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About loans and so called investments

Author
Trix Andrard
Doomheim
#1 - 2015-09-30 15:37:55 UTC
The question is simple and directed to a goal. What are the thoughts about these practices from the people who do not engage in such things. It is full of people just ego-massageing so called lenders or holders, but I would like some insight of people who sees it with different eyes.

How can we set up a real investment that does not rely on confidence or pyramid in a financial system with no regulations in place for such practices ?

Carnal rule of gun trade: Never pick up a gun and join the costumers.

Work around spies for a while, and you learn to be careful when it looks like you're getting what you want.

Elizabeth Norn
Nornir Research
Nornir Empire
#2 - 2015-09-30 15:59:25 UTC
Trix Andrard wrote:
How can we set up a real investment that does not rely on confidence


If you don't at least think you're going to get your money back, then you're just throwing it away or gambling. There have been several successful first time borrowers recently, so what is the problem?
Bumblefck
Kerensky Initiatives
#3 - 2015-09-30 16:03:35 UTC
All investments are based on confidence to one degree or another. Brush away all of the semantic cobwebs and that is what you'll find at the root of it all.

Speaking frankly, who are you to say that the offerings now being presented here are any less genuine than the one you propose (with a hypothetical framework of protection)?

Perfection is a dish best served like wasabi .

Bumble's Space Log

Plleasure Hub
Municorn
#4 - 2015-09-30 16:20:05 UTC
Trix Andrard wrote:
It is full of people just ego-massageing so called lenders or holders...
Some of us do more than massage egos. I see loaned money like eating a star in Super Mario Brothers. It temporarily lets me do things that are beyond my normal power level. If used correctly, it can be lucrative and fun. It is a legitimate enterprise for those with the proper skill.

I can go from being cash-strapped, slowly selling inventory and working towards my next supply purchase. Or I can take a loan and instantly advance my production timetables by weeks or more. Until the loan ends, I also reap profits from the snowball effect of that capital infusion.

The main determining factor for this type of lending to be legitimate rather than an ego-massage orgy is how much higher your monthly ROI is compared to the monthly interest rate. You also need to make sure you have 100% capital utilization.

"There's no meaningful difference between a real and a virtual world. It's pointless to ask anyone who they really are. All you can do is accept and believe in them, because whoever they are in your mind, is their true identity." — Kazuto Kirigaya

Bad Bobby
Bring Me Sunshine
In Tea We Trust
#5 - 2015-09-30 16:48:21 UTC  |  Edited by: Bad Bobby
Trix Andrard wrote:
The question is simple and directed to a goal.
The question isn't that simple. I'm not sure what the goal of asking it in this manner is either.

Trix Andrard wrote:
What are the thoughts about these practices from the people who do not engage in such things.
Given the nature of this forum section, how many people that "do not engage in such things" do you think are going to read your post and provide an informed reply?

Trix Andrard wrote:
It is full of people just ego-massageing so called lenders or holders, but I would like some insight of people who sees it with different eyes.
Is that a question or a statement?

How are they "so called" lenders? Surely they are either a lender or they are not?

What do you mean by "holders"? Do you mean borrowers, trusted third parties or what?

Trix Andrard wrote:
How can we set up a real investment that does not rely on confidence or pyramid in a financial system with no regulations in place for such practices ?
Firstly, we already have. It's called collateral.

Secondly, "confidence", if you mean trust, is the cornerstone of many business activities in the real world as well as in EVE. There is nothing unusual about trusting a person. There is nothing foolish about trusting a person with an established reputation and a reason to be honest, provided you don't push that trust too far. Relying on regulation or law, as you may do in the real word, doesn't guarantee success, profit or satisfaction. Trusting someone with an established reputation for doing a good job is far more effective, both in EVE and in RL.

If you don't mean trust, then I'll need to know what you do mean in order to answer your question.

Beyond this, what we can do to set up a "real investment" is to push CCP to come through with an overhaul of the contracts system, since that could give us all the tools we need.

Trix Andrard wrote:
Carnal rule of gun trade: Never pick up a gun and join the costumers.
Nice to see your signature is as well written as your post.

English isn't the first language of many posters here and it's right to give people a lot of leeway in their posting. The manner in which you approached this post makes you look like a troll, ignorant or both. Maybe, rather than using long words and complex sentences, you could have made a simple post that actually makes sense and is less laden with negativity?

This isn't the first time a neophyte has walked in to MD, made out like the 10 year veterans know nothing and then attempted to re-invent the wheel. We get this every few months. Maybe you would do better to read a little more before you post?

