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Raaz Satik
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Posted - 2008.12.04 16:40:00 -
[31]
 Originally by: Deizel
In fact, the lack of a central bank is of serious concern (I have raised this in the Features and Ideas Discussion some while ago as others before me), and hopefully LaVista Vista will push for that. CCP already has an in-house economist which could act as a central banker to regulate banks, set reserve requirements as well as a base interest rate (paid to banks on their reserves).
Given that CCP obviously doesn't want to regulate markets in general (ie allowing scamming) I doubt they would want to regulate banks. As for allowing a base interest rate on reserves, that would be an additional ISK faucet, which is the opposite of what they normally try to achieve with ISK sinks
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Damien Jax
Chaos Faction
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Posted - 2008.12.04 16:40:00 -
[32]
Well a central bank wouldn't be the solution to mitigating the risk involved with the possibility of the bank not paying back it's depositers. You'd need something like the FDIC set up to protect these accounts. And then, the FDIC gets its money from the premiums collected from banks. So if they're only 2 banks (excluding BMBE) in EVE, they'd be paying the premiums which wouldn't be enough to cover a large bank run.
Also, alliances or even corps would probably not be so enthused at the idea of paying taxes for a central bank when half of them don't even use EBANK or DBANK at all. If you have problems with EBANK's liquidity and ability to repay its debts, then don't put your money in them!
I don't think CCP wants to get into the regulations game over one corporation in EVE (EBANK). The customers and MD community do a pretty good job of voicing their opinions on possible failures of confidence in the bank. EBANK has done a good job to negate these possible failures and work to reduce any misgivings about trust in the bank. When EBANK stops listening to customers and the community, then we've got issues. However, I'm sure the directors are smart enough to know that without customers' confidence, they'd be out of business - so ****ing of customers is a bad move.
And I agree, EBANK is not an IPO. You aren't getting shares of ownership, nor are they obligated to pay back your deposit at a set date in the future.
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Redbad
Minmatar
Mean Corp
Mean Coalition
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Posted - 2008.12.04 16:47:00 -
[33]
Hexxx, just to elaborate a bit on that Central Bank post you made. Has EBANK set an ingame-item as a reserve asset to make a store of value?
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Shar Tegral
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Posted - 2008.12.04 16:59:00 -
[34]
Originally by: Deizel
Shar, I don't know what I said that has offended you so deeply, but at the risk of redundancy please let me apologize again.
Originally by: Ricdic
I wouldn't let it worry you. Shar has a way of getting offended at most comments. Frankly if you didn't offend him I would be more concerned
I'm pretty sure reading is taught in Australia. Perhaps you need a refresher course. (Not to mention the idea that perhaps you should stop picking fights you don't want - I'm tired of letting you snipe at me.)
To Shar -verb:
1 - To say what you mean.
2 - To say what it means.
3 - To say something mean. |
Ricdic
Caldari
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Posted - 2008.12.04 17:03:00 -
[35]
The guy has no idea what he has done wrong. He is begging for your forgiveness and yet you continue to tread him into the ground. Is compassion and forgiveness not something you hold true as a religious man?
Trolling someone is one thing or giving someone grief who is asking for it. But this guy genuinely has no idea what he has done to make your day terrible and you are unleashing Armageddon on him.
Forgive me if I feel it fair to let the guy know this is your normal nature. |
Kazzac Elentria
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Posted - 2008.12.04 17:13:00 -
[36]
Originally by: Ricdic
ut this guy genuinely has no idea what he has done to make your day terrible and you are unleashing Armageddon on him.
And this is different from how we act any other day of the week? |
Ricdic
Caldari
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Posted - 2008.12.04 17:22:00 -
[37]
The guy's questions aren't actually bad. Sure, if he had dug out our annual report he would have been able to find the information or if he had dug deep enough, but EBANK has a lot of information spread out all over the shop. He asked some valid questions based on the research he had done. Sure they would have probably been more suited to our own internal forums but doesn't hurt here.
Only the solid EBANK followers or staff knew the answers to his questions, so it's not like he was asking something that everyone should know or that can be found at the drop of a hat. It's why I see no reason to **** the guy. |
Hexxx
Minmatar
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Posted - 2008.12.04 17:26:00 -
[38]
Originally by: Redbad
Hexxx, just to elaborate a bit on that Central Bank post you made. Has EBANK set an ingame-item as a reserve asset to make a store of value?
EBANK has alot of assets. Nothing is too fixed however, and assets are generally expected to somehow help the Bank make more money. The idea of a reserved "off-hands" asset to secure value may not be present officially in EBANK, but there are several assets the Bank owns that hold their value incredibly well and can be easily liquidated if need be.
Now, if your trying to somehow come at the idea of a "gold standard" parallel in EVE, dictated by a Central Bank in EVE... Then my short answer is; no.
My long answer is; Absolutely never, over my dead body, etc.
EBANK Staff | www.eve-bank.net
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Redbad
Minmatar
Mean Corp
Mean Coalition
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Posted - 2008.12.04 18:08:00 -
[39]
Originally by: Hexxx
Originally by: Redbad
Hexxx, just to elaborate a bit on that Central Bank post you made. Has EBANK set an ingame-item as a reserve asset to make a store of value?
EBANK has alot of assets. Nothing is too fixed however, and assets are generally expected to somehow help the Bank make more money. The idea of a reserved "off-hands" asset to secure value may not be present officially in EBANK, but there are several assets the Bank owns that hold their value incredibly well and can be easily liquidated if need be.
