These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

Market Discussions

 
  • Topic is locked indefinitely.
123Next page
 

Legitimate Eve Bank

First post First post
Author
Previous Topic Next Topic
Mr Pragmatic
#1 - 2012-11-16 20:24:49 UTC
Eve is a universe built on harsh capitalism (IMO)

Any form of capitalism needs a strong financial system. Would it not be interesting if there was a way to deposit money into a NPC Bank corp and the ISK accusers interest over time.

Also from this NPC Bank, you could take out loans and if you don't pay them back conord will come after you.

This would be a good way for starter corps to build some financially stability and encourage different forms of game play.

Or am I just daft? Discuss and troll hard.

Super cali hella yolo swaga dopeness.  -Yoloswaggins, in the fellowship of the bling.
Aziesta
Binal Extensions
Xagenic Freymvork
#2 - 2012-11-16 20:27:23 UTC
Inflation - It's bad enough already. Why would handing out even more free isk make things any better?

It would also mean that if you had a certain amount of isk, no matter how dumb you are, you'd be able to afford PLEX forever off the interest. I'm no economist, but this seems like a bad idea.
Unsuccessful At Everything
The Troll Bridge
#3 - 2012-11-16 20:40:52 UTC
Banks? Who needs banks when we can have more faucets!

Since the cessation of their usefulness is imminent, may I appropriate your belongings?
Darth Gustav
Sith Interstellar Tech Harvesting
#4 - 2012-11-16 20:57:02 UTC  |  Edited by: Darth Gustav
Player > Hi, I'd like to borrow 1 billion ISK please.

NPC > Great, just fill out this form and we'll deposit the balance (minus fees) into your wallet! Then, all you have to do is repay us in a timely fashion and CONCORD won't kill your ship.

Player > That's great!

NPC > Thanks for doing business with Eve Bank of Legitimacy!

Player > No no no, thank you.

Player then transfers 1b isk to his main and forgets that alt account ever existed, buying PLEX with the proceeds in an effort to perpetuate this scheme with a different "free" paid account.

Yeah, great idea! Sign me up!

He who trolls trolls best when he who is trolled trolls the troller. -Darth Gustav's Axiom
Val'Dore
PlanetCorp InterStellar
#5 - 2012-11-16 21:05:15 UTC
Wait, you don't actually believe banks don't demand collateral... do you?

Star Jump Drive A new way to traverse the galaxy.

I invented Tiericide
Darth Gustav
Sith Interstellar Tech Harvesting
#6 - 2012-11-16 21:08:47 UTC  |  Edited by: Darth Gustav
Val'Dore wrote:
Wait, you don't actually believe banks don't demand collateral... do you?

In the case mentioned by the OP, the "collateral" is concisely defined as CONCORD's right to shoot me if I fail to pay.

Obviously the player has nothing disposable worth the value he's trying to borrow, otherwise they wouldn't be borrowing the money they'd be selling the collateral.

Since CONCORD activity was the only collateral specified, in this case yes.

I believe there would be no other collateral involved because those were the specified parameters.

Can you come up with a logical situation where collateral would be equivalent to the value of the loan but the individual would prefer to not sell their collateral, instead dealing with a lender, to meet a financial requirement in-game?

Because I can't.

He who trolls trolls best when he who is trolled trolls the troller. -Darth Gustav's Axiom
Mortimer Civeri
Aliastra
Gallente Federation
#7 - 2012-11-16 21:11:10 UTC
Darth Gustav wrote:
Player > Hi, I'd like to borrow 1 billion ISK please.

NPC > Great, just fill out this form and we'll deposit the balance (minus fees) into your wallet! Then, all you have to do is repay us in a timely fashion and CONCORD won't kill your ship.

Player > That's great!

NPC > Thanks for doing business with Eve Bank of Legitimacy!

Player > No no no, thank you.

