The Economy of EVE Online (Part 3): Mega Projects

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In this video, we explore Titans the biggest ships in the game and how industrial superpowers have built them on a massive scale.
Additionally, we'll also check out a project so monolithic in its scale of player involvement that it surpasses any other project in video game history.
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[@EconomicsExplained]

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[@spawnkeeper999]

Because of you I'm now reactivating my old account!

[@raulmaximo5810]

aaaannd u post thi comment two days ago, and im rewatching this incredible video about eve, thanks!

[@mendek1000]

"Named Steve" Me: that's a stupid name. "In honor of the late Steve Irwin, who passed away around this time" Me: *cries*

[@DeadlyLazer]

-literally everyone

[@flites3723]

I will always have respect for this community now

[@majorevangelism]

I feel like the Irwin would probably have sounded a bit better.

[@chrissnyder8415]

I bet someone who has conversations with themselves online doesn't get out much. Yours is a sad life.

[@Shaostie]

@@chrissnyder8415 I bet someone who is ignorant of internet meme formats such as OP's doesn't get out much. Yours is a sad life.

[@quazar5017]

* 10 years later "Yeah, we are just producing them by the dozens these days. The massive industrial complex needs to be kept busy somehow."

[@LuizAlexPhoenix]

IIRC, there can be only one so it would block everyone else from building it.

[@PinguinCrazy]

"We made this base for laughs, we spent hours designing and animating it for it to never be built" Sure, sure.

[@KieronHoward]

The first titan was built so quickly, when they tried to undock it, nothing happened as the developers hadn't written the undock code yet. If you're interested in Eve stuff like this, I highly recommend the Empires Of Eve book.

[@bifibloust2240]

PinguinCrazy the model and animation of the palatine keepstar are used on the regular keepstar. The palatine is just bigger

[@RupertFoulmouth]

As a former EVE player, I could easily see the Devs doing just that sort of thing. Everything about EVE is over the top and hard core. I dropped for this reason. Everything takes time. Logging in for a few moments of combat typically means at least a 3-4 hour block. Loved it, but RL has to take the lead.

[@astrithaurelia]

"Hold my beer" -the combined eve playerbase

[@bifibloust2240]

Tommy Johansen nah. Building this thing is just stupid.

[@larrylentini5688]

EVE Online could get even more meta if the largest "countries" formed an agreement to build an Upwell Palatine Keepstar just like the UN did to make The International Space Station.

[@larrylentini5688]

Too bad they didn't make it more useful. It may take an even greater common goal to unite such forces.

[@Elmithian]

Tbf the Imperium is more like EU than a nation. Then I mean the old EU which was based around trading economy and not pushing their new laws on everyone in it.

[@antonioluissantos3902]

Lol imagine if their working on a new galaxy we can explore and we need to craft a new station of warp gate or whatever but it takes millions or billions of materials

[@player101233]

@@Elmithian EVE's imperium aka goons is more like NATO.

[@ooSicknesSoo]

And suddenly Jim jumps out of warp, just next to the not yet anchored Palatine Keepstar

[@verios44]

And you forgot 1. IF its ever built, the location of the palatine anchoring will be known to the entire game population 2. It will be destroyed...quickly

[@jintarokensei3308]

Wouldn't it be defended?

[@exasealcn]

Jintaro Kensei say this when you see the entire EVE player base swarms into the system for that juicy kill mail....

[@jintarokensei3308]

@@exasealcn presumably you'd have an equally massive force defending what would arguably be like the Holy Grail.

[@MrOverkillking]

It would be like the final battle in Ready player one, just in space

[@Destroyer83]

Remember M-0EE8... Now imagine that...again.

[@VxV631]

Eve player here. Really enjoyed this series as of yet. Tho I did have a linguistic issue to clarify. You mentioned that the Imperium is a player nation. In the loosest of terms, yes? It's more of an entity than a nation akin to an organised form of the EU. The Imperium is a coalition of alliances. Allianced are entities made up of corporations, and corporations are made up of players. And it's held together by incentive and culture, but any player could leave whenever they want, let alone any alliance (which happened during World War Bee)

[@MoccaLG]

Waht do you think about Star Citizen

[@kothar6159]

@@MoccaLG Garbage.

[@AztecResistance]

I’ve always been curious of the game. Should I play it?

[@honquewastaken2298]

how does one start out fresh and is a brand new player do anything

[@martiddy]

"World War Bee...", now I want to know what happened in that war lmao!

[@Hyuts]

Never played Eve but this series is awesome.

[@EconomicsExplained]

Thanks mate always nice to hear that people are enjoying these little videos I make

[@sprintwarrior18]

@@EconomicsExplained love the videos :)

[@SumBrennus]

You forgot to mention that ONLY ONE Pallatine Keepstar can be anchored in ALL OF NEW EDEN at any given time. Thus, if YOU want one and someone else built it. YOU have to find it and destroy it.

