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Change Request - Margin Trading

Author
Sigras
Conglomo
#21 - 2013-02-28 07:18:21 UTC
Mike Voidstar wrote:
The simplest solution is simply to have the market not display an order with insufficient funds to back it up when the player polls the market for info.

That would probably be hellish on the database though.

There is no excuse for this skill to be in game as it is, other than to facilitate scamming. They should change the skill so that it can only be used in Null or Low Sec station orders, as the higher levels of oversight perfomed in the market houses of high sec prohibit this sort of shady marketeering.

This would move higher trader profits out of high sec, giving more life to Low and Null sec, as well as setting up the backbone of the idea that markets in differing areas of space are themselves different.

I think it would also be good to restrict the use of these skills on the corporate level. To use these skills you would have to both be out of high sec, and in a corp that allowed their use. Back that up with the ability to see who owns a Margin order, and what corp he belongs too. That way a trading firm could build a solid rep and use the skill as intended to make more profits, lower sec space would make more profit possible, lower sec space would be the natural home of these sorts of scammers...

I'm sure I'm missing something, but I really don't see much downside here.

clearly you have no idea how trading works . . . at any given time i have 20 - 30 billion in buy orders at a time and a corresponding 25 - 30 billion in sells which usually fill in roughly the same time frame! and i am a small small player in the market there are people with billions and billions in legit orders on the market . . .

you want all those orders to be backed up with escrow? you would basically cut all trade done by traders by 75% and octuple the margin on all items . . . that is one of the most insane suggestions ive ever seen on these forums . . .

I have heard suggestions that they should de-list orders that do not have enough ISK in the player's wallet to be fulfilled or for the minimum quantity to be fulfilled. This seems like a great idea at first . . . unless you know anything about database programming.

Allow me to explain:
1. every time a sell or buy order went through, the market server would have to poll the database for every order they have open, do a multiplication operation, and then a comparison operation on each of them.
2. every time the amount in anyone's wallet changed, the market server would have to do the same thing for that person.

do you have any idea what this would do to the markets everywhere?! you think the market in Jita is laggy now? wow . . .
Anthar Thebess
#22 - 2013-02-28 10:13:22 UTC
+1
If you want to buy something worth 1bil isk - all isk should be reserved to this transaction.
Domanique Altares
Rifterlings
#23 - 2013-02-28 20:11:47 UTC
Scamming is part of EVE, kids.

The margin trade scam doesn't make anyone money unless you're buying stuff from them in some form or fashion, first. (Be it a main or an alt.) The only way that happens is if they set you up to buy from them first, and you fell for it.

Go use the trade finding tool on Eve-Central. It will return many, many margin scams. They're very easy to see once you know what you're looking for.
Mike Voidstar
Voidstar Free Flight Foundation
#24 - 2013-03-01 03:36:53 UTC
Sigras wrote:
Mike Voidstar wrote:
The simplest solution is simply to have the market not display an order with insufficient funds to back it up when the player polls the market for info.

That would probably be hellish on the database though.

There is no excuse for this skill to be in game as it is, other than to facilitate scamming. They should change the skill so that it can only be used in Null or Low Sec station orders, as the higher levels of oversight perfomed in the market houses of high sec prohibit this sort of shady marketeering.

This would move higher trader profits out of high sec, giving more life to Low and Null sec, as well as setting up the backbone of the idea that markets in differing areas of space are themselves different.

I think it would also be good to restrict the use of these skills on the corporate level. To use these skills you would have to both be out of high sec, and in a corp that allowed their use. Back that up with the ability to see who owns a Margin order, and what corp he belongs too. That way a trading firm could build a solid rep and use the skill as intended to make more profits, lower sec space would make more profit possible, lower sec space would be the natural home of these sorts of scammers...

I'm sure I'm missing something, but I really don't see much downside here.

clearly you have no idea how trading works . . . at any given time i have 20 - 30 billion in buy orders at a time and a corresponding 25 - 30 billion in sells which usually fill in roughly the same time frame! and i am a small small player in the market there are people with billions and billions in legit orders on the market . . .

you want all those orders to be backed up with escrow? you would basically cut all trade done by traders by 75% and octuple the margin on all items . . . that is one of the most insane suggestions ive ever seen on these forums . . .

