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Author	Thread Statistics \| Show CCP posts - 1 post(s)
Vedz Caldari	Posted - 2008.01.04 06:12:00 - [1] I was reading these forums and noticed a lot of people talking about EBANK, but all those people sound like shills. There's always some guy who starts a thread asking about some great feature of EBANK and how it works, and his question is quickly answered by another guy who 'works' at EBANK in a advertising fashion. This is kind of reminiscent of that 700b Ponzi scheme. Some links I found: http://games.slashdot.org/article.pl?sid=06/08/23/1918246 http://en.wikipedia.org/wiki/Ponzi_scheme
Concordokken Plox	Posted - 2008.01.04 06:21:00 - [2] nop
Riethe Fine Goods for Fine Gentlemen	Posted - 2008.01.04 06:24:00 - [3] yop
Genbukan Best Buy INC	Posted - 2008.01.04 07:02:00 - [4] Originally by: Vedz I was reading these forums and noticed a lot of people talking about EBANK, but all those people sound like shills. There's always some guy who starts a thread asking about some great feature of EBANK and how it works, and his question is quickly answered by another guy who 'works' at EBANK in a advertising fashion. This is kind of reminiscent of that 700b Ponzi scheme. Some links I found: http://games.slashdot.org/article.pl?sid=06/08/23/1918246 http://en.wikipedia.org/wiki/Ponzi_scheme I would not worry to much about the EBANK. To this day they have served me well and helped me out a lot. So from where I stand right now they are still A++ in my eyes. They also held a security on behalf of my last IPO. The completion of the IPO has reached and currently in buy back status. At the completion of the IPO I received 100% of my security back.
Riethe Fine Goods for Fine Gentlemen	Posted - 2008.01.04 07:13:00 - [5] Originally by: Genbukan I would not worry to much about the EBANK. To this day they have served me well and helped me out a lot. So from where I stand right now they are still A++ in my eyes. They also held a security on behalf of my last IPO. The completion of the IPO has reached and currently in buy back status. At the completion of the IPO I received 100% of my security back. This is a very idiotic assessment of the situation as a whole. Not that I think EBANK is a scam, or is not a scam, this line of thinking is EXACTLY what is needed to help build up a scam to its climax. You saying things like this, it just misleads other, equally stupid people. The idea of any project like this, if the intention was to steal everyone's money, is to treat the first few waves nicely, use them for word of mouth, and keep building on top of that. As far as the question here, EBANK is currently being contributed to by a plethora of well-known names. Based off of this, you could assess that, these individuals, seem to not have any plans to be stealing any money--if they do, it'd be hard for any one of them to not leak it out. The potential for profit for each participating member would have to be substantial enough to keep their mouths shut. Chances are, EBANK is clean. But assessing it based on, "I used this service and it worked!!! Don't worry about it!!" is just the worst possible way to go about deciding whether it's trustworthy or not. The factors you should use to establish trustworthiness is the fact that the assets within EBANK is split amongst various separate individuals, so in the event that one of them decides to steal anything, it's a very small portion of the entire capital. This is of course assuming, once again, that not all of them are collaborating in theft.
Genbukan Best Buy INC	Posted - 2008.01.04 07:22:00 - [6] This was to clarify that I have used EBANK and have no reason to displace trust. I will use there service again and again and again. If it turns south it is a chance that I took. This reminds me of the chance I took with you! I only place what I can afford to loose. That is what I would suggest to anyone that is doing an investment, security, and anything else that involves a third party service.
Balogh Gallente Real-time EVE Stock Exchange	Posted - 2008.01.04 07:24:00 - [7] Originally by: Riethe The idea of any project like this, ~~if the intention was to steal everyone's money,~~ is to treat the first few waves nicely, use them for word of mouth, and keep building on top of that. The same is equally true if EBANK is legitimate. ________________ Real-time EVE Stock Exchange, Blog Feature request: Share transfer log
Riethe Fine Goods for Fine Gentlemen	Posted - 2008.01.04 07:33:00 - [8] Except that you'd expect EBANK to continue to treat everyone nicely if their intentions are good.
