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Gyn Wallace
OSG Planetary Operations Covert Intervention
10
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Posted - 2013.11.11 03:43:00 -
[61] - 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.
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Cash Gash
1 36 Infantry Battalion
14
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Posted - 2013.11.11 04:16:00 -
[62] - Quote
is this still going on today? |
Gyn Wallace
OSG Planetary Operations Covert Intervention
10
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Posted - 2013.11.12 03:45:00 -
[63] - 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. |
Cash Gash
1 36 Infantry Battalion
23
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Posted - 2013.11.13 02:13:00 -
[64] - Quote
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. |
Flint Beastgood III
GunFall Mobilization Covert Intervention
332
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Posted - 2013.11.14 16:58:00 -
[65] - Quote
I'm interested in the next 4 batches (45-48).
Gÿn++ +¦ +¦ Gÿó
Meta Gaming V > Proficiency I
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Shadowdrake Drakus
RBAAlliance
2
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Posted - 2013.11.14 20:09:00 -
[66] - Quote
can't rates be normalized to some form of the real money exchange that happens between the two games?
example: $15 buys one plex = roughtly 600m Eve isk.
I think it was $10 buys 10000 aurum? assuming a proto weapon is roughly 50k dust isk and generally about 100 aurum: 10000 aurum is 5mil dust isk.
just a fleeting thought of course and probably not the greatest idea for the exchange. Also, can't corps get api verified? Couldn't you use that to help track exchanges? |
Vell0cet
Company of Marcher Lords Amarr Empire
545
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Posted - 2013.11.14 21:09:00 -
[67] - Quote
Shadowdrake Drakus wrote:can't rates be normalized to some form of the real money exchange that happens between the two games?
example: $15 buys one plex = roughtly 600m Eve isk.
I think it was $10 buys 10000 aurum? assuming a proto weapon is roughly 50k dust isk and generally about 100 aurum: 10000 aurum is 5mil dust isk.
just a fleeting thought of course and probably not the greatest idea for the exchange. Also, can't corps get api verified? Couldn't you use that to help track exchanges? This would only make sense if you could convert from AUR/ISK/PLEX to dollars. 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.
Quick/Dirty Test Range Idea
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Gyn Wallace
OSG Planetary Operations Covert Intervention
10
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Posted - 2013.11.15 14:35:00 -
[68] - 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..
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Gyn Wallace
OSG Planetary Operations Covert Intervention
10
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Posted - 2013.11.15 14:45:00 -
[69] - 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.
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Gyn Wallace
OSG Planetary Operations Covert Intervention
11
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Posted - 2013.11.15 15:42:00 -
[70] - 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. |
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Cash Gash
1 36 Infantry Battalion
23
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Posted - 2013.11.15 19:31:00 -
[71] - Quote
Gyn Wallace wrote: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.
I remember reading that actually. Good idea though as I hate spending real money on anything but the possibility of making more real money.
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. |
Gyn Wallace
OSG Planetary Operations Covert Intervention
11
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Posted - 2013.11.16 04:09:00 -
[72] - 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.
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Flint Beastgood III
GunFall Mobilization Covert Intervention
336
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Posted - 2013.11.16 08:24:00 -
[73] - Quote
Gyn Wallace wrote: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.
See EVE thread.
Gÿó +¦ +¦ Gÿó
Meta Gaming V > Proficiency I
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Agrios Endendros
Single Serving Friends
10
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Posted - 2013.11.25 23:16:00 -
[74] - Quote
Gyn Wallace wrote:UPDATE to show rates available as of Nov. 22th, 2013:
80M Dust for 600M Eve, 45th batch; - Next available 80M Dust for 600M Eve, 46th batch; 90M Dust for 600M Eve, 47th batch; 90M Dust for 600M Eve, 48th batch; 100M Dust for 600M Eve, 49th batch; 100M Dust for 600M Eve, 50th batch; 110M Dust for 600M Eve, 51st batch; 110M Dust for 600M Eve, 52nd batch; 120M Dust for 600M Eve, 53rd batch;
For the opposite direction of transfers, from Eve to Dust isk, the initial offer rate of exchange has risen to:
600M Eve for 61M Dust isk, for the "A" batch; 600M Eve for 61M Dust isk, for the "B" batch; 600M Eve for 61M Dust isk for the "C" batch; 600M Eve for 61M Dust isk for the "D" batch; 600M Eve for 60M Dust isk for the "E" batch; 600M Eve for 60M Dust isk for the "F" batch; 600M Eve for 60M Dust isk for the "G" batch;
-Gyn Wallace/Min Lo
Original post follows:
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.
Interested, please contact me. |
Gyn Wallace
OSG Planetary Operations Covert Intervention
12
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Posted - 2013.11.26 16:21:00 -
[75] - Quote
Agrios Endendros wrote:
Interested, please contact me.
Eve-mail sent
Gyn Wallace/Min Lo
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Fox Gaden
Bojo's School of the Trades
1609
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Posted - 2013.11.26 17:51:00 -
[76] - Quote
I thought about suggesting a similar arrangement, but it is nice to see someone else had the same thought. I donGÇÖt have enough ISK on DUST side to run something like this myself anyway.
