Market Discussions

What happened to that guy with the mustache from the old forums that used to pledge 20 bil? I kinda enjoyed his posts.

Edit: Found the name - Jerry Pepridge.

You mention a rewards points system in your original post.

In the spirit of innovative & flexibal business models yadda, yadda, yadda... you could hand out some reward points to investors for posting in this thread about interest payments they have received (and for referring new customers of course).

Especially early on it is important to grow fast (money makes money) and you should never allow your forum thread to get drowned in negativity.
Maybe it would have been better to do a small, private test run before posting here, so you could have started out with some testimonials/vouches to your trustworthiness.

You say that you yourself have a hard time trusting other people with money - despite searching their forum history, doing API checks, etc - so you should understand that they have the same issue with you (an alt with no corp history, no forum posts, no API keys to check, ...).

The only way to build this trust is by showing a history of successful business dealings - and you still seem to be at the very beginning of that path. As long as you only have one or two investors (who help to establsh your trustworthiness by confirming the receipt of dividends) many people will cry "obvious alts" and try to derail this thread.
So try to get many customers early (even if it's just small amounts) and get them to post and spread the word.

This forum can be a nasty place at times - and whether you make your money with investments or by trading, you will step on some people's toes.

The most successful bank in EVE to date, EBANK, was able to borrow almost unlimited money at just 1.5%/month without having to provide any securities when individual business managers would at best get 3-5%/month while having to provide full collateral. The bank used this money for the production of titan bpcs, market manipulation (e.g. salvage market) and for filling many investment opportunities on this forum.
Of course other investors were furious because EBANK could undercut the rates they demanded, traders could not match EBANK's huge trading capital, ... and it quickly turned out that a popular bank was an existential threat to much of the established "MD community".
A lot of negativity ensued and even today some people here are hateful towards ex-EBANK employees and spend a lot of energy on spreading the word about how terrible banks in general and EBANK in particular are.

All this bitterness and negativity can discourage potential customers - therefore you should also look for other marketing channels: on the Sales forum you can advertise your service without lengthy discussions, you can always advertise via chat or evemail in-game, maybe check out 3rd party forums (I speak German and eveger.de is for example much more friendly and open-minded than the forums here, can imagine the same is true for other non-english community sites), harness the power of #tweetfleet, ...

Be creative and don't let yourself get discouraged.

So... if you're not providing credit (i.e., loans), then you're not a credit union/bank. You're basically just asking for uncollateralized loans without even a vague notion of 1) what you're using the money for or 2) how whatever you're going to do will turn a profit sufficient to pay off investors.

I am about to waste another minute of my life typing a response to utter crap ....


done



I have now wasted another minute of my time trying to edit a response to utter crap because of a spelling error ...



done

I wonder when they will run off with all teh isk like in a well know scam recently :-)

Look, another ponzi scam. How long has it been since the previous one? A week? Two weeks?

* Unknown alt? CHECK

* Offering rates that are well over what could be considered rational? CHECK

* No business plan to explain how the ISK comes in that pays those rates? CHECK
(At first had a "business plan" that involved re-loaning out that ISK at a lower rate, withdrawn once people noted that this was a bad business plan)

* No third party audits? CHECK

Yep, do invest your ISK. Nothing smelly here. I'm sure the first few might get some ISK returns as the ponzi is being built up but the problem with ponzi schemes is that you never know when the music stops and you lose everything that you've put in.

The interest I pay out will come from isk earned from station trading. I know here comes the hammer from the forum junkies. Long story short, you don't have to invest in my bank lol, just a few months down the road when others are passively making isk from EFCU your going to say "damn, should have jumped on the train from jump street". I don't expect everyone to jump on board right away, I've realized this. I'm slowly letting the investors come. Spam away :)

---

Also, Lithalnas will be providing the 3rd party audit.

So it's basically an uncollateralized loan at this point?



I propose an alternate business plan: people planning on investing in EFCU consider giving me their ISK instead. I'm not going to provide any service, pay interest, or even pretend I'm going to return your ISK, but you know for sure that I'm not scamming you and that you won't be humiliated at the end of our transaction. You might even feel good about being charitable (Redacted, this is MD. I was being silly).

1-10 Million ISK - 0%
10-50 Million ISK - 0%
50-100 Million ISK - 0%
100-500 Million ISK - 0%
500 Mil - 1 Billion ISK - 0%
1 Billion+ ISK - 0%

"Invest" today!

Troll tears taste the best!

I seem to be confused, youtube videos?