Monty Kvaran Caldari Consolidated Sprocket	Posted - 2008.01.04 07:39:00 - [9] Looking at thier Cash Flow statement, for every isk in interest payed out, they have made 2 isk for themselves... sounds like a real bank to me...
Genbukan Best Buy INC	Posted - 2008.01.04 07:39:00 - [10] Originally by: Riethe Except that you'd expect EBANK to continue to treat everyone nicely if their intentions are good. That is very pointless! If they are good why would they treat there customers bad. Your customer is your business and without the customer there is no business. Lastly have a good night!

Riethe Fine Goods for Fine Gentlemen	Posted - 2008.01.04 07:44:00 - [11] Originally by: Genbukan Originally by: Riethe Except that you'd expect EBANK to continue to treat everyone nicely if their intentions are good. That is very pointless! If they are good why would they treat there customers bad. Your customer is your business and without the customer there is no business. Lastly have a good night! Since you have difficulty with reading comprehension, you're no longer invited to this conversation. Balogh will handle all your statements from this point on.
Genbukan Best Buy INC	Posted - 2008.01.04 07:54:00 - [12] Originally by: Riethe Originally by: Genbukan Originally by: Riethe Except that you'd expect EBANK to continue to treat everyone nicely if their intentions are good. That is very pointless! If they are good why would they treat there customers bad. Your customer is your business and without the customer there is no business. Lastly have a good night! Since you have difficulty with reading comprehension, you're no longer invited to this conversation. Balogh will handle all your statements from this point on. Way to drive in the opposite direction of the whole topic. There is no other comment to make here as for what I said above.
Shadarle	Posted - 2008.01.04 08:04:00 - [13] This entire thread was a blatant troll attempt. Not sure why anyone is even dignifying it with a real response. No real thought went into it. The best response to the OP is this: Who are you? What do you have to gain from this thread? Why don't you tell us exactly how E-bank operates and tell us who is on the board of directors. If you can't do either of these last two then you clearly know nothing about the topic. Tanking Setups Compared Stacking Penalty / Resists Explained
Genbukan Best Buy INC	Posted - 2008.01.04 08:09:00 - [14] Could just be a new alt of Riethe. But as always you make a great point.
LaVista Vista Corporate Research And Production Pty Ltd Zzz	Posted - 2008.01.04 08:31:00 - [15] Well. I like to think of myself as a neutral party, who have helped made EBank. Ultimatively dont earn a penny off EBank, but i have the pleasure to work with a team, who i consider to be the cream of the crop when it comes to what they do. So its waaay beyond my control if EBank is a scam. But i believe we atm have spread the risk over 2 characters, Ricdic and Hexxx. And i think the chances any of them to scam is very little. The amount of time i have spend talking to them is simply totally ********. If they scam, ill have little reason to play eve. So it is a scam? Its not :) This signature is brought to you by EBankÖ, free space for moderators to brag.
Riethe Fine Goods for Fine Gentlemen	Posted - 2008.01.04 08:40:00 - [16] tell me more about ultimatively dont earning a penny off EBank atm i think the chances is of a scam is totally sweet. its not even all about that becuase i worked with them and i know for sure its for legit i coded all the data bases those are the bases where the data gos to be protected from viruses its safe in the bases not even ebank is of a scam
LaVista Vista Corporate Research And Production Pty Ltd Zzz	Posted - 2008.01.04 08:44:00 - [17] Originally by: Riethe tell me more about ultimatively dont earning a penny off EBank atm i think the chances is of a scam is totally sweet. its not even all about that becuase i worked with them and i know for sure its for legit i coded all the data bases those are the bases where the data gos to be protected from viruses its safe in the bases not even ebank is of a scam Next time you wanna troll, please try and do a bit better job. I know you can do it better This signature is brought to you by EBankÖ, free space for moderators to brag.