Player then transfers 1b isk to his main and forgets that alt account ever existed, buying PLEX with the proceeds in an effort to perpetuate this scheme with a different "free" paid account.

Yeah, great idea! Sign me up!

Oh hey, CCP subscriptions just doubbled overnight. CCP does a happy dance.

A month later, "Gee, all these accounts that have CONCORD after them for non payment of a loan, have unsubbed. I wonder why?"

Genuine newbie, "What do you mean a Rifter costs 100 million ISK?"

"I don't know which is worse, ...that everyone has his price, or that the price is always so low." Calvin
Rordan D'Kherr
Imperial Academy
Amarr Empire
#8 - 2012-11-16 21:11:28 UTC
Player Banks.

They are trustworthy.

Like real live banks.

Legit and stuff...

Don't be scared, because being afk is not a crime.
Mr Pragmatic
#9 - 2012-11-16 21:24:32 UTC
hmmm, didn't think about the collateral part.

never mind terrible idea.

A legitimate eve banking system could be absurdly abused.

Super cali hella yolo swaga dopeness.  -Yoloswaggins, in the fellowship of the bling.
Surfin's PlunderBunny
Sebiestor Tribe
Minmatar Republic
#10 - 2012-11-16 21:28:24 UTC
Mr Pragmatic wrote:
hmmm, didn't think about the collateral part.

never mind terrible idea.

A legitimate eve banking system could be absurdly abused.


Oh c;mon, it's not like anyone would use alts over a period of 3 years to gain a majority share and rob the bank for 700b isk

"Little ginger moron" ~David Hasselhoff 

Want to see what Surf is training or how little isk Surf has?  http://eveboard.com/pilot/Surfin%27s_PlunderBunny
Shepard Wong Ogeko
Native Freshfood
Minmatar Republic
#11 - 2012-11-16 21:30:41 UTC
Mr Pragmatic wrote:
Eve is a universe built on harsh capitalism (IMO)

Any form of capitalism needs a strong financial system...


Harsh capitalism is little different than theft, and you can see this is the number of player made banks that have run off with deposits, and borrowers who have taken off without repaying.
Ginger Barbarella
#12 - 2012-11-16 21:34:54 UTC
Send all ISK deposits to Space Barbie, LLC.

*shakes head*

"Blow it all on Quafe and strippers." --- Sorlac
Oopsy Bear
Doomheim
#13 - 2012-11-16 21:50:37 UTC
Mr Pragmatic wrote:
Eve is a universe built on harsh capitalism (IMO)

Any form of capitalism needs a strong financial system. Would it not be interesting if there was a way to deposit money into a NPC Bank corp and the ISK accusers interest over time.

Also from this NPC Bank, you could take out loans and if you don't pay them back conord will come after you.

This would be a good way for starter corps to build some financially stability and encourage different forms of game play.

Or am I just daft? Discuss and troll hard.


There is already a loan mechanism in the game. It is called PLEX. You put real money down as collateral and you get game time. You can turn this into isk. When you make the isk back and would repay the loan you turn your isk back into game time.

The only thing I'd wish for is a way to turn game time back into PLEX.
ISD Cura Ursus
ISD Community Communications Liaisons
ISD Alliance
#14 - 2012-11-16 22:11:55 UTC
Darth Gustav wrote:
Val'Dore wrote:
Darth Gustav wrote:
Val'Dore wrote:
Wait, you don't actually believe banks don't demand collateral... do you?

In the case mentioned by the OP, the "collateral" is concisely defined as CONCORD's right to shoot me if I fail to pay.

Obviously the player has nothing disposable worth the value he's trying to borrow, otherwise they wouldn't be borrowing the money they'd be selling the collateral.

Since CONCORD activity was the only collateral specified, in this case yes.

I believe there would be no other collateral involved because those were the specified parameters.

Can you come up with a logical situation where collateral would be equivalent to the value of the loan but the individual would prefer to not sell their collateral, instead dealing with a lender, to meet a financial requirement in-game?

