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Kalrand
Charles Ponzi School of Business
GoonSwarm
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Posted - 2009.08.26 16:54:00 -
[1]
In order to have a functioning bank, you need two things which largely don't exist in empire space: consequences for actions and a healthy loan market.
0.0 space has both of these, if you are operating within the bounds of a large alliance.
I've spoken about it here on the forums that raising money from empire resident (largely you guys) and loaning it to a 0.0 bank would be wildly profitable.
But that's not going to happen in the current environment.
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Kalrand
Charles Ponzi School of Business
GoonSwarm
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Posted - 2009.08.26 19:02:00 -
[2]
 Originally by: Slave 2739FKZ
And how do you enforce such 0.0 entity? You simply can't, hence is an other obvious scam waiting to happen.
Off the top of my head? Kick them out of the alliance, and don't give loans to people where that wouldn't be a significant penalty (people with thriving businesses, long histoy, moons, etc). Or if they run off with their assets to some empire corp? Threaten to wardec wherever they go. Empire corps usually hate having big scary enemies.
Beyond that, yea your out of luck, but you do need some level of standards, diversity, and serious interest rates.
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Kalrand
Charles Ponzi School of Business
GoonSwarm
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Posted - 2009.08.26 19:29:00 -
[3]
Originally by: Secondskin
:words:
Dead concept.
Ask yourself, how did money lending work 400 years ago.
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Kalrand
Charles Ponzi School of Business
GoonSwarm
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Posted - 2009.08.26 20:05:00 -
[4]
Originally by: Slave 2739FKZ
Originally by: Leowen
To the goon above me, when I asked how you enforced that 0.0 entity, I was asking about the alliance who acts as government controlling the bank. No one prevents GS (for example) of scamming trillions without any consequence.
I have a name.
You're right. Nothing stops the Goons from scamming trillions of isk from anyone. May God help you all if we ever start doing it on an alliance level.
I was referring to a bank that loaned money to 0.0 residents (yes, in my example it would be goons) and how it would enforce against default.
Remember, in Ebank's case, its the loan defaults that caused this crisis, not Ricdic's direct embezzlement. DBank was probably burnout, and who knows about all the other proto banks out there.
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Kalrand
Charles Ponzi School of Business
GoonSwarm
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Posted - 2009.08.26 22:34:00 -
[5]
Originally by: Kazzac Elentria
Originally by: Kalrand
I have a name.
Robert Paulson?
..low fruit I know
You saw what happened when he was in charge...
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Kalrand
Charles Ponzi School of Business
GoonSwarm
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Posted - 2009.08.27 14:25:00 -
[6]
Originally by: Leeham
The sad fact is the only way any banking system in eve would work is if it were run by Chribba
Yea, but what would his cut be?
Actually... that's a serious question...
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Kalrand
Charles Ponzi School of Business
GoonSwarm
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Posted - 2009.08.27 14:44:00 -
[7]
Originally by: Tekota
And even Chribba isn't (to my knowledge) immune to runaway buses. Actually that's a bit of a sad thought really, everyone puts in a "hit by a bus" clause as one of the things to guard against - some poor sod still warm and sticky on the pavement and hundreds of spaceship nerds saying "but what about my pixels?!?!one1". Sad indictment on the human condition. As both a human and a spaceship nerd I'm suddenly all ashamed of myself...
My question reflected the fact that hes an intermediary between 0.0 alliances and also between Highsec people.
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Kalrand
Charles Ponzi School of Business
GoonSwarm
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Posted - 2009.08.27 23:59:00 -
[8]
Originally by: Amodeus Dralnalak
However, to mangle a movie quote about collateral, "Are you kidding? If I had something worth a million ISK, I'd sell it and then I'd have the million ISK."
I believe that BMBE will copy your BPOs while they have it in for collateral, and give you the copies.
With most collateral for loans deals I've seen, you loose access. At which point that argument becomes valid. If there was a way to keep the asset in production, it could be done.
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