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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.10 17:42:00 -
[1]
I was Unable to find a so-called "IPO" thread. Consuqently i am almost sure this is in the wrong place.
Before anyone starts ripping appart my spelling btw, i am Dislexic, but i do my best.
One of the majour problems i have had with such an a project is that :- Theres nothing to stop us - as the bank - or me, Running off with investors ISK
I totally understand this, suffered a simerler sence of disbeif when i first encountered EBANK - our only competitor
So in attempt to get out service better known, and gain a rep for it.
I present IGBank (InGame Bank)
what can we offer
Well First and formost, we can offer hourly interest rates, Yes Hourly, on the hour - every hour Our standard (minium rate) is 0.0021% per hour (for the record EBank offer just slightly less then this - hence this is our minium)
Before anyone asks due to the nature of interest and the way it compounds you cannot be given a percentage per day. as that percentage will vary with initial investment in a non-liner fashion - quadratic (i am pretty sure the word is) teh amount you will make (at least) per day could be expressed as:
Final amount = Intial Invesment * ((1+0.000021) ^ hours Invested) i know that 1 or more pairs of brackets there are unessasary, but i live my life by: When in doubt - Use brackets i also find this helps seperate parts of equations to see what number comes from what but thats just MO
But Back onto IGBank
WE do hourly interest rates on savings Loans are done in a different fashion, they have a custom interval it could be a month if the terms were agreeed on by the Client and by IGBank
Now back to safty of your isk (i applogise for the structure of this post, i promise you my code is cleaner =p ) we cant do more then say "we are genuine, we will not take your isk" becuase, so far, no-one has given us away to prove it
however we do have references, in our channle and our forums. When i get convoed (if there is such a word) with this question, my reply is simply (allong the lines of - actual phrasing may vary)
Well you can ask other customers, they'll tell you and try a small amount of isk, theres no obligation to invest, and you can request a withdrawl at any time
now you lot will notice the word request there. witdrawls are the *human* part of teh system - not automated.
Consiquently, there will be a delay between requesting funds and them actually being in your account obvoisly we try and make this as fast as posible. but its the human part. We wont refuse withdrawls ever, (unless its a bug or something, and funds you dont actually have) however larger withdrawls may be done in chunks (we wont set some annoyingly limeted amount like a real bank) - our goal here is to set it so the user can set there maxium withdrawl amount & interval
when withdrawing on the off chance your account has been comprimised we use an extra layer of security, a pin number this is a very secure, well salted, encrypted value that: - Is really really nearly umbreckable (mainly because of the computation and space requirements of the brute system that could be used to brake it) (a Bonic project conducted a while ago tried to brake a lesser hash (eather MD5 or CR32) that took years, and thosands of terrabytes (pictobytes i think) of space to even find a duplicate, let allone decode it)
- i belive our standard is also the one used in banks today ( )
So in closing.
Your isk is safe I know this post is poor, any q's post on our forum or this topic You get interest by the hour We do loans
Few links My main character Alec V3 (yeah i know about the employment history, thats boardom, not theift -.- ) IGBank Chat channle "IG - Bank" And our website - its on the server in my room atm, hence the speed Here that link (http://eve.hopto.org/bank) is applicable both ingame and outofgame as it bounces you to the correct portion of the site.
Thanks Alec
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.04.10 17:59:00 -
[2]
Hourly interest?
What do you do in regards to the delay of the API? Patch days? Daily API downtime? Outages of the system? Delay in handling withdrawals? Database size it will create? EBANK's database is big as it is, even with daily interest calculation. Hourly will kill your database fast enough and make it a hell.
Quote: I totally understand this, suffered a simerler sence of disbeif when i first encountered EBANK - our only competitor
You don't think DBANK is competition?
How do you ensure that any downtime that might occur from the fact you don't have professional hosting, doesn't affect the users?
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Irata Skyfire
Imperial Academy
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Posted - 2009.04.10 18:12:00 -
[3]
Originally by: IGBank Alec ... Our standard (minium rate) is 0.0021% per hour (for the record EBank offer just slightly less then this - hence this is our minium)
...
Final amount = Intial Invesment * ((1+0.000021) ^ hours Invested)
...
1.000021^24 = 1,0005... , so 0,05% daily (24h) interest.
How is EBanks 1,5% daily "slightly less than this" ?
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.10 18:13:00 -
[4]
Okay That was Quick, and Lavista Vista himself - fair play
anyway last question - Hosting Backups athough i have 3 database servers and 1 webdomain independant of my server, i see your point, but my server is only for developement, after this the bunch at servage.net look after it.
Now database speed - yes this is something that i - when testing found a problem - this is where the backups come in handy, Its only partially updated at at time, the nessasary bits, if you will
i am proud of the system taht dictates this as it looks at the most active people (even down to working out roughly what timezone they are in) and updates the people more likly to come online first, and the other ones, during idle time.
EBANK uses ASP correct? well PHP has a Fork function, this allows it to effectly multitask (or do something it should ahve done first - after) so between page loads is another good tiem to do it.
API delay, well i must say thats much less then i thought, but non the less itll be picked up the next time it checks. which is every 15 minutes ( these do not stack unlike interest if its left idle, i am not a numpty =p )
and as its on the hour, youve only got to wait at most slightly under 1 hour
Database dieing, yeah thats true, but due to its nature, of using a cirtain engine, that uses ram, i can get a consistant rate of 50,000 quries a second on it (writes) and weirldy 38,000 (these are rouneded to the neares k) reads per second, this is after read - caching ofc
but the nature of the engine + the nature of the system, that means even after a powercut, right when it was doing something woulnd cause database failure, and 2 other database are updated in pararalal - regarding account balance
i like to think its all well thought out, and its the most lovly humming i could ever fall asleep listing too.
also, i like numbers - more of my insperation, so large databases - Yummy
Any other q's? or did i miss something?