I have heard suggestions that they should de-list orders that do not have enough ISK in the player's wallet to be fulfilled or for the minimum quantity to be fulfilled. This seems like a great idea at first . . . unless you know anything about database programming.

Allow me to explain:
1. every time a sell or buy order went through, the market server would have to poll the database for every order they have open, do a multiplication operation, and then a comparison operation on each of them.
2. every time the amount in anyone's wallet changed, the market server would have to do the same thing for that person.

do you have any idea what this would do to the markets everywhere?! you think the market in Jita is laggy now? wow . . .



Nope, I understand how the market works. I understand that de-listing them would be murder on the database, even if that is the simplest solution. Simple isn't always best. On the other hand, the check to see if an order is sufficiently funded could be given a manual audit option which could be used to check a specific buy order. Attach it to a timer with a skill to reduce the wait between audits, with the minimum time sufficient to prevent undue harrasment of the market.

My suggestion was simply to have you move your business out to 0.0 where such trades would still be allowed, leaving high sec markets less profitable but more secure. Pirates would rejoice as Jita relocates out in null sec somewhere and freighter traffic through dangerous space explodes (pun intended) dramatically. Prices would go up a bit due to increased risk attached to more profit, but would stabilize as alliances moved in to own and protect the market corridors their ISK depends on.
Kogh Ayon
Royal Amarr Institute
Amarr Empire
#25 - 2013-03-01 04:30:49 UTC  |  Edited by: Kogh Ayon
I agree with the point that margin trading is a broken feature that being exploited.

Griefing and scam are legit game play in EVE, however being able to put an order that mechanically prevent other people to fulfill, and again and again, sounds just broken. If someone does so once in real world, he will be bankrupted and that market will not allow him to do it again.

The basic idea can be that margin trading skill should require a non-negative standing with NPC who own that station to be active. If you reputation has been bankrupted to that npc corporation, you should not be able to use the credit system.
Sigras
Conglomo
#26 - 2013-03-01 07:10:08 UTC
Mike Voidstar wrote:
Sigras wrote:
clearly you have no idea how trading works . . . at any given time i have 20 - 30 billion in buy orders at a time and a corresponding 25 - 30 billion in sells which usually fill in roughly the same time frame! and i am a small small player in the market there are people with billions and billions in legit orders on the market . . .

you want all those orders to be backed up with escrow? you would basically cut all trade done by traders by 75% and octuple the margin on all items . . . that is one of the most insane suggestions ive ever seen on these forums . . .

I have heard suggestions that they should de-list orders that do not have enough ISK in the player's wallet to be fulfilled or for the minimum quantity to be fulfilled. This seems like a great idea at first . . . unless you know anything about database programming.

Allow me to explain:
1. every time a sell or buy order went through, the market server would have to poll the database for every order they have open, do a multiplication operation, and then a comparison operation on each of them.
2. every time the amount in anyone's wallet changed, the market server would have to do the same thing for that person.

do you have any idea what this would do to the markets everywhere?! you think the market in Jita is laggy now? wow . . .

Nope, I understand how the market works. I understand that de-listing them would be murder on the database, even if that is the simplest solution. Simple isn't always best. On the other hand, the check to see if an order is sufficiently funded could be given a manual audit option which could be used to check a specific buy order. Attach it to a timer with a skill to reduce the wait between audits, with the minimum time sufficient to prevent undue harrasment of the market.

That is an interesting suggestion; a request audit button to see if the order is actually funded because it looks suspicious . . . The broker could even make them lose the remaining amount they have in escrow as a penalty for putting up a non funded order and getting caught.

This suggestion I really like because it gives players a way to check orders and would make the scam riskier without removing the ability for someone to run the scam.

Mike Voidstar wrote:
My suggestion was simply to have you move your business out to 0.0 where such trades would still be allowed, leaving high sec markets less profitable but more secure. Pirates would rejoice as Jita relocates out in null sec somewhere and freighter traffic through dangerous space explodes (pun intended) dramatically. Prices would go up a bit due to increased risk attached to more profit, but would stabilize as alliances moved in to own and protect the market corridors their ISK depends on.

not being able to use margin trading in high sec would just be terrible; literally 75% of all of the buy orders in high sec would vanish over down time.

Thats insane to even suggest . . .
Anthar Thebess
#27 - 2013-03-01 14:15:52 UTC
Domanique Altares wrote:
Scamming is part of EVE, kids.

