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Posted - 2007.08.30 08:51:00 -
[2]
 Originally by: HeadMasterPL
Originally by: Serenity Steele
Edit: PS Can what's your position on the need for the game system to support share trading? 
In my personal opinion it's the weakest point of otherwise great EVE economy - lack of financial markets. It's not only case of share trading, but all kinds of financial activity. I'm talking about bonds, and most importantly, bank loans. I would be happy to hear about your thoughts on the matter.
Cheers
I'm not sure how bank loans would work.
First of all, an EVE character's ability to make money grow is immense, compared to the real world. About 10 days ago, I asked my corp-mates if they had money that weren't doing anything, and I ended up recieving 500M ISK of investments, in my scheme, with a promise of a 20% return on investment in a single month.
And the wildest part is, I'm pretty damn sure I can actually pull this off. 20% in a single month is not much in EVE. In fact, I'm confident I can get a 25% return, or even more, so that there's something left for me once I've paid my corp-mates.
Compare this to the real world, where a 25% return on investment, in a single month, would be dismissed as mere fantasy.
(And keep in mind, I'm going with a conservative scheme. There's nothing speculative about it. If I'd had money of my own to speculate with, I'd probably have bought t2 cargp expander modules before the patch, gambling that the price would go up. But since I'm mostly investing other people's money, it would be immoral of me to take any kind of risk.)
Secondly, the basis for bank loans is that peole have something valuable, that can't be moved, which the put up as guarantee against repayment, in the form of a legally binding promise: "If I don't repay interests and rates, according to our agreed-upon schedule, you may take possession of my house".
EVE characters do not have this. Even if player homes are implemented, they will probably only have a market value of a few dozen ISK, or a few hundred ISK, and thus be able to borrow maybe 60%-90% of that, which is not interesting for them (seeing as they'e already wealthy).
Also, any such guarantee would have to be based on the real market value of an item, rather than any internal game value, the way ship insurance is.
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