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Margin Trading scams

Author
Makro SSRI
The Grey Eagles
#41 - 2012-09-15 14:14:52 UTC
Prime wrote:
the mechanics SHOULD force the 20% price to at least be paid


Wrong. All the mechanics does is reduce market escrow as a percentage of the whole buy order value. Also, when a transaction takes place, market escrow is drained first. Hence when doing a margin trade scam you can drain whatever the percentage left in escrow yourself so that no or very little ISK remains. However, it will be possible to detect this by evaluating market logs.
Zelda Wei
New Horizon Trade Exchange
#42 - 2012-09-15 16:08:29 UTC

Market PvP the purest PvP.
Moonlit Raid
State War Academy
Caldari State
#43 - 2012-09-15 21:27:00 UTC
Zelda Wei wrote:

Market PvP the purest PvP.

Just allow negative wallets. plus a charge from the interstellar bank for going overdrawn.

If brute force isn't working, you're just not using enough.

Please Note: Any advice given comes with the caveat that nothing will be suitable for every situation.

Barakach
Caldari Provisions
Caldari State
#44 - 2012-09-16 00:10:44 UTC
Moonlit Raid wrote:
Zelda Wei wrote:

Market PvP the purest PvP.

Just allow negative wallets. plus a charge from the interstellar bank for going overdrawn.


They do get a negative wallet after they get fined, but then they just bio the char.

If the person attempting to fill the order got more money than was in the other person's wallet, then money would be created from nothing. If this was allowed, people would just create new chars to "Scam" themselves and get free money. The whole system would break.
Nub Sauce
State War Academy
Caldari State
#45 - 2012-09-18 00:09:07 UTC
Moonlit Raid wrote:
The market shouldn't allow buy orders that cannot be fulfilled. The whole point of the market is to allow trade if there are items listed that are not really for trade what does it become? Remote hangar view? Or another way, why can't I put items up for sale that aren't in my hangar?


Ah much like a short sale? I love this idea! Of course, it should also have all of the dangers of performing short sales.

Leverage is awesome, I wish we could short sale and write options contracts.
Somates Takiri
Starsheep Industries
#46 - 2012-10-31 13:19:50 UTC
There are two things to difference:


  1. There is the Margin-Trading-Scam... which i accept as a feature of the game. I think it should be possible to make an overpriced buyorder using Margin-Trading and a Wallet of 0ISK
  2. There is the Margin-Trading-0Excrowmoney-Scam/Exploit... where you have a buyorder for an item with 0Money behind. (0 Wallet and 0 Excrow)


The 2. case should be banned from EVE in my opinion.
-> Why do you need Margin-Trading, when you can have 0 Escrow Money?


I made here long ago a suggestion how to cure the 2. case (exploit in my eyes)

https://forums.eveonline.com/default.aspx?g=posts&m=1230679#post1230679
Cap James Tkirk
Holesale
Holesale Operations
#47 - 2012-11-01 15:27:05 UTC
Margin scamming is not an exploit lear to read orders before you buy them and if it looks to good to be true............... it is
Moonlit Raid
State War Academy
Caldari State
#48 - 2012-11-02 09:56:27 UTC
I like the above idea of options contracts, sometimes you're not too bothered what you get in return, cash or a particular item. (say for instance that's what you're going to buy anyway). Allows versatility.

If brute force isn't working, you're just not using enough.

Please Note: Any advice given comes with the caveat that nothing will be suitable for every situation.

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