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Writing Checks they cant cash.....

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Sable Moran
Moran Light Industries
#21 - 2013-09-08 07:14:36 UTC  |  Edited by: Sable Moran
You know I have this knife and I can do all kinds of stuff with it, slice bread, carve a boat out of bark, make a whistle out of a branch of a willow tree, make some kindling, cut a rubber hose. I can also carve the eyes of someone from theirs sockets with it. You're saying that we should ban knives because of that one bad thing. Silly.

Oh and one more thing, just because you use UPPER CASE a lot does not make you post any less full of drivel.

Sable's Ammo Shop at Alentene V - Moon 4 - Duvolle Labs Factory. Hybrid charges, Projectile ammo, Missiles, Drones, Ships, Need'em? We have'em, at affordable prices. Pop in at our Ammo Shop in sunny Alentene.

Zor'katar
Matari Recreation
#22 - 2013-09-09 11:25:57 UTC  |  Edited by: Zor'katar
SOL Ranger wrote:
As I see It this can be solved by making any escrow to be dependently shared among buy orders.

Escrow rules:
  • A buy order can never be set unless the resulting total amount in escrow covers its value fully.
  • When total escrow is going below the value of a buy order your account(wallet) is charged to cover it.
  • Failing to cover the attempted charge any buy order which is not covered by total escrow will be immediately removed the very moment this is true.

  • One important result from this is, the highest buy order will always be the limiting factor, thus you will only engage in business on a level you can actually afford to do business in.

    +1 for this, though the rest of the post seems unnecessary.
    Lady Trade
    New Eden Trading Inc.
    #23 - 2013-09-10 13:01:10 UTC  |  Edited by: Lady Trade
    .
    Lady Trade
    New Eden Trading Inc.
    #24 - 2013-09-10 13:01:44 UTC  |  Edited by: Lady Trade
    .
    virm pasuul
    Imperial Academy
    Amarr Empire
    #25 - 2013-09-10 14:10:27 UTC  |  Edited by: virm pasuul
    Some simple solutions:

    Change the colour of buy orders where insufficient funds exist to cover the purchase to red.
    Straight away it obvious something is up with that particular buy order. Anyone asking why in local, corp etc would find out very quickly.

    Also it's my understanding that the skill used only covers a percentage of the deposit. Say for example 80% at level 5 ( that's probably too high ). So another solution would be if your buy order fails due to insufficient funds then you forefit a portion of the funds you did deposit to the seller without the seller giving you the goods.

    Using my made up numbers of : the skill at 5 reducing the deposit by 80%, and choosing a default penalty of 50% this is how a typical market trading scam would look now.
    Buy order for 1 billion costs 20% ( 100%-80% ) to put up ( ignoring fees for simplicity ).
    = 200 million deposit.

    Another player comes along and tries to sell the requested item. Sale fails due to insufficient funds.
    Seller ( who is the victim under current rules ) gets 50% of the deposit = 100Million simply transferred to their wallet.
    Scamming buyer gets the remainder 100M refunded.
    The buy order is cancelled and removed automatically straight away ( to stop it being repeatedly milked ).
    Item does not change hands.

    This scam type would simply stop overnight.

    To minimise the impact on genuine traders you could do a few things:
    The rule only comes into effect for buy orders over a certain value, say 500 millionish - or choose a different number.
    The penalty could be capped at any amount - even a low amount around 10 million would hurt the scammers.

    Add the two together - red font for insufficient funds in the buy order lsitings, and an ISK penalty for a failed buy order and the scam would no longer be viable.
    virm pasuul
    Imperial Academy
    Amarr Empire
    #26 - 2013-09-10 14:21:22 UTC
    There is one other subtle advantage to my penalty idea above.

    Currently it's the less well informed who are likely to fall for the market trading scam. They purchase some purple piece of junk at a vastly inflated price - bought from a sell order set up by the scammer - because of an even more inflated buy order also set up by the scammer. The victim believes the difference between the two orders will give them a hefty profit, instead they end up with junk that they paid well over the odds for.

    Penalising fake buy orders by losing part of the buy order deposit to the seller will allow anyone who has one of those bits lying around to take money from the scammer and close the fake order down. It will be in the community's interest to earn free money by trying to sell one of the item in question, the sale failing and them getting a chunk of the deposit.