Riethe Fine Goods for Fine Gentlemen	Posted - 2008.01.04 08:51:00 - [18] Oh, sorry. It's just that...well... Your post looked like the equivalent to an art submission on http://artshowforkids.com/galleries.php, and to be honest, it sort of ultimatively makes EBANK look like absolute junk. You really shouldn't tell so many people you're associated with EBANK in any form. Consider, ultimatively, proof-reading your posts, or ultimatively, you'll end up doing silly things like this in the future. EBANK is supposed to be reputable. Having some 16 year old kid who writes like he just graduated the womb attest to the security of this service is absolutely absurd.
LaVista Vista Corporate Research And Production Pty Ltd Zzz	Posted - 2008.01.04 08:55:00 - [19] Originally by: Riethe Oh, sorry. It's just that...well... Your post looked like the equivalent to an art submission on http://artshowforkids.com/galleries.php, and to be honest, it sort of ultimatively makes EBANK look like absolute junk. You really shouldn't tell so many people you're associated with EBANK in any form. Consider, ultimatively, proof-reading your posts, or ultimatively, you'll end up doing silly things like this in the future. EBANK is supposed to be reputable. Having some 16 year old kid who writes like he just graduated the womb attest to the security of this service is absolutely absurd. Whoa. Direct personal attacks. Makes you look like a very mature person This signature is brought to you by EBankÖ, free space for moderators to brag.
Riethe Fine Goods for Fine Gentlemen	Posted - 2008.01.04 08:59:00 - [20] No part of that was a direct personal attack as you claim. It was an observation of a post that was clearly not very well thought out.

Dagam GoonFleet GoonSwarm	Posted - 2008.01.04 10:17:00 - [21] It's a scam destined to crash and burn much like EIB but ultimately it's pointless trying to convince people of the fact. Either you can see why or you can't.
Redbad Minmatar Mean Corp	Posted - 2008.01.04 11:28:00 - [22] There are no scams, only smarter players fooling less smarter players over bits, bytes and pixels. RB
Astorothe Aperture Science Industries	Posted - 2008.01.04 12:18:00 - [23] It's only a scam if you don't pull your iskies out in time =P j/k Eve Corp and Fansite Web design, development and hosting services
Hexxx Minmatar	Posted - 2008.01.04 14:15:00 - [24] Hey, I found another link for you. http://en.wikipedia.org/wiki/Straw_man Consulting, IPO Template, and Stock/Bond definitions.
Grismar Gallente The Establishment	Posted - 2008.01.04 15:35:00 - [25] Edited by: Grismar on 04/01/2008 15:35:58 What EBANK has to deal with, is what every company asking its investors has to deal with: there's always people thinking (and saying) "this is the next big bubble". However, unlike companies in the real world, EVE offers fairly strong anonymity and in game safety from retaliation. Without a lot of trusted players vouching for the trustworthiness of an initiative, it's hard to gain the needed trust because of those. Openness about their business could alleviate any doubts about their business. A good step in that direction is their openness about their board of directors, though I would expect to see some information on how the money is sa*uarded too. In the end, it all boils down to at least one guy having access to all of the bank's isk. It's still their moral fiber that needs trusting. How that can be fixed in an EVE corp without technical changes to the way wallets work (vote controlled for example), I'm not sure... Greetings, Grismar. Edit: lol @ sa*uarded Your EVE IGB home: EVE Wiki, Explorer, Navigator
Shar Tegral	Posted - 2008.01.04 15:47:00 - [26] Originally by: Grismar Openness about their business could alleviate any doubts about their business. I think there are little remaining doubts about Ebank itself. I do totally agree that any concerns are based around the "one bad apple" factor but the only safeguard around that is shared liability to reduce the damage "one bad apple" may do. As to this thread, there is nothing we can do to eliminate pointless trolling. Which is, obviously, why it happens. "Be all you can be" is a motto even idiots and jerks live up to... all to often.
