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Hexxx Minmatar	Posted - 2008.01.23 19:41:00 - [1] Edited by: Hexxx on 23/01/2008 19:42:26 Official EBANK Announcement http://www.eve-bank.net/ Hey guys... Got a couple things here, but before that, just a word on what EBANK has been up to lately. Our internal discussions have been extremely active lately; we have an extremely numerous amount of things that we're debating right now that cover the entire spectrum. Mr. Horizontal has also been working extremely hard on multiple areas of EBANK and has revised numerous systems. I've been working alot on my own projects as well. We have been very busy here at EBANK and although we can't always tell you what we have in the pipeline, I can tell you that I am personally VERY excited about a number of things. I believe 2008 is going to be a very eventful and very memorable year for us. Onto the news items! 1) The EBANK Board of Directors has voted to expand Checking Account limits from 500 million to 1 billion isk, effectively increasing the amount of money you can hold in a Checking account by 100%. This is going through the final stages of testing but should be released in a few hours. An announcement on EBANK's website will signal when this officially goes live. This is taking a little time since Mr. Horizontal and I have been working on streamlining general account rules and restrictions into something more dynamic and flexible, allowing EBANK greater options when it comes to what sort of accounts it can offer. Those of you planning on taking advantage of this, I'd recommend sending your money through now so that you can throw it into the expanded Checking accounts as soon as they go live. Savings accounts are not being expanded, and will remain capped at 500 million for transfers. This means you can not transfer any isk into a Savings account which is at or over 500 million. Interest will continue to build for all accounts, no matter what the balance is. 2) Discussions for Phase IV have begun. Requirements are being discussed and the development team has a few things they have to do before the Board will vote on the matter. No, I can not speculate on when the vote will happen other than to say "soon". The requirements are (once again) focused on further oversight into the Operations side of EBANK, cash holdings by the EBANK tellers, and transaction histories for tellers via the EBANK website for Board members. As usual, it's recommended that you reserve an account if you haven't done so already...accounts can be created for as little as 0.01 isk (cheap, ain't it?) sent to "EBANK Ricdic". Consulting, IPO Template, and Stock/Bond definitions.
Treelox Amarr Market Jihadist Revolutionary Party	Posted - 2008.01.23 22:16:00 - [2] Good news, Hexxx For the rest of you Ill add a little information cause im sure some of you are thinking it. Savings Account = 3%/month(currently limited at 500m total transfered ammount, can exceed 500m only by it generation of intrest) Checking Account = 1.5%/month (was limited at 500m, now being upgraded to 1b total transfered amount, can exceed 1b only by generation of intrest) Both types of Accounts generate there intrest daily. DISCLAIMER I am not in any way officially/unofficially, part of the EBANK organization. I am just a friendly neighborhood forum *****. Contents of my post are the expressed and most likely slightly delusional workings of my own mental process. I just thought I would idiot proof the above offical statement so no "stupid questions" were asked --
Amarr Citizen 155 Alternative Methods Research Group	Posted - 2008.01.23 22:28:00 - [3] Originally by: Treelox DISCLAIMER I am not in any way officially/unofficially, part of the EBANK organization. I am just a friendly neighborhood forum *****. Contents of my post are the expressed and most likely slightly delusional workings of my own mental process. I just thought I would idiot proof the above offical statement so no "stupid questions" were asked So does this mean you are increasing the amount of money a person can deposit into their checking account from 500m to 1b??? What about savings accounts, are they changing? DISCLAIMER I'm joking. - 1. Something said or done to evoke laughter or amusement, especially an amusing story with a punch line. You may now laugh, please clean up after yourself when you are done. ---------------------------------------------- Why do it the hard way when you can do it the AMARR way.
Treelox Amarr Market Jihadist Revolutionary Party	Posted - 2008.01.23 22:33:00 - [4] Originally by: Amarr Citizen 155 So does this mean you are increasing the amount of money a person can deposit into their checking account from 500m to 1b??? What about savings accounts, are they changing? DISCLAIMER I'm joking. - 1. Something said or done to evoke laughter or amusement, especially an amusing story with a punch line. You may now laugh, please clean up after yourself when you are done. OMG your trolling me, as is now the custom here in MD, I shall now begin the wardec vote against your corp. :P --
Amarr Citizen 155 Alternative Methods Research Group	Posted - 2008.01.23 22:34:00 - [5] You have exactly 840 hours before i wardec you to jita. send me 1 million isk now or suffer the consequences in 840 hours. ---------------------------------------------- Why do it the hard way when you can do it the AMARR way.
Relyen Caldari Digital Fury Corporation Digital Renegades	Posted - 2008.01.23 22:50:00 - [6] This is excellent news indeed. :)
Astorothe Aperture Science Industries	Posted - 2008.01.24 00:43:00 - [7] This might be interesting if it was the Savings account that was being raised. Ze logs show NOTHING! ~ Eve Corp and Fansite Web design, development and hosting services
Treelox Amarr Market Jihadist Revolutionary Party	Posted - 2008.01.24 01:15:00 - [8] Originally by: Astorothe This might be interesting if it was the Savings account that was being raised. Translation= Bah humbug! :P --
Shadarle	Posted - 2008.01.24 03:17:00 - [9] Why is there even a limit to the checking account? I would hope that no matter how much money is invested you could find a way to earn 1.5% on it... Tanking Setups Compared Stacking Penalty / Resists Explained
Treelox Amarr Market Jihadist Revolutionary Party	Posted - 2008.01.24 03:36:00 - [10] Originally by: Shadarle Why is there even a limit to the checking account? I would hope that no matter how much money is invested you could find a way to earn 1.5% on it... Im guessing that there is a limit, because there are plenty of "lazy lemmings" who would put in 10s of billions into their 1.5% accounts if they could. You forget Shadarle, how many people are looking for a free lunch, no matter how stale the bread may be. --
Shadarle	Posted - 2008.01.24 03:39:00 - [11] Originally by: Treelox Originally by: Shadarle Why is there even a limit to the checking account? I would hope that no matter how much money is invested you could find a way to earn 1.5% on it... Im guessing that there is a limit, because there are plenty of "lazy lemmings" who would put in 10s of billions into their 1.5% accounts if they could. You forget Shadarle, how many people are looking for a free lunch, no matter how stale the bread may be. My point is that at 1.5% I don't care if 1 trillion ISK is deposited, if you can't make 1.5% on it there is something wrong. And you should be able to make that 1.5% within that first month... though I'd hope you'd be able to make at least 3-4%. Heck, even with the incredibly drop in Mothership BPC prices you could get well over 1.5% from them by making copies of BPO's. Heck, you could even make Titan BPC's if you wanted to use up large quantities of money in one chunk. Tanking Setups Compared Stacking Penalty / Resists Explained
