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Margin Trade Scam Possible fix ?

Author
bartos100
Living Ghost
#61 - 2012-04-12 16:25:14 UTC
i understand the skill has some good aplications
so i was thinking of changing it so that you need at least the isk for the min amount you put on the order
Robert Caldera
Caldera Trading and Investment
#62 - 2012-04-12 16:25:16 UTC
soooooooooooooooooooooooo? Nice C&P, but is the skill isnt working as intended?
Dont understany why you copypaste it here.
MushroomMushroom
State War Academy
Caldari State
#63 - 2012-04-12 16:26:12 UTC
Robert Caldera wrote:


who is abusing the skill??
The skill is valid and its there, exactly for the purpose of creating orders you dont have money for. Utilizing something for the intended purpose is not abuse.


Its not the skill that is abusive, its the combination of how minimum order quantities on buy orders and the mechanic for margin trade defaults interact to create and extremely high return, low risk mechanic that makes isk at the expense of less experienced players that is abusive. Don't get me wrong, making isk at the expense of those less knowledgeable is a big part of eve, and should remain, but the current margin trade scamming mechanics are out of balance.
Tippia
Sunshine and Lollipops
#64 - 2012-04-12 16:27:02 UTC  |  Edited by: Tippia
Ugh… English please? Ugh
Vengorin wrote:
[I'm] talking about the skill as a [w]hole[;] messing with things as a [w]hole[…] or [about] people just [using] it for the kicks or [using] it on a small wide[-]spread scale[, which] it was not me[a]nt fo[.]r
First of all, “small wide-spread scale” is quite contradictory. Either it's on a small scale or it's on a wide-spread scale. Which one do you mean?

Anyway, it was meant to be used for the placement of buy orders when you didn't have the liquidity to fully pay for that buy order. That is all. That's how it's being used, as a whole and in specific instances.

If people can use it to scam unwary traders, then it's still being used the way it's meant to. Why? Because scamming is legitimate gameplay, and it doesn't use any kind of exploits.

So the question remains: what is the problem you're trying to solve?

MushroomMushroom wrote:
Don't get me wrong, making isk at the expense of those less knowledgeable is a big part of eve, and should remain, but the current margin trade scamming mechanics are out of balance.
In what way?
Vengorin
Caldari Provisions
Caldari State
#65 - 2012-04-12 16:29:13 UTC
Tippia wrote:
Ugh… English please? Ugh
Vengorin wrote:
[I'm] talking about the skill as a [w]hole[;] messing with things as a [w]hole[…] or [about] people just [using] it for the kicks or [using] it on a small wide[-]spread scale[, which] it was not me[a]nt fo[.]r
First of all, “small wide-spread scale” is quite contradictory. Either it's on a small scale or it's on a wide-spread scale. Which one do you mean?

Anyway, it was meant to be used for the placement of buy orders when you didn't have the liquidity to fully pay for that buy order. That is all. That's how it's being used, as a whole and in specific instances.

If people can use it to scam unwary traders, then it's still being used the way it's meant to. Why? Because scamming is legitimate gameplay, and it doesn't use any kind of exploits.

So the question remains: what is the problem you're trying to solve?

MushroomMushroom wrote:
Don't get me wrong, making isk at the expense of those less knowledgeable is a big part of eve, and should remain, but the current margin trade scamming mechanics are out of balance.
In what way?



do you like take 30 min to type one post out ? catch up will you
Vengorin
Caldari Provisions
Caldari State
#66 - 2012-04-12 16:30:35 UTC
Robert Caldera wrote:
soooooooooooooooooooooooo? Nice C&P, but is the skill isnt working as intended?
Dont understany why you copypaste it here.


you like a fly buzzing about no doing much just there try makeing vaild points or somthing maybe.... if you can might be nice to see
Astroniomix
School of Applied Knowledge
Caldari State
#67 - 2012-04-12 16:32:43 UTC
Vengorin wrote:
Robert Caldera wrote:
soooooooooooooooooooooooo? Nice C&P, but is the skill isnt working as intended?
Dont understany why you copypaste it here.


