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my email to CCP about trade margin exploits.

Author
RomeStar
Caldari Provisions
Caldari State
#41 - 2012-12-20 18:51:41 UTC
Sarmea Moon wrote:
You even have the option of "ignoring" people who you think are scammers and never see another contract from them. .



Excellent now I just have to write your name down so I dont forget it. Now maybe if CCP implemented a credit rating that is attached to your pilot so if you dont have the isk to fill the buy order your credit rating drps similar to a credit card and you pay a higher fine each time you do it.

Signatured removed, CCP Phantom

Tesal
#42 - 2012-12-20 19:12:54 UTC
Margin scams usually have the minimum number of items you can sell to them set at a high number. Thats the easiest way to spot them.
Eram Fidard
Doomheim
#43 - 2012-12-20 19:21:13 UTC
option 1: Post 1000th topic on whiny subject on forums, and when confronted with one's own ignorance, get even whinier.


option 2: Learn from one's mistakes and take advice from others.


hrrrrrm



HRRRRRRRrrrrrrmmmmmmm

Poster is not to be held responsible for damages to keyboards and/or noses caused by hot beverages.

Doddy
Excidium.
#44 - 2012-12-20 19:28:57 UTC
solution - if it looks too good to be true it probably is.
Grimpak
Aliastra
Gallente Federation
#45 - 2012-12-20 19:30:46 UTC
oh please, not a margin trading scam thread again. this **** has been debated to death, flogged like a dead horse, brought back to life and debated to death yet again so that it would be beaten like a dead horse.

[img]http://eve-files.com/sig/grimpak[/img]

[quote]The more I know about humans, the more I love animals.[/quote] ain't that right

Lady Spank
Get Out Nasty Face
#46 - 2012-12-20 19:42:54 UTC
Jealousy Asques wrote:
So there's alot of pricks that want to put in their useless $.02. Fine.

Also, if you'd notice, I said that I did not fall for this. I almost did. [/i] The real issue here is that it hurts the trading market for high end items. You can't make a living trading them. You can sell what you come by thru pve etc, but you can't play the market with them.

Please keep it civil, thank you. -ISD Dorrim Barstorlode


Firstly, thanks for your own useless $0.2 Lol

Secondly. You don't know a thing about how to work the market to your advantage. All you are asking for is for CCP to fix Lazy and Stupid people from being Lazy and Stupid; this is not something you can fix.

(ಠ_ృ) ~ It Takes a Million Years to Become Diamonds So Lets Just Burn Like Coal Until the Sky's Black ~ (ಠ_ృ)

Arduemont
Rotten Legion
#47 - 2012-12-20 19:47:52 UTC
I usually don't agree with people trying to make Eve softer. But the margin trading scam is pretty stupid.

"In the age of information, ignorance is a choice." www.stateofwar.co.nf

James Amril-Kesh
Viziam
Amarr Empire
#48 - 2012-12-20 19:49:43 UTC
Arduemont wrote:
I usually don't agree with people trying to make Eve softer. But the margin trading scam is pretty stupid.

So don't be stupid and fall for it.

Enjoying the rain today? ;)

Maxpie
MUSE LLP
#49 - 2012-12-20 20:00:17 UTC
Yet another issue that would largely sort itself out if there were no alts.

No good deed goes unpunished

RomeStar
Caldari Provisions
Caldari State
#50 - 2012-12-20 20:17:15 UTC
Sarmea Moon wrote:
as your post "this can only be used for scamming and has no legit purpose" has already shown:P


LOL I hope you dont manufacture aswell as you read please reread my post so you dont look like a complete idiot here whoops too late. As for your corp history and how elite you are I could give a F*^$. You could be the most powerful indy corp in the game but ask me if I care dont worry I dont. I love when people try to show up other players up by going to there corp history and stating look how long I have been here I am elite so dont make fun of me on the forums LMAO. Trust me I dont give a $hit about you but atleast you made yourself look like a fool by bragging about your corp history. Im trying to think of that word that describbes a person who is full of themselves what is that please someone.........thats right pompous.

Signatured removed, CCP Phantom

Call Rollard
Caldari Provisions
Caldari State
#51 - 2012-12-20 20:23:14 UTC
Welcome to EVE.

I think really there should be a way to see who is putting buy orders up and sell orders before we buy it because currently we can only see who put it up after buying it.