Treelox Amarr Market Jihadist Revolutionary Party	Posted - 2008.01.24 03:46:00 - [12] Edited by: Treelox on 24/01/2008 03:48:50 Originally by: Shadarle Originally by: Treelox Originally by: Shadarle Why is there even a limit to the checking account? I would hope that no matter how much money is invested you could find a way to earn 1.5% on it... Im guessing that there is a limit, because there are plenty of "lazy lemmings" who would put in 10s of billions into their 1.5% accounts if they could. You forget Shadarle, how many people are looking for a free lunch, no matter how stale the bread may be. My point is that at 1.5% I don't care if 1 trillion ISK is deposited, if you can't make 1.5% on it there is something wrong. And you should be able to make that 1.5% within that first month... though I'd hope you'd be able to make at least 3-4%. Heck, even with the incredibly drop in Mothership BPC prices you could get well over 1.5% from them by making copies of BPO's. Heck, you could even make Titan BPC's if you wanted to use up large quantities of money in one chunk. I refer you to the title I give these people "lazy lemmings". Seriously Shadarle, you got to interact a bit more with the greater player base more, because there are plenty of people out there who would deposit their 10s of billions in a 1.5% monthly account, just so they didnt have to mess with things at all. Remeber there are lots of people who go stupid over "big numbers" and fail to think about the ROI. Put 10bil in a 1.5% account and its a 150mil a month, there are sadly many ppl who would be excited about that, if they didnt have to do a thing. These are the same ppl who always sell to buy orders and buy from sell orders. Also related to the "my minerals are free in my production cost, since I mined them" crowd. ---edit added last 2 sentences --
Bouncer Ricdic	Posted - 2008.01.24 03:48:00 - [13] Originally by: Shadarle Heck, even with the incredibly drop in Mothership BPC prices you could get well over 1.5% from them by making copies of BPO's. Heck, you could even make Titan BPC's if you wanted to use up large quantities of money in one chunk. Yeh but if you personally deposit 30b under the premise then we need to have 30b as a dead minimum in operational funds to cover your potential withdrawal. Means it defeats the purpose somewhat. So it isn't that we can't afford to pay interest on 1.5% but that we are trying to limit the damage a run on the bank can do. A lot is changing anyway, might even be some things you like so hold out a tad longer. <3
Shar Tegral	Posted - 2008.01.24 03:50:00 - [14] Originally by: Shadarle My point is that at 1.5% I don't care if 1 trillion ISK is deposited, if you can't make 1.5% on it there is something wrong. Okay, since I'm one of the loudest directors on this particular issue I should step up to the plate here. It is not that the isk can not be put to use and generate that amount, and possibly more. It is about (r)isk management. Confidence is critical be it a scam or an institution. If Ebank tries to consume vast amounts of isk we run the risks of destroying consumer confidence. We also need time to ensure that (r)isk is properly spread out and utilized in such a way as to reduce temptation or liability. If isk is taken in too quickly we run certain risks that we at Ebank do not feel fits with our process policies. That's all really. Boycotting Eve Forums - So long and thank you for all the fish.
Bouncer Ricdic	Posted - 2008.01.24 03:52:00 - [15] Yeh the above as well. We have had some hardcore debates over the last week. I tell people I need lots more isk as demand is super high and they tell me no! But yeh it's all there to protect you, the consumer. And probably a little bit to drive me nutty
Astorothe Aperture Science Industries	Posted - 2008.01.24 03:53:00 - [16] The account cap makes sense - the account cap change only on the 1.5% account makes you look stingy. Ze logs show NOTHING! ~ Eve Corp and Fansite Web design, development and hosting services
Kwint Sommer Incoherent Inc Otaku Invasion	Posted - 2008.01.24 03:53:00 - [17] Originally by: Treelox I refer you to the title I give these people "lazy lemmings". Seriously Shadarle, you got to interact a bit more with the greater player base more, because there are plenty of people out there who would deposit their 10s of billions in a 1.5% monthly account, just so they didnt have to mess with things at all. Remeber there are lots of people who go stupid over "big numbers" and fail to think about the ROI. Put 10bil in a 1.5% account and its a 150mil a month, there are sadly many ppl who would be excited about that, if they didnt have to do a thing. OMG! You "pyramid quoted," expect to be banned! On a less sad note, I don't think people would be dumb enough to settle for 1.5% interest on a mere 10B but I suspect that if I and most of EvE stumbled upon 1 trillion I would throw it in a checking account at 1.5% interest and live on the not so meager 15B a month. I could loose a mothership every month! I might have to fit them like this but what does it matter if I can just buy another one.... 5% Mining & Manufacturing Implants
Treelox Amarr Market Jihadist Revolutionary Party	Posted - 2008.01.24 03:56:00 - [18] Originally by: Astorothe The account cap makes sense - the account cap change only on the 1.5% account makes you look stingy. baby steps....baby steps.... I see nothing saying that they wont in the future raise the cap on the 3% accounts. The are being cautious, maybe overly so, about swallowing more isk that they feel able to deal with in a proper and easy manner. --
Minerva Vulcan Caldari The Nexus Foundation Endless Horizon	Posted - 2008.01.24 04:08:00 - [19] Originally by: Astorothe The account cap makes sense - the account cap change only on the 1.5% account makes you look stingy. If you don't like the service then don't use it. _______________________________ I need new voices in my head, To speak my secret evils with. I need new lovers in my bed, To be my friends and special pets.
Kwint Sommer Incoherent Inc Otaku Invasion	Posted - 2008.01.24 04:18:00 - [20] As an investor in Ebank I would like to take a minute to launch into a long rant about the absurdity of placing heavy restrictions on the amount of ISK I can put in 1.5% interest account. Actually forget about the tiny interest rate, what if I want to do multi-billion transactions from my "checking account?" Isn't the whole point of checking account that you store a balance their with the intent of transferring funds around so why limiting my working capital to a billion...yadda, yadda, yadda...rable, rable.... When you actually take a step back and get a little perspective it's good to see that you guys are continuing to make safety and proper management of funds your primary objective, as opposed to growth or raw profits. For those of you that wonder why we follow Ricdic and Hexxx "like lemmings," (as one of you put it) it's because of this attitude more than anything else. 5% Mining & Manufacturing Implants
Shadarle	Posted - 2008.01.24 04:31:00 - [21] Originally by: Minerva Vulcan Originally by: Astorothe The account cap makes sense - the account cap change only on the 1.5% account makes you look stingy. If you don't like the service then don't use it. Not quite sure E-Bank would agree with the attitude that if you don't like what they are offering right now then you can go to hell. But at the same time, if they have too much demand at 1.5% then they'd be idiots to raise the cap on 3% as well. If the problem is runs on the bank then make a 3rd account at 2% with a 1 week notice required to withdraw the money. The reason people would take 2% over 3% is because you'd allow unlimited deposits at 2% because there would be that 1 week notice required. This prevents runs on the bank a bit. As to the thing about consumer confidence... if people are willing to give you their money then obviously they have confidence. If you'd get so much money that it would hurt the confidence some have then it seems to be a worthless point, no? Tanking Setups Compared Stacking Penalty / Resists Explained
Minerva Vulcan Caldari The Nexus Foundation Endless Horizon	Posted - 2008.01.24 04:35:00 - [22] Originally by: Shadarle Not quite sure E-Bank would agree with the attitude that if you don't like what they are offering right now then you can go to hell. I know that they're trying to provide a service that a lot of people in the EVE community can use. However, they've also explained about their caps and percentages plenty of times, so I don't see any point in complaining about it. I know they're open to listening to what customers want to see out of the bank which is good, but when people just say "bigger cap and more interest" all the time it just gets a bit old. _______________________________ I need new voices in my head, To speak my secret evils with. I need new lovers in my bed, To be my friends and special pets.
