Market Discussions

Not really many other ways to advertise in EVE, especially when you get attacked non-stop on the forums regardless of your intent. So while I'm trading I chuck out ads.

Please this is too funny Professor of Economics brand new toon already got ISK doubling in his profile looks decidedly like a tanned shaved headed McMorris declaring that this is indeed a legit venture.

Yeah, I'm sure he was trying to be helpful, but it really isn't the best commenter to see pop up on here.
All he said though is that the system appears to have a backend though, which you can verify yourself if you really want. There's no minimum limit, so you could post a transaction of 1 isk with a password and see the account system for yourself and verify what he stated.

I'm not entirely sure I follow. I assume you are saying I should just set up a whole bunch of APIs, hand over my details to a third party, pay them a fat fee for the pleasure and hope that existing investors passwords don't et leaked on the way, and all of that just to prove that I trade, which has zero impact on whether or not I am legit.

you know, its really quite simple.
You ask people to give you isk with the promise that you will return it to them + profit. awesome concept.
the problem is that you have been nothing but evasive from the start when it comes to matters such as collateral, audits, main verification etc. to make it all worse, you have been called out for being a scammer by a client, but then when Grendell offered to check your API (only one of the most trustworthy people in eve), you declined to let him verify your innocence, countering it with more evasiveness and ultimately indirectly questioning his trustworthiness. claiming that if you give up your API, an auditor would also have access to client passwords... I dont know how you're using your API but I think you're doing it wrong.
Anyway, no matter how hard you try holding up your puppy eyed defense, you're a scam until proven otherwise. No reason to be all butt-hurt about it.

Actually I've been very direct. There is no collateral and I will not submit myself to an audit or verification of my main at this time. I can't be more direct about that. People refusing to accept that doesn't mean I'm not being direct.

As for Grendell, that would be the equivalent of submitting for an audit, which I've declined. The scammer guy claims he didn't get his withdrawal under a day after the system was released, with a withdrawal turnaround time of 48 hours. It shouldn't take an audit to realise that the guy is talking out of his ass.

As for the API, it's explained on the website, so you have no issue calling me out when you haven't even looked at the site. When people transfer isk, they can supply an initial password with their deposit, which they can then change on the site after they've logged in. This allows the character to be verified to the account on the website without having to use verification codes or client API details, in a single step process.

I'll directly answer questions as long as they don't involve revealing my mains or or API keys. If you want to think it's a scam, fine, don't invest. But don't sit there hassling me because I don't want to pay for the privilege of stringing out my entire business to have it scrutinised only for the end result to be the usual copy-paste response where the third party can't guarantee anything.

At the end of the day though this is going to be a small business. It's not designed for the people who want to put billions on the line and need pages of references to do so. It's a consumer grade project to provide a service that has not existed in a legitimate form before. Looking at this thread I should probably have skipped it, since the response in game has been pretty positive with some investors involved and some interesting discussions about it already. It's not really a surprise that all the forum delivers is people trying to derail the business and attack me

I looked into and told you the specific problems I saw. And you still haven't addressed them. My biggest concern is that you're stating you can handle a 4% interest rate, but you are not clarifying how much in deposits your bank will accept. 4% of 100mil is a tiny sum, and most if not all pilots, are capable of paying the 4mil to use that 100mil. But, how far will you go? 4% of 1 trillion is a BIG difference from 100mil. If you plan to adjust the interest rate in relation to the bank's "float," then what's stopping you from taking on infinite deposits and quickly reducing the interest rate to nearly 0.0000%?

For me, and I'm not speaking for everyone else, my primary concerns are in the business model and structures. Because as it sits right now, they are unclear and almost nonexistent. So far, you've really only developed a plan to tax withdrawals at 1mil isk, which is terrible since you claim to be targeting small scale financial pilots. Why not tie the withdrawal tax to a percentage of the withdrawal? This is far more attractive to small scale investors. Aside from that, my secondary concerns are just the same as everyone else: You ARE being evasive.

You are trying to start a business while flatly refusing to make any sort of accommodations for your customers.

It doesn't even matter what you're running, that's just bad policy for attracting business and you can't afford that when you don't have any kind of brand recognition or anything else to make people want to go out of their way to use your service.

Welcome to MD. I weathered through the ****, and now that I look back on it, it was completely warranted. You have to think like an MD forum member, and consider your 'bank' is a business asking for a loan. You will be expected to jump through the same hoops as anyone else asking for an uncollateralized loan.

Ah, so it's everyone else's fault.