    My point is that those in the know who can spot a market trade scam, currently just ignore it. May or may not help someone asking in local about it. If there was free money to be had ( item notwithstanding of course ) they then get paid to shut the scam down, and remove it from the market listings.
    Varactyl Charante
    The Scope
    Gallente Federation
    #27 - 2013-09-12 22:49:53 UTC
    I think the real problem we aren't addressing here is that the Republic Fleet is selling the Astronautics Skillbook for 400k near Hek. That's a real travesty.

    I'm sorry to whoever had the hostage, but I may have just sawed them in half.

    RubyPorto
    RubysRhymes
    #28 - 2013-09-12 23:49:04 UTC
    virm pasuul wrote:
    Currently it's the less well informed who are likely to fall for the market trading scam.


    Yes, people who refuse to look at the readily available information on the investment they're considering often lose money on that investment. News at 11.


    In addition to creating an infinite ISK fountain (the result of your proposal acting on an order whose escrow has been depleted), your proposal would simply penalize lower NAV marketeers (i.e. the people for whom the skill is most important) by arbitrarily charging them large sums of money when they are unable to perfectly predict future market events.


    When you try to sell to a buy order and it fails for whatever reason, what, exactly, have you lost that you should be compensated for?
    You haven't lost any ISK.
    You haven't lost the item.

    "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

    virm pasuul
    Imperial Academy
    Amarr Empire
    #29 - 2013-09-13 10:21:41 UTC
    No ISK faucet at all.
    The fine is paid out of and deducted from the deposit initially put up by the buyer.
    Also the buy order is cancelled upon failing - preventing repeated deliberate milking.

    When a buy order fails nothing has been lost, unless some less weary player bought some junk at a hugely inflated price precisely because the buy order led them to believe they could make a quick profit.
    Also if a player has spent time and effort getting the good together, shipping them, then they are out of pocket - money and effort.

    If you want to argue that falling for the scam is the penalty for being less aware of what's going on combined with greed then I would accept that as valid. If you want to argue that it shouldn't be changed because it would interfere with a valid scam tactic and scamming is a part of eve then I would accept that too. But I do find it disingenuous to look at a failed buy order in isolation, especially when we are discussing them in the context of the scam and pretend there's nothing going on. You're obviously not stupid, so I can only assume that little bit of crooked thinking on your behalf is you trying to protect a vested interest.
    If you want to argue that it's a valid scam tactic and shouldn't be changed because it would interfere with a existing gameplay then do so.

    Your middle point has the most merit - low skill means higher up front deposits and greater losses on a buy order fail.
    Maybe use the skill level to determine the ISK fine on fail as a percentage?
    e.g fine on fail = ( (skill level -1 ) *5 ) percent of the deposit..
    This would give fines of:
    Skill Fine % of deposit
    0 0 ( Already hard coded in by game mechanics - ignores formula above )
    1 0
    2 5
    3 10
    4 15
    5 20

    That's only example numbers, for illustration. Obviously CCP would play with and use their own numbers.

    Alternatively remove the fine completely if a character has completed trades over a certain threshold over the last 30 days.
    Or divide total value of all items sold by total qty of item sold for the selling character in the last xxx days to spot those characters specialising in low quantity high value items - and only apply it to them.
    Salpad
    Carebears with Attitude
    #30 - 2013-09-16 06:33:10 UTC
    Goldiiee wrote:
    Wouldn't it be simpler to make it similar to the T3 skills, every time a margin order fails the character loses one level of margin trading skill, failure of 5 market orders causes the removal of the skill from your Training Queue. Heck you want to be really vindictive then make it after the skill is removed 'Remedial Margin Trading' (New skill) must be trained and make it a 16X skill.


    I think it's too dangerously likely for legimate traders to suffer skill loss, if their Orders just happen to b buying much faster than expected, and slling much slower than expected, while logged out of the game.