Because I can't.


Don't spend much time in the Market forum do you.

Not really, no.

Did you have an answer to my question about disposable collateral and its sale vs. a loan against its value?



I can give this one a shot.

Let's say you have a rare item, say a T2 BPO and you don't want to use it, but you DO want to leverage it's value in ISK.
So you use a third party to hold the BPO and gain a loan equal to the BPO's declared value. You pay interest or other important considerations and then at the term expiry of the loan receive your BPO back.

There are other "one of a kind" or "few of a kind" item categories, but that is the gist. (Another example is a rigged expensive ship.....)


When the item is difficult to replace, then selling it is not as attractive as using it as collateral.


Of course, the flip side is that if you have such an item

ISD Cura Ursus

Lieutenant Commander

Community Communication Liaisons (CCLs)

Interstellar Services Department
Darth Gustav
Sith Interstellar Tech Harvesting
#15 - 2012-11-16 22:16:12 UTC  |  Edited by: Darth Gustav
ISD Cura Ursus wrote:
Darth Gustav wrote:
Val'Dore wrote:
Darth Gustav wrote:
Val'Dore wrote:
Wait, you don't actually believe banks don't demand collateral... do you?

In the case mentioned by the OP, the "collateral" is concisely defined as CONCORD's right to shoot me if I fail to pay.

Obviously the player has nothing disposable worth the value he's trying to borrow, otherwise they wouldn't be borrowing the money they'd be selling the collateral.

Since CONCORD activity was the only collateral specified, in this case yes.

I believe there would be no other collateral involved because those were the specified parameters.

Can you come up with a logical situation where collateral would be equivalent to the value of the loan but the individual would prefer to not sell their collateral, instead dealing with a lender, to meet a financial requirement in-game?

Because I can't.


Don't spend much time in the Market forum do you.

Not really, no.

Did you have an answer to my question about disposable collateral and its sale vs. a loan against its value?



I can give this one a shot.

Let's say you have a rare item, say a T2 BPO and you don't want to use it, but you DO want to leverage it's value in ISK.
So you use a third party to hold the BPO and gain a loan equal to the BPO's declared value. You pay interest or other important considerations and then at the term expiry of the loan receive your BPO back.

There are other "one of a kind" or "few of a kind" item categories, but that is the gist. (Another example is a rigged expensive ship.....)


When the item is difficult to replace, then selling it is not as attractive as using it as collateral.


Of course, the flip side is that if you have such an item

Your last statement may be the most important.

But beyond that, the situation you describe is still unhelpful to people who actually don't have any ISK or property of value, which was the OP's whole point. Beyond that, with the exception of Tech II BPO's there is virtually no such thing as "one of a kind." (obvious exceptions are rare ships etc)

Nobody I know would put their T2 BPO into a third party's hands.

Would you?

He who trolls trolls best when he who is trolled trolls the troller. -Darth Gustav's Axiom
Oopsy Bear
Doomheim
#16 - 2012-11-16 22:16:24 UTC
ISD Cura Ursus wrote:

I can give this one a shot.

Let's say you have a rare item, say a T2 BPO and you don't want to use it, but you DO want to leverage it's value in ISK.
So you use a third party to hold the BPO and gain a loan equal to the BPO's declared value. You pay interest or other important considerations and then at the term expiry of the loan receive your BPO back.

There are other "one of a kind" or "few of a kind" item categories, but that is the gist. (Another example is a rigged expensive ship.....)

When the item is difficult to replace, then selling it is not as attractive as using it as collateral.

Of course, the flip side is that if you have such an item


I'll admit that is an interesting idea. The downside is that we have now devised a way for only rich people to get loans.
Darth Gustav
Sith Interstellar Tech Harvesting
#17 - 2012-11-16 22:18:04 UTC
Oopsy Bear wrote:
ISD Cura Ursus wrote:

I can give this one a shot.

