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When I started with the hatchery, I was but a lonely and terrible PVE character, doing a mix of High Sec Exploration (in assault frigates, which is actually really fun), Level 4 missioning out of Umokka, and some basic arbitrage trading.
In these dark times, I longed for the CNR, which I assumed would be the day when I'd be able to scrape up the money to PLEX my account consistently and have to stop paying for my first account. My total assets were in the low hundred millions. I was looking for something a little more exciting and substantial. While watching some SC2 tournament I came upon the EVE Corporation thread. I figured, "hey, why not" and applied through the in game channels.
A few short months later, I am still a terrible, terrible pilot who loses shit stupidly HOWEVER I now have like 50billion isk 6 accounts (and growing) and more shit than I even know what to do with. THANK YOU HATCHERY.
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Hyrule18968 Posts
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On May 15 2012 01:41 Mysticus wrote:
When I started with the hatchery, I was but a lonely and terrible PVE character, doing a mix of High Sec Exploration (in assault frigates, which is actually really fun), Level 4 missioning out of Umokka, and some basic arbitrage trading.
In these dark times, I longed for the CNR, which I assumed would be the day when I'd be able to scrape up the money to PLEX my account consistently and have to stop paying for my first account. My total assets were in the low hundred millions. I was looking for something a little more exciting and substantial. While watching some SC2 tournament I came upon the EVE Corporation thread. I figured, "hey, why not" and applied through the in game channels.
A few short months later, I am still a terrible, terrible pilot who loses shit stupidly HOWEVER I now have like 50billion isk 6 accounts (and growing) and more shit than I even know what to do with. THANK YOU HATCHERY.
All you people with all your isk =(
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United States41950 Posts
"master hyde is 24b"
"I'll give you 20"
"it's 24b"
"but I'll give you 20"
"it's 24b"
"I looked it up, you paid 16.75 for it, I'll give you 20 for it"
"it's 24b"
"I'm smarter than the average buyer, I know you're making a profit on it but don't try to scam me, I know what you paid"
"it's 24b"
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I usually go through every character I buy and request CCP delete all their threads.
~untraceable~
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United States41950 Posts
I don't over-pay by 7b because you like to resale every day and you arn't willing to negotiate a win-win situation. Get out of my thread you scumsucker lol.
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Lalalaland34483 Posts
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United States41950 Posts
How to eve, a lesson in basic economics.
Step 1, find someone with more isk than you.
Step 2, suggest that they give you some of theirs.
Step 3, describe the above as a win win situation.
It can also be applied to industry and logistics in the following way.
Step 1, find a transaction which is profitable to an individual which you had no part in.
Step 2, find a service that individual can provide which is profitable to you.
Step 3, convince them that the two are not two separate transactions but rather one which is a win win.
An example below.
"Sir, you appear to have mined some minerals and then used those minerals to build a drake."
"Indeed I have"
"The Jita rate for such a ship appears to be 60m"
"Indeed sir it is"
"If I were to offer you 30m for that drake then you would have a 30m and I would have a drake"
"I've always wanted 30m! I didn't have it before, this is a win!"
Sometimes they may resist with phrases such as
"but couldn't I just sell it for 60m?"
In that situation you need to stress that that would in fact just be a win and not a win win which is twice as winning
"yes but you previously had no millions before you started mining, don't be greedy, 30m is a lot of millions"
"isn't it in fact 30m less than 60m?"
"yes but it's 30m more than 0m which is what you had before you started mining and I get a drake for below Jita, it's a win win"
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On May 15 2012 01:26 Firebolt145 wrote:
He never had 1T isk. It was always including assets.
Kinda my point, I know that motbot had audited his old business at some point. While I don't doubt kwark is worth untold riches that are eventually accruing to the point where I would be willing to find him on the next community event, plant a dead hooker in his hotel room, and black mail him for ALL the isk, my curiosity is generally geared towards the accounting side here.
IIRC motbot had valued assets on fair market value, which while sounding good is notably a no no for accounting. So I was wondering if kwark had reached the net worth stage of a trillion legitimately or if it was due to an inflated net worth from improper accounting methods. Regardless of how people view a trillion, to me it seems like quite the milestone and will be very happy congratulate a fellow TL member on an amazing feat.
I don't like to inflate the ego of kwark, but he really is fucking genius at this game, despite the occasional kwark math.
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United States41950 Posts
I don't have 1t yet. I do make 2-3b most days, some days more (like 45b a few days ago). I'll probably have it within the year.
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1t ISK at PLEX prices with the current PLEX/isk conversion translates to roughly $34,000usd.
It is enough to buy every PLEX in Jita 3 times over.
Edit: Who wants to monopolize PLEX? 
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How do u work out 34k usd. I know people that sell 3b at 50$ for 3b. Not that I buy it but I know who does
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http://hulkageddon5.machine9.net/?p=96
Holy Shitballs Batman.