    However, there's a fix for that:

    Instead of the Margin Trading skill being guaranteed to drop one skill level, it instead should have a probability chance of dropping by 1. A high chance of the "escrow default" was extremely large, and a very low chance of the "escrow default" was very small. That means that legimate traders only really risk a 0.5% or 1% chance of dropping Margin Trading from 5 to 4, if they're careless, while margin scammers will suffer punitive skill level drops.
    Salpad
    Carebears with Attitude
    #31 - 2013-09-16 06:37:04 UTC
    virm pasuul wrote:

    Also it's my understanding that the skill used only covers a percentage of the deposit. Say for example 80% at level 5 ( that's probably too high ). So another solution would be if your buy order fails due to insufficient funds then you forefit a portion of the funds you did deposit to the seller without the seller giving you the goods.


    I believe the correct figuer is 76%. Or 24%, depending on what side you look at it from.
    RubyPorto
    RubysRhymes
    #32 - 2013-09-16 06:50:28 UTC  |  Edited by: RubyPorto
    virm pasuul wrote:
    No ISK faucet at all.
    The fine is paid out of and deducted from the deposit initially put up by the buyer.
    Also the buy order is cancelled upon failing - preventing repeated deliberate milking.


    You can deplete the escrow from orders without running over and causing the order to fail. Meaning that any fine sends the wallet into the negatives. Sending ISK that sends a wallet negative into someone else's wallet causes an ISK fountain. Putting control of that process into player hands makes it infinite. Q.E.D.

    Quote:
    When a buy order fails nothing has been lost, unless some less weary player bought some junk at a hugely inflated price precisely because the buy order led them to believe they could make a quick profit.
    Also if a player has spent time and effort getting the good together, shipping them, then they are out of pocket - money and effort.


    You lost money when you bought the junk. You lost the money when you spent the ISK and time shipping things. In other words, you lost the money when you didn't bother to do your research before investing into a market. The Margin trade skill has nothing to do with your loss.

    Quote:
    You're obviously not stupid, so I can only assume that little bit of crooked thinking on your behalf is you trying to protect a vested interest.

    http://en.wikipedia.org/wiki/Poisoning_the_well


    Quote:
    Alternatively remove the fine completely if a character has completed trades over a certain threshold over the last 30 days.
    Or divide total value of all items sold by total qty of item sold for the selling character in the last xxx days to spot those characters specialising in low quantity high value items - and only apply it to them.


    So penalize marketeers specializing in niche items? Or penalize marketeers who favor long holding positions?

    virm pasuul wrote:
    When a buy order fails nothing has been lost

    What is the problem that you're trying to fix? The "margin trade" scam is over once you've bought the items. Your failure to turn around and sell them at an inflated price is irrelevant.

    "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

    Logical Chaos
    Very Italian People
    The Initiative.
    #33 - 2013-09-16 10:32:58 UTC
    virm pasuul wrote:
    Some simple solutions:

    Change the colour of buy orders where insufficient funds exist to cover the purchase to red.
    Straight away it obvious something is up with that particular buy order. Anyone asking why in local, corp etc would find out very quickly.

    Also it's my understanding that the skill used only covers a percentage of the deposit. Say for example 80% at level 5 ( that's probably too high ). So another solution would be if your buy order fails due to insufficient funds then you forefit a portion of the funds you did deposit to the seller without the seller giving you the goods.

    Using my made up numbers of : the skill at 5 reducing the deposit by 80%, and choosing a default penalty of 50% this is how a typical market trading scam would look now.
    Buy order for 1 billion costs 20% ( 100%-80% ) to put up ( ignoring fees for simplicity ).
    = 200 million deposit.

    Another player comes along and tries to sell the requested item. Sale fails due to insufficient funds.
    Seller ( who is the victim under current rules ) gets 50% of the deposit = 100Million simply transferred to their wallet.
    Scamming buyer gets the remainder 100M refunded.
    The buy order is cancelled and removed automatically straight away ( to stop it being repeatedly milked ).
    Item does not change hands.

    This scam type would simply stop overnight.

    To minimise the impact on genuine traders you could do a few things:
    The rule only comes into effect for buy orders over a certain value, say 500 millionish - or choose a different number.
    The penalty could be capped at any amount - even a low amount around 10 million would hurt the scammers.

    Add the two together - red font for insufficient funds in the buy order lsitings, and an ISK penalty for a failed buy order and the scam would no longer be viable.


