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Jion Tichy
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Posted - 2010.09.08 20:36:00 -
[1]
Edited by: Jion Tichy on 08/09/2010 20:45:22
I am offering my services as an auditor.
What I bring to the table is years of real-world investment in biotech. Some larger companies but primarily startups and smaller (non-pinksheet) firms. I've also been involved in the energy industry as a risk-management and technical consultant for a variety of alternative power companies.
Any audits I perform will consist of several steps:
* Disqualification Pass. Has the person requesting the loan, or the bond manager, been involved in any shady dealings in the past? Is the toon a recent purchase? Has the toon bought or sold characters? If so, are any of these characters or "previous owners" affiliated in any way with scammers or cheats?
If so, no deal and I won't get involved. This initial step will occur before any payment is delivered to me and is my personal bottom line-- in other words I'm not interested in working with borrowers who don't possess these very minimal qualifications. Also, the borrower's toon must be six months old and have a verifiable work history.
* Business plan pass. I will expect a detailed written business plan (500 words or so) from the prospective borrower. This plan may be displayed publicly or I can keep it private. I will be analyzing the profitability of the fund or business.
* API pass. I will be provided with the borrower's full API. I will be scrutinizing market orders, fund transfers and contracts. I will be scrutinizing the history and provenance of people providing fund transfers. I will be scrutinizing the security status and associations (alliance, corporate, killboard, etc) of the borrower's toon and all alts on the account and every account associated with the fund or instrument. Piracy will not be considered an automatic disqualifier but will inform my final risk judgement in the same way that a criminal record would apply to a prospective corporate financial officer.
* Business network pass. Does the borrower have business references? Who works with the borrower? What firms does the borrower do business with and under what conditions? This will include a full employment background check. It will also include research into forum posts made by and concerning the borrower.
At this point I will be issuing a numerical risk management score in the form of a percentage, in addition to a detailed summary of my findings.
My fee will be 1% of the loan amount for a basic investment or loan. In other words, for a 1 billion ISK loan, I will be paid 10 million. This percentage will increase for more complex arrangements. My suggestion is that 50% of this amount be paid by the borrower and 50% by the lender to split the difference, or I will accept payment from an external impartial source. If a borrower fails any given pass to an egregious degree I do reserve the right to terminate the audit at that point and deliver a negative recommendation.
The number I will be issuing should in no way be construed as a recommendation to buy, but simply as the opinion of a neutral observer with business experience. At the end of the day, the audit is just part of a process of due diligence and investment in noncollateralized or partially collateralized loans or funds should be the sole responsibility of the lender. Caveat emptor.
My personal mindset tends overwhelmingly toward cynicism rather than naivete and therefore I will be making an effort to present my findings in a neutral manner. At the same time scammers fishing for free lunches shouldn't expect a free ride from me.
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Jion Tichy
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Posted - 2010.09.08 21:13:00 -
[2]
 Quote:
It's nice that you (claim to) have real life experience, but what's your experience in EVE?
Primarily trading. I realized pretty quickly that there are some annoying limitations and artificialities to the whole "pew pew" thing here, and I'm risk-averse anyway so it ended up not appealing to me. Missions and mining also don't appeal to me. Beancounting does appeal to me.
Quote:
What does the percentage add to the detailed summary?
Part of the reason for auditors is for attention conservation. Someone may not want to read a detailed account of associations, fund transfers, et cetera. Or they may skim it and read portions in detail based on a breakout summary or abstract.
One thing a lender who didn't have much time might do would be to come up with a comfortable risk threshold for a given amount of money. Then they might get one or even several audits from a number of parties, each providing a percentage or other numerical value. When all the audits were delivered, the decision might be taken primarily on an average of the risk percentage numbers provided by multiple auditors.
Quote:
Seems like a low amount for a lot of work.
Do you suggest that I charge more? If the total return on a fund is expected to be 6% per month, is it really fair for an auditor to charge 33% of that? Perhaps the prospective borrower could pay. If I'm doing larger funds, they will be more complicated to one degree or another, but presumably there is an economy of scale at some point such that 1% of the total fund amount would pay me well for my time. Do you think I should ask for 2%?
I am a beancounter and I enjoy this sort of thing. I've exposed liars, shills and con men in real life, putting in many hours of work for no pay whatsoever, as well as in the service of paying employers. In one case the person initially paying me was the person who I exposed as a fraud. I did it because I enjoy doing it. I enjoyed the process. I enjoyed holding the culprits' feet to the fire, until they were literally begging for mercy, though I don't see the point of doing that so much in here. I'll just issue my opinions and let them speak for themselves.
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Jion Tichy
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Posted - 2010.09.08 21:44:00 -
[3]
Quote:
A guy starts a bond. His business is done at a low sec tower. He will in bring in a station in that solar system a lot of materials with a JF once a week and will daily haul them to the tower with an indy / transport.
