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The biggest scam you've never heard of

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Gress Enka
Venture into the unknown
#41 - 2012-03-15 12:43:32 UTC
As may has pointed out OP has made a fortune on ppl lack of research on how the contracts used to work. was dabbling with this for a while myself,(after beeing the one who bought the oldest contracts for a whileWhat?) and hundreds of Sister expanded probe launchers has made me a decent 14 day cycle profitEvil

The scale of this operation though is pretty epic. *applauds

corestwo
Goonfleet Investment Banking
#42 - 2012-03-15 13:12:46 UTC
KwarK uK wrote:

Shoutouts go to West and Grey for inventing it, Karah Serrigan and Apturan Reech for being way smarter than me, Tanith Yarndemon for playing the opposition at the end and corestwo for knowing all the details of how to do it and not thinking it was worth his time :p.


Hey now, I overlooked the (painfully obvious, in hindsight) requirement that contracts be 14 days long and so it never worked very well for me, ok!

I mean it still makes me dumb, I just want to clarify the dumb. Oops

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo
Greg Valanti
The Scope
Gallente Federation
#43 - 2012-03-15 13:52:42 UTC
I've watched this happen on all the high-volume contract items for a while - I assumed more people knew how it worked and a lot of people were doing it, never realized how few people were manipulating the prices... so what are the plans for that trillions of ISK? I hear zydrine is a popular investment Lol
Tasko Pal
Spallated Garniferous Schist
#44 - 2012-03-15 14:20:55 UTC  |  Edited by: Tasko Pal
This isn't a scam since no one was misrepresenting their side of the transaction (say advertising a domi on contract as a fed navy domi). Those people buying cal navy bcs did so because that module was worth at least $165 million to them. They just didn't know that "fair market value" was much lower than that and that they could have had those modules for less.

In my view, it is more properly a market manipulation which creates a lucrative (for certain sellers) information asymmetry (for certain buyers).
Fishmaskle
Brutor Tribe
Minmatar Republic
#45 - 2012-03-16 17:17:48 UTC
I really enjoyed the read and even though the final act is no longer possible, I am more interested in breaking into that ISK/LP business that he was doing before the swap.

Sadly at my current market knowledge level, my Brain just can't seem to wrap itself around some of this stuff. Maybe either not wired as good as some market/acct style folks or I am just not seeing the starting point properly.

If my calculations are correct though I have a chunk of LP that needs converting (Fed Navy) and could use a tinsy bit of guidance on how to make the most of it if anyone would be willing to lend a hand.

I understand a lot of what to do, but something just isn't clicking and it is really ticking me off. 
If I helped you out, Technical Issue, enemy gank, popped your poor fit, hit the "Like" button.
Wrathful Penguins
The Hatchery
RAZOR Alliance
#46 - 2012-03-16 18:04:27 UTC
KwarK alt: FN LP is pretty much worthless. You need to either make a spreadsheet of LP items from different stores to contact someone who has put the time in and simply sell your LP to them. There are LP stores out there with bulk conversions at easily 2-3 times the value of FN. If you contact my friends in the corp Every Day Low Prices they'd be happy to tell you which LP they're willing to buy and at what prices, they'll be taking a cut for their work on spreadsheets ofc but it's still an awful lot better than not knowing where to start and missioning for FN.
Liberty Eternal
The Scope
Gallente Federation
#47 - 2012-03-16 18:32:42 UTC
KwarK uK wrote:
I personally had fourteen with over thirty subscribed accounts (over 100 toons) used in the running of my operation and I wasn't the only one doing it.



I hear you got banned for botting? Maybe if you convince them it was a scam they'll believe you and let you have your stuff back Big smile
Xearal
Dead's Prostitutes
The Initiative.
#48 - 2012-03-16 20:06:13 UTC
Kudo's for such an elaborate operation, scamming hundreds of players without them realising it.

You Definitely deserve a Cookie! :)

And no, this is not me being sarcastic, this is really me applauding a well worked out scheme. it's not very often we see a really 'good' scam anymore. ( aka, one that takes me more than 10 seconds to figure out )

Does railgun ammunition come in Hollow Point?
Karah Serrigan
Ministry of War
Amarr Empire
#49 - 2012-03-16 20:24:32 UTC
Liberty Eternal wrote:
KwarK uK wrote:
I personally had fourteen with over thirty subscribed accounts (over 100 toons) used in the running of my operation and I wasn't the only one doing it.



