvs. speculators like myself jumped on this. I have some nice T2 rigged machs if you want one cheap :slight_smile:

As to plex increases recently there are several reasons. MCT and extractors at 10 and 15% off are a no-brainer for speculators as you just buy the plex off the market, convert in the NEX store and wait for prices for MCT and extractors to come back from the slight dip.

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