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So, why is the margin trading scam still allowed?

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Trader168510351
Doomheim
#1 - 2014-08-12 05:02:29 UTC
I see it all the time. Have seen it since I started playing in 2006.

I don't understand why the market allows you to put an order on the market that is impossible to fufill. I can understand why the skill would be useful legitimately, but shouldn't it force the minimum order to be below escrow?
Paranoid Loyd
#2 - 2014-08-12 05:07:17 UTC
0/10

"There is only one authority in this game, and that my friend is violence. The supreme authority upon which all other authority is derived." ISD Max Trix

Fix the Prospect!
Archibald Thistlewaite III
The Royal Society for the Prevention of Miners
#3 - 2014-08-12 05:09:36 UTC
The 'scam' with the margin trade scam is not really that you can put up a market order that may fail, all market orders may fail.

The scam is persuading someone to over pay for a worthless module by using their own greed against them. CCP doesn't protect players from their own greed and any other faults that we have. Its the beauty of the game.

User of 'Bumblefck's Luscious & Luminous Mustachio Wax'
Riot Girl
You'll Cowards Don't Even Smoke Crack
#4 - 2014-08-12 05:30:22 UTC
Because it's a way to emulate real life scams using in-game tools. I'm not sure if CCP originally planned for it to exist or if it just came around by conincidence, but it's an interesting nuance of the systems which add a more unique feel to the game.

Oh god.
IIshira
School of Applied Knowledge
Caldari State
#5 - 2014-08-12 05:31:55 UTC
Because scamming is a type of gameplay. More variety that CCP can offer players means more subscriptions.
Eugene Kerner
TunDraGon
Goonswarm Federation
#6 - 2014-08-12 06:16:31 UTC
Trader168510351 wrote:
I see it all the time. Have seen it since I started playing in 2006.

I don't understand why the market allows you to put an order on the market that is impossible to fufill. I can understand why the skill would be useful legitimately, but shouldn't it force the minimum order to be below escrow?

Dear-a Word of advise- never try real trading.

TunDraGon is recruiting! "Also, your boobs [:o] "   CCP Eterne, 2012 "When in doubt...make a diȼk joke." Robin Williams - RIP
Hasikan Miallok
Republic University
Minmatar Republic
#7 - 2014-08-12 06:47:21 UTC
Riot Girl wrote:
Because it's a way to emulate real life scams using in-game tools. I'm not sure if CCP originally planned for it to exist or if it just came around by conincidence, but it's an interesting nuance of the systems which add a more unique feel to the game.



Actually no, that type of scam is impossible in real life because the EVE version of margin trading is over simplistic and does not even make margin calls AFAIK. Even if it were possible IRL you would need to leave the country or equity courts would have your ass :D



However ..

meh it's EVE
scammers will be scammers
if ppl want to margin scam go for it
Seth's Dead
Aliastra
Gallente Federation
#8 - 2014-08-12 07:47:39 UTC
Hasikan Miallok wrote:
Riot Girl wrote:
Because it's a way to emulate real life scams using in-game tools. I'm not sure if CCP originally planned for it to exist or if it just came around by conincidence, but it's an interesting nuance of the systems which add a more unique feel to the game.



Actually no, that type of scam is impossible in real life because the EVE version of margin trading is over simplistic and does not even make margin calls AFAIK. Even if it were possible IRL you would need to leave the country or equity courts would have your ass :D



However ..

meh it's EVE
scammers will be scammers
if ppl want to margin scam go for it



You can totally do this in real life. You put out an ad, saying that you want to buy a 15th century French toilet for 500,000 dollars, and then put out another ad saying that you are selling a 15th century French toilet for 200,000 dollars. When the person buys it for 200,000 dollars to then sell for 500,000 dollars, you simply dont answer them, or say you already got one.
Jessica Danikov
Network Danikov
#9 - 2014-08-12 07:53:28 UTC
Margin Trading doesn't equate to scamming, but there is a scam that involves the Margin Trading skill and how it can "lie" to you (although some people argue this isn't a lie per se).

