Market Discussions

Obviously.



The OP doesn't have an idea, he asked for suggestions, i.e. "what would you like to see in a bank?"

This isn't to say that the turd you dropped in this thread is without merit. Like bits of gold wrapped in poo you did manage to point out there's a potential for burnout in any banking activity and that friends are good starter clients (though it's 100% untrue that only friends make good clients in the long term).

EVE is about risk and about doing what's fun. If the OP wants to collect information about what benefits people might like to see and it turns out there are takers for what he eventually offers, you're in no position to label his efforts a scam.

It's not that hard. Really.

I like this idea. It's a way to reward loyalty and to retain customers and their deposits.

Not sure about this. I would need to know more about the conditions linked to each tier.

Escorts wouldn't help me, though I wonder if others might could use them. Fielding a fleet of ships seems like a whole lot of work.

Refining, however, is a great idea. Especially if you have perfect skills and good standing. I would guess that capsuleers might not be patient enough to wait a day or so to get maximum minerals, but if it's a perk offering and not a service per se, they might. And they might come to value it.

I would skip the customer notification process and simply fold this idea into your overall profit acquisition strategy.

Simpler is better.

More perks like your mineral refining idea. Expanded, I'd say any offering that relies on perfect skills related to MFR, Trade, Refining, etc. that you can offer to customers who have a minimum (large) deposit balance in order to keep them around.

On the one hand it seems like it would be a lot of work, but if you kept your customer base small and made additional deals to buy from them whatever it is they're getting as a perk from you, then you can build a stronger (and hopefully more profitable) partnership.

/golfclap

Technically, a bank is a collection of funds that connects entities which possess monetary surplus, with those that possess monetary deficiency. They act as a large pool of funds, that lend capital to start-ups and expanding ventures. This is why your assumption that the eve wallet is a bank is incorrect. Yes, banks allow us to transfer money quickly from one person to the next, like the eve wallet, but it has been up to the players (as it should be in the sandbox) to create capital lending institutions and mutual funds to support large community projects. This is why banking (mutual funds, whatever you want to call them) threads continue to pop up.

I believe I have created a nice little system of banking using the shares system, and it has been going very well for my clients and my bank. If you are interested in how it works, please do read about its intricacies in my sig link. There are several fail safes in place, and I believe that the "what stops me from taking everyone's money" problem has already been fixed. The remaining problem is that people don't take advantage of the fix.

The fix is to switch from a fractional reserve banking model (that most banks in the world use), into a full reserve banking model. Whereby 100% of all deposits are backed with a 3rd party. It's simple really. If someone starts a bank, and they have 50b in deposits, they open up a collateral fund with a 3rd party in the amount of 50b. Problem SOLVED.

To address your 5% interest concerns, I am currently making over 5% profit, per transaction, with station trading. Multiple transactions a day. If I can do it, there are people out there making A LOT MORE than I am. Check the Eve-Mogul leaderboards once in a while. It's impressive what some people can turn in just one day. And, I think it makes a 5% interest rate/month a very viable business model. I would, however, consider a 2.5% interest rate, or lower, per month as equally appealing if offered through a bank that used the full reserve banking model.

agreed

there are more than just have collateral fund for deposit

I'll sign up right away once you have a wife with benefits ....

Then what is your fix? I cannot see any way people's investments are secure when investing uncollateralized bonds, and in the end that's all you guys are offering. I also cannot see how the self backing separate wallet idea is at all useful, it seems like useless trust-building fluff. What Far Wanderer is basically doing is borrowing money and paying interest on it, but not actually using that money to make a profit.

You might as well just let people keep their ISK in their wallets and have them tell you their balance once a month so you can send them their 4% interest. That would be safer for the investors, and it wouldn't change the way Far Wanderer's business worked because that ISK was just sitting in a wallet doing nothing anyway. Let me know if any of you start this and I'll give you my wallet API so you can send me my monthly interest automatically .