Let's say you have a rare item, say a T2 BPO and you don't want to use it, but you DO want to leverage it's value in ISK.
So you use a third party to hold the BPO and gain a loan equal to the BPO's declared value. You pay interest or other important considerations and then at the term expiry of the loan receive your BPO back.

There are other "one of a kind" or "few of a kind" item categories, but that is the gist. (Another example is a rigged expensive ship.....)

When the item is difficult to replace, then selling it is not as attractive as using it as collateral.

Of course, the flip side is that if you have such an item


I'll admit that is an interesting idea. The downside is that we have now devised a way for only rich people to get loans.

That was why I posted that the ISD's final statement was the most important.

If you've already got the ISK or an item worth the ISK, what's a loan good for?

He who trolls trolls best when he who is trolled trolls the troller. -Darth Gustav's Axiom
Malcanis
Vanishing Point.
The Initiative.
#18 - 2012-11-16 22:19:31 UTC
Mr Pragmatic wrote:
Eve is a universe built on harsh capitalism (IMO)

Any form of capitalism needs a strong financial system. Would it not be interesting if there was a way to deposit money into a NPC Bank corp and the ISK accusers interest over time.

Also from this NPC Bank, you could take out loans and if you don't pay them back conord will come after you.

This would be a good way for starter corps to build some financially stability and encourage different forms of game play.

Or am I just daft? Discuss and troll hard.


Create alt

borrow all the ISKs and give them to main

Abandon alt.

"Just remember later that I warned against any change to jump ranges or fatigue. You earned whats coming."

Grath Telkin, 11.10.2016
Darth Gustav
Sith Interstellar Tech Harvesting
#19 - 2012-11-16 22:20:23 UTC  |  Edited by: Darth Gustav
Malcanis wrote:
Mr Pragmatic wrote:
Eve is a universe built on harsh capitalism (IMO)

Any form of capitalism needs a strong financial system. Would it not be interesting if there was a way to deposit money into a NPC Bank corp and the ISK accusers interest over time.

Also from this NPC Bank, you could take out loans and if you don't pay them back conord will come after you.

This would be a good way for starter corps to build some financially stability and encourage different forms of game play.

Or am I just daft? Discuss and troll hard.


Create alt

borrow all the ISKs and give them to main

Abandon alt.

Clearly you stole that idea from my post one page back:

Darth Gustav wrote:
Player > Hi, I'd like to borrow 1 billion ISK please.

NPC > Great, just fill out this form and we'll deposit the balance (minus fees) into your wallet! Then, all you have to do is repay us in a timely fashion and CONCORD won't kill your ship.

Player > That's great!

NPC > Thanks for doing business with Eve Bank of Legitimacy!

Player > No no no, thank you.

Player then transfers 1b isk to his main and forgets that alt account ever existed, buying PLEX with the proceeds in an effort to perpetuate this scheme with a different "free" paid account.

Yeah, great idea! Sign me up!

He who trolls trolls best when he who is trolled trolls the troller. -Darth Gustav's Axiom
Beekeeper Bob
Beekeepers Anonymous
#20 - 2012-11-16 22:50:17 UTC
Darth Gustav wrote:
Player > Hi, I'd like to borrow 1 billion ISK please.

NPC > Great, just fill out this form and we'll deposit the balance (minus fees) into your wallet! Then, all you have to do is repay us in a timely fashion and CONCORD won't kill your ship.

Player > That's great!

NPC > Thanks for doing business with Eve Bank of Legitimacy!

Player > No no no, thank you.

Player then transfers 1b isk to his main and forgets that alt account ever existed, buying PLEX with the proceeds in an effort to perpetuate this scheme with a different "free" paid account.

Yeah, great idea! Sign me up!



Even if players don't know who you are, Concord should....then allow Concord to go after all your accounts.....Lol

Signature removed - CCP Eterne
123Next page