What will you make sure the guys does with the JF? And where should he have the POS for maximum indy safety?
One recommendation that I might make is that he stock the materials in a cloaked Orca instead of putting them in a station, since station exits are a severe problem even when it's not you they're looking for. That's just an idea though. If by where he should have the POS you are asking what lowsec system, I would suggest deep lowsec to lessen the risk of gatecamps and other opportunistic piracy.
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Another guy with a capitals BPC copy IPO wants has to have you check his hi sec POS setup, because investors want to be sure it's protected. You can find tons of stuff: faction tower, neuts, hardeners, guns, missile launchers, scramblers, you name them.
What tells you that the guy is a noob?
First, I am not a POS warfare expert, so I would not necessarily want to make recommendations regarding POS defense setups. There are two other questions regarding the business. First, are you referring to a BPO copying operation, a research operation or a manufacture operation? If you're talking about a manufacture operation, the problem inherent with cap manufacture in hisec should be obvious. If it's a research or copy operation I would be very skeptical about doing this in hisec because of the possibility, again, of opportunistic wardecs.
A tower that mixes guns and missile launchers is looking to me like a failfit because the different types of weapon that you mentioned-- since racial and faction control towers offer bonuses to one weapon type or another, mixing them would be a problem. In this sort of situation, if I were to make a recommendation (which again I would not be doing), I would recommend that the POS owner go for a d*ckstar setup to maximize the time it would take to take down the POS, with merc corp support in an active maneuver defense role to assault and attrit the POS-bashing team. Again, for even a research POS, I'd recommend that it not be sited in hisec in the first place-- instead I might recommend that it be placed in a c1 or c2 wormhole for reasons of defensibility.
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A third guy wants you to hold collateral for his bond. He needs to cover collateral for 3B so he offers 1,250,000 livestock. What do you tell him?
Well, for one thing, that's undercollateralizing the loan by almost 1/3. For another thing, livestock is not exactly a commodity that lends itself to any sort of liquidity. In other words, not enough of it moves for the investor to be able to cash in the collateral in anything close to a reasonable timeframe. I would find him extremely questionable to say the least-- personally I would not get anywhere near a person who wanted to play that sort of game and I would recommend that investors "steer" clear as well.
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Jion Tichy
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Posted - 2010.09.08 22:00:00 -
[4]
Quote:
From the answer you gave to my question I would've guessed that you lack experience; from the answers you gave to Vaerah Vahrokha's question I know that you lack experience. I had no idea that the answers to those questions could be botched so completely. Suggesting to move an operation funded by investors to a wormhole to make it safer, was that a joke?
Your opinion is appreciated.
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Jion Tichy
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Posted - 2010.09.08 22:21:00 -
[5]
Quote:
That's nice, as my opinion is based on 4 years of ingame experience and, perhaps more importantly, 4 years of forum whoring (2 of which on MD).
Just a general rule of thumb for your forum whoring: you will accomplish much more with basic civility and politeness than with curtness and rudeness. If you want anything from me you will need to be polite, and frankly I don't care who you are in the MMO. Your behavior is consistently out of line.
Just a sidenote: What's your relationship to Bad Bobby?
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Jion Tichy
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Posted - 2010.09.08 22:30:00 -
[6]
Hexxx, any questions you have or suggestions, I will be happy to hear them.
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Jion Tichy
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Posted - 2010.09.08 23:03:00 -
[7]
Originally by: Vaerah
Third reply: that's a decent reply, but the most obvious alarm bell would be the livestock price is topping something akin to an head and shoulders pattern, that is something that soon will see the item price drop like a rock.
In many cases technical analysis is akin to witchcraft. I mean, I know Head and Shoulders and a number of other patterns but there are numerous factors that come to bear in RL stock trading that don't exist in the game, and so I'd be much more concerned with "world events." I certainly wouldn't be touching livestock but that's more because of the recent precipitous rise, I'd be concerned that it's highly overvalued and that upcoming changes might even cause an overcorrection.
But if someone offered livestock as collateral my main cause of concern wouldn't be the chart :)
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Jion Tichy
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Posted - 2010.09.08 23:14:00 -
[8]
Originally by: Estel
It's a bit more complicated than that actually. Likeability is a factor in communication (/persuasion), but certainly not the only one, and likeability is only in part determined by things like civility and politeness.
Then there's the matter of what I'm trying to accomplish - this is an open forum and my aims might vary from trying to convince you, to trying to convince other regulars, to trying to convince lurkers. I'd argue that each would require a different communication strategy.
Finally there's the context in which this conversation is taking place. This is MD, you can count on me being more direct in my communication here than I am for instance in the New Citizens section of the forum.
