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Salpad
Caldari
Carebears with Attitude
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Posted - 2009.03.12 05:07:00 -
[91]
 Originally by: cosmoray
Salpad, your statements are not very reassuring.
If Manalapan disappears what amount of patching up can you do? Won't the ISK be gone?
Also I thought you resigned after the Xabier-gate issue?
If you are still the propaganda minister, shouldn't you be aware that Shar has joined the bank? Why don't you know how many employees there are?
You are the Tariq Aziz of DBank!!
I'd love to know how many colleagues I have, but the fact is, I don't.
I did find out pretty quickly that Shar Tegral had joined us, though, but we dont keep an official payroll, and new employees don't always introduce themselves at our internal forums. Also, I am reluctant to reveal my knowledge of recently hired people becuase I feel it is Manalapan's privilege to do that when he is good and ready, but then again given the rarity of his posts on here, perhaps I should change my policy in that regard...
Also, I don't believe you're thinking of Tariq Aziz. He was foreign minister of Iraq (and as far as I've been told also a Christian - not that that matters).
I think you are thinking of "comical Ali", who must never be confused with the war criminal "chemical Ali". I think the comical one was Information Minister (curious that democratic countries don't have Information Ministers - only dictatorships do), but I don't know what post the chemical dude held, although I'd guess something military.
As for patching up, if Manalapan gets hit by a bus, there is little I can do, but if it happens I'll do what I can.
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Salpad |
Alty MacAlterson
Alt Corporation
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Posted - 2009.03.12 05:25:00 -
[92]
Bank in Eve fails due to WoW, directors abscond with money
Film at 11
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Kitchie
Gallente
Kitchie's Logistics and Marketing Corp
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Posted - 2009.03.12 06:21:00 -
[93]
I'd like to expand a little on what Salpad has said (as he's now gone offline and I can't ask him to do it himself  )
It is true that it is unlikely that DBANK could continue to function as a bank if Manalapan was hit by a bus, but that doesn't mean that anyone would lose any money. It just means that the bank would have to close and repay all depositors.
Also Iknota has not disappeared forever. He is still responsible for the website and although he is unable to play Eve at the moment, due to other issues, we're hoping and looking forward to him being back soon.
I hope that clarifies things a little.
Kitchie
P.S. I am only a junior employee of DBANK so please don't ask me to answer anything too deep and meaningful 
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Joss Sparq
Caldari
Deep Core Mining Inc.
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Posted - 2009.03.12 09:04:00 -
[94]
Edited by: Joss Sparq on 12/03/2009 09:11:39
I normally try to stay out of the DBANK threads in any serious capacity, as I really only just like watching Ricdic and Shar sparring whenever possible. However, the post quoted below causes me enough concern about DBANK to post seriously why it causes me concern.
Originally by: Salpad
I'd love to know how many colleagues I have, but the fact is, I don't.
I did find out pretty quickly that Shar Tegral had joined us, though, but we dont keep an official payroll, and new employees don't always introduce themselves at our internal forums. Also, I am reluctant to reveal my knowledge of recently hired people becuase I feel it is Manalapan's privilege to do that when he is good and ready, but then again given the rarity of his posts on here, perhaps I should change my policy in that regard...
Also, I don't believe you're thinking of Tariq Aziz. He was foreign minister of Iraq (and as far as I've been told also a Christian - not that that matters).
I think you are thinking of "comical Ali", who must never be confused with the war criminal "chemical Ali". I think the comical one was Information Minister (curious that democratic countries don't have Information Ministers - only dictatorships do), but I don't know what post the chemical dude held, although I'd guess something military.
As for patching up, if Manalapan gets hit by a bus, there is little I can do, but if it happens I'll do what I can.
- By Salpad's admission DBANK employees don't readily know who other employees actually are when they are hired.
- Furthermore, there doesn't seem to be any working policy to get them talking to each other internally despite having an internal forum.
- By Salpad's admission he won't announce new employees - I think this is a little ridiculous considering his supposed role in DBANK.
- Furthermore, Salpad doesn't seem to have been given any clear mandate on what he can or should be talking about.
Also to say something specific about Salpad, a good half of your post consisted of you being led off on a tangental tale about Tariq Aziz, Iraq's foreign minister during the invasion of Kuwait in 1990 and later deputy prime minister. If I was to suggest anything about that then it is that you should probably try to stick to the subject of DBANK in DBANK threads, despite the apparent deficiencies of your position.
By the way, Muhammad Saeed al-Sahhaf (also known as Baghdad Bob) was the information minister of Iraq during the 2003 campaign against the Ba'athist regime there and was most likely to whom Cosmoray was trying to compare you against.
I'm not going to try and delve into having all the eggs in one basket strategy of management (also known as Manalapan) DBANK seems to have as I'm sure people have already raised this matter many times before. All I will say is that it seems more like investing into a single individual and not an organisation with checks and balances as one being called a bank usually implies. I do wonder how many of Manalapan's clients truly understand that when handing over their ISK.
Finally I'd like to clear up what I think is something of a misconception, Salpad:
Originally by: Salpad
(curious that democratic countries don't have Information Ministers - only dictatorships do)
You may find this list to be informative reading.
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Mr Horizontal
Gallente
KIA Corp
KIA Alliance
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Posted - 2009.03.12 12:13:00 -
[95]
I'd dispute that EBANK has had a lot of luck as Shar insinuates. It's been boiled hard in the cauldron and has a very thick skin. Has it made mistakes? Of course. Has it taken risks? Yes. And huge ones, considering 90% of EBANK's NAV was lent out at one point. Has it had a lot of luck? Not really, it's more perseverance and mitigation planning that has 'created' this perception of 'luck'...