And here find ourselves again. Two weeks remain before Hulkageddon ends, and the forums are full of self-important little shits proclaiming ever so loudly that Hulkageddon does not affect them.
The same cannot be said for the 5000 poor fools that have been deshipped in the first half of this year’s Hulkageddon, with over a trillion isk in damages done so far. This hulkageddon has exceeded our wildest expectations. I am so very proud of all our great competitors, and remember the race for the gold is not yet over!
As promised the pilot who tipped the balance past 1 Trillion isk (namely the honorable: MiserySignals of GoonWaffe ) Will be receiving a CASH BONUS of 2 billion isk for his effort.
There is some fierce competition in several of the prize categories, but most notably Tappad [Gents] (who had been in the lead for most of the event) has recently been overtaken by Oxygen Achasse, who has murdered an incredible 186 miners thusfar. I tip my hat to you sir!
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Only if you sell it to us at the premonopoly rate.
@mysticus: I questioned your math, so I crunched the numbers, and realized you're right. Holy crap.
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On May 15 2012 05:02 Big Monkey wrote:
How do u work out 34k usd. I know people that sell 3b at 50$ for 3b. Not that I buy it but I know who does
I assumed 1t/isk plex cost/2*$35usd
More than likely though, 1t/plex isk cost or 500m*$15usd
The thing most people dont like to say is that 34k usd is worth 1 trillion isk, but 1 trillion isk is worth a hell of a lot less(technically $0.legally)
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United States41950 Posts
On May 15 2012 05:07 abominare wrote:Show nested quote +On May 15 2012 05:02 Big Monkey wrote:
How do u work out 34k usd. I know people that sell 3b at 50$ for 3b. Not that I buy it but I know who does I assumed 1t/isk plex cost/2*$35usd More than likely though, 1t/plex isk cost or 500m*$15usd The thing most people dont like to say is that 34k usd is worth 1 trillion isk, but 1 trillion isk is worth a hell of a lot less(technically $0.legally)
I could always wait for a red cross appeal or something and then make CCP reverse redeem $30k that they thought they'd banked for lulz.
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On May 15 2012 05:11 KwarK wrote:Show nested quote +On May 15 2012 05:07 abominare wrote:On May 15 2012 05:02 Big Monkey wrote:
How do u work out 34k usd. I know people that sell 3b at 50$ for 3b. Not that I buy it but I know who does I assumed 1t/isk plex cost/2*$35usd More than likely though, 1t/plex isk cost or 500m*$15usd The thing most people dont like to say is that 34k usd is worth 1 trillion isk, but 1 trillion isk is worth a hell of a lot less(technically $0.legally) I could always wait for a red cross appeal or something and then make CCP reverse redeem $30k that they thought they'd banked for lulz.
I have near zero knowledge of the Icelandic Corporate Tax system.
In the states for corporations there are a series of credit and deduction programs surrounding charitable donations. (Most tax payers get a deduction, some rules apply to corps for full credits) I'd assume Iceland as similar programs, or at least deductions for corps.
On the books, plex is basically sits as unearned income (a liability), once redeemed it is moved over to income or another asset account. No one in their right mind looks at unearned income as anything other than some one else money not to touch, thats the whole reason the account exists, so you know what isn't your money. IF they want to project income they'd look at their historical plex burn rate from services+active accounts.
All you do when you donate is simply say, I am too incompetent to donate on my behalf, allow me to give you a favorable tax write off, that you can also use to help publicize yourself, while not impacting the fact that X-accounts will still subscribe.
Even if you used the trillions to hoard the plex to the point of causing sub losses, CCP would step in and correct it one way or another.
Tl:Dr, the person who typically benefits the most from your donation is CCP.
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United States41950 Posts
On May 15 2012 05:53 abominare wrote:Show nested quote +On May 15 2012 05:11 KwarK wrote:On May 15 2012 05:07 abominare wrote:On May 15 2012 05:02 Big Monkey wrote:
How do u work out 34k usd. I know people that sell 3b at 50$ for 3b. Not that I buy it but I know who does I assumed 1t/isk plex cost/2*$35usd More than likely though, 1t/plex isk cost or 500m*$15usd The thing most people dont like to say is that 34k usd is worth 1 trillion isk, but 1 trillion isk is worth a hell of a lot less(technically $0.legally) I could always wait for a red cross appeal or something and then make CCP reverse redeem $30k that they thought they'd banked for lulz. I have near zero knowledge of the Icelandic Corporate Tax system. In the states for corporations there are a series of credit and deduction programs surrounding charitable donations. (Most tax payers get a deduction, some rules apply to corps for full credits) I'd assume Iceland as similar programs, or at least deductions for corps. On the books, plex is basically sits as unearned income (a liability), once redeemed it is moved over to income or another asset account. No one in their right mind looks at unearned income as anything other than some one else money not to touch, thats the whole reason the account exists, so you know what isn't your money. IF they want to project income they'd look at their historical plex burn rate from services+active accounts. All you do when you donate is simply say, I am too incompetent to donate on my behalf, allow me to give you a favorable tax write off, that you can also use to help publicize yourself, while not impacting the fact that X-accounts will still subscribe. Even if you used the trillions to hoard the plex to the point of causing sub losses, CCP would step in and correct it one way or another. Tl:Dr, the person who typically benefits the most from your donation is CCP.
