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Thread Statistics | Show CCP posts - 0 post(s) |
Smartstrike
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Posted - 2008.11.18 00:38:00 -
[121]
I read everyones post and I think I'll trust em with a few hundred million. I always seem to have a couple of hundred million in my wallet not doing anything, at least it will be getting some interest.
Anyway, I like the idea someone had, deposit your ISK before you go on vacation or whatever, let it grow. In a way it's better then just sitting there.
At least if someone stole my CCP account login into my ISK would disappear and CCP doesn't give that back if that happens. At least with any ISK in the bank they would need my login on the bank as well. Which I'll make sure it's different.
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Seth Ruin
Minmatar
Ominous Corp
Ethereal Dawn
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Posted - 2008.11.18 00:40:00 -
[122]
 Originally by: Smartstrike
Which I'll make sure it's different.
Generally a good idea for anything. For example, third-party forums (like Scrapheap-Challenge or any corp/alliance forums) should NEVER use the same login info you use in-game. It's just too big of a risk of getting your account stolen.
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TheVad
Amarr
Metalworks
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Posted - 2008.11.18 00:54:00 -
[123]
There are very simple reasons why there are forces and reasons EBANK staff have no motive to scam:
1) EBANK Staff all have multiple billions (in some case 100's of billions) of their own isk and have nothing to do with the isk they already have. There is little motivation to scam and get more isk. What they primary value is their reputation (fame) and seeing something built that no one else had built before (achievement).
2) EBANK staff has done everything in game and the only thing interesting is creating the meta game (a business outside of Eve that can't be done within Eve itself). This is what drives the people behind EBANK. It's the challenge, its doing something that no one has done before successfully, the right way.
3) EBANK staff reputation, in some cases over 5 years, is not worth destroying for isk (no matter the amount). In other words (in the words of an economist following the law of marginal utility) isk is of less value to them then their Fame (reputation) or doing something first (achievement) Yes it can be hard to believe that some people donĘt value isk as much as you do and vice versa.
4) EBANK makes more money by being honest then not. Long term (like an online holdem site) taking their cut will outweigh stealing isk. Long term revenue (by them reinvesting) is greater then short term stealing.
Bottom Line
EBANK staff primary motivation is the actual meta business that has been created.
Yes EBANK staff could get together and take the money, but isk is just not as valuable as fame and doing something that no one has done before.
TheVad
Project Manager & Chief Editor| www.eve-bank.net
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Badada
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Posted - 2008.11.18 02:04:00 -
[124]
Originally by: EBANK Ricdic
As someone who was a bank teller for EIB.
So you were part of the EIB scam, and then started this new one. Are you the only member that was part of the last bank scam?
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.11.18 02:10:00 -
[125]
There were 3 tellers. Tolmar, Cally and myself. Cally ran the scam and basically screwed everyone over. Tolmar and myself went on to run our own IPO's and bonds for a while until I decided to create EBANK in every way superior to EIB.
It's common knowledge from anyone back there that I was involved in EIB. |
Chop Shop
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Posted - 2008.11.18 03:11:00 -
[126]
Originally by: Julius Rigel
If you can't trust a pretend bank with your pretend money, how can you trust a real bank with your REAL money? 
I like the way you put that! LMAO |
Icarus Flame
Amarr
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Posted - 2008.11.18 04:00:00 -
[127]
Yeah, frankly, I don't see the directors scamming, ever. 1 trillion ISK isn't really all that much of a temptation if you think about it. Sure, you could buy 25 fully officer fitted nightmares and go blow them all up, but surely those kind of kicks wouldn't be worth the loss of reputation. Ricdic or LaVista would have no more reason to play EvE if they had 1 trillion ISK.
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Sidrat Flush
Caldari
Life is Experience
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Posted - 2008.11.18 05:21:00 -
[128]
Unusually I've read the entire thread. Partly in disbelieve at the negativity and (thankfully)...bio break....(I dunno drink a beer and you end up emptying a six pack);
where was this? Oh yeah.
I have no ties with EBANK, but anything still going on after a year can usually be assumed to be a safe, STABLE AND FUNCTIONING entity. Which is important if you're investing your hard earned isk into a profit making scheme (for all players).
LaVista Vista is a current CSM and is up for re-election, (good luck) - If anyone knows the value of trust it's a consistent eve player. Do you trust Veto to honour ransoms, well I'm thinking EBANK is on the same slide rule (opposite scale though :D ).
What I'm trying to say is that ANY endevour within New Eden, has only one thing that can't be purchased or sold, and that is TRUST. It's developed through actions more than forum posts and it takes a lot longer to build up trust on a wider scale, for example Cribba - a character you don't assume would or needs to scam (kudos for the Veld tattoo!).