I would think this would be good for CCP as it will allow market demand to set the exchange rate and CCP will know what the exchange rate is before they implement ISK transfer between the games.
I personally think that CCP should consider DUST ISK and EVE ISK to be two separate currencies, and handle it as a currency exchange, as you are doing. I like the idea of an exchange rate much more than the idea of some ridiculous tax on the exchange between the games. It would be nice if CCP could set it up so the exchange rate is market driven. Or maybe they should just design around the existence of brokers such as yourself, by offering tools to make your job easier.
It would be like in Cuba where they have the Cuban Paso and the Convertible Cuban Paso. DUST ISK is like the Cuban Paso, and EVE ISK is like the Convertible Cuban Paso.
Renier Gaden: CEO of Immortal Guides
Fox Gaden: TCO & TMO for BSotT
Crash Gaden: Operations Director, Immortal Guide
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Luna Angelo
We Who Walk Alone
158
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Posted - 2013.11.26 18:45:00 -
[77] - Quote
What is the current rate as of today?
Contact WaTcHoUt1219 ZARTA for Logos. More are available. 500K ISK.
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Ridire Greine
105
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Posted - 2013.11.27 00:23:00 -
[78] - Quote
Has there been a change in prices yet?
Property of Knight SoiaireGäó
R 0 N 1 N
[VGTG]
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Gyn Wallace
OSG Planetary Operations Covert Intervention
12
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Posted - 2013.11.27 06:05:00 -
[79] - 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. |
Ridire Greine
108
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Posted - 2013.11.27 13:54:00 -
[80] - Quote
Ah, I dont have that sort of ISK right now.
Will have to see how much I get from the Vehicle refund and decide from there.
Property of Knight SoiaireGäó
R 0 N 1 N
[VGTG]
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Gyn Wallace
OSG Planetary Operations Covert Intervention
12
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Posted - 2013.11.27 15:03:00 -
[81] - 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. |
Flint Beastgood III
GunFall Mobilization Covert Intervention
372
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Posted - 2013.11.27 15:10:00 -
[82] - Quote
Gyn Wallace wrote:
#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.
Unlike PSN codes, there is no way to check validity, as soon as you enter the code it gets redeemed unfortunately.
Gÿó +¦ +¦ Gÿó
Meta Gaming V > Proficiency I
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Flint Beastgood III
GunFall Mobilization Covert Intervention
372
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Posted - 2013.11.27 15:18:00 -
[83] - Quote
Fox Gaden wrote:I thought about suggesting a similar arrangement, but it is nice to see someone else had the same thought. I donGÇÖt have enough ISK on DUST side to run something like this myself anyway.
No one in EVE is buying DUST ISK (hence the super high rates here), so you only really need EVE ISK if you want to start a service like this. You'll have plenty of DUST ISK in no time.
Gÿó +¦ +¦ Gÿó
Meta Gaming V > Proficiency I
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Agrios Endendros
Single Serving Friends
58
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Posted - 2013.12.01 02:16:00 -
[84] - Quote
Excellent service. Highly Recommended.
Alts: Haruko Endendros, Canti Endendros, & Zero Endendros
Play Dust! Join Here!
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Jaysyn Larrisen
OSG Planetary Operations Covert Intervention
371
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Posted - 2013.12.01 02:44:00 -
[85] - Quote
I now dub thee Gyn "Marcellus" Wallace.
Dux and I get to be Jules and Vincent - calling it! |
Gyn Wallace
OSG Planetary Operations Covert Intervention
15
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Posted - 2013.12.01 05:36:00 -
[86] - 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. |
Vell0cet
SVER True Blood Public Disorder.
651
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Posted - 2013.12.01 17:23:00 -
[87] - Quote
Flint Beastgood III wrote:Fox Gaden wrote:I thought about suggesting a similar arrangement, but it is nice to see someone else had the same thought. I donGÇÖt have enough ISK on DUST side to run something like this myself anyway.
No one in EVE is buying DUST ISK (hence the super high rates here), so you only really need EVE ISK if you want to start a service like this. You'll have plenty of DUST ISK in no time. This could be related to the rates being off. If the conversion rate becomes better, we might see more demand for EVE-to-DUST conversions.
Quick/Dirty Test Range Idea
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Flint Beastgood III
GunFall Mobilization Covert Intervention
377
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Posted - 2013.12.05 18:39:00 -
[88] - Quote
< Ready to be put into the queue for next batch.
Gÿó +¦ +¦ Gÿó
Meta Gaming V > Proficiency I
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Gyn Wallace
OSG Planetary Operations Covert Intervention
15
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Posted - 2013.12.07 16:57:00 -
[89] - Quote
queue updated, and I should be online much of Saturday. |
Jebus McKing
Molon Labe. RISE of LEGION
193
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Posted - 2013.12.09 16:28:00 -
[90] - Quote
I need 1200mil EVE ISK. How is the procedure?
@JebusMcKing // Rifle stats comparison spreadsheet.
ò_Ô
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