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New Trade Skill

Author
Sigras
Conglomo
#21 - 2014-04-15 16:55:24 UTC
knowsitall wrote:
I think i mentioned in a different thread on this that i think this can be made to work for everyone. Just make the floor of the amount of isk in escrow the buy price * the minimum quantity. Then when that buy is filled it will check escrow and ensure there is enough for buy price * minimum quantity again. I think this will have very low impact on real traders (as they tend to have a minimum quantity of 1 and buy bigger than 1 batches). But the first batch of a buy order will ALWAYS work. If they don't have enough for the second batch the order is failed and removed from the market.

You could even compensate for the change by increasing the amount margin trading gives you as you have effectively added a floor that will ignore it until you pass that floor.


Knowsitall

that is a really creative idea, but it still wont fix the scam.

Scammers will simply put up a buy order for quantity 40, minimum quantity 20 then remove all the ISK from that toon, then sell that toon the items to drain their "margin trading buffer pool" then we're back in the same situation.

It would work if the market would de-list orders where the buyer doesnt have the ISK to cover the transaction, but that calculation is ridiculous, and would have to be done on every buy order for each person every time their wallet changed... you think there's lag in Jita now?
Xe'Cara'eos
A Big Enough Lever
#22 - 2014-04-15 17:53:19 UTC
tbh - part of the scam is also by making large buy orders with a ridiculously large 'buy' volume - in this case the UI needs to be cleaned up, but I think the dev's are on that

sudden memory of an inspirational idea - those orders that can't be filled (as the buyer does not, at that time, have the isk to cover) do not appear in the market UI, until the buyer once again has the isk to cover even a single unit of purchase (be that a single module or several thousand modules, whatever they've setup the minimum buy quantity as)

For posting an idea into F&I: come up with idea, try and think how people could abuse this, try to fix your idea - loop the process until you can't see how it could be abused, then post to the forums to let us figure out how to abuse it..... If your idea can be abused, it [u]WILL[/u] be.

Nikolai Lachance
Aliastra
Gallente Federation
#23 - 2014-04-15 21:16:18 UTC
Here's a good solution to the margin trading scam:

Be smart, pay attention, and don't fall for it.
Setsune Rin
Ministry of War
Amarr Empire
#24 - 2014-04-15 21:28:54 UTC
i've never fallen for a margin trading scam, even before i figured out that the skill existed.

did try to source the required materials from elsewhere at a normal price once when i was a bright eyed newbie, but i managed to figure out with already existing intelligence tools that it was a scam and tried (obviously failed) to turn it over on the scammer.

only new players and greedy idiots fall for this, i care very little for the last.

seems a lot more effective then changing a perfectly usefull mechanic

the only changes to margin trading i would ever support are visibility changes (temporarily hide margin traded orders that cannot be filled by wallet balance) or some sort of other way to implement the current mechanism but have it be more clear to the uninformed new players among us.

Xe'Cara'eos
A Big Enough Lever
#25 - 2014-04-15 23:23:10 UTC
Setsune Rin wrote:
i've never fallen for a margin trading scam, even before i figured out that the skill existed.

did try to source the required materials from elsewhere at a normal price once when i was a bright eyed newbie, but i managed to figure out with already existing intelligence tools that it was a scam and tried (obviously failed) to turn it over on the scammer.

only new players and greedy idiots fall for this, i care very little for the last.

seems a lot more effective then changing a perfectly usefull mechanic

the only changes to margin trading i would ever support are visibility changes (temporarily hide margin traded orders that cannot be filled by wallet balance) or some sort of other way to implement the current mechanism but have it be more clear to the uninformed new players among us.



I would support hiding unfillable orders
edit - maybe make it a market setting that's ticked by default

For posting an idea into F&I: come up with idea, try and think how people could abuse this, try to fix your idea - loop the process until you can't see how it could be abused, then post to the forums to let us figure out how to abuse it..... If your idea can be abused, it [u]WILL[/u] be.

Kaimar Redcloud
Utama Incorporated
Astral Alliance
#26 - 2014-04-16 00:05:32 UTC
Setsune Rin wrote:
seems a lot more effective then changing a perfectly usefull mechanic





The only change to margin trading skill I mentioned was adding a mechanic whereby traders could earn standings.

I wouldn't support hiding buy orders using margin trading. As several posters have hit me over the head with, legitimate traders also use margin trading

Hi-lighting those orders in a different color to let people know that there possibly may not be enough money in the account would be preferable so that the legitimate traders would not be punished because of the actions of a few bad apples.
ShakeThatMoneyMaker
Uniscape
#27 - 2014-04-16 09:52:08 UTC
I have thought about this for some time and I have an idea that would work.

It will solve the scammers market, and it will not effect normal gameplay.

The problem:
Player A puts up a buy order:
Player A removes Isk from his wallet so that he is unable to fullfill the buy order:
Player B attempts to fill the order, which fails.

Player A has no risk, but if he is the one selling the items (on contract) or on market in a seperate station/system. Can reap massive benefits.
Player B has all the risk, thinking he could make a quick buck.