Alec
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.10 18:15:00 -
[5]
Irrata it doesnt work like that its compounded, use the values of 1,000,000 and 1,000,000,000 you will get slightly different percentages
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.10 18:18:00 -
[6]
Edited by: IGBank Alec on 10/04/2009 18:18:27 sprry for the doubble post, theres no edit button (that i could find)
Right EBANK - 500k / day / billion IGBank 1000504122 isk per day from a 1 billion investment,
4,122 ISK more then EBANK - not sure about decimals, i did this real quick in excel
Alec
found the edit button lol
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.10 18:21:00 -
[7]
Edited by: IGBank Alec on 10/04/2009 18:21:46
Originally by: Irata Skyfire
Originally by: IGBank Alec ... Our standard (minium rate) is 0.0021% per hour (for the record EBank offer just slightly less then this - hence this is our minium)
...
Final amount = Intial Invesment * ((1+0.000021) ^ hours Invested)
...
1.000021^24 = 1,0005... , so 0,05% daily (24h) interest.
How is EBanks 1,5% daily "slightly less than this" ?
Thats EBANKS monthly, sorry again for the post, not with it today there daily is 0.05% i think (500,000 / 1,000,000,000) = 0.005 * 100 = 0.05%
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Irata Skyfire
Imperial Academy
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Posted - 2009.04.10 18:25:00 -
[8]
Originally by: IGBank Alec Irrata it doesnt work like that its compounded, use the values of 1,000,000 and 1,000,000,000 you will get slightly different percentages
Actually, it does work that way, but of course EBanks is not 1,5% daily but monthly, sorry :)
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.10 18:26:00 -
[9]
when you compair the daily percentage to a compounded hourly it does
cmon GCSE maths
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Kwint Sommer
Caldari XERCORE
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Posted - 2009.04.10 18:37:00 -
[10]
Do you know what's worse than someone's very first post asking for money? Their very first post, their introduction to the community, declaring that they've founded a bank. And do you know what's worse than someone's introduction to the community being a declaration that they have created a bank? Someone introducing themselves to the community with a poorly written business plan for the Bank they've created. And do you know what's worse than that? Having said bank pay less than the rates the most respected members of this forum are paying, not to mention EBANK itself!
I'm going to stop reading this before I have an aneurysm....
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.10 18:39:00 -
[11]
if you do will you die :)
anyway its a higher rate per day then ebank - and business plan. yes we have one of those but i am trying to come across as freindly not formal so yeah. anyway dont knock it till youve tried it, not like we dont have backup funds to pay interest with, so we're pretty safe
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Calgura
Gallente Sylph Alliance
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Posted - 2009.04.10 19:05:00 -
[12]
It's funny. Whenever I hear the word "bank" in Eve, my mind immediately screens through the interesting time of EIB. Ended up being Eve's largest scam ever.
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.10 19:08:00 -
[13]
Indeed thats the problem with such projects, you cant prevent that, in some cases Like IGBANK and probalby EBANK you dont need to worrie, but theres nothing stopping people
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Calgura
Gallente Sylph Alliance
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Posted - 2009.04.10 19:24:00 -
[14]
How would you go about proving we wouldn't need to worry about our isk, were we to deposit it to you.
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YunFu Yan
Yan Enterprises
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Posted - 2009.04.10 19:37:00 -
[15]
What qualifies you to run a bank? Personally, I had a fair few semesters of business economics, yet I wouldn't claim to be qualified.
You're talking "We" all the time. Who are the others?
You got your maths straight from what it looks like and you got a few ideas for features. The main question though is: How are you planning to cover your liabilities? ------------------------------------------------- Yan Enterprises - We mean business. |
IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.10 19:38:00 -
[16]
See this is the question every one ask
to prove to you in this initail stage
-we need a rep, theres no point in steeling at this stage -butiling on my last point, if we stole when our assets were under 2 billion - pretty pointless -we cant, check our references in our channle, the'll tell you about there dealings with us -try a small amount, try withdrawning it, see if you feel comfortable and get to know the staff
at the end of the day though, we confess, theres nothing that can stop us from steeling
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.10 19:41:00 -
[17]
Originally by: YunFu Yan What qualifies you to run a bank? Personally, I had a fair few semesters of business economics, yet I wouldn't claim to be qualified.
You're talking "We" all the time. Who are the others?
You got your maths straight from what it looks like and you got a few ideas for features. The main question though is: How are you planning to cover your liabilities?
We, the IGBank staff, and contributors, atm theres a co-founder, myself (who does the website also) and some unofficial members who act as references, and guides.
Cover liabilities, if by this you mean pay for the amount we let out in interest.
theres a type of account which can be manually created that allows us (yes us) to inject money strate into the bank, so we can stop it falling flat on its face.
the plan is to eventually cover interest of loans.
Alec
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Kitchie
Gallente Kitchie's Logistics and Marketing Corp
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Posted - 2009.04.10 19:59:00 -
[18]
I have to question how much research you've done as you seem to be completely oblivious of DBANK (Dynasty Banking).
You can check out our February report here. Our interest rates are also higher the EBANK's so you should compare to ours as well.
I can't say that I'm brimming with confidence on your ability to run a bank, even though one would be welcome, but enough has been said by others.
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.10 20:27:00 -
[19]
I hadnt heard of dbank before today - - i am also 15 (16 on the 13/4/2009 - 3 days)
so yeah, i am not the most prepaired person for running a bank, but i dont want to rival your scale of Dbank and Ebank respecitivly.
but at the same time i want to be A bank. i want to operate in eve's turtury sector.
Its hard to explain, but i came to the forums to get better known not to be judged
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Maestro Del'Tirith
Space Exploration
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Posted - 2009.04.10 20:48:00 -
[20]
Originally by: IGBank Alec I hadnt heard of dbank before today - - i am also 15 (16 on the 13/4/2009 - 3 days)
so yeah, i am not the most prepaired person for running a bank, but i dont want to rival your scale of Dbank and Ebank respecitivly.
but at the same time i want to be A bank. i want to operate in eve's turtury sector.
