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Market Scamming is an Exploit

First post First post
Author
Seleia O'Sinnor
Drop of Honey
#141 - 2013-07-08 19:15:45 UTC
Remove the skill, easy fix. Market scammer then can try to do pvp in in lowsec with all their leisure time back.

Odyssey: Repacking in POS hangars for modules +1,  but please for other stuff too, especially containers. Make containers openable in POS hangars.

Kaarous Aldurald
Black Hydra Consortium.
#142 - 2013-07-08 19:19:05 UTC
Seleia O'Sinnor wrote:
Remove the skill, easy fix. Market scammer then can try to do pvp in in lowsec with all their leisure time back.


The skill has legitimate uses. This has already been mentioned several times, in fact the legitimate uses far outweigh the small petty cries of the fools who lose some isk now and then to a completely obvious scam. A scam that can be defeated by simply viewing the price history of the item being used as bait.

"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.

James Amril-Kesh
Viziam
Amarr Empire
#143 - 2013-07-08 19:23:25 UTC  |  Edited by: James Amril-Kesh
.

Enjoying the rain today? ;)

Tippia
Sunshine and Lollipops
#144 - 2013-07-08 19:30:56 UTC
Seleia O'Sinnor wrote:
Remove the skill, easy fix.
Why? There's nothing to fix and the skill is very useful for traders.
Destination SkillQueue
Doomheim
#145 - 2013-07-08 19:57:37 UTC
Tippia wrote:
Seleia O'Sinnor wrote:
Remove the skill, easy fix.
Why? There's nothing to fix and the skill is very useful for traders.

It's just a typical suggestion from people who lack any sense of proportion. They focus so narrowly on the problem, that they're blind to the damage their "solutions" would cause and fail to take in to account all the good that is being created. They'll happily ruin features and cause severe damage to the functioning of the game trying to solve a problem, that is itself harmless to the well-being of the game.
Inokuma Yawara
University of Caille
Gallente Federation
#146 - 2013-07-08 20:02:01 UTC
knowsitall wrote:
I agree with this. I think an easy fix would be regardless of your margins trading buy orders should take into escrow a minimum of a buy of your minimum volume. Therefore ALWAYS one buy order has to be fill but not all. Then when a buy order is filled, it does an new escrow for for the minimum volume.

This way people who are not "scamming" still only need a some escrow (especially as they tend to have 1 unit minimum orders) people falsely avertising that they buy stuff have to buy 1 order, then if they can't fill the escrow for the second minimum their order is cancelled.

I think this would do it.

KIA


Hmmm.... I think - based on what I've read here in this conversation - that if that single buy order did go through, it would then have a positive impact on market prices. If even one sold at the crazy high price, then prices everywhere else will also go up. This is price manipulation. This is what the OP wants to prevent. According to the other posters in this thread, if the sale does not occur, then the prices of the item everywhere else will not go up. Therefore price manipulation cannot occur. Your fix would make price manipulation possible.

Watch this space.  New exciting signature in development.

Rroff
Antagonistic Tendencies
#147 - 2013-07-08 20:14:47 UTC  |  Edited by: Rroff
I have mixed feelings on this, as someone who has been playing eve for quite awhile they are usually painfully obvious to spot... however for a new player its often something they can't anticipate - no amount of careful diligence within the scope of the mechanic (from their perspective) itself reveals the potential flaw there which to me pretty much makes it an exploit.

On the flipside, more by luck than judgement, I've made a fair bit of ISK from either lucky timing or when someones set it up wrong and I happen to already have the item(s) in question.
Daisai
Daisai Investments.
#148 - 2013-07-08 20:33:07 UTC  |  Edited by: Daisai
There is a way in fixing this, you can add a filter on the market which allow you to ignore buy orders which have been placed with this skil.
It would not completely remove this way of easy scamming but it would make it more difficult and clear to you if a buy order can ve filled or not.

I dont agree on calling this an exploit though, its just a very very easy way of scamming which might need to be looked at.
The solution i suggested could be a start to make it less easy.
Kaarous Aldurald
Black Hydra Consortium.
#149 - 2013-07-08 20:35:31 UTC
Daisai wrote:
There is a way in fixing this, you can add a filter on the market which allow you to ignore buy orders which have been placed with this skil.
It would not completely remove this way of easy scamming but it would make it more difficult and clear to you if a buy order can ve filled or not.

I dont agree on calling this an exploit though, its just a very very easy way of scamming which might need to be looked at.
The solution i suggested could be a start to make it less easy.


This already exists, it just takes some slight amount of thought. Just check the item's history. If the "buy order" is for about 50 times as much as the sell history, then it's a margin scam.

Is this too hard, or something?

"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.

Daisai
Daisai Investments.
#150 - 2013-07-08 20:41:05 UTC
Kaarous Aldurald wrote:
Daisai wrote:
There is a way in fixing this, you can add a filter on the market which allow you to ignore buy orders which have been placed with this skil.
It would not completely remove this way of easy scamming but it would make it more difficult and clear to you if a buy order can ve filled or not.

I dont agree on calling this an exploit though, its just a very very easy way of scamming which might need to be looked at.
The solution i suggested could be a start to make it less easy.


This already exists, it just takes some slight amount of thought. Just check the item's history. If the "buy order" is for about 50 times as much as the sell history, then it's a margin scam.

Is this too hard, or something?


Thats not what i suggested, a filter would ignore the buyorders placed with this skill or with reduced market escrow.
The idea with these scams is that they use very rare items which hardly anyone sells, so when you try to check price history there isnt as much info.
Inokuma Yawara
University of Caille
Gallente Federation
#151 - 2013-07-08 20:45:30 UTC  |  Edited by: Inokuma Yawara
I just wanted to point out, that what is being pointed out as a problem by the OP is that there is an EXPLOIT (programming error or glitch) that gives the margin trader an unfair advantage.