It's obvious that you're positively motivated. One way that I judge character is by observing how people treat individuals who can do nothing for them, such as waiters. This is a very powerful measuring device and never seems to lie. For me, politeness is an end in and of itself and I try to be polite regardless of the circumstances.
Quote:
I asked about Janya Rykayn because she's the founder of the corporation you're in and she's been posting on MD recently.
Janya is my former CEO. The reason that I'm still in the corp is because the tax rate is zero. As far as I can tell the corp is completely nonfunctional but that's neither here nor there. From what I can tell the people I knew in corp no longer play. But my gameplay is almost 100% solitary and I am easily annoyed by chat, so from my perspective I don't see the point of leaving, or of staying.
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Jion Tichy
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Posted - 2010.09.08 23:42:00 -
[9]
Quote:
Not to sound elitist (I'm sure someone will jump on this and call me elitist anyway), I actually wrote about principles based auditing using a similar methodology a year and a half ago.
I don't think that sounded elitist. It's actually pretty standard and obvious risk management (6-Sigma, CARVER, etc all work on similar principles...)
All in all it's just due diligence. The auditors do the due diligence, they package it up and report the results. Then the investors don't listen and they invest anyway. Everyone loses piles of dough except the auditor, whose only duty at that point is to refrain from ever, ever saying "I told you so."
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Jion Tichy
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Posted - 2010.09.09 08:37:00 -
[10]
Varo: Once again, you'll need to adhere to basic standards of civil behavior if you expect a dialogue with me. If you are unable to do so, we won't be talking.
Ramingo: I did see their rude treatment of you as well. I'm very interested at the effort a few regulars here put into attempts to drive off auditors. I sit and ask myself why that is. How about you?
The fact remains that the largest scam in 7 years just occurred in part due to a complete lack of auditing. What recommendations were made, were not followed. Thus, while facility security is important for obvious reasons, I find the emphasis to be putting the cart before the horse, to a degree that it begins to resemble a red herring.
The main problem here is not POS security. The problem is borrowers running off with investor money. Except insofar as information security compartmentalization is required, any specific plant security measures should be inspected by POS warfare experts, not during financial and personal background audits.
In an environment where there are very few auditors, where the largest scam in the game occurred due to a lack of competent auditing, where many of the current clique members ostensibly lost huge sums of money, one has to ask oneself why the clique attempts to deter auditors from outside of the clique.
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Jion Tichy
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Posted - 2010.09.09 09:09:00 -
[11]
Cyaxares: I find the attacks against auditors to be very interesting indeed, for a number of reasons, reasons that are not nearly as simple or as obvious as you seem to think.
What auditors do is that they conduct due diligence on the part of investors. As auditors gain more experience, they get better at doing this. Since they do it every day, they are not only better than the investors who hire them, they are better than shills who don't set up scams every day. Auditors simply see more offerings, legitimate and otherwise, than the shills do.
In many situations, the due diligence performed by auditors is substituted for due diligence on the part of investors. This should not be the case but it often happens that way for a variety of reasons.
To provide investor security, and to protect auditors, a list of procedures should be followed, containing current best practices. When these practices are followed, you have due diligence.
In my case, I will be following best practices. I will be accepting recommendations and advice as to what these best practices are. These recommendations and advice represent industry knowledge and expertise.
When dealing with me, as previously stated, recommendations and advice will have to be phrased in a polite manner. If they are not, they will not be acknowledged. Polite behavior represents a minimal baseline for communication. I suggest that others insist on the same.
Best practices represent a codification of due diligence. For investors, due diligence involves employing the services of an auditor. For auditors, due diligence involves following best practices. When best practices are followed, the choice to invest falls back to the investor.
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Jion Tichy
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Posted - 2010.09.09 10:08:00 -
[12]
Quote:
As far as I am concerned I cannot recognize any general attacks on auditors from the people you had to deal with in this thread so far - rather the other way round: you have received many serious replies with good advice from people who would be very interested in seeing more auditors in MD.
Yes, and serious advice is taken under advisement when it's phrased in ways that fulfill basic criteria of civility. Where I'm from, this is just the very baseline of professional behavior. Perhaps your definition varies. I simply don't deal with people who are uncivil.
On that note, do you have any recommendations for auditing best practices? I am in the process of compiling a policies and procedures document for auditors.
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Jion Tichy
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Posted - 2010.09.09 10:43:00 -
[13]
Good advice, Breaker. I've read those threads and they're packed with good information.
When I say I'm compiling a document, I don't mean a document that I intend for you to follow. I don't expect anyone to follow it but myself. I will publicize this document in order to make it available for suggested revisions.
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Jion Tichy
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Posted - 2010.09.09 10:59:00 -
[14]
Quote:
The main problem here is that you are not asking me: "why do you ask me about POS security? I am the accountant dude!"
I did say that, or cognates thereof, repeatedly.
Other than that, good advice. Any other specific recommendations?
