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Cmdr Sy
Appetite 4 Destruction
The Firm.
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Posted - 2008.10.09 19:23:00 -
[1]
I think CCP owns only some of the hardware (fancy solid state stuff) and the rest is rented off a data centre. Could someone confirm?
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Cmdr Sy
Appetite 4 Destruction
The Firm.
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Posted - 2008.10.09 19:26:00 -
[2]
 Originally by: B0rn2KiLL
CCP deals in non-isk currency, it can manage.
That is not relevant in cases of expropriation. Title of ownership gets transferred by fiat - too bad.
But it is purely academic as the hardware is probably rented from a third party.
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Cmdr Sy
Appetite 4 Destruction
The Firm.
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Posted - 2008.10.09 23:05:00 -
[3]
Never come between an Englishman and his fish & chips. 
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Cmdr Sy
Appetite 4 Destruction
The Firm.
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Posted - 2008.10.10 16:53:00 -
[4]
Edited by: Cmdr Sy on 10/10/2008 16:53:55
Originally by: Dr Slaughter
Basically by not dealing with all creditors equally the Icelandic government is creating 'preferred creditors' which is a load of bollox.
It is not silly at all if you make it explicit in the contract, as in preferred equity, and appropriately reward different levels of investor risk. But in this case the contract was broken. Iceland committed to backing the first EUR 20,000 of a depositor's accounts, the UK to the remainder up to ú50,000, then Iceland selectively defaulted on international accounts and left the UK and presumably other governments to pick up the rest of the tab. Now the appropriate thing to do would be for governments to sue each other, but that is not cost-effective compared to seizure of assets - it achieves the same thing without giving lawyers half the money over several years.
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Cmdr Sy
Appetite 4 Destruction
The Firm.
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Posted - 2008.10.10 17:25:00 -
[5]
The real economy is like the EVE economy, if the promised return is high, there is a podding around the corner.
The fact that some company got paid to declare BBB as AAA does not absolve anyone of the responsibility to use their common sense. You know, some UK banks were paying savers 10-12% interest early this year, guess what happened to them. Was I surprised? No. That's what made me read their balance sheets.
You have to exercise due diligence. That term exists because sometimes, even raters, auditors and regulators lie. |
Cmdr Sy
Appetite 4 Destruction
The Firm.
|
Posted - 2008.10.13 18:45:00 -
[6]
This whole thread has become meh. Discussing the background without the event.
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