Shar Tegral	Posted - 2008.01.24 04:47:00 - [23] Originally by: Shadarle If the problem is runs on the bank then make a 3rd account at 2% with a 1 week notice required to withdraw the money. The reason people would take 2% over 3% is because you'd allow unlimited deposits at 2% because there would be that 1 week notice required. This prevents runs on the bank a bit. This is one of those things we have debated and argued on. One week's notice is not sufficient when loans are issued that will take months at a time to return in full. You have to remember we have only been operating for a relatively short time and thus we wish to move carefully even at the expense of ire amongst depositors and/or loan officer(s). Originally by: Shadarle As to the thing about consumer confidence... if people are willing to give you their money then obviously they have confidence. If you'd get so much money that it would hurt the confidence some have then it seems to be a worthless point, no? It doesn't take much more than the mention of Ebank to get trolling started. (Or at least it regularly seems that way.) The last thing we need is to have the ad infinitum (ad nauseum) thread derailment about how I'm (or someother Ebank member) is the super scammer of all time just trying to increase my (our) success. Expanding like crazy is not going to happen and consumer confidence is but one factor. An important one but only one of several. Now, I'm doing my best to answer your questions as bluntly as I may without disclosing internal discussions (arguments). I'm sure if you think about it, from our perspectives, you can easily figure out some sticking points in any expansion that we bicker over. But you'll have to use your imagination as right about here is the line I won't cross. >wink< Boycotting Eve Forums - So long and thank you for all the fish.
Ryu Kibegami	Posted - 2008.01.24 05:02:00 - [24] As an Ebank customer, I have mixed feelings about the raised limit in the checking account. First, I agree that I would have prefered the saving account having been the one with a billion ISK balance limit. In my opinion, we who post in the MD forum are here to make money. On the flip side, I am glad that Ebank is taking prudent steps to protect our investment and themselves. I see this saving increase as a logical controlled step in the right direction. Every move that has been made since its conception has been an expansion that they can control. The big picture shows caution and wisdom balanced with offering clients a resonable return. For me, I can say every interaction I have had with an Ebank employee or strong supporter has been positive. The open, frank, and friendly attitude. Which is, for me more important than high returns, but then having to deal with a snide, rude, and or condesending entity. Thus for me, I will continue to plod along with Ebank, and I have trust that in the end, I will get both service and great rates.
Kwint Sommer Incoherent Inc Otaku Invasion	Posted - 2008.01.24 06:00:00 - [25] Originally by: Minerva Vulcan I know they're open to listening to what customers want to see out of the bank which is good, but when people just say "bigger cap and more interest" all the time it just gets a bit old. That's an interesting point, people constantly asking "more money plz" is quite pointless but I think there's room for serious discussion about bank issued Bonds and CD's that pay a better rate. The CD's lock in the ISK for a fixed period during which the bank can be sure it can safely lend. In the highly unlikely event someone does do an early withdrawal on a CD they would be charged a heavy penalty. In the event of a "run on the bank" in the form of early CD withdrawals the bank could find itself without the cash to pay (that's always a possibility, really) and it will be forced to issue relatively high interest, short-term bonds to MD to raise the cash. However, the early withdrawal fees would cover the cost of the emergency bonds and in the meantime your loans are still bringing in ISK but you no longer have the commitment of the CD's so you would come out ahead. To be honest, I always assumed that's what Ebank would do. I mean investors want higher than 3% and I know at least one of you is itching to issue a lot more loans and invest much more heavily and one of the big things holding you back is the stability of your ISK pool. It just so happens that CD's make everyone happy. 5% Mining & Manufacturing Implants
Selene D'Celeste Caldari The D'Celeste Estate	Posted - 2008.01.24 06:43:00 - [26] Originally by: Kwint Sommer It just so happens that CD's make everyone happy. Rome wasn't built in a day ;)
Mr Horizontal Gallente	Posted - 2008.01.24 10:50:00 - [27] Well what we've done is bring the total amount spend in paying interest in line with the savings accounts. You get 500k interest per day on 500m in your savings account. You also get 500k in your checking account on 1b... so net you get in excess of 1m per day for 1.5b. It'd be stupid to suggest EBANK couldn't afford considerably more than this in interest payments (I won't say how much, just considerably more), and yes raising the checking account cap is the cheapest (and consequently the stingiest) way for EBANK to borrow cash, but as you might have guessed, ROI isn't our focus. It should be pretty clear now that EBANK's focus is to allow you to use your ISK out of game via as many value added methods as possible (though I won't say precisely what so as not to detract from the announcement buzz). It is a bank after all, and we have every intention in being a 'Proper Bank' in any way you might consider, but most importantly the rock solid permanence, trustworthiness and reliability of a good bank. Once we offer all of these services, THEN we'll talk about ROI on excess ISK deposited in EBANK to better return. But I can guarantee you before this happens you'll be using EBANK as a vessel to make much higher returns before you get the returns you need directly from EBANK. In the meantime, discussing things like RIPOs and credit ratings will help expedite matters. Discussing about raising caps and rates won't.
Astorothe Aperture Science Industries	Posted - 2008.01.24 12:48:00 - [28] I'm looking forward to seeing these services and benefits materialise. At the moment however - this very moment - there's much better things I can do with 1.5 Billion ISK than to give it to you for 2.25% a month :) Oh - and you guys bought up the topic of caps and %'s in the OP. If you don't want further comments on it, don't mention it - if you do - expect comments on it (pretty straight forward huh). I like the RIPO idea - but until I see it in action its little more than just that, a good idea. I'm sure you guys can pull it off though. EBank has some unique and promising ideas - so lets see them in the flesh! Ze logs show NOTHING! ~ Eve Corp and Fansite Web design, development and hosting services
Astorothe Aperture Science Industries	Posted - 2008.01.24 12:52:00 - [29] PS - don't take this scrutiny the wrong way - I am a firm supporter of EBank but I call things how I see them. There's never anything vindictive in my thoughts. Ze logs show NOTHING! ~ Eve Corp and Fansite Web design, development and hosting services
Shar Tegral	Posted - 2008.01.24 13:11:00 - [30] Originally by: Astorothe PS - don't take this scrutiny the wrong way - I am a firm supporter of EBank but I call things how I see them. There's never anything vindictive in my thoughts. No worries mate. /me goes looking for the account (mis)management tools.
Block Ukx KDM Corp Firmus Ixion	Posted - 2008.01.24 13:32:00 - [31] You should work in your accounting before any expansion. I think is completely unacceptable that you still havenÆt fixed your statistics in your own website. This is not a new issue and I have raised this issue before. Any solid deadlines as to when the statistics page will be fixed? BSAC Mineral Market Manipulation (MinMa) Information Desk
Dreysine Paratheoanametamystichood	Posted - 2008.01.24 13:42:00 - [32] i concur with the suggestion of CD's. But i am sure you dont need us to tell you that.