Its hard to explain, but i came to the forums to get better known not to be judged
Given your age, there are a lot of ancillary concerns there, but let's address just the desire to run a public offering.
Have you considered executing a small bond (eventually bonds) in order to:
A) Understand debt financing (a key component of any bank) B) Build reputation C) Put your process through the paces
You can even post a buy back pricing that entails partial monthly interest and give people liquidity. You could track these electronically with daily calculation of said interest. You could keep it to a limited isk supply that is reasonable to deal with but a stretch for your current NAV. -------------
Looking for a mature group to play with? Recruitment Thread |
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.10 21:09:00 -
[21]
Originally by: Maestro Del'Tirith
Originally by: IGBank Alec I hadnt heard of dbank before today - - i am also 15 (16 on the 13/4/2009 - 3 days)
so yeah, i am not the most prepaired person for running a bank, but i dont want to rival your scale of Dbank and Ebank respecitivly.
but at the same time i want to be A bank. i want to operate in eve's turtury sector.
Its hard to explain, but i came to the forums to get better known not to be judged
Given your age, there are a lot of ancillary concerns there, but let's address just the desire to run a public offering.
Have you considered executing a small bond (eventually bonds) in order to:
A) Understand debt financing (a key component of any bank) B) Build reputation C) Put your process through the paces
You can even post a buy back pricing that entails partial monthly interest and give people liquidity. You could track these electronically with daily calculation of said interest. You could keep it to a limited isk supply that is reasonable to deal with but a stretch for your current NAV.
After looking at ebank i - and logic, i like to think i understand how to make money via interest on loan, how to secure loans.
onr steep at a time ofc, so loans + interest, first, but i like to think that my age shoulnt be a concideration in this project. afterall there are different levels of maturity over time
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Maestro Del'Tirith
Space Exploration
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Posted - 2009.04.10 21:14:00 -
[22]
Originally by: IGBank Alec afterall there are different levels of maturity over time
I won't dispute that, but there is also knowledge and experience. Neither comes with just getting older - they come with DOING THINGS. Going for the 'big dogs' is a good way to fail first, or not do as well as you could with some more information. Do something small, then grow.
FYI, there are a TON of IPO suggestions and even a 'how to template' up in the Market Discussion Resources thread, stickied at the top. -------------
Looking for a mature group to play with? Recruitment Thread |
Chaos Dreams
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Posted - 2009.04.10 21:35:00 -
[23]
Originally by: IGBank Alec Before anyone starts ripping appart my spelling btw, i am Dislexic, but i do my best.
This is possible, of course. But I think you should see about having youself re-diagnosed. I think you might actually be suffering from CATP (Can't be Arsed to Type Properly) Syndrome, which is often mistaken for Dyslexia.
It's easy to distinguish the two: There's nothing that prevents a dyslexic individual from using a spellcheck. And, for example, a spellcheck would easily prevent errors such as using "teh" for "the" or spelling "dyslexic" as "dislexic." However, when it comes time to spellcheck, a person with CATP still can't be arsed.
Since you're here trying to drum up interest in a big new project, and want people to put their faith in you, you'd think you'd make the extra effort to make this initial proposal as appealing as possible. That includes a spellcheck. Or, you keep saying we, so why not have your partner(s) make this post, or at least go over it? Or are they all dyslexic too?
If the extra minute or two of effort to spellcheck is too much for you, why should we believe you have the drive and dedication to manage our ISK?
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HawkBlade
Minmatar The Higher Standard Virtue of Selfishness
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Posted - 2009.04.10 21:44:00 -
[24]
Originally by: IGBank Alec but at the same time i want to be A bank. i want to operate in eve's turtury sector.
I think it goes without saying that many have watched this thread with some interest, I am but one of many. Up till this point I had nothing to add since others have done a very good job of critiquing your endeavor. And, I might add, calling you on your lack of experience, plan, or credibility. In essence, I was proud at the sufficiency of the regulars and saw no need to comment. That is... until now. Ageism is not a defense for what you lack. I will go to bat, defend, and promote someone who is your age. In fact, I have done so. However just because you are young is, like I stated, no defense. You want to play in the big boys game, you will be held to the same standards. Actually the issue I would like to take up with is the two words: You want. It would be easy to dismiss you, for your youth, on those two words. All teenagers want. But want doesn't disappear with age. What appears, one hopes, is wisdom to balance our wants. Control, knowledge, experience to bring to bear in the gaining of our wants. This is why age sometimes trumps youth. The other thing you have failed to do, in this thread, is to justify what you want. We understand "you want". What is the issue is why should we care what "you want". That you have not given us, a reason. So far all I hear is, "I code. I young. I want." Nothing else. I'd like to close up with some good advice on how to go forward but I'm finding a serious lack of ideas from the serious lack of information or background on you. If we had more info, like perhaps these alleged other involved parties... I'll link this thread to Hexxx. Maybe he can, like always, provide you with positive guidance where I, usually, can not.
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.10 21:48:00 -
[25]
Originally by: Chaos Dreams
Originally by: IGBank Alec Before anyone starts ripping appart my spelling btw, i am Dislexic, but i do my best.
This is possible, of course. But I think you should see about having youself re-diagnosed. I think you might actually be suffering from CATP (Can't be Arsed to Type Properly) Syndrome, which is often mistaken for Dyslexia.
It's easy to distinguish the two: There's nothing that prevents a dyslexic individual from using a spellcheck. And, for example, a spellcheck would easily prevent errors such as using "teh" for "the" or spelling "dyslexic" as "dislexic." However, when it comes time to spellcheck, a person with CATP still can't be arsed.
