|
|
| Author |
Thread Statistics | Show CCP posts - 0 post(s) |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
3
   |
Posted - 2013.09.19 13:54:00 -
[1] - Quote
I'd like to open an ISK exchange between Dust and Eve. It would operate as follows.
An example,
A Dust player wants to try Eve, makes a 14-day free trial character, likes it, and wants to continue playing Eve, by plexing his Eve account. He was frugal and kicked ass within Dust, so he has plenty of Dust ISK sitting around. He pays 5 million ISK from his Dust character to me, in exchange for my Eve character giving 500 million Eve ISK to his Eve character. His Dust character can convert his Dust ISK into Eve ISK, through me (and my Eve character), at an 1 to 100 exchange rate.
Another example,
A rich Eve player has lots of ISK and wants to help fund his Dust allies equipment for a FW or PC match. His Eve player gives 505 million ISK to my Eve character, in exchange for my paying 5 million ISK to his Dust buddies.
Combining the two above examples, I make 5 million Eve-side ISK, while Dust and Eve players get to exchange their currencies at 1:100 and 101:1 exchange rates.
I'm not asking CCP to enforce my arrangements, or provide security to me or my potential clients, I just want to know:
#1 Is this kosher or would CCP consider it a violation of RMT rules, despite there being no "real" money involved? In other words, is Dust "outside" Eve Online such that my examples would be considered rule violations?
and
#2 What do Eve and Dust players think the initial exchange rate should be, if my above examples are way off? I don't want to rapidly run out of Dust or Eve currency. Until competition closes the gap in exchange rates, I'd probably begin with a larger margin than the above examples, but figuring out exactly how large, requires feedback/proposals from the rest of you.
I don't want to wait for CCP to implement a currency exchange if we don't have to, but I also don't want to break any of CCP's rules.
Thanks for your thoughtful replies,
Gyn Wallace, Dust-side
Min Lo, Eve-side
P.S. I'm hoping someone at CCP recognizes the advantage of giving Eve players the option of plexing their accounts by either playing eve well enough to make and extra ~550M ISK/month in Eve OR by playing Dust well enough to make ~5.5M ISK /month (or whatever the exchange rate wind up as). Since an exchange should be a boon to both Dust and Eve, I don't understand why it hasn't been implemented yet by CCP. So long as there is no rule standing in the way, I'll happily implement an exchange myself. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
3
|
Posted - 2013.09.29 15:10:00 -
[2] - Quote
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 you 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. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
4
|
Posted - 2013.10.03 23:53:00 -
[3] - Quote
Flint Beastgood III wrote:EDIT2: Probably shooting myself in the foot, but I'm all for openness and honesty so...
If it can be a chore or hard/time consuming to get enough money in EVE to plex your account it makes sense it should be as hard (or take as long to accumulate enough money in ISK), thus making a 10:1/1:10 exhange rate between EVE and DUST more suitable. Thay way you would have to make 60 million per month in DUST just to send to EVE, so you'd have to be making more on top of that unless you only run BPOs or have a large stockpile of gear (or never die, lol). 12M ISK is too easy to gain in a month (IMO).
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=b97cac8d-261b-4df5-a663-faf57c36d383&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. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
4
|
Posted - 2013.10.04 00:28:00 -
[4] - Quote
Aikuchi Tomaru wrote:And this is the point where I nope out.
Can you explain why you would expect anyone to continue exchanging currency in one direction at a fixed rate? If I immediately begin getting business in the opposite direction, I could begin tightening the exchange rate immediately.
How else should I (or anyone for that matter) mitigate the risk of choosing an initial exchange rate that differs substantially from whatever rate the market eventually drives?
If there's a good reason why I should continue to exchange Dust isk into Eve isk at a 1:50 ratio, I'll listen/read it.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
4
|
Posted - 2013.10.04 00:42:00 -
[5] - Quote
Thurak1 wrote:Not to be a jerk but what guarantee do players have that you will be honest? What prevents you from simply running off with my isk?
I would much rather do this through a service in game. no offense but i dont trust anyone.
Frankly, nothing. Although I think this has more to do with hope than trust.
I'm hoping to discover the real exchange rate between Dust and Eve, and to earn a modest commission for this undertaking. If my commission is immodest, or I fail to complete transactions, I can be sure that no one else will use the service I'm offering. They will either prefer someone with a more competitive exchange rate, or fore go any exchange.
I would suggest that I'm happy to mitigate the risk that I'm just a scammer, by using smaller batches initially.
If you don't feel like risking 12M Dust isk for 600M Eve isk. I'll start with smaller batches: 6M Dust for 300M Eve.
If I go much smaller than that though, the time for completing transactions might become more valuable to me than the potential profits from running an exchange. Keep in mind that I need to mitigate my risks as well; if CCP builds a much stronger link between Dust and Eve, so that very wealthy Eve players decide that they want to buy Dust isk, I could find my entire Dust isk holdings bought out very quickly.
The only other way I can think of to mitigate the risk of being scammed, is to state agreements here in the forum. If people are willing to waive their privacy, I'm entirely content to conduct each exchange in full public view, including arranging a time when we can both log on to complete the exchanges in Dust and Eve.
Honestly, I half expect to lose a little money getting this set up and running, but in the process show CCP that making a secure isk exchange between Dust and Eve is something their customers want and they should build.
I'd be perfectly happy to be put out of "business" by a CCP run, completely scam risk-free exchange. Maybe in the mean time, we as players can inform them of what exchange rate the market would bear.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
4
|
Posted - 2013.10.04 01:03:00 -
[6] - Quote
deepfried salad gilliam wrote:I like it, but for simplicity in the exchange rate I recommend 1 dust to x eve isk and x eve isk to 1 dust isk with 5% tax each way
It'll make listing and changing the rate easier, also maybe start a corp named the isk exchange and list the people that you send the isk to ajdnd the current rate
That's kind of where I want to wind up, once I have some repeat business in both directions... at least until CCP builds something official and relatively risk free. Until then, I like the idea of working in some kind of minimum batch, to prevent people from asking me to exchange 12 Dust isk for 600 Eve isk (Not millions; miniscule amounts).
I'm open to persuasion though. I'm willing to listen to people's suggestions for what the initial exchange rate, and minimum batch should be.
I think Flint Beastgood III's suggested 1:10/10:1 rate might underestimate the degree to which very wealthy Eve players could completely buy out my entire stock of Dust isk. Eve traders, industrialists, alliance leaders, etc. can earn 600M Eve isk more easily than a Dust player can earn ~12M isk.... I think. I'm not really sure there are many Eve-side who are interested in hedging against the possibility that they'll want lots of Dust isk as CCP builds up the connection between Dust and Eve.
But by opening this exchange I guess we'll find out. I've got a fair amount of Dust and Eve isk that isn't invested in anything else, so I'm willing to take the risk of miscalculating the initial exchange rate.
I might even just wind up serving as a broker. If I link up Flint with an Eve player, and they take advantage of the buddy program and establish an initial exchange rate; I might be able to quickly close the margin (or tax as you put it, Deepfried) on these transactions. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
4
|
Posted - 2013.10.05 16:24:00 -
[7] - Quote
low genius wrote:well... your exchange rate is pretty high. that's all.
Yea, I'm more worried about wealthy Eve players (some have trillions of Eve isk) wiping out my Dust isk inventory, than the opposite, but that's why I'm planning on quickly adjusting the exchange rate if the traffic is one-sided.
Flint Beastgood III wrote:When are you usually on Gyn?
Eastern Standard Time, most evenings, and occasionally during the day, more likely on the weekends. Add me as a contact if you like. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
6
|
Posted - 2013.10.05 16:52:00 -
[8] - Quote
I'm thinking about modifying the offered exchange rate away from 1:50 Dust to Eve and 100:1 Eve to Dust, next week, since there seems to be more interest in Dust players trying Eve, than Eve players funding their or their friends playing of Dust.
I'm thinking a rate more like 1:40 and 80:1 might draw more interest in isk traffic from Eve to Dust. Since an Eve plex costs a bit under 600M isk, and makes a nice reference point for minimum batch sizes, that would be:
Next week's proposed rate (beginning Oct. 6th, 2013):
15M Dust isk buys 600M Eve isk, and
600M Eve isk buys 7.5M Dust isk.
Flint, low genius, and General Eric; you've all expressed interest in my initial offer, so the 12M Dust isk for 600M Eve isk offer persists for you guys, if one of you wants the first batch.
I'm also thinking about foregoing any kind of escrow services, to secure these exchanges, in light of my recently rereading the Dust forum rules and finding,
"In addition, you agree not to use the Site for any unlawful purpose or in any way that might harm, damage, or disparage any other party. " - Dust Forum rules, from dust514.com/terms-of-use , emphasis added.
That's a lot less scammer friendly than Eve Online typically is. I think that means that I should expect to get banned if I were a scammer trying to rip people off on the Dust forums. So unless someone gives me a good reason to reconsider, I'm getting less interested in paying a third party to secure these transactions. If someone else want to pay for it though, I'd still consider delivering first, to someone as well known as Chribba, if someone wants to pay him for his escrow services, out of their pocket, out of their side of the exchange rate. I'll follow up some time with a hypothetical for how I'd imagine/propose that would work.
Right now, I'll state clearly and unequivocally, that if you make an agreement with me here on the Dust forums, I'll fulfill that agreement so that if you send me Dust isk to be exchanged for Eve isk, I'll complete the transaction, or if I CAN'T (perhaps someone deletes their Eve character or gives me an Eve character name that doesn't exist, so I CAN'T complete a transaction) I'll refund the Dust isk.
Similarly, for the benefit of Eve players who wish to transfer isk to their Dust players, I will either complete agreements made here on the Dust forums to exchange Eve isk for Dust isk to your Dust character, or refund Eve isk for transactions I CAN'T complete.
Gyn Wallace, Dust-side
Min Lo, Eve-side
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
6
|
Posted - 2013.10.05 17:53:00 -
[9] - Quote
Flint Beastgood III wrote:You have DUST mail BTW.
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.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
6
|
Posted - 2013.10.05 18:44:00 -
[10] - Quote
ChribbaX wrote:That would probably work so that I get the names and values involved in the exchange.
EVE ISK gets sent to my pilot in EVE obviously, and DUST ISK gets sent to this character, and then I send accordingly, minus fee's etc (whatever I would think that would be).
All and all, of course assuming that CCP does not object.
/c
Thanks for posting. Do you also offer excrow services for privacy? I think we're all prohibited from scamming people through this forum, so that escrow services would generally be unnecessary for people willing to have public transactions, but I'd imagine that people still might like to use your services, not just for added security, but for privacy as well.
I'm happy to do business with you, where only you know your ultimate customer's identity.
I imagine the process would look something like the following (at current rates and presuming an escrow fee of 5%) for an Eve to Dust exchange:
1. You (ChribbaX/Chribba) and a client (DustPlayer/EvePlayer) agree on an amount and fee.
2. EvePlayer transfers 630M to Chribba (if your fee were 5%, ~30M would be your fee on 600M)
3. You inform me, by posting here, that you're ordering the next batch, including:
-Proposed rate: 600M Eve isk for 16M Dust isk, from Chribba to ChribbaX, within 1 day/3 days.
4. I agree, by posting here, confirming exchange rate and timeframe.
-Agreed rate: Gyn Wallace to deliver 16M Dust isk to ChribbaX, within 1 day; Chribba to deliver 600M Eve isk to MinLo within 3 days.
5. Gyn Wallace transfers 16M Dust isk to ChribbaX, within 1 day of agreement.
6. ChribbaX transfers 16M Dust isk to DustPlayer, within 3 days of agreement.
7. Chribba transfers 600M Dust isk to Min Lo, within 3 days of agreement.
8. ChribbaX posts here to confirm completion, (just for the first couple transactions).
At any point prior to your taking steps 6 and 7, you could cancel the transaction and reverse Steps 2 and 5.
Am I making it too complex or misunderstanding anything? Is that a realistic time frame?
This would differ from the normal non-escrow service, where:
1. A client posts here that they'd like the next batch, stating their character names, DustPlayer/EvePlayer.
2. I agree, posting here to confirm:
-EvePlayer to deliver 600M to Min Lo, within a day or two; Gyn Wallace to deliver 16M Dust isk to DustPlayer, within 2 days of receipt.
3. DustPlayer confirms transaction by posting here. (for first few transactions; eventually silence would probably be an adequate indication that everything went well.) |
|
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
6
|
Posted - 2013.10.05 19:01:00 -
[11] - Quote
Flint Beastgood III wrote:Yeah, I'll probably just send it to you in advance and you can give me an IOU until the time comes when I have a seller of what I want, then we'll all meet in a chat to make sure the transfers go smoothly. Thanks.
