I mean, it's all fine and dandy to act like this is the real world

why bother with the risk of being scammed and losing everything?

Now who's pretending this is the reall world ?

I mean, it's all fine and dandy to act like this is the real world and you need X money to start up a company and make Y money. But on Eve, we aren't held accountable like we are in the real world. Our credit isn't destroyed for years ...

said insightful words.

Thanks Tekota, very helpful.

for Kara:

But then why are there still SO MANY scams out there, if the barrier to successful scam entry is so high? It almost seems like some people are putting more time and effort into scamming when the same time and effort could be used to make equal amounts of money legitametly. /sigh for the human race.

And even with all those barriers, a person can still randomly create an account, ask for a 250mil 10% 30 day loan, and it will still get filled.

I guess what I'm trying to ask: is the value of isk so low that the risk/reward of 250m-2b to a perfect stranger worth it?

roleplaying/fun

Anyone who talks about how much money they make as an "investor" is just trying sucker more fresh meat in to feed the scammers because they know how to game the system and get out before the scammers pull the rug out from under all the fresh suckers.

Gaming the system

Accurately judging risk

Accurately judging risk

See, framing it in those terms suggests a certain universality to it that just doesn't exist. The knowledge needed to succeed is so esoteric and unintuitive that to use a common investing term like that is really disingenuous. It gives the illusion of normalcy to the whole perverted practice; where using actual standards of "judging risk" you would just laugh at the very concept and walk away.

Then again, I wouldn't expect an honest representation from the person who has extracted the most isk of anyone off the backs of the misinformed and uninitiated.

I am so sorry. I think I am beginning to understand. A long time ago, you must have given $5 to what you could only imagine to be a poor homeless person, who then proceeded to kill everyone you had ever known or loved. You have never been able to form another bond of trust again. Your passionate, evangelical hatred and fear of lending is an attempt to deal with the grief of your lost love ones.

Your passionate, evangelical hatred and fear of lending is an attempt to deal with the grief of your lost love ones.

My argument was measured and reasonable. Your attempt to suggest otherwise just makes you look foolish.

I have enjoyed your hilarious late-comer attempts to revive a dead practice though. Very entertaining. I wonder how much time you'll spend here before you realize there's nothing left to scam, and you disappear as abruptly as you've come.

I give it a month.

That is an extremely unjustified personal attack, however. I guess no amount of attempts at humor to deflate the tension of our disagreements will make you hate me less.

Darth is one of those people on my ignore list so I'm usually quite happy to not see his comments. However, in this case his comments do not deserve the characterizing you have given them. In fact, I find nothing wrong with what he is saying. It is a fair critical assessment, albeit pessimistic, of the overall situation.

See, framing it in those terms suggests a certain universality to it that just doesn't exist. The knowledge needed to succeed is so esoteric and unintuitive that to use a common investing term like that is really disingenuous. It gives the illusion of normalcy to the whole perverted practice; where using actual standards of "judging risk" you would just laugh at the very concept and walk away.

Then again, I wouldn't expect an honest representation from the person who has extracted the most isk of anyone off the backs of the misinformed and uninitiated.

Ok. I do have a lot on my plate Eve-wise right now, and I dislike going over my roughly allotted playing time, but I will get around to it in a reasonable timeframe.

Cut out all the high finance crap which only gives a false illusion of accountability and professionalism. Call a spade a spade and a personal loan a personal loan - don't call it a bond, a share issue or a securitized whathaveyou.

Treat loans the way you would treat personal loans that you give as a private person irl and MD will be a better place for all of us.

If some person walks up to you and asks for a loan (which you have the means to provide) what qualities should he/she possess to make you give them the money?

If your first considerations are not "do I want to help this person?" and "how well do i know this person?" but some garbage about risk assessments, interest rates, business plans, credit scores, ... you are doing it wrong.

There is no arcane knowledge to be had about "investing" in eve - just stay away from people using fancy words and remember that personal relations come first.

edit: as setrak and raw are both reasonable people they will agree to the core principles expressed in this post and live happily ever after.

I actually agree with a lot of his skepticism. I just think that characterizing investors as "trying [to] sucker more fresh meat in to feed the scammers" is a bit harsh.