Why CCP are you now regulating loot?

If you ever want to see whether the drop chance of a concrete item has changed by CCP, just look at the market. If the price is stable within the seasonal deviations, nothing happened. The market is the best truth you can get.

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Stain has like 5 local groups of players:

  • North-East - random players, which lives there temporary and visitors from nearby TEST/BRAVE space. Mediocore combat and exploration PVE activity;
  • South - a relatively big Russian group. They building something big there. High level of carebearing. Constellations JG-ZLG, T-L301, Q0-17V, H-QXM7 are almost dry of combat/relic sites during Russians time zone;
  • Center - Sax with a big Keepstar in 37S-KO (if I’m not wrong). Their local presence is low, so there are more sites available. Every second local is on Astero or Stratios there;
  • South-West - another small group. Mediocore PVE/PVP. Moon mining mostly ;
  • North-West - looks like a Goonswarm friendly group, which doing every kind of content. In their Constellations are the only gatecamps in the Stain.

Global map shows no pilots in Stain space, because the transition of locals (Explorers) is high. The exploration activity is high there.

Any local, which isn’t affiliated to those groups, just passing the region in an Interceptor or is an explorer from nearby regions or just dropped from Thera. So, the signature farming in Stain is high enough and much higher than in many other Null-Sec regions. The signature respawns, looks like are higher, and the loot in quantity and quality is higher.

Yes. But at initial ‘time moments’ you’ll get like 7-10 Intact Armor Plates, while over time you’ll get 2-4. Anyway, Stain and Sansha space isn’t affected by quota so much.

Considering Delve is probably the only thing keeping the money supply from shrinking maybe it is a good thing.

Seriously…stop it with “the money supply is growing too much/there is too much inflation” nonsense. Learn to read the MERs learn what happens to economies if the money supply starts shrinking too much.

Here are two graphs, thanks to CCP Quant, of the daily money supply growth rates (using 4 day rolling averages to smooth out the data a bit). First up is August to November 2012. The average daily growth rate is 0.07%.

moneysupply_augnov_2012

Next is August to November 2017, where the average is 0.035%/day.

moneysupply_augnov_2017

The money supply growth for the later time period is much lower on average, and lower in general. In 2012 the money supply from Aug. 2012 to Nov. 2012 grew about 8.5%. Whereas the money supply for the same month in 2017 has grown 4.1%.

Was the economy running off the rails due to excessive ISK and hyper-inflation in 2012? No. Chances are it is not going to do so in 2017.

There is no issue with the money supply that I can see. Or if there is…it is that there is not enough growth. Yes, you read that correctly. What happens if the money supply grows at say 4%, but the real economy (production less destrcution) grows at say 8%? You are making more stuff at a rate faster than the money supply is growing? Please do not say inflation.

Seriously, everyone says, “People should be using their space, doing stuff in it. Farms and fields. Yadda yadda yadda.” So Goons get kicked out of Deklein and the north/northwest, they move to Delve and start doing that with a vengence and everyone is suddenly aghast. What in the general f**k?

Hint: In answering my question about the growth of the real economy and the growth money supply please do not use disinflation either. Use the other ‘d-word’.

And here is another point to consider:

How much, in the last three months, have Goons imported to Delve? In looking at the MERs 227 trillion ISK worth of goodies.

227 trillion ISK.

Now, it is possible that Goons not living in Delve are doing all that producing and selling and so forth. However, that is the mother fecker of all stretches. Chances are virtually all of those goods being imported are being produced by non-Goons. That is, Goons are buying ALOT of stuff from the rest of you.

Not always.

In EVE works only one kind of economy - the market economy, defined by supply and demand.

For example, let’s talk about T3 Cruisers after they was reengineered this summer. Loki and Proteus has the same Industry price in required components, but due to the new Loki’s combat abilities they became very effective in fleet PVP and got higher demand on markets. This turned into their prices Loki 220M ISK, Proteus 150M ISK.

During the Goonswarm Tribute Campaing, this summer, with hundred of Dreads they used hundred of Jackdaws and Confessors. This turned into their increased prices from 24M ISK to 100M ISK (now it cost around 50M ISK) due to constant supply and increased demand.

The drop chance on Sleeper components didn’t changed.

This Yoiul Event has rats which drops Augmented Drone BPC. Players want to make money on those Augmented Drones. This turned into increased price on Drone Capillary Fluid significantly by hundreds of %.

So, everybody doing those drone sites now.

I can confirm, that drop chance and drop quantity on those Drone Fluids didn’t changed last year.

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I don’t argue vs what Goons doing in Delve. It makes sense, because there are like average 1000 players in Delve, which farming during 24/7. I’m just pointing that 1000 players in Delve printing/mining much more ISK than 5000 explorers overall the EVE Low-Sec and Null-Sec space due to available graphs.

Goons building Titans in Delve, without keeping the money supply.