There is a lengthy thread started by CCP Rise in Features & Ideas discussing it at length: https://forums.eveonline.com/default.aspx?g=posts&t=298037&find=unread
Sentamon
Imperial Academy
Amarr Empire
#10 - 2014-08-12 07:59:23 UTC
Trader168510351 wrote:
I see it all the time. Have seen it since I started playing in 2006.

I don't understand why the market allows you to put an order on the market that is impossible to fufill. I can understand why the skill would be useful legitimately, but shouldn't it force the minimum order to be below escrow?


Because you're greedy, lazy, and got taken advantage off.

Market PvP should always have risk, like every other part of EVE.

~ Professional Forum Alt  ~
Gully Alex Foyle
The Scope
Gallente Federation
#11 - 2014-08-12 08:04:46 UTC
I would support different coloured buy orders, when full escrow hasn't been deposited. Makes sense to give that info to sellers.

Still, the 'scam' is based on people buying obscure items, that's entirely their own decision and their own risk.

Make space glamorous! Is EVE dying or not? Ask the EVE-O Death-o-meter!
Kaarous Aldurald
Black Hydra Consortium.
#12 - 2014-08-12 08:14:36 UTC
This is another excellent example as to why NPC corp posters need to be banned from GD.

"Verily, I have often laughed at the weaklings who thought themselves good because they had no claws."

One of ours, ten of theirs.

Best Meltdown Ever.
BrundleMeth
State War Academy
Caldari State
#13 - 2014-08-12 10:36:53 UTC
Kaarous Aldurald wrote:
This is another excellent example as to why NPC corp posters need to be banned from GD.

Hey get stuffed...

I pay my $15 a month like everyone else and live in a Legitimate Corp. So what if it's an NPC corp...
Electrique Wizard
Mutually Lucrative Business Proposals
#14 - 2014-08-12 11:24:51 UTC
Gully Alex Foyle wrote:
I would support different coloured buy orders, when full escrow hasn't been deposited. Makes sense to give that info to sellers.

Still, the 'scam' is based on people buying obscure items, that's entirely their own decision and their own risk.


90% of all buy orders would be in red. 100% of all traders use margin trading and have nowhere enough isk to cover all buy orders in their wallets. For example, I dont keep more than 10 bil in my trader toon's wallet, even though I have 25 bil worth of buy orders outstanding.

I am the Zodiac, I am the stars, You are the sorceress, my priestess of Mars, Queen of the night, swathed in satin black, Your ivory flesh upon my torture rack.
Gallowmere Rorschach
The Scope
Gallente Federation
#15 - 2014-08-12 12:23:22 UTC
Seth's Dead wrote:

You can totally do this in real life. You put out an ad, saying that you want to buy a 15th century French toilet for 500,000 dollars, and then put out another ad saying that you are selling a 15th century French toilet for 200,000 dollars. When the person buys it for 200,000 dollars to then sell for 500,000 dollars, you simply dont answer them, or say you already got one.

This man actually gets it.
Milan Nantucket
Doomheim
#16 - 2014-08-12 12:30:56 UTC
Gallowmere Rorschach wrote:
Seth's Dead wrote:

You can totally do this in real life. You put out an ad, saying that you want to buy a 15th century French toilet for 500,000 dollars, and then put out another ad saying that you are selling a 15th century French toilet for 200,000 dollars. When the person buys it for 200,000 dollars to then sell for 500,000 dollars, you simply dont answer them, or say you already got one.

This man actually gets it.

Except I would blow the dust off my 15th century French toilet and sell it. I wouldn't buy one.
CCP Falcon
#17 - 2014-08-12 12:37:10 UTC
Because you should be perfectly able to protect yourself from falling foul of one of the oldest tricks in the book.

Honestly, a scam that's been around since time began and people are still falling for it?

Sheesh.

Locked, this has been discussed to death and back.

CCP Falcon || EVE Universe Community Manager || @CCP_Falcon

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