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."
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
7
|
Posted - 2013.10.16 05:50:00 -
[12] - Quote
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. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
7
|
Posted - 2013.10.16 05:58:00 -
[13] - Quote
Zeylon Rho wrote:Hmm. Did the Chribba actually become escrow for this?
Not yet. I have a third customer lined up for the next four or five batches, whose interest is contingent on using Chribba's escrow service. I've no idea whether that interest will evaporate if they're looking at getting batches 10 to 13 instead of batches 1 to 4. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
7
|
Posted - 2013.10.17 02:49:00 -
[14] - Quote
Flint Beastgood III wrote:CONFIRMATION: 99mil ISK transferred to Gyn Wallace from Flint Beastgood III @ 21:52
Confirming receipt of 99 Dust isk by Gyn Wallace; Min Lo has sent Flint Beastgood 0, 2.4B Eve isk @ ~2:48 Eve time.
Enjoy!
-Gyn Wallace/Min Lo |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
7
|
Posted - 2013.10.17 03:09:00 -
[15] - Quote
deepfried salad gilliam wrote:You should try editing the first post with the newest most relevant info
A very good idea; done.
God Hates Lags wrote: ... Second I know that Kane's rate averaged around 1:8, so your rates are remarkably high on the Eve side.
Third, you should keep in mind in terms of your changing rates that if others start doing the same thing as you (and others are already doing it) there will be competition and you can probably expect players to stop using your services when they become too high for their comfort. Just wanted to make sure you were aware of that.
That all being said, I think that this is the solution to the Dust-Eve isk exchange issue, and that the only real further action CCP needs to take is to greenlight such transactions and create contracts to protect those who use these services. This "flexible exchange rate" is a far better way to regulate both economies than a tax ever could be.
All good points. I probably won't have much of a chance to break even, If CCP acts sooner rather than later and makes an official exchange before strengthening the Eve/Dust connection. That's what I'm really betting on, if my initial exchange rate has over valued Dust isk. I'm hoping the Eve/Dust connection is strengthened before an official exchange opens, so I'll have a chance to sell some of the Dust isk I've been buying in these early batches, and at least break even before an official CCP currency exchange opens. I think Flint touched on the best real measure of their relative value, the RL time it takes a player to earn isk in each game. My optimal Dust isk buying customers are Eve players who can make billions of isk in a very short time, perhaps large alliance leaders, if they decide to fund Dust side players. I wouldn't mind having a billion Dust isk available to sell them.
On the other hand, if I've miscalculated and wind up having traded a bunch of my idle Eve isk for more Dust isk than I can spend, I'll have fun trying, since I play Dust a heck of a lot more than I play Eve these days. :D
I also like the sandbox aspect of the player's supply and demand determining the exchange rate, rather than CCP pulling a number out of the air. I like playing a small part in making that happen. Selling several billion Eve isk for some Dust isk has been the most fun I've had in Eve lately. <- My impression of a bitter-vet rant, lol. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
9
|
Posted - 2013.10.17 14:25:00 -
[16] - Quote
Flint Beastgood III wrote:ON TOPIC: Satisfied customer. Service rating: 4/5.
Nice fast service without complications, but it would've been helpful to have been kept up to date about the demand and the fact that other parties were about to drive up the rates by beating me to it. If I had known that I could've gone out of my way to get the deal done ASAP.
I think that's a fair criticism, though I'm not sure how to fix it without slowing my approach toward a balanced exchange rate. Maybe I should have started out with a higher rate and offered multiple batches at that rate before taking a bigger step up to the next rate. That way people wouldn't be chasing a rate that changes almost constantly. If I were to react to this criticism by changing the available Dust to Eve batch structure to something more like:
HYPOTHETICAL price stepping:
50M Dust for 600M Eve, eighth batch;
50M Dust for 600M Eve, ninth batch;
50M Dust for 600M Eve, tenth batch;
60M Dust for 600M Eve, 11th batch;
60M Dust for 600M Eve, 12th batch;
60M Dust for 600M Eve, 13th batch;
65M Dust for 600M Eve, 14th batch;
65M Dust for 600M Eve, 15th batch;
Then people who wind up with a latter batch wouldn't experience the sticker shock you got by being the second customer instead of the first.
Maybe I can incorporate that idea on the Dust to Eve transfers with sufficient notice to customers who aren't lined up already, and all the Eve to Dust transfers.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
9
|
Posted - 2013.10.17 15:03:00 -
[17] - Quote
Flint Beastgood III wrote:Do you have any outstanding orders? Is this change being implemented already?
If no to both, does that mean that for the next four batches it would be 171mil ISK (36+40+45+50) for 2.4bil EVE?
I have the funds waiting to be transferred.
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?
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
9
|
Posted - 2013.10.19 17:22:00 -
[18] - Quote
Rates revised, as I think I'm approaching the price balance point. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
9
|
Posted - 2013.11.10 17:35:00 -
[19] - Quote
Nerevar Dwemor, if you find this thread and would like to confirm the terms of an exchange, I'll need:
#1: Your Dust character name:_____________
#2: Receipt of either 300M Dust isk or 2B Dust isk (depending on the batch size you confirm here in this thread) from that character to Gyn Wallace.
#3: Confirmation that you'd like the Eve isk (either 2.4B or 14B, depending on the batch size you select) delivered from Min Lo to Nerevar Dwemor. If not, I'd need the name of the Eve alt to receive delivery, confirmed here in this thread.
#4: I ask for a couple of days to complete delivery, in case you don't send me the dusk isk right away, or I don't notice immediately. Historically I've been able to complete transactions much more quickly than 48 hours. If you catch me online, transactions can be completed in minutes.
Let me know if you have any questions.
-Gyn Wallace, Dust side.
-Min Lo, Eve side. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
10
|
Posted - 2013.11.11 03:43:00 -
[20] - Quote
Castor Crave wrote:That would be me, I'd rather do this when both of us are online though.
Transaction completed.
Thanks for the business, Castor.
|
|
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
10
|
Posted - 2013.11.12 03:45:00 -
[21] - Quote
Cash Gash wrote:is this still going on today?
Yes, although someone just made a large exchange, putting a significant dent in my Eve isk reserves, so the exchange rate had been adjusted accordingly. It will come back down as traffic in the opposite direction occurs. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
10
|
Posted - 2013.11.15 14:35:00 -
[22] - Quote
Vell0cet wrote:Since that is a violation of the TOS, the only way to manage something like this is to base it off the supply/demand for EVE ISK vs. DUST ISK in the same way international currency exchange rates are determined.
Exactly, except that neither Kane Spero nor I can print more isk. A private currency exchange has to operate on either a margin between somewhat stable exchange rates and balanced traffic, or speculation that the current imbalance in traffic will someday be reversed. Additionally, I'm approaching the point where the exchange rate I can offer is driven by my falling Eve isk reserves. My net asset value was under 200B Eve isk when I started, and I've already converted about 25B Eve isk into about 2.6B Dust isk. I'm hoping CCP gives Eve players a reason to want to convert their eve isk into Dust isk sometime Soon (TM). As soon as that happens I can establish an Eve to Dust rate, and start creeping the rates back down for Dust players who want to plex an Eve account.
I should update the fist post to reflect the queue changes again..
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
10
|
Posted - 2013.11.15 14:45:00 -
[23] - Quote
Cash Gash wrote:Ok well right now I have my corp raising money to get like 2-3 batches so I can get money coming back in the other direction by getting my old accounts back on. Not sure how long it will take but I will be interested.
If you're returning to Eve after a long break, I'll mention the "hours for plex" feature on the off chance you're not familiar with it. If you log on to the Eve Online account management website, there is an option to activate your account for 4 hours or so, so you can log on to Eve and apply a plex to your account. You no longer have to subscribe with real $ for a month to begin plexing an Eve account that had been inactive.
I mention it partly because its a feature lots of Dust players considering making an Eve account (the likely audience for this thread) might appreciate reading about, even if you were already familiar with it, Cash.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
11
|
Posted - 2013.11.15 15:42:00 -
[24] - Quote
Flint Beastgood III wrote:-deleted-
I think the only fair way to resolve queue order issues is by reference to posts in this thread. I was tempted to put Flint ahead of Cash, just because Flint was my first or second customer, but that would smack of favoritism which I should probably avoid. Also, the rates were adjusted pretty steeply after that big purchase by Castor. Flint has since deleted the content of his post 65, so batches 48-51 are available again.
NEW PROPOSED QUEUE management rule: You can sit in the queue for up to a week without confirming and completing a transaction, but after a week you go back to the end of the queue. The published exchange rates and queue don't impose an obligation on anyone; they are for information and planning; it is the confirmation of the terms of a specific exchange that locks in someone's exchange rate IF THEY COMPLETE the transaction within a week.
I don't want a bunch of queued or confirmed transactions that never get completed. (another complexity of the private exchange that will disappear once CCP builds an official exchange).
Flint, if Cash doesn't confirm and complete an exchange by next week, this means that those batches will become available to the next person in the queue, and Cash would go to the end of the queue, if he's still interested. Although you've deleted your expression of interest in the next 3 or 4 batches, I'd like to note your interest in case Cash withdraws his interest or doesn't complete in a week. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
11
|
Posted - 2013.11.16 04:09:00 -
[25] - Quote
Cash Gash wrote:In regards to the order. Let Flint go first, I dont want to hold anyone up as it will take a fair amount of time for my corp to grind what we need. Definitely longer than a week for three batches. I was more concerned if this was still available to us as I can only grind Dust isk at the moment but could make substantially more with my EVE accounts and transferring EVE isk back to Dust isk for my DUST corp. Basically I wanted to know you were still alive and providing this service, now that I know we are working for three batches and when I am within a week I will let you know.
Sounds good, I'll update the first post and await word from Flint.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
12
|
Posted - 2013.11.26 16:21:00 -
[26] - Quote
Agrios Endendros wrote:
Interested, please contact me.
Eve-mail sent
Gyn Wallace/Min Lo
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
12
|
Posted - 2013.11.27 06:05:00 -
[27] - Quote
The Nov 22nd update is still current, though there are now four newer people (in addition to two prior customers) who've expressed an interest. There are no expressions of interest so specific or certain as to ask me to place them into the queue. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
12
|
Posted - 2013.11.27 15:03:00 -
[28] - Quote
tl;dr version: I'm not doing escrow transactions to help Dust players buy CE codes from Eve players at this time.
An issue has come up where people have expressed interest in my serving as an escrow so their dust players can buy CE codes from Eve players. Since its come up a couple of times, I should address my reservations publicly.
Someone asks me, "Can I pay you Dust isk, and you pay this other guy on Eve whose selling me a CE code?"
My current answer is, "I don't think I want to be associated with that kind of transaction."
Here's why.
When I imagine the escrow process for such a transaction it looks like this (describing it to a Dust player):
#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.
Its the missing step 4 that gives me pause. Without step 4, what do I do when I pass a code to a Dust player and he says, "Hey, this code doesn't work. Its already been redeemed." or "It doesn't work."
Do I pay the seller his 700M isk? Do I refund the 110M isk to the Dust player? If I can't determine which one is being dishonest, my reputation gets tarred by such a transaction. It could be the buyer falsely claiming the code didn't work, in an effort to get a good code for free; it could be a seller selling bad codes. How can I know, even after the exchange is completed?
That's why, unless someone can explain to me how to perform step 4, I'm not doing escrow transactions to help Dust players buy CE codes from Eve players at this time. Sorry for anyone who had to read all this, only to be disappointed.
-Gyn Wallace/Min Lo
P.S. I'm happy to exchange currency at the currently available rate, where your purpose is to get Eve isk to buy a CE code (what you do with your eve isk is none of my business); I just don't want to be a part of the CE code selling transaction, because it seems too prone to troubles. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
15
|
Posted - 2013.12.01 05:36:00 -
[29] - Quote
Jaysyn Larrisen wrote:I now dub thee Gyn "Marcellus" Wallace.
Dux and I get to be Jules and Vincent - calling it!
Note to self: Never chase Bruce Willis into a small Southern store. Which is which? You're Jules and Jaysyn's Vincent?
Agrios Endendros wrote:Excellent service. Highly Recommended.