[@MrHunglikemule]

@@kukuc96 The first keepstar was built in a wormhole, It only recently was destroyed, and it took INIT over a year's worth of planing. I Imagine, if a Egostar was built in a wormhole, it would be a harder challenge.

[@kerbodynamicx472]

It would probably require every player united together for this project...

[@matd675]

It may be worth noting that there can only ever be ONE Upwell Palatine Keepstar in existence at any given time. If one is constructed, and someone else wants to build another, they will have to attack and destroy the other one, before they are able to deploy their own.

[@EconomicsExplained]

Yes very good point, and certainly adds to the epeen value of the whole thing :)

[@jamesburleson1916]

That's not the issue, the issue is that whoever build the first one will immediately be target #1 for everyone they aren't allied with and probably half their allies too. A good 50% of the EvE community will show up and try to get on the killmail.

[@zidaryn]

@@jamesburleson1916 Yea. It's like painting a giant target on your area. But it would be epic to defend.

[@KanaiIle]

What exactly does this Upwell Palatine Keepstar do? Is it just a big space station? The video didnt make that really clear.

[@jamesburleson1916]

@@KanaiIle Yeah, it's just a really big shiny station that doesn't do anything special other than existing.

[@geomavil3062]

Absolutely adore this series...

[@EconomicsExplained]

Thanks mate, really glad to hear that you are enjoying it. Makes putting the hours into making these video's worth it :)

[@arzantyt2055]

2,4 millions, cooperation of thousands of players, logistic organization, mining and manufacturing of needed materials... But games produce only violence, I love the media

[@kerbodynamicx472]

And that’s only Eve Online. There are lots of games out their that are also very educational, such as KSP...

[@jamestheotherone742]

@@kerbodynamicx472 Very very few relative to all of the ones centered on violence.

[@Crosshill]

not just violence, but _space_ violence

[@Alorand]

It's like a solid gold toilet. The exorbitant cost just gives you some questionable bragging rights, but the function is the same. If it did something special that a regular keepstar can't do it might eventually get built.

[@drewmortenson]

exactly, they gotta add some more incentive to build it, because that comment about tryna defend it from the rest of the eve got me thinking

[@je.m3320]

Im waiting for the time when resources are not scarces and everyone is on shopping spree 2 of that thing and we have a clash royale

[@thomasr7129]

Do not underestimate the power of bragging rights. :D

[@inglebear84]

IF someone actually builds it, maybe the devs could add an upgrade or two (only one at a time allowed though). Perhaps a “star killer base” death beam that can reach incredible distances across dozens of systems. Or a jump gate that allows instantaneous travel to ANY galactic location for massive fleets, as well as BACK to the base for extractions. With long cool downs between each items use, of course. Allow players to target either the station (incredibly high hp) or the upgrade separately (much lower hp), giving players a tactical choice of offense/defense

[@EstrellaViajeViajero]

@@inglebear84 The original Titans were much more powerful than the ones today, with a similar type of Doomsday weapon as the one you describe.

[@mueezadam8438]

8:17 _“in a realistic time frame”_ Does that mean time after inflation is taken into account 🤔

[@EstrellaViajeViajero]

Eve blueprints do have the ability to be researched to knock down the time it takes to construct components. Thus, over time, I suppose there is a slight deflation.

[@thomasr7129]

If something insane can be done for either A: Bragging rights or B: for the LOLz, the internet will make sure it is done.

[@Agent_Clark]

The reddit army

[@Mackabr0ss]

Actually the real factor is that 10.000 players will join shortly after will be anchored to knock it out. And they won't fail. I don't think it would last a month.

[@OatmealTheCrazy]

Which is obviously why you construct 1000s of smaller fortresses first

[@lawka2699]

@@OatmealTheCrazy lol that's not possible. "Bases" or stations require fuel. You need people to farm the fuel with planetary infrastructure and space truck at least every other day just to keep one "base" operational.

[@OatmealTheCrazy]

@@lawka2699 plus, thousands would cost more than the vanity base, so, yeah. It wasn't a serious suggestion

[@lawka2699]

@@OatmealTheCrazy it's hard to tell with the plethoria of non players making speculations. My answer if you were serious would be that any given corp needs only secure the right wormhole space to anchor a single superbase with alternative anomaly effect on pvp. I WISH high numbers could make the difference instead of wormhole space bastions. There'd be more players. PS: my FUBAR bois smacked their opposition from the brony coalition to the point I couldn't keep up with the chase. Skills were too low back then. Bronies brought premium entertainment to the intel and killfeeds though, gg babes. (Affiliated or not your reminding me of this is appreciated!)