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Jion Tichy
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Posted - 2010.09.09 12:13:00 -
[15]
More good advice. What I will do will be very cut and dried, with a clear and open procedure and criteria. Ultimately it will be the option of the investors whether to accept the investment or not. By the same token, it will be their option whether to accept my auditing services or not.
I will inform them of my procedure. They will be free to suggest modifications to my procedure. I will follow my procedure and deliver a summary of findings. If, post-facto, someone has a problem with the procedure that I followed, then the time to have voiced it would have been during the modification phase.
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Jion Tichy
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Posted - 2010.09.10 09:09:00 -
[16]
RAW23: As someone stated, it may be possible to make more of a decent profit over time with second and later rounds of investment, and that was my original thought. And I had also thought that it might be a good idea to charge less at first until people get an idea of what I am offering. But you're right that more would be better. Do you think 2% per offering?
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Jion Tichy
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Posted - 2010.09.10 10:47:00 -
[17]
I find it interesting that community disbursement for auditing fees is controlled by a single, central organization with a small number of members.
I guess I'd feel better if my fee were either covered entirely by the borrower (onus of proof being on the claimant, to discourage jokers) or were split evenly by the borrower and lender.
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Jion Tichy
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Posted - 2010.09.10 11:26:00 -
[18]
Quote:
could you please respond to my earlier concerns about your declared approach of only accepting scrutiny from those who conform to your personal standards.
Specifically where did you mention this earlier?
I do require that those who I will deal with behave in a professional manner if they expect responses from me. This is simply not up for negotiation. I recommend the policy highly.
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Jion Tichy
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Posted - 2010.09.10 11:36:00 -
[19]
Quote:
As I say there, this policy is simply not viable. As an auditor you will be constantly scrutinised. You cannot pick and choose which people you will accept scrutiny from
Actually I can. People who are impolite are showing themselves as immature jokers. They have the option of either phrasing their scrutiny in a polite manner, or, in lieu of that, holding their peace. I will simply not respond to the long-standing pattern of rude behavior consistently exhibited by some people here, some of them among the most respected. In my opinion, they are showing themselves for what they really are. This is how I conduct business in the Real World, and it is how I will be conducting business here.
This is my final word on this subject.
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Jion Tichy
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Posted - 2010.09.10 11:51:00 -
[20]
Quote:
Two of these are phrased rudely but are not repeated anywhere else in the thread.
The people who behave this way are showing themselves as rude children and their views will be immediately thrown out, the way someone who showed up drunk and screaming at a business meeting will be shown the door.
I am polite myself and I insist on politeness from others. And I think you're misunderstanding something. If the rude, uncivil children don't wish to deal with me because of this policy, I support their desire to deal with someone who will accept rude, childish behavior. In fact, I insist on it.
I've stated my policy on this subject repeatedly. If you are looking for a kick-around toy, I suggest you talk to one of the other auditors, who seem to enjoy abusive behavior.
I suggest to other auditors, and in fact everyone who does business here or in the real world, that they adhere strictly to the same policy. Like so many other similar things, those who argue against it expose their agendas.
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Jion Tichy
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Posted - 2010.09.10 12:03:00 -
[21]
No.
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Jion Tichy
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Posted - 2010.09.10 13:51:00 -
[22]
Quote:
As to your suggestion that I have some agenda to protect the frequently dubious tone, you might want to have a look on eve search. You will find that I have been more vocal than most in condemning it.
I appreciate your concerns. My policy in this regard is very simple and is referred to as the "no a$$hole rule." I encourage you to join me.
Now, anything substantial to offer regarding audits themselves?
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Jion Tichy
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Posted - 2010.09.10 14:00:00 -
[23]
Quote:
It was over when he give nonsense answers to VV's questions. It was also over when he refused to disclose his main. This pet peeve about not responding to rude posts is the least of his problems.
Estel, as I said earlier, your comments have been taken under advisement.
I encourage you to join me in insisting on professional manner and behavior, from others as well as yourself, as difficult of a change for you as it might be. I think you will notice a great difference in the way others treat you. You're in a position of being able to improve the quality of discourse here. Be the change you want to see in the world.
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Jion Tichy
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Posted - 2010.09.10 14:47:00 -
[24]
Edited by: Jion Tichy on 10/09/2010 14:48:22
Quote:
Actions, not words, change the world, and I am changing the world, one jumpclone at the time. (Incidentally I just accepted the 10.000th user to my free jumpclone service, a service which is generally valued at 5M isk - that's a 50 billion isk contribution to the community.)
That's certainly nice of you, but is a completely separate issue from abrasive and immature behavior. Many people play MMOs so that they can be a bigshot in the MMO, in order to mistreat others. This is common enough that there's a term for it: "The Personality." Civil communication must be the baseline for all productive interaction.
As I said, however, your comments are taken under advisement.
