These forums have been archived and are now read-only.

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

EVE General Discussion

 
  • Topic is locked indefinitely.
123Next pageLast page
 

my email to CCP about trade margin exploits.

Author
Jealousy Asques
The Seventh Circle
#1 - 2012-12-20 14:33:07 UTC
This is a serious exploit that needs to be addressed. I know you guys allow and even encourage scamming, but this is going too far. There is no way in game to check if a buyer actually has the cash to cover his buy order margins, and I see this exploited all over the place. You can't even see who the buyer is before you buy, and bank upon his reputation. Scams are one thing, but scams with no countermeasures are too much. There are plenty of expensive items that are 100% believeably priced in the hundreds of millions of isk. Scammers place a buy order for a tempting price, and then drain their accounts of money so that it can never be filled. They then sell the same item elsewhere for inflated prices still well below their buy order. There is often no way to investigate the true value of the item if there is little or no trade history, and prices naturally fluctuate for rare items. This ruins high end trade markets! I'm not going to risk an investment if there is no assurance that buy orders are valid. It's one thing that people can cancel them before I get there, but another to let them leave bogus orders up when they arent even online. When I first found out about this tactic I could not believe that it was allowed. There are enough other ways to scam people in this game. DO SOMETHING about this one.

Thank you...


I'm sure it will go no-where, but if enough people make a stink, who knows? I'm a newer player and I'm sure everyone thats been around a while has become complacent or just doesnt care about this, but come on... This is very lame and goes above and beyond Eve's "no hold's barred" spirit. And no I did not fall for this, but I almost did. As I say it ruins the trading market for rare, high dollar items.
Stitcher
School of Applied Knowledge
Caldari State
#2 - 2012-12-20 14:40:08 UTC
Solution: don't fill buy orders, sell all of your stuff yourself.

AKA Hambone

Author of The Deathworlders

Jealousy Asques
The Seventh Circle
#3 - 2012-12-20 14:43:31 UTC
A partial solution to the problem that doesn't affect legitimate margin trades... Just make it so that we can at least check the buyers current capability to complete the order. Even if they can drain their accounts before I get there, at least they couldnt do it while offline. A way to rate sellers&buyers like ebay would be another nice option.
Jealousy Asques
The Seventh Circle
#4 - 2012-12-20 14:44:09 UTC
Stitcher wrote:
Solution: don't fill buy orders, sell all of your stuff yourself.


This is not a solution. Usefull comments only please.
Darenthul
Anstard Armory Inc.
#5 - 2012-12-20 14:47:28 UTC
Jealousy Asques wrote:
A partial solution to the problem that doesn't affect legitimate margin trades... Just make it so that we can at least check the buyers current capability to complete the order. Even if they can drain their accounts before I get there, at least they couldnt do it while offline. A way to rate sellers&buyers like ebay would be another nice option.


I'd have no issues with this really.

I've always thought that buy/sell orders should be labeled or such anyway, I'd like to sell things from my corporation and have them known by name. Just let people pick anonymous or not when posting it.

"I find mining to be an incredibly relaxing thing to do after work. It's like fishing without waking up early. Or cold. But the beer, the beer is the same." - arramdaywalker

Magormor
Homicidal Suicidal
#6 - 2012-12-20 14:47:52 UTC
I tried man, Devs seem not to care or even bother commenting about it.

Looking for counter arguments/prepare yourself for their lame excuses here is my thread.

https://forums.eveonline.com/default.aspx?g=posts&t=170441
Kehro Urgus
Dark Nebula Academy
O X I D E
#7 - 2012-12-20 14:49:13 UTC
Seriously, those margin scams stick out like a sore thumb. If you fall for it, trading isn't what you should be doing. Roll

Yeeee! 

Destination SkillQueue
Doomheim
#8 - 2012-12-20 14:50:10 UTC
Jealousy Asques wrote:
This is a serious exploit

Stopped reading right here.

When the OP tries to inflate a minor scam to a major exploit you know the thread might go places, but it's unlikely to be of much value.
Stitcher
School of Applied Knowledge
Caldari State
#9 - 2012-12-20 14:52:41 UTC
Jealousy Asques wrote:
This is not a solution. Usefull comments only please


Oh, it most certainly is a solution. If you never attempt to fill buy orders, but instead set up your own sales then you are NEVER going to fall for a margin scam. Ever.

Not to mention your margins will be bigger. It's a win-win!

AKA Hambone

Author of The Deathworlders

SaKoil
Brutor Tribe
Minmatar Republic
#10 - 2012-12-20 14:53:13 UTC
Jealousy Asques wrote:
This is a serious exploit that needs to be addressed. I know you guys allow and even encourage scamming, but this is going too far. There is no way in game to check if a buyer actually has the cash to cover his buy order margins, and I see this exploited all over the place. You can't even see who the buyer is before you buy, and bank upon his reputation. Scams are one thing, but scams with no countermeasures are too much. There are plenty of expensive items that are 100% believeably priced in the hundreds of millions of isk. Scammers place a buy order for a tempting price, and then drain their accounts of money so that it can never be filled. They then sell the same item elsewhere for inflated prices still well below their buy order. There is often no way to investigate the true value of the item if there is little or no trade history, and prices naturally fluctuate for rare items. This ruins high end trade markets! I'm not going to risk an investment if there is no assurance that buy orders are valid. It's one thing that people can cancel them before I get there, but another to let them leave bogus orders up when they arent even online. When I first found out about this tactic I could not believe that it was allowed. There are enough other ways to scam people in this game. DO SOMETHING about this one.