Shar Tegral	Posted - 2008.01.24 13:48:00 - [33] Originally by: Block Ukx Any solid deadlines as to when the statistics page will be fixed? Yes. You'll be notified of the deadline, in strictest confidence, no less than 5 minutes after the fix is made. This doesn't mean shoddy accounting though. There's simply a bug in that page that is one the list of things to do for the overworked programming staff. The fix is likely something simple... finding where to fix the code is not proving to be so simple. And no, I don't know the specifics. I'm not a coder so I truly hope I don't have to eventually know the specifics. I do know that an audit can be done directly from the logs but the human eye & brain is much more adaptable and intuitive than automated process with a glitch somewhere in it.
Hexxx Minmatar	Posted - 2008.01.24 13:49:00 - [34] Originally by: Block Ukx You should work in your accounting before any expansion. I think is completely unacceptable that you still havenÆt fixed your statistics in your own website. This is not a new issue and I have raised this issue before. Any solid deadlines as to when the statistics page will be fixed? This is a pain point for me. We've had it fixed on our test site but then we ran into problems with it (it tended to break). I'm hoping to have this released soon, but there are challenges with the way we adjust things sometimes. I've considered simplifying our statistics but I'm not in love with that idea either, so as an interm fix I've been coming up with some discussion around each statistic. I have not made this live yet, but will do so this before Monday. That said, I've never seen anyone dispute their account balance as being incorrect. Consulting, IPO Template, and Stock/Bond definitions.
Siri Blue Gallente Arachnea Phoenix Battalion Phalanx Alliance	Posted - 2008.01.24 15:15:00 - [35] If you want to invest more Billions at 1.5% interest - just contact me ;) I bet I can even provide securities ;D Re-Introduce Non-ISK-Mission rewards, please.
Mr Horizontal Gallente	Posted - 2008.01.24 15:28:00 - [36] Originally by: Hexxx Originally by: Block Ukx You should work in your accounting before any expansion. I think is completely unacceptable that you still havenÆt fixed your statistics in your own website. This is not a new issue and I have raised this issue before. Any solid deadlines as to when the statistics page will be fixed? This is a pain point for me. We've had it fixed on our test site but then we ran into problems with it (it tended to break). Well given how different the new version of the database is given the sheer amount of new bells and whistles we're introducing it's not exactly surprising it's incompatible. To really answer Block's post I don't believe it's particularly unacceptable we haven't fixed a stats page with loan stats that are really none of your business nor are we as EBANK under any obligation to even publish! So basically the status is this is bottom-of-the-pile priority with a 50/50 chance of being pulled if there's any further trolling on the subject
Trilori Caldari GearBox Fleet Svcs	Posted - 2008.01.24 16:46:00 - [37] Originally by: Siri Blue If you want to invest more Billions at 1.5% interest - just contact me ;) I bet I can even provide securities ;D this isn't a place for you to advertise your need for 1B at 1.5% either... besides nobody would give it to you that low.
Hexxx Minmatar	Posted - 2008.01.24 17:01:00 - [38] Originally by: Mr Horizontal Originally by: Hexxx Originally by: Block Ukx You should work in your accounting before any expansion. I think is completely unacceptable that you still havenÆt fixed your statistics in your own website. This is not a new issue and I have raised this issue before. Any solid deadlines as to when the statistics page will be fixed? This is a pain point for me. We've had it fixed on our test site but then we ran into problems with it (it tended to break). Well given how different the new version of the database is given the sheer amount of new bells and whistles we're introducing it's not exactly surprising it's incompatible. To really answer Block's post I don't believe it's particularly unacceptable we haven't fixed a stats page with loan stats that are really none of your business nor are we as EBANK under any obligation to even publish! So basically the status is this is bottom-of-the-pile priority with a 50/50 chance of being pulled if there's any further trolling on the subject Well, it isn't a huge priority, but it is something I'm looking to clear up. As has been stated before; EBANK is an entirely private operation and is collectively owned by the Board of Directors. As such, we are under no paticularly requirement to report to the public, only to the "owners". The Board recieves the same reports as the public but also recieves the opinions and analysis of people on the Operational side of things which the public will not see. This is getting into a bigger discussion, which normally I would avoid, but given the context of what we're talking about here just stay with me for a minute: EBANK's current and future Reporting requirements There is no precident of a private entity reporting to the public out of obligation, and in terms of what EBANK does; it is a general courtesy and a service to our account holders. EBANK will almost certainly never sell any shares. This would take ownership away from the Board of Directors and is deemed undesireable in general as it would saddle the Bank with further requirements and obligations. I can not imagine a scenario that would prompt the Board to vote in favor of a measure such as this. EBANK may very well sell bonds as an alternative method to raising cash. However, as is generally accepted by precident within the EVE Markets and in part by real-world models...reporting on Bonds is generally not required. Why EBANK acts the way it does EBANK has always grown in a measured, controlled, conservative fashion. Sometimes this does cause debates within EBANK, but the reasoning for this always comes back to making the Bank as solid as possible. The foundation of what EBANK is, and how it works makes it extremely resiliant. This will always be a focus. So why raise Checking account caps to 1 billion? It is simply the cheapest way for EBANK to raise money. Period. I should also point out that EBANK is only one Banking option available to people...FuryBank offers a much higher return and also that many IPO's do very competative rates as well. EBANK has always had an eye on providing services that others don't and that is its chief selling point and not the rate of return that it offers. Generally speaking, Bank accounts are not primary investment vehicles and the Checking and Savings accounts were not intended for this. Consulting, IPO Template, and Stock/Bond definitions.
Block Ukx KDM Corp Firmus Ixion	Posted - 2008.01.24 17:43:00 - [39] Originally by: Mr Horizontal To really answer Block's post I don't believe it's particularly unacceptable we haven't fixed a stats page with loan stats that are really none of your business nor are we as EBANK under any obligation to even publish! So basically the status is this is bottom-of-the-pile priority with a 50/50 chance of being pulled if there's any further trolling on the subject I disagree. EBANK is about to become one of the largest, if not the largest, EVE institutions handling public funds. The lack of priority given to proper accounting is very concerning, bearing in mind you are a BANK. Is this how you plan to answer concerns risen by the public? ônone of your business,ö and threaten to do nothing about it. I hope you let Hexxx handle public concerns next time. BSAC Mineral Market Manipulation (MinMa) Information Desk
Fury Banker Fury Bank Corp	Posted - 2008.01.24 17:46:00 - [40] Originally by: Hexxx EBANK will almost certainly never sell any shares. This would take ownership away from the Board of Directors and is deemed undesireable in general as it would saddle the Bank with further requirements and obligations. I can not imagine a scenario that would prompt the Board to vote in favor of a measure such as this. Only quoted this part, as the rest of your post I agree with. Whilst EBank may not intend to sell any shares, what's the procedure if a Director leaves? Is there a compulsory buy-back of his/her shares? If not, then the potential for ownership by non-directors already exists.
Shar Tegral	Posted - 2008.01.24 18:11:00 - [41] Originally by: Block Ukx I disagree. You are entitled to but you are wrong. Originally by: Block Ukx The lack of priority given to proper accounting is very concerning, bearing in mind you are a BANK. This is bombastic and reckless. Perhaps your time would be better spent looking at who you give access to the corp hangars? Or explaining to your investors that they've lost out instead of taking the loss onto yourself for unrelated charges or your own mistaken judgement? See, it's easy to make specious allegations. I'm just disappointed that you are the one making them. So, to clear this up... what is wrong with the accounting system? I mean besides a quick summary page that is currently "in development". Because being able to look at the records, directly, I see nothing wrong with our accounting, process, or management. So please, inform us all what's this unaddressed problem you're wasting so much of our time over.