The margin trade scam doesn't make anyone money unless you're buying stuff from them in some form or fashion, first. (Be it a main or an alt.) The only way that happens is if they set you up to buy from them first, and you fell for it.

Go use the trade finding tool on Eve-Central. It will return many, many margin scams. They're very easy to see once you know what you're looking for.



Its not about scamming.
Eve wants to be "real" - how many times you can do this kind of scams in the "real" world?
In eve you can do them over and over - no one will be chasing you for this.

CCP have to be consistent - im not accessing the random contract - but 'intergalactic exchange" where i see how much some want to sell/buy.

I don't see any reason WHY if i placing buy order - proper amount of isk is not reserved asap.
Savira Terrant
Native Freshfood
Minmatar Republic
#28 - 2013-03-01 15:02:58 UTC  |  Edited by: Savira Terrant
Anthar Thebess wrote:



Its not about scamming.
Eve wants to be "real" - how many times you can do this kind of scams in the "real" world?
In eve you can do them over and over - no one will be chasing you for this.

CCP have to be consistent - im not accessing the random contract - but 'intergalactic exchange" where i see how much some want to sell/buy.

I don't see any reason WHY if i placing buy order - proper amount of isk is not reserved asap.


That's right. So either remove the skill (Or make it do something realistic.). Add a counter. Or change the way the market works (more realistic!)

.

Mike Voidstar
Voidstar Free Flight Foundation
#29 - 2013-03-01 15:38:30 UTC
Sigras wrote:
Mike Voidstar wrote:
My suggestion was simply to have you move your business out to 0.0 where such trades would still be allowed, leaving high sec markets less profitable but more secure. Pirates would rejoice as Jita relocates out in null sec somewhere and freighter traffic through dangerous space explodes (pun intended) dramatically. Prices would go up a bit due to increased risk attached to more profit, but would stabilize as alliances moved in to own and protect the market corridors their ISK depends on.[


not being able to use margin trading in high sec would just be terrible; literally 75% of all of the buy orders in high sec would vanish over down time.

Thats insane to even suggest . . .


I would suggest that current orders stay valid but no new ones be allowed to be placed. Over time they would run out, and your big money players would move to areas where that trading was allowed. If I was serious about it, I'd make it so that you could start using margin trades in .4 limited as if it was at level 1, going all the way to 0.0 where you could use it at level 5. This would give traders a clear progression on that path, and create new trade routes throughout space instead of from highsec hub to highsec hub, without raising the bar to entry.

Likely T2 items would go up, T1 would stay about the same as they would not require supply routes from 0.0 to reach the markets in Highsec. You might even see a drop in prices as you get further from empire due to more efficient trade practices, though of course the trading is riskier both in terms of transports and these market scams.

Things would certainly change. There would definitely be shifts and upsets in the markets. And then Highsec markets would be a place to start your career, not a place to finish it.
Gizznitt Malikite
Agony Unleashed
Agony Empire
#30 - 2013-03-01 16:22:16 UTC
Kogh Ayon wrote:
I agree with the point that margin trading is a broken feature that being exploited.

Griefing and scam are legit game play in EVE, however being able to put an order that mechanically prevent other people to fulfill, and again and again, sounds just broken. If someone does so once in real world, he will be bankrupted and that market will not allow him to do it again.

The basic idea can be that margin trading skill should require a non-negative standing with NPC who own that station to be active. If you reputation has been bankrupted to that npc corporation, you should not be able to use the credit system.


Actually, you have a small point here that I would support....

First, I have no problems with the Margin Trade Scheme, as it frankly takes money from greedy stupid players that don't actually pay attention. I have NEVER scammed in this game, but I fully support the ability to scam, especially when it's done in creative and innovative ways.

Second, I like the idea of a standings hit to the NPC corp that owns the station anytime your market order fails. At the moment, the amount you pay in brokers fees is vary from .25% to 4% based on your standings to the Station's Corp. I'd recommend two changes to add a "penalty" for failed orders:

A.) A failed order results in a standings hit to the Station Corp, ideally proportional to the size of the failed order. For example, if you have a 2b isk order that fails because of insufficient funds, your standings to the corp drops by 5 points... or something pretty harsh.

