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One giant pyramid...
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Rhodopsin Pserad
Ho Theos Geometrei
#1 - 2013-07-06 08:33:25 UTC
I love how this forum has nothing to do with the actual market and is just people asking for money promising fair returns were there some sort of contractual method in game to ensure functional financial services.

"Does the Eagle know what is in the pit, Or wilt thou go ask the Mole? Can Wisdom be put in a silver rod, Or Love in a golden bowl?"  "Above all, you can believe in Providence in either of two ways, either as thirst believes in the orange, or as the ass believes in the whip."
Zappity
New Eden Tank Testing Services
#2 - 2013-07-06 08:56:36 UTC
Collateral is a valid method, albeit not contractual.

Zappity's Adventures for a taste of lowsec and nullsec.
Rhodopsin Pserad
Ho Theos Geometrei
#3 - 2013-07-06 09:06:11 UTC
Zappity wrote:
Collateral is a valid method, albeit not contractual.


What did we learn from the last trillion stolen?

"Does the Eagle know what is in the pit, Or wilt thou go ask the Mole? Can Wisdom be put in a silver rod, Or Love in a golden bowl?"  "Above all, you can believe in Providence in either of two ways, either as thirst believes in the orange, or as the ass believes in the whip."
arabella blood
Keyboard Jihad
#4 - 2013-07-06 09:59:12 UTC
Rhodopsin Pserad wrote:
Zappity wrote:
Collateral is a valid method, albeit not contractual.


What did we learn from the last trillion stolen?


to have collateral?

Troll for hire. Cheap prices.

Rhodopsin Pserad
Ho Theos Geometrei
#5 - 2013-07-06 10:56:20 UTC
How on earth do you guarentee someone gives back collateral? Or is there a method to ensure this which has somehow eluded me? Eh, just sounds like something I wouldn't mess with - but I'm sure there are some who have had legitimate loans in the past. Collateral just sounds like a double-or-nothing bet.

"Does the Eagle know what is in the pit, Or wilt thou go ask the Mole? Can Wisdom be put in a silver rod, Or Love in a golden bowl?"  "Above all, you can believe in Providence in either of two ways, either as thirst believes in the orange, or as the ass believes in the whip."
Rhodopsin Pserad
Ho Theos Geometrei
#6 - 2013-07-06 11:15:41 UTC
arabella blood wrote:
Rhodopsin Pserad wrote:
Zappity wrote:
Collateral is a valid method, albeit not contractual.


What did we learn from the last trillion stolen?


to have collateral?


Eh, I guess to be fair the first few posts I ended up looking at were 11% interest kind offers without collateral. The 2% paid back in five months with the folks with ungodly amounts of ISK seems more along the lines of legitimate things.

"Does the Eagle know what is in the pit, Or wilt thou go ask the Mole? Can Wisdom be put in a silver rod, Or Love in a golden bowl?"  "Above all, you can believe in Providence in either of two ways, either as thirst believes in the orange, or as the ass believes in the whip."
Zappity
New Eden Tank Testing Services
#7 - 2013-07-06 11:40:06 UTC
Rhodopsin Pserad wrote:
Eh, I guess to be fair the first few posts I ended up looking at were 11% interest kind offers without collateral. The 2% paid back in five months with the folks with ungodly amounts of ISK seems more along the lines of legitimate things.


Exactly. This post explains it very well:

https://forums.eveonline.com/default.aspx?g=posts&m=599327#post599327

Zappity's Adventures for a taste of lowsec and nullsec.
Rhivre
TarNec
Invisible Exchequer
#8 - 2013-07-06 13:07:46 UTC
There are splurts where there are lots of loan requests (Usually just after an expansion), but there are also periods with market questions, although many people just hop into one of the ingame channels

Fluffy Bunny Pic!

Zappity
New Eden Tank Testing Services
#9 - 2013-07-06 21:29:52 UTC
Rhivre wrote:
There are splurts where there are lots of loan requests (Usually just after an expansion), but there are also periods with market questions, although many people just hop into one of the ingame channels


What are the best in game channels?

Zappity's Adventures for a taste of lowsec and nullsec.
Rhivre
TarNec
Invisible Exchequer
#10 - 2013-07-06 22:56:20 UTC
Well, I would (totally non biased ofc!) recommend the SCC-Lounge channel, and GMBA or Syndicate Rookie Trader (The last two are for people who might feel more comfortable not asking in the Lounge)

Fluffy Bunny Pic!

Zappity
New Eden Tank Testing Services
#11 - 2013-07-07 00:05:47 UTC
Thanks, good stuff.

Zappity's Adventures for a taste of lowsec and nullsec.
RubyPorto
RubysRhymes
#12 - 2013-07-08 02:28:33 UTC
Rhodopsin Pserad wrote:
How on earth do you guarentee someone gives back collateral? Or is there a method to ensure this which has somehow eluded me? Eh, just sounds like something I wouldn't mess with - but I'm sure there are some who have had legitimate loans in the past. Collateral just sounds like a double-or-nothing bet.


Trust in Chribba/Grendell/etc is the general way to ensure the collateral is appropriately administered.

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." -Abrazzar "the risk of having your day ruined by other people is the cornerstone with which EVE was built" -CCP Solomon
arabella blood
Keyboard Jihad
#13 - 2013-07-08 06:18:09 UTC
RubyPorto wrote:
Rhodopsin Pserad wrote:
How on earth do you guarentee someone gives back collateral? Or is there a method to ensure this which has somehow eluded me? Eh, just sounds like something I wouldn't mess with - but I'm sure there are some who have had legitimate loans in the past. Collateral just sounds like a double-or-nothing bet.


