Market Discussions

To me, it was an interesting social experiment back then, precisely due to the scam-ridden nature of EVE, "everyone is a scammer" "trust no one" etc.

I trudged through his APIs for well over a day before I sent him a single dime. I was curious, was his seemingly open and heartfelt story actually the truth? It seemed unlikely, but in the end I had to know, so I guess you could say I "called him" on it. If he was a scammer, my longstanding belief that the EVE community was rotten to the core would be confirmed. If he didn't take the money and run, I would have helped someone out.

*sigh*

Thank you Lucas Kell, for the reminder why I stay the hell away from these forums.

Oh and once this bond is done, be sure to post your "Just you wait! I'm telling you it's a scam!", cause you have set yourself up with a narrative that can never be disproved, since you would just keep moving the goal post :)

I'll keep an eye on how Jerex is doing, if you excuse me, I'll go back to helping newbies in BNI, cause you are clearly a lost cause.

Feel free to keep posting during the course of this bond if you feel like it, but you will be holding a monologue from now on.

Hey Lucas, sorry you're dead set this is a rep grind, or a scam.

I don't believe that's a viable assumption, seeing as how I am a MD nobody, and it's been almost a year since my last bond. Rendering me completely forgotten. Kinda the opposite of a rep grind, yeah?

I just simply needed isk to expand, and did just that. And just like before (Did you even read my first bond thread where Vanchelon called me out multiple times?) I will complete this bond, having met another person who, hopefully, will become another influence in Eve for me. It's all about meeting people and this succeeds in just that.

Anywho Lucas, thanks for your time and concerns. I'll look forward to seeing you post when this is finished about how I'll be back looking for more isk. Which who knows, maybe I will, maybe it will be a smaller loan. I really hope I am, because this part of the meta is great. Meeting interest deadlines, having to make enough isk by X date. It actually brings some fun into updating orders, and calculating profits.

Mini Update:

So I've got one trader set in and about 40-50% of his orders being placed, has jumped my daily profits roughly 25-30%. Which is fantastic since I haven't even "soaked" into that market fully yet.

I was busy yesterday so the other has about 20% of his orders being set. Bringing in a small amount, but that was expected. The other trader was not. So far it's going good. I'll update in 2 weeks time with more reliable results!

Uh... no. the idea behind it is that you would set up a loan, loan to yourself from an alt, seemingly complete the loan, then later come back looking for more, using the previous loan as proof. Leaving some time between loans is generally a smart move as people too eager to escalate the loans are obvious.

You can literally just fill in the rest with generic "I R TRADER" speech, it really doesn't prove anything.

And would you have really gone in for 3b had half of this loan already filled by the previous lender? I mean a noobie alt first posting to ask for an uncollateralised loan then later asking for a larger uncollateralised loan? I'm honestly surprised the MD regs had't already ripped this to pieces before I saw it. I'm not surprised they didn't partake though.

Well, time to necro this sucker, but with purpose ;)

So, long story short, Jerex had some RL issues and dropped out of contact with me in October.
Since I did not hear from him or couldn't get a hold of him, I offered Genoir to take over his part (3b) of the loan when Jerex was a few weeks overdue on the interest. I felt it was my responsibility since I had vouched for Jerex to begin with.

Now, I didn't think Jerex had run off with the money, I mean, come on, it's only 3-7b (depending on the view of some previous posters in this thread ;) ). But since the future of the loan was quite uncertain at the time, it seemed like the right thing to do.

Genoir was pleased with the offer and we agreed that I would make a post in the thread once the matter had been resolved, which it now has!

Jerex has now paid me back 7b + 2.8b in interest since his return in December, so 9.8b total.
I offered Genoir 300m of the interest that was technically owed to him, but he declined since I had already given him the 3b he lent Jerex originally.

I am glad that the matter was resolved for all parties in any case!
Jerex now seems to be in a good place financially, so I doubt he will be needing any further loans, at least uncollateralized ones. Even if I trust Jerex, and would feel comfortable lending to him privately, I will most likely not vouch for him for future uncollateralized loans due to the issues that arose with this one.
I would suggest future public loans to be covered by collateral, for the benefit of all parties :)