[@xela6349]

@@lawka2699 And look how that went for Hard Knocks. The Initiative infiltrated their wormhole and blew it up not too long ago. It won't last the year.

[@arzantyt2055]

The base is cool, but imagine the fleet defending it

[@yevheniishyshko7961]

Nobody did. Look up M-0EE8. Nobody is crazy enough to stand up against the fleet SIEGING it.

[@kerbodynamicx472]

I play the newly released Eve Echoes, basically a simplified version. M-OEE8 seems to be a pretty normal low sec system. What had happened there in the other Eve?

[@cmdrgarbage1895]

@@kerbodynamicx472 One of the largest battle's in Eve's history, 7500+ players fought over a keepstar that day

[@NorBdelta]

Eve's Economy is essentially the literal version of "I, pencil" except its "I, Adaptive Invulnerability Field II"

[@josefdebnar6500]

I Damage Control II :D

[@Commissar0617]

actually, the palatine is so expensive because it requires a large amount of planetary industry products and mission loot. to the point where there's actually not enough in all of eve

[@alexmaragh7766]

wait so you can never make it?

[@blackfang101]

@@alexmaragh7766 thats not what he is saying, he is just saying that it would be an extremely massive undertaking to the point of ridiculous because the items don't exist right now in eve, if someone is determined they will eventually gather it up, but remember this is a game about spending vast amount of resources to blow up other player's resources, So yes it would be a massive undertaking but it would just take time and any big organisation could in theory do it if they have enough interest in doing so... Eventually...

[@alexmaragh7766]

@@blackfang101 ah, thank you for the clarification, they way he stated make me think that there was physically not enough material available in game to create the structure.

[@blackfang101]

@@alexmaragh7766 basically there is only one finite resource as far as I know in eve, and that is rare blueprints, they can be distributed, but some are only given as high tier rewards for championships and people choose not to distribute them, besides those, resources are essentially infinite, they take time to respawn which limits the amount of miners at least in one system, but you can just keep exploiting your resources to kingdom come. I just wish I could've found a non toxic community in that game during the years I played, but I never did, and I have found myself disliking the game due to the terrible communities I always ended up in, and I have been in 9 different communities over a 6 year long period, everything from small friends groups to the imperium itself. (My subsidiary was a terrible place for me and put the final nail in my coffin for that game)

[@EconomicsExplained]

Hi Guys, hope you enjoy this latest video. Before I get flamed in the comments by people pointing out that the footage at the end is just of a regular keepstar, I know but I just needed footage for a non EVE players reference. Otherwise please leave a comment with any questions or concerns you may have because the discussions around these video's has been amazing so far :)

[@Gratka-ze4gr]

Hi, do you consider to make SIMULATION on paper what will be happening in EVE online if one corporation makes 10 keep star stations annual or 10,000 titans per year and sell them to other corporations in-game. because I think if there will be so big supply of space stations or titans this will make bigger battles -> massive amount of destroyed ships -> very big demand to more ships -> bigger demand for resources and work to make them-> resources prices on elevated levels-> more wars and battles because players need more resources-> so more demand to titans and keep stars stations-> and what next can you show your thoughts what will be happened. PS: did you play in-game called Wall Street Raider is one of my most favourite game right now. PPS: sory for my English.

[@Т1000-м1и]

This game should be used for economics training. Kind of like VR soldier stuff

[@xervoo6419]

"Steve" (the titan) was actually named after the big hedge in the movie "Over the Hedge" named Steve by the small forest animals to make it less scary.

[@steffiramsay9888]

I remember the pre titan era and the first titans, their fleet killing weaponry was also way better than it is now. Add the oft abused mechanic to shove enemy fleets outside the safety of their shielded stations made a single one way more of a tactical asset than they are now. That they are used to kill NPCs to make money is kind of an indication of how CCP misjudged them and the player base's willingness to break stuff. Cool channel, subscribed.

[@ethanm9060]

Love the series man. Would be really cool to see you make one of the Oldschool RuneScape economy vs the Runescape3 economy and how they’ve change since their inception.

[@CalebAyrania]

Another great economic video. Though compared to the earlier GDP estimate of the Imperium I am not sure if the Palatine is that impossible a goal anymore.

[@EconomicsExplained]

Yeah its really interesting stuff. I mean it makes no real sense to make it but as a giant space dick swing it really is tempting. It was kind of the point I was trying to make, 13 years ago building a titan was an incredible feat of gameplay, today its just a common thing. As industry grows CCP will need to keep raising the bar and this Keepstar seems like the next logical step.

[@Tuttomenui]

@@EconomicsExplained If i had as much money as bill gates I would plex the palatine and put it in a c1 wormhole.