Having eyeballed your posting history, I'm pretty much convinced you are just a troll or an attention seeker, so I'm not expecting great things from you in this thread. If you choose to post here again, please try to prove me wrong.
Alt Pilot1
Native Freshfood
Minmatar Republic
#6 - 2015-09-30 17:34:01 UTC  |  Edited by: Alt Pilot1
Trix Andrard wrote:
The question is simple and directed to a goal. What are the thoughts about these practices from the people who do not engage in such things. It is full of people just ego-massageing so called lenders or holders, but I would like some insight of people who sees it with different eyes.

How can we set up a real investment that does not rely on confidence or pyramid in a financial system with no regulations in place for such practices ?


If it's a smaller bond (like under 20 bil), then I'd say they're pretty safe to invest in with collateral. Because the time and effort that went into building the reputation is not worth ruining for 20 bil.

The small bonds with collateral - for example like those 2 bil, 5 bil, 10 bil bonds, are pretty much always OK.

But I never invest in any bonds because I do my own investments. Also if it's a very large amount of ISK, then I would never trust anyone with it. Because we're in an environment that has no mechanism or serious consequence for fraud.
Trix Andrard
Doomheim
#7 - 2015-09-30 18:43:29 UTC
Considerations:

- My signature is actually copied from an american movie, and it is written exactly like that, so if you used to imply something about my speech, in a sarcastic way, you might have failed. Many people like to infeer things about what people say regading their language skills, and that is not something I really consider wise.

- I said it is simple because it is. It is a direct question that many people have answered straight forward. Fairly simple and do not require to consider linguistics or personal accessment.

- I am not offering or proposing anything. That is also clear.

- It is a very known practice in here to get investments that are simply just ISK russian roulette (not often made by russians) which people get X sum from N people and use part of the summed X to pay out part of the N, that added to Y alts, come here and say those are legit, and when a little percentage of people complain they were scammed, they pass off as trolls themselves because of overwhelming testimonials from hired "trust" and legitimate paid fraction. Those are so called lenders, investors, and they are followed by "ego masseurs" who happen to attest legitimacy not by information but by self fullfilment.

- There is a huge difference between offering investment/loan with a regulatory system that will ensure you have to have the means to pay out in the terms you said you would, from offering investment/loan that the insurances of legitimacy is also offered and backed by the same entity that does the service. There is no dubt about it. You may happen to trust and know the entity, but that is not in itself a positive point for anyone else. You may consider for your life to trust people in their trust for third parties, but that does make it more than it is, and that is why is defined by trust. Trust has its name for that reason aswell.

- Yes. One of the simplest ways to find out the legitimacy is to access the ability an entity has to give you asurance of receiving your money back. But I am not talking about "my case", I am talking about "general case". You may be certain to receive your money back for personal factors, which may not work for someone else.


Carnal rule of gun trade: Never pick up a gun and join the costumers.

Work around spies for a while, and you learn to be careful when it looks like you're getting what you want.

Elizabeth Norn
Nornir Research
Nornir Empire
#8 - 2015-09-30 18:57:46 UTC  |  Edited by: Elizabeth Norn
There's a fair amount of scammers, but they are often quite obvious. I'm not saying it's hard to look legitimate, but most don't even try. I'm still not sure who the ego masseurs are and your last two paragraphs confused me just as much. I'm guessing you're basing your conclusion from quite a small, and recent, sample of threads?

Trix Andrard wrote:
- My signature is actually copied from an american movie, and it is written exactly like that, so if you used to imply something about my speech, in a sarcastic way, you might have failed. Many people like to infeer things about what people say regading their language skills, and that is not something I really consider wise.



Is this a movie about sexy gun running cosplayers? Big smile

https://en.wikiquote.org/wiki/Lord_of_War
Trix Andrard
Doomheim
#9 - 2015-09-30 19:08:28 UTC  |  Edited by: Trix Andrard
Elizabeth Norn wrote:
There's a fair amount of scammers, but they are often quite obvious. I'm not saying it's hard to look legitimate, but most don't even try. I'm still not sure who the ego masseurs are and your last two paragraphs confused me just as much. I'm guessing you're basing your conclusion from quite a small, and recent, sample of threads?

Trix Andrard wrote:
- My signature is actually copied from an american movie, and it is written exactly like that, so if you used to imply something about my speech, in a sarcastic way, you might have failed. Many people like to infeer things about what people say regading their language skills, and that is not something I really consider wise.



