The (Overly) Realistic Financial System of EVE Online

[@HowMoneyWorksUncut]

Itaer for CSM

[@deadsmile8474]

No comments let me ruin that

[@HalolahyaBusinessServer]

​@@deadsmile8474 Noo, you ruin it 😢

[@amxaas4450]

Selling nanofiber weave for 140,000,000,000 Isk - SPECIAL PRICE!!

[@primeroultimo]

How is isk not like cripto currency and or NFTs

[@acex222]

@@primeroultimo because RMT is bannable

[@eveonline]

Maybe I'm biased, but this game sounds amazing.

[@Exigentable]

I appreciate this game for entertaining and fascinating me for many years.

[@vapcdoc]

@@Exigentable its fun, if you play join pandemic horde it's awesome for new players :)

[@TanteLaurana]

it is! come join us

[@Burbun]

Yeah, you should totally play!

[@jhgfghjfuzrtfchchghgf]

Shamelesss ccp

[@KalElKryptonsFinest]

I played Eve Online for 5 years,ending in 2012., By year two, I hired a remote worker to run my Deepspace drug lab. I actually posted an ad and had interviews. Its nuts, awesome, and a life drain.

[@FuriousWeasel-09]

Same, haven't played in years, realized it was taking over my life, had to join a corp, fill a role, be online at certain times, pilot the ship they assigned me, fit it as instructed. I said nah man, this is too much for a game.

[@LeoVS44]

Sounds fun

[@dretalopau5574]

@@FuriousWeasel-09

[@dretalopau5574]

@@FuriousWeasel-09oooook

[@monad_tcp]

@@FuriousWeasel-09 was it at least well paid ? because most corpo jobs don't pay well nowadays and you're better running a small business.

[@pat3166]

It was only a matter of time. He’s evolved past real money systems and is ready to tackle EVE.

[@HowMoneyWorksUncut]

I don’t think anybody is truly ready

[@God_emperor_of_dune]

@@HowMoneyWorksUncut Wait until you find out about the economy in the upcoming Eve Frontier

[@emPtysp4ce]

Looking forward to seeing a new corp cropping up called "HowMoneyWorks Industries" or something. I wonder how long before they'll be shooting at AO or something for kicks.

[@wp2746]

@@HowMoneyWorksUncutWelcome to Jita 4-4 😊

[@aaronhpa]

The only place in this universe where liberal capitalism can exist, everywhere else it just ends up falling back to feudalism.

[@bryanshoemaker6120]

Me mining an asteroid belts in Null Sec. Ships fly in. Them:Hey we need miners, want to join the corporation. Me: I already in a corp. Them:We just killed them. Me: oh.. ok It's like I just came with the asteroid belt.

[@Mightydoggo]

That´s pretty much how medieval industry worked. Some random dude just rides by like "Oh btw, I killed your King. I´m the new king. You´re paying tributes to me now!"

[@TheHighborn]

When you sell a rental, that has a tenant.

[@JesusPlsSaveMe]

​@@Mightydoggo *Revelation 3:20* Behold, I stand at the door, and knock: if any man hear my voice, and open the door, I will come in to him, and will sup with him, and he with me. HEY THERE 🤗 JESUS IS CALLING YOU TODAY. Turn away from your sins, confess, forsake them and live the victorious life. God bless. Revelation 22:12-14 And, behold, I come quickly; and my reward is with me, to give every man according as his work shall be. I am Alpha and Omega, the beginning and the end, the first and the last. Blessed are they that do his commandments, that they may have right to the tree of life, and may enter in through the gates into the city.

[@angelbar]

@@JesusPlsSaveMe It includes a revolved garanteed ISK?

[@AddyEspresso]

That is honestly absolutely amazing. I love that so much. I have to play this.

[@nolan_8]

EvE is a game that I would unironically put on a resume or mention in an interview. There's no other that gets as close to real life corporations, politics, and, interpersonal / business relationships than EvE. Especially if you get involved with the management of the larger corps / alliances.

[@JeremyPickett]

No doubt. I had realized eve was 20, and I haven't touched it in a d cade and a half, but guild leadership as a proxy for IRL leadership is a real thing. Some of the WoW guilds I ran with the upper echelons of leadership were made up of coworkers who I knew, on an interpersonal and professional level, to be very very good at what they do. It isn't a complete venn intersection, but it is big enough to really warrant attention.

[@citieschilling]

true story: Was helping someone out a while back and they asked if I was fine making spreadsheets to which I jokingly said "I play Eve Online" not expecting them to recognise the name only for them to turn around and say ohh you probably know more about spreadsheets than me then.

[@hosmerhomeboy]

True. More than a decade ago I ran a 350 person corporation in a 500 person alliance. Managed to keep us out of a civil war and put the pieces back together. Committed scams, laid traps, had a war doctrine. I got intel reports from other large alliances, had two spymasters, and a list of known moles in my organization. Everytime a wardec occurred I'd recieve about 100 pages of info on the enemies. Their killstats, their haunts, their friends, known alt accounts, enemies, their preferred fits. We would tailor our response to each enemy encountered. I did all that while I was a laborer. Now I'm a politician and lead a successful charity organization, as well as starting my own small company and renting myself out as a project manager/ lead hand. The skills I picked up in EVE running a corporation translated perfectly into running a charity, and I was prepared for the sleazy skullduggery I keep encountering in politics. 100% if it's on someone's resume, I view it as a positive.