Some of these scams are obvious, others are harder to identify (when the scammer put more work into it, so there is buy/sell history and multiple sell orders at simliar prices)

Solution:
Add a field to monitor the amount of Isk needed to fullfill a order placed on market.
If the sellers wallet drops under a certain level, the market buy order that he is no longer able to fullfill will not be listed untill the wallet level is high enough to cover them.

This would:
Allow normal usage of the Margin Trading skill.
Prevent abuse and also make it easier for traders to maintain a high turnover without risking their buy orders to bounce by misstake.
Sigras
Conglomo
#28 - 2014-04-16 17:06:38 UTC
I think you guys are under estimating the number of database calls this would require.

I do agree that this would fix the problem, but it would cause a ridiculous amount of lag as every time anyone's wallet changed, the server would have to do a table join and compare every market order they have with their wallet.

That doesnt seem like much, but you think there is lag on the jita market now?
Xe'Cara'eos
A Big Enough Lever
#29 - 2014-04-16 17:21:32 UTC
to be quite honest I have no idea how many database calls this would make - maybe only query orders when the wallet goes down - and query for increases hourly or similar? - that should cut it by at least 25-40%

For posting an idea into F&I: come up with idea, try and think how people could abuse this, try to fix your idea - loop the process until you can't see how it could be abused, then post to the forums to let us figure out how to abuse it..... If your idea can be abused, it [u]WILL[/u] be.

Gully Alex Foyle
The Scope
Gallente Federation
#30 - 2014-04-16 17:34:03 UTC
Again, why is margin trading a problem in the first place???

If you base your trading on a single buy order you're a terrible trader - your fault.

If you trade items with almost non-existant volume history you know you're taking a huge risk - again, your decision.

If someone goes through the hassle of putting up multiple 'fake' buy and sell orders in multiple trade hubs for months (in order to artifically create a volume history), I'd call it more a market manipulation than a scam and man, they deserve to make some profit after all that ISK and time invested.

Make space glamorous! Is EVE dying or not? Ask the EVE-O Death-o-meter!

PlatinumMercSEAL
Center for Advanced Studies
#31 - 2014-04-16 21:36:12 UTC
Officer Jasmine wrote:
Since CCP won't do anything about Margin Trading and it's almost exclusive use (abuse) by scammers, how about a new skill.

For those unaware, under the current system somebody (nearly always a scammer) sets up a market buy order without sufficient isk in the wallet to cover it. When someone tries to fill the order, it fails and they're stuck with a usually nearly worthless stack of items and the scammer is free to continue on with no consequences. This is un-Eve-like. Where else is there no risk for potentially great rewards?

The solution: Market Call- Forces thru a percentage of a buy order regardless of the amount of isk in the buyers wallet. CAN put buyer in a negative isk situation in their wallet. Seller gets their percentage (depending on skill level) of isk for fulfilling the order.
Any Items not covered by that percentage get returned to sellers hangar.

I would reccommend it be a rank 4 skill and give 15%/level return of underfunded buy orders.

Note I'm not advocating 100% (even at level5), but i wouldn't be against it Lol

I understand the margin trading scam is unethical and a huge problem, but how is it un-Eve like? This is the only game I know that doesn't make scamming unallowable. Though, there should de some sort of way to help prevent such issues.

A negative wallet doesn't necessarily hurt them, especially at as low of percentages you are proposing. If would hurt actual traders worse than it does the scammers. Here is my proposal that comes to mind instantly.

The market should include a column that notifies sellers how much of the buy order is backed. It will allow sellers to know if the order is 100% guaranteed or not. That would be s win for everyone, except for the scammers and those who don't know how to read.

Captain PlatiumMercSEAL, Deep-Space Wraiths (Independent Null Sec Mercenary Corporation)

ShakeThatMoneyMaker
Uniscape
#32 - 2014-04-17 03:25:31 UTC
Sigras wrote:
I think you guys are under estimating the number of database calls this would require.

I do agree that this would fix the problem, but it would cause a ridiculous amount of lag as every time anyone's wallet changed, the server would have to do a table join and compare every market order they have with their wallet.

That doesnt seem like much, but you think there is lag on the jita market now?

You don't need to check all of them, all you need is 1 extra transaction per wallet transaction.
Get the highest active value from a persons list of market orders.

Plus 1 additional transaction based on the outcome:
If the margin trading Isk value is higher then wallet.
Mark orders with higher value then wallet as inactive.

However, it does not have to be to EVERY wallet transactions, only decreases would have the effect.
And I'm sure CCP can filter out what Wallet transactions need to be checked without me guessing.