Hexxx Minmatar	Posted - 2008.01.04 15:50:00 - [27] Originally by: Grismar Edited by: Grismar on 04/01/2008 15:35:58 What EBANK has to deal with, is what every company asking its investors has to deal with: there's always people thinking (and saying) "this is the next big bubble". However, unlike companies in the real world, EVE offers fairly strong anonymity and in game safety from retaliation. Without a lot of trusted players vouching for the trustworthiness of an initiative, it's hard to gain the needed trust because of those. Openness about their business could alleviate any doubts about their business. A good step in that direction is their openness about their board of directors, though I would expect to see some information on how the money is sa*uarded too. In the end, it all boils down to at least one guy having access to all of the bank's isk. It's still their moral fiber that needs trusting. How that can be fixed in an EVE corp without technical changes to the way wallets work (vote controlled for example), I'm not sure... Greetings, Grismar. Edit: lol @ sa*uarded All liquid EBANK cash is split between three people; Ricdic, myself, and Shar Tegal. Not all EBANK cash are in the wallets of tellers, we do quite a bit in loans and for the moment, the range of isk that sits in any single persons wallet is around 10 to 20 billion. In some cases this will spike to 30 billion for Ricdic since all deposits go through him, before being routed to Shar or myself. Mr. Horizontal has full API keys for me, Shar, and Ricdic and has the ability to check our wallet balances and transactions as well. Recently we've been discussing the "hit by a bus" scenario, which basically has the assumption that any one of us may just disappear one day (hence, hit by a bus) and what to do in this event. I can't really say more than this other than that we do keep these things in mind. Oh yes, we've also processed over 41 billion in withdraws. For further risk mitigation, I've purchased a test server for EBANK development so that our developers and testers can fully stress-test new features before they go "live" on the main EBANK site. Every precaution that we've thought of, we've explored. There are daily backups made of our database (which is the key to EBANK) and if we had to "restore" EBANK from a backup and wallet API data....we could. It wouldn't be pretty, and we'd probably shut down for a few days to do it....but it could be done. Hope that answers some of your questions. Consulting, IPO Template, and Stock/Bond definitions.
Ufl Caldari Nucon	Posted - 2008.01.04 16:34:00 - [28] Edited by: Ufl on 04/01/2008 16:35:04 Originally by: Vedz I was reading these forums and noticed a lot of people talking about EBANK, but all those people sound like shills. There's always some guy who starts a thread asking about some great feature of EBANK and how it works, and his question is quickly answered by another guy who 'works' at EBANK in a advertising fashion. This is kind of reminiscent of that 700b Ponzi scheme. Some links I found: http://games.slashdot.org/article.pl?sid=06/08/23/1918246 http://en.wikipedia.org/wiki/Ponzi_scheme He's right, when I posted about NUEX I was getting replies that were extremely similar in nature but coming from multiple players - who technically COULD all be the same player. For all we know EBANK's "Board of Directors" could be a bunch of alts and 1 person playing them, maybe 2 friends trying to ready a large scam. Question is, why doesnt EBANK have 100% of the deposits available for withdrawal? If theres a run on the bank how would it be handled? And if EBANK is not in 100% control of all its deposits, who is, where is it, what is it doing, how is it being used, and how can it be guaranteed that the money will make it back to the depositor? Vedz post just helped confirm my notion that EBANK has 1 or 2 player who runs multiple characters who front as EBANK workers or representatives or friends. While it may currently be a "trustworthy" system there are go guarantees as usual. http://www.NewUniverseExchange.com
