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Margin Trading Scam - It is time for change.

First post
Author
X Seven
Noob Corp Inc
#1 - 2015-04-12 16:35:30 UTC
I would like to know where we are on the margin trading scams discussions at this point in time. I see we all have been talking about this for years and I for one believe it is now time that the talk stops and action is taken. Will there be a perfect solution? No. However, the best solution to this problem will be any solution. Eve players will adapt. Everyone fears change but we will adapt. This problem is a game mechanic exploit. I for one want the CSM to fully look into this and come up once and for all a understanding of exploits vs scamming. Which one is worth having in the game? Next I would like to see a solution. No sitting on your thumbs and listen to all the complainers of OMG this will happen and this will happen. Always remember Eve Players will adapt. I really don't care if we remove Margin Trading altogether. I really don't care if you colorize the buy order as purple for margin buying. Do something that will kill this horrible exploit and make the markets integrity strong again. Something that should be a constant in the market is integrity. CCP runs the market we just play in it.
admiral root
Red Galaxy
#2 - 2015-04-12 19:23:21 UTC
How much did you get taken for?

No, your rights end in optimal+2*falloff

Kaarous Aldurald
Black Hydra Consortium.
#3 - 2015-04-12 19:35:13 UTC
Nope.

You do not get to remove one of the cornerstones of the game's economy just because you're too dumb to do your homework before getting greedy.

"Verily, I have often laughed at the weaklings who thought themselves good because they had no claws."

One of ours, ten of theirs.

Best Meltdown Ever.

Black Pedro
Mine.
#4 - 2015-04-12 19:48:21 UTC
X Seven wrote:
I would like to know where we are on the margin trading scams discussions at this point in time. I see we all have been talking about this for years and I for one believe it is now time that the talk stops and action is taken. Will there be a perfect solution? No. However, the best solution to this problem will be any solution. Eve players will adapt. Everyone fears change but we will adapt. This problem is a game mechanic exploit. I for one want the CSM to fully look into this and come up once and for all a understanding of exploits vs scamming. Which one is worth having in the game? Next I would like to see a solution. No sitting on your thumbs and listen to all the complainers of OMG this will happen and this will happen. Always remember Eve Players will adapt. I really don't care if we remove Margin Trading altogether. I really don't care if you colorize the buy order as purple for margin buying. Do something that will kill this horrible exploit and make the markets integrity strong again. Something that should be a constant in the market is integrity. CCP runs the market we just play in it.

The margin trading scam is barely a scam. There is nothing there that couldn't be reproduced by someone just canceling or beating you to an order.

Margin trading is too important to the Eve economy to remove on a whim. I wouldn't be adverse to some solution that doesn't break the trading servers while leaving the functionallity of the skill intact, but really CSM, please spend your energies on more important things than this.
X Seven
Noob Corp Inc
#5 - 2015-04-12 23:21:31 UTC  |  Edited by: X Seven
First off, I love this game. I have been playing since 06. I have seen many exploits and bugs and what not. I believe this is an important matter. To say it isn't would be foolish. I hold CCP to a higher standard than any other gaming company. They have created a great landscape for us. I see CCP as the overseer and or the Central Bank of the Eve Market. When the overseer doesn't believe its important to address an issue that is clearly an exploit but then allows everyone to do it . Why do we need to obey the other EULA terms. I mean this is drastic thinking but it sets a bad precedence. Does this exploit need to be addressed? Yes. If we have margin trading then I for one and many others would love to have a margin call. Freeze assets until the bill is paid. That is harsh but its a start to another lengthy discussion. There may be other pressing matters like what is coming this summer. The market hasn't seen any love for a while now. I just want a fair trade agreement in High Security space. Null Sec can be as ruthless as they want to be. In High Security space this should not stand. We have rules in High Security space. Take your scamming to Low Sec or Null.

Come let us reason together.
Malcanis
Vanishing Point.
The Initiative.
#6 - 2015-04-13 06:00:44 UTC
Let us reason together: margin trading is as vital a tool for trading as tackling is for PvP. 99%+ of margin trades are not scams, andthe scams are as easy to spot as a ggate camp on an outgate.

"Just remember later that I warned against any change to jump ranges or fatigue. You earned whats coming."