[@emPtysp4ce]

If I saw someone put Eve experience on their resume, I'd assume that person is a sociopath and immediately put it in the shredder. And I play Eve.

[@nolan_8]

@@emPtysp4ce Fair enough XD

[@dec1875]

Played this aged 14-16 (about 17 years ago). Average age of a player was about 33, I had absolutely no idea what I was doing but I eventually got a battleship and became a pirate, which is possibly still the biggest achievement of my life

[@pedrolmlkzk]

How did it go?

[@andrewhenshaw4067]

I wanna know tooooo

[@geor664]

Now , I recommend you replicate the process with real estate.

[@lphillss5914]

​@geor664 probably better odds becoming a pirate in Somalia at the current bubble

[@geor664]

@@lphillss5914 LOL

[@5nowChain5]

I contributed over $250 to the building of a Aliance Fleet TITEN. We lost it in a war Against BOB in 2010.

[@xephael3485]

Who cares

[@sc0ped_sky621]

I care, thats so cool

[@Rsmvbizz]

@@xephael3485 found the loser

[@CaffeineAndMylanta]

I’m sorry for your loss ❤

[@xephael3485]

@@Rsmvbizz losers play rigged games

[@Wraithfighter]

If you want a kinda surreal read, the book "Empires of EVE" is a fascinating retelling of many of the early years of EVE Online's community history. A lot of the times, it comes off like this epic history of grand wars and factions battling through warfare, politics, and even economics... and then the writer has to go "Okay, so, to explain the Goonswarm faction, we need to talk about the Something Awful Forums..." and its like getting whiplashed by reality :D.

[@4V3N1]

2b2t lore before 2b2t

[@sonicSnap]

after the beginning with the war explanations, i was starting to hope for something like that. thanks for the recommendation!!!

[@GtdAquataine]

Former Ship Replacement Program Director here: the crossroad of being between Alliance members demanding their requests get fulfilled, and Alliance leadership trying to argue that I needed to reject request more often was a time. "No Frank, I'm not refunding you for you blue modules that you lost, you put bling on your ship, that's on you. You get the stamdard doctrine rate." "Stel, I need another thirty billion to cover these losses. No, I'm not going to reject them. Yes, they died in the fleet, with the right fit, and were following the FC call outs. I was there in that fleet." "Stop arguing with me, you asked me to do this job!"

[@ACS2]

That's just insurance industry

[@Asdayasman]

Yo but can I at least get some kickback for fielding purps on my cerb? It was ballsy.

[@edwardsantiago9109]

Ex Logi Pilot Current EMT Think I got paid more in the game

[@Nfinch1992]

Oh Lord, the fact that such a thing in a game should seep into basically real-life conversations like this is too good.

[@Remianen]

Former Industrial Director for a Goonswarm pet corp and the conversations we had with our SRP director were very similar. "Dude, you want 8 Avatars in 15 minutes and that's not how it works!"

[@jamesharp4842]

I love how space gambling corporations became the government for a while

[@cara-seyun]

just like real life

[@Squirberus]

/r/eve is probably the best thing on reddit. Plus watching a war on my screen in-game while the propaganda on reddit was opposite of reality was a friggin crazy lesson in how news works.

[@estebanslavidastic4382]

I played for about two years. My whole schtick was manufacturing ships for my corp.(and cutting a little off the top for myself). I ended up having to do a lot of moving, buying, building, and moving/selling. Going to certain places where materials were cheap, crafting my ships, then moving them to where they were expensive and selling them. But to make the BIG bucks I had to move through nullsec and work with other corporations. Which… came with a huge risk. Having one big shipment high jacked could set me back months. So I had to go to a third security corp, hire security to escort me across the galaxy to where I would sell ships , and then escort me back. But… I had to constantly calculate routes, and prices, for the many MANY mats and ships I was using. And I had to constantly update my spreadsheets and it was so much math and work and one day I thought to myself (after I was frustratedly pouring over pages of data)…. “wtf am I doing? This is like a fucking job.” Gave my account and all my spreadsheets to my corp and quit that week.

[@Vekkgods]

The same thing is happening in Australia. The two big supermarkets had about a decade or two of low prices which killed everyone but them and now the price hikes are ridiculous

[@torg2126]

The proper solution is to go to war, without destroying all the small competitors

[@dannyzero692]

They told me that the idea of governments intervening to ensure market competition was insanity, guess how that worked out.

[@Sammysapphira]

You seem to fail to understand economics.

[@visby2548]

Show me where the big bad supermarket touched you.

[@Nix6p]

*money printer goes brrr* "It's the supermarkets!"