Hexxx Minmatar	Posted - 2008.01.24 19:35:00 - [42] Edited by: Hexxx on 24/01/2008 19:36:38 Originally by: Block Ukx Originally by: Mr Horizontal To really answer Block's post I don't believe it's particularly unacceptable we haven't fixed a stats page with loan stats that are really none of your business nor are we as EBANK under any obligation to even publish! So basically the status is this is bottom-of-the-pile priority with a 50/50 chance of being pulled if there's any further trolling on the subject I disagree. EBANK is about to become one of the largest, if not the largest, EVE institutions handling public funds. The lack of priority given to proper accounting is very concerning, bearing in mind you are a BANK. Is this how you plan to answer concerns risen by the public? ônone of your business,ö and threaten to do nothing about it. I hope you let Hexxx handle public concerns next time. Yes, EBANK is going to be getting very large with it's next phase, however...the size of an entity does not determine that entities obligation for public reporting. EBANK could be several hundred billion isk in size and this would not change. We do limited reporting for the public to give people an idea of where we're at and as a peek inside our inner workings. Our internal reporting is far more rigerious but also involves alot of discussion and explanations. We're improving this before the next Phase but these improvements are all internal...the public will not see them. We can not run EBANK effectively without knowing where our money is, how much we're making, and what our liabilities are. Now, the message of "it's none of your business" may be a blunt way to put it, but there's truth to it. As I've said, EBANK is a private banking entity and is under no obligation based on precident within market discussions to report on it's inner workings. Personally, I think it'd be foolish not to report to some degree, but in terms of completeness and detail...we are aware of what we're reporting and are comfortable with that level. To some degree, people have to trust us at the end of the day (and me in paticular) to keep them aware of any operational issues within EBANK...which includes cash problems, losses, etc. For example, when EBANK takes a loss through the collapse/scam of an IPO or a loan default; we will let people know. EBANK does try to be transparent. Consulting, IPO Template, and Stock/Bond definitions.
Block Ukx KDM Corp Firmus Ixion	Posted - 2008.01.24 19:40:00 - [43] Hexxx, Thank you very much to address my concern. Sincerely, Block Ukx BSAC Mineral Market Manipulation (MinMa) Information Desk
Hexxx Minmatar	Posted - 2008.01.24 20:08:00 - [44] Originally by: Block Ukx Hexxx, Thank you very much to address my concern. Sincerely, Block Ukx I hope I was able to hit upon all the points you were interested in. EBANK is in an interesting position whereby no one has really done anything quite like it before. Generally the larger projects you see here on the MD Forums are firmly within the public realm (i.e. IPO's or something very similiar) but with EBANK it is not. I'm extremely aware of this unique position and I do try to maintain a balance in terms of reporting. Consulting, IPO Template, and Stock/Bond definitions.
Mr Horizontal Gallente	Posted - 2008.01.24 21:42:00 - [45] Originally by: Block Ukx Hexxx, Thank you very much to address my concern. Sincerely, Block Ukx ...and sorry for being blunt.
Mr Horizontal Gallente	Posted - 2008.01.25 00:29:00 - [46] Official EBANK Announcement http://www.eve-bank.net/ New Interim Release Hey all, Hexxx believes I haven't done enough to promote the fact I'm one of the developers of EBANK, and believes I need to announce more stuff. As I'm not a board member I didn't assume to make any official announcements. Anyway, Hexxx has basically ordered me to do this, so blame him! Basically this release was to synchronise the database schema on the live site with the development site. However, in order to do so, there have been so many changes under the hood, that some of the changes that are outwardly visible just had to be released as well. And some extra stuff for you all to play with that we had already developed and bedded in. So here they are: Checking Account Cap Increased to 1b As Hexxx announced earlier, checking accounts have had their deposit cap increased to 1b. So EBANK will now allow you to transfer 500m into your Savings and 1b into your checking. No surprises there. Stats page updated You can now see the historic loan stats of EBANK as well as the current status of the loan account. (and a special present for Block Ukx ) Name Your Own Accounts As the most frequently requested suggestion, you can now name your own accounts! Cash Accounts A lot of you suggested you wanted wallets and divisions. This isn't possible in EBANK, but you can open as many accounts as you wish. So for a one-off 25,000 ISK fee you can have your very own cash account. Cash accounts are just like Sweep accounts, and are not interest bearing. They are just an extra account which you can name differently that holds ISK. Issues This is a big release behind the scenes, although it may not seem so. I'd be foolish if I didn't expect to see some occasional explosions. If you encounter any problems please report it on EBANK's Bug Hunter forum. We will be on the ball for any issues that may arise, but please remain calm if you spot anything!
Mr Horizontal Gallente	Posted - 2008.01.25 00:31:00 - [47] One more thing... * You didn't think that was all did you?! Yes, the new big feature we're giving you now is Shared accounts. Via the same process as opening a cash account, you can also open a Shared account. Shared accounts are accounts that can be accessed by other EBANKers that you trust. You can now assign roles to a Shared account: Owner, Deposit and Withdraw. At least one user has to be an Owner of a Shared account. Other people can also be made Owners, or just given Deposit and Withdraw roles. Anyone who has a role at all will be able to see the account. So Shared accounts. Yours for just 200,000.00 ISK :D * hehe, OK, it was Hexxx's idea to copy Mr. Jobs's little gag, but what the hey ;)
Dal Thrax Multiverse Corporation	Posted - 2008.01.25 02:07:00 - [48] Any chance you can set up an account type that requires two "signatures" to withdraw and perhaps will send everybody on the account a mail and implement a 12 hour delay if somebody tries to withdraw more then 20% of the total account value within 24 hours. Dal Thrax CEO Multiverse Corporation Sig? I don't need no stinking sig...