Since you're here trying to drum up interest in a big new project, and want people to put their faith in you, you'd think you'd make the extra effort to make this initial proposal as appealing as possible. That includes a spellcheck. Or, you keep saying we, so why not have your partner(s) make this post, or at least go over it? Or are they all dyslexic too?
If the extra minute or two of effort to spellcheck is too much for you, why should we believe you have the drive and dedication to manage our ISK?
Hmm, cos spellchecking has so much to do with leaving a character allone for ages, while feeding api data to a web bassed app
and i do have dislexia, i have a statement that says it (and ADHD and Aspergers) so yeah, you can take your made up crap and stuff it TBH - its pointless. now the and teh - yeah thats typing, but a disleic trate none the less, especially as typing involves two hands - and i am not a slow typer, spell check would help, but if you are to dumb to work out what teh is - then you shoulnt be worring about banking in eve should you? Cmon guys. logical, sensible even questions please, not a constant stream of put downs
alec
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Viktor Raybach
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Posted - 2009.04.10 21:50:00 -
[26]
I'm going to be commenting on a number of your points, in no particular order.
Originally by: IGBank Alec
-we need a rep, theres no point in steeling at this stage
I find the use of the phrase 'at this stage' particularly telling.
Originally by: IGBank Alec
-butiling on my last point, if we stole when our assets were under 2 billion - pretty pointless
That entirely depends on what 2 billion is worth to you. Note that you've got no prior history in MD and no one of note vouching for you.
Originally by: IGBank Alec
-we cant, check our references in our channle, the'll tell you about there dealings with us
I can find any Jita scammer able to produce 3-4 people who claim to have been given double their money, just as their testimonials are worthless, so might those from your channel be. How about you start testifying as to these dealings and have reputable individuals coming forward to confirm them?
Originally by: IGBank Alec
-try a small amount, try withdrawning it, see if you feel comfortable and get to know the staff
at the end of the day though, we confess, theres nothing that can stop us from steeling
Depositing a small amount and then withdrawing it proves nothing. See those Jita scammers who offer to double your money as evidence.
Originally by: IGBank Alec
Its hard to explain, but i came to the forums to get better known not to be judged
If you want to get better known in a positive way, commenting on threads and raising topics for discussion is a better way to go about it than displaying poor judgement and lack of research on the holy grail of the tertiary market - banking.
That's the burdern of proof side dealt with, now let's turn to the business side.
Originally by: IGBank Alec
Right EBANK - 500k / day / billion IGBank 1000504122 isk per day from a 1 billion investment,
4,122 ISK more then EBANK - not sure about decimals, i did this real quick in excel
On a billion isk you're offering 4k more a day than the first succesful bank in Eve which holds over 2 trillion isk of public money?
Do you seriously think that this is competitive, are you aware of the typical business practices of new companies going into an established market and how they compete with their older, more well-known competitors?
Note, offering interest on an hourly basis makes no difference when you're barely, barely above that of Ebank and are significantly below that of Dbank.
Why should I pull my money from Dbank which is offering significantly higher interest rates than your putative bank?
Why should I deposit the money sitting in my wallet with you rather than Ebank where I have an insignificant risk compared with the highly significant risk of losing a couple of billion to an unknown venture?
Assuming you are serious about wanting to get involved in the tertiary market, I'd highly suggest going through the forum, looking for ventures you can invest in and get better known via your commentary rather than elaborate and over ambitious ventures.
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HawkBlade
Minmatar The Higher Standard Virtue of Selfishness
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Posted - 2009.04.10 21:52:00 -
[27]
Originally by: IGBank Alec and i do have dislexia, i have a statement that says it (and ADHD and Aspergers) so yeah, you can take your made up crap and stuff it TBH - its pointless. now the and teh - yeah thats typing, but a disleic trate none the less, especially as typing involves two hands - and i am not a slow typer, spell check would help, but if you are to dumb to work out what teh is - then you shoulnt be worring about banking in eve should you? Cmon guys. logical, sensible even questions please, not a constant stream of put downs
I just wanted to quote where your bright career ended.
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.10 21:56:00 -
[28]
Originally by: HawkBlade
Originally by: IGBank Alec but at the same time i want to be A bank. i want to operate in eve's turtury sector.
I think it goes without saying that many have watched this thread with some interest, I am but one of many. Up till this point I had nothing to add since others have done a very good job of critiquing your endeavor. And, I might add, calling you on your lack of experience, plan, or credibility. In essence, I was proud at the sufficiency of the regulars and saw no need to comment. That is... until now. Ageism is not a defense for what you lack. I will go to bat, defend, and promote someone who is your age. In fact, I have done so. However just because you are young is, like I stated, no defense. You want to play in the big boys game, you will be held to the same standards. Actually the issue I would like to take up with is the two words: You want. It would be easy to dismiss you, for your youth, on those two words. All teenagers want. But want doesn't disappear with age. What appears, one hopes, is wisdom to balance our wants. Control, knowledge, experience to bring to bear in the gaining of our wants. This is why age sometimes trumps youth. The other thing you have failed to do, in this thread, is to justify what you want. We understand "you want". What is the issue is why should we care what "you want". That you have not given us, a reason. So far all I hear is, "I code. I young. I want." Nothing else. I'd like to close up with some good advice on how to go forward but I'm finding a serious lack of ideas from the serious lack of information or background on you. If we had more info, like perhaps these alleged other involved parties... I'll link this thread to Hexxx. Maybe he can, like always, provide you with positive guidance where I, usually, can not.