Thanks for the business Agrios. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
15
|
Posted - 2013.12.07 16:57:00 -
[30] - Quote
queue updated, and I should be online much of Saturday. |
|
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
15
|
Posted - 2013.12.10 02:41:00 -
[31] - Quote
Jebus McKing wrote:I need 1200mil EVE ISK. How is the procedure?
You tell me you want the next two batches (done); I put you in the queue; you, Jebus, tell me the name of your Eve character (and separately send an evemail from your Eve character to my Eve character, Min Lo. After Jebus McKing sends 190M Dust isk to Gyn Wallace, Min Lo sends 1.2B Eve isk to the Eve character you named.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
16
|
Posted - 2013.12.16 23:39:00 -
[32] - Quote
Haerr wrote:Looking to transfer isk, mails sent from both dust and eve chars.
Flint Beastgood III wrote:Ready to be queued for next batch.
EDIT: hey, batch 50 will be 30bil EVE sold... wasn't that how much you had to start with? Have you made lots more EVE ISK since starting the service? Just curious.
EDIT 2: You must be one of the richest players in DUST now :)
Flint! Please stop asking to be queued right after someone else! I feel bad.
I'm adjusting the offered rates from this:
100M Dust for 600M Eve, 50th batch; Haerr queued
110M Dust for 600M Eve, 51st batch; Haerr queued
110M Dust for 600M Eve, 52nd batch; Flint Beastgood III
120M Dust for 600M Eve, 53rd batch; Flint Beastgood III
to this:
100M Dust for 600M Eve, 50th batch; Haerr queued
100M Dust for 600M Eve, 51st batch; Haerr queued
110M Dust for 600M Eve, 52nd batch; Flint Beastgood III
110M Dust for 600M Eve, 53rd batch; Flint Beastgood III
120M Dust for 600M Eve, 54th batch; - next available
So Haerr, its 200M Dust for 1.2B Eve, and Flint, its 220M Dust for 1.2B Eve. The rate climbs to 120M Dust for 600M Eve, right after Flint's batch.
Re: edits
My Eve reserves have dropped by about 30B, but I was starting to sell my plex investments (about 100 plex) when I started the exchange. I'm about done, and now shifting to selling off other manufactured goods I make. I've still got about 10B more Eve isk, I'd be comfortable putting into Dust isk, even if I don't have any Eve to Dust traffic. So the rate will really climb as I approach batch 65.
My sincere hope is that the Dust/Eve link will strengthen over the next few months, spurring some Eve to Dust transfers, before I regret not having more Eve isk to reinvest in some Eve commodity cycles.
I'm pretty sure there are lots of alliance leaders and corps that put me to shame in terms of total wealth. Hopefully their Eve allies, or someone else in Eve will have some use for a big pile of Dust isk.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
16
|
Posted - 2013.12.17 00:09:00 -
[33] - Quote
Oh, also,
The current price of a plex (monthy subscription pilot license) is right around 600M Eve isk, which was the basis for my batch sizing. The price dropped for a little while towards 560M, and may drop again, presenting a problem for people interested in converting U.S. dollars to Plex in Eve, converting plex to Eve isk (selling plex on the Eve market), and then using my service to convert Eve isk to Dust isk.
USD ->plex->Eve isk->Dust isk.
In other words, people who want to use real money to increase their Dust isk wealth are unduly burdened by my batch size structure because a plex won't get them 600M Eve isk to exchange, if the plex price falls.
So, if the plex price falls again, I'll reduce the Eve to Dust batch size. For example, if the price of plex falls towards 550M Eve isk, the new batch size and availability structure will switch from:
600M Eve for 75M Dust isk, for the "A" batch;
600M Eve for 75M Dust isk, for the "B" batch;
600M Eve for 70M Dust isk for the "C" batch;
600M Eve for 70M Dust isk for the "D" batch;
600M Eve for 60M Dust isk for the "E" batch;
to:
550M Eve for 69M Dust isk, for the "A" batch;
550M Eve for 69M Dust isk, for the "B" batch;
550M Eve for 64M Dust isk for the "C" batch;
550M Eve for 64M Dust isk for the "D" batch;
550M Eve for 55M Dust isk for the "E" batch;
Maintaining the exchange rate, but shrinking the batch size so people can still buy a single plex, sell it in Eve, and convert the proceeds to Dust isk.
-Gyn Wallace/Min Lo
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
16
|
Posted - 2013.12.17 14:52:00 -
[34] - Quote
Flint Beastgood III wrote:Gyn! I'm ready when I'm ready, I can't help it if someone else happens to be ready for a transfer around the same time.
Its ok. I just don't want to disappoint you, you've been a good customer and given good feedback. If the rate adjustment in post #96 (to save you 10M) wasn't enough, I'm tempted to increase the time people can be in the queue, maybe from one week to two weeks. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
16
|
Posted - 2013.12.17 19:10:00 -
[35] - Quote
Flint Beastgood III wrote:K, let me know when Haerr has purchased his batches. I'm ready now but it wouldn't make sense to sell batch 52 before 50 and 51.
No need to wait. I've completed some opposite direction transfers, so I'm adjusting the rate for you down again. 200M Dust for 1.2B Eve.
I'm about to head out the door, but I'll be on again in about 4 or 5 hours. Original post updated to show current rates and queue status. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
17
|
Posted - 2013.12.18 15:23:00 -
[36] - Quote
Jebus McKing wrote:Just wanted to say that everything worked fine and say thank you to Gyn for this awesome service!
You're welcome, thanks for the business.
Knight Soiaire wrote:I was wondering if I could get queued up for one batch, please.  My EVE is Knight Solataire, and of course, this is the account (Knight Soiaire) I will send the ISK from.
You're queued up. First post updated. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
53
|
Posted - 2013.12.18 23:19:00 -
[37] - Quote
Knight Soiaire wrote:So should I send the ISK now? Or is there a certain way of doing it?
You can send it whenever you'd like. If you also send an evemail to Gyn Wallace, it will help me notice that its arrived. If you're on in the evenings, Eastern Standard Time, you can probably catch me online, invite me to a conversation, and then we can complete the transfers pretty quickly.
If you don't catch me online, I might not notice that you've sent the Dust isk til the next morning or evening. But if you don't mind waiting, you can send it when I'm offline, and I'll send the Eve isk to Knight Solataire the next time I log on. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
53
|
Posted - 2013.12.28 16:37:00 -
[38] - Quote
queue completed; rates updated. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
53
|
Posted - 2013.12.29 14:46:00 -
[39] - Quote
Denn Maell wrote:To OP: But yeah, this player-side Eve/Dust link sounds interesting in a scientific experiment sort of way. I would be interested if you posted your results so we could get a handle of how different the economies are right now. I believe we will find that CCP's plans for integrating the two markets has some serious hurdles in it.
The most current exchange rate is a sort of result, but like any market in Eve (or Dust.... Soon (TM)?) its hardly a final result. There are other ways the players can integrate the games. For example, I'm tempted to start a thread to sign people up for a match, the result of which will determine to whom I will deliver an Eve ship. That's not "boarding," but whats to stop us the players from creating a league of Eve players willing to place a ship in escrow, with a chance to win or lose it in a follow up match arranged in Dust, where your Dust allies fight a domination match to determine who wins the "boarding" action?
Obviously, CCP can make this sort of thing run more smoothly than we can, but just like this isk exchange, its doable by us. In fact, I'm starting a separate thread to discuss how we can do this specific idea: player run "boarding" matches. I'll start it off as a ship give away in Eve, determined by Dust matches. But we probably shouldn't derail this thread. I'll update this post with a link, once I've started the other thread.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
55
|
Posted - 2014.01.04 22:06:00 -
[40] - Quote
Agrios Endendros wrote:I require your services, when available. In game mails sent.
Hi again Agrios Endendros. You're queued up for 110M Dust isk buying 600M Eve isk. Send the Dust isk at your convenience. |
|
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
57
|
Posted - 2014.01.09 14:10:00 -
[41] - Quote
Dustbunny Durrr wrote:I too, require your services. I will send in-game (eve) mail soon.
You're queued up; please send a confirmation eve mail from your Eve character, before sending me isk.
Then its a matter of your Eve character sending me 600M Eve isk, then Gyn Wallace will send you 75M Dust isk, to complete the first of five batches. (Or however much you'd like to send at once up to 3B; I'll send you 1/8th that amount in Dust isk.)
-Gyn Wallace/Min Lo |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
59
|
Posted - 2014.01.10 14:04:00 -
[42] - Quote
demonkiller 12 wrote:also if youre into mining like me (same idea as DUST, limitless money) you can poor money in (600m isnt much once you get into mining) and push the exchange back the other way, 25mil dust for 600mil eve sounds pretty stable to me as this would require a casual dust player to play a bit more than usual but not way too much. how much would it cost to bring down the rate to say 50m = 600m?
Its not really a question of "cost" so much as the relative demand for each currency. For the Dust to Eve exchange rate to drop down to 50M Dust buying 600M Eve, it would require Eve players willing to give up 600M Eve to buy 40 to 45M Dust isk. Dust 514 would need a significantly greater impact on Eve Online for that to happen, IMHO. I think we're much more likely to see Dust isk become more valuable as people continue to lose Dust isk in Faction warfare, but they'll go back to playing pub matches, before they'll fund their Dust games with Eve isk exchanged at a rate poorer than 600M Eve buying about 60M Dust.
If the supply of Dust isk drops severely as a consequence of Faction warfare, we may see outliers in that neighborhood. It only takes one wealthy Eve industrialist to buy out nearly all the Dust isk available for exchange.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
59
|
Posted - 2014.01.10 17:29:00 -
[43] - Quote
Dustbunny Durrr wrote:ISK received, pleasure doing business Gyn.
Thanks, you too. Top post updated with current rates and batches.
-Gyn Wallace/Min Lo
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
59
|
Posted - 2014.01.11 19:13:00 -
[44] - Quote
Anarchide wrote:This is absolutely serious!
Well then, you're in the queue for batch 63. You've got a week to send Gyn Wallace 120M Dust isk. After you send Gyn Wallace 120M Dust isk, I'll send Jelly Fat 600M Eve isk, within 2 days of my receipt of 120M Dust isk. If you don't send 120M Dust isk within a week, you're out of the queue.
-Gyn Wallace/Min Lo
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
59
|
Posted - 2014.01.12 15:18:00 -
[45] - Quote
Anarchide wrote:It's an offer from me to you.
I decline your offer. I'll remove you from the queue, since I appear to have misunderstood you when I placed you in it. Please start your own thread rather than posting in this one, if you would like to continue talking about your offer. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
59
|
Posted - 2014.01.12 16:58:00 -
[46] - Quote
Anarchide wrote:It's an offer from me to you.
I've been thinking about your offer more, Anarchide. I think I've been a little unfair and pessimistic toward you. My first cynical impression was that you were a just a scammer or troll, but I don't have any positive reason to think that. I only have the suspicion that naturally attaches to your offer. "Why would he offer me a rate of exchange 2M Dust isk higher than my current rate?" Maybe I've just been playing Eve Online too long.
So instead of simply declining your offer, let me first describe my perspective of our relative risks, and eventually propose a counter offer.
If I faithfully complete a transaction, I can look forward to a growing stream of business, from which I can profit for the risk I'm taking by operating a currency exchange. If I were to wake up one morning and decide to become a scammer, I could cheat my next customer, but that profit would only add up to what I would have made anyway by faithfully completing my next 8 or 10 transactions. Since I would expect any repeat business to completely disappear after becoming a scammer, my loss is measured in terms of all my future business after those 8 or 10 transactions.
What is your prospective isk loss if you fail to faithfully complete your proposed transaction? You would make 600M Eve and lose... nothing. Or am I wrong about that? I don't know. Its not apparent to me what isk loss you would risk that is comparable to the risk I describe in the previous paragraph.
There is a somewhat speculative risk of being banned, either from the forum, or from Dust 514 entirely. One of the assurances I've offered potential customers, is quoted at the bottom of the first page,
"In addition, you agree not to use the Site for any unlawful purpose or in any way that might harm, damage, or disparage any other party. " - Dust Forum rules, from dust514.com/terms-of-use , emphasis added."
Since no one is aware of a test case, we don't really know how Sony Online Entertainment might enforce that clause. That's where your offer provides real value to me, and the entire Dust/Eve community, to balance the risk I'd be taking by accepting something like your offer. If you fail to complete an isk exchange after agreeing to do so here on the Dust forums, can I get you banned, from the Dust forums or Dust 514? I don't know.
One of the ways I offered to mitigate risks when I started this exchange was to offer smaller batch sizes. Even a small batch size is sufficient to test whether exchanges will be completed, or not.
