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RubyPorto
SniggWaffe YOUR VOTES DON'T COUNT
3871
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Posted - 2013.08.14 13:58:00 -
[1] - Quote
Mocam wrote:As for your post - yes this uses a poorly implemented game mechanic. Yes it's been discussed before repeatedly and I imagine CCP will "eventually" get around to addressing the problem.
What problem? If there's insufficient ISK to cover the transaction, you are left in the exact same position you were in before you tried to sell your items.
The scam is over when you buy the overpriced good. You can avoid doing this by pressing one button. If you can't be bothered to figure out the real value of the items you choose to invest in, how can you be surprised when you lose money?
Quote:IMO - treat margin trading like flying a T3 - if the order collapses due to insufficient funds, they lose a skill level and must retrain it.
Why should someone be punished for not being able to perfectly predict their future liquidity? This is EVE - Everybody Versus Everybody.
"the risk of having your day ruined by other people is the cornerstone with which EVE was built and we want to keep that (infact, this is much more representative of the consensus opinion within CCP)." -CCP Solomon |

RubyPorto
SniggWaffe YOUR VOTES DON'T COUNT
3872
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Posted - 2013.08.14 16:16:00 -
[2] - Quote
Manhim wrote:Then remove that skill altogether. While I understand the concept beneath it I don't get why a broker would accept to buy something for you while you don't even have the money to pay for it.
Because that's not what the broker is doing. The broker is placing an offer to buy at a certain price. The broker never buys anything for you until he completes the escrow (otherwise, you'd be out your items when you sold to a margin order).
And, of course, how is anyone trying to sell hurt by a failing buy order? They're left in the exact same position they were before trying to sell to that order.
Quote:I had though about making the rest to cover never higher then the profits that could be made from sell orders, although someone could simply put a sell order for a very high price and it would be circumvented. The alternative would be to use the sell orders average value.
Wat?
Quote:EDIT: The player would get into the negatives, and the sell orders would be "Locked" from being canceled or sold for lower then the average value.
Any mechanic by which a player can force another player into the negatives and pocket the resulting ISK is an immediate gamebreaker. This is EVE - Everybody Versus Everybody.
"the risk of having your day ruined by other people is the cornerstone with which EVE was built and we want to keep that (infact, this is much more representative of the consensus opinion within CCP)." -CCP Solomon |

RubyPorto
SniggWaffe YOUR VOTES DON'T COUNT
3872
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Posted - 2013.08.14 17:11:00 -
[3] - Quote
Liltha wrote:I was under the impression that with real life margin trading you actually had to cover the bill if your sales didn't end up covering your buys when it came due one way or the other. Either through sales of other stock, often at unfavorable prices, or through loss of other assets.
RL trading on margin has very little to do with what EVE's Margin Trade skill does.
RL trading on margin is trading (as in actually buying securities) with borrowed money. That's why there are margin calls, because you're reaching the limit of your credit line. IRL, you can place an order, and the broker doesn't have to check how much money you have in your account* until the order fills, no skill needed.
*A good broker may check as the clearing price approaches your order, so he can give you a heads up if you're short of funds, but that's just customer service. The brokerage house may also cover your shortfall temporarily (as a loan), again as a customer service. This is EVE - Everybody Versus Everybody.
"the risk of having your day ruined by other people is the cornerstone with which EVE was built and we want to keep that (infact, this is much more representative of the consensus opinion within CCP)." -CCP Solomon |

RubyPorto
SniggWaffe YOUR VOTES DON'T COUNT
3874
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Posted - 2013.08.14 17:32:00 -
[4] - Quote
Manhim wrote:So far I brought up 4 ideas that would fix this topic's issue and I'm pretty sure that any of them would fix the scam part of the issue at least:
What issue? What's the game mechanical problem with people choosing not to research the value of items they choose to invest in?
Quote: - In contracts, show the same value you get when trying to buy or sell something (Warning: This sell order is 9001% higher then the market average, are you sure you want to continue + a warning in the contract before clicking accept) + Add a way to filter orders by minimum quantity
Right click > Show market details. The information you're asking for is already there.
Quote: - Show the buy orders from people who cannot afford their current margin in red. (I prefer the first one)
- Remove the Margin Trading skill
What information does having 90% of orders in Jita being marked red provide? Not having to be able to cover all your orders at once is the entire point of the skill.
Why do you want to make trading significantly harder for newer players who don't have tens or hundreds of billions of ISK to throw around?
Quote: - Base the maximum margin on your wallet + sell orders value at market averages, you cannot cancel sell orders until you have cleared your negative ISK wallet and cannot lower the price under the market average. (Most complicated method, fixes everything and is more clear about the real use of margin trading)
Wheeeeeeeeeeeeeeeeeee! Infinite ISK fountain. Taking ISK out of an empty wallet and putting it into another wallet is immediately gamebreaking. Which is why the Margin Trade skill has very little to do with the RL activity of trading on margin. This is EVE - Everybody Versus Everybody.
"the risk of having your day ruined by other people is the cornerstone with which EVE was built and we want to keep that (infact, this is much more representative of the consensus opinion within CCP)." -CCP Solomon |

RubyPorto
SniggWaffe YOUR VOTES DON'T COUNT
3875
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Posted - 2013.08.14 17:36:00 -
[5] - Quote
Jonah Gravenstein wrote:Having a negative wallet is currently a big fat red flag imposed on a character by CCP for RMT, changing the system so that trading puts you in that situation would make that flag less meaningful.
To pick nits, you can also go negative due to Customs fines. This is EVE - Everybody Versus Everybody.
"the risk of having your day ruined by other people is the cornerstone with which EVE was built and we want to keep that (infact, this is much more representative of the consensus opinion within CCP)." -CCP Solomon |