On the other hand though there has been no requirement for a business plan, and these "other parties" do exist, ill slip a corp mail. but lets put it the other way then, What would you like me to say, give me soemthing constructive insead of politly, and anomously saying "**** off you little ****, you have no idea what you are getting into"
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.10 21:57:00 -
[29]
Originally by: HawkBlade
Originally by: IGBank Alec and i do have dislexia, i have a statement that says it (and ADHD and Aspergers) so yeah, you can take your made up crap and stuff it TBH - its pointless. now the and teh - yeah thats typing, but a disleic trate none the less, especially as typing involves two hands - and i am not a slow typer, spell check would help, but if you are to dumb to work out what teh is - then you shoulnt be worring about banking in eve should you? Cmon guys. logical, sensible even questions please, not a constant stream of put downs
I just wanted to quote where your bright career ended.
ca..reer...end...ed got it, anything else?
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HawkBlade
Minmatar The Higher Standard Virtue of Selfishness
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Posted - 2009.04.10 21:59:00 -
[30]
Originally by: IGBank Alec give me soemthing constructive insead of politly, and anomously saying "**** off you little ****, you have no idea what you are getting into"
You have yet to provide me (or any of us) with a reason to do so, you little **** (as you so lovingly put it). That's the big picture you are missing here mate. You need us, we don't need you.
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.10 22:00:00 -
[31]
Due to the fact that i have pulled toilet cleaners who worked out where they went wrong into one place, could we please close this thread i see now how truly pointless it was.
IGBank will continue to run, this should be interesting, i hope to hear from very few of the posters here soon
Alec
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HawkBlade
Minmatar The Higher Standard Virtue of Selfishness
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Posted - 2009.04.10 22:02:00 -
[32]
And, once the tantrum is done, the child retreats in a huff.
Your bank may continue to run mate but as it stands the only customers you will have will be those "to dumb to know better" as you put it.
PS: Where LaVista Vista is a shining example of what a young person can bring you are, on the other hand, proof that Aspergers is a problem, not a benefit.
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.10 22:04:00 -
[33]
Originally by: Viktor Raybach I'm going to be commenting on a number of your points, in no particular order.
Originally by: IGBank Alec
-we need a rep, theres no point in steeling at this stage
I find the use of the phrase 'at this stage' particularly telling.
Originally by: IGBank Alec
-butiling on my last point, if we stole when our assets were under 2 billion - pretty pointless
That entirely depends on what 2 billion is worth to you. Note that you've got no prior history in MD and no one of note vouching for you.
Originally by: IGBank Alec
-we cant, check our references in our channle, the'll tell you about there dealings with us
I can find any Jita scammer able to produce 3-4 people who claim to have been given double their money, just as their testimonials are worthless, so might those from your channel be. How about you start testifying as to these dealings and have reputable individuals coming forward to confirm them?
Originally by: IGBank Alec
-try a small amount, try withdrawning it, see if you feel comfortable and get to know the staff
at the end of the day though, we confess, theres nothing that can stop us from steeling
Depositing a small amount and then withdrawing it proves nothing. See those Jita scammers who offer to double your money as evidence.
Originally by: IGBank Alec
Its hard to explain, but i came to the forums to get better known not to be judged
If you want to get better known in a positive way, commenting on threads and raising topics for discussion is a better way to go about it than displaying poor judgement and lack of research on the holy grail of the tertiary market - banking.
That's the burdern of proof side dealt with, now let's turn to the business side.
Originally by: IGBank Alec
Right EBANK - 500k / day / billion IGBank 1000504122 isk per day from a 1 billion investment,
4,122 ISK more then EBANK - not sure about decimals, i did this real quick in excel
On a billion isk you're offering 4k more a day than the first succesful bank in Eve which holds over 2 trillion isk of public money?
Do you seriously think that this is competitive, are you aware of the typical business practices of new companies going into an established market and how they compete with their older, more well-known competitors?
Note, offering interest on an hourly basis makes no difference when you're barely, barely above that of Ebank and are significantly below that of Dbank.
Why should I pull my money from Dbank which is offering significantly higher interest rates than your putative bank?
Why should I deposit the money sitting in my wallet with you rather than Ebank where I have an insignificant risk compared with the highly significant risk of losing a couple of billion to an unknown venture?
Assuming you are serious about wanting to get involved in the tertiary market, I'd highly suggest going through the forum, looking for ventures you can invest in and get better known via your commentary rather than elaborate and over ambitious ventures.
last post just to answer this belive it or not i hadnt heard of this DBANK, so not sure about that secondly, i think i am allowed to be nieve, i have a system that works, one step at at time
also i said minium interest rate, now i am sure that therefre you can make more interest off us then EBANK - correct? hence 0.0021% / hour is the minium
-NO MORE POSTS PLEASE-
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Viktor Raybach
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Posted - 2009.04.10 22:06:00 -
[34]
Originally by: IGBank Alec
On the other hand though there has been no requirement for a business plan, and these "other parties" do exist, ill slip a corp mail. but lets put it the other way then, What would you like me to say, give me soemthing constructive insead of politly, and anomously saying "**** off you little ****, you have no idea what you are getting into"
I'm not Hawkblade and wouldn't presume to speak for him but some thoughts off the top of my head:
Use eve-search and go find the launch of EBank and the threads regarding it, take a long look at your bank announcement post and compare the two.
Consider trying to present reasons why a customer should bank with you. Particularly when there are two other succesful banks which both offer options you don't (one, increased security and history, the other increased security, history and better interest rates).
Take a look at what the other banks have in the way of reputation, credentials and staffing and then compare with what you've presented. There are a number of very key differences you should be aware of. Moreover, if you continue to retain those differences, you should be explaining why you're not operating as the other banks do.
There are a lot of other points I could make but rather than simply shred your positions, i'm going to reiterate that you should read the forums and compare the presentations of the other banks or succesful (non scam) bonds and IPOs to your bank proposal. Actually, for that matter, compare the scams. There have been many failed scams which attempted to get public money with far more professional business proposals than your bank launch.
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HawkBlade
Minmatar The Higher Standard Virtue of Selfishness
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Posted - 2009.04.10 22:06:00 -
[35]
Originally by: IGBank Alec -NO MORE POSTS PLEASE-
You can't come in, post just one more time and then say, " Pretty please - I'm young and got a host of issues - Just leave me alone after flaming everyone". When you mature, you'll understand.