[@asterik917]

As someone who got heavily into EvE last year! It is as close to the real world as any game will ever get. The dynamics of what goes on in that game between the mega alliances, especially in NulSec, will blow your mind, I loved that game. Only reason I’m taking a break is because I deployed to South Korea.

[@H__uh]

Thank you for your service

[@MikeStoneJapan]

As I will always do when I come across an EVE video, I HIGHLY recommend the 6 hour EVE doc by 'Down the Rabbit Hole'

[@anv_bis7287]

I watched this from start to finish So entertaining

[@michaelf7093]

I recommend watching it at 1.25x speed, makes it easier to watch.

[@MikeStoneJapan]

@@michaelf7093 you're missing out mate

[@PeterNjeim]

​@@michaelf7093I watched it at 3x speed, only took 2 hours. Granted I've been watching videos at 2.5x speed for years now

[@Sammysapphira]

​@@michaelf7093No. Zoomers and ruining pacing, name a more iconic duo.

[@compuholic82]

I used to play it when I was a student. We bought raw materials, refined them, researched blueprints and built stuff. We researched prices, optimized transport and we even had Google spreadsheets to keep track of business. In the end I decided to stop playing. Not because it wasn't fun but becuase it was just a huge time sink. It was almost like a job.

[@compuholic82]

@@Veritasluxmea4 I'm sure that you could. And I wouldn't be surprised to learn that the big corporations in Eve actually make use of it.

[@nicezombie8054]

It was a job

[@aotmoments7410]

@@nicezombie8054but no pay lmao

[@aaroncobb9930]

EVE is one of the most incredible pieces of art made by humans, ever.

[@AndyKauffman-ml3og]

It's amazing on so many levels - not only from what the Dev's have done, but the "landscapes", the ships, & the player's interactions.

[@aneural]

It's a reflection of humanity in a very different world.

[@jazzdirt]

Yes, played for over 15 years intensively, still haven't touched on everything there is to do in game... I did wormholeing, Null sec corp life (I did this when I was working in a music studio.. I actually had a crap pc in the corner running Eve, for when the proverbial shit hit the fan and we had to defend), Low sec pirating, but also trading, producing, PI, mining.. But never actually got deep in exploration.. And like mostly every Eve player I started out Highsec carebearing and mission running... But there is so much I haven't done everything yet.. Eve is life, not a life simulation but actually life...

[@Fractal227]

Just to put the titan into perspective at 7:10, The corporations that produce these has up to 30.000 players in their corporation. They can produce titans and everything else on assembly because they are organised to an incredible degree.

[@TheKribu]

There is a

[@Fractal227]

@@TheKribu I did not say you needed that many players, i said the corporations (alliances) are up to that size, which is true. if you want to feel butt hurt, please do it somewhere else. And fyi, there is no ship classed a "mothership" so what did u farm, a carrier? Carrier != Titan. And buying the materials instead of farming the materials != doing it urself. Google "largest alliances in eve online player count" and you see i was quite modest in my first post.

[@NightLexic]

@@TheKribu Indeed, you dont...but if you want to churn them out basically every hour you do kinda need the manpower to do so.

[@mikepaulus4766]

I played eve for a month in 2006. A friend from another game who gave me a bunch of isk to get me started without a grind. I wanted to do some mining, I had an obvious newb ship, and jumped into a random place looking for something to mine. I popped in, and two mega huge war ships "defended" themselves from my newb ship by instantly destroying my ship and then pod killed me. After that they congratulated each other on doing such a good job of defending their space. I wasn't interested in trying again.

[@cybersentient4758]

Lmao this is the kind of shit you see in sea of thieves

[@sethkanan9108]

Great game, I funded my war in Syndicate region with highsec retail trading and pooled pilots from our friendly community in the vicinity. Good times!

[@then33k4]

friendly community.. you must be losers :D

[@sethkanan9108]

@@then33k4 We won bigly :)

[@Mic_Glow]

The financial system and economy being realistic does create tiny problems compared to what the devs do to it... some years ago they broke industry and caused inflation by "trying to fix the economy" and caused 30% of players to leave. Out of the remaining the poor got poorer and rich 3 to 5x richer Turns out that if you crash the economy people jump ship, just like in real life

[@cara-seyun]

actually hilarious

[@MikeStoneJapan]

I actually found this channel because of EVE coverage. Always good to hear from this one of a kind rpg.

[@ForageGardener]

Now I wanna play. Market manipulation was my favorite thing to do in runescape in middle school

[@kakerake6018]

Try it but eve is one of those games that’s very hard to get into. If i hadn’t been playing it for over a decade i wouldn’t have gotten into it now.

[@ForageGardener]

@@kakerake6018 haha fortunately I don't have the time anyway. I already have a full time job i don't need another xD

[@khatharrmalkavian3306]

It's difficult to manipulate markets in eve these days because of competitors with enormous capital.

[@kkkk4444....]

you can also do that in albion if you want more runescape-y game

[@kakerake6018]

@@kkkk4444.... i wanted to play albion but I missed the boat. I only play games like thatbif i can get in Very early.

