As I've received no feedback from anyone suggesting that this is a violation of any rule, I'm opening the exchange.

If you would like to plex an Eve Online account with your Dust profits, I'm offering to transfer your Dust isk in to Eve isk at a 1:50 exchange rate.

12M Dust isk buys 600M Eve isk
That is, if you have a spare 12M Dust isk, I'll accept it, and deliver 600M Eve isk to your Eve character, from Min Lo, my Eve-side alt.

600M Eve isk buys 6M Dust isk
If you have an Eve-side character with Eve-isk to spare, I'll exchange it to Dust isk at a 100:1 rate. 600M Eve isk delivered to Min Lo, buys 6M Dust isk, transfered to your Dust friend from this character.


Those are initial exchange rates; which will be tweaked in response to one-sided demand drawing down my reserves of either currency, currently about 200M Dust isk and 30B Eve isk.

If you want to try Eve Online, and plex your Eve account (rather than paying your own real world currency to CCP), after the initial free trial expires, you can either earn about 550M Eve-isk per month in Eve, or about 11.5M Dust Isk per month, and then exchange it into Eve, to support playing Eve Online.

I was planning on adjusting the exchange rate, if the exchanges turn out to be completely one sided at my initial rate.

In other words, I'm still perfectly happy to exchange 600M Eve isk to your Eve character, in exchange for 12M Dust isk, instead of 60M Dust isk, but I'd gradually bump the exchange closer to the 10:1/1:10 rate you describe, if everybody wants to exchange their Dust isk for Eve isk, and my Eve isk reserves begin to shrink.

If you want another 600M Eve isk, I'd charge 14M Dust isk, for the second batch.
16M Dust isk for the third batch of 600M Eve isk.
18M Dust isk for the fourth batch of 600M Eve isk.
20M Dust isk for the fifth batch of 600M Eve isk.
23M Dust isk for the sixth batch of 600M Eve isk.
26M Dust isk for the seventh batch.
29M Dust isk for the eigth batch.
32M Dust isk for the ninth batch.
36M Dust isk for the tenth batch.

And so on, interrupting that climb as soon as I start getting customers in the opposite direction.

As soon as I get people who want to exchange Eve isk for Dust Isk, I can begin to stabilize the exchange rate, starting off at about half of whatever my last Dust to Eve exchange was. If you want the first ten batches for 6B Eve isk, it would cost you 226M dust isk, and I'd then be offering Eve Online players batches of 18M Dust isk for 600M Eve isk, adjusting the amount of Dust isk up closer to 36:600 with repeat business.

Also, if you want me to get a referral, you can sign up for your free trial via:

https://secure.eveonline.com/trial/?invc=593ee861-b719-4f43-9286-ac1d1b9f1f80&action=buddy

So you can get a 21 day trial instead of 14 days, and if you then upgrade your account (including via a plex) I'll get a reward I can split with you. If several people do that, it greatly mitigates my risk of miscalculating the initial exchange rate.

If you already know someone else who plays Eve Online, you can get them to invite you instead so they'll get the reward. Ask them for a buddy invite.

Eastern Standard Time, most evenings, and occasionally during the day, more likely on the weekends. Add me as a contact if you like.

Hi, received and replied. As soon as you post in this thread with your Eve Online character's name (an Eve-mail from that Eve character to Min Lo would probably make it easier for me too) and then send 26M Dust isk to me, Gyn Wallace, I'll have Min Lo send you 1.2B Eve isk. Afterwards, if you could post here to confirm the transaction was completed, I'd appreciate it.

Upon completion of the first transfer, the next batch would be available at exchange rates of:

16M Dust isk buys 600M Eve isk, and
600 Eve isk buys 8M Dust isk.

If people kept buying Eve isk, the rate would continue to climb, to:

18M Dust isk buys 600M Eve isk, and
600M Eve isk buys 9M Dust isk.

As soon as I get Eve players buying Dust isk, I can begin to stabilize the rates and tighten them up.