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.10 22:07:00 -
[36]
Originally by: HawkBlade
And, once the tantrum is done, the child retreats in a huff.
Your bank may continue to run mate but as it stands the only customers you will have will be those "to dumb to know better" as you put it.
PS: Where LaVista Vista is a shining example of what a young person can bring you are, on the other hand, proof that Aspergers is a problem, not a benefit.
Depends on how you look at it
not many 15 year olds are as intelligent as i am, are fluiting in 8 programming languages and server other contrversal languages such as SQL.
Reagardless dont be so negative to aspergers. i love who i am becuase i am not ammused by a ball. (football)
you should really be careful about your comments, thats very offencive
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HawkBlade
Minmatar The Higher Standard Virtue of Selfishness
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Posted - 2009.04.10 22:08:00 -
[37]
Originally by: Viktor Raybach Good Stuff
Just wanted say, "I see much Hexxx in you".
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HawkBlade
Minmatar The Higher Standard Virtue of Selfishness
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Posted - 2009.04.10 22:11:00 -
[38]
Originally by: IGBank Alec you should really be careful about your comments, thats very offencive
If you'd care to do some research you will find that my point is not an offensive one but a qualitative one. You may be offended by the results of professional debate/opinion but your offense does not make a statement offensive. In essence, so what if you don't like it. We are not your parents, your friends, or anyone who should necessarily give a crap about an anonymous bunch of 1's and 0's who could be lying his ass off.
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Kwint Sommer
Caldari XERCORE
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Posted - 2009.04.10 22:11:00 -
[39]
Originally by: IGBank Alec Due to the fact that i have pulled toilet cleaners who worked out where they went wrong into one place, could we please close this thread i see now how truly pointless it was.
IGBank will continue to run, this should be interesting, i hope to hear from very few of the posters here soon
Alec
Good riddance!
PS EBANK pays 3% monthly on hundreds of millions of ISK and is still accepting additional ISK at this rate from its older customers. You are nowhere near what they pay or what any respected individual pays. Given that you're anything but respected you should be paying easily twice what someone like Ray raises funds at; not half of what EBANK offers.
At any rate, I'm going to stop posting in this thread. It's been an irritating enough week without having to deal with this sort of brash stupidity.
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Master Gotama
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Posted - 2009.04.10 22:21:00 -
[40]
Edited by: Master Gotama on 10/04/2009 22:23:30 Alec, Try not to see every criticism as an attack on your character. The people critiquing your request are respected members of this forum and their questions and comments carry a lot of weight in-game. They are picking apart your proposal because they value their isk and want to know how you respond under pressue. Your responses mean a lot in this regard, I suggest you stick to your business plan and try to be as forthcoming as possible. It's okay not to have an answer for every question, what is more important is showing that you can resolve questions and issues in a quick and professional manner. If you can convince a few people here that you are capable of handling yourself under pressure, they'll be much more willing to trust you with their isk, even if your ideas need some revising.
Edit: heh.. too late
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Lady Apocrypha
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Posted - 2009.04.10 22:58:00 -
[41]
At first I felt bad for you bro although you probably don't need anyone to feel bad for you, which is entirely understandable. You have got tenacity kid and that is a good thing. You honestly need to learn how to except constructive criticism as I felt every one was very mature and even gentle with you and your condition. However, just like you can't expect an autistic person who slobbers on himself, to get a bomb shell model wife. You can't expect someone who cannot articulate a good solid business plan to investors, to actually win over enough of those investors to have the venture you want. 2 things came to mind while reading your initial post. Why not convey your idea to someone who can read, spell and write and they could create your posts and add them to MD and second was obviously spell check. If you are not resourceful enough to use notepad how are your resourceful enough to keep up our investments? I don't mean any harm or disrespect. In fact I wish you only the best. Eve is not the only time you will be running into business related issues. It is best to use the time and this experience to understand that you need some help in communication. You can lead a horse to water but you cannot make him drink it.
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Ricdic
Caldari
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Posted - 2009.04.11 00:23:00 -
[42]
Ok well a lot has been posted on this. A few points I want to bring up that haven't been done yet:
Quote: however we do have references, in our channle and our forums.
Quote: Well you can ask other customers, they'll tell you
Quote: we cant, check our references in our channle, the'll tell you about there dealings with us
After all that, this little gem stands out:
Quote: and some unofficial members who act as references, and guides.
You were speaking of staff and now you advise they are unofficially employees who are providing references?
Quote: and i do have dislexia, i have a statement that says it (and ADHD and Aspergers)
Quite the trifecta. If anything, having these conditions you should have had someone without them (specifically the Dyslexia) write the posts and handle the PR of this issue. Depending on the severity of the Aspergers I would have expected a bit more meticulous planning or a heavy focus on a specific area of the bank (this may be so with the coding portion). Obviously every case is different with these illnesses so it's impossible to judge.
Quote: especially as typing involves two hands - and i am not a slow typer, spell check would help
Even just proof-reading would help. Before you post have a read over what you wrote. The dyslexia would make it hard to pick everything up but you would be able to grab onto small portions of mistakes, using this as a guide would actually help you control the condition as well.
Quote: not many 15 year olds are as intelligent as i am, are fluiting in 8 programming languages and server other contrversal languages such as SQL.
Focus some of that effort towards English. A lot of your spelling traits are not a result of Dyslexia, rather "text-speech" and a lack of English knowledge.
Quote: we need a rep, theres no point in steeling at this stage
I hate the "at this stage" portion of this comment
Quote: We, the IGBank staff, and contributors, atm theres a co-founder, myself
What are their names? What are their roles? Why aren't they posting here?
