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Market Scamming is an Exploit

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Author
Kalliel Egnald
Pator Tech School
Minmatar Republic
#1 - 2013-07-07 17:00:15 UTC
This is more of a discussion intended to plea my point of view and belief and see if others agree.

Margin Trading is a Skill which reduces the amount of Escrow required to be put up at the point of a Buy Order's Issuing. Thus allowing a player to place buy orders which exceeds his current wallet funds. Now this is a valid skill and Margin Trading is an actual economic thing which many players successfully play every day on the markets as they balance buying and selling so that their issued buy orders are filled upon their purchase.

However, this has opened up a method of conning players out of their isk known as 'Margin Scamming' where a player will issue a buy order that is grossly above the market average then emptying their wallets so that when ever some one tries to fill that buy order, the trade is cancelled simply because the player's wallet lacks the funds to fill the buy order. This scam is usually accompanied by using alts to provide the asked items, usually at an inflated price.

Now, i am not against scamming. Market and Player freedom are things which makes Eve great in my eyes. However, this 'scam' is using an exploit... That is exploiting the fact that a players wallet can never go into the Red. Because we can never accrue debt, orders that can not be filled are simply cancelled. Which means those that intentionally default on these buy orders are never charged, punished, or even put out by their actions.

I understand, however, that debt is something that would crush the standing Eve market because it would be a source of infinite isk as players would simply obtain billions upon billions in debt then throw that character away, never paying the accumulated debt back. So that is not a solution to this problem. Further more, Margin Trading is a valid method of market play allowing players to move mountains of assets and Isk liquidized in orders on the markets, so outright removing the ability is also not really an option.

However, i view this as an Issue which is required to be looked at as these players are Exploiting the Player Wallet in order to advance themselves above other at the expense of the inexperienced player.

Now before you go and say- 'You're whining because you got scammed' or something to that extent but probably in not so many words... I have never fell for Margin Scamming, And i am not one that thinks negatively about scamming because i believe that it is a valid way to play EvE as you're out-witting and out-playing others in the game. But it is just something that i have observe and have an adverse feeling towards because i believe that it is exploiting the game itself rather then praying upon and exploiting others, which is what EvE is all.

I would be intrested in hearing others feelings and thoughts on this matter.
so... what do you think?
Kithran
#2 - 2013-07-07 17:01:52 UTC
So how do you distinguish between someone trying the margin trade scam and someone using margin trading legitimately who simply has had as many sales as they were expecting?
Estella Osoka
Cranky Bitches Who PMS
#3 - 2013-07-07 17:04:48 UTC
You can scam people on the Eve Market???!!! I am soooo glad you told me about this!
Tippia
Sunshine and Lollipops
#4 - 2013-07-07 17:05:30 UTC
No. People not knowing what stuff is worth is not an exploit.
Destination SkillQueue
Doomheim
#5 - 2013-07-07 17:05:40 UTC
Feel free to file an exploit petition and expose these wrongdoers to CCP. Please post the results here.
Kalliel Egnald
Pator Tech School
Minmatar Republic
#6 - 2013-07-07 17:06:43 UTC
Kithran wrote:
So how do you distinguish between someone trying the margin trade scam and someone using margin trading legitimately who simply has had as many sales as they were expecting?


a better question is, Should we distinguish the two?
Defaulting is Defaulting.

intended or not, as it stands now, defaulting on buy orders just result in nothing negative at all.
Doc Fury
Furious Enterprises
#7 - 2013-07-07 17:09:35 UTC
Destination SkillQueue wrote:
Feel free to file an exploit petition and expose these wrongdoers to CCP. Please post the results here.



^^This

It does not matter what some random forum warriors think, it's up to CCP to determine if something is an exploit or not.



There's a million angry citizens looking down their tubes..at me.

Tippia
Sunshine and Lollipops
#8 - 2013-07-07 17:10:40 UTC
Kalliel Egnald wrote:
intended or not, as it stands now, defaulting on buy orders just result in nothing negative at all.
…and it protects both parties, so no-one loses. The buyer doesn't lose money he doesn't have and the seller does not lose the timers without getting paid.