So here's my counter offer: I will send you 10M Eve isk, if you agree to send me 2M Dust isk within 24 hours of my delivering the 10M Eve isk to you, from Min Lo. This would be the first of seven batches, arranged as:
Batch #1: 10M from Min Lo to Jelly Fat , followed within a day by 2M from Anarchide to Gyn Wallace;
Batch #2: 90M from Min Lo to Jelly Fat , followed within a day by 20M from Anarchide to Gyn Wallace;
Batch #3: 100M from Min Lo to Jelly Fat , followed within a day by 20M from Anarchide to Gyn Wallace;
Batch #4: 100M from Min Lo to Jelly Fat , followed within a day by 20M from Anarchide to Gyn Wallace;
Batch #5: 100M from Min Lo to Jelly Fat , followed within a day by 20M from Anarchide to Gyn Wallace;
Batch #6: 100M from Min Lo to Jelly Fat , followed within a day by 20M from Anarchide to Gyn Wallace;
Batch #7: 100M from Min Lo to Jelly Fat , followed within a day by 20M from Anarchide to Gyn Wallace;
If you accept my counter offer, and are being honest, we will wind up exchanging 600M Eve for 122M Dust, and at every step, I will have gone first. However, if you agree to these terms, accepting my counter offer here on the Dust forum, and if you then break this agreement, I will then seek to have Anarchide banned from these forums and Dust514.
I'm willing to risk losing 100M Eve isk, if as a consequence we all learn whether scammers on Sony's forums get banned. And if I you accept my counter offer and faithfully complete each exchange, we will have exchange a total amount equal to your initial offer, with me going first, every step of the way.
If you unambiguously accept my counter offer, I'd be happy to do business with you. Do you have any questions for me? Or would you like to accept or decline my counter offer, described above?
-Gyn Wallace/Min Lo |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
60
|
Posted - 2014.01.12 19:20:00 -
[47] - Quote
Anarchide wrote: Let me know. I will be online shortly.
I did let you know. I've declined your initial offer, and made you a counter offer. You haven't clearly accepted or declined my counter offer.
Please let me know whether you accept my counter offer.
---
Edit to add, I'm going to be online for a while, if you catch me online, all 7 batches can be completed pretty quickly. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
60
|
Posted - 2014.01.12 19:50:00 -
[48] - Quote
Anarchide wrote:Nevermind, I'll use your services under your conditions.
Glad to have caught you online and completed your transaction.
Thanks for the business,
-Gyn Wallace/Min Lo
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
61
|
Posted - 2014.01.12 23:01:00 -
[49] - Quote
This and another large transaction were just completed; front page rates updated. If I get one more large Eve to Dust transfer, I'll have fully recovered my price discovery costs from the very early batches, and I'll begin tightening the rate spread. I've finally seen more Eve to Dust traffic in the past week, than Dust to Eve traffic.
Which is great news, because that means that in another week or so, I'll probably begin swinging the rate back in the other direction. Instead of the next available batches being:
120M Dust buys 600M Eve, 64th batch; - next available batch
120M Dust buys 600M Eve, 65th batch;
For the opposite direction of isk transfers, converting Eve isk into Dust isk:
600M Eve buys 70M Dust isk for the "AD" batch; - next available batch.
600M Eve buys 70M Dust isk for the "AE" batch;
They'll probably look something like:
115M Dust buys 600M Eve, 64th batch; - next available batch
115M Dust buys 600M Eve, 65th batch;
120M Dust buys 600M Eve, 66th batch;
120M Dust buys 600M Eve, 67th batch;
For the opposite direction of isk transfers, converting Eve isk into Dust isk:
600M Eve buys 70M Dust isk for the "AD" batch; - next available batch.
600M Eve buys 70M Dust isk for the "AE" batch;
600M Eve buys 65M Dust isk for the "AF" batch;
600M Eve buys 65M Dust isk for the "AG" batch;
In other words, the cost for Dust players interested in plexing their Eve Online account may have finally peaked. We may be on our way to a market equilibrium somewhere around 110M Dust buying 600M Eve and 600M Eve buying 75M Dust. Any Dust players who don't need to buy a plex this week might want to hold off til next week.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
62
|
Posted - 2014.01.18 15:31:00 -
[50] - Quote
Front page rate/batch availability updated. |
|
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
67
|
Posted - 2014.01.31 19:16:00 -
[51] - Quote
Dustbunny Durrr wrote:Are these rates still active and accurate?
Updated rates yesterday. I have potentially two large Eve to Dust batches pending, so depending on whether those go through, the rate for Eve to Dust conversions could be 600M Eve buying 60, 55, or 50 M Dust... Nearly 2B in Dust isk purchases are queued, leaving 1B as my remaining inventory of Dust isk if both transfers go through. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
67
|
Posted - 2014.01.31 19:19:00 -
[52] - Quote
Flint Beastgood III wrote:Need a small amount (not whole batch) if possible Gyn mate.
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.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
68
|
Posted - 2014.02.01 15:41:00 -
[53] - Quote
Flint Beastgood III wrote:Gyn Wallace wrote:Flint Beastgood III wrote:Need a small amount (not whole batch) if possible Gyn mate. 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. Okay mate, I'll send the 57.5mil ISK when I get on DUST later. Thanks.
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.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
68
|
Posted - 2014.02.03 14:35:00 -
[54] - Quote
Iseatane wrote:I've seen so do some smaller transactions so I was wondering if you would be interested in 370m EVE isk that I have spare and how much would you give me dust wise?
A full sized batch would have been 1/10th, so how about 35M Dust isk for your 370M Eve isk?
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
68
|
Posted - 2014.02.04 16:42:00 -
[55] - Quote
Updated rates, as of Feb. 4th, 2014:
I'm changing the way I display the available Dust to Eve batches. From now on, I'll just show the current batch price, in a variety of batch sizes, the amount of isk available at that price, and what the price will change to when the current batches run out. So:
Quote:
For customers converting Dust isk into Eve isk the rate of exchange is about 1 to 5 (smaller size batches are a little more expensive), so:
~2,600,000,000 Eve isk is for sale at:
52M Dust isk buys 250m Eve isk, or
101M Dust isk buys 500M Eve isk, or
110M Dust isk buys 550M Eve isk, or
120M Dust isk buys 600M Eve isk, or
130M Dust isk buys 650M Eve isk, or
500M Dust isk buys 2.6B Eve isk.
After the above pile of Eve isk is sold, the ratio shifts closer to 1 to 4.8 which would be:
The next ~2,500,000,000 Eve isk would sell for:
52M Dust isk buys 240m Eve isk, or
101M Dust isk buys 480M Eve isk, or
110M Dust isk buys 528M Eve isk, or
120M Dust isk buys 576M Eve isk, or
130M Dust isk buys 624M Eve isk, or
500M Dust isk buys 2.5B Eve isk.
Quote:
For the opposite direction of isk transfers, converting Eve isk into Dust isk, various batch sizes are available:
300M Eve buys 25M Dust isk for the smaller "tiny A" batch - available
300M Eve buys 25M Dust isk for the smaller "tiny B" batch
600M Eve buys 60M Dust isk for the "AX" batch; - available
600M Eve buys 60M Dust isk for the "AY" batch;
600M Eve buys 60M Dust isk for the "AZ" batch;
600M Eve buys 60M Dust isk for the "BA" batch;
600M Eve buys 60M Dust isk for the "BB" batch;
600M Eve buys 60M Dust isk for the "BC" batch;
10B Eve buys 1B Dust isk for the large "AAA" batch -available
10.25B Eve buys 1B Dust isk for the large "BBB" batch
10.5B Eve buys 1B Dust isk for the large "CCC" batch
-Gyn Wallace/Min Lo |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
71
|
Posted - 2014.02.11 17:19:00 -
[56] - Quote
OP updated. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
71
|
Posted - 2014.02.13 00:16:00 -
[57] - Quote
Flint Beastgood III wrote:I need another small batch. I see 52mil DUST for 250mil EVE.... I'll take that.
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
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
71
|
Posted - 2014.02.13 22:16:00 -
[58] - Quote
Marston VC wrote:I think I would be interested in this possibly. Do I need to send you a mail when I send the cash? How does the transaction work basically?
The mail isn't absolutely necessary, but if you also send an evemail to Gyn Wallace, it will help me notice that isk arrived. If you're on in the evenings, Eastern Standard Time, you can probably catch me online, invite me to a conversation, and then we can complete the transfers pretty quickly.
If you don't catch me online, I might not notice that you've sent the Dust isk til the next morning or evening. But if you don't mind waiting, you can send it when I'm offline, and I'll send the Eve isk to your Eve alt the next time I log on (where that evemail you hopefully sent really helps me notice that I have an isk transfer to complete, promptly).
What is absolutely necessary though, is that the character who sends me isk must inform me of name of the recipient in the other game. I can't complete a transaction based on someone's Dust character "X" sending me isk, and then getting an evemail from an Eve character saying, "I'm X's Eve alt, deliver that isk to me." Only the one who sends me isk can name the recipient. This protects us both against an imposter claiming your delivery.
So the next step, Marston VC, is telling me the name of your Eve alt, and how much isk you'd like to exchange. I can then confirm for you that that rate is still current (the first post rates are current as of this post) and I'll know to keep an eye out for your isk and evemail. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
71
|
Posted - 2014.02.20 14:41:00 -
[59] - Quote
Joel II X wrote:
Is the 15mill > 600mill still going on?
No. I briefly offered that rate back when I had just opened the exchange and was still discovering what rates the market would bear. The current rate is about 1:5. 120M Dust buys 600M Eve isk. You'll be very lucky if you find someone trading isk at that rate. Anyone trading at that rate can't do so for very long; they will quickly run out of Eve isk.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
71
|
Posted - 2014.02.20 14:51:00 -
[60] - Quote
SponkSponkSponk wrote:How much Eve isk is left at 5:1?
Less than a billion, I'll update my spreadsheet this weekend and update the OP. I should also note that that pool isn't fixed or static. Every transaction in the opposite direction has the potential to increase the amount of isk available at that rate. A large enough transaction in the Eve -> Dust direction could result in many billions available to Dust -> Eve transfers at a rate even better than 1:5. |
|
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
72
|
Posted - 2014.02.21 02:46:00 -
[61] - Quote
Hi everyone, the OP has been updated.
and thank you for the business, Thaddeus Reynolds!
-Gyn Wallace/Min Lo
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
72
|
Posted - 2014.02.21 02:58:00 -
[62] - Quote
AmlSeb wrote:Which one is now the actual todays exchange rate?
Sponk is correct, the OP shows the current rate, and when it was last updated. In case I get hit by a bus or something, its a good idea to contact me to confirm your exchange ahead of time. This also gives me the chance to confirm the identity of your characters, to minimize any fat finger errors on my part.
Ideally, I get two evemails from a new customer: First, an evemail saying, "Hi I'd like to transfer ___M isk to my alt, Mr. So-in-so. Can I confirm that I'd get ____M in Dust/Eve for this exchange?" and a second evemail from Mr. So-in-so to my alt in the same game, Eve or Dust.
The first evemail is necessary, in that the paying customer identifies the recipient, avoiding any confusion or impersonation security issues. The second evemail is convenient, in that it let's me transfer the isk with ease, without having to search for that alt in that game.
People sometimes send isk first without confirming the recipient or exchange rate first, but I then contact them and ask them to confirm the recipient, and/or ask them to confirm the exchange rate, if there was any ambiguity due to a recent rate change.
So far, aside from the slightly more job-than-game aspect of it, the exchange seems to be going pretty smoothly. I'm kind of amazed no one's tried to scam me. The only guy I even suspected of being shady turned out to be a totally stand up customer, a few pages back in this very thread.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
72
|
Posted - 2014.02.21 14:58:00 -
[63] - Quote
SponkSponkSponk wrote:Bags 500M Dust->Eve thanks.
Delivered, and Original Post updated.
Aside from a very small batch remaining at the old Dust to Eve rate, the rates have shifted. Dust to Eve transfers are now ~1:4.8 (a little worse) and the Eve to Dust rates are now about ~9.9:1 (a little better). If I get another big Eve to Dust transfer, I'll "restock" the 1:5 "shelf" for Dust to Eve transfers. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
72
|
Posted - 2014.02.23 17:41:00 -
[64] - Quote
Hey, I'm online, and you're both queued. OP updated too. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
72
|
Posted - 2014.02.25 00:27:00 -
[65] - Quote
AmlSeb wrote:Don-¦t you have that course for 120 mil DUST ISK for 1 Plex anymore?
