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demonkiller 12
G.L.O.R.Y
Public Disorder.
323
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Posted - 2014.01.10 04:31:00 -
[121] - Quote
WHY DID I NEVER KNOW ABOUT THIS???????
finally have a way to fund my EVE accounts again |
demonkiller 12
G.L.O.R.Y
Public Disorder.
323
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Posted - 2014.01.10 04:50:00 -
[122] - Quote
Zeylon Rho wrote:Flint Beastgood III wrote:CONFIRMATION: 2.4bil EVE ISK received. Good doing business with you. Need to promote that EVE thread now and get some transfers going in the opposite direction to bring down the rate for exchanging DUST ISK so I can do some more deals  I'd wait for that too I think. The time required to make 36 million in Dust vs. 600 million in EVE isn't even close to comparable.
agreed, u can make billions just sitting in jita buying and selling with minimal effort compared to 90% of dust who are currently struggling to make 10mil a month, luckily i dont mind running standard suits (all BPO) and am quite good with them + lots of time to play |
demonkiller 12
G.L.O.R.Y
Public Disorder.
323
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Posted - 2014.01.10 05:06:00 -
[123] - Quote
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? |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
59
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Posted - 2014.01.10 14:04:00 -
[124] - 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.
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Dustbunny Durrr
ReD or DeaD
32
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Posted - 2014.01.10 17:24:00 -
[125] - Quote
ISK received, pleasure doing business Gyn. |
Gyn Wallace
OSG Planetary Operations
Covert Intervention
59
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Posted - 2014.01.10 17:29:00 -
[126] - 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
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Anarchide
Greedy Bastards
1717
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Posted - 2014.01.10 17:42:00 -
[127] - Quote
Send 600,000,000 EVE Isk to my EVE Character Jelly Fat and I'll send you back 122,000,000 Dust Isk ASAP.
I'm also selling an unused Collector's Edition Templar BPO Code for 1,000,000,000 EVE Isk. Cash up front.
Greedy Bastards' Hate Lord
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Agrios Endendros
Single Serving Friends
98
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Posted - 2014.01.10 21:55:00 -
[128] - Quote
Anarchide wrote:Send 600,000,000 EVE Isk to my EVE Character Jelly Fat and I'll send you back 122,000,000 Dust Isk ASAP.
I'm also selling an unused Collector's Edition Templar BPO Code for 1,000,000,000 EVE Isk. Cash up front.
lol
Agrios Endendros Heavy
Haruko Endendros AV Logi ~ Canti Endendros Pilot ~ Zero Endendros Support Logi
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Anarchide
Greedy Bastards
1721
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Posted - 2014.01.11 03:19:00 -
[129] - Quote
This is absolutely serious!
Greedy Bastards' Hate Lord
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Anarchide
Greedy Bastards
1721
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Posted - 2014.01.11 03:23:00 -
[130] - Quote
I need ISK in EVE to buy large amounts of Fedos.
Greedy Bastards' Hate Lord
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Agrios Endendros
Single Serving Friends
99
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Posted - 2014.01.11 03:29:00 -
[131] - Quote
Anarchide wrote:This is absolutely serious!
Min Lo/Gyn Wallace has earned trust and respect. Customers, once approved, typically send him the isk up front. Plus, your Templar BPO price is ludicrous. (Between x3 and x10 its value)
Agrios Endendros Heavy
Haruko Endendros AV Logi ~ Canti Endendros Pilot ~ Zero Endendros Support Logi
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Anarchide
Greedy Bastards
1721
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Posted - 2014.01.11 11:16:00 -
[132] - Quote
Trust?! Respect??
....
I'm over 9000!!!!!!!!!
Greedy Bastards' Hate Lord
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Gyn Wallace
OSG Planetary Operations
Covert Intervention
59
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Posted - 2014.01.11 19:13:00 -
[133] - 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
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Anarchide
Greedy Bastards
1729
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Posted - 2014.01.11 20:06:00 -
[134] - Quote
Anarchide wrote:Send 600,000,000 EVE Isk to my EVE Character Jelly Fat and I'll send you back 122,000,000 Dust Isk ASAP.