[@EconomicsExplained]

@@Tuttomenui Hahaha yeah but I digress that kind of thinking is probably why we don't have as much money as bill gates :P

[@KieronHoward]

Goons raison d'etre now is to be a ruthlessly efficient economic powerhouse. Somewhere out there, there is a spreadsheet slowly being checked off bit by bit, day by day of Palatine resources.

[@Natrium9775]

money is not the problem, but the amount of PI material needed doesnt simply exists in game even if you had everything ever produced. The minerals from mining probably could be done in reasonable time frame, but the PI materials are bit more tedious and will need years of dedication and good market manipulation to achieve

[@bcnicholas123]

I already love economics, but I bet if some of my professors had used a game like EVE to explain their concepts I would’ve been even more interested in their lectures

[@emzyfallen7257]

Eve developers: yeah you'll probably never build this. Eve player base: are you challenging me?

[@EconomicsExplained]

Hi Guys exciting news, as widely requested I have created a Discord server for this channel. This is my first time making this type of server so I hope I have done everything correctly. Feel free to come hang out and chat, or even just come and get help with your economics homework :P discord.gg/TjWDPAA

[@emilepage8438]

Great now I wanna play EVE

[@anonperson3972]

So anarcho-capitalism would result in a terrifying amount of McNukes? And private armadas of aircraft carriers a million strong?

[@kapilbusawah7169]

Will there be more of Eve? I am loving the series!

[@EconomicsExplained]

Most likely, if i think of something else to talk about I will definitely make another video :)

[@mannslaught3r827]

Anyone here remember OTEC, the Organization of Technetium Exporting Counties?

[@Quadrolithium]

Makes you the biggest target practice too... Now we're giving away keepstars, no joke. We got our own via donation... Then we get someone giving away Titans over lottery in chat... Love to have one but then there's EVE's rules: Don't fly what you cannot afford... which in my case, is a well armed Battlecruiser

[@MrHunglikemule]

I think we all flew a BC at one point, with enough playing one day you to can have 84 hels in your hangar

[@Quadrolithium]

@@MrHunglikemule well it's impossible for me to fly one either, my highest skill is Battleships only, which is the limit for Alpha clones

[@connorking8503]

For context, a high-security miner like me (q career you can get into in a few hours) makes a few million isk per hour.

[@myalt3019]

What are you doing right now?

[@moderncrusader9904]

My Alt mining probably while me I do bounty hunting by killing pirates i make millions per hour too

[@TheAnon03]

Best way to know the actual value of something in EVE over time is how many months of gametime it was worth since a month of gametime is a month of gametime regardless of inflation. Doesn't really work pre-2008 but after that it's a really good way of working out just how valuable something was at any given time.

[@ALegitimateYoutuber]

There are most likely a few groups working towards the construction of one. Because what could possibly immortalize you more and say that you won the game, then building that keepstar. It would get nuked within a day, as you get war decced by everyone. But you would still be the winner even as it burns. Because you did something that will always out shine everything they'll do. It would be kinda like if a nation colonized, say the moon. Could be shit and everything falls apart right away. But they were the first, and all other actions after are just imitations that can be better but never as great.

[@viktoriyaserebryakov2755]

The only entity capable of building such a thing would not get nuked in a day.

[@duranpredur1098]

@@viktoriyaserebryakov2755 Not the entity, but the structure would not survive long its anchoring...

[@viktoriyaserebryakov2755]

@@duranpredur1098 Yes it would.

[@duranpredur1098]

@@viktoriyaserebryakov2755 Please tell me about it... A 300 trillions, one-of-a-kind mark on a killboard. Who would not want to destroy it, except the owners?

[@MrHunglikemule]

@@duranpredur1098 And it's owners would have a massive war fleet to protect it.

[@Sandermatt87]

So, the imperium has a GDP of 7 million dollars, and this structure would cost 2.6 million dollars. Not that unthinkable.

[@providedyeti1518]

Sandermatt87 but theres* not enough materials for them to buy Edit: spelling error

[@cmdrgarbage1895]

Titans had a practical use: war, the big boi starkeep? not so much, atleast no more than the cheaper version

[@marianoclerici3986]

I can imagine the Upwell Palatine Keepstar being built as a joint project by all the nations/alliances, and being the main base of a truly Universal Union, ushering an era of peace and progress. And then some griefers would try to destroy it for the lulz.

[@GreatistheWorld]

Only three parts?? This series could go on forever! Or maybe six or seven more! Too fascinating

[@StarCitizenJorunn]

An excellent point that the entire economy is really geared toward supporting the never ending war. Spaceship destruction is a valid money sink of course but it's mind blowing how much effort goes into just trying to have space battles. And that investment wouldn't be possible without all the bots described in your previous video. Again, great work on this and I'm looking forward to your analysis of the Star Citizen economy as it develops in a few years as I think it will be the most complex ever designed for a game universe.