Course? I'm not sure what you mean. But no I don't offer 120M Dust for 600M Eve isk, at the moment.
If you're interested in a Dust to Eve exchange to fund your purchase of a plex, I'd recommend the 130M Dust isk for 624M Eve isk exchange, given current plex prices.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
72
|
Posted - 2014.02.26 01:13:00 -
[66] - Quote
OP rates updated. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
72
|
Posted - 2014.02.27 04:47:00 -
[67] - Quote
SponkSponkSponk wrote:Gyn Wallace wrote:OP rates updated. That's quite a spike in rates.
tl:dr If you can wait a week or so, I think there's a really decent chance I'll be able to go back to the 1:5 Dust to Eve exchange rate soon.
Thank you for putting it mildly, Sponk. I'd even go farther, and describe it as a stupidly poor rate for Dust to Eve exchanges. I'm hedging against uncertainty, driven by a rumor. If I get another big Eve to Dust transaction, I'll ease the rates back towards where they were. I could easily be overreacting to a BS rumor I'd prefer not to spread.
I'd encourage any of my repeat customers to chill out for a week, rather than trade Dust isk to Eve isk at these rates. Only if you really need Eve isk before the week is out, would I encourage trading at this 1:4 Dust to Eve rate.
Its entirely possible that I'll get a big Eve to Dust exchange, and use that entire increase to my Eve isk pile, to restock the 1:5 shelf. I don't like the idea of gouging people, and will be totally content if this rate spike chills Dust to Eve exchanges for a week. I prefer the alternative of spiking the rate somewhat drastically, over the alternative I NEVER want to use: even temporarily closing the exchange in one direction. The exchange should ALWAYS be open, but at rates that account for the risks and volume of exchanges in each direction. When temporary or speculative risks skew the available rates this badly, I hope regular customers will be patient enough for those moments to pass.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
74
|
Posted - 2014.02.27 22:55:00 -
[68] - Quote
AmlSeb wrote:I-¦ll take the 52-200mil pack.
52M Dust isk received from AmlSeb. Please post here, or send me an evemail, from AmlSeb, telling me to whom you'd like the 200M Eve isk paid. You, AmlSeb, are the only one who can tell me who to pay. Otherwise, the process would permit imposters.
Thank you,
-Gyn Wallace/Min Lo
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
74
|
Posted - 2014.02.28 16:48:00 -
[69] - Quote
AmlSeb wrote:Gyn Wallace wrote:AmlSeb wrote:I-¦ll take the 52-200mil pack. 52M Dust isk received from AmlSeb. Please post here, or send me an evemail, from AmlSeb, telling me to whom you'd like the 200M Eve isk paid. You, AmlSeb, are the only one who can tell me who to pay. Otherwise, the process would permit imposters. Thank you, -Gyn Wallace/Min Lo I sent you the name in the subject of the payment but anyway. It's for Sakari Aurilen
Ah, Thank you, isk transfer completed.
-Gyn Wallace/Min Lo
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
74
|
Posted - 2014.03.03 02:02:00 -
[70] - Quote
Mass Heals wrote:I am transferring 600 mil from my Eve character, jelo Magnetti. Please send dust isk this this character Mass Heals. You have been mailed from my Eve toon as well.
Thanks!
Transfer complete. Thanks for the business,
-Gyn Wallace/Min Lo |
|
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
74
|
Posted - 2014.03.03 14:34:00 -
[71] - Quote
Jaghen Hagharr wrote:Eve Isk 1,200,000,000 Bil send from Ichi Mijamoto ( Eve ) to Min Lo to receive Dust Isk for Char Jaghen Hagharr ( Dust ).
Thanks for the Service
Hi,
Doubling the 600M to 68M batch would yield 136M Dust isk, but since you're sending more than a billion Eve isk, I used the 1B to 117M exchange ratio, so: 1.2B Eve isk received; 140M Dust isk sent. Thank you for the business, Jaghen Hagharr/Ichi Mijamoto.
-Gyn Wallace/Min Lo
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
74
|
Posted - 2014.03.03 14:36:00 -
[72] - Quote
Tulak Kiltar wrote:Hi, I'm interested in transfering ISK from dust to eve, what is the current rate? and how do I get in contact with you.
Hi, I've just completed the large Eve to Dust batch referenced higher up on this page, so I'll be posting current rates in the Original Post on page one, the 1:5 Dust to Eve rate is returning after that horrible rate spike late last week/this weekend. Rates should be updated in the next ten minutes or so. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
74
|
Posted - 2014.03.03 14:44:00 -
[73] - Quote
dustwaffle wrote:Are you open to using Chribba as a third party to increase your 'standings' i.e. credit rating?
Nevertheless, will be looking to transfer some money EVE -> Dust, will send you later when I get back from work.
Thanks!
I am open to it on two conditions: 1) Chribba must not be scheduled to get drunk in Vegas at the time of your transfer, and 2) YOU pay both sides of any transfer fee Chribba might like to collect.
The process for a third party escrowed exchange is burdensome enough that I recommend avoiding any escrow fees, and instead working out a delivery schedule broken down into smaller batches, so that you can see each exchange successfully completed before sending the next batch. I'm also willing to memorialize my agreement to complete a specific transfer here on the Dust forums, so that if I were to scam someone I should be banned. Obviously, there are no absolute guarantees, but I hope that helps people mitigate their risks.
How much isk are you considering transferring? I've had customers break a transfer up into as many as ten batches, performed when we caught each other online, all ten batches completed in less than 20 minutes.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
74
|
Posted - 2014.03.08 15:41:00 -
[74] - Quote
Top post updated, with a small rate change to largest Eve to Dust batch rate. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
79
|
Posted - 2014.03.14 01:19:00 -
[75] - Quote
big jeezy wrote:I sent Min Lo an amount of isk on EVE to be sent to my dust character. You should have also received a message EVE side stating the amount and details.
Isk transfer complete, thanks for the business,
-Gyn Wallace/Min Lo |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
79
|
Posted - 2014.03.15 00:49:00 -
[76] - Quote
Dunpeal Hunter87 wrote:Hi. I have 300 mill isk in eve online i want to exchange to Dust isk, for whatever the going rate is at this moment.
How do i do this? Do i need to send the money to a corp, or character in eve?
Yours would be the last transfer at the previous rate. You'd get 30M Dust isk for your 300M Eve isk. If that's agreeable, you just send the 300M Eve isk to Min Lo, my Eve character, along with an evemail to help me notice that I should check my wallet to confirm receipt. Then I send the 30M Dust isk to your Dust alt.
Please note: Your Eve character must be the one who informs me who to pay in Dust. The recipient (you, Dunpeal Hunter87, a Dust character) can't designate themselves; the payor (your Eve character) must be the one who informs me of your Dust character's name.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
79
|
Posted - 2014.03.15 00:51:00 -
[77] - Quote
OP updated with current rates. I've gotten enough Eve to Dust transfers to sweeten the Dust to Eve rate up to 1 to 5.5. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
79
|
Posted - 2014.03.16 14:44:00 -
[78] - Quote
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,
Quote:The exchange rate from Dust to Eve has changed toward 1 to 5.5. 52M Dust isk would buy you 575M Eve isk, for as long as this rate change lasts. 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.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
81
|
Posted - 2014.03.24 16:42:00 -
[79] - Quote
ZDub 303 wrote:Sent Dust ISK and an eve mail.
Hi ZDub,
Please confirm the identity of your Eve Character to receive the exchanged isk, either here or via evemail. Only the character who pays me can name their alt, who will ultimately receive the exchanged isk.
This prevents, for example, someone's brother who also plays Dust or Eve, from learning of a planned transaction and impersonating the correct recipient.
Thank you,
-Gyn Wallace/Min Lo |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
82
|
Posted - 2014.03.26 12:54:00 -
[80] - Quote
Damocles Leones wrote:What is the current rate from Eve to Dust? If I send 1.2 Billion eve isk, what would I get in Dust?
100M Dust isk.
Your Eve character would send the 1.2B Eve isk to Min Lo, along with an eve mail naming you as the recipient of the 100M Dust isk.
|
|
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
90
|
Posted - 2014.03.29 13:20:00 -
[81] - Quote
Dalmont Legrand wrote:This is a complete uncontrolled robbery, from where is this exchange rate came from? 
Well, if you start at the beginning of the thread, you can sort of see exactly from where the exchange rate came, i.e. the volume of exchanges in each direction. The customers determine the exchange rate by virtue of how much isk they want to move from one game to the other.
If demand for Dust isk rises, and more customers exchange Eve isk for Dust isk, than the other way around, my pile of Dust isk shrinks, and the rate of exchange becomes better and better for Dust to Eve exchanges, and worse and worse for continued Eve to Dust exchanges.
Once the exchange has more than 5B Dust isk stockpiled, the rates will return to 1:5 Dust to Eve, and 10:1 Eve to Dust. But that's not happening very quickly. Eve to Dust purchases tend to be larger, though less frequent. If they outpace Dust to Eve exchanges, the rate will shift closer to 1:6 Dust to Eve, and 13:1 or 14:1 Eve to Dust.
Its a market. The customers drive the prices.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
90
|
Posted - 2014.03.29 13:24:00 -
[82] - Quote
SPARTAN 4848 wrote:this looks interesting i am willing to do exchange on daily basis but before that i need 2 talk 2 u in some way some will send u a mail next time im on dust and on eve till then keep-up the good work
Sure, if you add Gyn Wallace and Min Lo to your contact list and watch list, you should be able to catch me online. I've added you to Min Lo's watch list. Shoot me a conversation/chat channel invite if you'd like to speak in person.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
95
|
Posted - 2014.03.31 23:19:00 -
[83] - Quote
AetherFall wrote:Min Lo is 100% trustworthy. A friend vouched for him. I sent 600M EVE isk without contacting him first and received 50M Dust isk within a day.
Thanks for the quick transfer. More transfers to come.
Thank you, AetherFall.
For everyone, please note that the rates have changed. The Dust to Eve rate has gotten better; 1 to 6. People who had already contacted me recently about Eve to Dust exchanges may complete them at the old rate of 12 to 1.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
96
|
Posted - 2014.04.04 16:37:00 -
[84] - Quote
So the exchange is getting to be more and more like a job than a fun experiment. I've spread the rates for exchanges more than I'd ever planned, in part to diminish the amount of time I spend reading and responding to evemails. So I have a question for the customers.
Would you prefer to see the current spread (which is 1 to 6 for Dust to Eve transfers, and 14 to 1 for Eve to Dust transfers) or a tighter spread with a higher minimum transaction limit?
Both are reasonable mechanisms to minimize the amount of time I spend maintaining the exchange. The current method still let's people interested in small exchanges participate. The potentially tighter spread, with a bigger minimum transaction limit would require those people to save up isk, to do a smaller number of larger exchanges, but at a better rate. I'm sure the big transaction customers would welcome a tighter spread, but I'd rather not make this change without feedback from the customers who've made this a successful experiment, or the potential customers who might sustain it until that some-day-Soon (TM) when CCP finally builds an official exchange.
The potential new rates would look something like:
Quote:
250M Dust isk buys, 1.45B Eve isk, or
500M Dust isk buys 3.5B Eve isk, or
1B Dust isk buys 7B Eve isk.
If the above pile of Eve isk is sold (without being replenished by transfers in the opposite direction, then the ratio will shift closer to ~1 to 6:
and
Quote:
For the opposite direction of isk transfers,
1.5B Eve isk buys 130M Dust isk, or
5B Eve isk buys 450M Dust isk, or
10B Eve isk buys 900M Dust isk.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
98
|
Posted - 2014.04.08 05:04:00 -
[85] - Quote
Amount available for Dust to Eve transfers updated; rates for Eve to Dust transfers updated (returning to 12 to 1). |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
98
|
Posted - 2014.04.09 13:55:00 -
[86] - Quote
Rates updated again; a single customer purchased a big chunk of Eve isk, improving the rates for Eve to Dust transfers and worsening the rates for Dust to Eve transfers.
This is an exception to the usual pattern of many small transfers from Dust to Eve, and infrequent but large transfers from Eve to Dust. Apologies to anyone surprised by the rates shifting so suddenly. If you were already in discussions with me for a Dust to Eve transfer, or were a recent repeat customer, I can complete those transfers at the 1:6 rate, but wanted to quickly publish this updated rate for any new business after these immanent transfers are completed. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
98
|
Posted - 2014.04.21 13:15:00 -
[87] - Quote
Thank you.
