Originally by: Ufl
We will never engage in the activity that EIB did - it is shameful, and we wish we could have had our system in place before that to prevent it from happening.
I'm glad you gave your word on this. That makes all the difference in the world. Um, you know, Cally gave his word too. Guess that makes you just like him at the moment.
You really should have taken the advice I gave to you in the other thread. I don't care how many people you talk to take some time off from these boards and get a grip on the issues. By trying to continue pushing this idea, in the face of huge resistance and without any appearance of serious reconsiderations, you seem like a scam. Sadly, you
are hitting all the right scam notes.
1) Refusal to detail investment system
2) Flaming back at challengers
3) Avoidance of discussing trust issue
4) Insistence on moving ahead without delay
And the piece de restistance:
5) No testimony from anyone regarding you, your partners, or even being interested in your exchange.
Finally I think this sentence here proves, beyond a doubt, that you are very naive regarding economics:
Originally by: Ufl
Where ISK will sit and never change, veldspar may go up or down depending on the market - therefore making the stocks price fluctuate as well.
I lol'd when I read that I have to say.
The value of 1 isk to 1 isk will of course stay the same. The value of 1 dollar, 1 pound, and 1 monetary unit of any denomination will always be equal to itself. Where the difference comes in is when you compare the value of
x item against the value of
y item.
For the isk value of veldsparr to change, the
relative value of both must me mutable. Thus, saying that veldsparr changes in isk value is to openly admit that the value of isk changes as well. So, saying that "veldsparr's isk value changes creating fluctuation" could be also said "isk's veldsparr value changes creates fluctuations" as well.
Isk is just another item, not an end tool unto itself. It is just the most widely accept trade good in Eve. So, instead of using Veldsparr as the securing agent cut out the middle man and use raw isk. But that would be bad marketing wouldn't it?
After all, if you just asked for billions of isk - people would be laughing you off these forums. However just asking for some "measly" bits of veldsparr makes it all sound so disarming.
I think you underestimate the maturity, and intelligence, of the Eve financial system. You sell us the idea that you should be security for all, an EIB concept btw, and that you can help protect us from scammers, a previous Cally project btw, when in truth the market doesn't need you.
Not when you don't understand economics 101.