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Niskowitz
Quantum Cats Syndicate
7
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Posted - 2012.07.05 15:01:00 -
[1] - Quote
Allow a pilot to click on a buy-order and enter a quantity of items (subject to min-size restrictions). A credit check is done to see if there is enough isk in the wallet to cover the transaction, otherwise the buy order is cancelled. The credit check itself costs some nominal fee as well.
This is to counter margin-trading scams. It still allows them to exist as a unwary pilot won't bother checking, but it allows someone to 'call the bank' and see if the order is possible first. It involves a manual process and an isk cost so people won't go credit-checking every single order, but if other signs point to the order being false a user can take action. |
mxzf
Blackened Skies
1874
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Posted - 2012.07.05 15:55:00 -
[2] - Quote
Personally, I think the best way to counter MT would be to limit the minimum quantity based on the percent of ISK that the MTer put as a down payment. If you put a buy order up for 100 items but only put 50% payment in to begin with, then your maximum "min quantity" is 50. Then if you have no ISK to pay for the order (empty wallet and no more deposit), the order vanishes. |
TotalCareBear
Republic Military School Minmatar Republic
4
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Posted - 2012.07.05 16:50:00 -
[3] - Quote
I think the issue isn't margin trading, but the 5 minute time limit. While the idea of 5 min time limit is to limit 0.01 ISK trading, the effects are quite opposite. Instead of discouraging it, this system actually guarantees, that prices change slowly and by little. If there were no delay, people would start undercutting not by 0.01 ISK, but rather, by say 1%. This would give both of the sides a lot more to think, such as "hmmm, the prices are too low, they will rebound, and there is no need for me to undercut him." This sounds a lot better than the 5 minute 0.01 isk games. |
Greg Valanti
Looney Clones
55
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Posted - 2012.07.05 17:25:00 -
[4] - Quote
mxzf wrote:Personally, I think the best way to counter MT would be to limit the minimum quantity based on the percent of ISK that the MTer put as a down payment. If you put a buy order up for 100 items but only put 50% payment in to begin with, then your maximum "min quantity" is 50. Then if you have no ISK to pay for the order (empty wallet and no more deposit), the order vanishes.
Wouldn't really change anything because those who margin trade scam correctly fill their own buy orders to deplete all the ISK in the order. So if they are placing an order for 100 items but can only have a minimum or 50, they will just be fulfilling their first 50 anyway and will still have a busted buy order up. |
mxzf
Blackened Skies
1875
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Posted - 2012.07.05 17:41:00 -
[5] - Quote
Greg Valanti wrote:mxzf wrote:Personally, I think the best way to counter MT would be to limit the minimum quantity based on the percent of ISK that the MTer put as a down payment. If you put a buy order up for 100 items but only put 50% payment in to begin with, then your maximum "min quantity" is 50. Then if you have no ISK to pay for the order (empty wallet and no more deposit), the order vanishes. Wouldn't really change anything because those who margin trade scam correctly fill their own buy orders to deplete all the ISK in the order. So if they are placing an order for 100 items but can only have a minimum or 50, they will just be fulfilling their first 50 anyway and will still have a busted buy order up.
Re-read my last sentence, I did think about that. I suggested that market orders vanish (like a popped MT order) if there's no longer any available funds behind it.
And @TotalCareBear, you seem to have completely and utterly missed the point of the thread. This is about MT scamming, not 0.01 ISK games and sales taxes. |
Greg Valanti
Looney Clones
55
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Posted - 2012.07.05 17:47:00 -
[6] - Quote
mxzf wrote:Greg Valanti wrote:mxzf wrote:Personally, I think the best way to counter MT would be to limit the minimum quantity based on the percent of ISK that the MTer put as a down payment. If you put a buy order up for 100 items but only put 50% payment in to begin with, then your maximum "min quantity" is 50. Then if you have no ISK to pay for the order (empty wallet and no more deposit), the order vanishes. Wouldn't really change anything because those who margin trade scam correctly fill their own buy orders to deplete all the ISK in the order. So if they are placing an order for 100 items but can only have a minimum or 50, they will just be fulfilling their first 50 anyway and will still have a busted buy order up. Re-read my last sentence, I did think about that. I suggested that market orders vanish (like a popped MT order) if there's no longer any available funds behind it.
So all they need to do is leave enough money for 1? The point of legitimate margin trading is to allow players to place an order without the necessary funds on the belief that they will have those funds available in the future. If the check occurs before the order is ready to be completely fulfilled then it negates the use of the skill in the first place, no? |
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