Lag in Jita is from a gazzillion people moving around while the market, chat, user lists and so on really is no problem.
NEONOVUS
Mindstar Technology
Goonswarm Federation
#33 - 2014-04-17 04:18:49 UTC
I like the idea that margin trading stays as is
But
If your wallet ISK goes below your highest order, it gets cancelled

So if I buy a trit for 1 isk and another order for 1000k trit at 1000k each min 1000k
I would have to keep the total pay in wallet and margin
then I add another buy this time for an honest 1000k trit at 7 isk each
but now my wallet doesnt support the scam order for payout so it gets cancelled

this way the utility of margin trading is preserved in that you stretch ISK over time, but the scam form is destroyed as you would have to watch for the sell order to complete then immediately cancel the buy lest they sneak it over on you, as the total wallet and margin is preserved


sort of
for order order:player orders
if margin order + player wallet < order
cancel order
order=-1
Kaimar Redcloud
Utama Incorporated
Astral Alliance
#34 - 2014-04-17 23:51:39 UTC
Gully Alex Foyle wrote:
Again, why is margin trading a problem in the first place???

If you base your trading on a single buy order you're a terrible trader - your fault.

If you trade items with almost non-existent volume history you know you're taking a huge risk - again, your decision.

If someone goes through the hassle of putting up multiple 'fake' buy and sell orders in multiple trade hubs for months (in order to artificially create a volume history), I'd call it more a market manipulation than a scam and man, they deserve to make some profit after all that ISK and time invested.


Nobody said Margin Trading is a problem. Being unable to do anything about Margin Trading scams is the problem. I agree with you that attempting to manipulate a particular market in your favor is simply 1 of the uses of the skill and usually takes weeks or months to work, and somebody working at it that hard should enjoy a reward. In poker it's called bluffing. In poker, bluffing has risk. In Eve, if someone calls your bluff, you pack up your chips and go home. All you've lost is the fees for placing the order.
Also, usually when someone is trying to manipulate a particular market, it's usually only by a few percentage points, not orders of magnitude one way or another. ie: trying to get trit to move up 2isk, not 20.

Adding the Margin Call skill gives people a chance to call a bluff, if they recognize it for that. It also gives time for a trader to correct a mistake instead of automatically failing an order.

For the few of you who can't offer anything more to the discussion than "don't be greedy, stupid or new" , the exit is Arrow
Gully Alex Foyle
The Scope
Gallente Federation
#35 - 2014-04-18 00:22:23 UTC
Kaimar Redcloud wrote:
For the few of you who can't offer anything more to the discussion than "don't be greedy, stupid or new" , the exit is Arrow
Thanks for your reply and I understand the poker analogy, but I don't think it's relevant.


I'm assuming you're a fairly knowledgable trader, so I ask you: have you ever fallen for a Margin Trading 'scam'?

I'd bet no, or maybe just once and learned your lesson, so you won't ever fall for it again.

Am I right? Yes?

See where I'm going here?

If you're a half-decent trader MT scams are NOT a problem. There is no problem. There is no need for a complicated (and possibly exploitable) 'solution' to a non-existant problem.


/thread? Big smile


Or... you do still fall for these scams?


Make space glamorous! Is EVE dying or not? Ask the EVE-O Death-o-meter!

Kaimar Redcloud
Utama Incorporated
Astral Alliance
#36 - 2014-04-18 01:25:06 UTC  |  Edited by: Kaimar Redcloud
Gully Alex Foyle wrote:
Kaimar Redcloud wrote:
For the few of you who can't offer anything more to the discussion than "don't be greedy, stupid or new" , the exit is Arrow
Thanks for your reply and I understand the poker analogy, but I don't think it's relevant.


I'm assuming you're a fairly knowledgable trader, so I ask you: have you ever fallen for a Margin Trading 'scam'?

I'd bet no, or maybe just once and learned your lesson, so you won't ever fall for it again.

Am I right? Yes?

See where I'm going here?

If you're a half-decent trader MT scams are NOT a problem. There is no problem. There is no need for a complicated (and possibly exploitable) 'solution' to a non-existant problem.


/thread? Big smile


Or... you do still fall for these scams?




Actually, I half fell for the scam once when I was a wee lad. Someone came in local in Dodixie advertising a contract lamenting how they didn't have the isk to take advantage of a great deal on micro proton smartbombs. I could see it was a scam. Long story short, went about 60 or 70 jumps to buy them at the real price. Went back to Dodixie, said "I have him now", pressed sell and went "DAFUQ?!?" Shocked Didn't know about the skill Margin Trading.

TBH, I'm no trader. If I had to sit in a station watching for wallet blinks all day, by the 2nd day I'd be in a rifter in Goon space screaming "I LOVE -A-!!! Long Live Red Alliance!! till someone put me out of my misery. I just buy what I need and what I don't need usually ends up collecting dust in my hangar which is why I have something like 60 or 70 ships I haven't flown in...forever.

No my biggest issue with the whole market trading scam is that mostly the ones who fall for it are noobs who don't have the experience to recognize it and are the ones who can least afford to lose isk. I give away isk to help noobs at times. Have I been taken advantage of? Undoubtedly. Do I care? No because I know some of the people I've helped have really needed it. And I'm not looking for an "attaboy!" It's just something I do sometimes. That's what the new skill is about. It doesn't eliminate the scam but it does level the playing field a little. I think I added something of value for traders as well.

I seriously doubt CCP will consider adding this but one never knows.
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