Also rates and availability updated. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
102
|
Posted - 2014.04.29 13:02:00 -
[88] - Quote
Rates and availability update. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
102
|
Posted - 2014.05.02 22:50:00 -
[89] - Quote
Hi everybody,
Given Project Legion's potential to undermine Dust514's future and connection to Eve Online, I have to ask the community what the rates should be now. I understand that lots of people might be interested in transferring their isk out of Dust, but who is still interested in transferring isk into Dust? If I continue to sell my Eve isk for Dust isk, helping other to exchange their Dust isk into Eve, will there be any traffic in the opposite direction?
So I'm open to suggestions and offers. I'm not officially closing the exchange today. Instead, I'm once again asking all of you to help me come of with a reasonable rate of exchange and spread.
Thanks,
-Gyn Wallace/Min Lo |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
102
|
Posted - 2014.05.03 02:14:00 -
[90] - Quote
ratamaq doc wrote:At least now we know why Kain shut his service down, a few months ago, when they coincidentally started EVEL development.
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.
|
|
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
103
|
Posted - 2014.05.03 18:47:00 -
[91] - Quote
I'm soliciting offers. Is anyone still interested in converting their isk between games? Make me a reasonable offer. I'd like to post some small batch prices to begin seeing where the market goes, now that CCP appears to have countered some of the inferences people were drawing from the Dust keynote. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
103
|
Posted - 2014.05.04 14:03:00 -
[92] - Quote
Well, here's what I'm thinking:
I'd like to continue operating the exchange, but that partially depends upon the willingness of Eve players to continue transferring isk into Dust. I'm sure that seems farfetched to some, but the ratio is important. We've already seen discussions (I think earlier in this very thread) where people lamented that the exchange rate wasn't 1:1. We've wondered how CCP could issue enough Dust isk to get closer to parity. Well this announcement seems to have devalued Dust isk, without having to issue 6 or 7 times as much Dust isk.
Would any Eve players be willing to exchange 600M Eve isk into 600M Dust isk? or something close to that ratio? Would Dust players still be interested in grinding out Dust isk (at a slower rate than many Eve players can make Eve isk) in order to transfer it into Eve at something near a 1:1 ratio?
The entire idea of a market is middlemen matching up customers. How low a ratio would you tolerate for transferring your Dust isk to Eve? Remember that you need a ratio that is attractive enough for an Eve player to accept the traffic in the opposite direction.
Which leads me to re-initiate the price discovery phase of the exchange. I'm going to spend some of my isk, figuring out whether people (still) want this service.
So the first ballpark numbers that come to me. I expect no one will accept these offers, but it gives us a starting place from which to adjust and hopefully discover new workable prices.
I'll offer 10 to 1 for Dust to Eve. 100M Dust isk buys you 10M Eve isk. 10B Dust isk buys you 1B Eve isk. I'll offer 1B Eve isk for sale at this ratio. If no one bites, I'll adjust that to 9:1.
As for the opposite direction, I've got 5B Dust isk in stock. I'll immediately begin adjusting the old 10:1 Eve to dust ratio down to 6:1. 600M Eve isk buys 100M Dust isk. If no one bites, I'll adjust that down to 5.5 to 1.
The exchange is still open.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
103
|
Posted - 2014.05.04 14:35:00 -
[93] - Quote
Patrick57 wrote:Gyn Wallace wrote: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. Is this still an offer? If not, what can 30 million DUST ISK buy me in EVE ISK?
Today, I'll give you 3M Eve isk for your 30M Dust isk. Since that's a pretty horrible ratio, there's a good chance that no one will take me up on it, and tomorrow, I might offer you 33M Dust isk.... then maybe 36M Dust isk.
I suspect that I'll gradually creep up closer to 1:1. As always, the relative volume of traffic in the opposite direction will have a huge impact on the rates I can offer. As soon as I find the ratio at which an Eve player is willing to convert his Eve isk into Dust, I'll know what kind of rates I can offer Dust players, looking to transfer their Dust isk into Eve.
And, hoping Dr. Eyjolfur GÇ£EyjoGÇ¥ Gu+¦mundsson, might be following this thread occasionally, I hope we've all demonstrated that the player base would support an official isk exchange to encourage Eve players to try Dust and Dust players to try Eve. Even past trial periods, players good enough to make lots of isk in one game should be able to support their adventures in the other.
I'd like this thread not only to serve as a place for customers to express interest or place orders, and evidence of the demand for an official exchange, but also a source of plans and ideas for how an official exchange should operate. I'd like to wind up this thread someday by summarizing its most interesting posts and sending them to Dr. Gu+¦mundsson. I'd like that summary to include a road map for the design and operation of an official isk exchange or a method for integrating Dust/Legion/Valkyrie/Eve Online wealth.
Finally... Market prices are all about information and seeing what people truly value. Whatever new rate is established by this second price discovery phase of the exchange, can be viewed as establishing a cost of the damage done by CCP Rougue's first day "Dust" Keynote. If an isk in Dust was worth about 7x an Eve isk before his announcement, and even after his clarification, the ratio of exchange comes to indicate that a Dust isk is approximately equal to an Eve isk, i.e. a one to one ratio, that gives us an idea of how much value, CCP Rougue's omission destroyed. If all Dust wealth is worth 1/7th as much as it was before CCP Rougue's "Dust" keynote, that should impress upon him not only that Dust players are capable of overreaction, but that his actions (and omissions) have consequences too.
IF CCP really wants to repair the damage done by that "Dust" keynote, having CCP Rougue clarify the player base's concerns about the future of Dust development and migration to Legion is only the first step. Someone else, either Hilmar or Dr. Eyio, should clarify the plan for the official exchange of Dust assets into Legion, Valkyrie, and Eve. As soon as they figure that out, and announce it to the players, a huge portion of the cost of this PR misstep will be recovered.
They're not there yet. I imagine they simply haven't figured out those plans yet. Let's see if we can help them.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
104
|
Posted - 2014.05.04 14:39:00 -
[94] - Quote
Flint Beastgood III wrote:Gyn Wallace wrote:Well, here's what I'm thinking....... TBH, now that DUST 514 will have no further link with the EVE universe, my EVE character is useless to me, and so I have no need for this service any longer. Your earlier post was right - rich corps/alliances would be the only ones who would want to exchange their DUST ISK for EVE ISK at the newly proposed rate. The individual is better off using their remaining ISK to enjoy what time they have left here. I don't think anyone in their right mind would use the EVE:DUST exchange though. Even if there is another 2 years life left in DUST, it isn't gonna be anything other than a lobby shooter and EVE players can now say "f*ck DUST, it was sh*t and on the wrong platform anyway, long live legion!".
That's a completely reasonable reaction. But consider: What if CCP announces a 1:1 isk conversion option from Dust to your Eve/Valkyrie/Legion player's account?
I don't want to discourage anyone from having fun with their isk in any CCP game, but if you're squandering it on the assumption that there will be no connection to Eve/Valkyrie/Legion.... well, let's not be too hasty. :D
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
108
|
Posted - 2014.05.06 14:25:00 -
[95] - Quote
Rates updated. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
108
|
Posted - 2014.05.07 13:30:00 -
[96] - Quote
Rates updated. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
111
|
Posted - 2014.05.09 16:23:00 -
[97] - Quote
Rates updated.
Also, I'm thinking about accelerating my discovery of the new exchange spread, by offering a limited number of tiny batches, with very competitive rates, to see if I can discover where traffic picks up again.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
112
|
Posted - 2014.05.11 13:41:00 -
[98] - Quote
Rates updated again. 1.3 to 1. 13M Eve isk buys 10M Dust isk. 13M Dust isk buys 10M Eve isk. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
112
|
Posted - 2014.05.14 13:18:00 -
[99] - Quote
Rates updated. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
119
|
Posted - 2014.05.15 12:50:00 -
[100] - Quote
Rates updated. The rate for Dust to Eve transfers has greatly improved. |
|
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
119
|
Posted - 2014.05.16 16:47:00 -
[101] - Quote
Emo Skellington wrote:I still rather a 150% exchange rate from Dust to EVE and an open market for Dust mercs to trade to each other and EVE players to sell equipment to dust
I'm sorry, I don't understand you. I sometimes completely fail to type in a word, so that I must edit my posts to correct them. Are you missing a verb?
If you mean that you would prefer a particular exchange rate, I can't help you, since the rates at which I exchange isk are entirely driven by my customer's preferences, as expressed in the traffic of isk between games. More traffic from one game rather than the other drives the rates for that game down. I really don't choose or push the rates in either direction.
If you mean that you would like a more open economy for Dust mercs, I entirely agree. If you'd like Eve players to sell equipment to us, I agree and would go farther: I'd like to see then entire Dust and Eve economies opened up to each other.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
123
|
Posted - 2014.06.02 14:09:00 -
[102] - Quote
Sent. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
124
|
Posted - 2014.06.05 12:26:00 -
[103] - Quote
Emo Skellington wrote:...So how much will I get if I send you 10 mill in dust for my EVE character?
Oh no worries, glad to explain. If you look at the first post of this thread, I try to keep it updated with the most current rates of exchange. Currently, people transferring isk from Dust to Eve get about 1.8 times as much isk. 100M Dust isk gets you 180M Eve isk. However, for a very small batch, the rate is worse. I'd give you 15M Eve for your 10M Dust, if you were just interested in trying it out. I would rather not repeat that very often though. I'd rather you do a single transaction of 100M Dust for 180M Eve isk, rather than ten separate transactions of 10M Dust for 15M Eve isk. Hence the extra 30M Eve isk, if you avoid such small batches.
I try to maintain a happy medium where the rates are best, not so small as to be needlessly repetitive for me, not so large as to deplete my reserves in either game. Batches that are too small or too big (a somewhat subjective measure, based on how comfortable I am with how much isk I have available for exchange in both games) have slightly worse rates of exchange.
Anyway, that's the principle behind why the rates get worse, for batches bigger or smaller than the ones listed in the first post.
Dustbunny Durrr wrote:Another fine transaction conducted through Gyn Wallace.
Thank you for the business.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
125
|
Posted - 2014.06.19 15:29:00 -
[104] - Quote
Zeke Zero wrote:Mr. Gyn Wallace. I agree with the idea of the exchange by your player. I have provided the exchange business in Japanese forum. https://forums.dust514.com/default.aspx?g=posts&t=133990&find=unread Eve isk into Dust isk, the ratio is 2/5
100M Eve isk buys 40M Dust isk
112.5M Eve isk buys 45 Dust isk However, there is a limit of 45M Dust isk in one week. Japanese limited. pÇÇ pÇÇ I hope the link expansion of DUST and EVE.
That's great!
It seems an official exchange, run by CCP is unlikely for Dust514. So I'll keep operating this exchange. I hope Legion includes a CCP run, easy to use, isk exchange, to help people who excel at earning isk in Legion (or Valkyrie) try Eve Online, and plex their accounts.
If you ever run into liquidity trouble, in other words, if your pile of either Eve isk or Dust isk gets too small from too many transfers in one direction, please consider letting me know if I can help. I've tried to work with Kane Spero in the past, since we didn't offer precisely the same exchange rates, so that if one of us had a lot of business in one direction, we'd "share" that traffic with the other by doing something resembling an interbank transfer, to help each other keep up reasonable reserves.
There are too few of us doing this for me to worry about competition. I'm more worried that people will want to do an exchange and not be satisfied quickly enough. Having another exchange running in another timezone is great news.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
128
|
Posted - 2014.08.31 06:48:00 -
[105] - Quote
I'm back, after neglecting Eve and Dust for a while. Rates updated. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
128
|
Posted - 2014.09.05 14:03:00 -
[106] - Quote
Rates updated. I'm considering closing the margin between the rates to x4 for Dust to Eve transfers and 1/5th for Eve to Dust transfers at the one year anniversary of the exchange's opening, on Sept. 19th. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
128
|
Posted - 2014.09.08 17:47:00 -
[107] - Quote
Dustbunny Durrr wrote:Hey Gyn,
I have 400M Dust ISK that I'd like to xfer into 1.6B eve isk. I'll send you a dustmail when I get off work.
Sounds good. I'm in the middle of my three days of free training between plexes on Min Lo. Is it ok if we don't complete this transaction before Tuesday night, 9/9/14?
I try to only use eleven plexes a year on Min Lo. I'll cut my three day free training period short though if this is at all urgent.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
128
|
Posted - 2014.09.12 01:01:00 -
[108] - Quote
Dustbunny Durrr wrote:ISK sent.
Received; transfer completed.
