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Hexxx
Minmatar
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Posted - 2010.07.08 17:25:00 -
[1]
Originally by: Josephina Marco and for real bank i mean a corporation/group/person/etc. that will accept deposit at an interest X% and that will lend ISK at an interest (X+Y)%. Because as far as I understand there are enough corporations/groups/persons/etc. that have the financial power to do such a thing
Time has proven that the technology is a bit tough to tackle. I'll explain.
Most people know how to pull the API, throw it in a database, and query the database for the results. But Banks need more. Few people have been able to build the technology (and even when they do, sometimes it fails spectacularly - Dynasty Bank for example) that a Bank would require.
Even if you do have the technology though, it's been proven that Loans aren't a great way for a Bank to make money.
Oh, then there's actually accounting for all the money the Bank has...another very hard to do thing. In all this time I've seen only one person do it decently -- a private Bank that ultimately failed. Projects Blog |
Hexxx
Minmatar
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Posted - 2010.07.08 20:12:00 -
[2]
Originally by: Eulalinda
Originally by: Josephina Marco and for real bank i mean a corporation/group/person/etc. that will accept deposit at an interest X% and that will lend ISK at an interest (X+Y)%. Because as far as I understand there are enough corporations/groups/persons/etc. that have the financial power to do such a thing
Because there is no REAL accountability in Eve, i.e. no way to enforce any agreement. You can't imprison someone for fraud in Eve, nor can you seize their assets once they're convicted in court.
No real consequences = No real bank
People have been banking since the third millennium B.C. I don't need to tell you that there was no FDIC back then -- not to mention banking regulations. Even more recently, the Bank of the Medici in Florence had no real regulation to contend with. Accounting was done out of necessity, not government mandate.
The Medici Banks gave loans to nobility. Can you guess what kind of enforcement an Italian bank had at it's disposal when the King of France defaulted on his loans? (hint: nothing)
No real accountability in EVE? How about no real accountability for the majority of Banking's history, that doesn't make them "not real" Banks though.
Projects Blog |
Hexxx
Minmatar
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Posted - 2010.07.08 20:35:00 -
[3]
Originally by: Jagga Spikes
there was always knee-breaking clause in history. none of that in EVE.
You had to find the offender. It wasn't like you could post an APB.
Hey, sounds like EVE! Projects Blog |
Hexxx
Minmatar
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Posted - 2010.07.08 21:17:00 -
[4]
Originally by: Jagga Spikes
Originally by: Hexxx
Originally by: Jagga Spikes
there was always knee-breaking clause in history. none of that in EVE.
You had to find the offender. It wasn't like you could post an APB.
Hey, sounds like EVE!
oh, come on! you can do perfectly non-tracable transactions in real life? you can keep running business from perfect security? in real life everything has a price. in EVE some things just can't be done.
You telling me those things were all possible for the Banks of Florence in the 1600's?
Projects Blog |
Hexxx
Minmatar
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Posted - 2010.07.10 21:23:00 -
[5]
Originally by: Otto3d You know why there will never be a successful bank? It is because people cannot be trusted, there is no consequences or law in EVE. Who is there to punish somebody who takes a loan but doesnt give it back? Certainly not CONCORD, you can place a bounty but that only works if they leave 0.4 sec space. No law or order means no civilized banking system.
Oh, you mean like collateral?
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