Take this as constructive criticism. |
HawkBlade
Minmatar The Higher Standard Virtue of Selfishness
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Posted - 2009.04.11 00:38:00 -
[43]
Quote: not many 15 year olds are as intelligent as i am, are fluiting in 8 programming languages and server other contrversal languages such as SQL.
Originally by: Ricdic Focus some of that effort towards English. A lot of your spelling traits are not a result of Dyslexia, rather "text-speech" and a lack of English knowledge.
Well for me, I'm finding it hard to believe that someone can have ADHD + Aspergers can overcome Dyslexia enough to become a 15 yr old programming language genius in over 8 languages and other connected technologies. Finally, what's all of that got to do with economic sense, financial aptitude, and/or even a high integrity enough to safely hold a bunch of other's people isk? Nothing of course. PS: IMNSHO, the op is full of crap and is just pretending to be any, all of it, of what he is saying. Aspergers is just the common lame excuse for acting a jerk.
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Selene D'Celeste
Caldari The D'Celeste Trading Company
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Posted - 2009.04.11 00:41:00 -
[44]
Well, at least MD still does its job. I'm honestly impressed at the volume of new, terribly designed business plans that come through here where the owners give up due to not being able to defend themselves with logic and reason. The day things like this aren't destroyed (and possibly nurtured to rebirth) by this forum is the day this forum is useless.
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Dagda Morr
Seppuku Warriors
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Posted - 2009.04.11 00:41:00 -
[45]
I'm going to steer clear of the issues already raised, I would like to know how you are actually planning to raise the interest? Relying solely on income from loans is a risky proposition since a series of defaults could set you back. Do you have a portfolio of investments or active trade division to generate ISK?
Please resize sig to a maximum of 400 x 120 - Mitnal
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Haruka Watanabe
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Posted - 2009.04.11 01:14:00 -
[46]
Hay guys! Didn't you read? Quit posting!!! omg!!
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Ricdic
Caldari
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Posted - 2009.04.11 01:46:00 -
[47]
Originally by: HawkBlade Well for me, I'm finding it hard to believe that someone can have ADHD + Aspergers can overcome Dyslexia enough to become a 15 yr old programming language genius in over 8 languages and other connected technologies.
I was considering this myself as well however I have seen some pretty amazing things from kids & teens with different levels of Autism. Generally these people have found a comfort level with a certain area or aspect and may put 10x the effort engrossing themselves into the area than a regular child/teen would have the patience or concentration to do.
I guess for that reason I wouldn't discount the possibility that the OP has done this in the coding area as his "comfort space" however the bank thing is a little stranger as usually throwing oneself into a new agressive social scene would be one of the last things one would do with this kind of condition. This could also explain why the OP was quick to give up on the public here after a bit of agression.
Anyway this could all be totally wrong and the OP could be stringing us along trying to use disabilities to further his likelihood of success, but I don't want to go down that path. In the end this is a computer game and one really should try to limit mixing RL with it in a public forum. |
Kitex
Blacktag Test Labs
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Posted - 2009.04.11 03:09:00 -
[48]
Originally by: Ricdic Anyway this could all be totally wrong and the OP could be stringing us along trying to use disabilities to further his likelihood of success, but I don't want to go down that path. In the end this is a computer game and one really should try to limit mixing RL with it in a public forum.
If disabilities have truly become a means to further anyone's likelihood of success, this world is truly upside down, and I hereby offer my complete and unconditional surrender.
Though this is off-topic from the original purpose of the thread, and politically incorrect, I feel compelled to say it: the multitude of disorders described by the OP (to excess), are all marks against him.
If anyone was on the fence here, and felt the scales tip in his favor when he explained his ADHD, Aspergers, and Dyslexia... you deserve him. If anyone would claim that they wouldn't feel more comfortable and secure putting money into this thing if his posts read more like an EBank thread, I'd question their honesty.
I'm not insensitive to the conditions described by the OP. But this is business (albeit video game business) and literacy is a big deal in this forum - much like in the real world. The fact that you are not "amused by a ball" and are using that as a selling point, is no substitute for proper spelling and a well constructed business plan.
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Kazzac Elentria
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Posted - 2009.04.11 04:32:00 -
[49]
Sorry, you have not discouraged me from my firm believe in the investment power of waffles |
Ray McCormack
hirr
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Posted - 2009.04.11 06:33:00 -
[50]
Alec, every once in a while someone comes along and presents themselves as the prime example of how not to react to this community. You fall neatly into that category.
If you had the maturity and staying power to run something as demanding as a bank you would not have run off in a tantrum after twelve hours.
Disabilities need to be put aside, why should I treat you any different because you have a disability? Or do you want me to? It seems to me society is striving for the exact opposite.
If you're serious about wanting to do this then do more reasearch, know your market. Saying you don't know who one of the primary players in your sector is means you're not ready to launch an offering.
And form a partnership with someone that can act as the public face of your enterprise, I shouldn't need a decoder to work out what you're trying to say. Sorry, that's just business.
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.04.11 07:24:00 -
[51]
Edited by: LaVista Vista on 11/04/2009 07:31:41
Originally by: IGBank Alec and ADHD and Aspergers
If you have, then you would now NEVER to throw that card on an online discussion forum.
Quote: not many 15 year olds are as intelligent as i am, are fluiting in 8 programming languages and server other contrversal languages such as SQL.
Anybody can pick up 8 programming languages. The barrier to entry for python, ruby, C#, Visual Basic, Java and basic C is really low. That's not even mentioning things like HTML and CSS, which are arguably languages(However they are markup languages).
And you state that SQL is a controversial(Well, that's what I can make out of it) language. How so? Even my mom could learn SQL given a weekend of practice. It's just an english syntax which requires LITTLE understanding of the guts of the database.
Quote: Reagardless dont be so negative to aspergers. i love who i am becuase i am not ammused by a ball. (football)
Since when was "Not liking football" a part of the asperger syndrome? I know aspergers who loves football.