[@CKOD]

I played in the goonswarm for a bit, and the comparison to an actual government is apt. But there were a few differences. Eve online the management was actually timely, even during the heat of wartime, SRP would get handled quick. Usually

[@dellconagher8121]

All hail GSOL

[@edawgrules]

Scams aren't just permitted in EVE Online. They're arguably encouraged. Great video, though EVE Online is so complicated that it only really scratched the surface. I always enjoyed predicting what disruption to supply and demand a patch would cause so I could try to corner a market.

[@jros4057]

God I miss this game. Can't play it because of how much of my time I know I'd sink into it. I have fond memories of logging in for the first time and being so confused, to joining a corp, making friends, and the 3 of us working our way up to ceo and basically board members. We took that company far. We created stations in wormwhole space, made a ton of money, negotiated with other corps, lost stations and destroyed others. Eventually we convinced a subsidiary of an enormous null space corp to absorb us. After that I quit since all the rules that came with being part of a null space corp sucked the fun out.

[@one_million_hamsters]

Watching real-world finance folks talk about video game economies gives me a certain feeling

[@brandonblue2994]

6:28 I'm sorry did I miss something? The fucking North Carolina Department of Transportation has their own faction. Tf😂

[@fay2177]

I was like wtf 😂😂

[@ss-pq6fx]

Some one please correct me if I'm wrong but it stands for "Northern Coalition . " the DOT is a play on the period- punctuation element.

[@cara-seyun]

one of the top Clash of Clans clans used to be an Indian Restaurant staff

[@Chaydex]

As an economics major and long time EVE player I feel there hasn't been a game that makes studying economics actually fun. One interesting and fun anecdote I'd like to share is in regards with a salvaging corporation I was a member of. We had an actual corporate merger with an industrial corporation that occupied the same area we operated on and I kid you not we did the merger like they're done in real life, and yes it involved a lot of actual paperwork and negotiations that's done in real life. Why you may ask, answer is simply why not, we're all bunch of nerds on our corporation so why not make it bit more realistic

[@aelithmackinnon8656]

It was an amazing game. I played from launch with the impending death of Earth & Beyond coming up. I played right until the day CCP sold out to the Koreans. The 0.0 botting was already skewing economics, inflating prices...and then came skill injectors. The writing was on the wall for me. The soul of the game was lost, and I did something I had not done for fifteen years. Uninstall EVE Online.

[@draconis437]

Thats the only way to win Eve, I did so myself several years ago, after many years ingame, I miss what EVE was, but its gone now and its become something else, not the thing that was keeping me coming back o7

[@JoeHeine]

My roommate used to play this like 15-20 years ago. He was telling me alot about it because he knew I was studying Econ at the time, and thought what this video is explaining

[@chupasaurus]

There is a dozen of PhD theses defended that are based on EVE economy, and much more works for lesser degrees.

[@nolan4339]

The biggest accomplishment in that game that has never yet been done would be to kill Jita as a trade hub. I really wonder what it would take to crash the Jita market and have another system become the dominant NPC trade hub.

[@Jaham32712]

I expect Jita is impossible to kill based off of name and convenience alone. Even if you had the immense wealth required to crash Jita for a few days or weeks, so many people have so much set up in Jita that it would take a very long period of bad trading conditions to make it lose its spot as the number 1 hub.

[@nolan4339]

@@Jaham32712 While it would not doubt cause endless player hate, if CCP created a Jita-at-risk event where the players fail to defend Jita and thus the system gets destroyed...

[@aaronhpa]

@@nolan4339 Bro, i would login to that event if i really thought CCP would risk Jita...

[@nolan4339]

@@aaronhpa Jita Dying would probably mean the game is truly on it's last breaths of life and CCP providing an event to kill it probably means they are ready to give up on the game. But ya, it would be a pretty historic event for the Game.

[@machinegunpictures]

That would never happen. It’s high sec NPC space.

[@badaxtion1878]

Eve online is the beta to fully engrossing people into the metaverse: space edition

[@chilldude42001]

Ministry of Truth psy-op detected, lol. Glory to the Imperium! It was insane to be a part of that during the might of delve, post casino war. And the fight to defend the Imperium my second time was some of the best gaming I have ever experienced.

[@mycroft791]

One little detail you missed I found fascinating [played for about 10 years early in its history, but not from the beginning] about the in game market trade system is that the items traded are acquired by players in game. Whereas other games one buys from an NPC that has an infinite, game auto generated inventory, in EVE, the only in game supplied items on market are skillbooks and implants. Raw ore, refined materials, manufacture of everything from ships to modules and weapons and ammo and everything else on the market are acquired or manufactured by player base. That is why its economy can be used as a better model data source since the human factor used is actual human factor. On a side note, it is possible to spend real world money to acquire ISK in game perfectly within the rules. CCP games is okay with because they still get their money. Buy a 30 game time code with real world money. One can subscribe or use a 30 day game time code bought from CCP Games direct and other outside vendors. CCP still gets their money for a month of paid level game time. CCP also has a secure system in game so one can then sell that time code for going rate in game on market.

[@Mightydoggo]

Are the raw resouces actually limited or do they just respawn?