Is this a movie about sexy gun running cosplayers? Big smile

https://en.wikiquote.org/wiki/Lord_of_War


Lord of War is one of the movies I heard that phrase, but when I wrote it first I was inspired by Burn Notice. And I know it is wrong, because it is said wrongly in Burn Notice, for that exact reason: sex.

Ego Masseurs are people who go around attesting the legitimacy of a given business by talking emotional non-sense and personal feelings instead of hard facts. "Oh they were so nice", "This is an amazing business", "I felt really happy with their deals". For the most part, many people are used to find those useful feedback, but it is not. They are the exact kind of things you hear from Ponzi Infomercial shows.

Edit.: Now the signature thing is settled.

Carnal rule of gun trade: Never pick up a gun and join the costumers.

Work around spies for a while, and you learn to be careful when it looks like you're getting what you want.

Bad Bobby
Bring Me Sunshine
In Tea We Trust
#10 - 2015-10-01 03:20:43 UTC
Trix Andrard wrote:
- My signature is actually copied from an american movie, and it is written exactly like that, so if you used to imply something about my speech, in a sarcastic way, you might have failed. Many people like to infeer things about what people say regading their language skills, and that is not something I really consider wise.
My point, which you appear to have missed, is that your posting makes little sense.

I suggested that you reduce the complexity of your posting so it falls in line with your language skills, rather than making over-complex posts using words that do not mean what you think they mean. It would aid your communication and make you seem less like a troll.

If you want to be misunderstood, then by all means carry on as you are.

Trix Andrard wrote:
- I said it is simple because it is. It is a direct question that many people have answered straight forward.
It was neither simple nor direct. Also, I was the only person to answer the part that qualifies as a question. But you don't appear to have engaged with that.

Trix Andrard wrote:
It is a very known practice in here to get investments that are simply just ISK russian roulette (not often made by russians) which people get X sum from N people and use part of the summed X to pay out part of the N, that added to Y alts, come here and say those are legit, and when a little percentage of people complain they were scammed, they pass off as trolls themselves because of overwhelming testimonials from hired "trust" and legitimate paid fraction. Those are so called lenders, investors, and they are followed by "ego masseurs" who happen to attest legitimacy not by information but by self fullfilment.
Ponzi schemes do happen, but they are hardly common.

Trix Andrard wrote:
- There is a huge difference between offering investment/loan with a regulatory system that will ensure you have to have the means to pay out in the terms you said you would, from offering investment/loan that the insurances of legitimacy is also offered and backed by the same entity that does the service.
Fake third parties do happen, but they are hardly common.

Neither of the scams you have mentioned here form anything more than a minority of what occurs on MD.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#11 - 2015-10-01 03:27:13 UTC
Trix Andrard wrote:
Lord of War is one of the movies I heard that phrase, but when I wrote it first I was inspired by Burn Notice. And I know it is wrong, because it is said wrongly in Burn Notice, for that exact reason: sex.
What about the dressing up part?

Trix Andrard wrote:
Ego Masseurs are people who go around attesting the legitimacy of a given business by talking emotional non-sense and personal feelings instead of hard facts. "Oh they were so nice", "This is an amazing business", "I felt really happy with their deals". For the most part, many people are used to find those useful feedback, but it is not. They are the exact kind of things you hear from Ponzi Infomercial shows.
The word for these is "shill".
Plleasure Hub
Municorn
#12 - 2015-10-01 04:12:48 UTC
But I like Ego Masseurs. Can we start using that? :)

"There's no meaningful difference between a real and a virtual world. It's pointless to ask anyone who they really are. All you can do is accept and believe in them, because whoever they are in your mind, is their true identity." — Kazuto Kirigaya

Bad Bobby
Bring Me Sunshine
In Tea We Trust
#13 - 2015-10-01 04:22:50 UTC  |  Edited by: Bad Bobby
Plleasure Hub wrote:
But I like Ego Masseurs. Can we start using that? :)

I quite like it too tbh.

If we are to adopt that nomenclature, can we at least figure out whose ego is being massaged?
Dethmourne Silvermane
Silvermane Holdings LTD
#14 - 2015-10-01 16:56:19 UTC
I'm torn between the hilarity that is Bad Bobby commenting on the effectiveness of trust and the irony that he's absolutely right including the part about not pushing that trust too far.

Interested Party (TM)

Bad Bobby
Bring Me Sunshine
In Tea We Trust
#15 - 2015-10-01 17:08:41 UTC
Support both sides mate. I'm happy being right while being wrong. You should be too.