But Margin Trading Scam is easy to avoid if you use EVE-Central and do research around. Margin Trading Scam isn't an exploit it's part of EVE.
Alaekessa
Matari Combat Research and Manufacture Inc.
#52 - 2012-12-20 20:40:22 UTC
Darenthul wrote:
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 agree, I'd love to be able to have actual marketing of /my/ corporate products. TBH, I feel it should be a part of a full revamp of invention. Invention shouldn't be a craps shoot, if I have successfully invented something before, I should be able to reliably replicate my previous successes. The only time there should be a chance for failure with invention is if I try to change/improve my currently successful schema.

On Topic: Suck it up, Margin Trading is a part of Eve, you crying about it isn't going to change it. Either avoid the market with wholesaling via contracts or perpetrate the Margin Trading "scam" on others and profit from their stupidity.
Sarmea Moon
Aliastra
Gallente Federation
#53 - 2012-12-20 20:49:28 UTC
RomeStar wrote:
Sarmea Moon wrote:
as your post "this can only be used for scamming and has no legit purpose" has already shown:P


LOL I hope you dont manufacture aswell as you read please reread my post so you dont look like a complete idiot here whoops too late. As for your corp history and how elite you are I could give a F*^$. You could be the most powerful indy corp in the game but ask me if I care dont worry I dont. I love when people try to show up other players up by going to there corp history and stating look how long I have been here I am elite so dont make fun of me on the forums LMAO. Trust me I dont give a $hit about you but atleast you made yourself look like a fool by bragging about your corp history. Im trying to think of that word that describbes a person who is full of themselves what is that please someone.........thats right pompous.



1) YOU are the one who brought corp in it. I see why no legit corp will have you.

2) Re-reading, re-reading, yep- you post still says " I don't know anything about trading and manufacturing but feel the need to state that anyone using margin trading must be a scammer". Fixing it means taking out the margin trading skill entirely, requiring full funding for every order, and hurting industry - because you need to be protected from yourself.

3) Let me check my transaction logs- I'm pretty sure you sold me a boatload of ore in Tar/Tarta or Masalle for a 30% discount... in which case, thanks for the profit:D

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

TR4D3R4LT
Pator Tech School
Minmatar Republic
#54 - 2012-12-21 02:57:04 UTC
Maxpie wrote:
Yet another issue that would largely sort itself out if there were no alts.


You mean same way having RL credit card details as your nametag instead custom made name prevents trolling and doesn't lead to whole different can of worm called breach of privacy in EULA?

"Seriously", I find it tad insulting that you think people doing market operations to be "alts." By any definition I'm the person pulling most money out of the trio, if anything I have alts that I now and then run around lo-sec tossing cheap fit laser feroxes and other such shenigan to enemy fire. It's not that alt that makes it possible, it's me with my hard work bringing money in from harsh competitive environment that is 0.01 isk trading. Same can be said for most "market" persons running operations, by definition of who is the "generator" of the trio, it's the market character, he brings the bread and butter to the table while kids come to just eat from it. I've many times thought about shedding the two useless bastards but since CCP doesnt yet offer isk for character transfer, I've been unable to accomplish this, I do hope we will get plex for transfer soonish so I can show the two ungrateful bastards who's the true lord in the house.

But please, do enlighten us how you propose to solve this thing so nobody is able to have alt? Perhaps tie it down to one character per account and one account/ip? What about those connecting from campuses that usually share same IP? What about people proxying their connection to run second alt past this "totally secure IP locked alt thingymajingy?" Or perhaps make internal affairs II division to CCP, that hunts and checks through people's isk, contract and item transfers, cross checking them with RL IP information in addition traveling to player locations and taking DNA samples from various players in hopes to finding who pretends to be who?

ihcn
Life. Universe. Everything.
#55 - 2012-12-21 02:59:46 UTC
How much money did you lose OP? I love margin trade scamming, I've made billions off of it.
Santa Spirit
Christmas Spirit and Goodwill Toward Man
#56 - 2012-12-21 12:02:00 UTC  |  Edited by: Santa Spirit
I fell for one of these before I even knew about margin trading.

A contract with something I wanted, and some things I didn't, over priced but what the hell, there's a buy order up, so, I'll just sell the things I didn't want and i'll come out ok on the thing i did want.

click sell this item, buyer wants 10 units, hmmmmm well there are some on the market for sale, do the math, still not bad for the item I wanted, so, buy the 2 more I needed and click sell this item, ok... WTF?, no sale, buy order vanishes?