[@kevinbarnard3502]

That is what makes it more usable as an economic model, too. Resources are limited to certain areas. All asteroid belts contain easy to find resources, but harder to fine and, thus, more valuable, ones are limited to low sec or null sec systems. It's a bit like rare earth minerals in real life. iron, lead, etc can be found most anywhere on our planet, but rare earth minerals are only found in relatively few spots. Null sec is where player corps try to takeover and control with sovereignty. The rarer resources are used for building ships. An asteroid belt can be mined out and emptied, but will respawn during server downtime [one to two hours ] everyday.

[@BringTheRains]

You should do a podcast with Oz, an Eve marketeer. I think it would be a good discussion.

[@RayoAtra]

100%

[@mrc1500]

Great video, and an interesting tangent. I love your usual content and find it, in general, just as interesting. Maybe, as an ex-EVE player, I'm biased, but I wouldn't paint yourself into a corner by saying you will never do another video on this topic. It's always fun to see how art follows (or pre-sages) real-life and, as a consumer of your other content, I wouldn't be averse to the occasional future video on this particular topic. If we know anything, it's that EVE is never static.

[@PyroMancer2k]

The thing that killed Eve Online for me is how things are Time Gated. And I suspect it's an issue for a lot of new players, not sure how bad it still is. What I mean by that is in order to fly various ships and such you need SKILLS and these skills are trained base on a timer which you can't do anything to change. When you have to wait 1-3 months just to fly your new ship it starts to feel like those P2W phone games but you can't pay to speed things up. I had enough money to buy the new ship I wanted 10 times over but couldn't because of this STUPID Timer. I hear people defend it as a way to force new players to learn the game but I call BS because it assumes everyone learns at the same rate. The other reason this is bad is it doesn't allow people to experiment. It's like oh you wanna try out Ice Mining come back in a few months and you'll have the skills, plus during that time you can't work towards advancing anything else. It's like some times you may wanna mine, others might wanna do combat, and so on. But it takes SO LONG to get the skills to fly those ships and effectively do it that the ISK per hour is so low it's not worth trying to switch until you have ALL the skills training up. Though even getting to the point where you can earn a decent amount as a secondary profession. The problem is you can only train one skill at a time so time you spend getting skills up in another area is time you are not hyper specializing your primary profession to earn more ISK. Unlike other games that have characters that level independently only one character on your account can gain skills at a time. This means if you want to have an alt you have to pay for a second account. I liked to a bit of mining some days and doing a bit of combat be it rat farming or missions. And remember that hassle of having to wait to unlock my new stuff even though I could easily afford it on market. The final nail in the coffin for me was the next skill was going to take 3 months to train. I played for a few weeks and slowly my investment drained away cause I knew no matter how hard I work nothing was going to speed it up or I could just logout and come back when the 2 remaining months were over and have the skill unlocked. I had the cash to buy the new ship a few times over so didn't need the grind. So that's what I did, I stepped away figuring I'd comeback when the skill was finished training but never did. Now everytime I hear news about EvE and all the cool things going on I kinda wanna go back but then recall all the waiting and don't wanna bother. It's like when Titans first came out and thought about going back then found out it takes like 2+ years of skills to be able to fly them so even if I jumped back it would like be over 1-2 years before I could fly them no matter how well I play the market to earn tons of ISK because that skill timer cap will have me gated.

[@PyroMancer2k]

Just to better explain why I think the argument it helps new players learn the game or any other such reason is completely and utter BS. Imagine an unskippable tutorial. One that shows you a new mechanic and then gives you a timer with which you are free to learn that mechanic. Since it's unskippable it doesn't matter if you master it in a few minutes or the full time give of hours, days, weeks, or months. Now imagine that for every mechanic in the game only the timer gets longer and longer. In most other MMOs you wanna respec you spend some in game money and then get to redo your skill tree in a few minutes. You wanna try a completely new class well how fast you level up though it and unlock new abilities all depend on how much time and effort you put in. So some maybe get new character to max level in 1-2 weeks and a more casual player might get it in 3-6 months. But in EvE the only thing effort get you is more ISK in your bank. It doesn't unlock more of the game mechanics and different ways to play. Your stuck in your super specialized role due to time gating and when the devs mess with the economy to change how much ISK per hour a task is there is a chance you can get screwed over with no way to retool. It's like finding out not only is your job cutting your wages but you'll have to go back to school for months to learn a new trade. This is not fun, and it's not about starting over as I've done seasons in ARPGs like Diablo, PoE, and etc. So I'm not stranger to buckling down and working back from the ground up. This issue is having to wait on some arbitrary timer.

[@khatharrmalkavian3306]

@PyroMancer2k You can buy skill injectors. They just dump SP into you and you can apply the points to skills or directly into your queue.

[@PyroMancer2k]

@@khatharrmalkavian3306 Sounds like typical pay to win mechanics of most mobile games. Put in mechanics to try to players patients. Then charge them a fee to skip the wait time. Guess they looked at all those P2W games and were like, Hay we already got a waiting mechanic. Let's charge players to skip it.

