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Eve Online banking system needs a bailout or stimulus package
From yet another article that simultaneously makes me wish I played Eve Online and reminds me why I don't play Eve Online:Players of the sci-fi game EVE Online experienced another parallel yesterday between what happens in the game's virtual economy and the real-world financial woes that have hit the banking industry. EBANK -- the game's largest player-run financial entity, disclosed that they are 1.2 trillion ISK (InterStellar Kredits) in the red, and froze the accounts of all players and player organizations which had invested with the bank.
Now keep in mind that isk are kind of like lira in that the numbers have a lot of gratuitous zeros they really don't need. I'm pretty sure 1.2 trillion isk wouldn't even buy you an epic mount in World of Warcraft.
MMO site Massively has the details here.
By unangbangkay at 11:06 AM ON 08/27/09
EVE really is one of those games that is easier to admire than enjoy.
By The Innocent at 11:23 AM ON 08/27/09
That's a lot more than one might think, even if it is just videogame money. Back in October and November 2006, the exchange rate was called into question because of a banking scam, and at that point the exchange rate was ISK:USD 1:7,000,000. By that math, the current debt of EBANK is over $228,000.
Not as exciting as saying "a trillion!" but it's still significantly more than, say, Monopoly money.
By Neuromancer at 11:47 AM ON 08/27/09
I don't know why but I love hearing about this game.
By kedaha at 3:14 PM ON 08/27/09
A quick google shows 1billion isk costing about $45 from chinese farmers and whatnot.
That means tens of thousands of peoples entire savings from slaving away at the game for years amounts to $54,000.
Meh
By Grey Fox at 3:18 PM ON 08/27/09
$54,000 sounds about right. When I played a few months back, the in-game item PLEX, which is an item that extends your playtime by 30 days, cost about 300 million. And a month's subscription is about $15 right?
By geedeck at 4:00 PM ON 08/27/09
kedaha, still given that it's a game and everything, that's a huge chunka change. Plus it's a hugely disruptive force upon the game world.
By Anonymous at 4:47 PM ON 08/28/09
When I played it, nothing was more gratifying than destroying someone's year long work in a few minutes and watch it burn.
EVE Online is fun to experience if you're a bit sadistic.
By flyingbananas at 6:58 PM ON 08/28/09
uhhh... yeah it would easily buy a wow mount....
By Mack jackson at 12:50 AM ON 09/07/09
Online banking is much sophisticated feature, it will help to make your transactions the most convenient and time saving. There are some problems also like fees of net banking is high, internet connection is so much necessary. Let's see six banks that take the credit for bringing about a revolution in online banking, such as, The iPhone Check Drop Facility of USAA, Enhanced Banking Experience, Mobile Banking, etc.
Mack jackson:
Online banking is much sophisticated feature, it will help to make your transactions the most convenient and time s...More »