But many of you posters keep concentrating on SCAMS margin traders that are setting up dishonest trade schemes (dishonest trade schemes) giving them an unfair advantage.

What the responders are saying is that there is no EXPLOIT (no programming bugs or glitches). SCAMS exist all over the place, so BUYER (in this case SELLER) beware.

In other words, there is no problem with how things are working. It's just like everything else in EVE. You have to watch your back at all times. Sellers need to be careful that the buyer willing to pay crazy high prices is not actually trying to scam sellers into buying from somewhere else to sell to the buyer - who had no intention of buying anything.

The Seller spent ISK to get the items to sell, but got left holding the goods. He got scammed, because, although he did buy low to sell high, the low was really already high, and the buyer - buying at a higher price - did not pay. That's a scam. That's not a programming error or glitch in the game.

In other-other words. It's working as intended. (Sorry. Couldn't resist in using the cliche.)

Additionally, the prices of the item in question does not go higher, because the sale took place at the normal high price. No sale took place at the inflated higher price, so the prices of that item will not rise to that inflated higher price. Prices will remain at their normal levels.

Watch this space.  New exciting signature in development.

Andski
Science and Trade Institute
Caldari State
#152 - 2013-07-08 20:45:36 UTC  |  Edited by: Andski
margin trading scams are easily avoided and the skill itself has enough legitimate uses that adding dumb limitations to it only protects those who would otherwise be scammed by isk doublers and sales for "rifter fleet issues" while massively encumbering legitimate traders

Twitter: @EVEAndski

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths."    - Abrazzar

Orbelea
Ember Inc.
Curatores Veritatis Alliance
#153 - 2013-07-08 20:48:08 UTC
Daisai wrote:
Kaarous Aldurald wrote:
Daisai wrote:
There is a way in fixing this, you can add a filter on the market which allow you to ignore buy orders which have been placed with this skil.
It would not completely remove this way of easy scamming but it would make it more difficult and clear to you if a buy order can ve filled or not.

I dont agree on calling this an exploit though, its just a very very easy way of scamming which might need to be looked at.
The solution i suggested could be a start to make it less easy.


This already exists, it just takes some slight amount of thought. Just check the item's history. If the "buy order" is for about 50 times as much as the sell history, then it's a margin scam.

Is this too hard, or something?


Thats not what i suggested, a filter would ignore the buyorders placed with this skill or with reduced market escrow.
The idea with these scams is that they use very rare items which hardly anyone sells, so when you try to check price history there isnt as much info.


An idiot filter? whatever happened to finding things out for yourself the hard way. I have a short memory nowadays, if I make an error I want to remember.
SmilingVagrant
Doomheim
#154 - 2013-07-08 21:53:45 UTC
hahahahaha somebody lost all their stuff.
Jonah Gravenstein
Machiavellian Space Bastards
#155 - 2013-07-08 22:00:59 UTC
Daisai wrote:
There is a way in fixing this, you can add a filter on the market which allow you to ignore buy orders which have been placed with this skil.

Congratulations, you just completely broke the market. Using a filter to remove buy orders placed with the margin trading skill would filter out about 90% of all the buy orders currently in place.

In short, you're advocating punishing the many legitimate traders who use the skill, to protect the greedy idiots who think they can make a quick profit and end up getting scammed.

In the beginning there was nothing, which exploded.

New Player FAQ

Feyd's Survival Pack

Kaarous Aldurald
Black Hydra Consortium.
#156 - 2013-07-08 22:10:07 UTC
Quote:
Thats not what i suggested, a filter would ignore the buyorders placed with this skill or with reduced market escrow.
The idea with these scams is that they use very rare items which hardly anyone sells, so when you try to check price history there isnt as much info.


And I told you, there is a filter, it's called not being an idiot, and taking the tiniest amount of thought. It only costs you a single mouse click to check the item history.

I still see no reason why people should be protected from their own stupidity at the expense of so many other players who are capable of using the market correctly.

"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.

Jonah Gravenstein
Machiavellian Space Bastards
#157 - 2013-07-08 22:23:42 UTC  |  Edited by: Jonah Gravenstein
Malcanis's law wrote:
"Whenever a mechanics change is proposed on behalf of 'new players', that change is always to the overwhelming advantage of richer, older players."


If there was an idiot filter implemented for the market, someone would figure a way around it in a matter of minutes. Deviousness and knowledge will triumph over idiocy every time.

In the beginning there was nothing, which exploded.

New Player FAQ

Feyd's Survival Pack

Noriko Mai
#158 - 2013-07-08 22:33:26 UTC
I think it would make sense to change it so you have to cover at least the min buy amount. Thats all.

"Meh.." - Albert Einstein

Jonah Gravenstein
Machiavellian Space Bastards
#159 - 2013-07-08 22:45:00 UTC
Noriko Mai wrote:
I think it would make sense to change it so you have to cover at least the min buy amount. Thats all.

Please explain your reasoning.

I'm a trader and the margin trading skill allows me to leverage my isk in a more efficient manner than I could otherwise. It allows traders like myself to maximise income while minimising outlay.

In the beginning there was nothing, which exploded.

New Player FAQ

Feyd's Survival Pack

Tippia
Sunshine and Lollipops
#160 - 2013-07-08 22:47:12 UTC  |  Edited by: Tippia
Noriko Mai wrote:
I think it would make sense to change it so you have to cover at least the min buy amount. Thats all.

…which again would only really hurt legitimate traders. Also, the fundamental question remains: why does it need to be changed in any way to begin with?

“Because scams!” is not an answer to that question.