Market Discussions

The consensus on the first page of this thread was that NPC banks add nothing of value to the game. This thread is largely concerned with the difficulties of player-run banks.

I am guessing you are not referring to deposit/withdrawals, since that is largely automated. Do you mean the menial work of a team of people investing all that ISK and getting little personal return from it?

It could be something similar to a corp wallet. Then maybe the "bank" can set min/max transaction sizes min/max account sizes, daily withdraw/deposit caps. Stuff like this.

Allow the bank to make use of a percentage those funds, possibly modifiable via a new skill.

We don't need a chequing account, we need a savings account. We need an easy way for the account hold to deposit and withdraw.

An alliance-wide flag? Wow. That would be something. That would actually give tremendous power to banks, something that wouldn't be exactly fair from a competition point of view. But I'm guessing you' re not proposing that anyway. On the other hand, several ... ahum... well-known alliances would probably try to scam banks on a big scale if they got the chance to do so. Alternatively, you could in theory set up a kind of New-Eden-wide arbitration board (who's members are corps) who could hold a 'trial' against a corp/alliance that scammed a financial institution; and who's members than all wardec this corp/alliance if the verdict is 'guilty'. However, the practical matters of such an arbitration board would be rather difficult - I don't imagine many corps joining, as there needs to be some-kind of advantage for corps to join.

Still, I'd prefer punishments to be in the form of financial punishments, as this is mostly a financial matter in the first place. Having said that, any bank that feels it needs to take revenge can of course put a bounty on someone's head, or hire mercenaries to kill that person.

It's all already possible today, by smartly using contracts and with a controlled maximum risk.

Does not mean it'd be worth doing though.

A year ago I pointed out that despite the rising money supply the Eve Economy was actually deflating, I called it the Liquidity Trap.

Hmm.... that's actually quite an interesting idea indeed.




You're only looking at one side of a bank - the 'front' door common to all ppl in RL. You're forgetting a very important aspect of banks: corporate loans (or the 'backdoor'). How do you think an RL bank can give you interest on your account? It uses your money to give out a loan to a company, which then pays interest over that loan, part of which is then used as your very own interest on your savings account. Without these loans, many companies would not be able to exist, and hence this would be bad for the economy. Hence, having a trusted banking sector in EVE might be good for the EVE economy.

You seem to have the false impression that private commercial banks have the ability to create money.

Your example of a bank loaning out its deposits fails to demonstrate how it has created money.

(Minor correction: When a bank loans out money to an individual, that loan becomes an asset of the bank, not a liability. Liabilities are obligations to pay someone else. In a loan, the borrower has a liability, the loaner has an asset. So, the bank has liabilities on its balance sheet from deposits, and it has assets on its balance sheet from loans.)