Grath Telkin, 11.10.2016

X Seven
Noob Corp Inc
#7 - 2015-04-13 06:37:00 UTC  |  Edited by: X Seven
I never said it was not vital. I agree it is vital part of the economy. I want to know when and where are we going to get a fix to this exploit. Where is the game mechanic that lets the little guy file suit for false promotion of pricing. Where are my space attorneys. LOL. I feel a statement needs to be made by CCP on this. Acknowledge that its an exploit and anyone caught doing it then gets the two strike rule. Why don't they do that? It would take too much man power. If that takes too much man power then this problem is bigger than we really understand. Do you not agree? I would like the CSM to address this issue seriously. Come up with a fix to this exploit. I will be shrugged off because I was scammed or whatever. I am looking out for the newbs. Many people have quit and never came back because of simple things like this. The market needs to be solid not ran by a bunch of people who are untrustworthy. CCP runs the market. I hope they do the right thing by coming up with a solution. Don't listen to the trillionaires listen to the little guys who made them trillionaires. Wars are fought over isk. lets hit the pocket books and see if they can fight a clean fight. I mean come on lets get our hands dirty and see what we can come up with.
Malcanis
Vanishing Point.
The Initiative.
#8 - 2015-04-13 06:52:43 UTC
It's not an exploit

"Just remember later that I warned against any change to jump ranges or fatigue. You earned whats coming."

Grath Telkin, 11.10.2016

Rawketsled
Generic Corp Name
#9 - 2015-04-13 06:59:36 UTC
If you feel the need to prevent the false promise of pricing on the market, I'd like to hear you thoughts on the false promise of see selling you a Navy Issue Megathron when I open a trade window with you.


As the Good Malcanis has said; it's not an exploit.

You believe the market to be full of promises - that's your mistake.
Mag's
Azn Empire
#10 - 2015-04-13 07:56:47 UTC  |  Edited by: Mag's
If you decide to invest in and make use of the market, you should be aware of the true price of items you may deal in.
This means gathering information on the item, before going ahead with any investment you may make.

If people run headlong into a deal and invest before gathering information that is readily available, then the fault falls squarely on themselves if things go wrong.

The funny thing with this scam, is it relies upon the greedy, the ones thinking they are going to have one over on another player. They see quick easy money to be made off someone else. The kicker is it's a game of PvP and they soon find they didn't do their homework, were out manoeuvred and ended up losing to the other player.

No order is guaranteed. None. So when playing the market the more information you gather, the less chance there is of losing ISK. But it's the market and there will always be a chance of losing ISK.

TL:DR. Stop being bad at PvP in the market and if you lose to other players, stop whining about it.

Oh and it's not an exploit. Blink

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

admiral root
Red Galaxy
#11 - 2015-04-13 12:09:53 UTC
Was the question posed to the OP in the very first reply too difficult to understand? This might not be C&P but we still want details.

No, your rights end in optimal+2*falloff

Lykouleon
Noble Sentiments
Second Empire.
#12 - 2015-04-13 12:35:57 UTC
Malcanis wrote:
It's not an exploit

Lykouleon > CYNO ME CLOSER so I can hit them with my sword

X Seven
Noob Corp Inc
#13 - 2015-04-13 15:07:22 UTC
CCP Rise
Quote:
The Margin Trading Scam exploits the mechanic where a character with the Margin Trading skill can place buy orders and only place a portion of the ISK in escrow. If they then transfer all of their ISK away, the order will fail when someone tries to sell to it, essentially allowing them to make a fake buy order. Usually this means players make purchases that are grossly overpriced with the expectation that they can sell them to the margin trading-based buy order and make money, but instead are left with a pile of items that they will have to take a loss on.


Feedback Request - Margin trading and accurate market UI

Now is this not an exploit? Not calling an exploit not an exploit is ridiculous. Come on folks. Stop focusing on staying the same and brushing it aside. Lets come together and fix this once and for all. Bring some pain to those who want to put big buy orders and not want to pay. The risk should work both ways not in favor of the buyer.
admiral root
Red Galaxy
#14 - 2015-04-13 15:36:49 UTC
He said that it exploits the mechanic, much like an oil company exploits an oil deposit. He didn't say that margin trading scams *were* exploits.

No, your rights end in optimal+2*falloff

ShahFluffers
Ice Fire Warriors
#15 - 2015-04-13 15:48:47 UTC  |  Edited by: ShahFluffers
It's no more an exploit than suicide ganking is.

Which means it isn't an exploit. It's just "creative use of the mechanics" to prey on the greedy and dumb.

Quote:
Do something that will kill this horrible exploit and make the markets integrity strong again. Something that should be a constant in the market is integrity. CCP runs the market we just play in it.

Oh... myyyyy...