I like the idea of meeting in a chat to complete transactions quickly, but I'd rather not accept your Dust isk so soon, if you're not sure when you'd like the Eve isk delivered. Your rate for the first two transactions is locked in for... let's say a month? If you don't complete within a month, and the rate is climbing, would that be withdrawing my initially offered exchange rate too quickly? I'm really not in a hurry. Any day now, we might all luck out and have CCP announce an official exchange that would make this all much easier for everyone.

I'd prefer to avoid any unnecessary complexity by holding people's money any longer than necessary ( I realize that's a funny thing to write, given my last post's length, and this entire idea of opening an isk exchange, but I am trying to open an exchange rather than a bank).

I'm happy to try to balance "The Customer is always right." and your convenience, with my desire to avoid being associated with Eve's ugly history of "banking."

Hmm. Did the Chribba actually become escrow for this?

The first five batches are gone. I've asked my first customer to post here confirming the successfully completed transactions. I now have 280M Dust isk available and a little over 17B Eve isk available.

For the week beginning Oct. 14th, the following rates are available:

For Dust to Eve transfers, the next available batches are:

23M Dust for 600M Eve, sixth batch;
26M Dust for 600M Eve, seventh batch;
29M Dust for 600M Eve, eighth batch;
32M Dust for 600M Eve, ninth batch;
36M Dust for 600M Eve, tenth batch;
40M Dust for 600M Eve, 11th batch;
45M Dust for 600M Eve, 12th batch;
50M Dust for 600M Eve, 13th batch;
60M Dust for 600M Eve, 14th batch;
70M Dust for 600M Eve, 15th batch;

For the opposite direction of transfers, from Eve to Dust isk, the initial rate has risen to:

600M Eve for 12M Dust isk, for the first batch (Batch "A" from now on, to distinguish trades in this direction).

If no interest in this Eve to Dust transfers manifests, this will continue to rise as Dust to Eve transfers complete. If still no traffic in this direction after someone takes the seventh Dust to Eve batch above, the payout for 600M Eve isk will rise to 13M Dust isk.

---

Flint and General Erick,

If you're still interested, one of you can still have the sixth batch for the initially quoted first batch price of 12M Dust isk, through the end of the week, Oct. 20th.

---

Flint,

If you still want four batches (2.4B Eve Isk) that's 12, 26, 29, and 32 millions of Dust isk. If you only want the first batch, for 12M that's ok too.

Also, since I have confirmed your Eve character's name, I can confirm your request for an exchange at the following rates:
12M Dust isk for 600M Eve isk, or
99M Dust isk for 2.4B Eve isk;
Upon Gyn Wallace's receipt of 12M or 99M Dust isk by Oct. 20th, Min Lo will deliver 600M or 2.4B Eve isk to Flint Beastgood 0 (Zero, not Capital "O") by Oct. 21st. If we catch each other online at the same time, we can complete the transactions then.

I reserve the right to cancel this transaction and return any Dust isk you send me for a variety of reasons including things like: CCP people frowning at me about it; Tranquility server taking a dive on Sunday so I can't complete; someone else coming along and offering me a rate so good I can't refuse them.

If the transaction completes and you experience buyer's remorse and want to reverse the transaction, you must let me know by Oct. 23rd. You get three days after I've delivered to change your mind and reverse the transaction. After that, the deal is done, i.e. irreversible.

Feel free to post here if you have any questions, or you can just send the Dust isk to Gyn Wallace. If I check and see that you've sent the isk well before your deadline, the 20th, I'll try to complete my end early as well.

23m for the next one, huh? And I'd message you on Dust with the name of an EVE character, get a reply, then send ISK? That's the general gist of it?

The time required to make 36 million in Dust vs. 600 million in EVE isn't even close to comparable.

It's not really about new guys though, as the target Dust players wouldn't be "new" either. I'm sure there are Dust players that grind away everyday and get tons of money.

I do have outstanding orders. I've updated the first post. Hopefully the status of the queue, is clearer now. (That's someone else whose queued up for the next 4). I have some inquiries but no requests for the next batch. Should I queue you up for the 14th through17th batches?