Thank you for the repeat business, Dustbunny Durrr.
I'll update rates and availability in first post.
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
129
|
Posted - 2014.09.13 14:19:00 -
[109] - Quote
deezy dabest wrote:Wow did Fanfest ever trash those conversion rates.
Glad to see someone doing it as many have made the jump to eve and some would rather buy as little plex as possible.
Frankly, I'm a little surprised the rates have recovered as much as they have. Even before Fanfest, the rate would sometimes approach 1/6 for Eve to Dust transfers. Immediately after Fanfest, I was so uncertain about Dust's future, the rate essentially hit parity; I was offering 1 to 1 conversion, less a profit margin. I had almost no volume of trade between games for a couple of months after fanfest. I pretty much took a break from frequently checking evemails and this thread for a month and a half. But very gradually I started getting inquiries and trade picked up again, at first at about a 1/2 ratio, and now closer to 1/4 or 1/5. That's almost back up to where the rate dipped for Eve to Dust transfers, before Fanfest.
So while fanfest certainly did trash the rates for a while, they've recovered to a surprising degree. I can only speculate that people still enjoy playing Dust enough to cheaply fund their Dust habit with easily earned Eve isk. The jump in plex prices certainly help Dust-play look like a relative bargain. I (perhaps optimistically) project that we'll get back most of the people who have left to play Destiny in a month or so, just like people left for and quickly got tired of Grand Theft Auto 5.
-Gyn Wallace/Min Lo
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
131
|
Posted - 2014.09.19 13:58:00 -
[110] - Quote
Rates updated.
deezy dabest wrote:
Yea it is definitely good to see things seemingly recovering from FF and moving forward.
Doubtful it is needed but if you find your self in need of more Dust ISK thanks to unbalanced trading feel free to hit me up and I will make an exchange to keep you rolling.
Thanks, keep an eye on the rates and you might even see an opportunity. If my isk pile in either game gets low, you'll see a bigger change in the rates of exchange I offer, as opposed to the smaller changes in rates, which generally reflect traffic imbalance. If I see more traffic in one direction than the other, which in the long run might threaten to deplete my pile of one game's isk, I'll try to quickly adjust the rates to encourage traffic in the other direction. If I get a big transaction that actually does threaten to deplete my isk reserves in Dust or Eve, you'll see my rates make a BIG jump to make it very costly for someone to completely deplete my smaller pile.
So while my rates are occasionally the product of speculation (like right after fan fest) the rates I'm offering are generally the product of the relative demand for exchanges in each direction.
In other words, if you ever think the rate should be better or worse in one direction or the other, your exchange (or each customer's exchange) in one direction pushes me toward improving the rates in the opposite direction. |
|
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
133
|
Posted - 2014.10.08 13:47:00 -
[111] - Quote
Rates updated. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
136
|
Posted - 2014.10.19 16:30:00 -
[112] - Quote
OP rates still current. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
137
|
Posted - 2014.10.19 21:07:00 -
[113] - Quote
Well the exchange has been open for more than a year now. For those interested in such things, a link to a google doc showing a transaction history, stripped of any customer's names:
Link to Eve/Dust Currency Exchange transactions and charts
Some of the earliest transaction dates are guesses, filled in after the fact. The entire first month or so should probably be disregarded, as it reflects my efforts at price discovery more than the broader market's demands.
The blue line for Eve isk balance, does a good job of showing how much my main Eve character lent my banking alt, Min Lo, to begin operating the exchange. The purple exchange rate line does a good job of showing the spread between the rates over time. The purple exchange rate line is also a pretty good indicator of how active the exchange was. The more vertical gig-zagging the more exchanges; the flatter it is, the more one-sided or quiet the exchange was. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
138
|
Posted - 2014.10.21 04:07:00 -
[114] - Quote
OP rates updated to reflect a fairly large Dust to Eve transfer. I'm wondering whether 1.9 is going to put enough Dust isk in people's wallets, if they can sell all their salvage, that the rate might move even more. When the patch hits the rates might move down toward Dust isk x3.5 and Eve isk x 1/5th. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
139
|
Posted - 2014.10.27 14:20:00 -
[115] - Quote
You're welcome, rates updated. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
145
|
Posted - 2014.11.05 12:41:00 -
[116] - Quote
I'm holding off on carrying out any exchanges until Nov. 10th, just to give CCP some time to hotfix any bugs introduced with patch 1.9.
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
148
|
Posted - 2014.11.12 23:38:00 -
[117] - Quote
Gyn Wallace wrote:I'm holding off on carrying out any exchanges until Nov. 10th, just to give CCP some time to hotfix any bugs introduced with patch 1.9.
It is my current understanding that CCP has elected to let us keep all the isk we were paid right after 1.9 dropped, when the isk payouts were greatly inflated for a couple of days, rather than reversing any of those payouts as the product of a bug. Accordingly, I'm no longer holding off on exchanges now that the time for this potential remedy appears to have passed. The exchange is again open for business.
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
150
|
Posted - 2014.11.14 14:50:00 -
[118] - Quote
Jadek Menaheim wrote:Just so I have this right I deposit ISK to Min Lo and write 'Jadek Menaheim' in the reason for ISK transfer box. Then I send you an evemail letting you know what's up?
Yes, your Eve character sends Eve isk to my Eve character, Min Lo, along with an Evemail, for example, "Hi, just sent 550M Eve isk to you; please send 100M Dust isk to Jadek Menaheim." from Jadek Of Eve, or whoever your Eve character is whose sending Min Lo isk.
The precise form isn't important; what's important is that your little brother doesn't hear about you sending me isk, hop on Dust and tell me, from his Dust character, "Hi, I'm Jadek of Eve's alt in Dust, send me the isk." If you don't get around to sending me an evemail identifying the correct Dust character until later, I might send the isk to the wrong party.
Alternatively, you can confirm everything here in this thread. Tell me your Eve and Dust alts' names, ask to confirm that the rates posted on the first page are still current, etc. You don't have to communicate with me by Evemail, but if you'd like to keep some information about your transfer private, I'm happy to accommodate you.
Alena Ventrallis wrote:Are the listed exchanges the only valid ones, or can you accept variations of the listed exchange rates?
Those are my current offers. You're always welcome to propose an alternative offer. If its close, or if I was getting lots of business in one direction and was about to change the rates anyway, I might accept. It doesn't hurt to ask. What kind of exchange rate, in what direction, were you contemplating?
True Adamance wrote:If still running I certainly am interested in finding out your most recent exchange rates.
I'll update the front post to show that those are still current.
-Gyn Wallace/Min Lo
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
150
|
Posted - 2014.11.14 17:17:00 -
[119] - Quote
I don't recall whether I've already done this earlier in this thread, but I thought it might be useful to break down the process for buying Dust isk with real money, and considering what that can buy you in Dust. Apologies for the wall of text.
First of all, your real money has to go to CCP. Shop around for exchange rates by all means, but if anyone offers to sell you Eve or Dust isk, where you send your real money to them, instead of buying Plex, understand that #1 You're breaking CCP's rules, and #2 you're risking being banned. So the first step is getting an Eve Online account and buying a couple of Plex.
Currently you can buy two Plex from CCP's Plex Store for $34.99. That's $17.50 per Plex. Not bad. You can apply one of those Plex to your trial account to add 30 days of game time to your Eve account. You can sell the other one to get more Eve isk.
From within Eve Online you can look at the market and see the current orders for buying and selling Plex. As of right now, in Jita IV - Moon 4, the most active market hub in Eve Online, you can immediately sell a plex for 897M Eve isk. If you're willing to wait until someone else buys your Plex, you can set up a market order. This will cost you brokerage fees and time, but it might allow you to sell your Plex for a bit more than the current highest buy order. Currently, the lowest sell order for a Plex in Jita is 909M Eve isk.
So, after you've successfully sold your Plex on the Eve market, check the first page of this thread. If it hasn't been updated in a while, you might post to confirm that the front page's rates are still current or send me an evemail. I used to check this thread daily, but lately I'm more likely to check every other day or so. Once you've confirmed that I haven't been hit by a bus, you can send Eve isk to my Eve alt, Min Lo, along with an evemail from your Eve alt, saying something like, "Hi, please send ___M Dust isk to my Dust alt, who is named ____."
Currently, if you bought a couple of Plex from CCP for ~$35, sold one of those Plex in EveOnline for 897M Eve isk, kept 7M Eve isk to goof around with in Eve, and exchanged 890M Eve isk for Dust isk, you'd get 161M Dust isk, at the current 1/5.5 ratio.
That's ~$17.50 USD (if you bought two plex, instead of paying ~$20.00 USD for a single plex) for 161M Dust isk. That's 9.2M Dust isk per USD. If you pay ~$20.00 USD for a single plex, that's ~ 8M Dust isk per USD.
Alternatively you can spend your real money on Aurum. Currently on the PSN store, your $20.00 USD would buy you 43,000 aurum. That's 2,150 aurum per USD. (I don't know how much of that money from Aurum sales goes to CCP to continue developing Dust514/EveOnline/Legion, and how much of it goes to Sony. I am under the impression that Aurum sales are one of the ways CCP measures Dust514's success, and influences CCP's decisions to allocate resources for further developement of Dust514.) So for $20 USD you can get either 161M Dust isk or 43,000 aurum. Per USD, you can get 8M Dust isk or 2,150 Aurum.
What can that much Dust isk or Aurum buy you? That depends on your skills. If you need the aurum version because you lack the skills to use isk version, there's really no comparison. On the other hand if you do have the skill points to use the isk version, consider the following options.
Madrugar tanks:
Your dollar buys you 8M Dust isk you can spend on 82 Madrugars at 97,000 Dust isk each, or
your dollar buys you 2,150 Aurum you can spend on 7 Madrugars at 300 Aurum each.
Proto Sentinal suits:
Your dollar buys you 8M Dust isk you can spend on 138 Proto Sentinal suits at 57690 Dust isk each, or
your dollar buys you 2,150 Aurum you can spend on 21 Proto Sentinal suits at 100 Aurum each.
Those are the first two items I thought to compare. Please feel free to point out any outliers that get further away from what seems to be a roughly x10 cost multiple for using low-skill requirement aurum gear.
Having finally laid out these calculations, I don't want to discourage CCP from allocating resources to Dust514, because of bitter vets electing to purchase plex, use the exchange, and fund their Dust514 adventures this way, instead of buying Aurum. One of the reasons I want to operate this exchange in the open, is to communicate to CCP that a portion of its plex sales are an expression of players interested in playing Dust514. I imagine a business teleconfernce where Hilmar Veigar P+¬tursson says, "Ok, Rattati, we just saw Aurum sales increase by ___. Keep doing what you're doing, and we'll keep ___ devs working on Dust514." I'd like this exchange and this thread to help Hilmar Veigar P+¬tursson say, "we just saw Aurum sales increase by ___, and we can attribute ___ plex sales to people funding their Dust characters. Keep doing what you're doing, Rattati, and we'll keep ____ devs working on Dust514."
All of my plex used to keep Min Lo subscribed to Eve Online (at least eleven plex per year) can safely be attributed to keeping this exchange open and funding my Dust514 playtime. An official CCP run exchange would let CCP measure this directly. I hope CCP will consider this thread and this exchange's operation (especially when building Legion), even though its a poor substitute for an official exchange.
Thanks to everyone who bothered to bore through what turned into a rambling wall of text,
-Gyn Wallace/Min Lo
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
154
|
Posted - 2014.11.15 03:19:00 -
[120] - Quote
Pokey Dravon wrote:Alena Ventrallis wrote:So if I give 100M Eve money, what would that translate to in Dust money? A penalty on the current exchange rate? Currently it looks like the rate is 5.5/1 so 100M EVE ISK is 18.18M Dust ISK
That's correct. If I get too many small exchanges, I may publish rates that change with the batch sizes again, with poorer rates of exchange for smaller batches. I used to do that because I was worried about getting swamped with small batch exchanges, but it hasn't been a problem.
The Dust/Eve Isk Exchange Thread
|
|
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
156
|
Posted - 2014.11.29 15:32:00 -
[121] - Quote
Gyn Wallace wrote:Currently you can buy two Plex from CCP's Plex Store for $34.99. That's $17.50 per Plex. ... That's ~$17.50 USD (if you bought two plex, instead of paying ~$20.00 USD for a single plex) for 161M Dust isk. That's 9.2M Dust isk per USD. If you pay ~$20.00 USD for a single plex, that's ~ 8M Dust isk per USD. That price is no longer current. CCP is having a sale on Plex.