you like a fly buzzing about no doing much just there try makeing vaild points or somthing maybe.... if you can might be nice to see

Try english. It will make people take you seriously.
MushroomMushroom
State War Academy
Caldari State
#68 - 2012-04-12 16:36:45 UTC
Tippia wrote:

MushroomMushroom wrote:
Don't get me wrong, making isk at the expense of those less knowledgeable is a big part of eve, and should remain, but the current margin trade scamming mechanics are out of balance.
In what way?

By making it possible to get the margin the trader put up even if they lack the isk to buy the entire minimum quantity.

Example:
Scammer places a buy order for 1000 widgets at 50k per widget, min quantity 1000 widgets, with margin trading 5, scammer places 12.5m (rounded) isk as collateral, plus broker fees, and then lists 1000 in overpriced widgets in orders of 500 units. Dumb trader buys the 2 orders of 500 each, and tries to sell to the 1000 widget order, it fails due the scammer not having money to pay for more then 250. Instead, the scammer should be forced to by the 250 units he can pay for. The difference is the scammer would be on the hook for about 25% of the total order value, rather then the less then 1% they pay now. Can still scam, but it wouldn't be so outrageous.
Robert Caldera
Caldera Trading and Investment
#69 - 2012-04-12 16:38:02 UTC
Vengorin wrote:
Robert Caldera wrote:
soooooooooooooooooooooooo? Nice C&P, but is the skill isnt working as intended?
Dont understany why you copypaste it here.


you like a fly buzzing about no doing much just there try makeing vaild points or somthing maybe.... if you can might be nice to see


omglol WHAT?

You are complaining about scams, which always utilize regular gameplay mechanics to trick new players into them.
IT IS ALWAYS THAT WAY and SCAMS ARE LEGAL!
What is this thread about?? Still dont get. Skill is working as intended but utilized for scams. SO WHAT?
Vengorin
Caldari Provisions
Caldari State
#70 - 2012-04-12 16:38:08 UTC
Astroniomix wrote:
Vengorin wrote:
Robert Caldera wrote:
soooooooooooooooooooooooo? Nice C&P, but is the skill isnt working as intended?
Dont understany why you copypaste it here.


you like a fly buzzing about no doing much just there try makeing vaild points or somthing maybe.... if you can might be nice to see

Try english. It will make people take you seriously.


im dyslectic... not dumb
Tippia
Sunshine and Lollipops
#71 - 2012-04-12 16:39:34 UTC  |  Edited by: Tippia
Vengorin wrote:
do you like take 30 min to type one post out ? catch up will you
No, I'm not obsessively checking your thread every second, and catch up to what? Nothing happened while I was posting that. Roll

The question remains: what problem are you trying to solve?

MushroomMushroom wrote:
By making it possible to get the margin the trader put up even if they lack the isk to buy the entire minimum quantity.
…yeees? That's the whole purpose of the skill. In what way is it imbalanced?
Vengorin
Caldari Provisions
Caldari State
#72 - 2012-04-12 16:39:37 UTC
Robert Caldera wrote:
Vengorin wrote:
Robert Caldera wrote:
soooooooooooooooooooooooo? Nice C&P, but is the skill isnt working as intended?
Dont understany why you copypaste it here.


you like a fly buzzing about no doing much just there try makeing vaild points or somthing maybe.... if you can might be nice to see


omglol WHAT?

You are complaining about scams, which always utilize regular gameplay mechanics to trick new players into them.
IT IS ALWAYS THAT WAY and SCAMS ARE LEGAL!
What is this thread about?? Still dont get. Skill is working as intended but utilized for scams. SO WHAT?


dfjkabagbahbhasfbhadsbfs ..... my spelling is bad but this all i see when you post .... and its the same thing over and over somthing new come on at least try
Astroniomix
School of Applied Knowledge
Caldari State
#73 - 2012-04-12 16:43:38 UTC
MushroomMushroom wrote:
Tippia wrote:

MushroomMushroom wrote:
Don't get me wrong, making isk at the expense of those less knowledgeable is a big part of eve, and should remain, but the current margin trade scamming mechanics are out of balance.
In what way?

