Market Discussions

Wasn't this the same guy that Aryth nuked over his Geras tower?

And you guys kept loaning to him?

Sorry I will redirect the general blame directly to you for loaning to a guy who lost several tens of billions of assets while taking a loan, denying that he lost the assets, and continued on without providing any proof of profitability "trading"

I spent a lot of time and effort explaining that with increasing loan amounts in this way past repayment is not evidence of future repayment because the amount being asked for (ie his potential gain) is lower than the amount that he has previously been trusted with. It never made any sense for him to be still borrowing isk after all this time, there were a dozen issues with all of this and every single one of them was explained at length in previous topics.

Flakeys, you only have your own pride and greed to blame.


"1, 1, 1, 1, 2, 2, 4, 8, 12.

Are we seriously doing this? You guys really think this story ends well?

Hell, now I'm tempted to make an alt to do this ****."


"Consider yourself in the position where you're about to repay the 12b loan. You could keep the isk or you could be honourable. Keeping the isk is worth 13.2b (12+10%), being honourable is worth 0. There is a 13.2b difference here. However if the honourable decision of repaying the 13.2b leads to you being given a loan of 15b, which you could then steal, you could do it profitably for dishonourable motives.

Imagine if you did no trading and this were all a giant rep grinding attempt. If you were to pay out 1.2b in interest then that would be a 1.2b loss, you would have 1.2b less in your wallet than you started with. However as long as you increased the size of the loan by more than that amount then you could offset the 1.2b you lost with the increased size of the eventual theft. Interestly enough every loan you have requested has increased in size by an amount greater than your interest amount. What this means is that while a loan is running the amount you are being trusted with is always greater than the amount you have paid out in interest to date. With this in mind I don't think your previous history in any way implies an honourable character, you could equally be motivated by profit.

Consider the following. I promise to send someone 20m back if they first send me 10m. We do this, I am now down 10m from my starting isk. However the decision to do this can still be rationalised beyond keeping my promise if I believe that by doing it he will trust me with sums greater than 10m. If we then repeat it with 50m, for example, and I choose to keep the 50m then that 10m I lost by honouring my promise was actually an investment which repaid itself four times only. How might we distinguish your service, whereby we send you isk with no assurances and you return it +10%, from the many other gentlemen who offer a similar service in Jita local? If anything your rates are actually really low. I hear one gentleman will turn my 500m into 5b."

"Didn't want that isk anyway"

I have to say that if it wasn't for X_Atm I'd probably have invested with Waffle. He quite literally saved my hard earned bits of space bacon. He had the guy pegged from the beginning.

Flakeys, I heard about this last night and I felt very bad for you. I never invested in waffles because it just seemed off. You never said anything bad on my TAUTX thread when everyone else was calling me a scammer so I'm not going to say anything bad here. On the contrary, I think of it as you donating 40bil to the education and development of smarter lenders here on MD. Pilotarian aid well spent!

I disagree. Looking at waffles list of previous investors I see a lot of unfamiliar and/or newly investing names, and to me that means people didn't do their research on smart investing techniques before investing. Those people will never be helped, but the rest of us have and routinely are helped by scams like this.

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