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blankseplocked Lets discuss AUR .
 
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Sri Nova
Posted - 2011.06.26 05:51:00 - [1]
 

Word of warning for those smarter than me I am no economist and I suck at math so if you have a better understanding of competing currencies and virtual economies then this may be a waste of time
although I would greatly welcome your opinions. .


Eves market is tied to resource production in which players convert the raw resources into usable items for the player base . The player base acquires the items through a mutual agreement represented by an exchange of a virtual currency called ISK . ISK unfortunately comes from a never ending faucet and because of this it is loosing value daily. While this is a problem it is a a extremely large can of worms we do not wont to get into . The base idea is that the longer eve is around the less buying power players in eve have.

With the introduction of AUR we have what may be a competing currency in game . Im not sure if the Currency Cycle has this right. it looks harmless enough but is it really?.

Now for the hard questions

With AUR being used to purchase vanity items, is it going to positively or negatively effect the value of ISK?

I feel it will negatively effect the value of ISK and diminish the players buying power.
Sticking strictly to a vanity only model of MT will diminish the effect . but the more popular vanity items become the the more ISK it will take to buy them. Thus speeding up the diminishing value of ISK and increasing the costs of everything in game .

With AUR being used to purchase player boosting items, is it going to positively or negatively effect the value of ISK?

Again I feel it will negatively effect the buying power of ISK but with exponentially greater damage .
This would create a forced demand for those items that would create a vicious circle of players having to buy these items in a effort to remain competitive and or effective within the game.

Basically the more desirable AUR becomes the more ISK loses its value and the more expensive every thing else becomes in game .

Arvir Aris
Posted - 2011.06.26 06:53:00 - [2]
 

It's creation of additional demand for ISK that goes to feed something not directly tied into the market, so yes it's going to cause inflation. The fact that additional demand for these items will drive their prices up only means that the inflation will be more accelerated.

Spot on, good post.

Akita T
Caldari Navy Volunteer Task Force
Posted - 2011.06.26 06:56:00 - [3]
 


Conrad Lionhart
Gallente
Posted - 2011.06.26 07:04:00 - [4]
 

Buying AUR just means more PLEX is going into the economy.
PLEX has already been in the game for a long time. How will AUR buying vanity items make the economy worse? More PLEX = lower PLEX prices. Win for me, since I play with PLEX.

AUR used to purchase things like ships, etc, will have a negative effect on the economy, yes. Pretty sure even CCP doesn't want that, becase they don't want the miners, traders, haulers and manufacturers to go out of business. AUR alone cannot keep the economy up.

That is why people are now rioting over something which CANNOT come to pass anyway. Even if CCP are money grubbers, they will research things carefully before selling ships in the AUR store. AUR cannot keep the entire game's economy up alone. Not everyone can buy stuff with AUR. They cannot introduce something that will put miners like me out of job.

Xyla Vulchanus
Amarr
Sarz'na Khumatari
Ushra'Khan
Posted - 2011.06.26 07:10:00 - [5]
 

Originally by: Conrad Lionhart
Buying AUR just means more PLEX is going into the economy.
PLEX has already been in the game for a long time. How will AUR buying vanity items make the economy worse? More PLEX = lower PLEX prices. Win for me, since I play with PLEX.

AUR used to purchase things like ships, etc, will have a negative effect on the economy, yes. Pretty sure even CCP doesn't want that, becase they don't want the miners, traders, haulers and manufacturers to go out of business. AUR alone cannot keep the economy up.

That is why people are now rioting over something which CANNOT come to pass anyway. Even if CCP are money grubbers, they will research things carefully before selling ships in the AUR store. AUR cannot keep the entire game's economy up alone. Not everyone can buy stuff with AUR. They cannot introduce something that will put miners like me out of job.


This is incorrect. More and more plex will be introduced into the system, not due to massive supply but greatly increased demand (as people will need Plex for Aur). This will mean that (a) Plex prices will go up and (b) due to inflation, the amount that the Plex is worth in real terms will go down. So basically, we will all get a lot less for a lot more.

Funny, that you say they can't put miners out of a job - that's exactly what they are going to do.