By making it possible to get the margin the trader put up even if they lack the isk to buy the entire minimum quantity.

Example:
Scammer places a buy order for 1000 widgets at 50k per widget, min quantity 1000 widgets, with margin trading 5, scammer places 12.5m (rounded) isk as collateral, plus broker fees, and then lists 1000 in overpriced widgets in orders of 500 units. Dumb trader buys the 2 orders of 500 each, and tries to sell to the 1000 widget order, it fails due the scammer not having money to pay for more then 250. Instead, the scammer should be forced to by the 250 units he can pay for. The difference is the scammer would be on the hook for about 25% of the total order value, rather then the less then 1% they pay now. Can still scam, but it wouldn't be so outrageous.

Actualy I rather like this idea...... Scammers probably don't but whatevs.
Robert Caldera
Caldera Trading and Investment
#74 - 2012-04-12 16:43:47 UTC
Vengorin wrote:
Robert Caldera wrote:
Vengorin wrote:
Robert Caldera wrote:
soooooooooooooooooooooooo? Nice C&P, but is the skill isnt working as intended?
Dont understany why you copypaste it here.


you like a fly buzzing about no doing much just there try makeing vaild points or somthing maybe.... if you can might be nice to see


omglol WHAT?

You are complaining about scams, which always utilize regular gameplay mechanics to trick new players into them.
IT IS ALWAYS THAT WAY and SCAMS ARE LEGAL!
What is this thread about?? Still dont get. Skill is working as intended but utilized for scams. SO WHAT?


dfjkabagbahbhasfbhadsbfs ..... my spelling is bad but this all i see when you post .... and its the same thing over and over somthing new come on at least try


as first try explain why this scam is bad in contrast to all other (LEGAL!) scams
MushroomMushroom
State War Academy
Caldari State
#75 - 2012-04-12 16:49:48 UTC  |  Edited by: MushroomMushroom
Tippia wrote:
Vengorin wrote:
do you like take 30 min to type one post out ? catch up will you
No, I'm not obsessively checking your thread every second, and catch up to what? Nothing happened while I was posting that. Roll

The question remains: what problem are you trying to solve?

MushroomMushroom wrote:
By making it possible to get the margin the trader put up even if they lack the isk to buy the entire minimum quantity.
…yeees? That's the whole purpose of the skill. In what way is it imbalanced?


The purpose of the skill is to allow a trader who is buying goods to put up more in buy orders then they currently have isk to cover, with the expectation that by the time the margin call occurs, they will have raised enough isk to cover the order by selling other stuff.

Using minimum order quantities to scam people with the margin trading skill is a creative use of game mechanics, but I hardly think the intended use of the skill. I don't want to stop it, just make it harder/riskier to pull off.
Tippia
Sunshine and Lollipops
#76 - 2012-04-12 16:57:27 UTC
MushroomMushroom wrote:
The purpose of the skill is to allow a trader who is buying goods to put up more in buy orders then they currently have isk to cover, with the expectation that by the time the margin call occurs, they will have raised enough isk to cover the order by selling other stuff.

Using minimum order quantities to scam people with the margin trading skill is a creative use of game mechanics, but I hardly think the intended use of the skill. I don't want to stop it, just make it harder/riskier to pull off.
The thing is, what you're suggesting doesn't make it any riskier or harder — you just buy out that minimum amount yourself and move the ISK (the scam already requires a second character so this is a trivial extra step).