[@EstrellaViajeViajero]

Are you talking about Eve's Economy or the U.S.'s? ;)

[@ImportMonster1]

1. It’ll either never be built or it will die immediately. 2. I’m in Goonswarm, and there are no plans to build the Palatine Keepstar. 3. Building that thing doesn’t make sense in any way economically or militarily. 4. Want to see the power of the largest eve online player group? Come to our staging in the region of Delve, system 1DQ1-A. There are currently 3 normal keepstars anchored there.

[@Flottenadmiral99]

Just for info. there were already 24 Keepstars build and 4 destroyed 3 years later

[@cooblin3607]

Would be fun if they implemented a design and modeling department. Where you can build and design ships and space stations. Where the price of the ship/station is based on what mass, or materials its built out off or how many weapons slots there is. Of course, maybe having the devs see the designs first before implementation. Its just an idea. But i think it would improve realism and variability.

[@Ndriana]

2019 Eve Online ships : we are the most expensive virtual items 2021 BAYC and CryptoPunks : hodl our beer...

[@mavor101]

Man seeing all of that titan spam... it really was a mistake allowing such force multiplication based simply on $$.

[@EconomicsExplained]

Yeah I guess its a classic arms race as to who hold power in eve now. Not sure if there really is any solution because at the end of the day the game does generate pretty much unlimited resources.

[@armoredlightdragon]

titan's or any item for that matter should never be balanced around prize. that was there mistake if you want a large capital ship that turns the tide off battle in the game you should expect every one will want one and try there best to get it. that is all that happened a titan is so powerful so, every one wanted one. so the foundations where layed to be able to build more and more and now every one has one and the balance off cost is gone leaving no other factor to balance them.

[@Chris-iv8sb]

Swizzle, our comment shows that you have learned absolutely nothing from these 3 videos. Someone had to mine all the minerals, and someone had to build every single component. To say that you throw money at the screen and instantly get a ship is like saying "my internet comes from my router". There is so much more behind it that you are ignorant of. Mainly, skill injectors and multiboxing, aswell as rorquals and excavators, have ruined this game.

[@mavor101]

@@Chris-iv8sb ... you basically said exactly what I said man. $$ = gray market ISK and/or Plex = purchase injectors & titan = win vs anyone else 1v10 or more.

[@mavor101]

For sure. However, i'm 100% sure the CCP team debated this, but ended up not doing it like that because titans/super-caps represented an "ultimate" treadmill goal... players would spend years getting into a titan/super and then, after CCP already had their money, realize that they didn't really end up getting any new gameplay from their huge effort.

[@andremilanimartin3338]

please remember to make a video of it and the consequences and aftermaths once one of those space stations was build

[@Mikalent]

CCP and the uninitiated: the biggest ship in the game should be rare and expensive, you should only see one or two in your entire gambling. EVE players (Looking at ye old PL): *literally sh*ts out fleets of titans to gank a single ratting carrier*

[@coconut3390]

kinda want to see some kind of game wide alliance of every major corporation coming together to build that station and to be placed in the starting area. Though i doubt that will happen anytime soon

[@Createnchaos]

I see two on the market for 170 billion ISK each right now. That’s only 60 billion more than a Titan.

[@HowMoneyWorks]

If anyone ever says "there is no way we are living in a simulation" I tell them to play EVE Online and then tell me that

[@antonis2d496]

you had some wrong references with wow and auction house saying its npc's where is actual players selling them

[@rainrandomnumber]

exactly

[@guyfromdubai]

Does anyone have an idea of which player alliance is the closest to building such a monstrosity?

[@JesusJimenez-ek3wn]

Would you recommend Eve online as a tool to learn economics and have fun at the same time?

[@randomnamemab]

Absolutely

[@taari1]

And my alliance still keeps asking me why we don't build this. I always tell them to look at the blueprints to figure out the cost themselves and yeah... that works everytime.

[@prolarka]

Cooperate with other alliances for the goal.

[@Matzemi]

Hey, nice content you provide here. I´d just had one thing that would be nice to differ. You always name just one entity in the game. Would be great if you switch it up a bit. The Goons (or Imperium) also need targets to shoot not more members ;)

[@steffiramsay9888]

Would be nice to remind people that there are way more incompetent places to hunt. Though the average goon is still very incompetent.

[@PhazonSouffle]

Eve 2025. Palatin Keepstars number in the thousands.

[@riniscollaku7848]

I would like to see a video explaining the econony of venezuela.

[@firebladex8586]

Divide by Zero error

[@EconomicsExplained]

Ahh a very spicy subject but it is definitely in the works stay posted :)

[@talormakene1381]

What economy hahaha

[@-yamikaze4864]

You should respect us miners otherwise you shooty shooty plebs would have to get your metals yourself

[@TiberiusCowgill]

well this aged well, when WinterCo has one of these every 3 null sec systems, they're basically like candy, not to mention the price has nearly tripled making it worth $5-6 million USD.