So it's the same for both parties: nothing negative happens.
baltec1
Bat Country
Pandemic Horde
#9 - 2013-07-07 17:12:22 UTC
These things stick out like pink lighthouses on fire.

Kithran
#10 - 2013-07-07 17:17:37 UTC
Kalliel Egnald wrote:
Kithran wrote:
So how do you distinguish between someone trying the margin trade scam and someone using margin trading legitimately who simply has had as many sales as they were expecting?


a better question is, Should we distinguish the two?
Defaulting is Defaulting.

intended or not, as it stands now, defaulting on buy orders just result in nothing negative at all.


Because the whole point of the skill is to enable you to create orders while you lack the isk.
Kalliel Egnald
Pator Tech School
Minmatar Republic
#11 - 2013-07-07 17:23:19 UTC
Tippia wrote:
Kalliel Egnald wrote:
intended or not, as it stands now, defaulting on buy orders just result in nothing negative at all.
…and it protects both parties, so no-one loses. The buyer doesn't lose money he doesn't have and the seller does not lose the timers without getting paid.

So it's the same for both parties: nothing negative happens.


There is an argument in that.

utilizing this an exploit a player is capable of producing false or misleading information which can not be identified through any action other then trying to sell to that buy order.

There is no way to identify a factious buy order, and from the games perspective it is completely legit.

Mag's
Azn Empire
#12 - 2013-07-07 17:24:37 UTC
Sorry no. If you wish to invest in something, then you need to gather as much relevant information on the price of said item, before making that investment. Taking a buy order price as the true value for an item, is simply a very bad investment technique and not an exploit.

Destination SkillQueue:- It's like assuming the Lions will ignore you in the Savannah, if you're small, fat and look helpless.

Kalliel Egnald
Pator Tech School
Minmatar Republic
#13 - 2013-07-07 17:25:54 UTC
Kithran wrote:
Kalliel Egnald wrote:
Kithran wrote:
So how do you distinguish between someone trying the margin trade scam and someone using margin trading legitimately who simply has had as many sales as they were expecting?


a better question is, Should we distinguish the two?
Defaulting is Defaulting.

intended or not, as it stands now, defaulting on buy orders just result in nothing negative at all.


Because the whole point of the skill is to enable you to create orders while you lack the isk.


and there shouldn't be a consequence when you over reach the actual limitations of your wallet?
Mag's
Azn Empire
#14 - 2013-07-07 17:26:42 UTC
Oh and can we all point and laugh at you?

Not for falling for this, oh no. But for running to the forums thinking we would pat you on the back, agree and say how sorry we are.

Destination SkillQueue:- It's like assuming the Lions will ignore you in the Savannah, if you're small, fat and look helpless.

Tippia
Sunshine and Lollipops
#15 - 2013-07-07 17:31:29 UTC  |  Edited by: Tippia
Kalliel Egnald wrote:
utilizing this an exploit
What exploit?

Quote:
a player is capable of producing false or misleading information which can not be identified through any action other then trying to sell to that buy order.
No, he can't. Unless the buy order goes through, it does not affect the price history or any of the mechanics that rely on that data. Since the whole point is that the order doesn't go through, it doesn't affect anything.

Quote:
There is no way to identify a factious buy order
Sure there is: it's way overpriced and often set to match a recent contract spammed in local. Also, the sales history of the item makes this fake order stand out like a day-go thumb with bells on it.

If you actually intend to play the high-end module investment game, you need to gather your data. Failing to do so does not mean that the other party is exploiting.

Quote:
and there shouldn't be a consequence when you over reach the actual limitations of your wallet?
Since no-one gets hurt from it, no. The consequence is that you don't get the goods and that someone else steals the buy even though it should go to you. And as mentioned, the whole point of the skill is to let you over-reach.
Frostys Virpio
State War Academy
Caldari State
#16 - 2013-07-07 17:32:23 UTC
Kithran wrote:
Kalliel Egnald wrote:
Kithran wrote:
So how do you distinguish between someone trying the margin trade scam and someone using margin trading legitimately who simply has had as many sales as they were expecting?


a better question is, Should we distinguish the two?
Defaulting is Defaulting.

intended or not, as it stands now, defaulting on buy orders just result in nothing negative at all.