It doesn't actually change anything, and the fundamental question remains: why should it? What's the problem? It's just a scam, like any other, and unlike most, this actually requires a modicum of finesse. The solution is already in the game: caveat emptor — do you research before you invest, especially if it's in something you've never invested before. It's trading 101.
Stigman Zuwadza
Deep Core Mining Inc.
Caldari State
#77 - 2012-04-12 17:11:00 UTC  |  Edited by: Stigman Zuwadza
I'm not against the MT scams, however I was a bit perturbed by the following:

I'm selling an item, someone obviously places a MT scam buy order, I'm assuming its purpose was to encourage purchasing of the item in question, maybe the person had stock of this item.

So, I'm aware of MT scams and thought to myself, Ok I'll attempt to fill the order (had the required units). I was under the impression this would just fail the order and voila it would be gone.

Ok, so the order fails, I don't remember seeing any kind of message to indicate this ...then the units I was trying to sell to the MT scam order then got listed on the market ..this was not my intented action!

Thus I then had to pay the brokers fees to list my items, which again wasn't my intented action.

So, those that say nothing is lost, are in my eyes incorrect, I paid out broker fees to list am item I didn't wish to list due to a failed MT order. This I believe needs to be fixed.

I would not be against part filling MT buy orders either, it would help to ensure the MT mechanic is used more sparingly.

It's broken and it's been broken for a long time and it'll be broken for some time to come.

Yumirion
Ministry of War
Amarr Empire
#78 - 2012-04-26 10:56:25 UTC
Having the Margin Trading scam accepted/legal creates scammed people who will find the easiest way to get reimbursement is to copy the scam, this increases the number of victims further, then beginners will continue falling for these and possibly reconsidering paying for a game where scamming people is okay.
All you have to do is making the victims of these scams able to get reimbursements and punishing the scammers, this will significantly reduce the amount of these scams if not remove them all together.

This is my opinion. I don't care if you disagree.

And for those who finds these scams being part of the game and making the game more realistic remember that scamming people is illegal and fought (at least here) in real life.
Please do not patronize and belittle people who have fallen for the scam, it's childish and rude. What's done is done.

Best regards.
Caleb Ayrania
TarNec
Invisible Exchequer
#79 - 2012-04-26 11:19:45 UTC
There might be a rather easy fix to this scam..

We need ccp to introduce player to player billing. A system that will have many benefits..

That would serve the purpose of fixing or helping this scam.

If the margin trader is short a bill would naturally get generated..

All outstanding bills should count against the players margin trading skill. So it would basically be inactive as long as the player have creditors.

In practice that would mean that margin scams could only be done once, after that the use of the skill would only work again when the bills are paid.

This talk of negative liquidity also brings up the idea of micro corps..
If we brought in micro corps that worked as partner to the factions, and thus could not be war decced, there would be the option to further nerf npc corp straw man operations, and avoiding "legal sanctions"..

It would make it possible to limit npc available hangar space, or make the rental of that space more expensive.
When players opted to form a partnership micro corp, the assets could be seized via a lockdown when a "bankruptcy" was in effect. This mechanic would also be a potential part of issues with "neutral" participation in wars and aggression. Thus making it harder or impossible to regain access to assets in empire. A bit like once you get kicked out of null you end up with locked down assets, that you have to liquidate at a huge loss. A similar mechanic for empire would not at all be game breaking..

The current lack of such sanctions are actually a misbalance towards null entities. Its a bit ironic that null sec have so many awesome features, and most of the EVE players base dont have access to these awesome game mechanics due to the lack of interest in the politics and aggression. I think it would be interesting to see if null sec could be made easier to upgrade into high sec areas controlled by player entities. Yes I know there are alliances that try serving that purpose, but most of these have failed to gain strong hold and popularity in the rest of the player community.

Nikiyla
Center for Advanced Studies
Gallente Federation
#80 - 2012-05-03 22:27:15 UTC
I've thought about this scam and the usefulness of MT and here is my proposed fix:

If there is a "margin call" on your order and you can't pay, then you lose all SP in the margin trading skill.

Want to scam? No problem, but you'll have to re-train the ability to buy on margin.

What do you think of this solution?