Market Discussions

Two banks leave, one bank enters.

Understandable point of view and perhaps it would help some, but it's more likely to make it more difficult to run my industry since I rely on running a pos and running my own freight, and that reliance will only increase. I'd rather that I keep my main and traders in the situation they are where I can continue to run my business as I always have and have this business separate. As this guy never undocks I don't have to worry about any issues like that.

I understand that it might put some investors off and that's just something I'll have to live with. It certainly doesn't seem to be putting everyone off, and I'm happy to grow as a small business.

I was wondering how long it would be until the first of "these guys" came along. You've not invested a penny, and so far no withdrawal requests have been made by any of the investors. I have no problem if people don't want to invest, they are free to make their own decisions about the validity of a given investment platform, but what you are doing is pointlessly attacking my business.

And that would expose the identities of my traders as well as the identities of other investors. No matter how many times people try to claim that I'd be better off exposing information that can be used to attack the business, I've already made that decision. Down the line, once I'm happy that the initial wave of people trying to destroy the business for a laugh is over, I may choose to expose the name of my main (just for ease of forum posting if nothing else) but API details will never be released.

It should be evident enough that this guy is lying, since the bank has been running for less than 24 hours and turnaround time on withdrawals are up to 48 hours. Even if he had invested and had requested a withdrawal, it not being completed would not be unexpected.

I was expecting the forum to be pretty much solely a source of attacks and trolling however since that's pretty much what every thread ever has turned into, so it's already taken into account as part of the business plan. Since this is not a scam and never will be a scam, I don't have to worry about anyone providing any solid evidence of it being one, I'll just have to deal with people like this, which I can accept.

It is not...
Did I roll this out at the totally wrong time or what?

I, for one, think this sounds shaydeh.

For the time being a 4% return has been decided as that is what I could reasonably sustained for a few months even if I were to for some reason have 0% income. Once the bank is a little more stable, the interest will vary based on projected interest for the coming months, to ensure the float can sustain the interest. If I were overachieving on trade, the interest rate would rise as the float grows, and if I were to underachieve the interest rate would fall as the float shrinks.

As time goes on and I reach limitations on what I can reasonably achieve I'll need to find further ways of generating income, which will lead off with collateralised loans and branching out to trusted industry partners who would essentially be taking partially collateralised loans.

It may be that a ceiling will be reached where the float will no longer be able to be sustained, and at that point I would consider speaking to some of the investors about the possibility of reducing their balance, but that would be an absolute worst case scenario, and is beyond the projected scale of the bank. The idea is that it's a consumer grade bank, more suitable for individuals with smaller balances that behemoth investors with hundreds of billions to invest.

I could, however that would reveal other investors as well as the names of some of my traders and other alts that I've been using to test the system over the last few weeks. Once I've finished training up my independent haulers and industrialists (so I will know they aren't linked to my main) and can release my mains identity it will be less of an issue to reveal API keys to trusted players (like yourself). For this particular instance, it's pretty obvious that it's a hoax since it's too soon after launch to have waited the withdraw period, but in the future I'm just going to have to take situations like that on the chin and work on through them.

...an error in judgement. If you consider that an 'error in judgement' then your scam must be amazing.

That one's been done on page 1, and the interest rate on the wallet is terrible.

Ah, there you are. Spamming Jita local.