I hear you got banned for botting? Maybe if you convince them it was a scam they'll believe you and let you have your stuff back Big smile

Who would tell such blatant lie?
KwarK uK
The Hatchery
RAZOR Alliance
#50 - 2012-03-17 00:30:28 UTC
Liberty Eternal wrote:
KwarK uK wrote:
I personally had fourteen with over thirty subscribed accounts (over 100 toons) used in the running of my operation and I wasn't the only one doing it.



I hear you got banned for botting? Maybe if you convince them it was a scam they'll believe you and let you have your stuff back Big smile

Confirming not banned. :S
They never had any skills but contracting on them and never left Jita. I also don't have the hardware to run more than two clients at once. I'm not exactly sure how I'd bot this, also if I had a bot listing contracts for set prices at set times the opposition would have massacred me.

You should vote for KwarK for a lowsec presence on CSM8. It's a good idea. I'd do it! https://forums.eveonline.com/default.aspx?g=posts&t=213851
Michael Harari
Genos Occidere
HYDRA RELOADED
#51 - 2012-03-17 03:00:21 UTC
KwarK uK wrote:
Liberty Eternal wrote:
KwarK uK wrote:
I personally had fourteen with over thirty subscribed accounts (over 100 toons) used in the running of my operation and I wasn't the only one doing it.



I hear you got banned for botting? Maybe if you convince them it was a scam they'll believe you and let you have your stuff back Big smile

Confirming not banned. :S
They never had any skills but contracting on them and never left Jita. I also don't have the hardware to run more than two clients at once. I'm not exactly sure how I'd bot this, also if I had a bot listing contracts for set prices at set times the opposition would have massacred me.


You dont have the hardware to run 2 clients at once either tbh.
flakeys
Doomheim
#52 - 2012-03-17 08:42:03 UTC
Well obviously not a scam i'd say just damn good use of the contract mechanics and i mean a DAMN good use.



Tipping hat , bowing and all from me Big smile

We are all born ignorant, but one must work hard to remain stupid.
Entity
X-Factor Industries
Synthetic Existence
#53 - 2012-03-17 10:36:36 UTC
Heh. this reminds me of my prime days in EVE.

It's actually hard to find profitable operations like this. Sure, it's meta-gaming at its finest, but this sort of thing happens in real life as well.

Well played indeed.

╦......║...╔╗.║.║.╔╗.╦║.╔╗╔╦╗╔╗

║.╔╗╔╗╔╣.╔╗╠..╠ ╠╗╠╝.║╠ ╠╝║║║╚╗

╩═╚╝║.╚╝.╚╝║..╚╝║║╚╝.╩╚╝╚╝║.║╚╝

Got Item?
Tanya Powers
Doomheim
#54 - 2012-03-17 13:16:33 UTC
Biggest scam try I've ever seen on these forums?

This one.
Angry Brother
Doomheim
#55 - 2012-03-17 13:36:09 UTC
KwarK uK wrote:
Liberty Eternal wrote:
KwarK uK wrote:
I personally had fourteen with over thirty subscribed accounts (over 100 toons) used in the running of my operation and I wasn't the only one doing it.



I hear you got banned for botting? Maybe if you convince them it was a scam they'll believe you and let you have your stuff back Big smile

Confirming not banned. :S
They never had any skills but contracting on them and never left Jita. I also don't have the hardware to run more than two clients at once. I'm not exactly sure how I'd bot this, also if I had a bot listing contracts for set prices at set times the opposition would have massacred me.



so if all your assets were liquidated, how much isk would you have? can we get a guesstimate plz Big smile
KwarK uK
The Hatchery
RAZOR Alliance
#56 - 2012-03-17 13:42:05 UTC
Little short of a tril. WG made a little more than me (over a considerably longer period of time) but unfortunately the patch hit just as I was getting where I wanted.

You should vote for KwarK for a lowsec presence on CSM8. It's a good idea. I'd do it! https://forums.eveonline.com/default.aspx?g=posts&t=213851
Firebolt145
The Hatchery
RAZOR Alliance
#57 - 2012-03-18 20:46:25 UTC
KwarK uK wrote:
Little short of a tril. WG made a little more than me (over a considerably longer period of time) but unfortunately the patch hit just as I was getting where I wanted.

Is this after or before you paid the 200b of uncollateralised debt?
Utemetsu
#58 - 2012-03-19 14:10:08 UTC
We interviewed Kwark Uk about this on our weekend show -- Listen to it at the link in my sig.
AureoBroker
Perkone
Caldari State
#59 - 2012-03-19 18:05:46 UTC
Interestingly, i made about 20b on a mistake of not noticing it and accidentally overpricing stuff by 25%.
The more you know.
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