    Or you just use common sense and do not buy items on the market/contracts that will be filled to a buy order that is highly overvalued and has a minimum item quantity. Simple as that.
    Lord LazyGhost
    Sebiestor Tribe
    Minmatar Republic
    #34 - 2013-09-16 11:00:30 UTC
    or you could just remove margin trading from the game all together. problem fixed done dusted thanx i am here all day
    Elvis Preslie
    NRDS Securities
    #35 - 2013-09-16 12:00:53 UTC  |  Edited by: Elvis Preslie
    Khoul Ay'd wrote:
    Elvis Preslie wrote:
    ... you're KILLING THE SYSTEM. NO ONE WANTS TO DO ANY TRADE IN THE GAME BECAUSE THEY CANT TRUST THE GAME...


    Funny, I've been buying and selling all week. Oh, and I've never run a margin trading scam.


    Neither have I because i know of it but it also keeps me from relying on any of the buy orders to try to fill them THE REASON IT KILLS THE SYSTEM = WHAT I JUST SAID!!!

    idiots


    I cant put up a buy order for something rarely traded, to try to boost it, because people think like you and I do, well they dont think as logically as me.

    for all i know, you're trying to defend your illegitimate use of this, as in you being one of the culprits
    Elvis Preslie
    NRDS Securities
    #36 - 2013-09-16 12:06:17 UTC  |  Edited by: Elvis Preslie
    Sable Moran wrote:
    You know I have this knife and I can do all kinds of stuff with it, slice bread, carve a boat out of bark, make a whistle out of a branch of a willow tree, make some kindling, cut a rubber hose. I can also carve the eyes of someone from theirs sockets with it. You're saying that we should ban knives because of that one bad thing. Silly.

    Oh and one more thing, just because you use UPPER CASE a lot does not make you post any less full of drivel.



    I put things uppercause sometimes to try to help people understand the logic they ignore or lack. People are ignorant because they IGNORE the truth or facts, fearing to read it or understand it. They're scared of having an epiphany; when so scared, they even go as far as trying to refute the truth in an attempt to justify their ignorance.

    how about I write you a check and then take the money out of the account. it then would be karma for people to say the same thing to you, after you start "driveling" as you call it.

    If you dont think this is wrong PLEASE give me an item number of something you're selling on ebay and then we'll see what you have to say.

    It disguists me how people have something against what someone says, not because of what the person said, but because of how the person LOOKS that said it or how they said it.

    Adding you to the scammer list, as you're probably trying to keep marging trading how it is because of you using it illegitimately.
    RubyPorto
    RubysRhymes
    #37 - 2013-09-16 13:01:43 UTC  |  Edited by: RubyPorto
    Elvis Preslie wrote:
    how about I write you a check and then take the money out of the account. it then would be karma for people to say the same thing to you, after you start "driveling" as you call it.


    If only margin trading gave the buyer the item without paying the seller the money, that would be a valid comparison.

    Elvis Preslie wrote:
    If you dont think this is wrong PLEASE give me an item number of something you're selling on ebay and then we'll see what you have to say.


    Good to see you're keeping EVE and the real world well differentiated... Roll

    Quote:
    It disguists me how people have something against what someone says, not because of what the person said, but because of how the person LOOKS that said it or how they said it.

    Adding you to the scammer list, as you're probably trying to keep marging trading how it is because of you using it illegitimately.


    Quote:
    It disguists me how people have something against what someone says, not because of what the person said, but because of how the person LOOKS that said it or how they said it.


    "I hate people who try to poison the well with baseless accusations"

    "Pay no attention to the bucket of cyanide I'm dropping in the watering hole"

    "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

    virm pasuul
    Imperial Academy
    Amarr Empire
    #38 - 2013-09-16 14:50:05 UTC
    OK so I think I get your point now.
    My original idea is very simply adapted by making the fine a percentage of the REMAINING escrow, or capping it at the remaining escrow amount.
    Agreed nothing should be allowed to go negative - but I think that could have been taken as a given by any honest thinker. I very much feel your average individual would have understood and assumed you couldn't get out more than you put in. That any proposal in the event that it would ever get implemented would be adjusted by CCP as they saw fit to make it water tight.

    You throw around poisoning the well, yet you'll nit pick a very fine point deliberately choosing to snag on it, rather than be constructive, obstructive seems to be your preferred choice.And you might want to read that link you posted about poisoning the well, I think perhaps it does not mean what you think it means. Saying you are clearly not stupid, is a far stretch from poisoning the well - it acknowledges that you have reasoned well, and that your objections have merit.
    You are however quite clearly a crooked thinker, who prefers sly and deceptive over constructive.