One aspect people continuously worry about banks is that if/when they will scam like EIB. Well, what is true is that the banks themselves are far more likely to be the victims. Dynasty has had the Xabier incident. EBANK has registered more defaults against it than any other lending entity! Yet it survives strongly, because it has developed a framework that mitigates against such incidents - and such a string of defaults can only actually be seen as bad luck...
As such I wouldn't say there has been any particular 'luck' - it's just been managed properly.
Now to shift the focus somewhat since this is after all a discussion about Dynasty, is the biggest problem about Dynasty is that it thinks EBANK is its biggest problem. It isn't, it's themselves. They think EBANK is a competitor - it is and it isn't (when has EBANK ever claimed any threat or talked against Dynasty?) yet they are both banks, and they are only competitors because they operate in the same sector.
It may come as a surprise, that while Dynasty is a bank, what EBANK regards as it's closest competitor and threat is not Dynasty at all - it's BSAC. BSAC actually operates on a much closer parallel to EBANK yet the way it borrows its ISK from the public is different. Dynasty may be an interesting commercial bank offering innovative high-yield banking products, but I fear the scalability of the bank is so much shorter in vision than both EBANK and BSAC. Did you know that when Dynasty holds 500b, it will be paying out more in net liability (ie gross interest) than EBANK does on 4 times the amount of NAV?
What EBANK actually wants is a mature banking sector, preferably a tri- or quadrilateral banking sector rather than the bilateral one we have now, as while 2.5T combined NAV controlled by this sector is impressive, it's barely a drop in the Eve economic ocean. At EBANK I'm concerned now with how to look after 10-20T. How can I foresee we manage it? With many banks and massive public entities like BSAC facilitating a hugely liquid secondary market founded on an incredibly solid foundation.
Director | www.eve-bank.net |
Hexxx
Minmatar
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Posted - 2009.03.12 12:29:00 -
[96]
Mr. H is right. EBANK wants the Banking sector to grow...it is interesting (and accurate) that we view BSAC as our biggest competition. EBANK has taken risks, and some would say we still take risks. I'm currently in a bit of an argument on EBANK forums about our most recent vote because of risk factors around the voting outcome in fact.
A strong institution is led by strong management, EBANK has been lucky to have a strong team behind it from day 1. Beyond that initial luck, I'd argue we've done well because of the people working on the project and not any random lightening strike.
My concern with DBANK is that it has relatively capped the growth of it's management team. In fairness they took a rather bruising hit from Xabier and I can absolutely understand how this would hurt but just as risky is the risk of the Bank floundering from a management team that tries to do too much with too little. Compounding this is their continued belief that they need to offer the interest rates that they do.
I am not slamming DBANK and I will not slam them. I like Shar (we still talk on IMs) and I think he's a good influence on DBANK. I also think that they do want to improve and grow and I hope that they do.
EBANK - Chairman of the Board | www.eve-bank.net
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Zeddicus Mallows
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Posted - 2009.03.14 15:37:00 -
[97]
Friendly reminder to people who like customer service that you won't get it from DBANK. Take a look at the first page of this thread if you don't understand.
If you want more, or have questions don't hesitate to ask, but I would not put isk into DBANK, and suggest you do the same. |
Emywn Vanya
Caldari
Redemption or Retribution
The Second Genesis
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Posted - 2009.03.14 15:47:00 -
[98]
Friendly reminder to people who like customer service that you won't get it from DBANK. Take a look at the first page of this thread if you don't understand.
If you want more, or have questions don't hesitate to ask, but I have put isk into DBANK, and suggest you do the same.
Weigh the risk. ~ Decide
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The answer is 42 |
Ms Delerium
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Posted - 2009.03.14 16:13:00 -
[99]
I've used DBANK and theyre fast and secure.
IMHO we customers don't need to know about how they work, benefits, whatever. Who cares? Just ask for their services (if you agree the terms) and thats it. I totally recommend this bank.
However, I find that trading is way more profitable. So unless you are gonna stay inactive or almost inactive for a while, I call you to thing about it. Is it really worth??? Probably its not. Trade some days and you will earn twice you would with DBANK/EBANK/Whatever for 1month.
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YouGotRipped
Ewigkeit
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Posted - 2009.03.14 21:22:00 -
[100]
Originally by: Ms Delerium
I've used DBANK and theyre fast and secure.
/facepalm
Black Sun Empire |
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Evthron Macyntire
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Posted - 2009.03.14 23:47:00 -
[101]
Originally by: Ms Delerium
I've used DBANK and theyre fast and secure.
IMHO we customers don't need to know about how they work, benefits, whatever. Who cares? Just ask for their services (if you agree the terms) and thats it. I totally recommend this bank.
Bernard Madoff.
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Sigs like this. |
Manalapan
Dynasty Banking
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Posted - 2009.03.15 07:03:00 -
[102]
Edited by: Manalapan on 15/03/2009 07:03:57
Alright, I will provide a brief update here. Our withdrawal system is in full swing...finally...two more tellers have started processing withdrawals and I expect the other two tellers to start up shortly. Also, Iknota has come back doing development (not much playing EVE) so all those developments that were talked about in the December Report will get completed and launched. More details in our report coming out next week.
EDIT: Spelling Fail
Dynasty Banking |
Manalapan
Dynasty Banking
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Posted - 2009.03.20 17:44:00 -
[103]
This did not really warrant a new thread, but please will everyone stop sending poor Clotho their deposits.
Only send ISK to Iknota or Manalapan.
Dynasty Banking |
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