Trust in Chribba/Grendell/etc is the general way to ensure the collateral is appropriately administered.


Basicly, thats no answer, as OP says - what did we learn from the last trillion stolen?
So "trust", is where everything comes to an end eventually :)

Troll for hire. Cheap prices.

RubyPorto
RubysRhymes
#14 - 2013-07-08 07:19:38 UTC
arabella blood wrote:
RubyPorto wrote:
Rhodopsin Pserad wrote:
How on earth do you guarentee someone gives back collateral? Or is there a method to ensure this which has somehow eluded me? Eh, just sounds like something I wouldn't mess with - but I'm sure there are some who have had legitimate loans in the past. Collateral just sounds like a double-or-nothing bet.


Trust in Chribba/Grendell/etc is the general way to ensure the collateral is appropriately administered.


Basicly, thats no answer, as OP says - what did we learn from the last trillion stolen?
So "trust", is where everything comes to an end eventually :)


Chribba and Grendell make more from their reputation than they could by stealing what they have access to at any given time.

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." -Abrazzar "the risk of having your day ruined by other people is the cornerstone with which EVE was built" -CCP Solomon
arabella blood
Keyboard Jihad
#15 - 2013-07-08 08:04:47 UTC
Lol, that thinking exactly was present during eddie lamper and xabier, so what?

Troll for hire. Cheap prices.

RubyPorto
RubysRhymes
#16 - 2013-07-08 09:00:37 UTC
arabella blood wrote:
Lol, that thinking exactly was present during eddie lamper and xabier, so what?


Who?

Nobody (that I know of) said "they make more off their reputation than they could steal at any given time" of either Phaser or EBANK. Their (stated) business model, in fact, ensured the opposite.

Anyway, Chribba's been going strong for almost 10 years.

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." -Abrazzar "the risk of having your day ruined by other people is the cornerstone with which EVE was built" -CCP Solomon
arabella blood
Keyboard Jihad
#17 - 2013-07-08 09:53:56 UTC
RubyPorto wrote:
arabella blood wrote:
Lol, that thinking exactly was present during eddie lamper and xabier, so what?


Who?

Nobody (that I know of) said "they make more off their reputation than they could steal at any given time" of either Phaser or EBANK. Their (stated) business model, in fact, ensured the opposite.

Anyway, Chribba's been going strong for almost 10 years.


So its now depnds if you know prople like that or not?
People say that for example on SomerBlink, and look, theft has been there too What?

Have ever heard of the term "conception"?? I sound crazy now, but time will tell :)

Troll for hire. Cheap prices.

Bad Bobby
Bring Me Sunshine
In Tea We Trust
#18 - 2013-07-08 10:57:56 UTC
Rhodopsin Pserad wrote:
What did we learn from the last trillion stolen?

That anyone can claim to have stolen a trillion isk, actually doing it is another matter.

RubyPorto wrote:
Anyway, Chribba's been going strong for almost 10 years.

The best time to scam is AFTER you have all the isk and BEFORE you have put in a whole lot of work to earn it.

For Chribba that time has long passed. Now, if he was to scam, he would be selling his hard earned and unequalled reputation for a pittance. I don't know Chribba very well, but I do know he's not stupid.
arabella blood
Keyboard Jihad
#19 - 2013-07-08 11:34:39 UTC
Bad Bobby wrote:
Rhodopsin Pserad wrote:
What did we learn from the last trillion stolen?

That anyone can claim to have stolen a trillion isk, actually doing it is another matter.

RubyPorto wrote:
Anyway, Chribba's been going strong for almost 10 years.

The best time to scam is AFTER you have all the isk and BEFORE you have put in a whole lot of work to earn it.

For Chribba that time has long passed. Now, if he was to scam, he would be selling his hard earned and unequalled reputation for a pittance. I don't know Chribba very well, but I do know he's not stupid.


Its like people dont learn from history. This post doesnt have enough available chars to count all the times people betrayed life long trust.
You sir, sound rediculous with that optimistic statement. And forgive me on harsh words - are also a fool in eve as in real life.

Troll for hire. Cheap prices.

Daniel Plain
Doomheim
#20 - 2013-07-08 12:01:09 UTC
arabella blood wrote:
Bad Bobby wrote:
Rhodopsin Pserad wrote:
What did we learn from the last trillion stolen?

That anyone can claim to have stolen a trillion isk, actually doing it is another matter.

RubyPorto wrote:
Anyway, Chribba's been going strong for almost 10 years.

The best time to scam is AFTER you have all the isk and BEFORE you have put in a whole lot of work to earn it.

For Chribba that time has long passed. Now, if he was to scam, he would be selling his hard earned and unequalled reputation for a pittance. I don't know Chribba very well, but I do know he's not stupid.


Its like people dont learn from history. This post doesnt have enough available chars to count all the times people betrayed life long trust.
You sir, sound rediculous with that optimistic statement. And forgive me on harsh words - are also a fool in eve as in real life.

so if there exist more than 0 people who betrayed lifelong trust, this automatically disqualifies all people from being trustworthy? you know there have been people dying in car crashes, so you should never travel anywhere. ever.

I should buy an Ishtar.
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