[@ThatTallGuy0]

That’s a regular keepstar the keepstar this video is talking about is like 500x the recourses of a regular keepstar

[@realsushrey]

One of the most interesting series on economics I have ever watched.

[@captaincoffeecake3595]

Epic battles ? lol you see those "freeze" frames ? those are the actual battles in progress because game runs like ass with people in it. its basically Microsoft Excel the game

[@thetimewalrus7424]

does a battle need to look nice to be epic?

[@VanuOfMILF]

There's also the caveat that only one can exist in the game at a time

[@CockatooDude]

I can only imagine the carnage that will ensue as soon as the first one is built.

[@astrithaurelia]

@@CockatooDude you mean as soon as alliance #2 hears about it being in production. Ascendant frontier had half an additional titan in production and on contracts, plus facilities just as a fakeout to take the focus off of the real one, back in the day.

[@CockatooDude]

@@astrithaurelia Yeah I bet, the second you start building that citadel and someone else notices it, the entirety of nullsec will be after you lol.

[@Chironex_Fleckeri]

I love your channel. Im sharing your videos. I know youll have a million subscribers in a few years.

[@EconomicsExplained]

Wow thanks mate thank you so much mate :D glad you enjoyed the videos and even if I don’t get there I am just happy people are watching and enjoying my little videos :)

[@HowMoneyWorks]

​@@EconomicsExplained Bill Bopperton is a fortune teller

[@NebulaFactory]

Ive watched the 3 videos and found your explanation very interesting. What I didn't like was the footage on the videos, as a start most (all) of them are repeated through the 3 videos and secondly, I hate seeing a game like EVE be advertised which such videos when the gameplay is far from that. You can spend 200 hours playing and never be part of a battle like thos shown. Im not taking away the fact that EVE is more of a clicker-economy-strategy game, but if that is the case dont make videos showing complex ship maneuvers and intense battles where the most you are gona be able to do is click a box to activate weapons and thats it. worst of all is that im not exxagerating. I played EVE before trying Star citizen, and god do I feel good for having changed. But leaving that aside, your explanations on this games economy are simply awesome and very informative.

[@drRoflol]

Great video (series) on Eve and economy. Quick question, do you see the economy of Eve as an example of an enirely capitalistic one, or are there policies that hinder the absolutely free market? What can be learned from these policies, or their lack absence?

[@EconomicsExplained]

It is certainly closer to a pure capitalistic market than any country on earth, the big distinction is the lack of rules around fraud and scamming. Scams are A OK in eve and because of that there are certain markets like securities market (stocks bonds etc) that just don't exist.

[@leehams3079]

As EE said, the market is pure capitalist. One of the biggest effects of the market, between the limited supply of materials and the vast coffers of some players, it is entire possible, and has been done many time, to "pump and dump" items. Basically, buy up ALL of an item, jack its price up, then resell it since you now control the majority volume of it. Market manipulation is one of the best sources of income in the game, but it take a lot of wits and a LOT of cash to pull it off. For low volume items, it can still take about 10-20 billion isk to pump and dump it. For higher volume items, it can take well in excess of 100 bil to completely control the market for that item. There is only 1 "policy" that really restricts the market from going totally haywire, and that is the tax rate. All market sales are taxed at a percentage of the sell order cost. They just recently raised it from its historic value of 2% up to 5%. Thus, its not plausible to do super high volume, fast turnaround trading for low margins, you must pick and choose your battles to ensure profit can still be made on the market. The last restriction I can think of off the top of my head is sourcing for all items in the game. As it currently stands, it is incredibly difficult to 100% lock down production of a particular item to prevent others from making it. Some items come predominantly from some areas, but almost nothing is purely exclusive, and even then it would be down to an alliance or coalition to enforce an export ban, but individual members will always be looking to sell their items to the highest bidder in the trade hubs. So while buying up all of an item or restricting exports can work, it never will work indefinitely. If you have any other questions, I play EVE, so feel free to ask.

[@user-tc5qc4ql8m]

the titan/aircraft carrier comparison falls a little short when you remember that military spending is essentially 100% of the gdp of all eve corporations

[@ardentdfender4116]

Former EVE player and space Billionaire Industrial Capitalist. Really enjoyed your EVE videos. Epic structures like this and challenges in game are part of why I enjoyed the game. Even if EVE lives that long a game to see that structure built and I don’t spay the game anymore. It still gives me pleasure to know I had an impact in a small way in what I did in game to contribute to it eventually being built many many years from now in completion. Things like that are parts of many the reasons of why I enjoyed EVE.

[@alexbarac]

CCP: "It will never be built" All players of EVE unite: "hold our Titans"

[@thomasthetanderloin]

can you also do a video on how they managed to get the cost down so much, because i don't see how they can reduce production cost by a factor of 20 on efficiency alone.

