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Heated Don
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Posted - 2008.05.07 22:46:00 -
[1]
1) When you start an IPO why do people ask for your full API code, isnt it dangerous to give it away? (what does it tell them?) 2) Also s there a link that explains shares and how they work when you sell them in game? thx
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Grandial
Domus Meridian
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Posted - 2008.05.07 23:47:00 -
[2]
1) The full api code gives people a way to view the status and the transactions made on your account (or your corp accounts if you have the necessary roles), and some other things aswell. It's not really dangerous but it's ofcourse not recommended to give it away to everybody and their dog. What's usually done is to give it to a thrusted party so he can see if you have the needed skills to run your operation and by looking at your market transactions he can see what you have been doing. Then he can report to the public without giving details if you have a viable business.
2) don't really have practical experience but this thread contains some answers
ôTwo things are infinite: the universe and human stupidity; and I'm not sure about the the universe.ö |

Mr Horizontal
Gallente KIA Corp KIA Alliance
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Posted - 2008.05.08 08:03:00 -
[3]
As Grandial said - basically one method to gain trust is get someone who's already trusted to audit your operation. That either involves him being able to poke around your corp and/or auditing your skills and wallet via the API.
In game shares are just an arbitrary number. You create shares by making a vote in your corp, and once you have the right number, what you do with them is what matters! There's no such thing as an exchange, share transfers aren't logged and you have no control over them once they've left your posession.
The 'price' of a share in an IPO is whatever capital your looking for your 'Market capitalisation', or 'marcap' for short, divided by the number of shares you're offering. So if you're looking to raise 10b, and you have 10000 shares, your share price will be 1m. So once you sell all 10000 shares, you will have 10b.
Director | www.eve-bank.net |

Roguehalo
Caldari RH Ship Brokers
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Posted - 2008.05.08 09:11:00 -
[4]
Turning over your full api key to a trusted 3rd party allows that 3rd party to report on what you ACTUALLY do as opposed to what you SAY you do
If the two coincide then all well and good.
It also allows a subjective view of your competence at what you say you do to be made.
As a newcomer to the investing scene(i only have 2 small investments so far) I am at least as concerned with the competence of an IPO offerer as I am with his honesty.
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Robacz
Essence Trade Essence Enterprises
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Posted - 2008.05.08 09:14:00 -
[5]
Originally by: Heated Don 1) When you start an IPO why do people ask for your full API code, isnt it dangerous to give it away? (what does it tell them?) 2) Also s there a link that explains shares and how they work when you sell them in game? thx
My only advice to you is: never ever give your full API to anyone. It is not worth of it.
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YunFu Yan
Yan Enterprises
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Posted - 2008.05.08 10:35:00 -
[6]
Originally by: Robacz My only advice to you is: never ever give your full API to anyone. It is not worth of it.
Nice generalization...
I could publish my full API key freely and it wouldn't matter the slightest to me or my business.
Infact I have so many transactions per day, that my logs usaly don't go back further than 2 to 3 days. Even if you took the time to read throu all of them you wouldn't learn anything about me that would give you an advantage over me.
You could however verify my NAV, what I do and where I do it. And that's the whole point of giving the key out.
If I wanted to launch an IPO and could gain trust by publishing my API-key then how is that not worth it?
------------------------------------------------- Yan Enterprises - We mean business. |

Robacz
Essence Trade Essence Enterprises
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Posted - 2008.05.08 10:42:00 -
[7]
Becouse they know your alts, they know what you trade, where you trade, what is your stock, how much you paid for it, what BPOs you have, how much ISK you have.... everything. It may not be problem for some, but generally it is not a good idea to tell everything about yourself to someone who claim to be "trusted individual".
I would never require full API key from IPO holder in order to invest in him.
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YunFu Yan
Yan Enterprises
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Posted - 2008.05.08 10:50:00 -
[8]
Ofcourse, but I think generally saying "never ever do it" is silly. As silly as saying "always do it".
It's up to the individual to decide.
If you're mature enough to plan an IPO you should be mature enough to decide whether the aditional trust it's worth it or not.
Your advice therefor was superfluous and also unasked for. (The OP asked if it is dangerous to provide your full key.)
------------------------------------------------- Yan Enterprises - We mean business. |