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Jion Tichy
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Posted - 2010.09.10 15:04:00 -
[25]
Quote:
Then there's people like you. You're not a waiter. You're some kind of health inspector who, without any credentials or experience, barges into a restaurant claiming to know how things should be done. That health inspector gets **** from me - perhaps even literally.
Interesting that you'd use that analogy. Also interesting that someone who invested money in Bad Bobby's transparent scam would accuse someone else of inexperience.
You are affiliated with MD. If MD was a restaurant, it would have been closed down long ago for numerous flagrant code violations.
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Jion Tichy
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Posted - 2010.09.10 15:24:00 -
[26]
Quote:
That would be a non-sequitur if I had invested, but I don't think there's anyone who would consider my 3 (three) T4U shares of 1 million isk each to be an 'investment'
It would be a nonsequitur if you had not, in fact, invested. You also referred to it as an "Historical Opportunity."
Quote:
And I would welcome anyone with sufficient experience and proper respect for MD's history to do something about it.
Proper respect for its history of scams, ponzi schemes and other fraudulent instruments, much of which has taken place under your watch.
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Jion Tichy
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Posted - 2010.09.10 15:32:00 -
[27]
Phoebe: Your concerns are appreciated and will be taken under advisement.
I will soon be forming a corporation dedicated to auditing and due diligence.
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Jion Tichy
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Posted - 2010.09.10 15:40:00 -
[28]
Edited by: Jion Tichy on 10/09/2010 15:43:07
Quote:
If you want to call my judgement in question, you will want to find a better example than T4U.
A better example than an obviously fraudulent investment which you not only invested in, but made an apparently positive comment about, and apparently said very little as others invested huge amounts?
I think I'd have to look pretty hard to find a better example than that.
At this point you're also defending an investment being offered by someone named Stealing Honest, and you're asking for examples of bad judgement on your part?
You aren't an investor in Real Life, are you? 
Phoebe: As I've stated, your concerns (and those of all others who have posted here) will be taken under advisement. Many of them seem highly invested in an attempt to dissuade and deter outside auditors. As I've stated here, these attempts are only part of a long-standing pattern of attacks on auditors who are not part of a small and closely-knit group.
Don't you agree that an outside observer might find that interesting?
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Jion Tichy
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Posted - 2010.09.10 16:04:00 -
[29]
Quote:
An "apparently positive comment" followed by a mega-investment of 3 million isk. Read between the lines...
And a lot can be said about T4U, but not that it was not historic.
But you did invest. Earlier you tried to say that you didn't invest. Which is it?
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People invest all the time in things I don't or wouldn't invest in. This is a free world.
But you said nothing. I find that very interesting.
Quote:
I've answered that one here. As I said, I'm not willing to hijack that thread. If you wish, I'll be happy to continue that discussion here. I'll start by noting that you've again not responded to the argument I've made.
You're not willing to say anything about an obviously fraudulent investment and you're apparently willing to invest time to defend it. Other than making a note of that here, any further discussion of Stealing Honest will take place in that thread.
I will go on record again here as saying that I believe the Stealing Honest investment is fraudulent, prima facie.
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Jion Tichy
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Posted - 2010.09.10 16:12:00 -
[30]
Quote:
but that comment will appear in any search a potential client makes on you.
Phoebe, I appreciate your comments. It's admirable that you are so concerned for the wellbeing of MD investors.
I will be directing people to this thread myself. Anything else you have to say, please feel free to put it here.
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Jion Tichy
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Posted - 2010.09.10 16:24:00 -
[31]
Quote:
As I said before, buying a few shares as memorabilia (as I did with Otherworld Enterprises) is not an investment.
Investment is not investment?
As for your defense of the Stealing Honest investment, you may continue that in the thread where discussion of that investment belongs.
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Jion Tichy
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Posted - 2010.09.10 16:59:00 -
[32]
Edited by: Jion Tichy on 10/09/2010 17:03:15
Quote:
If this is what people can expect when you do an audit
This is exactly what people can expect. I will very likely cast an extremely jaundiced eye on any offering. I will not be likely to offer recommendations or even "Looks fine to me," but will explain my findings within extremely clearcut bounds and according to strict and inflexible terms. I am ordinarily a very flexible person but in situations like audits, deviation is a problem-- there is a reason why most accountants and reputable financial types are very rigid people. This rigidity protects them post-facto as well as protecting the investors who can be sure they are getting what they ask for.
My tendencies toward negativity and cynicism could conceivably cause me to recommend against offerings that might conceivably be legitimate; therefore I will be offering evaluations according to a list of criteria. Upon issuance of my (most likely negative) evaluation, investors will not listen to me and will invest anyway, preferring the siren call of isk to caution. Perhaps some happy medium will be reached between cynicism and the desire to fling money away on fly-by-night blueprint scams.
