I've never played EVE for more than an hour. However, I always find these stories intriguing.
Due to the nature of EVE's player-driven economy, things like this can have a huge impact. In some ways, the value of the ISK could be negatively affected by this.
Actually, the article title is technically incorrect, since this activity was actually an ISK sink, due to the use of ISK in part of buying items from the LP store (which removes ISK from the game). The trillions they made was from other players, not from ISK faucets like NPC bounties. What they generated lots of was the highly valuable items which were then sold to other players. So it would have a deflationary effect instead of inflation.
By recycling LP into LP, they actually decreased the effect of the ISK sink (LP store). This means that ISK that should have been removed according to the intent of the design were not.
Certainly, to some extent. However, CCP releases numbers about the state of the economy on a somewhat regular basis, and it becomes clear that a lot of ISK is tied up in inactive or banned accounts. That's one of their greatest ISK sinks.
Also, you quickly run out of things to buy when you have trillions of ISK. Most people with that kind of money start bankrolling corps (reimbursement programs, etc). This doesn't destroy ISK since it just gets redistributed, but the redistribution allows for more people lose ISK to sinks (inactivity, fees, etc.)
Comments
I've never played EVE for more than an hour. However, I always find these stories intriguing.
Due to the nature of EVE's player-driven economy, things like this can have a huge impact. In some ways, the value of the ISK could be negatively affected by this.
Actually, the article title is technically incorrect, since this activity was actually an ISK sink, due to the use of ISK in part of buying items from the LP store (which removes ISK from the game). The trillions they made was from other players, not from ISK faucets like NPC bounties. What they generated lots of was the highly valuable items which were then sold to other players. So it would have a deflationary effect instead of inflation.
By recycling LP into LP, they actually decreased the effect of the ISK sink (LP store). This means that ISK that should have been removed according to the intent of the design were not.
Certainly, to some extent. However, CCP releases numbers about the state of the economy on a somewhat regular basis, and it becomes clear that a lot of ISK is tied up in inactive or banned accounts. That's one of their greatest ISK sinks.
Also, you quickly run out of things to buy when you have trillions of ISK. Most people with that kind of money start bankrolling corps (reimbursement programs, etc). This doesn't destroy ISK since it just gets redistributed, but the redistribution allows for more people lose ISK to sinks (inactivity, fees, etc.)