Shadarle	Posted - 2008.01.25 02:31:00 - [49] Originally by: Dal Thrax Any chance you can set up an account type that requires two "signatures" to withdraw and perhaps will send everybody on the account a mail and implement a 12 hour delay if somebody tries to withdraw more then 20% of the total account value within 24 hours. Dal Thrax CEO Multiverse Corporation This is a brilliant idea, the signatures part. I'd probable never use it... but I can see others using it. I can also see it being useful for some IPO's in the future. It would allow E-Bank to be used as a place to store IPO money which is controlled by a respected member of the community and that person can allow the person running the IPO access to funds once they've discussed what it is needed for, etc. Similar to the way Shar and Benvie work on RDIR. Tanking Setups Compared Stacking Penalty / Resists Explained
Astorothe Aperture Science Industries	Posted - 2008.01.25 03:21:00 - [50] Originally by: Dal Thrax Any chance you can set up an account type that requires two "signatures" to withdraw and perhaps will send everybody on the account a mail and implement a 12 hour delay if somebody tries to withdraw more then 20% of the total account value within 24 hours. Dal Thrax CEO Multiverse Corporation I agree, this type of functionalty is an excellent idea. Real services like this will make EBank a very useful corporation and not just a "low interest investment" which is how some people view it now (which it isn't meant to be). Ze logs show NOTHING! ~ Eve Corp and Fansite Web design, development and hosting services
Kwint Sommer Incoherent Inc Otaku Invasion	Posted - 2008.01.25 03:41:00 - [51] What I think will make Ebank "a very useful corporation and not just a 'low interest investment'" is two advancements that seem to be a ways off by Ebank's preference. 1) CDs and the substantial increase both in lending and interests that goes with them. 2) getting so large and ubiquitous that they actually see a large number of internal transactions that reflect trading between unrelated corporations rather than simple managing of invested funds, in other words people actually use them to handle their business needs rather than simply borrowing or investing ISK. 5% Mining & Manufacturing Implants
Mehixa	Posted - 2008.01.25 05:23:00 - [52] Edited by: Mehixa on 25/01/2008 05:23:33 alt-tastic
Kaaii Caldari PixelJuice Design Executive Outcomes	Posted - 2008.01.25 11:11:00 - [53] Edited by: Kaaii on 25/01/2008 11:16:54 A feature Id like to see added.. "Credit Rating" I know each account has one, I'd just like to log in and see what it is. Obviously, this would be some base form, some number derived from basic info, deposits etc. But according to web site, if I, for example want to take out a loan, I enter the field and press the button. Following this EBANK will provide you a loan typically with 10-15% interest depending on the collateral you've provided and your credit rating with EBANK. Does my EBANK credit rating move over time, amount on deposit, withdrawal, loans paid (or defaulted on). ----- While I'm not a huge investor(yet) in EBANK, I see this service as a way of increasing my personal "clout" if you will, in the form of a community based rating. Yes I know, it could be a popularity contest, and I wouldn't want that, but if some sort of scale could be implemented, and reported to, the account holder, that would be nice. Following this, would EBANK publish/list this info as well, or make it available to a query (maybe from/only(?), existing EBANK account holders? Just some random thoughts this morning, but still, on my mind.. Thanks Kaaii /edit - This thread, made me think about this.. According to Oveur, existing LSAA's already anchored will stay there. kieron Director of Community Relations,
Mr Horizontal Gallente	Posted - 2008.01.25 11:52:00 - [54] Originally by: Dal Thrax Any chance you can set up an account type that requires two "signatures" to withdraw and perhaps will send everybody on the account a mail and implement a 12 hour delay if somebody tries to withdraw more then 20% of the total account value within 24 hours. Dal Thrax CEO Multiverse Corporation Originally by: Shadarle This is a brilliant idea, the signatures part. I'd probable never use it... but I can see others using it. I can also see it being useful for some IPO's in the future. This is a good idea, and while I understand the need to do this, I wouldn't want to introduce code that is there only to satisfy politics thus adding complexity to EBANK's account mechanics unless there's a real need that's essential to a lot of customers rather than just a few. And as Shad says, he probably wouldn't use it... This is partly why Shared accounts are like they are and not specifically corporate accounts which while possible from further API queries wouldn't work as freely as the current method. In order for special escrow services, I'd suggest you contact an EBANK teller and they can then be made the Owner of the Shared account. Obviously a teller would need to process any withdrawal, so it's not a big deal if it's them who starts the withdrawal request at your nod. Also, you can have a number of shared accounts - you're not limited to one, so you can have one account with one person who can only withdraw from that account that has a certain balance etc. So the basis for the sigs is if there's a lot of need to do them, I'll introduce them. Otherwise, I'll let the tellers handle it. That OK? Originally by: Astorothe Real services like this will make EBank a very useful corporation and not just a "low interest investment" which is how some people view it now (which it isn't meant to be). Aye. As you can see, the features we've been rolling out slowly with P2P transfers and Shared accounts is about using your ISK with EBANK as a vessel rather than just as an investment. Of course, these hardly scratch the surface in terms of true usefulness right now, but in time, we expect they'll grow to be really important. Originally by: Kwint Sommer What I think will make Ebank "a very useful corporation and not just a 'low interest investment'" is two advancements that seem to be a ways off by Ebank's preference. 1) CDs and the substantial increase both in lending and interests that goes with them. Please read Hexxx's posts above about CD's. Let me nerf this idea bluntly (but hopefully politely) CD's aren't even on the radar! Why? You have to look at the business case for them. Interest for CD's is paid for out of a business requirement to borrow the capital for a set time without any worry for withdrawing that cash for that time. In essence a CD is so ridiculously similar to a bond that it shouldn't be a problem, but it's the latter option EBANK would introduce. At the end of the day if EBANK needed extra capital it would release a bond. Bonds are far more preferable to CD's because they are flexible. They allow EBANK to have different maturity dates and allow EBANK to set the interest rate to a rate that's reflective of the current economic outlook and requirement at that time. CD's once introduced set a precedent, and that makes it inflexible for EBANK to operate under, thus we will not introduce them. Hope that clears up the confusion. Originally by: Kwint Sommer 2) getting so large and ubiquitous that they actually see a large number of internal transactions that reflect trading between unrelated corporations rather than simple managing of invested funds, in other words people actually use them to handle their business needs rather than simply borrowing or investing ISK. Damn Hexxx, Ricdic!, the Grand Plan(tm)'s been foiled! Kwint, you've just touched on pretty much EBANK's raison d'etre! But there's plenty more to come
Mr Horizontal Gallente	Posted - 2008.01.25 11:54:00 - [55] Originally by: Kaaii Credit Rating Big discussion here about them, including our current ideas within EBANK. For the record, everyone, please discuss as avidly as possible about RIPOs and credit rating in that thread. You have no idea how important ratification of the ideas in that thread is to our development schedule for EBANK!
Hexxx Minmatar	Posted - 2008.01.25 16:32:00 - [56] Originally by: Mr Horizontal Originally by: Kaaii Credit Rating Big discussion here about them, including our current ideas within EBANK. For the record, everyone, please discuss as avidly as possible about RIPOs and credit rating in that thread. You have no idea how important ratification of the ideas in that thread is to our development schedule for EBANK! No one has commented on the shared accounts functionality...can we get some feedback? Consulting, IPO Template, and Stock/Bond definitions.
Ray McCormack hirr	Posted - 2008.01.25 16:41:00 - [57] Originally by: Hexxx can we get some feedback? I gave that feed to my horse, if you want it back you'll have to go digging. Ask me about Secured ISK Loans from the BMBE.