None of my comments should be taken as criticisms of you personally, nor of anyone else-- this is simply the way I am after 20 years in a variety of businesses. My experiences and observations have taught me cynicism. I've seen people robbed of literally millions of dollars by people who were such obvious liars that it's astonishing that others would ever believe them. I've watched sharp businessmen ripping each other off, then having each others adult KIDS arrested, having off-duty cops roll in and confiscate everything. I've watched misdirection of funds. I've brought a best friend into a business and then watched him become like a rabid dog as soon as he thought he could torpedo me and get at the funds himself! (He was unsuccessful and should have known better...)
I'm blathering on now but this is where I'm coming from. Eve is just more of the same, and my real-world experience is that people are often more concerned about holding onto isk than they are about dollars.
I've also told a really-and-truly millionaire employer to go fck himself because he thought it would be a good idea to scream at me over the phone. I guess I'm just not much of a licker.
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Jion Tichy
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Posted - 2010.09.10 17:02:00 -
[33]
Quote:
Now people need to believe in voodoo in order to become auditors? MD is doomed.
Part of the reason that technical patterns work is that there are a number of dynamics that arise when people get concerned about behavior of a commodity. Head and Shoulders is the picture of a self-fulfilling prophesy. In the real world, where people know about technical analysis, the pattern is even more pronounced.
In Haiti, people die from voodoo curses. Belief is a powerful thing.
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Jion Tichy
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Posted - 2010.09.10 17:19:00 -
[34]
Quote:
Nice story bro.
Your true persona shows itself again. Try to hold on to the thin veneer of maturity, or you can go back to the children's table.
Let's start again from the part where you were defending a prima-facie fraudulent investment. Try to be polite this time.
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Jion Tichy
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Posted - 2010.09.10 19:06:00 -
[35]
Quote:
Whilst I believe that you will dismiss the below quote because of the name of the poster, in the same way that I expect you to dismiss this post,
Oh, I don't dismiss it solely on that basis. Personally, for me, it would be below my risk threshold for obvious reasons.
Do you feel that a name like like "Bad Bobby" and "Sosumi Uhoar" or "Stealing Honest" is a positive or negative indicator?
FWIW, I would also be biased against someone named "Honest Jim," again for obvious reasons.
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Jion Tichy
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Posted - 2010.09.10 19:36:00 -
[36]
Your opinion is valuable, Varo, and contrary to what you may think, I'm listening to everything that people say here. When I say "taken under advisement," it's the short version of "I'm listening to what you have to say, and I may or may not act on every piece of advice that I receive, but your opinion is appreciated and will be taken into account."
Were you burned by this latest scam, if you don't mind my asking?
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Jion Tichy
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Posted - 2010.09.10 19:49:00 -
[37]
Quote:
He's too busy running a rather a large IPO to invest
What about the Fraction Loot IPO? I was thinking about investing... look legit to you?
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Jion Tichy
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Posted - 2010.09.10 19:58:00 -
[38]
Edited by: Jion Tichy on 10/09/2010 19:58:41
Kiddin.
Long time back there were guys hawking "Dread Guristers" faction loot and having success with it.
Just for future reference, if you ever see me say "I'm thinking of investing," you know it's a joke.
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Jion Tichy
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Posted - 2010.09.10 20:40:00 -
[39]
Edited by: Jion Tichy on 10/09/2010 20:41:53
Quote:
You may be listening, and you may not. It pays to take an extremely cynical view of people in MD, so I'm still inclined to take the latter view.
Well, yes! I'm exactly the same way, and I'm continually nonplussed when people place large amounts of trust in people who it's immediately obvious are non-trustworthy, or even when they don't have copious evidence to the contrary. [Or even when they DO have copious evidence to the contrary!] I do understand your position. Whether or not I will say "OK, here's everything you ask for" is another question. But don't assume that just because I'm not saying that, that I'm telling you to talk to the hand. Because I'm not.
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Jion Tichy
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Posted - 2010.09.10 22:45:00 -
[40]
Quote:
You are. Congratulations. Four pages in and you're still laying down smokescreens and taking evasive action. This is not Hunt the Bismarck.
Varo, I've been exceedingly clear.
If you're not interested in my auditing services, perhaps you should work with one of the other auditors here. You have a number of options.
I must also mention that I find it very interesting that as a manager of a large fund, that you'd be attacking an auditor who is a comparative outsider. You have a pattern of doing this.
Why would a fund manager behave that way?
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Jion Tichy
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Posted - 2010.09.10 23:21:00 -
[41]
Edited by: Jion Tichy on 10/09/2010 23:22:17
Estel, care to explain why you didn't voice your suspicions when the manager of the fund you invested in was preparing to run off with 800 billion?
Why was that? You didn't find his behavior strange? Or did you find it strange and not say anything?