B.) At the lowest standings, broker fees are currently 4% of the order.... I'd increase this to 10% at the lowest point. This will result in a fairly hefty fee for setting up the margin trade scam, and anyone that sees it can cause the order to fail simply by selling to it (ideally not by buying an overpriced item from the margin trade scammer). Player enforcement is simply the best solution! See a margin trade scam, do your part and cost the scammer iskies..

Broker Fee % = (1% - 0.05%* BrokersRelationLevel) * 2 ^ -(0.14 * FactionStandings + 0.06 * CorpStandings)
Ile Disco
The Tax Men
#31 - 2013-03-01 16:37:20 UTC  |  Edited by: Ile Disco
Please stop moaning about being caught by the margin trading scam, your greed and poor research is why you got scammed and lost your isk on an expensive item you now can't sell.

Every trader uses this skill legitimately every day, usually with orders at least in the 10's of billions and never once fails to pay for item sold to him. When you get 315 orders with at least half of them being buy orders, you will cherish this skill as we all do.

TLDR: Don't be greedy, do your homework, if it's too good to be true, it probably is.
Callic Veratar
#32 - 2013-03-01 17:45:33 UTC
What is see is that the issue is not the Margin Trading Scam. The issue is, like many other rules in EVE, there's no way to know that these edge cases are there until you trip over them.

Consider what is required to discover that it's possible to place a buy order without sufficient funds to pay? Not only do you need to encounter it, but you need to determine whether or not it's a scam without knowing the phrase "Margin Trading".

There is nothing inside EVE that explains to you how this trading mechan works, which is a terrible system. See also: Jump Drive, Capitals, and Super Captials. How do they work? What are the restrictions on them? How many new players in Amarr see the Veldnaught and thing "that's going to be me some day"? I've even seen cases of players getting to the point where they have all the materials and blueprints to build a capital and it isn't until they attempt to install the job in a station that they find out you can't have them in high sec.

I see three valid paths here: modify the margin trading skill, remove the skill, or find a way to present it's existence to all players. Falling for a scam should not be the only way to learn about it in game.
Ile Disco
The Tax Men
#33 - 2013-03-01 18:15:46 UTC
The things is I have 19 bil of sell orders at the moment and 15 bil of buys but I only have 3 billion isk in Liquid on this character.

So all my buy orders would be marked with a X saying that I can't pay for these items, but there is no way all these buy orders would or could be filled at the same time and I won't default on any of my purchases. Leave the skill as it is, do a little research and don't buy what you can't afford to lose. This is EVE, it's not easy, it's not supposed to be. You learn more things the more you play, little tricks here, game mechanics there. I've been playing close to 3 years and I learn new things everyday I log in.

Stop expecting to be spoon fed, research, attempt, discover and learn then try again.
Mike Voidstar
Voidstar Free Flight Foundation
#34 - 2013-03-02 03:59:38 UTC
Victims should not be blamed for the acts of those who wrong them.


The skill as it is used at this point is mostly scam.

The legitimate orders being spoken of would be covered under the suggestion, because your 3 billion is plenty to cover the minimum purchase amount of any given order---the problem only exists when you abuse the system to create a situation where even one unit of minimum sale cannot be purchased by the character.

Even so, just moveing this behavior out of high sec so that the markets are more secure serves the interests of the most people most of the time.
Sigras
Conglomo
#35 - 2013-03-02 04:42:40 UTC
ok, allow me to reiterate . . . > 1% of trading goes on in low/null NOBODY is moving out to null just because you cant margin trade in high sec; who are they going to trade with? themselves?

That being said seriously, most of the large scale traders use margin trading legitimately, so saying the skills has no legit use is the most moronic thing ever.

The only good idea anyone has ever had is the "request audit" feature, as running a cron job every time a persons wallet changes is impossible.

Also, yes, victims should be blamed; if you ignore the warning signs and walk out in the middle of the train tracks, is it the train's fault that youre an idiot?
Savira Terrant
Native Freshfood
Minmatar Republic
#36 - 2013-03-02 11:43:51 UTC
I agree, moving margin trading out of highsec is not the solution here.

Changing the the skill or how the market works is.

If you want a skill that cannot be abused for the purpose of scamming via a game mechanic instead of meta-gaming (only the latter being approved by CCP as far as I can tell - on the other hand one could interpret the missing action to remove this scam a silent approval also), without removing the purpose of the skill, we have to wait untill CCP revamps the market workings as seen in my other post - so basicly never.

