Posted - 2008.09.22 06:16:00 - [31]

 

Everyone has RL circumstances and issues arise. The announcements that come forth will address similar issues. In the end whilst we all hold EBANK in high regard we have to understand that this is a video game and there are far more important things in life. I would never expect anyone to prioritize EBANK over their personal lives, family and RL careers.

Posted - 2008.09.22 12:30:00 - [33]

 

Originally by: EBANK Ricdic

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Everyone has RL circumstances and issues arise. The announcements that come forth will address similar issues. In the end whilst we all hold EBANK in high regard we have to understand that this is a video game and there are far more important things in life. I would never expect anyone to prioritize EBANK over their personal lives, family and RL careers.

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Just a snippet on the exchange is about all I care about at this point.

Well on you guys for keeping the train rolling.

Posted - 2008.09.22 16:57:00 - [35]

 

Originally by: Shadarle

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Major reason why I don't put money into E-Bank for a mere 3%. The chance someone disappears due to RL is greater than 3% imo, far greater actually based on recent events. Others disagree and still invest. That's what makes the world go round.

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That's definitely a valid opinion and I am sure one shared by many. One could also say that the percent of return offered will have no bearing on the quality of the offering or even go one step further to say that the higher rate of return can actually have a higher likelihood of failure.

* Higher returns generally encourage more people to invest more of their cash

* Higher interest rates means the operator has to work a lot harder at what he does and in some cases take more risks than he normally would.

It all depends on what precedent you set. Look at all the ones who have scammed thus far (even the large ones). The large ones were all very young when they started their public offerings. Fastlearner started the bank under 6 months of age, Ionia started FRPB at about 1 year of age. Now, in both of these cases these people only started posting here when they started their operations.

In Ionias case he barely ever posted here unless he wanted more money. He rarely had opinions or participated in discussions. Fastlearner was different however investing in Furybank and his IPO just shows it may not have been a wise decision due to:

* His eggs seemingly all in one basket (his 0.0 operation)

* Him operating in a high risk exposure (moon mining, 0.0 trade etc)

The collapse of Bruce seems to have destroyed every part of his operation.


Obviously we could probably talk about it all day and not come to an agreement but that's the beauty of EBANK. We don't need your cash. We are providing you a service not asking for your investment.

In the end the only way we can truly prove we are legitimate and EBANK is the shiznit is to keep on doing what we are doing until the day we gracefully close.

Posted - 2008.09.22 17:15:00 - [37]

 

Ricdic,

Even allowing that you are completely trustworthy, and that all bank members are also trustworthy, I still have serious concerns about investing at 3%. Even if we remove the risk of scam, there is still the risk of loss of capital, however small.

There is no FDIC or any other regulatory agency waiting in the wings to bail you guys out of something goes catastrophically wrong.

Since I consider the risk free rate of return in the game for anybody playing in Empire to be higher than 3% per month on reasonably large ISK amounts the whole thing is unappealing.

- Lexander Morinex

Posted - 2008.09.25 19:52:00 - [39]

 

Originally by: Iknota

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Originally by: Hexxx

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Total NAV of EBANK has passed 1 Trillion.

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All of a sudden I feel small...

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There are quite a few individuals in eve who are worth in excess of 1 Trillion isk ... still not a bad achievement on E-Banks part to be honest considering it is an accumulation of OPM (Other Peoples Money) and therefore has been garnered through trust.

Posted - 2008.09.25 22:02:00 - [41]

 

Originally by: cosmoray

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EBank does have the best product out there in the market but it sure does SUCK at PR.

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I have to agree, 4 days since the teaser in the OP and still no meat to chew on in this thread. Epic Fail Hexxx, next time just wait till you have all your data ready to go.

Posted - 2008.09.25 23:28:00 - [43]

 

Originally by: Shadarle

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Originally by: EBANK Ricdic

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Everyone has RL circumstances and issues arise. The announcements that come forth will address similar issues. In the end whilst we all hold EBANK in high regard we have to understand that this is a video game and there are far more important things in life. I would never expect anyone to prioritize EBANK over their personal lives, family and RL careers.

---

Major reason why I don't put money into E-Bank for a mere 3%. The chance someone disappears due to RL is greater than 3% imo, far greater actually based on recent events. Others disagree and still invest. That's what makes the world go round.

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All the more reason to take a loan out through them

Posted - 2008.09.28 01:50:00 - [45]

 

Originally by: iudex

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Originally by: Hexxx

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A number of announcements will be coming next week and perhaps the week after.

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C'mon guys, you know what kind of announcement we are looking for.
Tell us that you are not going to pay back a singel isk to anyone.
Become famous by commiting the largest scam in mmo history, 1 trillion isk = around 70k USD in current GTCs.

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Oh ye of little faith. Do not tarnish yourself with your desire for wrong doings. That for which you seek can not be found here.

Posted - 2008.09.28 03:22:00 - [47]

 

Edited by: YouGotRipped on 28/09/2008 08:30:50

Originally by: iudex

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Originally by: Hexxx

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A number of announcements will be coming next week and perhaps the week after.