Thank you...


Stupid is as stupid does -Michael Jackson
Sarmea Moon
Aliastra
Gallente Federation
#11 - 2012-12-20 14:53:17 UTC
Solution: Same as real life- don't invest in anything without doing your homework.


If none have sold in the last 90 days in your region, take 5 minutes to log an alt into The Forge and check their market. Still no trade in the last 90 days? There is no market for the item and it's a scam. We do have module channels you can get price checks and valuations as a backup. Even legit trades in rare items can go sideways fast. Don't trade in those items unless you know what you are doing.

The problem with defending the purity of the English language is that English is about as pure as a cribhouse [lady of commercial virtue]. We don't just borrow words; on occasion, English has pursued other languages down alleyways to beat them unconscious and rifle their pockets for new vocabulary.- James Nicoll

Aziesta
Binal Extensions
Xagenic Freymvork
#12 - 2012-12-20 14:54:11 UTC
Jealousy Asques wrote:
Stitcher wrote:
Solution: don't fill buy orders, sell all of your stuff yourself.


This is not a solution. Usefull comments only please.

Not all solutions involve Devs coming in and changing things to fit your playstyle.
Disciple Amphal
Imperial Shipment
Amarr Empire
#13 - 2012-12-20 14:55:06 UTC
How much ISK did you lose?

I know it sucks but you just gotta realize if it looks too good to be true it more than likely is a scam.

Good news is I bet you wont fall for it again.
Random McNally
Stay Frosty.
A Band Apart.
#14 - 2012-12-20 14:59:14 UTC
Aziesta wrote:
Jealousy Asques wrote:
Stitcher wrote:
Solution: don't fill buy orders, sell all of your stuff yourself.


This is not a solution. Usefull comments only please.

Not all solutions involve Devs coming in and changing things to fit your playstyle.


This right here. ^^

Host of High Drag Podcast. http://highdrag.wordpress.com/

Space music http://minddivided.com

I G Channel HighDragChat

Broadcast4Reps

dexington
Caldari Provisions
Caldari State
#15 - 2012-12-20 15:01:00 UTC
If a market order looks to good to be true it probably is, always practice caution when attempting some get rich quick scheme on the market.

That said it's easy to exploit new players using margin scams, maybe to easy...

I'm a relatively respectable citizen. Multiple felon perhaps, but certainly not dangerous.

Darenthul
Anstard Armory Inc.
#16 - 2012-12-20 15:03:25 UTC
I'm not going to say its easy to fall for, its glaringly obvious 99% of the time, but it is an exploit/problem of game mechanics instead of a real scam in regards to how it works. That I think qualifies it for a fix.

"I find mining to be an incredibly relaxing thing to do after work. It's like fishing without waking up early. Or cold. But the beer, the beer is the same." - arramdaywalker

Varius Xeral
Doomheim
#17 - 2012-12-20 15:03:32 UTC
You never have any guarantee that a buy order will still be there, margin trading or not.

Furthermore, the entire game of arbitrage is research, which you failed to do.

You took a risk with the intention of profiting from that risk, and you failed to do so, as was an inherent possibility of said risk.

TL;DR Cry some more. They're never going to change it.

Official Representative of The Nullsec Zealot Cabal

TR4D3R4LT
Pator Tech School
Minmatar Republic
#18 - 2012-12-20 15:06:38 UTC
Hello good Sir/Madam,

I'm wealthy Nigerian prince who wants to buy VW Beetle from year 1967 for bazillion euros/dollars. Unfortunately my country very poor and cannot afford VW dealer. Will you kindly buy one for me from your local dealer for cheap price of one million euros/dollars. I promise to buy it from you as soon as banks open in my country. Please enclose details where payment due.

Thank you kindly.
Vilnius Zar
SDC Multi Ten
#19 - 2012-12-20 15:10:31 UTC
It looked to good to be true, and it was. A fool and his money.
Beckie DeLey
Garoun Investment Bank
Gallente Federation
#20 - 2012-12-20 15:12:06 UTC
TR4D3R4LT wrote:
Hello good Sir/Madam,

I'm wealthy Nigerian prince who wants to buy VW Beetle from year 1967 for bazillion euros/dollars. Unfortunately my country very poor and cannot afford VW dealer. Will you kindly buy one for me from your local dealer for cheap price of one million euros/dollars. I promise to buy it from you as soon as banks open in my country. Please enclose details where payment due.

Thank you kindly.


Hahaha, nobody could be stupid enough to fall for that!


EDIT: Oh wait.

My siren's name is Brick and she is the prettiest.

123Next pageLast page