Now, if your trying to somehow come at the idea of a "gold standard" parallel in EVE, dictated by a Central Bank in EVE... Then my short answer is; no.
My long answer is; Absolutely never, over my dead body, etc.
I so was going to hope you'd say: "Livestock is the new reserve asset, and we introduce the Livestock standard!"  .
I'm just speculating a bit in my head with the thought that EBANK, as a central bank, certainly might create the weight in the future to dictate an item as a reserve asset in a limited market for other corporations to relate their wealth to.
But anyhow, I'm sure the reasons are plenty not to want that. I'm not in the position to think about that right now. Thanks for the answer, as usually it impresses me.
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Amarr Citizen 155
Tleilex Developments
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Posted - 2008.12.04 18:21:00 -
[40]
Originally by: Shar Tegral
I'm tired of letting you snipe at me.
I've never know you to let anyone snipe at you. 
Quote:
Ricdic (about starting ebank, July 2007): Think of it as a miniature EIB done right. I cannot see this getting anywhere near 700b any time in the future tbh.
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Mr Horizontal
Gallente
KIA Corp
KIA Alliance
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Posted - 2008.12.04 18:24:00 -
[41]
A gold standard is something Hexxx is vehemently against. I'm less so, but I've yet to be convinced it's necessary or even a good idea.
In fact most RL central banks have little if no gold reserves at all. The thing about a gold standard is you're basically putting an entire country's reserve pegged to a single commodity. Commodity trading is only one of many, many ways to secure an asset (in a central bank's case NAV = GDP). One of the preferred ways by central banks to back a reserve these days is, you guessed it, bonds.
That said we did have a think about the mineral market for one of our 33% tranches but:
- the mineral market is dangerous even for EBANK: it's huge for starters, and it fluctuates massively
- there's a monster manipulating that market who goes by the name of Block
Both of which could put even the mighty EBANK at perilous risk, so we abandoned that idea.
Chairman | www.eve-bank.net |
Jacque Custeau
Knights of the Minmatar Republic
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Posted - 2008.12.04 18:53:00 -
[42]
Originally by: Damien Jax
I don't think CCP wants to get into the regulations game over one corporation in EVE (EBANK). The customers and MD community do a pretty good job of voicing their opinions on possible failures of confidence in the bank. EBANK has done a good job to negate these possible failures and work to reduce any misgivings about trust in the bank. When EBANK stops listening to customers and the community, then we've got issues.
I hate to go offtopic, but the problem here is that at the next gaming convention/event you will hear CCP execs talk about the success EBANK has become and tout it as a success story for EvE. The fact is, EBANK is where it is today despite CCP, not because of them. CCP did provide APIs, but they also allowed scamming and unregulated thievery to go on which continues to be a huge burden on the finance markets.
CCP will not step in to create a central bank or stock exchange because they want to outsource all of this to the community. Just like they outsourced the Jump Planner and EFT, both of which have functionality that should be included in game.
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Damien Jax
Chaos Faction
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Posted - 2008.12.04 19:48:00 -
[43]
Amarr Citizen, I love that signature quote of yours from Ricdic. It's especially timely now since EBANK has double that amount in deposits.
As for CCP and their support/lack of support, I think they're doing just fine. I think they're doing it right by leaving it up to the EVE community to expand on their game. Sure, scams suck, but it's a part of doing business.
Even if they set up an in-game stock exchange, the logistics of it would be too much to handle. There'd be way too many scams (even more than now) and it'd probably just be a nightmare. What we have now is probably the best solution.
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Amarr Citizen 155
Tleilex Developments
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Posted - 2008.12.04 19:53:00 -
[44]
Originally by: Damien Jax
Amarr Citizen, I love that signature quote of yours from Ricdic. It's especially timely now since EBANK has double that amount in deposits.
"I aim to please, so please aim too please."
- Found on a bathroom wall in the city where I live.
Quote:
Ricdic (about starting ebank, July 2007): Think of it as a miniature EIB done right. I cannot see this getting anywhere near 700b any time in the future tbh.
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SentryRaven
Sentry Security
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Posted - 2008.12.04 20:38:00 -
[45]
Originally by: Damien Jax
As for CCP and their support/lack of support, I think they're doing just fine. I think they're doing it right by leaving it up to the EVE community to expand on their game. Sure, scams suck, but it's a part of doing business.
And another aspect of this:
Speaking from the EBANK point of view, we are pretty much only limited by the sandbox that CCP has given us. We can define our own interest rates, our own strategy of business and set our own goals without something above us meddling in the affairs of drago.... bankers.
I have the very feeling that a CCP-run central bank would surely improve maybe security for a couple of people, maybe just in the sense of it being CCP-run easing people's mind, but on the other hand would have crippling effects on other institutions, as there would be regulations by CCP on how to do this and that to make it CCP-secured or endorsed.
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Mr Horizontal
Gallente
KIA Corp
KIA Alliance
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Posted - 2008.12.04 21:40:00 -
[46]
Originally by: Jacque Custeau
CCP will not step in to create a central bank or stock exchange because they want to outsource all of this to the community.
And they have publicly said so as well. I don't have the reference, but Tree might be able to sleuth it for you if you ask politely and want to see proof :)
Chairman | www.eve-bank.net |
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