I'm also selling an unused Collector's Edition Templar BPO Code for 1,000,000,000 EVE Isk. Cash up front.
I meant I'm absolutely serious about the deal I am offering you.
And by ASAP I mean the next time I connect (I connect everyday).
It's an offer from me to you.
Greedy Bastards' Hate Lord
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Gyn Wallace
OSG Planetary Operations
Covert Intervention
59
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Posted - 2014.01.12 15:18:00 -
[135] - 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
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Posted - 2014.01.12 16:58:00 -
[136] - 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 |
Anarchide
Greedy Bastards
1729
|
Posted - 2014.01.12 18:32:00 -
[137] - Quote
Mr Kane Spero offers better rates than yours.
I offered you more because you are assuming the risk in my offer. This is a way of rewarding you for trusting me.
As now, I could go only with Mr Spero Services, but I have made you an offer and I never back down on my words. I have enough Dust ISK to use both services.
Thought your counter-offer is adequate, it is also a lot more of hassle. I hoped that the fact that I'm offering more money would have saved me from this hassle. Let me know. I will be online shortly.
Greedy Bastards' Hate Lord
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Gyn Wallace
OSG Planetary Operations
Covert Intervention
60
|
Posted - 2014.01.12 19:20:00 -
[138] - 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. |
Anarchide
Greedy Bastards
1729
|
Posted - 2014.01.12 19:27:00 -
[139] - Quote
So, I guess I will decline. You counter offer is honorable, but is a pita to implement.
Sorry for the inconvenients I may have caused you.
Greedy Bastards' Hate Lord
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Anarchide
Greedy Bastards
1729
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Posted - 2014.01.12 19:41:00 -
[140] - Quote
Nevermind, I'll use your services under your conditions.
Greedy Bastards' Hate Lord
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Anarchide
Greedy Bastards
1729
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Posted - 2014.01.12 19:44:00 -
[141] - Quote
Transaction completed.
+1
Greedy Bastards' Hate Lord
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Gyn Wallace
OSG Planetary Operations
Covert Intervention
60
|
Posted - 2014.01.12 19:50:00 -
[142] - 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
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Anarchide
Greedy Bastards
1729
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Posted - 2014.01.12 20:14:00 -
[143] - Quote
Been a pleasure doing business with you!
Greedy Bastards' Hate Lord
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Agrios Endendros
Single Serving Friends
105
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Posted - 2014.01.12 20:31:00 -
[144] - Quote
Anarchide wrote:Been a pleasure doing business with you!
Glad to see you turned out to be an honorable individual. (Your Templar BPO price is still ludicrous, though.)
Agrios Endendros Heavy
Haruko Endendros AV Logi ~ Canti Endendros Pilot ~ Zero Endendros Support Logi
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Gyn Wallace
OSG Planetary Operations
Covert Intervention
61
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Posted - 2014.01.12 23:01:00 -
[145] - 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.
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Gyn Wallace
OSG Planetary Operations
Covert Intervention
62
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Posted - 2014.01.18 15:31:00 -
[146] - Quote
Front page rate/batch availability updated. |
Dustbunny Durrr
ReD or DeaD
85
|
Posted - 2014.01.31 17:36:00 -
[147] - Quote
Are these rates still active and accurate? |
Flint Beastgood III
GunFall Mobilization
Covert Intervention
493
|
Posted - 2014.01.31 17:39:00 -
[148] - Quote
Need a small amount (not whole batch) if possible Gyn mate.
Gÿó +¦ +¦ Gÿó
Trained Skills
|
Gyn Wallace
OSG Planetary Operations
Covert Intervention
67
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Posted - 2014.01.31 19:16:00 -
[149] - 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 -
[150] - 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.
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