Bouncer Ricdic	Posted - 2008.01.25 17:24:00 - [58] Originally by: Hexxx No one has commented on the shared accounts functionality...can we get some feedback? As I have said in our EBANK board forums and on MSN to you and Horizontal I think they are a fantastic starting ground but they really need the ability to place restrictions as was mentioned above. My line of thinking was a little different to the other person (who suggested 2 people needing to sign for it) in that I was suggesting you could give someone limited take access and then be able to choose the limitations (ie cannot withdraw more than 20m per day, or whatever). Basically the fields you enter can help you regulate who has how much access. CCP already has shared wallet access in-game. What CCP doesn't have is the ability to limit that shared wallet access. I think that's the direction EBANK needs to go with shared accounts, in providing features that aren't possible or are too tediuos in-game. Just my 2c
Richard Kitan United Space Republic Research	Posted - 2008.01.25 17:28:00 - [59] Originally by: Hexxx No one has commented on the shared accounts functionality...can we get some feedback? I think the shared accounts thing is great. I currently have an ebank account, but I tossed something small like 15m in it back during the initial opening, and haven't really touched it since. Shared accounts might actually give me a reason to use it more. Having cash somewhere that both my PvP account(s) and my income-generating account can get to it is a pretty darn good feeature. -- Richard Kitan Builder of Stuff
SencneS Amarr Spartan Industrial Manufacturing SMASH Alliance	Posted - 2008.01.25 17:58:00 - [60] "I'm an EBank investor.", "Invested ISK into EBank.". "I would invest in EBank if he had a better return." This is an impression EBank is trying to shack. I believe most of us at EBank want EBank to be viewed as a service rather then an investment. As far as Investments go we're pretty low interest, something to just entice you to keep your ISK with us as you use us as a service. Some of the new features that will be added to EBank should help with this "Investment" image. I'm not saying you should yank your ISK from EBank and throw it into a real IPO, just because we don't want to be considered an "Investment." We offer some return simply because people have idle isk and don't trust some IPOs, those should throw their spare ISK into EBank because it's at least giving them something. However in the future EBank will look more like a service or a business companion to EVE rather then an Investment to throw a billion or two into. Amarr for Life
Ray McCormack hirr	Posted - 2008.01.25 18:21:00 - [61] The benefit of an EBank shared account becomes apparent when you consider that account sharing is both against the EULA and insecure. The merits of having a shared pool of resources without the risk associated with handing out your EVE login is bountiful. Add to that the fact you can manage the amount shared, and those who have access to it through a web interface, and suddenly this seemingly mediocre toy becomes an increasingly useful asset. Stick that in your write-up and smoke it. Ask me about Secured ISK Loans from the BMBE.
Hexxx Minmatar	Posted - 2008.01.25 18:26:00 - [62] Originally by: Ray McCormack The benefit of an EBank shared account becomes apparent when you consider that account sharing is both against the EULA and insecure. The merits of having a shared pool of resources without the risk associated with handing out your EVE login is bountiful. Add to that the fact you can manage the amount shared, and those who have access to it through a web interface, and suddenly this seemingly mediocre toy becomes an increasingly useful asset. Stick that in your write-up and smoke it. Wow...you make a good EBANK salesperson. =) Consulting, IPO Template, and Stock/Bond definitions.
Dreysine Paratheoanametamystichood	Posted - 2008.01.25 19:17:00 - [63] the only value added by shared accounts in the current incarnation is the ability to have shared resources between alts/players that are not in the same corp. while not entirely value-less, i dont see it as a major incentive until some kind of approval process is implemented to allow account co-holders to keep eachother in check.
Trilori Caldari GearBox Fleet Svcs	Posted - 2008.01.25 19:19:00 - [64] Originally by: Shadarle Originally by: Dal Thrax Any chance you can set up an account type that requires two "signatures" to withdraw and perhaps will send everybody on the account a mail and implement a 12 hour delay if somebody tries to withdraw more then 20% of the total account value within 24 hours. Dal Thrax CEO Multiverse Corporation This is a brilliant idea, the signatures part. I'd probable never use it... but I can see others using it. I can also see it being useful for some IPO's in the future. It would allow E-Bank to be used as a place to store IPO money which is controlled by a respected member of the community and that person can allow the person running the IPO access to funds once they've discussed what it is needed for, etc. Similar to the way Shar and Benvie work on RDIR. Isn't this sortof somewhat kindof available with shared accounts? For example say I give out a private loan, I can setup a shared account for me and that borrower, they would have deposit rights etc. As such for IPOs possibly, as you can setup withdraw/deposit and owner roles as well those are all options available for IPOs possibly.
Ray McCormack hirr	Posted - 2008.01.25 19:21:00 - [65] Originally by: Dreysine the only value added by shared accounts in the current incarnation is the ability to have shared resources between alts/players that are not in the same corp. while not entirely value-less, i dont see it as a major incentive until some kind of approval process is implemented to allow account co-holders to keep eachother in check. The only feasible solution would be to have a master account-holder, and possibly to set withdrawal limits per character. There are no other measures besides that. Ask me about Secured ISK Loans from the BMBE.
Hexxx Minmatar	Posted - 2008.01.25 19:25:00 - [66] Originally by: Dreysine the only value added by shared accounts in the current incarnation is the ability to have shared resources between alts/players that are not in the same corp. while not entirely value-less, i dont see it as a major incentive until some kind of approval process is implemented to allow account co-holders to keep eachother in check. As an ex-CEO, I find value in having a Corp account that only a few people can access; which frees me to make people Directors without exposing all of my Corp assets (cash) to the risks associated with that. Consulting, IPO Template, and Stock/Bond definitions.
Dreysine Paratheoanametamystichood	Posted - 2008.01.25 19:36:00 - [67] Originally by: Hexxx As an ex-CEO, I find value in having a Corp account that only a few people can access; which frees me to make people Directors without exposing all of my Corp assets (cash) to the risks associated with that. isnt that exactly what wallet divisions and ingame roles are for?
Ray McCormack hirr	Posted - 2008.01.25 19:41:00 - [68] Originally by: Dreysine isnt that exactly what wallet divisions and ingame roles are for? And now you have an 8th corp wallet with a simpler control structure. Ask me about Secured ISK Loans from the BMBE.
Kwint Sommer Incoherent Inc Otaku Invasion	Posted - 2008.01.25 20:05:00 - [69] Originally by: Ray McCormack Originally by: Dreysine isnt that exactly what wallet divisions and ingame roles are for? And now you have an 8th corp wallet with a simpler control structure. Yes but it comes with a 1% transfer fee. My issue is that as my corp is currently small I'm fine using the in-game wallet, as I get bigger I can see locking for alternatives but a big corp has lots of transfers and I already do ~25B a month in trading so when you scale that up, tack on a 1% fee several times a month and assume I use that wallet for a decent chunk of my transactions and I would be paying a billion a month in transfer fees... I just don't see what I can do with this account that I can't do with a properly setup corporate wallet and if I started using it heavily it would *****my bottom line. Further, I can setup a ton of corporate wallets thanks to alts. I just establish a corporation run by my alt and composed entirely of my coworkers alts and use the corp purely for its wallets. It wouldn't take any longer to log into an alt, transfer the ISK to a main and log back into the main than it would to transfer ISK through Ebank and it wouldn't cost me not-so-trivial 1% each time I do it. 5% Mining & Manufacturing Implants
Kwint Sommer Incoherent Inc Otaku Invasion	Posted - 2008.01.25 20:09:00 - [70] Originally by: Ray McCormack Originally by: Dreysine isnt that exactly what wallet divisions and ingame roles are for? And now you have an 8th corp wallet with a simpler control structure. Yes but it comes with a 1% transfer fee. My issue is that as my corp is currently small I'm fine using the in-game wallet, as I get bigger I can see locking for alternatives but a big corp has lots of transfers and I already do ~25B a month in trading so when you scale that up, tack on a 1% fee several times a month and assume I use that wallet for a decent chunk of my transactions and I would be paying a billion a month in transfer fees... I just don't see what I can do with this account that I can't do with a properly setup corporate wallet and if I started using it heavily it would sexually abuse my bottom line. Further, I can setup a ton of corporate wallets thanks to alts. I just establish a corporation run by my alt and composed entirely of my coworkers alts and use the corp purely for its wallets. It wouldn't take any longer to log into an alt, transfer the ISK to a main and log back into the main than it would to transfer ISK through Ebank and it wouldn't cost me not-so-trivial 1% each time I do it. EDIT: apparently r@pe is filtered 5% Mining & Manufacturing Implants
I337	Posted - 2008.01.25 20:55:00 - [71] Wow its taken Mr. Horizontal this long to deveolop the website / database as far as it is now...? If he worked for me I would have fired him already. http://www.NewUniverseExchange.com
Kwint Sommer Incoherent Inc Otaku Invasion	Posted - 2008.01.25 21:05:00 - [72] Originally by: I337 Wow its taken Mr. Horizontal this long to deveolop the website / database as far as it is now...? If he worked for me I would have fired him already. Ufl is back! Where have you been man? MD just hasn't been the same without your trolling and alt spamfests.... 5% Mining & Manufacturing Implants
Minerva Vulcan Caldari The Nexus Foundation Endless Horizon	Posted - 2008.01.25 21:59:00 - [73] Originally by: I337 Wow its taken Mr. Horizontal this long to deveolop the website / database as far as it is now...? If he worked for me I would have fired him already. I know it's not html basic like your Failsites, but we live with it. _______________________________ I need new voices in my head, To speak my secret evils with. I need new lovers in my bed, To be my friends and special pets.