You really believe that CCP ringfence the $ value of unredeemed plexes and don't touch it? Their accountant must be terrible. That's an interest free credit card right there, spend/invest that money today while accounting for no greater expenses than running the game in the future. They're not like a bank where they need to keep a reserve to avoid a run, plexes cannot be redeemed back into money, there is no reason not to spend them unless you spend them in such a way that providing the service in the future isn't viable.
As long as they can predict what they need to keep their head above the water and account for that any good accountant should do whatever he can with whatever money he can find.
Edit: What does it matter if you rob a bank as long as you know when to return the money and how much.
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On May 15 2012 05:53 abominare wrote:
On the books, plex is basically sits as unearned income (a liability), once redeemed it is moved over to income or another asset account. No one in their right mind looks at unearned income as anything other than some one else money not to touch, thats the whole reason the account exists, so you know what isn't your money.
It is not illegal (at least in the U.S. and probably not in Iceland either) to spend money accounted for as "unearned income." In some businesses, it is a very normal practice, when a customer contractually obligates themselves to order a product and pays for some of it up front, to use that money to pay the costs of making the product. Only when the product delivers does that money move from the "unearned income" column to real income, but it nevertheless is still cash on hand.
How advisable it is to do this depends entirely on the likelihood that the customer will have some kind of enforceable claim on that money should they change their mind or demand its return. In the case of CCP, who make quite clear that all PLEX sales are final, they can probably spend the money once they receive it.
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On May 15 2012 06:01 KwarK wrote:Show nested quote +On May 15 2012 05:53 abominare wrote:On May 15 2012 05:11 KwarK wrote:On May 15 2012 05:07 abominare wrote:On May 15 2012 05:02 Big Monkey wrote:
How do u work out 34k usd. I know people that sell 3b at 50$ for 3b. Not that I buy it but I know who does I assumed 1t/isk plex cost/2*$35usd More than likely though, 1t/plex isk cost or 500m*$15usd The thing most people dont like to say is that 34k usd is worth 1 trillion isk, but 1 trillion isk is worth a hell of a lot less(technically $0.legally) I could always wait for a red cross appeal or something and then make CCP reverse redeem $30k that they thought they'd banked for lulz. I have near zero knowledge of the Icelandic Corporate Tax system. In the states for corporations there are a series of credit and deduction programs surrounding charitable donations. (Most tax payers get a deduction, some rules apply to corps for full credits) I'd assume Iceland as similar programs, or at least deductions for corps. On the books, plex is basically sits as unearned income (a liability), once redeemed it is moved over to income or another asset account. No one in their right mind looks at unearned income as anything other than some one else money not to touch, thats the whole reason the account exists, so you know what isn't your money. IF they want to project income they'd look at their historical plex burn rate from services+active accounts. All you do when you donate is simply say, I am too incompetent to donate on my behalf, allow me to give you a favorable tax write off, that you can also use to help publicize yourself, while not impacting the fact that X-accounts will still subscribe. Even if you used the trillions to hoard the plex to the point of causing sub losses, CCP would step in and correct it one way or another. Tl:Dr, the person who typically benefits the most from your donation is CCP. You really believe that CCP ringfence the $ value of unredeemed plexes and don't touch it? Their accountant must be terrible. That's an interest free credit card right there, spend/invest that money today while accounting for no greater expenses than running the game in the future. They're not like a bank where they need to keep a reserve to avoid a run, plexes cannot be redeemed back into money, there is no reason not to spend them unless you spend them in such a way that providing the service in the future isn't viable. As long as they can predict what they need to keep their head above the water and account for that any good accountant should do whatever he can with whatever money he can find. Edit: What does it matter if you rob a bank as long as you know when to return the money and how much.
It most certainly isn't illegal to use the cash. It does however start signalling red flags on the financial statements. You begin painting a picture that you're outspending your income, opening you up to potential cash flow issues and potential insolvency. Investors don't like to see that you're spending money faster than you earn it. This is where accountants start getting into legal trouble, somewhere a long the line a boss doesn't like having to report to his boss or the owners (or worse the bank they're trying to borrow from) that they're making the financial documents ugly and begin pressuring the accountants to do something stupid like moving things out of unearned income. Thats when some one goes to jail.
Usually best if you can afford it to put it in something liquid or near liquid as to not jeopardize your cash flows.
the irony here is the guy notorious for cash flow issues is trying to explain being a good accountant.
Regardless, my post was meant to highlight that plexing for charity isn't something that hasnt been accounted for and in most cases is beneficial to CCP. Even if you lopped 34k towards it, you most likely aren't going to impact their revenue because the accounts will still get paid one way or another.
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EPT
