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EVE banks. Do they still exist?
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feihcsiM
THE B0YS
#1 - 2012-08-10 15:48:13 UTC
Back in the day there were a few high profile banks in EVE, offering loans, investment etc.
After the EBank 'issues' with Ricdic a few years ago (even though it wasn't anywhere near the biggest bank heist) the banking sector seems to have disappeared.

Do banks in EVE still exist, nothing much comes up on a google search? Has anything changed within EVE that would make banks more viable and less risky nowadays?

It's the end of the world as we know it and I feel fine.
Goremageddon Box
Guerrilla Flotilla
#2 - 2012-08-10 15:49:01 UTC  |  Edited by: Goremageddon Box
Yes, send all your isk to me, I will invest it into ships and modu.....


monetary funds.

edit: see upcomming player contracts maybe?
Vincent Gaines
Deep Core Mining Inc.
Caldari State
#3 - 2012-08-10 15:49:34 UTC
I have one, I can open an account with you for a small 100 mil deposit.

Not a diplo. 

The above post was edited for spelling.
James 315
Experimental Fun Times Corp RELOADED
CODE.
#4 - 2012-08-10 15:50:04 UTC
EVE banks still exist. And yes, they're still scams.

MinerBumping.com
Blane Xero
The Firestorm Cartel
#5 - 2012-08-10 15:57:50 UTC
I smell mischief.

Resident Haruhiist since December 2008.

Laying claim to Out of Pod Experience since 2007, plain and simple. Keep the trash out of [u]Out Of Pod Experience[/u], If it's EVE Related or deserves a Lock, it does not belong here.
Virgil Travis
Non Constructive Self Management
#6 - 2012-08-10 16:15:05 UTC
My Dominix banks quite a lot when I change direction.

Unified Church of the Unobligated - madness in the method Mamma didn't raise no victims.
Bloodpetal
Tir Capital Management Group
#7 - 2012-08-10 16:21:26 UTC

The issue with EVE Banks isn't actually the scamming, it's that the "investment" concept is impossible to actually implement.

A real bank works by giving you a percent based on the percent of income that they make off of giving money out to other people.

Any EVE Bank who seriously wants to pursue investments is going to very likely get scammed themselves in the long run, because there is no recourse to force a client to pay back on his interest.

Hence, any EVE Bank is most likely a scam because they have no way to guarantee revenue.

The age of EVE IPOs is gone because there is enough ISK floating around now adays, you really don't need appeal to a mass quantity of people to generate ISK. (And most turn into scams even if they weren't intended to be).

Where I am.
No More Heroes
Boomer Humor
Snuffed Out
#8 - 2012-08-10 16:42:27 UTC
Here stranger on ther internet: have my bitcoins.

I trust you will do nothing nefarious with them. Roll

.
Ris Dnalor
Tribal Liberation Force
Minmatar Republic
#9 - 2012-08-10 17:16:28 UTC
feihcsiM wrote:
Back in the day there were a few high profile banks in EVE, offering loans, investment etc.
After the EBank 'issues' with Ricdic a few years ago (even though it wasn't anywhere near the biggest bank heist) the banking sector seems to have disappeared.

Do banks in EVE still exist, nothing much comes up on a google search? Has anything changed within EVE that would make banks more viable and less risky nowadays?



Lol, yea send me all your isk and I'll give you 5% interest for a month or two before going out of business :P

https://forums.eveonline.com/default.aspx?g=posts&t=118961

EvE = Everybody Vs. Everybody

  • Qolde
Ana Vyr
Vyral Technologies
#10 - 2012-08-10 17:21:31 UTC
It turns out that you can't actually trust anyone in Eve....go figure.

EvE Rule # 1: Don't trust anyone.
Mindseamstress
Jovian Labs
Jovian Enterprises
#11 - 2012-08-10 23:32:50 UTC
Bloodpetal wrote:

The issue with EVE Banks isn't actually the scamming, it's that the "investment" concept is impossible to actually implement.

A real bank works by giving you a percent based on the percent of income that they make off of giving money out to other people.

Any EVE Bank who seriously wants to pursue investments is going to very likely get scammed themselves in the long run, because there is no recourse to force a client to pay back on his interest.

Hence, any EVE Bank is most likely a scam because they have no way to guarantee revenue.

The age of EVE IPOs is gone because there is enough ISK floating around now adays, you really don't need appeal to a mass quantity of people to generate ISK. (And most turn into scams even if they weren't intended to be).



nae not quite right... you can still invest in BPOs and pump out BPCs pretty much risk free but granted, the yield is low these days.

And yes you can do recourse debt as a bank in Eve. You just ask for overcollateralization just like most real banks do for overnight lending. Problem is most Eve players run away when you ask for collateral :)