Hmmm, those that are new to the game, welcome. There are characters and corps that are true to their word. Be it good or bad is only a matter of opinion. They have built this hard worn perception over many months and in most cases years. A month in Eve is a long time. So wear your feelings on your sleeve and stick with your characters persona - in the long term it will pay dividends. Sorry for the rambling nature of the post. |
LaVista Vista
Conservative Shenanigans Party
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Posted - 2008.11.18 06:14:00 -
[129]
Originally by: Icarus Flame
Yeah, frankly, I don't see the directors scamming, ever. 1 trillion ISK isn't really all that much of a temptation if you think about it. Sure, you could buy 25 fully officer fitted nightmares and go blow them all up, but surely those kind of kicks wouldn't be worth the loss of reputation. Ricdic or LaVista would have no more reason to play EvE if they had 1 trillion ISK.
Exactly. It's a bit like using cheat codes in games. It just ruins it.
And I don't have access to any ISK either, mind you 
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Dantes Revenge
Caldari
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Posted - 2008.11.18 07:21:00 -
[130]
Originally by: Aleria Angelis
Originally by: Dantes Revenge
I've seen banks come and go in Eve and frankly, there isn't a great deal a bank in Eve can do that my wallet can't. Except be used as a means to scam 
ISK not doing anything is wasted ISK.
Not half as wasted as being scammed out of every isk you invested.
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Meiyang Lee
Gallente
Azteca Transportation Unlimited
Gunboat Diplomacy
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Posted - 2008.11.18 08:32:00 -
[131]
While I don't have a massive amount of isk in Ebank, they've always been prompt when I do withdraw anything and interest is payed on a daily basis.
Sofar they have been trustworthy and I don't see any reason not to trust them in the future.
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2008.11.18 09:50:00 -
[132]
Originally by: Meiyang Lee
While I don't have a massive amount of isk in Ebank, they've always been prompt when I do withdraw anything and interest is payed on a daily basis.
Sofar they have been trustworthy and I don't see any reason not to trust them in the future.
We aim to please 
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Rellik B00n
Brutor tribe
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Posted - 2008.11.18 10:38:00 -
[133]
bottom line: run by players = open to scams.
Doesnt matter how much fluff you wrap around it the baseline remains the same.
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Heroldyn
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Posted - 2008.11.18 11:32:00 -
[134]
well, one thing is certain. should ebank turn out to be a scam, it would be the definitive end to eve's allready starving secondary market.
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2008.11.18 12:02:00 -
[135]
Originally by: Heroldyn
well, one thing is certain. should ebank turn out to be a scam, it would be the definitive end to eve's allready starving secondary market.
Yeah. That would be really awful. But EBANK scamming would tip over the secondary market for sure. It's not like it's all that healthy as-is.
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Sergeant Spot
Black Eclipse Corp
Band of Brothers
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Posted - 2008.11.18 13:21:00 -
[136]
A question for E-Bank:
I'm sure you get requests from asset free newbies, begging for huge loans, all of whom say "I'll pay you back!!!"
Given that the majority of said newbies are probably kids with poor self discipline rather than actual scammers (although about equal risk regardless....) what do you tell them?
Play nice while you butcher each other.
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Washell Olivaw
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Posted - 2008.11.18 13:27:00 -
[137]
Having read the whole thread and done some background research I've noticed the following points:
1. The general perception and reported amount of the EIB scam is in the neighbourhood of 700 billion.
2. At the exchange rates at that time, that was somewhere between $100,000 to $130,000 dollars.
So if you want to do a bigger scam, that again gets reported outside of EVE I'd set the target at $500,000 or 7 trillion ISK, whatever comes first.
In order to get people to hand you that much money, the way EBANK operates isn't a bad approach. 
Originally by: Signature
Everybody has a photographic memory, some people just don't have film.
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mamolian
Madhatters Inc.
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Posted - 2008.11.18 13:40:00 -
[138]
Edited by: mamolian on 18/11/2008 13:41:16
You would have to be a total ****ing moron to put your money into a Bank in Eve-Online, where the game mechanics offer no restitution to depositors, should the people running this scam do a runner.
You need only look at all the 1 man alt corps going on about OMG dis b4nk has 100 trillion dollah in public monay! Tis totallly legit yo.
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Thudin
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Posted - 2008.11.18 14:13:00 -
[139]
History repeats itself because people hope things are different. EvE Bank is a scam and it will take alot of players money in the end.
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Trind2222
Amarr
The Red Ring
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Posted - 2008.11.18 14:23:00 -
[140]
Some question runners of ebank.
If one day due to real life have want to quit as real life is more important then this game what will happen to ebank?
if no one is to take care how will you close the bank?
How do ensure that loan get paid back?
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.11.18 14:26:00 -
[141]
Originally by: Thudin
History repeats itself because people hope things are different. EvE Bank is a scam and it will take alot of players money in the end.