Shar Tegral	Posted - 2008.01.25 22:31:00 - [74] Originally by: I337 Wow its taken Mr. Horizontal this long to deveolop the website / database as far as it is now...? If he worked for me I would have fired him already. Well it took 5 - 6 years or so for CCP to finally put that there "report post" link beside every post too. But I'm glad it's there now.
Balogh Gallente Real-time EVE Stock Exchange	Posted - 2008.01.26 00:40:00 - [75] Originally by: I337 Wow its taken Mr. Horizontal this long to deveolop the website / database as far as it is now...? If he worked for me I would have fired him already. Why would he work for you in the first place? _________ Real-time EVE Stock Exchange, Blog Feature request: Share transfer log (4 months and counting!)
Brisco Smiley Peppermint Bay Trading Company	Posted - 2008.01.26 01:04:00 - [76] Originally by: Kwint Sommer Ufl is back! But now where is Taikun?
Karanth Gallente Eve's Brothers of Destiny Free Trade Zone.	Posted - 2008.01.26 01:54:00 - [77] I'm no investor in E-bank, but I do have an account with money in it. I have yet to see anything that makes me disagree with the management skills of the board, and right now, I am considering getting a restraining order; invading my mind and implementing all of the things I want can't be legal. All that's left... There is only one sig hijack that matters, the orginal and only member of the hijack squad. me. -Eris. ps Black russians are better then beer. Well, there's not many of us left! -Rauth
Dal Thrax Multiverse Corporation	Posted - 2008.01.26 03:19:00 - [78] Originally by: Dreysine Originally by: Hexxx As an ex-CEO, I find value in having a Corp account that only a few people can access; which frees me to make people Directors without exposing all of my Corp assets (cash) to the risks associated with that. isnt that exactly what wallet divisions and ingame roles are for? Your directors always have access to all of your wallet divisions. Dal Thrax CEO Multiverse Corporation Sig? I don't need no stinking sig...
Dal Thrax Multiverse Corporation	Posted - 2008.01.26 04:34:00 - [79] Well reading this thread I have a couple concerns about E-Bank 1) Is Ray McCormack associated with the bank? 2) As somebody who has worked in the financial sector in the past I'm a bit concerned that nobody at e-bank is familiar with the practice of requiring two signatures on a transaction. (Most RL business checking accounts require two signatures as a security precaution and a certified check from a bank always requires two bank officials to sign). 3) I am worried about EBANK accounts being used to purchase out of game items. How do I know this won't turn into the next EGOLD? 4) I see that two EBANK accounts can transfer isk for each other. What precautions do you have in place to keep this featuring from being used for RMT? 5) I think you're making a mistake not going after the corporate market. Most corps probably have at least one account that gets drawn down over time then gets a sudden infusion of cash (for example buying minerals from miners then liquidating them in some form). It would be nice if we could make interest on these "ready funds" during the draw down process. Some kind of billing front end so that members can buy and sell things to the corp (generating an invoice to be approved by the appropriate director) would be great but I get the feeling you're heading that way anyway. (Actually we might be able to program some of this internally but EBANK would probably need to provide the basic tools as well as host the final "approve bill" screen.) Dal Sig? I don't need no stinking sig...
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.01.26 04:47:00 - [80] Originally by: Dal Thrax 1) Is Ray McCormack associated with the bank? Not at all. Other than being a mate in-game that's pretty much it. He does run BMBE (a competing financial service) but other than that I think his input is only for bettering the community like most of the guys around. Quote: 2) As somebody who has worked in the financial sector in the past I'm a bit concerned that nobody at e-bank is familiar with the practice of requiring two signatures on a transaction. (Most RL business checking accounts require two signatures as a security precaution and a certified check from a bank always requires two bank officials to sign). I am sure everyone is familiar with it. I believe it wasn't initially implemented due to devs (our devs) expected lack of uptake on the feature. But we are definetly interested to see just how beneficial such services would be and I personally think it's a fantastic idea. If enough people show support for a shared account that can be limited to require multiple signatories you will see our coders implement it. Quote: 3) I am worried about EBANK accounts being used to purchase out of game items. How do I know this won't turn into the next EGOLD? Well the way EBANK is structured, something like this would need to involve a good portion of the EBANK staff in order to succeeed. Obviously with any eve business there's every risk of a person scamming. But with EBANK it would need a handful of trusted people to do this scam or be a part of it, which in my opinion either far increases the isk requirements or runs the risk of one of the members shouting foul. Really if I quietly approach Shar Tegral and tell him I will split 50b with him for a scam he will either agree or disagree. The second I say that to him if he disagrees then he wouldn't hesitate to yell it out loud. Personally I think the combined reputation of all the EBANK board combined is worth far in excess of 1 trillion isk (that amount is one I personally don't ever want in my complete possession as I don't even want the temptation there). I chose a board of directors because of this specific reason, I didn't want to ever reach that point where temptation was too strong. Quote: 4) I see that two EBANK accounts can transfer isk for each other. What precautions do you have in place to keep this featuring from being used for RMT? We can't really comment on this but we have been communicating and co-operating with CCP on the matter and won't tolerate RMT being actioned through EBANK. We are cooperating 100% with CCP on the matter. That's all I can say Quote: 5) I think you're making a mistake not going after the corporate market. Most corps probably have at least one account that gets drawn down over time then gets a sudden infusion of cash (for example buying minerals from miners then liquidating them in some form). It would be nice if we could make interest on these "ready funds" during the draw down process. Lets get the corporate structure in place before we add to it. Quote: Some kind of billing front end so that members can buy and sell things to the corp (generating an invoice to be approved by the appropriate director) would be great but I get the feeling you're heading that way anyway. (Actually we might be able to program some of this internally but EBANK would probably need to provide the basic tools as well as host the final "approve bill" screen.) No comment

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