    As I've stated before I'd happily entertain the argument that scamming is a part of eve, it may even be possible to argue that there aren't enough mechanisms in Eve for scammers. Yes people should do research, but this type of market scam is one of the more subtle. False buy orders are a part of this scam and it's one of the few ( only? ) instances where the CCP game interface actually gives you misleading information.

    Without the fake buy order - no-one would fall for the overpriced sell order. The two are integral.

    To be honest I enjoy that Eve is the one game where players do actually have to keep their wits about them. Some of the cleverer scams take work and imagination. This probably is one of the less obvious scams, but I'm not keen that the game interface providing misleading information is part of it.
    RubyPorto
    RubysRhymes
    #39 - 2013-09-16 15:29:30 UTC  |  Edited by: RubyPorto
    virm pasuul wrote:
    OK so I think I get your point now.
    My original idea is very simply adapted by making the fine a percentage of the REMAINING escrow, or capping it at the remaining escrow amount.
    Agreed nothing should be allowed to go negative - but I think that could have been taken as a given by any honest thinker. I very much feel your average individual would have understood and assumed you couldn't get out more than you put in. That any proposal in the event that it would ever get implemented would be adjusted by CCP as they saw fit to make it water tight.


    I critique what I have in front of me. You made a proposal, I pointed out a flaw.

    Now you're implying that I'm a dishonest thinker for not editing your proposal for you.

    Quote:
    You throw around poisoning the well, yet you'll nit pick a very fine point deliberately choosing to snag on it, rather than be constructive, obstructive seems to be your preferred choice.And you might want to read that link you posted about poisoning the well, I think perhaps it does not mean what you think it means. Saying you are clearly not stupid, is a far stretch from poisoning the well - it acknowledges that you have reasoned well, and that your objections have merit.
    You are however quite clearly a crooked thinker, who prefers sly and deceptive over constructive.


    For anyone to be constructive in solving a problem, there first has to be a problem. Nobody's bothered to explain what exactly the problem with the Margin Trading skill is.

    There's been a lot of bleating about somehow deserving to automatically sell things at above market value prices just because you bought from an overpriced order, but no explanation of who exactly gets harmed by a buy order failing, or what's special about buy orders disappearing due to an escrow failure rather than being beaten to the deal.

    But hey, there's that attempt to poison the well again, to disguise the fact that you can't put together a cogent rebuttal. (Hint: It's not the calling me smart that's poisoning the well. It's the implication, which you just repeated, that I have an untoward interest in the subject.)

    Quote:
    As I've stated before I'd happily entertain the argument that scamming is a part of eve, it may even be possible to argue that there aren't enough mechanisms in Eve for scammers. Yes people should do research, but this type of market scam is one of the more subtle. False buy orders are a part of this scam and it's one of the few ( only? ) instances where the CCP game interface actually gives you misleading information.

    Without the fake buy order - no-one would fall for the overpriced sell order. The two are integral.


    You should see the new model of this scam then, an overpriced WTB contract for a Officer whatever and a T2 BPO. No Margin skill needed. Someone buys the officer whatever and T2 BPC and whoops.

    The Interface actually gives no misleading information. People do tend to misinterpret what a buy order actually is, but that's their problem, not the interface's.

    Quote:
    To be honest I enjoy that Eve is the one game where players do actually have to keep their wits about them. Some of the cleverer scams take work and imagination. This probably is one of the less obvious scams, but I'm not keen that the game interface providing misleading information is part of it.


    The game interface provides all the information needed to clearly identify and avoid this scam. This information is presented in a way that guarantees that it's been presented to anyone who does their normal due diligence before investing in an item. What more do you want?

    "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

    Kitty Bear
    Deep Core Mining Inc.
    Caldari State
    #40 - 2013-09-21 21:51:28 UTC
    Elvis Preslie wrote:
    The margin trading skill is a good idea but ONLY if implemented correctly.


    As a business fiscal management stratagem, it's used in the real world.

    In the end eve is just a game, but it also follows the "caveat emptor" philosophy.
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