[@renavolutionary]

​@@PyroMancer2kNot quite, because injectors are created by players extracting their skill points and selling them on the open market. Extractors cost real money, but buying injectors is just another market transaction.

[@BearHawkful]

@@PyroMancer2kYou can buy skill injectors with ISK, in game currency you make by playing the game

[@lolbajset]

14:00 the grand exchange in runescape is global, meaning it doesn't matter on what server the buyer and seller is playing on. furthermore, you can freely switch between servers (called game worlds) simply by logging onto another one. you are not locked into a server like for example in world of warcraft

[@sonicSnap]

he was referring to trade squares but using the ge as a visual for some reason, even though trade squares were an ENTIRELY different system

[@felixcosty]

Miss my part time job of EVE. Worked in a small 3 person corp. Best fun was flooding the market at Jita till 8 - 10 Tech 1 items lost all value. Our corp made Billions others not so much. We did the mining and the manufacturing from start to finish on all the parts. We where moving on to start to finish of Tech 2 items when planet control moved on to being Corp controlled. 3 person corp did not stand a chance against bigger corps. We moved on from manufacturing, then a year later stopped playing.

[@arthurtapper1092]

This is probably the most fascinating thing I have watched in the last couple of years.

[@iateat]

I played from 2004 to 2012 off and on. It was a double life, i was a lieutenant in the game with all the time requirements there in and also a life outside where both would get in the way of the other.

[@lukas.brinias]

Alright. That's it. I have found my research project for this semester.

[@khatharrmalkavian3306]

See you in 10 years. o7

[@isaacr7416]

As a life long runescape player with an economics degree, i LOVE learning about eve onlines evonomy.

[@2rx_bni]

As a Final Fantasy XIV player who makes all of my Gil crafting and selling on the market boards? This is deeply on point.

[@ultimaIXultima]

i love this. i don't play eve, but i've always enjoyed stories about it. fascinating!

[@Signupking]

I just can imagine some people working in the real life market exchanges having started out in eve.

[@vintageswiss9096]

😉

[@AshifKhan-sn6jx]

​@@vintageswiss9096wait...

[@agentxx3022]

If you are looking for more stories... I have a very unique inside into one of this games least known systems, and how one player managed to completely corner the market of farming the most valuable ships in the game (faction Titans, each worth between 200-600b Isk). For the first 4-5 years of these being in the game, he controlled almost 90% of the market, generating trillions of Isk, and RMTing out in the end. I have detailed statistiks of all of this, that aren't publicly available. Feel free to reach out if you are interested in the story.

[@АндрейБебенин-д1х]

It sounds interesting. Could you give me your contact details?

[@RongDMemer]

Hello?

[@KickaHippyPK]

I've never played EVE Online, but I found this video genuinely entertaining and honestly made me want to check out EVE. I have been a life long RuneScape player though, so there is a couple mistakes in this video when referencing RuneScape. Around 13:45, you mention how the Grand Exchange only works on it's dedicated server (AKA "worlds") and that players don't have access to trade information. However, that's not correct. The Grand Exchange is actually all encompassing across all ~200 worlds that can each hold up to 2,000 players. You can buy and sell items across different worlds. So for example, if a player is buying an item on one world, another player can sell it to them from a different world. There are also very detailed websites (including up to date trade information on the Old School RuneScape website itself) dedicated to showing the current buying/selling prices, the trade volume, sales history, and trends of different items on the OSRS Grand Exchange as well.

[@DroppedMyMarbles]

what's more important is that the G.E. was released in 2007 and before that most people just sat in a populated world in a big city and said what they were selling for how much. EVE came out in 2003, way before the G.E.

[@sonicSnap]

he was referring to trade squares, a player-made system made BEFORE the grand exchange. just used ge visuals for some reason? probably hard to find footage from the trade square days in HD

[@michaelf7093]

I make all the money I need IRL by trading on the actual stock market. But I have both Fidelity ATP and Eve Online running on my office computer, every market day. I set myself up to do AFK high security mining when I have to trade IRL. And I do more active gaming, when the market is nonvolatile.

[@torg2126]

"Also the FTC and the CIA want to talk to me about why I tried to hire Blackwater to take out some Natural Gas sites owned by some rivals. "And my cooperation was wondering why I didn't hire a mercenary company to crush a minor mining company that was being courted by our rivals." -You, after a really serious "wrong screen" event. 😅

[@michaelf7093]

@@torg2126 🤣

[@AndyKauffman-ml3og]

​@@torg2126😂😂

[@urektus69]

You need to buy a mining permit. Praise James 315

[@michaelf7093]

@@urektus69 I should sell mining permits.

[@corneliusblackwood9014]

I still have 15 accounts on Eve, something along the lines of $75,000 sitting there. People always bug me to sell my accounts but I can’t bring myself to do it.

[@bertington3181]

you gotta do it dawg, just dont get scammed

[@RongDMemer]

You need that bag

[@VslipstreamV]

Whew! I was worried about episode 3's ending... Burn Jita and NY stock exchange parallels would have been bad! When you want to learn Physics, play Kerbal Space Program. When you want to learn economics, play EVE. I miss this game but don't need a second job! Played for many years, supported CVA, Aegis Militia, and some fanatical space nuns, and have about 10 T2 BPO's and the parts for a system full of POS to my name somewhere... (ign Subidai AlKador, Kitara Darkmoon, et. al.)

