Market Discussions

I believe the summary is "I AM GOING TO ROB YOU"

Phew - I was really hoping that was what you meant!

I thought I remembered from a conversation years ago you endorsing a slightly 'imperialist' political view and was wondering if that had merged somehow with your deep knowledge of the history of banking to birth the unholy offspring of patrician/dictatorial investments

Edit:



There it is. Wow - four years have passed quickly!

Edit 2 - And there's the specific 'imperialist' post I was thinking of!

Edit 3 - Hmmm ... both links go to the same place despite being tagged to different posts. The target of the second one is post 239.

That thread was just one of the many in the EBANK closure saga. If memory serves just the main threads amounted to over 200 pages of discussion. Whilst I can't recommend spending the days it would take to read them all you might find them worth glancing through as they provide a record of some of the approaches to investing that have led MD to where it is today.

Contrary to your belief there is in fact such a thing as bad publicity here on MD. People are not stupid and nobody will invest any serious amount of ISK in your 'operation'. I don't know what your end goal is but you are not fooling anyone with your happy attitude and monthly reports, which by the way are not earning you any 'MD rep points'. What you are doing is running some role-playing 'bank' (which is not a bank at all as others have pointed out) with trivial amounts of ISK.

In addition to all this you have proven to be untrustworthy, you break your own rules when it suits you. You ignore valid questions and concerns and you troll reputable MD posters.

So again, what is your end goal?

1.) If you are trying to scam people then go ahead and continue what you are doing. I'm sure there are a bunch of other people or your alts who will be more than happy to give you their 100M. Just don't get your hopes up too much - you won't get billions out of this.

2.) If you are trying to run a legitimate operation - why don't you stop acting like a scammer? A good start is to actually talk to people who are asking you valid questions and stop ignoring them. Although you've dug yourself quite a big hole already.

There is no contradiction in her statements. I will unpack them slowly for you.

1. You are not actually a bank.

2. If you want people to take you seriously, answer serious questions.


Getting people to take you seriously would probably also involve turning your business model into a real bank, but the two statements are not contradictory.

Sorry for not expressing my opinion in a more poetic way.



So because I tell you to answer questions that implies that you are a financial institution? Are you serious?

If a teacher tells a student to answer questions, does that make the student a financial institution? Or in any way validate his claims - whatever they may be?



Role-playing has nothing to do with it. It's because of your business model.

@Naya - The business model makes sense now and we can see that he wasn't roleplaying. The reason it looked like he was was just that he had been lying about what he was doing with the isk and breaching the security procedures he claimed to have put in place. The OP eventually admitted that he is just running a normal trade operation after several weeks of evasion so the issue now is quite simple: the OP is dishonest, has openly stated that he does not feel bound to act on commitments he makes in public and, thus, cannot be trusted. But at least he came to see that his publicly stated business plan was nonsensical. So he's got that going for him.

@OP - You keep trying to analyse peoples' 'logic'. As someone who works with logic for a living let me say that what you are using is 'sophistic reasoning' not logic. The holes in your arguments are big enough to drive a coach and horses through and your attempts to misrepresent those who ask you questions are transparently unconvincing.

After thinking on it, we've decided to make some changes to section 4 of the Prospectus.

It makes no sense to label it "Deposit Insurance" in the Prospectus, then refer to it as a "Reserve" in the thread and treat it as such while going about our business.

A Reserve's function is to allow for instant processing of withdrawal requests, protect against a run on the bank and allow for the bank to capitalize on market opportunities as they occur.

It can't do these things and also act as insurance against loss of deposits on the market.

Thus, section 4 is revised from this:



to this:

We've made some additional changes to Sections 5 and 7 to better reflect our current status vis-a-vis the number of customer accounts we service and to allow for possible expansion of our activities and customer base (hopefully in July or August of this year).

EDIT: updated the FAQ as well.

For nobody else gave me a thrill
With all your faults, I love you still
It had to be you, wonderful you
It had to be you

Frank Sinatra - It Had To Be You

RAW23, that song spun up in my mind as soon as I read your post.

Let's have some fun, shall we?

That about sums it up.

Ooh, now you're making things up.

Anyone who made the decision ("formed a risk assessment" is just too wordy) to deposit funds with BFAR can withdraw those same funds.

Further, the type of expansion and the rate of same (read: number of additional accounts we take on) has yet to be determined.

We have the remainder of May, June and (likely) July to generate returns for our customers, consider our comfort level and our market position, and ponder just how we'd like to expand while preserving a consistent rate of return for our First Five accounts.

It's fine for you to assume we'll go with an unlimited expansion--we're not in charge of what you think.

But please, don't put words in our mouth.

That last part is subjective. It's a conclusion you've made, certainly, but it's still too soon for you--or anyone--to say what our exact pattern of deviation is.

In fact, we're still figuring it out ourselves. As we progress we'll continue to modify the terms of the Prospectus to suit our play/banking style.

You have a gift for turning unimaginative thinking into pretty sentences. Regardless, we were advised recently to sift through the dross to find the golden grains, so we'll listen to what you have to say.

Regarding your statement: anyone who makes a deposit is taking a risk. We look forward to continued business with capsuleers who're willing to take risks and have ISK sitting in their wallets not doing anything to help grow their ISK pile higher.

Speaking of business: we're estimating an ROI in the range of 150m to 200m for the month of May.

Things may yet turn sour, but that's OK. April taught us that we hate paying out the minimum, but it's better to pay it out then to go through herculean efforts (and deviate in the most significant way we could from the Prospectus as written at the time) in order to generate a higher return.

Not necessarily.

We limit withdrawals to the first ten days of the month.

From the 11th to the end of the month their exists a window of time for us to utilize the Reserve if and only if we see something that's too good to pass up.

Now for the month of May that hasn't been the case.

If we do utilize the Reserve we'll likely post something about it here. Likewise if we deviate from the Prospectus in some way.