[@stevenglowacki8576]

The cost of the raw materials went down? Inflation in EVE is measured by the price of PLEX, not the price of raw materials.

[@seamusfinnegan1164]

my real question is, what the fuck would such a station even be for?

[@EconomicsExplained]

Epeen

[@truereaper4572]

What ever happened to Steve? Is it still around? If it was destroyed, what happened?

[@Riseagain16]

Got blown up a few years later, They made a monument to it showing the half blown up carcass.

[@cloudstone123]

Eve Player since June 2003 (beta before that). Let me tell you young ones a story. Back when it took a group of 5 players a couple of weeks to gather the materials to build a Tier 1 cruiser. The ship balance was different then so people put them in tiers. You would naturally then use that cruiser to expand into other areas for more profit that were more dangerous and you sweated it out the entire time because that represented weeks of work that could be lost rather quickly. That was fantastic rush of adrenaline to be rushing in your frigate to save the cruiser you helped to build. Those are the days I miss. When it took more effort and it felt it to be more risky. Now naturally I would expect over time things to get easier but I felt things have become too easy. That is why I hope based on the perspective you put on that structure at the end that they scale that into Titans somehow. Slowly at first to give players time to adjust. Then pass it down to other capital ships. Cruisers were once described as the workhorse of a fleet with battleships being something only a corporation could own. Do you know how many battleships I have owned in my Eve career? But I would like this line of thinking to be introduced to capital ships.

[@dwrabauke]

Same, oldtimer here. I agree.

[@jakedavitt8446]

What does it actually do though?

[@EconomicsExplained]

Sits there and boosts the ego’a of those who own it

[@jakedavitt8446]

@@EconomicsExplained hahaha thanks for the fast reply

[@Mythhammer]

This new structure will be part of our Imperial Legacy™... ^^

[@stupidangel318]

Can we get a video on the effects of UBI in the big null sec empires and how it overlaps with various case studies in the physical world?

[@guusbouman1817]

Random question from someone who found these in his recommended: Is there such a thing as the cycle of the state of the market (ups and downs)? If so can players spend in good times and save in bad times, like Keynes’ system?

[@edawgrules]

There are definitely cycles in the price of products. E.g. The price of PLEX (which can be purchased for real currency) usually decreases when CCP has a sale, increasing the supply. By following the release of patches and predicting how this will affect the market, one can make ISK. But, as EVE is massively complex, predicting trends can be very difficult.

[@MRx36000]

Would it even be worth having it over a normal keepstar? I mean, what are the stats difference between the two?

[@markusr3259]

100000% to e-peen. 500x probability to being wardec'd by every alliance in EVE.

[@EconomicsExplained]

its basically like 30% better in every regard for being about 1000X the price haha

[@MRx36000]

Economics Explained not THAT is the definition of a bad deal! --"

[@Apollo-tj1vm]

To be honest, no one owns one. Last i heard there was some guy who was trying to build it, but last I heard he gave up (I could be wrong). To be honest there is no economic benefit for building the structure at all

[@leehams3079]

There are 2 differences between a normal keepstar and a Palatine keepstar. The Palatine has 2x the hp, so it takes a lot longer to kill. Second, it gets a few extra fitting slots. From a practicality standpoint, 100% not worth. From an e-peen standpoint, 100% worth.

[@John-thinks]

How do property rights work for keepstars and titans? Can the confederation own it or does it have to be owned by a player?

[@KrowezOnline]

could you make an update on this as eve has had some drastic changes in the last couple years. especially with their industry changes,

[@TheNumber86]

So, there haven't been any plans on building it by anybody?

[@discodench]

I built my own in the imperium from scratch and I am a low to mid end industrialist. It was trivial for anyone trying to do it.

[@Bullminator]

Imagane a rich player (IRL) buying all goldseller ISK just to build this.

[@anlasma7942]

every faction keeps an eye of others to make sure they are not able to conquer all of eve, so not possible :P

[@idkwhatimdoing7264]

Reasons to Play Eve: 1. Free 2. Old but Gold 3.Spacey as F 4. Real Economics 5. Adventure 6. Freedom 7. WARS

[@ImKiloHD]

“Eve isn’t like regular MMO’s where NPC’s supply unlimited goods at a set price.” *shows picture of WoW’s player-driven auction house market with fluctuating prices*

[@RhelrahneTheIdiot]