[@2Infinit2]

Played for 3 years. Best game ever made and a way of life. You can't just dip your toe. It will be all your free time but you will meet the most awesome people you'll ever meet and really feel like part of a community. Its the most real online experience we have available from a game today as far as I'm concerned. It's a legitimate way of life. Scary and cool

[@thomashiggins9320]

The main difference between the economy in EVE and that of the really-real world is the lack of loans. Corps and alliances cannot borrow money as a means to finance anything, as the game has no enforcement mechanism to use against those who don't repay the loans. Without loans, the only way to pay for wars is to save up the money for them. Corps (usually) do this with "mining operations" (basically, contributions of labor to pull in commodities for use by the corp). However, formal alliances have the game-enforced ability to tax member transactions. But, yeah. Without a systemic means to enforce repayment, nobody in their right minds loans money or resources, in EVE.

[@rcp1892]

The transfer of digital money to real money is one of the best thing about Ready Player One/Two. Who know how many people would stay at home playing a game instead of working, IF they could exchange digital for real. It would be the same as those how mine for bitcoins. Working for digital money to change it for real money.

[@Guðmundur4369]

Could tell you so many stories hahaha DogWithMeat here ❤😂🎉

[@5nowChain5]

The learning curve is brutal, as is making a mistake to cross into Amamake into lowsec right into a gate camp and losing your ship and life and every cent you own.😮😭😭😭😭

[@Remianen]

14:50 MERLIN! My first "real" combat ship in 2005. Factional Warfare and Wormholes are examples of new features that were introduced and largely ignored because they couldn't produce the ISK/hr to make them worthwhile endeavors. That's changed over time. 20:41 That's not downtown Manhattan, that's Times Square. I can see my old office over on the left. 😜

[@EvelynNdenial]

i tried being a day trader in EVE once, i even made some money. but my character didnt have the skills to reduce the fees so it was slooooooooow. pretty fun for the few weeks i tried it though, great burgers.

[@MrRhoidRage]

10 years ago I would agree. Once you were able to buy in-game money with real money it suddenly lost its charm.

[@Me-eb3wv]

I remember playing this game back in like 2012 when my parents got me a ps3, it came with a little guide book and digital codes for the game currency. I only played it for like a weeks since it seemed complicated but the FPS modes were fun since it was a hyper futuristic robot call of duty game lol

[@thomasmann4536]

hearing about these tradehubs, one major drawback is they are in NullSec, which means anyone who goes there to trade can get blown out of the sky, whereas the high sec tradehubs are much safer. If any large faction were to establish and maintain trade routes that would guarantee the safety of merchants, Im pretty certain most of the trade would move there

[@arwo1143]

The exchange rate is closer to 10usd/ billion isk….. not 6 usd

[@harumessu626]

The current is about 8.9 usd/billion

[@EonHSD]

I keep hearing things about EVE Online and keep watching videos yet I have absolutely how these things actually work. Are there actual government buildings people build? Are there casinos? Is it all just in menus? I am so confused but I sound so awesome

[@tbotalpha8133]

It is all in menus, yes. And voice chat channels on Discord, and such. But the actual organisations are real, formed by large groups of players willingly cooperating towards collective goals.

[@TheKingSalty]

Started playing Eve September 5th 2005. This game gave me so many memories over the years. I don't play like I used too and some of the changes over the years are kind of meh. I don't want the game to ever die but I think its glory days are long gone.

[@curryboyftw]

Selling flax 100k

[@derrickjenkins2455]

I actually liked the attached spinnoff Dust 514. Although o didn't notice the Space Battles affecting the planet side fighting.

[@Onebadterran]

I remember playing Eve a lot in the early days, pre 2010, and at one point I had collected a huge amount of a mining laser. I then went to a local trade station and flooded the market with that product, to the point where the price crashed. It slowly recovered over a few months and I wrote a paper about it for high school economics. Good times...

[@elcocodriloazul]

World War Bee was called and not Casino War. Casino War was the name given by the defeated entity cos it did not wanted associated the defeat in the war with them. All the attackers called the war, World War Bee.

[@brightlight3520]

surprised this channel has so few subs. this video is well made!

[@VinegarMoneyGrows]

They say playing Runescape makes you a good trader If you play Eve you will be best trader

[@FaeTheMf]

Every once a year, a new eves online video shows up. And I mean I’ve never played the game but it always sounds fire asf

[@LDrumsOhio]

I started in 2005 after coming back from an Iraq deployment. I’ve ran markets in deep 0.0, commanded a 500 person alliance that held low sec and 0.0. I’ve fought in massive battles still talked about today. I’ve made billions off of my few T2 BPOs I won in lottery. I’ve also lost nearly everything a few times and had to evacuate and abandon billions in assets. I’d do it all over again and though I don’t play as much as I used too,I’m proud to be coming up on my 20th anniversary.

