Miranda McLaughlin
EVE University
Ivy League
0
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Posted - 2013.11.21 20:02:00 -
[1] - Quote
I agree that margin trading in and of itself is not a bad thing. I also agree that margin scams should be, for lack of a better phrase, fought against and that the only way to do this is by providing information to other players.
I don't think that canceling orders based on how much ISK you have in your wallet is a good idea as it ignores the time factor in market activity. The only time that an order should care about how much ISK you have is when it is trying to be fulfilled.
Let's use Rise's example of having a buy order for a thorax for 5 million, another buy order for a rupture for 5 million, and only 7 million ISK in my wallet. If someone then fulfills the thorax order my wallet balance would drop to 2 million ISK leaving me 3 million short for the rupture order. Currently as long as I add the remaining 3 million to my wallet before someone tries to fulfill the rupture order everything is fine. A cancels orders might cancel the rupture order once my wallet drops to 2 million forcing me to, at best, recreate the order. At worst I may not even realize the order was cancelled.
I think there are several things that could be done that, together or individually, would significantly help the problem.
1) Add a column to the market window for whether an order was made on margin or not. This allows people to easily see this information when looking at any order, doesn't add any more complexity to the interface, and allows people to freely ignore the information if they want to.
2) When someone views the information of a buy order it checks the buyer's wallet and tells the seller whether buyer can afford the order at that moment or not. This allows a player to have more confidence in arbitrage and would help protect players from margin scams. I'm debating whether I think it would be a good idea for multiple quantity buy orders to show exactly how many of the item the buyer could afford. I'm leaning more towards no.
3) On the list of my orders show whether or not I can cover the cost of the order. This is more just to help people verify if they have enough ISK in their wallet.
4) I like the idea of being able to "guarantee" an order by putting up the full amount. As I understand it the system currently causes all buy orders to be made using margin trading so you could simply have the option to guarantee but have the default be margin so there really isn't much of a difference. Additionally you could have the option to guarantee the order after it has been placed. |