You do know that people routinely game the market system... right? By...
- buying up all available orders and then putting them back up at prices 10% higher than before...
- or by cornering a market within a given area...
- or by blowing up any competition (you do know that some of the biggest funders of CODE and several other "well known" merc groups are other industrialists and traders, right?)...
- some combination of the above (see: Goonswarm's Ice Interdiction policy some years ago).

Market "integrity" in EVE is decided by how big your wallet is or by how much you can blow up.

Quote:
CCP runs the market.

No... no they don't

They can set how many minerals are required for building something... how much LP and ISK you need for that "special thing"... and can decide drop rates...

But how much those minerals are worth is up to the players.
How much that LP (or item) is worth is up to players.
How much a player's time is worth to them is decided by the players.

And here's the best part... it's ALL more or less subjective.

There are miners out there who think that the minerals they earn are free. That's why so many miners just sell their rocks well below the average price.
There are industrialists who just want to unload their stock... and they don't care about taking a loss because the demand of their product is already quite low and won't recover due to the massive stockpiles that other players have (this is why Procurers often sell for less than their mineral value).

CCP don't "run the market." They just keep it online and let (more or less) pure libertarian economics do what it does best; make as much money as possible, be damned of the consequences to "lesser people."
Black Pedro
Mine.
#16 - 2015-04-13 15:51:36 UTC
X Seven wrote:
CCP Rise
Quote:
The Margin Trading Scam exploits the mechanic where a character with the Margin Trading skill can place buy orders and only place a portion of the ISK in escrow. If they then transfer all of their ISK away, the order will fail when someone tries to sell to it, essentially allowing them to make a fake buy order. Usually this means players make purchases that are grossly overpriced with the expectation that they can sell them to the margin trading-based buy order and make money, but instead are left with a pile of items that they will have to take a loss on.


Feedback Request - Margin trading and accurate market UI

Now is this not an exploit? Not calling an exploit not an exploit is ridiculous. Come on folks. Stop focusing on staying the same and brushing it aside. Lets come together and fix this once and for all. Bring some pain to those who want to put big buy orders and not want to pay. The risk should work both ways not in favor of the buyer.

You can exploit something that isn't an exploit. When I gank an AFK miner, I am exploiting the fact that that player is too lazy to pay attention to his ship, but my actions are not using an exploit as I am engaging in legal gameplay. If I evade CONCORD after that gank however, then I am using an exploit and will face sanction from CCP for exploiting a loophole in the game to escape the consequences intended by the developer. CCP Rise is using exploit in the first sense in that sentence.

CCP Rise has already looked at this and the lack of action means there is likely no easy solution to the issue. Removing the skill is a no-go, and any solution to link orders and current escrow amounts is not technically feasible due to the massive overhead it would require recalculating every margin order after every transaction from what I understand. What else do you propose CCP to do then? The scammer already loses the fees and increasing them for failed margin orders will really only hurt legitimate overextended traders as the scammer has plenty of profit margin to play with.

X Seven
Noob Corp Inc
#17 - 2015-04-13 15:58:55 UTC  |  Edited by: X Seven
The issue here is that the client (via the market interface) is essentially lying to the player by showing an order which can't actually be filled.I really think no one cares that the eve client is broken. At least colorize the margin trade orders.
Kaarous Aldurald
Black Hydra Consortium.
#18 - 2015-04-13 17:55:14 UTC
X Seven wrote:
The issue here is that the client (via the market interface) is essentially lying to the player by showing an order which can't actually be filled.I really think no one cares that the eve client is broken. At least colorize the margin trade orders.


It doesn't lie to you.

Your greed does.

"Verily, I have often laughed at the weaklings who thought themselves good because they had no claws."

One of ours, ten of theirs.

Best Meltdown Ever.

X Seven
Noob Corp Inc
#19 - 2015-04-13 18:11:54 UTC
Really? It doesn't lie. After a person from CCP says the client lies then everyone dismisses it as not a lie. Anyone else out there want to fix this or am I the only one.
Black Pedro
Mine.
#20 - 2015-04-13 18:56:17 UTC
X Seven wrote:
Really? It doesn't lie. After a person from CCP says the client lies then everyone dismisses it as not a lie. Anyone else out there want to fix this or am I the only one.

Half the things in the client are a lie (see: Jita local).

We are all well aware of the creative use some players make of the margin trading skill to post misleading orders. CCP Rise has acknowledged it as well as you linked so CCP is also well aware of the phenomenon. Do you actually have a proposal to fix it? Or are you just here to complain about how you can sometimes lose at a PvP game when someone with a better understanding of the mechanics outsmarts you?
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