The Money Supply Growth Rate (MSGR) from 2012 and 2017 shows correct values, as they must be. Delve shouldn’t align MSGR of 2017 to MSGR of 2012, because in 2012 was 45k online players (which did missions, mining, rating, salvaging, incursions etc) while now there are 25k online players (which doing the same thing). In 2012 was like two times more players and at that time was two time more MSGR 8.5%, comparing to the current 4.1%.

The ISK amount must be defined by Quantity theory of money, based on pure economy.

In monetary economics, the quantity theory of money (QTM) states that the general price level of goods and services is directly proportional to the amount of money in circulation, or money supply.
Mainstream economics accepts a simplification, the equation of exchange:

M ⋅ V = P ⋅ T

where
M is the total amount of money in circulation on average in an economy during the period, say a year.
P is the price level associated with transactions for the economy during the period
T is an index of the real value of aggregate transactions.
The previous equation presents the difficulty that the associated data are not available for all transactions. With the development of national income and product accounts, emphasis shifted to national-income or final-product transactions, rather than gross transactions. Economists may therefore work where
V is the velocity of money in final expenditures.

In other words, on the market should be enough money (ISK) to buy all possible/available goods. If goods in prices are more than available printed amount of money the deflation happens - a drop in prices. If goods in prices are less than available printed amount of money the inflation happens - a grow in prices for the same goods.

In this case the loot drop chance is limited by quota, while money printing isn’t. This turns to inflation on the markets for the most types of stuff.

For this and other diagrams I have only one answer, which a good professor of economy told us once at university, by explaining the true sense of statistical diagrams.

“Let’s say statistically both of us ate a chicken. Me and you, Teckos. But actually I ate 2 chickens while you ate 0 chicken.”

Read my words again, I didn‘t say a sudden change in price is an indication for a change in drop chance. :wink:

Interesting. So you are noting a change in the demand given a shift in the Loki’s combat abilities. This still allows for supply and demand to work, just that costs are not the only deciding factor. People often conclude that price is determined by costs alone which is generally incorrect.

Again, this is not really relevant. What is relevant is how much is the real economy growing vs. the money supply. While number of players can affect both, looking at the money supply relative to just number of players is not very helpful.

I don’t think that is quite what the that monetary theory identity says. It says that the money supply and the velocity of money (M * V) is equal to (identical actually as this is actually an accounting identity) to price * the real value of transactions–i.e. the money supply combined with velocity should be sufficient to sustain nominal transactions. not all possible transactions.

Also, be careful reasoning from an accounting identity. Yes any theory one has should satisfy the accounting identities, but there are many theories that satisfy the accounting identities. Accounting identities are tautologies and thus are largely theoretically vacuous.

This would be true if there is only real goods via loot drops.

It is true that what is going on at a disaggregated level is important, but the point is that pointing to Delve and complaining about what is going on there is more Grrrr Goons than anything grounded in solid economics or evidence. The amount of ISK Goons make off bounties is minor compared to what they import into the region.

In looking at the raw data (gasp I know I’m Goddamned crazy) Goons imported, from the rest of New Eden,

266,689,200,679,748.00 ISK

Chances are much of that was bought form non-Goons. Goons being economically successful in Delve means that other players are also economically successful. Yes, Goons also exported the following:

181,578,666,785,126.00 ISK

Still Goons have an 85.1 TRILLION ISK trade deficit with the rest of of the game economy.

These complaints about Goons can be summarized via the following:

“Oh boo-hoo Goons are getting rich and are making me rich too, something must be done to stop this!”

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Goons getting rich, that’s not news.

No indeed not, but that in doing so Goon’s also help other players get rich is probably shocking to some of the people who post here, to say the least. In fact, most of them would probably have a fit and fall in it.

I think the point was not that goons get rich, but rather that goons are not limited in how rich they can become with their isk-printing while people who rely on drops are actually competing against each other to get their share of isks (from goons)

Of course they are limited. ISK is like bitcoin a synthetic commodity currency. A commodity backed currency is one backed by a given commodity, usually a precious metal like gold or silver (sometimes both). The money supply is thus regulated by the price of the commodity and the cost of finding more of it. For example, if gold production falls below the growth of real economic value there is deflation and that increases the incentive to prospect for more gold. Similarly when the reverse is true, there is less incentive. With ISK the commodity is time which has value. Nobody is going to keep on ratting past the point where their enjoyment of ratting is less than the value of the ISK they obtain. And similarly with mining.

Another way to see this…why didn’t Goons earn 90 trillion in bounties and 500 trillion in mining value? Clearly there is an upper limit here.

As for those who are competing, well…start using the same methods as Goons or some variation on it. If it is working for Goons, then try imitation possibly with some variations. When the assembly line came along competitors copied the idea, they didn’t go lobby their Congressional representatives to tell Ford to stop using the assembly line (although that might be what would be tried these days).

And FFS, an economy is not negative sum or zero sum. An economy is generally a positive sum process/game. When the Goons imported 85 trillion ISK last month to Delve it made other players who were supplying those goods better off. This is true because nobody forced those players to make those sales. So this notion that there is a “share of ISK” is just not valid.

Pfft.

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