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X ATM092
Clan Shadow Wolf
Fatal Ascension
107
   |
Posted - 2013.10.23 19:21:00 -
[1] - Quote
lol |
X ATM092
Clan Shadow Wolf
Fatal Ascension
107
|
Posted - 2013.10.23 20:02:00 -
[2] - Quote
His large point was referring to the fact that repaying 1.2b in interest a day before announcing that you want an additional 3b in investment is not actually indicative of trustworthiness. A cynical man might think that you repaid the 1.2b in interest as an expense to be offset against the 3b you wished to loan.
Had you requested another 12b loan then you would have been taking a loss by being honourable and not stealing it. However if you successfully fill this 15b loan then the repayment will have not cost you 1.2b but rather gained you 1.8b. |
X ATM092
Clan Shadow Wolf
Fatal Ascension
107
|
Posted - 2013.10.23 20:38:00 -
[3] - Quote
Waffle, you're not understanding. Try reading it again. |
X ATM092
Clan Shadow Wolf
Fatal Ascension
107
|
Posted - 2013.10.23 21:31:00 -
[4] - Quote
Consider yourself in the position where you're about to repay the 12b loan. You could keep the isk or you could be honourable. Keeping the isk is worth 13.2b (12+10%), being honourable is worth 0. There is a 13.2b difference here. However if the honourable decision of repaying the 13.2b leads to you being given a loan of 15b, which you could then steal, you could do it profitably for dishonourable motives.
Imagine if you did no trading and this were all a giant rep grinding attempt. If you were to pay out 1.2b in interest then that would be a 1.2b loss, you would have 1.2b less in your wallet than you started with. However as long as you increased the size of the loan by more than that amount then you could offset the 1.2b you lost with the increased size of the eventual theft. Interestly enough every loan you have requested has increased in size by an amount greater than your interest amount. What this means is that while a loan is running the amount you are being trusted with is always greater than the amount you have paid out in interest to date. With this in mind I don't think your previous history in any way implies an honourable character, you could equally be motivated by profit.
Consider the following. I promise to send someone 20m back if they first send me 10m. We do this, I am now down 10m from my starting isk. However the decision to do this can still be rationalised beyond keeping my promise if I believe that by doing it he will trust me with sums greater than 10m. If we then repeat it with 50m, for example, and I choose to keep the 50m then that 10m I lost by honouring my promise was actually an investment which repaid itself four times only. How might we distinguish your service, whereby we send you isk with no assurances and you return it +10%, from the many other gentlemen who offer a similar service in Jita local? If anything your rates are actually really low. I hear one gentleman will turn my 500m into 5b. |
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