Sounds good, I'll update the first post and await word from Flint.

#1 You, the CE Code seller and I all agree on the terms of the exchange (including delivery schedule) on the Dust forums
#2 You pay me 110M Dust isk (105M +5% escrow fee, assuming that this doesn't happen quickly enough to get the lower exchange rate); I tell CE code seller that you've paid me.
#3 CE code seller gives me the code.
#4 I verify the validity of the code, somehow?
#5 I give the CE code seller his 700M Eve isk and give you the CE code.

I thought about suggesting a similar arrangement, but it is nice to see someone else had the same thought. I donGÇÖt have enough ISK on DUST side to run something like this myself anyway.

Sure, I just dropped the rate for Dust to Eve transfers; 600M Eve only costs 115M Dust now. I'll maintain that ratio for a smaller batch for a returning customer. For example, 57.5M Dust would buy you 300M Eve, Flint.

Just completed another big Eve to Dust transfer, so the rates have fallen again, updated on first post. 300M Eve will only cost you 55m, Flint. In fact, unless you've changed Eve characters, I'll just send the 300M to Flint Beastgood 0 (zero, not "o"). I'm confident that you're good for it, as my longest running repeat customer, so just let me know if you want the 300M sent there or to a different alt, and send the 55M at your convenience.

As one of my longest running customers, I don't think I'll even bother to clutter up the queue: 250M Eve sent to Flint Beastgood 0 from Min Lo. Please send the 52M Dust to Gyn Wallace, at your convenience.

-Gyn Wallace/Min Lo

Well, I've made my first butter-fingers error. When updating recent customers about the rate change by evemail I've mistakenly offered someone an exchange with an obvious error. I wrote,
where the underlined "5" should have been a "2".

I was sent 104M by this customer, and sent them 572M Eve isk (5.5x 104M). They had doubled the 52M in the quote and were expecting another 572M.

What's the right way to fix this? I've immediately offered to reverse the transaction, since they were clearly expecting a 1 to 11 exchange rate. Is this enough? The root of the problem is my typo.

Edit: I'm considering refunding 52M Dust isk (resulting in precisely fulfilling the original quote that contained the typo.) I don't want the community to expect that solution though. Reversing an unsatisfactory transaction (if requested within three days) is the primary remedy; the only remedy I feel bound to provide. I don't want the community to expect me to complete transactions wildly outside the normal exchange rates, if I make a typo that includes an extra digit . Or for example, If I'd omitted the underlined "5" in, "52M Dust isk would buy you 275M Eve isk." I think someone might send me 2M Dust isk and then demand 275M Eve isk, but I don't think someone could send me 200M Dust isk and reasonably demand 27.5B Eve isk, based on that error.

I'm undecided on whether my current offer to reverse the transaction is sufficient, or whether I should honor the quote in my typo and refund 52M Dust isk to this customer. The community's thoughts on the right solution are welcome.

The potential new rates would look something like:

and

Is this still an offer?

If not, what can 30 million DUST ISK buy me in EVE ISK?

I don't know, that doesn't seem consistent with the rumors I've heard about his role in building the big blue donut. Why put any effort into Dust514 if he knew it had no future. I'm still not really sure Dust has no future. Much of the current forum rage seems like a bit of an overreaction. I might still throw a few billion Eve isk at buying Dust isk, at drastically less favorable rates, given the slight impression CCP's given us about the portability of our Dust assets to Legion.

I guess I could offer a sort of Dutch auction for an Eve plex worth of Eve isk (700M Eve isk) to see if anyone wants to pay 7B Dust isk for it, today, and start lowering the Dust isk price by 100M a day until somebody takes it. Maybe some alliance leaders who want to cash out will take me up on it. I don't know. I'm open to suggestions. I might be willing to acquire 20 or 30B Dust isk at the cost of 2 or 3B Eve isk hoping for something like a 1 in 10 chance that we'll get some sort of asset transfer option from Dust to Legion.

Well, here's what I'm thinking.......

Can I have your ISK? (Eve or Dust, doesn't matter :D)

How does that affect your Eve ISK?