Would you or anyone else like to put a wager on that? Happy to use Chribba as a middle man for that bet. |
EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.11.18 14:35:00 -
[142]
Originally by: Trind2222
Some question runners of ebank.
If one day due to real life have want to quit as real life is more important then this game what will happen to ebank?
We have a lot of staff members (15 in total). Over the past year I believe we have had 3-4 resign due to RL issues. Their positions have simply been taken by someone else.
With enough solid staff on board we really have room to move and delegate responsibility rather than have it all resting on one persons shoulders. Scam isn't the only thing that can cause issues, burnout and the likes are very real dangers as well.
To counter this we offer alternatives to our staff, those wanting a break can do so without issue. Whilst we have working relationships we have all become friends as well so aren't interested in putting undue strain on one another.
As an example my wife and I have a second child on the way. It's quite likely I will need to reduce my Eve time in the future (6 months + down the track) so we are considering a new person taking over handling of EBANK deposits so I can take more of a back seat role in EBANK to allow myself more time to devote to family and work.
Quote:
if no one is to take care how will you close the bank?
However unlikely it is that 15 staff would all resign at once and not be replaceable in this event the bank would close and those with deposits would be repaid. Loan customers would be contacted and requested to repay their debts within certain timeframes and those who didn't / couldn't would have arrangements organised to sell the collateral etc.
Plus, EBANK has a unique reinvestment strategy in that all net profit is reinvested into the corporation. We all get decent salaries, customers get their interest and the EBANK corporation retains the rest for growth. In current form I believe our reinvested growth over last year building up from 0 isk to 1.2 trillion isk is approximately 75 billion.
The above regarding loans is worst case if EBANK had to close. It's easy enough for us to stop taking deposits but forcing withdrawals on customers leading up to closure as the funds became available. Any closure would be announced months in advance to allow time for funds to be moved back to their correct location. I don't personally like the thought of EBANK closing as that means the staff have to manually action a total of about 6000 withdrawals . Split between 15-25 people this wouldn't take all that long but it's still a scary thought actioning 6,000 individual player donations  |
Selene D'Celeste
Caldari
The D'Celeste Trading Company
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Posted - 2008.11.18 15:34:00 -
[143]
Originally by: EBANK Ricdic
Split between 15-25 people this wouldn't take all that long but it's still a scary thought actioning 6,000 individual player donations
I'd become active again for this to take part in the all-night cashout marathon. That would be good times. Also a nice thread we have here. =P
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KIAEddZ
Caldari
KIA Corp
KIA Alliance
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Posted - 2008.11.18 15:42:00 -
[144]
I would trust Ebank with every ISK I own in game, which is a lot more than most....
in fact I already do.
KIA EVE Home
KIA in game Public Channel "KIA"
KIA are Currently recruiting active PvP minded players. Contact Imperius Blackheart |
Vixen Renault
Gallente
Association of Commonwealth Enterprises
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Posted - 2008.11.18 16:39:00 -
[145]
I know I would happily trust EBank in the event that everyone that handled isk signed a customized agreement with CCP waiving their 'scam rights'. So if money was stolen, CCP would just track it down, remove it, and ban the accounts.
While I doubt this would ever happen...it would instill a lot of trust in the organization. |
ouroboros trading
Gallente
Medics On Fire
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Posted - 2008.11.18 16:41:00 -
[146]
this thread is now about Chris Eubanks real IQ |
Saffronique
Epic Hyena Props
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Posted - 2008.11.18 16:48:00 -
[147]
Look at all these fuggin celebs lending their rep to dis bank
Need a god damn falcon punch in the vag tbh. |
Fehz
Roving Guns Inc.
RAZOR Alliance
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Posted - 2008.11.18 17:51:00 -
[148]
So if I were to send in isk right now, what is the current rate of return? Any estimates on when you'll be doing CD's?
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Selene D'Celeste
Caldari
The D'Celeste Trading Company
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Posted - 2008.11.18 18:07:00 -
[149]
Originally by: Fehz
So if I were to send in isk right now, what is the current rate of return? Any estimates on when you'll be doing CD's?
Checking accounts can hold up to 6 Billion ISK (one account per character), and the return there is 1.5%/month. CDs would be nice ...
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SencneS
Amarr
Rebellion Against big Irreversible Dinks
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Posted - 2008.11.18 19:23:00 -
[150]
For five pages there is a good number of people saying "People run off with ISK", although I don't deny the fact there is always a possibility of that happening like all investments if you choose to put trust in someone or an entity like EBANK only put in what you are comfortable with.
Ricdic is the highest risk factor due to the central point of deposits. If he ran off with 150B it would be a poor scam, not even worthy of the record books. However even if he didn't care, just wanted to take the ISK and run, the others in EBANK wouldn't let that effect what everyone has worked toward.
I've said this a few times, if in the event someone embezzled ISK from EBANK, it wouldn't be the customers getting scammed, it would indeed be EBANK. |
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