$16.96 for one Plex
$29.74 for two Plex
The price for plex in Eve isk has dropped, and appears to still be dropping. You can currently sell a Plex for 825M Eve isk, which can then be exchanged with me into 150M Dust isk. If you're paying $15.00 per plex by buying two or more at a time, that's 10M Dust isk per U.S. dollar.
That's a pretty good deal, for anyone grinding public matches to support their faction warfare play. Or anyone trying to support an expensive vehicle habit.
I don't know how long CCP will be having this Plex sale. I don't know where the price of Plex on the Eve market will go. I estimate that the biggest risk for pursuing this process is that between buying Plex from CCP and selling them on the Eve market, the Eve isk price could drop further. I would be surprised if it dropped below 750M Eve isk per Plex. Anyone with questions about this process should feel free to ask.
-Gyn Wallace/Min Lo
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
157
|
Posted - 2014.11.30 15:40:00 -
[122] - Quote
First post's rates are still current.
Another way of expressing the value of buying plex to sell for Eve isk to exchange into Dust isk:
If you earn about 200k Dust isk each pub match, you'll earn 1M Dust isk in 5 matches; 10M Dust isk in 50 matches; 100M Dust isk in 500 matches; or 150M Dust isk in 750 matches.
Or instead of grinding though 750 pub matches, you could spend $17.00. Suppose you're running ambushes and finish a match every 15 minutes; 4 matches per hour; 32 matches per day (at 8 hours of play time per day); 224 matches per week. In just over three weeks of play you can earn as much Dust isk as would have cost you $17.00.
If Chinese gold farmers were playing Dust and trying to undercut CCP, they'd be earning less than $0.08 per hour. A million Dust isk is worth a dime. When someone destroys your 200k vehicle or logi suit, you really just lost two cents. I try to remember than when I die stupidly.
Lots of games with subscription costs have charged something in the neighborhood of $10 to $20 per month. If you were to spend a Plex a month on Dust, you could afford to lose about 42 Madrugars per day, or about 69 proto Sentinel suits per day, every day for thirty days..
For how many months of entertainment would 150M Dust isk at a cost of $17.00, actually last you?
-Gyn Wallace/Min Lo
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
158
|
Posted - 2014.12.05 17:39:00 -
[123] - Quote
Rates updated.
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
158
|
Posted - 2014.12.06 16:44:00 -
[124] - Quote
sir RAVEN WING wrote:Too bad I have no EVE counterpart...
I'd be working on my 1st trillion dust isk if I did!
An Eve trial account is free for two weeks...
Also, top post rates updated to add some very small batch sizes.
-Gyn Wallace/Min Lo
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
162
|
Posted - 2014.12.21 03:16:00 -
[125] - Quote
Internal error... No exchanges tonight. Hopefully will be resolved after downtime.
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
163
|
Posted - 2014.12.22 17:34:00 -
[126] - Quote
Z3dog wrote:This is really cool. Do you have stocks?
Whatever the problem was Saturday night was resolved; able to log on to Dust again.
No, I don't have stocks or shares.
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
171
|
Posted - 2014.12.28 14:31:00 -
[127] - Quote
Rates updated.
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
206
|
Posted - 2015.02.01 16:42:00 -
[128] - Quote
Rates updated.
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
256
|
Posted - 2015.02.27 01:56:00 -
[129] - Quote
DUST Fiend wrote:I sent you an Evemail, I'm interested in making a transfer
Hi Dust Fiend, reply sent and front page rates updated.
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
257
|
Posted - 2015.02.27 14:45:00 -
[130] - Quote
DUST Fiend wrote:I will hop on EVE to reply as soon as I can. Guess everyone's gone to 1 to 8 ratio now :/ Oh well, it is what it is lol
Mail sent
Transfer complete, and front page rates updated.
Thank you for the business,
-Gyn Wallace/Min Lo
The Dust/Eve Isk Exchange Thread
|
|
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
262
|
Posted - 2015.03.03 00:14:00 -
[131] - Quote
You're welcome Fiend, thank you for the business.
Also, rates updated.
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
280
|
Posted - 2015.03.06 15:56:00 -
[132] - Quote
Previous Eve to Dust batch sold out, I'll be updating the rates to:
Quote:For people who want to transfer their Dust isk into Eve isk, the ratio is about x5.5 (a little worse for small batches)
10M Dust isk buys you 40M Eve isk, or
20M Dust isk buys you 90M Eve isk, or
100M Dust isk buys you 550M Eve isk, or
140M Dust isk buys you 770M Eve isk, or
150M Dust isk buys you 825M Eve isk, or (this is close to the cost to buy an Eve plex quickly)
160M Dust isk buys you 880M Eve isk, or
200M Dust isk buys you 1.1B Eve isk
I have 1.1B Eve isk for sale at these prices. After it is sold, the rate may drop towards x5.
Quote:As for the opposite direction, for people who want to transfer their Eve isk into Dust isk, the ratio is ~1/9ths (worse for small batches)
50M Eve isk buys you 4.5M Dust isk, or
100M Eve isk buys you 10M Dust isk, or
450M Eve isk buys you 50M Dust isk, or
783M Eve isk buys you 87M Dust isk, or (this is close to the price you can quickly sell an Eve plex)
801M Eve isk buys you 89M Dust isk, or
819M Eve isk buys you 91M Dust isk
I have 91M Dust isk for sale at these prices. After it is sold the ratio may shift closer to 1/9.25th.
-Gyn Wallace/Min Lo
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
280
|
Posted - 2015.03.07 14:06:00 -
[133] - Quote
Outstanding transfers completed, and rates updated to:
Updated as of March 7th, 2015:
Quote:For people who want to transfer their Dust isk into Eve isk, the ratio is about x6 (a little worse for small batches)
10M Dust isk buys you 40M Eve isk, or
20M Dust isk buys you 90M Eve isk, or
100M Dust isk buys you 600M Eve isk, or
130M Dust isk buys you 780M Eve isk, or
135M Dust isk buys you 810M Eve isk, or (this is close to the cost to buy an Eve plex quickly)
140M Dust isk buys you 8400M Eve isk, or
200M Dust isk buys you 1.2B Eve isk
I have 1.2B Eve isk for sale at these prices. After it is sold, the rate may drop towards x5.5.
Quote:As for the opposite direction, for people who want to transfer their Eve isk into Dust isk, the ratio is ~1/9.25ths (worse for small batches)
50M Eve isk buys you 4.5M Dust isk, or
100M Eve isk buys you 9M Dust isk, or
463M Eve isk buys you 50M Dust isk, or
775M Eve isk buys you 83.5M Dust isk, or (this is close to the price you can quickly sell an Eve plex)
800M Eve isk buys you 86.5M Dust isk, or
825M Eve isk buys you 89M Dust isk,or
1B Eve isk buys you 108M Dust isk
I have 108M Dust isk for sale at these prices. After it is sold the ratio may shift closer to 1/9.5th.
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
281
|
Posted - 2015.03.10 00:02:00 -
[134] - Quote
Michael Epic wrote:Thank you very much Gyn!
You're very welcome. Also rates updated to:
Updated as of March 9th, 2015:
Quote:For people who want to transfer their Dust isk into Eve isk, the ratio is about x6 (a little worse for small batches)
10M Dust isk buys you 40M Eve isk, or
20M Dust isk buys you 90M Eve isk, or
100M Dust isk buys you 600M Eve isk, or
130M Dust isk buys you 780M Eve isk, or
135M Dust isk buys you 810M Eve isk, or (this is close to the cost to buy an Eve plex quickly)
140M Dust isk buys you 8400M Eve isk, or
200M Dust isk buys you 1.2B Eve isk
I have 1.2B Eve isk for sale at these prices. After it is sold, the rate may drop towards x5.5.
Quote:As for the opposite direction, for people who want to transfer their Eve isk into Dust isk, the ratio is ~1/9.5ths (worse for small batches)
50M Eve isk buys you 4.5M Dust isk, or
100M Eve isk buys you 9M Dust isk, or
475M Eve isk buys you 50M Dust isk, or
775M Eve isk buys you 81.5M Dust isk, or (this is close to the price you can quickly sell an Eve plex)
800M Eve isk buys you 84.2M Dust isk, or
825M Eve isk buys you 86.8M Dust isk,or
1B Eve isk buys you 105.2M Dust isk
I have 105.2M Dust isk for sale at these prices. After it is sold the ratio may shift closer to 1/10th.
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
Ready to Play
292
|
Posted - 2015.03.12 15:12:00 -
[135] - Quote
Rates updated again, to:
Quote:For people who want to transfer their Dust isk into Eve isk, the ratio is about x7 (a little worse for small batches)
10M Dust isk buys you 50M Eve isk, or
20M Dust isk buys you 100M Eve isk, or
100M Dust isk buys you 700M Eve isk, or
110M Dust isk buys you 770M Eve isk, or
115M Dust isk buys you 805M Eve isk, or (this is close to the cost to buy an Eve plex quickly)
120M Dust isk buys you 840M Eve isk, or
200M Dust isk buys you 1.4B Eve isk, or
400M Dust isk buys you 2.8B Eve isk
I have 2.8B Eve isk for sale at these prices. After it is sold, the rate may drop towards x6.
Quote:As for the opposite direction, for people who want to transfer their Eve isk into Dust isk, the ratio is ~1/10th (worse for small batches)
50M Eve isk buys you 4M Dust isk, or
100M Eve isk buys you 9M Dust isk, or
500M Eve isk buys you 50M Dust isk, or
790M Eve isk buys you 79M Dust isk, or (this is close to the price you can quickly sell an Eve plex)
800M Eve isk buys you 80M Dust isk, or
810M Eve isk buys you 81M Dust isk,or
1B Eve isk buys you 100M Dust isk
I have 100M Dust isk for sale at these prices. After it is sold the ratio may shift closer to 1/11th.
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
Ready to Play
314
|
Posted - 2015.03.25 14:00:00 -
[136] - Quote
Original post rates updated. Would a 7/11 joke be appropriate?
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
Ready to Play
319
|
Posted - 2015.04.03 14:23:00 -
[137] - Quote
Updated rates.
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
Ready to Play
319
|
Posted - 2015.04.07 14:25:00 -
[138] - Quote
Updated rates again.
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
Ready to Play
320
|
Posted - 2015.04.10 14:33:00 -
[139] - Quote
PADDEHATPIGEN wrote:I will try to contact you ingame next time I play.
I want to buy some ISK for this duster.
Sounds good. Rates updated. Evemail reply sent.
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
Ready to Play
357
|
Posted - 2015.05.31 00:45:00 -
[140] - Quote
I'll probably be offline for the remainder of the Summer. If anyone sends me isk in error, I'll keep an eye out for messages to that effect, but I won't be checking in daily, or perhaps even weekly. As I come across such messages, I'll return whatever I've been sent, until I'm ready to resume exchanges.
Please feel free to continue posting in this thread any isk exchange related questions, but do not expect particularly prompt answers.
-Gyn Wallace/Min Lo
The Dust/Eve Isk Exchange Thread
|
|
|
Gyn Wallace
Ready to Play
358
|
Posted - 2015.06.04 02:06:00 -
[141] - Quote
Ralis Sharn wrote:I sent Isk a while ago before realizing you were gone. If I could get that transferred or returned it would be appreciated.
(Cirdan Fefalas Fefalas).
Checked in today and completed a couple of transfers. I apologize for the delay.
The Dust/Eve Isk Exchange Thread
|
Gyn Wallace
Ready to Play
361
|
Posted - 2015.07.28 14:00:00 -
[142] - Quote
NuMaiky nyi wrote:I would like 100M dust isk please
person paying ( NuMaiky )
pay too NuMaiky nyi
please post cost of 100M isk please I would like this in the next 72 hours please
I'm very sorry NuMaiky, but I'm still on a bit of a Dust/Eve vacation. I plex my Eve account, and so haven't spent a plex lately. I'll be checking in again in the Fall, to see if I should start up again, but this exchange is currently suspended.
You could try Victor Hadah; he might be running a currently operating exchange. I don't guarantee anyone's exchanges except my own, obviously, but anyone else operating an exchange is welcome to post here. I might even try to use the front page of this thread as a periodically updated list of the best exchange rates in each direction, even if I'm no longer very active. I still follow the game/forums periodically even though I haven't played lately.
I do imagine that I'll jump back in by this Winter, since competing entertainment options will require building a new computer, and probably not be out of beta until late 2016.
-Gyn Wallace/Min Lo
The Dust/Eve Isk Exchange Thread
|
|
|
| |
|