Robacz
Essence Trade Essence Enterprises
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Posted - 2008.05.08 10:58:00 -
[9]
Considering the fact that he is obviously not aware of full API's capabilities (see OP), I think my advice was good. But you are right, it was not much informative... so OP, here is link with API's full description - decide by yourself if you want to risk giving this information to someone: http://wiki.eve-dev.net/APIv2_Page_Index. 
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Kylar Renpurs
Dusk Blade
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Posted - 2008.05.08 11:06:00 -
[10]
Quote: What's usually done is to give it to a thrusted party
Lol,, did I pick you up on this last time? I remember someone did this before,,,
So there's no confusion,,,
Quote: What's usually done is to give it to a trustedparty
Although I quite like the idea of giving it to a thrusted party :)
Improve Market Competition! |

Kazuo Ishiguro
House of Marbles Zzz
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Posted - 2008.05.08 11:14:00 -
[11]
The only instances under which I would invest in someone who didn't undergo an API audit would be if they provided collateral of value at least equal to the total capital raised, or possibly if they allowed a trusted third party's alt to sit in their corp as a director (thus obtaining the same information via the API except for the list of alts & skills trained).
Stuff that people can see with your full API key: A list of all your characters on that account Their skills Wallet & transactions history going back 7 days, regardless of # of entries All assets, everywhere (including those in space, fitted to ships or inside containers that are not searchable ingame) Science & industry jobs All the corp equivalents of the above that the corp roles of those characters allow you to see ingame
Note that this includes the locations of starbases, their fuel and ammo levels & exact fittings. Also, I think this means it's possible to audit up to 3 corporations at once with 1 api key if it's associated with a character in each corp. My research services Spreadsheets: Top speed calculation - Halo Implant stats |

Haakkon
Gallente GoonFleet GoonSwarm
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Posted - 2008.05.08 12:23:00 -
[12]
For security reasons, I would recommend against disclosing a full API key if at all humanly possible.
I know that my API keys would be used for nefarious purposes, and there area *always* people looking to do harm.
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YouGotRipped
Ewigkeit
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Posted - 2008.05.08 13:20:00 -
[13]
Edited by: YouGotRipped on 08/05/2008 13:25:06
Originally by: Haakkon For security reasons, I would recommend against disclosing a full API key if at all humanly possible.
I know that my API keys would be used for nefarious purposes, and there area *always* people looking to do harm.
Don't worry goon, there's no chance we'll ever run out of toilet paper.
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Haakkon
Gallente GoonFleet GoonSwarm
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Posted - 2008.05.08 13:39:00 -
[14]
Originally by: YouGotRipped Edited by: YouGotRipped on 08/05/2008 13:25:06
Originally by: Haakkon For security reasons, I would recommend against disclosing a full API key if at all humanly possible.
I know that my API keys would be used for nefarious purposes, and there area *always* people looking to do harm.
Don't worry goon, there's no chance we'll ever run out of toilet paper.
...Toilet Paper?
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Amarr Citizen 155
Alternative Methods Research Group
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Posted - 2008.05.08 20:26:00 -
[15]
Originally by: Haakkon
Originally by: YouGotRipped Edited by: YouGotRipped on 08/05/2008 13:25:06
Originally by: Haakkon For security reasons, I would recommend against disclosing a full API key if at all humanly possible.
I know that my API keys would be used for nefarious purposes, and there area *always* people looking to do harm.
Don't worry goon, there's no chance we'll ever run out of toilet paper.
...Toilet Paper?
nefarious purposes = using your api key for toilet paper.
---------------------------------------------- Why do it the hard way when you can do it the AMARR way. |
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