Because the whole point of the skill is to enable you to create orders while you lack the isk.


They could negwallet people and give them 30 days before interest starts kicking in in thier negative ISK. Prevent deleting character with a neg wallet just like you can't recycle neg-status character. Anyone using the amrgin trading skill to further thier power on the market would amke thier red isk back easyly withing the 30 period. The current guy abusing a skill to scam people would be stuck with a neg wallet after paying the other dude. People would then stop doing such stunt and the skill would be used the intended way all the time.

That of course, is ONLY if CCP deems a change necessary of course.
Alavaria Fera
GoonWaffe
#17 - 2013-07-07 17:33:14 UTC
Mag's wrote:
Oh and can we all point and laugh at you?

Not for falling for this, oh no. But for running to the forums thinking we would pat you on the back, agree and say how sorry we are.

Hah, running to general discussion for help.

Triggered by: Wars of Sovless Agression, Bending the Knee, Twisting the Knife, Eating Sov Wheaties, Bombless Bombers, Fizzlesov, Interceptor Fleets, Running Away, GhostTime Vuln, Renters, Bombs, Bubbles ?

Caerfinon
Caldari Provisions
Caldari State
#18 - 2013-07-07 17:34:40 UTC  |  Edited by: Caerfinon
Kalliel Egnald wrote:
a player will issue a buy order that is grossly above the market average


The *ONLY* reason this works is because the scammer exploits the mark's greed.

If you suspect it to be a margin trading scam then there are ways to "reverse the tables" on the scammer. see https://forums.eveonline.com/default.aspx?g=posts&t=91204

There is no default. The skill allows the player to arrange with the broker to post the buy bid with less than 100% capital. If there isn't enough capital available when the margin is called, then to opportunity to fill the bid is cancelled. The seller does not lose their inventory of goods, the buyer does not lose capital they do not have.

Your argument assumes facts not in evidence. There isn't an exploit in the wallet. You just think there should be.

Cheers C.

@Caerfinon - Twitter

Mag's
Azn Empire
#19 - 2013-07-07 17:35:48 UTC  |  Edited by: Mag's
Frostys Virpio wrote:
They could negwallet people and give them 30 days before interest starts kicking in in thier negative ISK. Prevent deleting character with a neg wallet just like you can't recycle neg-status character. Anyone using the amrgin trading skill to further thier power on the market would amke thier red isk back easyly withing the 30 period. The current guy abusing a skill to scam people would be stuck with a neg wallet after paying the other dude. People would then stop doing such stunt and the skill would be used the intended way all the time.

That of course, is ONLY if CCP deems a change necessary of course.
No they couldn't neg wallet people, because they did nothing wrong. Are you suggesting this rates the same as RMT?

Also it would be come a great way to make lots of ISK and break the game. Good move.

Destination SkillQueue:- It's like assuming the Lions will ignore you in the Savannah, if you're small, fat and look helpless.

Kalliel Egnald
Pator Tech School
Minmatar Republic
#20 - 2013-07-07 17:38:37 UTC
Mag's wrote:
Sorry no. If you wish to invest in something, then you need to gather as much relevant information on the price of said item, before making that investment. Taking a buy order price as the true value for an item, is simply a very bad investment technique and not an exploit.


you only say that because the current instances of this issue occurring are grossly inflated individual items which are hard to come-by or identify.

it is very easy to utilize this exploit to inflate the price of the market with no risk by producing a series of buy orders of competitive price margins across a wide area, none of which can be filled. Although i didn't wish to discuss the capability of using this exploit to litterally destroy the standing market-

Using this ability, i could create artificial demand which can never be filled, thus drastically altering the price of the standing market with absolutely no risk to myself or my wallet.

i could do this by issuing 20-30 individual buy orders across different points in space, Say, Abaddons which have a current buy order value of ~200 million isk and sell of ~210. i can artificially inflate the Abaddon's standing price buy and sell price to 220-230, all with out spending little more then the tax required to issue the buy orders.
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