Kiran
Minmatar
Knights of Azrael
Anti-Social Outcast
Posted - 2011.06.26 07:12:00 - [6]
 

Originally by: Conrad Lionhart
Buying AUR just means more PLEX is going into the economy.
PLEX has already been in the game for a long time. How will AUR buying vanity items make the economy worse? More PLEX = lower PLEX prices. Win for me, since I play with PLEX.

AUR used to purchase things like ships, etc, will have a negative effect on the economy, yes. Pretty sure even CCP doesn't want that, becase they don't want the miners, traders, haulers and manufacturers to go out of business. AUR alone cannot keep the economy up.

That is why people are now rioting over something which CANNOT come to pass anyway. Even if CCP are money grubbers, they will research things carefully before selling ships in the AUR store. AUR cannot keep the entire game's economy up alone. Not everyone can buy stuff with AUR. They cannot introduce something that will put miners like me out of job.


Your a bit naive.
The world is not rose tinted so take off your glasses please.

MotherMoon
Huang Yinglong
Posted - 2011.06.26 07:13:00 - [7]
 

bigger issue. Aurum was made so that things didn't have to cost a whole plex.

but everything cost a whole plex anyways.

So why is there aurum in the 1st palce?

Allyria Kylari
Posted - 2011.06.26 07:13:00 - [8]
 

Originally by: Xyla Vulchanus
Originally by: Conrad Lionhart
Buying AUR just means more PLEX is going into the economy.
PLEX has already been in the game for a long time. How will AUR buying vanity items make the economy worse? More PLEX = lower PLEX prices. Win for me, since I play with PLEX.

AUR used to purchase things like ships, etc, will have a negative effect on the economy, yes. Pretty sure even CCP doesn't want that, becase they don't want the miners, traders, haulers and manufacturers to go out of business. AUR alone cannot keep the economy up.

That is why people are now rioting over something which CANNOT come to pass anyway. Even if CCP are money grubbers, they will research things carefully before selling ships in the AUR store. AUR cannot keep the entire game's economy up alone. Not everyone can buy stuff with AUR. They cannot introduce something that will put miners like me out of job.


This is incorrect. More and more plex will be introduced into the system, not due to massive supply but greatly increased demand (as people will need Plex for Aur). This will mean that (a) Plex prices will go up and (b) due to inflation, the amount that the Plex is worth in real terms will go down. So basically, we will all get a lot less for a lot more.

Funny, that you say they can't put miners out of a job - that's exactly what they are going to do.



This precisely. All CCP is trying to do is create demand stimulation for PLEX and recover their current development costs for three different games.

Conrad Lionhart
Gallente
Posted - 2011.06.26 07:18:00 - [9]
 

Edited by: Conrad Lionhart on 26/06/2011 07:18:29
Originally by: Xyla Vulchanus

Funny, that you say they can't put miners out of a job - that's exactly what they are going to do.



If they do, then I will unsub because I cannot play with PLEX anymore, and leave. The majority of miners, manufacturers, traders, haulers, etc will leave. AUR cannot make up for the majority of the players. That's my whole point.

If selling ships on AUR really will kill eve's economy, they would never let it happen for a few measly $$$ because their entire game will collapse. Or are you saying AUR alone can keep Eve up?

RUS Comannder
Posted - 2011.07.31 21:33:00 - [10]
 

The OP mentions "economist" and "math" in the same opening sentence. While the OP, correctly, does not equate economics with math, I have seen many instances of posters discussing in many threads addressing the issues before us using the two terms as though they share a common meaning.

Math is totally logical as one plus one always equals two. I know there are those who may want to argue with that statement by giving examples of one apple plus one apple will, depending one the size of the two apples, equal different amounts of applesauce. I urge anyone so inspired to argue against 1+1=2 to please start another thread as even my post is bulging the line of hijacking this thread, but is only intended to define two terms the OP mentioned.

Economics deals with theories about the production, consumption, and transfer of wealth. Math is used in the explanations of economic theories, but then math is used in the study of history astronomy, medicine, science, art appreciation, gas mileage, dart throwing, land navigation, and nearly everything else without any of those categories being called "just plain math" or used interchangeably with math.

Max Romeo
Posted - 2011.07.31 23:06:00 - [11]
 

Originally by: MotherMoon
So why is there aurum in the 1st palce?


Aurum is (Sony) Station Cash.


 

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