To put that into context the most expensive warship on the planet is the USS - Gerald R Ford which is the lead ship of Americas 3rd? generation supercarrier is only worth a combined ESTIMATED of 17.5 billion and the most expensive thing we as a species have built and own now is the international space station worth 150 billion USD and to build those giant stations you'd need 114 people MINIMUM with the most efficient mining ships working 24 hours straight, or you can double (228) or triple (342) that number and the number of ships, so that everyone merely has to work oh yeah thats right 8 hour shifts and don't forget the escort fleets and all their support ships that much will spiral this project into 6840 working at a 10 - 1 ratio of miners to support however if i was the one trying to manage this operation i'd want a flat minimum of 13.68 thousand for a 20 - 1 ratio. To make this even worse you need to pay them alongside paying for construction and this is considering the escort is enough of a threat to get raiders to fuck off if not those attacks could push back from 1 year to . . . over 4 to 6 years. I'm a fucking nerd that much is simply to gather resources you will need to form a "super coalition" to get it built in a reasonable time which i imagine would be the coalition smaller then yours merging into your one and who fucking knows how long negotiations and diplomacy would take and there is one small problem. If you want to attempt a hostile takeover you risk war where you could either win everything or loose it all and then your right back at square one. TLDR: It would be simpler and better building a horde of titans then to build that station. But someone will probably gather their coalition and try it anyway

[@AholeBiker12043]

This is amazing. And not a joke. This is something a lot more complex. - - - - This when humans realize that “factions” are obsolete and the human race is already a “faction”. This is when we realize that more can be achieved if 100% of the race works towards one goal. That’s the next step in human evolution, and this game is showing us that. -This represents a milestone for the human race. (Building this structure) • This is when all humans realize that society needs to be restructured and reformatted from the ground up to achieve more, better sustain our existence and increase the efficiency of our evolutionary path.

[@Tepalus]

Step 1: Program a very pricy ship Step 2: Tell people they will NEVER construct it Step 3: wait Pretty mich a money printing machine amd a nice bonus for the developer who came up with the idea of this.

[@rapidrotation]

And now it’ll NEVER get built because CCP just went and crashed the ore market. But we can still dream, who knows, maybe if the game lasts another ten years it might just happen.

[@cclemonb1222]

You warmongers. Children in Africa could've eaten those warships.

[@robertbraden4454]

Don't agree with your comparison of the original titan equating to 74 supercarriers. Basing this equation as a percentage of GDP only works if Ascendant Frontier is equal in power, in relative terms, to the US.

[@Lupp0]

If anybody is building it, it will be the Goons for sure. They are rich enough to lose a few of them. And as people stated.. it would live a short life haha. That thing will be shot down as soon as the reinforcement timers are over. The whole of eve will fight together vs the entity that build it, just for a shiny killmail :) There is noway this structure will ever be up for longer then a month. The only way i see this structure actually being anchored for longer is when already a few of them have been shot down, and there aren't such big bragging rights to be gained from killing (the first) one. Problem with it, it's not that 'special' if you compare it to a normal Keepstar. If it would have like 10 times the stats of a normal one, with more added bonus to it, then some entity like Goons MIGHT get interested. I still don't even have a normal Keepstar killmail to my name, sucks to be me! lol

[@dat619soulja]

It’s crazy to me knowing that my AT ship is worth well over 2.5k USD if I ever decided to RMT it.

[@RyokoVT]

I love this, but honestly the problem it presents in the world of the game is huge. Having hundreds of these per coalition just makes the game stagnate. These and super-capital class carriers. There hasn't been significant movement in null-sec holdings in a very long time.

[@shigeolincolntaco]

I never understood this game

[@EconomicsExplained]

People who have played it for 15 years don't understand it :P

[@SavvygeMediaGroup]

@@EconomicsExplained I think what he is saying is that there is never any footage of battles or anything of these 10's thousands of people working together? Is is an RTS? FPS? Top down plentary clicker? Its never clear in any Eve content videos

[@SavvygeMediaGroup]

@@EconomicsExplained Literally all the comments in the video Eve Online - Battle Of Anchauttes Fleets - 400 Ships Battle

[@zeveroarerules]

That's not how the auctionhouse works, just sayin'

[@jordanbey2546]

How would you compare the Palantine Keepstar price to the current Imperium or PandaFam income?

[@Sinyao]

The even crazier part of building that big dick space station? You have to build the thing with the knowledge that anyone you're not aligned with is probably going to make a beeline to your not so little project the moment anyone hears about it. God luck hiding it. People have hidden keepstars in the most impossible places of space in the game to send an armada to, and alliances have actually accomplished doing just that to destroy them.

[@dennisdeal3323]

One day it will get built. By whom and where? Well, that remains to be seen. And at the same time it will be the biggest target in the game. As others vie for the bragging right of blowing it up. It is just the nature of the beast when it comes to New Eden.

[@citieschilling]

Me: you don't need it you really don't Also me: Why not? why not spend the rest of your life trying to build a stupid huge space station, you know you want too...

[@nlocekibag5935]

The first guy to ever steer a titan be like: 😶😐😯😮😲😀