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.01.04 16:47:00 - [29] Edited by: FastLearner on 04/01/2008 16:51:53 Originally by: Ufl Edited by: Ufl on 04/01/2008 16:35:04 Originally by: Vedz I was reading these forums and noticed a lot of people talking about EBANK, but all those people sound like shills. There's always some guy who starts a thread asking about some great feature of EBANK and how it works, and his question is quickly answered by another guy who 'works' at EBANK in a advertising fashion. This is kind of reminiscent of that 700b Ponzi scheme. Some links I found: http://games.slashdot.org/article.pl?sid=06/08/23/1918246 http://en.wikipedia.org/wiki/Ponzi_scheme He's right, when I posted about NUEX I was getting replies that were extremely similar in nature but coming from multiple players - who technically COULD all be the same player. For all we know EBANK's "Board of Directors" could be a bunch of alts and 1 person playing them, maybe 2 friends trying to ready a large scam. Question is, why doesnt EBANK have 100% of the deposits available for withdrawal? If theres a run on the bank how would it be handled? And if EBANK is not in 100% control of all its deposits, who is, where is it, what is it doing, how is it being used, and how can it be guaranteed that the money will make it back to the depositor? Vedz post just helped confirm my notion that EBANK has 1 or 2 player who runs multiple characters who front as EBANK workers or representatives or friends. While it may currently be a "trustworthy" system there are go guarantees as usual. If you'd been around longer you'd realise that the majority of their directors have long and diverse histories and have been established to the satisfaction of all the regulars on here as being seperate individuals. Why don't they keep all ISK on hand? Because if they did that, how would they make ISK to pay out interest? If there's a run on the bank they have access at short notice to other funds. If that failed they could offer a short-term bond here and would undoubtedly get it fully subscribed fast. Obviously it's not a "Guaranteed" system - no Eve financial institution CAN be fully guaranteed. As, no matter how many people are involved, there always exists a finite possibility that they're all scamming. Saying you "guarantee" something doesn't make that true. Claiming you have all the ISK to repay deposits also doesn't make that true. The only area on which I agree with you (to an extent) is that some of EBank's claims of limiting access by individuals are somehat disengenuous: they discount securities lodged with them (or lodged with their Directors on the back of EBank's reputation) and they don't account for the extra access gained if someone DID scam - as such an individual would obviously take steps to maximise what they could grab before running (e.g. whoever receives deposits claiming a family emergency after an expansion so that deposits built up in their account for a period of time). I'd suggest you devote more time to establishing your own reputation, rather than worrying too much about EBank's. Despite my previous paragraph they're (from a third-party's perspective) one of the most trustworthy organisations around at the moment. I say from a third-party's perspective - as obviously every legitimate IPO owner KNOWS that they're 100% safe, and hence actually the safest thing around. EDIT: You should also try to do something about your memory. You already asked the 100% funds available question a while ago - and received clear and detailed answers on how EBank addressed that issue. Now I'm waiting for the comedy "you're an alt of Ricdic" post :)
Jon Sanng Minmatar Conducti	Posted - 2008.01.04 16:48:00 - [30] Originally by: Ufl Edited by: Ufl on 04/01/2008 16:35:04 Originally by: Vedz I was reading these forums and noticed a lot of people talking about EBANK, but all those people sound like shills. There's always some guy who starts a thread asking about some great feature of EBANK and how it works, and his question is quickly answered by another guy who 'works' at EBANK in a advertising fashion. This is kind of reminiscent of that 700b Ponzi scheme. Some links I found: http://games.slashdot.org/article.pl?sid=06/08/23/1918246 http://en.wikipedia.org/wiki/Ponzi_scheme He's right, when I posted about NUEX I was getting replies that were extremely similar in nature but coming from multiple players - who technically COULD all be the same player. For all we know EBANK's "Board of Directors" could be a bunch of alts and 1 person playing them, maybe 2 friends trying to ready a large scam. Question is, why doesnt EBANK have 100% of the deposits available for withdrawal? If theres a run on the bank how would it be handled? And if EBANK is not in 100% control of all its deposits, who is, where is it, what is it doing, how is it being used, and how can it be guaranteed that the money will make it back to the depositor? Vedz post just helped confirm my notion that EBANK has 1 or 2 player who runs multiple characters who front as EBANK workers or representatives or friends. While it may currently be a "trustworthy" system there are go guarantees as usual. I wonder if it's possible for you to sink any further than you already have.



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