Hence: **** off a few players that actually make use of the skill legally and remove it. (I favor changing the market though.)




By the way, I could swear there was a fanfest presentation, where the numbers-guy was commenting on this matter (changing how the market works), can anybody please help me find it?

.

Alvatore DiMarco
Capricious Endeavours Ltd
#37 - 2013-03-02 12:13:20 UTC
I must admit, I'm impressed by these people who have 20b in buy orders and 20b in sell orders but only 2 or 3b in liquid ISK and never default on anything. Bravo.

I don't know that we need to remove the MT scam, as it's already been nerfed into the ground (according to what some of my career scammer acquaintances say), but I do admit that gumming up the market trading reports with falsified and scammy information is annoying at the least.
Zan Shiro
Doomheim
#38 - 2013-03-02 14:16:55 UTC
exactly how does MT scam hurt this game to need changing?

Granted its more subtle than buy my charon, oops carbon scam but its not exactly stealthy. It usually has the tell tale sign of a magical sell order in the same station that says I will fill this buy order nice. This usually is not by coincidence. If buy and and selling in one station was the path to billions....there would a huge slump in freighter and transports sales lol.

Want to play with potential MT buys....gonna have to plan ahead really. I when I did full bore indy I had reserve items in storage. Real MT or scam no matter....the items hit thier accounts out of the blue (avoiding the set up to force sales of their tiems) and filled it till the order went broke. rest sold off as normal transaction. No skin off my nose, I got my easier isk before it was off to the .01 isk wars so it all came out in the wash.

Did this with contract baiting too. Omfg...this guy is an idiot. Has a buy contract and an item is less than one in station. Somewhere in the seconds to buy that item and refind that buy order....sometimes people find out who the idiot is and its not the buyer as that buy order now gone (and if terribad, you will even notice its the same person on both to earn that egg on the face), Now out of the blue contracti fills...made me some good isk.


TL;DR...if its too good to be true it probably is.
Domanique Altares
Rifterlings
#39 - 2013-03-02 15:50:26 UTC
Anthar Thebess wrote:


Its not about scamming.
Eve wants to be "real" - how many times you can do this kind of scams in the "real" world?


Yep. EVE wants to be real.

How many times can you fly in a starship in the "real" world? How many times have you died and woken up in a cloned body?

There's plenty about this game that's not real, and it's not just the setting. The Margin Trading skill isn't just for scams. Some people defeat themselves and fall for these scams, but I think a lot of you in this thread would be surprised to realize just how much of the legitimate market operates as it does only because of this skill.

What you people are crying about can't be 'fixed' anyway. There's legitimate trades that fall through all the time. People lose money trying to fill buy orders all the time. If I sell to a legitimate buy order and fill it mere seconds before you, guess what happens? You're left holding the bag with a pile of product you thought you were going to sell, and wondering what the hell happened. Depending on how much you paid for that product, you may still be screwed, even though no one scammed you, and Margin Trading had nothing to do with it.

Buy low, sell high. Don't buy too high and try to sell even higher because of your own greed. If you buy a pile of something and still can't sell it for a profit somewhere after a scam order fails on you, then you're very likely doing it wrong.

Find a likely MT scam? Pick it apart one sale at a time, using product that you purchased CHEAPLY someplace else, or had on hand. Keep selling one item at a time until you have all their escrow money and the order fails. Then laugh all the way to the bank.
Destination SkillQueue
Doomheim
#40 - 2013-03-02 16:23:25 UTC
Domanique Altares wrote:
Anthar Thebess wrote:


Its not about scamming.
Eve wants to be "real" - how many times you can do this kind of scams in the "real" world?


*snipped for brevity*


Find a likely MT scam? Pick it apart one sale at a time, using product that you purchased CHEAPLY someplace else, or had on hand. Keep selling one item at a time until you have all their escrow money and the order fails. Then laugh all the way to the bank.


Give people at least some credit. They act on greed or lack common sense/price awareness when they fall for it, but they aren't totally clueless. The buy order will be set up in a way, that there is no possible way for anyone to sell anything to it and that's what the "problem" is. It's set up to fail at the first sign of someone trying to sell anything to it. Usually this is done by simply altering the minimum amount of items the order accepts. As a consequense the minimum payment will exceed the money stored in the escrow and cause the order to fail.
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