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C'mon guys, you know what kind of announcement we are looking for.
Tell us that you are not going to pay back a singel isk to anyone.
Become famous by commiting the largest scam in mmo history, 1 trillion isk = around 70k USD in current GTCs.
Give us the drama.

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I believe I speak for a lot of people when I say that Ebank holds a very special place in our own subset of reality.
Not to mention the perverted pleasure that derives from flirting with the feeling of having the power to scam a huge amount of isk at any time and not do it (just yet); essentially Ebank is a symbiont, converting much needed attention and respect into isk. Of course if something were to upset this delicate balance... the result is either a scam or members leaving for having had enough of it or both.

Originally by: Lexander Morinex

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The fundamental issue is that people in Eve are allowed to scam without penalty. I happen to believe that is bad for the game, but both CCP and many players are rather fond of the conflict it brings. As long as that is considered the gold standard there will be no regulatory structure.

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Actually, scamming is a regulatory structure in itself.

Posted - 2008.09.28 15:38:00 - [49]

 

Edited by: LaVista Vista on 28/09/2008 15:39:39
EBANK deposit services have been out of order since the morning of the 27th. The cause is CCP's API servers, which are yet to be fixed.

I hammered up a temporary solution which should make it work inside 1 hour from now. Lets hope it does anyways

EDIT: @YGR: No, it does NOT involve scamming anybody. Don't even bother.

Posted - 2008.09.28 17:50:00 - [51]

 

Edited by: YouGotRipped on 28/09/2008 17:50:37

Originally by: Hexxx

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Not sure if you intended it or not, and it's cryptic for sure, but you kind of hit upon a pretty important point there. I'm not sure I'd use that exact phrasing, but there is truth there.

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The logic behind it is quite accessible, no point in elaborating.

Originally by: LaVista Vista

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EDIT: @YGR: No, it does NOT involve scamming anybody. Don't even bother.

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I get the feeling you miss your paramedic days.

Posted - 2008.10.10 08:31:00 - [53]

 

Soon, we are finalising things.

Posted - 2008.10.10 21:57:00 - [55]

 

As with everyone else, I am eagerly awaiting this report. I have a great deal of respect for EBANK and the manner in which it operates. Many newer corporate CEOs (myself included) could learn a lesson or two here.

Speaking of which, I am curious about something... Where does EBANK usually earn most of its profit? Interest? Investments? Trade/Commodities? I realize my question is a bold one, but I have been pondering this topic for some time, and while I am pretty "market savvy", I have never bothered to learn how banks make their money.


Regards,

Harlan Malcore
CEO, Caldari Investment Corporation

Posted - 2008.10.10 22:55:00 - [57]

 

Edited by: Harlan Malcore on 10/10/2008 22:57:22

Originally by: Shar Tegral

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Originally by: Harlan Malcore

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Many newer corporate CEOs (myself included) could learn a lesson or two here.

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You have your nose so far up Ric's arse you are going to seriously need a t2 tissue to wipe your face when he farts next.

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Unfortunately, I cannot afford T2 tissues right now, what with the current state of the Jita market and all.

To elaborate on what I meant by that statement, however, I merely think that EBANK's combination of good public relations, well-planned corporate structure, and overall transparency could, if implemented properly, immensely benefit smaller corporations as well.

That said, I was not intending to issue kudos to any particular individual within EBANK. The fact that I have a Ricdic mini-shrine on my desk is completely aside from the point.

Originally by: Shar Tegral

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Originally by: Harlan Malcore

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I have never bothered to learn how banks make their money.

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Well truth be told pluralizing "bank" is misleading. How eBank operates is a lot different than BMBE or Dynasty. I'm sure there are other, and many, who call themselves "bank" but the truth is only Dynasty and eBank qualify in that regard.

Knowing a lot about eBank I'd almost say it is less than half bank now. It is turning into a very low rate IPO. It is more directly involved in production (of all kinds) than it is any traditional banking services. Though I suspect that loans are a hard sell more and more as the community becomes even more isk flushed.

Posted - 2008.10.11 02:21:00 - [59]

 

Originally by: cosmoray

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Harlan,

I am not going to argue most of your excellent points, but could you please show me some examples of EBank's 'good public relations'.

Much appreciated

Cosmo

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Although I do agree with you Cosmo regarding past PR nightmares, one could also argue that there have been plenty of examples of the good side as well as the bad. For instance:

1. They do attempt to keep good relations with the public
2. They have stated that the area of public relations is an issue and is being worked on, admitting to such a thing is a sign of positive movement
3. Although sometimes early or slightly mis-worded, they do make every attempt to keep the "public" in the loop about as much as they can and sometimes more than they would probably like to

Honestly, I think the biggest point to be made is that they try. No one can deny that there are many failed attempts that could have been avoided but I would argue that we are seeing less and less of those and I would bet the reason for that is because of individuals such as yourself who have spoken out about the past poor PR. You've been one of the biggest voices against the many PR problems and I think that has been a huge factor in the changes that have been made to correct the issues.