Petiton = Margin trading (and a short explanation) & working as intended, seller fined 10%, ect ect.

I STILL keep those 10 items in my hangar every day to remind me.

Now before I close with the "It happened, learn from it and move on" comment, the same basic thing can happen in real life trading, you weren't the first and you won't be the last.

So with as much compassion and understanding as I can possibly give you and I DO feel for you, "It happened, learn from it and move on".

o/
Santa

Please come join the fun Dec 14th., 2017 Find the details [HERE] when the post is made

RomeStar
Caldari Provisions
Caldari State
#57 - 2012-12-21 13:24:00 UTC
Sarmea Moon wrote:
Let me check my transaction logs- I'm pretty sure you sold me a boatload of ore in Tar/Tarta or Masalle for a 30% discount... in which case, thanks for the profit:D



Yeah I dont sell my ore I actually refine the ore but if it makes you feel better sure I sold you ore at 30% below market value.

Signatured removed, CCP Phantom

Katran Luftschreck
Royal Ammatar Engineering Corps
#58 - 2012-12-21 15:47:32 UTC  |  Edited by: Katran Luftschreck
Simple Solution:

Replace "Margin Trading" with "Layaway."

Allows buyer to purchase things without all ISK, blah blah blah. However, items purchased in this way go into reserve and cannot be pickup up by the buyer until the item has been paid in full. Items can remain in reserve for up to seven days. If not paid for in time then the item is returned to the original owner and the purchaser's ISK is refunded minus a 10% handling fee paid to the seller.

http://youtu.be/t0q2F8NsYQ0

TR4D3R4LT
Pator Tech School
Minmatar Republic
#59 - 2012-12-21 16:13:21 UTC
Katran Luftschreck wrote:
Simple Solution:

Replace "Margin Trading" with "Layaway."

Allows buyer to purchase things without all ISK, blah blah blah. However, items purchased in this way go into reserve and cannot be pickup up by the buyer until the item has been paid in full. Items can remain in reserve for up to seven days. If not paid for in time then the item is returned to the original owner and the purchaser's ISK is refunded minus a 10% handling fee paid to the seller.



So let's see example how this handles.

I place item X, let's say sarum magnate, to buy order with this Layaway. 100 sarum magnates for 1bil isk/each, min 10 units. Then I bleed it out so only one buy order of 10 remain and setup those 10 sarum magnates with prices varying from 400 mil to 900 mil.

Now person Z, comes in, sees "omfg quick 4 bil moneymoney" and buys those sarum magnates from my setup buy orders, totaling variable amount but let's say 10 magnates for 6 bil. He then tries to sell it to me for 10 bil but they go to "reserve" from where I dont pick them up, either because I have bled the toon dry of isk (in case of automatic pickup) or just dont accept (in case of manual.) At the end of grace perioid of 7 days Z receives his 10 magnates back + 10% handling free totaling 100 mil/each. End result is Z loses only 5 bil instead of 6 and what's more, cant return his investment for 7 days when the material is (ransomed) in reserve. Depending variable amounts of scam sell order and buy order amounts Z might receive more or less back, either way it will be below the total value of his purchase.

Now feel free to replace sarum magnate with say Kruul's dna or anything else and you might see why this "simple solution" is not solution at all since problem doesn't lie in the margin trading skill or buy order, it lies in the "ability of players to buy crossly overpriced stuff" part of the deal. Unfortunately that's also part of freedom of capitalism, you're free to sell anything at any price you want and in turn buy anything that's available, even if it hurts you.
Tippia
Sunshine and Lollipops
#60 - 2012-12-21 16:28:04 UTC
Jealousy Asques wrote:
This is a serious exploit that needs to be addressed.
Not really, no, since there is no exploit.

The margin-trade scam relies in the victim not taking care to learn the proper market value of the goods the scammer is trying make him buy. The solution to this is for the victim to take care to learn the proper market value of the goods he wants to invest in. If it's a rare enough item, set up your own trade to ensure it's legit.

The vast majority of margin-trade scams are eye-poppingly obvious. The rest are cases where the scammer has put some effort in to really hide his tracks, in which case he has deserved any catch he pulls off.