RubyPorto
SniggWaffe YOUR VOTES DON'T COUNT
3875
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Posted - 2013.08.14 18:29:00 -
[6] - Quote
Jonah Gravenstein wrote:I thought they'd kind of fixed that by improving the dialogue so that people knew to eject their contraband when collared by customs for smuggling, but TY for the info, edited my post accordingly.
Why would you eject the contraband when you can just warp off and let your contraband hauling alt dive deeper and deeper into the red? This is EVE - Everybody Versus Everybody.
"the risk of having your day ruined by other people is the cornerstone with which EVE was built and we want to keep that (infact, this is much more representative of the consensus opinion within CCP)." -CCP Solomon |

RubyPorto
SniggWaffe YOUR VOTES DON'T COUNT
3877
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Posted - 2013.08.14 19:47:00 -
[7] - Quote
Minasheera Jones wrote:Maybe instead of canceling the buy order, all market traded buy orders should be colored differently to indicate there is a risk that the order won't go through?
Any order can disappear from the market at any time for any number of reasons. So, I guess they should all be colored.
Quote:The problem here is that one of the party in this transaction has insufficient insight to make an informed choice about whether they want to participate in this transaction. In real life I guess the equivalent would be to be able to perform a credit check on a customer before ordering the raw materials for an expensive custom job. Sure, they would still be stuck with the materials at the end of the day but at least they had an inkling of what they were getting into.
In real life, the equivalent would be investing in a 1 room house in the Slums for a million bucks. Then being surprised when you lose money trying to flip it.
And you're not stuck with the materials, you can sell it to the next buy order or put it up on sell orders. Neither option hurts you, since literally nothing has changed in your situation since you tried selling to the buy order. (Any money you lost, you lost when you bought items at 10 times their market value).
The sufficient insight is provided by pressing one button (view market history) to determine the price the item normally trades at. This is EVE - Everybody Versus Everybody.
"the risk of having your day ruined by other people is the cornerstone with which EVE was built and we want to keep that (infact, this is much more representative of the consensus opinion within CCP)." -CCP Solomon |

RubyPorto
SniggWaffe YOUR VOTES DON'T COUNT
3886
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Posted - 2013.08.15 18:09:00 -
[8] - Quote
Alicia Aishai wrote:How? By putting a large buy order close to the sell orders giving false impression the item is in demand. This is not aimed to be a scam but manipulate the perception of supply and demand for the asset. I have seen it done, believe it or not.
I don't see why my proposal to add an option to check if an order if funded or not (example 2 above) can be controversial except if you are a scammer or a price manipulator.
Then anyone with half a brain takes a look at the market history and notices that nothing's trading at that price, and manipulation failed.
The market history only records completed transactions. An uncovered margin order does not get completed. This is EVE - Everybody Versus Everybody.
"the risk of having your day ruined by other people is the cornerstone with which EVE was built and we want to keep that (infact, this is much more representative of the consensus opinion within CCP)." -CCP Solomon |

RubyPorto
SniggWaffe YOUR VOTES DON'T COUNT
3893
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Posted - 2013.08.16 22:15:00 -
[9] - Quote
Jose Ronald Palasialdana wrote:I think that if you fail to fufill a trade in say JITA.... the station manager might make it illegal for you to trade there anymore... or in regions.. or faction space... buy... yes... but never sell... same with contracts.
... so my station bound trading alt will get a suspect flag in the unlikely event that I am not psychic and thus unable to perfectly predict the future performance of the commodities I invest in? Okay... This is EVE - Everybody Versus Everybody.
"the risk of having your day ruined by other people is the cornerstone with which EVE was built and we want to keep that (infact, this is much more representative of the consensus opinion within CCP)." -CCP Solomon |

RubyPorto
SniggWaffe YOUR VOTES DON'T COUNT
3897
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Posted - 2013.08.17 23:52:00 -
[10] - Quote
Jose Ronald Palasialdana wrote:yes... and subject to immediate revocation of your Captain's Quarters and POD ejection. I'm mean what is a Station official supposed to do with tons of merchandise (trafficked or legal) that some ******* can't pay for... turn around and put it back where they got it from?!?! What about all the overtime/holiday pay the material handlers union (Local 399547459323 "Heavy Lift") has to deal with every time some capsuleer can't pay his/her bill....
Except that there's no bill to pay. The transaction never occurs. The Station Official doesn't have any pile of merchandise to deal with.
It's like going to Wal-Mart, taking your cart to the register, getting rung up, and finding that you've forgotten your wallet. You leave, Wal-Mart keeps their stuff, why should that be a major criminal offense with unprecedented penalties?
Also, Oh no, my Captains Quarters! What will I ever do without it? 
And, again, you're expecting people playing EVE to be doing something that, were they able to do it, would be making them billions on the RL market.
Quote:Maybe a restocking fee! I know some of you are thinking they can't possibly had to get the stuff out of Capsuleer "A" Item Hangar... and have it moved 1/2 way to Capsuleer "B" hangar before the deal was canceled... but in reality... when I make a buy.. that stuff shows up in my hangar IMMEDIATELY!! so they gotz to be knowing what they be doing!! maybe they can PREDICT what is getting ordered.
Already exists. It's called the broker's fee. This is EVE - Everybody Versus Everybody.
"the risk of having your day ruined by other people is the cornerstone with which EVE was built and we want to keep that (infact, this is much more representative of the consensus opinion within CCP)." -CCP Solomon |
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