[@Arjunvandemataram]

Been playing this game since 2008, and still playing like crazy. This game is a 1 of a kind. My most favorite game right on top of all other games out there. This game is my 2nd life, and I have a wife that does not mind. I'm a happy man and a proud Goon !!😁

[@Uthael_Kileanea]

Theme From Jita is the background music. Very fitting for this video. For those who don't know, Jita is the most known trading hub in the game. Good volume, too. Not intrusive, yet enough to make listeners pay more attention to speech. Well done.

[@Ogooluwanick]

Best so far

[@usrevenge]

I absolutely miss the online casinos. They were fun. Somer blink ended up giving me a lot of ships for free.

[@5nowChain5]

We used to organise fortnightly/monthly LEMMING RUNS across Eve, looking to run fleets of hundreds of ultra expendable noob ships into lowsec picking fights against POS and Fleets of Capital Ships and taking on TITANS for shits n giggles.

[@isaacr7416]

Oh I so hope they let you real world trade. The economics of it would be fascinating to watch!

[@noelkelly4354]

One thing about War bonds, in addition to raising money for the war effort, their more important reasons for existing is to fight inflation and minimise private consumption of resources (away for the war effort). Every pound* that goes into buying war bonds is a pound that can't be spent buying a new private car that diverts labour and steel, rubber etc away from the war effort. *I used pound in this example because Keynes spent the last several years of him life financing the British war effort. It's this and his heart attack that are why his major economic writings end in 1937.

[@andrek6920]

Never thought of it that way. Its basically an indirect and voluntary method of transitioning more towards a war economy.

[@noelkelly4354]

@@andrek6920 Things are really serous when you've got to resort to both the carrot and the stick.

[@netking767]

This was a really great expose!

[@homealone5087]

Learning about this is mind blowing. I'm at once glad I didn't get into this game as well as regretful.

[@ArkamasRoss]

This explains how my sister’s marriage has almost been destroyed and they haven’t had as much money as they should’ve, including for food. My brother-in-law prioritized this damn game over his responsibility to his own wife and two little girls (who themselves were angry at him because all he did the second he got home from work was shut himself away and play) and dumped hours a day and money into the lower $10Ks into it. So if you play this on a serious level which sounds like the only level, do your prospective family a favor and don’t start it or get with reality. My sister has a hatred of gaming practically on an unfair level because she’s seen the worst side of it because of the demands of Eve. If there are guys in your circles in this with families, don’t hold them back from them.

[@comradeanthony4120]

You don't need to go to a Grey market to exchange isk for real money. You can buy an item in game that gives you game time. This items can be bought with real money AND is sold in the game for in game money. Thus there is an exchange for IRL money and in game money

[@knight_lautrec_of_carim]

EVE is one of those games where hearing stories about it is more fun than playing it.

[@bertington3181]

so like real life basically? EVE takes the win for realism yet again.

[@fridgeffs5662]

I miss goonswarm. I used to love tackling in my little rifter. Bees for life.

[@dingdongs5208]

I had so much fun playing this game between 2013-2018, although i have moved on im still in touch with people i used to play with

[@fozzylozzy1131]

Just love the idea of Amazon express shipping heavy ordanance to Walmart XD

[@MSMiruam]

Great essay, I always wanted to play it, knew it was hard but didn't imagine it was this kind of hard lol

[@kingslayerkingslayer5681]

Love eve, Couldn't get into EO but I play Eve echoes. Much more simplified and on mobile

[@douglasharbert3340]

Echoes is mobile trash. It's nothing more than Candy Crush compared to the actual EVE Online...

[@Bultish]

thats sick, very cool, dont have the time though, twins 😂😂

[@Chrono0dr-qn7vu]

I just thought it was crazy when I heard that the most expensive battle in this game costed hundred of thousands of real life dollars

[@comeandtakeit5183]

and EA still can't make a football game that doesn't suck...

[@malcolmanon4762]

In my 7 year Eve career I did the lot - ninja looter, ganker, LS piracy down in Khanid, Jita contract fraud, NS JF logisitcs etc it isn't so much a game as a lifestyle choice lol Trivia point - ISK the in game currency uses the FOREX shortcode for the Icelandic Krona.

[@thermalerosion4556]

Yes yes more eve content please

[@TriplePistol]

I learned financials with this beautiful game

[@3DCommando]

So this game is for people that are financially literate?

[@marcsh_dev]

Im curious. You mentioned that this was the last video for this series. I looked, and couldnt find the other 3. I would absolutely love to watch them

[@till7253]

this video is actually 4 seperate videos condensed into 1 (notice how each one has an intro?)

[@marcsh_dev]

Awesome, thanks. Didnt happen to notice, Im sure I will on second and third watches. Im a long time MMO gamedev, and I feel we have a severe lack of cool MMOs with features like Eve has (regarding economys primarily, though also the player owned stuff, and proper material sinks, and such are also awesome)

[@gognoggler7326]

This video just made me think about Diablo II and the economy in that game. It warrants a video like this. I am tempted to make it myself.