Taigat: Millionaire cokeheads don't need a reason to scream at people. Other than that, your opinions are taken under advisement. Hope that helps...
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Jion Tichy
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Posted - 2010.09.10 23:54:00 -
[42]
Varo, you're failing basic civility again. You were rude from the getgo and your manner is deteriorating. The rudeness itself is interesting and forms part of a pattern.
Explain why a fund manager would be so intent on attacking an outside auditor. You really want me to go away. Why is that?
Since it's boring you, go do something else and we'll continue this here. I have some very interesting suspicions but by all means feel free to go about your business.
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Jion Tichy
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Posted - 2010.09.11 00:32:00 -
[43]
Israus: Thanks for your concern.
I won't be going away, and I'm perfectly happy with what's going on right now. The fact is, as you are well aware, there is a pattern of widespread and longstanding malfeasance on MD, to say nothing of complete incompetence.
When you say "fail," ask yourself what you think I'm doing. Consider the possibility that the answer isn't what you think it is.
What I think is this: I think that there is an in-group here who control the vast majority of investments and the vast majority of scams. They want auditors who are amenable to their bullying so that they can be controlled.
That's what I think.
This is very similar to the way that stock boiler rooms work.
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Jion Tichy
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Posted - 2010.09.11 01:28:00 -
[44]
Edited by: Jion Tichy on 11/09/2010 01:30:44
Quote:
there is no ingroup who control the vast majority of investments I have in the past expressed concerns over the influence the MD elite can have over normal investors.
You're effectively contradicting yourself. I agree with you by the way.
The fact is, many of these gents came in rude. I've been called an idiot, all sorts of other things.
Breaker: Try phrasing that again, this time in Grownup.
When people behave that way I'm not going to do what they want!
Let's say I did allow you to audit me. What would that tell you? Nothing! In an environment where everyone has 2-3 accounts, or more, an audit of one account shows very little. One of my characters is from late 2003. But you wouldn't see him in an API audit because he's on a different account. Therefore, it would do nothing for your reasonable expectation of trust, and it would have much more impact on my own security measures.
So the answer is no! I would almost certainly have said no even if the initial requests were polite and not belligerent.
In other words, all this is just security theatre.
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Jion Tichy
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Posted - 2010.09.11 01:33:00 -
[45]
Edited by: Jion Tichy on 11/09/2010 01:33:43
Breaker: You can rephrase your previous statement, politely.
And you may submit ALL of your accounts to an audit. Otherwise you're just a scammer!
Quote:
Hiding crap like you just mentioned
Hiding != mention.
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Jion Tichy
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Posted - 2010.09.11 01:42:00 -
[46]
Edited by: Jion Tichy on 11/09/2010 01:44:10
Quote:
any audit made by Jion is going to be full of doubt as to who he really is and his abilities. He's made quite a few people mad who will be gunning for him for quite a while that any posts of his will be peppered with trolls and doubters.
As all threads by auditors are. You're among the group trying hard to prevent an outside auditor. Isn't that interesting! You're saying that an outside auditor has so much power that he can cause people to follow him around from thread to thread?
Quote:
There are so many scammers out there looking for another way back in I can't stop thinking that you are only setting yourself up as an auditor to help your alts in the future.
You can tell this by how unctuous I am to the guys who have iskies. Right?
Much safer to trust the people who are in the in-group. Including numerous Bad Bobby alts. 
Originally by: Varo Jan
But please, do continue without me.
Oh, I will indeed.
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Jion Tichy
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Posted - 2010.09.11 01:49:00 -
[47]
Edited by: Jion Tichy on 11/09/2010 01:49:51
Breaker: I suggest you use your brain to figure out the basic civility that most little boys learn at a younger age.
Let me know when you figure it out!
Phoebe: Reading comprehension. Seek it.
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Jion Tichy
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Posted - 2010.09.11 18:52:00 -
[48]
Gentlemen,
Thank you for your recommendations and the time you've kindly taken.
As per suggestions from a number of parties, I agree that 1% isn't enough-- we'll start with 2%.
I'm glad we've established such a good rapport here. This is what communication can accomplish. Further comments and suggestions are appreciated!
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Jion Tichy
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Posted - 2010.09.12 10:03:00 -
[49]
Ramingo, if the word on the street was that your main is Istvaan Shogaatsu, would that make it true?
Who's really a hypocrite and a douchebag here?
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Jion Tichy
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Posted - 2010.09.12 10:19:00 -
[50]
Edited by: Jion Tichy on 12/09/2010 10:23:13
Raw23: I've kept my opinions of Ramingo's audit mostly to myself. Why? Because it's not my business. He can now look forward to some constructive criticism from me.
Ramingo: I will be stopping by your threads.
Krythas: Again, I appreciate your opinions and the time you've taken.
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Jion Tichy
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Posted - 2010.09.12 10:35:00 -
[51]
Quote:
Given that you already posted your "constructive" criticism on my thread with Janya
Do you have any basis whatsoever for this statement? Or are you just repeating what you've heard here? If you don't have any basis for it, don't make the accusation! Others could equally accuse you and tar you as a scammer. Would you enjoy that?
Because that's what I think.
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Jion Tichy
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Posted - 2010.09.12 10:45:00 -
[52]
Edited by: Jion Tichy on 12/09/2010 10:46:32
Quote:
You won't disclose his main, so he and everyone else are free to make whatever assumptions they like.
If I did, how would that help you? Be honest. Just saying, in the environment of 3 accounts per person...
My main has not been mentioned here yet and is not connected in any way with any criminal activity ever that I can remember, and that includes piracy.
Quote:
He doesn't really need a basis.
Then I wouldn't need a basis for making equal accusations of Ramingo-- but I do have a basis.
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Jion Tichy
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Posted - 2010.09.12 10:55:00 -
[53]
Edited by: Jion Tichy on 12/09/2010 10:56:58
Quote:
If you really think that not knowing someone's main has no security implications
What I think is that it's security theatre, in the sense that you can never really know who someone's main is. Hell, someone's "main" could have changed hands ten times and you wouldn't necessarily know it. Therefore, the appearance of security based on ostensibly knowing someone's main is, as you put it, only a starting point.
Originally by: Ramingo
and are very aggressive in your responses
We'll be talking further in your threads.
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Jion Tichy
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Posted - 2010.09.12 11:07:00 -
[54]
Ramingo, one of the things that I think about you, based on reading your responses to the sort of disrespectful treatment dished out by these people, is that you are a person who will accept all manner of abuse, and is afraid to stand up for himself. That's what I think about you.
We'll be talking further in your threads.
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Jion Tichy
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Posted - 2010.09.12 11:14:00 -
[55]
Edited by: Jion Tichy on 12/09/2010 11:16:09
Quote:
I would suggest you get hold of some textbooks on critical thinking but I think you'll need to do some work to cover the fundamentals first.
My bookshelves are full of literally hundreds of books about military information theory among other things.
I recommend that you start with a book called "Curing Analytic Pathologies." I could give you a huge reading list but you wouldn't read it, so why would I bother?
Originally by: Ramingo
P.S.: I've only been playing for only around 2 years, which is even less than Ramingo's age, yet if you want to start a chest beating game, post your main.
Interesting.
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Jion Tichy
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Posted - 2010.09.12 11:26:00 -
[56]
Quote:
Military information theory has so much to do with English Literature, right?
Nonsequitur.
Quote:
Interesting? Every corp/alliance I've applied to has a full background of my trading history.
No, that's not why your statement was interesting. It was interesting for two reasons.
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Jion Tichy
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Posted - 2010.09.12 11:48:00 -
[57]
Ramingo, you made a false claim, practically in the same breath as you accuse someone else of lying. And then you accuse someone else of being an idiot!
Why so belligerent?
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Jion Tichy
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Posted - 2010.09.12 11:52:00 -
[58]
Quote:
Still awaiting Jion Tichy to find it. So far he's all talk about how good he is as an auditor, but not smart enough to find the simple things.
Yes, Ramingo jumps to the leash. Unlike him, I don't jump through hoops for people who are disrespectful. I didn't even bother looking for your alt.
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Jion Tichy
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Posted - 2010.09.12 12:00:00 -
[59]
Edited by: Jion Tichy on 12/09/2010 12:01:36
Breaker: if you're being disrespectful you won't get anything out of me. Anyone who enters into any sort of agreement with me will be aware of that plain and simple fact.
Originally by: Raw23
Well, the study looks interesting but I'm not sure I'll have time to read the whole 77 pages this afternoon. Why don't you save me a bit of time and just give me the reference to the pages that explain how to determine someone's trustworthiness before gathering any basic data on that person.
Raw23: You can consider it a basic primer on critical thinking, as well as security theatre.
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Jion Tichy
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Posted - 2010.09.12 12:18:00 -
[60]
Quote:
Thanks - but I teach critical thinking in RL. Which is why I very much doubt that the contents will provide any justification for your contention that there is no reason to reveal your main and other characters. As I say, if you could just direct me to the relevant pages I'll be able to tell you if I agree with the arguments there.
For someone who claims to teach critical thinking, the claims that you make are full of logical fallacies. Are my statements so intimidating to you that instead of addressing them directly, you need to address things that I didn't actually say? How much easier that must be!
As I said, more rapport-building will have to happen later.
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Jion Tichy
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Posted - 2010.09.12 12:26:00 -
[61]
Quote:
So, you're not claiming that there is no point in you revealing your main?
For a critical thinking teacher you have trouble parsing some pretty basic statements. Now I really have to dash, have a good morning!
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