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Takemikazuki
Donnerkeil Industries
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Posted - 2009.04.11 08:31:00 -
[52]
Based on your posts in this thread I would never consider to deposit so much as one lousy unit of trit into your IG-bank.
Your whole project reeks of amateurism. And your reaction to the legitimate questions that were raised does not cancel the initial impression - quite the contrary.
Tip: before presenting ideas to the public, make sure they are well prepared and thouroghly worked out.
And I would add: before running off starting banks, it it perhaps wise to prove your skills and develop a reputation by successful execution of less complex financial projects.
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ingenting
20th Legion
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Posted - 2009.04.11 10:14:00 -
[53]
Originally by: HawkBlade
Originally by: IGBank Alec and i do have dislexia, i have a statement that says it (and ADHD and Aspergers) so yeah, you can take your made up crap and stuff it TBH - its pointless. now the and teh - yeah thats typing, but a disleic trate none the less, especially as typing involves two hands - and i am not a slow typer, spell check would help, but if you are to dumb to work out what teh is - then you shoulnt be worring about banking in eve should you? Cmon guys. logical, sensible even questions please, not a constant stream of put downs
I just wanted to quote where your bright career ended.
win
Originally by: HawkBlade
Originally by: IGBank Alec give me soemthing constructive insead of politly, and anomously saying "**** off you little ****, you have no idea what you are getting into"
You have yet to provide me (or any of us) with a reason to do so, you little **** (as you so lovingly put it). That's the big picture you are missing here mate. You need us, we don't need you.
double win
I giggled _________________ - "Welcome to EVE, remember to insu *BAAOOM*... Told you, newb."
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Per Bastet
Amarr B.O.O.M
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Posted - 2009.04.11 10:29:00 -
[54]
Originally by: IGBank Alec I hadnt heard of dbank before today - - i am also 15 (16 on the 13/4/2009 - 3 days)
Age not with standing, the fact that you failed to do your homework before making some pretty bold claims concerns me. Sorry, but for now I think I'll be keeping my Isk in DBank. --
Bastet's Organization Of Mining |
Beliandra
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Posted - 2009.04.11 10:39:00 -
[55]
Originally by: IGBank Alec and i do have dislexia, i have a statement that says it (and ADHD and Aspergers)
Since there have already been comments about the dyslexia and the Asperger's, I'll just chime in and say that "attention deficit disorder" and "managing my investments" are two phrases which I doubt will ever be used to describe one person.
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Ji Sama
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Posted - 2009.04.11 11:48:00 -
[56]
so your young and full of syndromes..
check..
why was it we where supposed to invest, let alone trust you?
consfdering your opening a bank, i would think that doing a little more research would have been in order..
good luck with your venture... This is a signature not related to EVE |
Manalapan
Dynasty Banking
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Posted - 2009.04.11 11:56:00 -
[57]
Ugh I decide to take an extra few hours of sleep yesterday and I missed this.
I am kind of hurt that he didn't know DBANK.
On the path of the current conversation I do actually have a friend that is ADHD Dyslexic and Bi-Polar who happens to be a technical genius, so I have no doubt this guy knows how to do anything. He just doesn't know what not to do like not take the time to do adequate posts, not do adequate research, use any disability as an excuse, and advertise his disability and his age(This one was a big fail on his part).
o well another bank attempt gone. Come on Hexxx and Ricdic you know you like my idea more and more now!!!
Dynasty Banking |
LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.04.11 12:01:00 -
[58]
Originally by: Manalapan ADHD Dyslexic and Bi-Polar
Lets just be clear that ADHD, Dyslexic and bi-polar are all extremely different from anything on the autistic spectrum.
All geniuses are a bit crazy. But not all crazy people are geniuses.
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Manalapan
Dynasty Banking
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Posted - 2009.04.11 12:08:00 -
[59]
Definately, did not mean to express that (My fail at wording). Just was more aiming to defunct any of the OP excuses of dyslexia leading to unprofessional presentation.
Dynasty Banking |
Ms Delerium
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Posted - 2009.04.11 12:08:00 -
[60]
Edited by: Ms Delerium on 11/04/2009 12:11:49 I tried myself to make a small bank, total failure. This thread reminds me of the big harassement... damn this thread is even more harsh...
I will point out some thoughts. Dont take it as an offence.
- "InGame Bank" --- LOL this is no way an ingame bank. I think many of us would like to get an automatic, trusty, ingame bank (lets say NPC bank) but yours is just another untrusty player entity.
- "Hourly interest" --- LOL are you online 23/7?? How can you guarantee I can get back my isk when I request it? What if you are sleeping?
- "Interest rates" --- WTF? its very poor -> 1.52% per month.
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Manalapan
Dynasty Banking
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Posted - 2009.04.11 12:15:00 -
[61]
Edited by: Manalapan on 11/04/2009 12:16:17
Originally by: Ms Delerium I tried myself to make a small bank, total failure. This thread reminds me of the big harassement... damn this thread is even more harsh...
I will point out some thoughts. Dont take it as an offence.
- "InGame Bank" --- LOL this is no way an ingame bank. I think many of us would like to get an automatic, trusty, ingame bank (lets say NPC bank) but yours is just another untrusty player entity.
- "Hourly interest" --- LOL are you online 23/7?? How can you guarantee I can get back my isk when I request it? What if you are sleeping?
- "Interest rates" --- WTF? First you say 0.0021% per hour. Some lines above you say 0.000021% per hour. Which one is the correct? First is awesomely big -> 452.86% per month. The second is very poor -> 1.52% per month.
.0021% per hour = .000021 per hour (notice the % sign is not present in the second instance) so that actually made sense. Also, the hourly interest does not require him to be online constantly and nor do any of the banks say that you will get your withdrawal immediately. I know DBANK says that you will get the ISK within 48hrs (has been true for a small while).
EDIT: You must have caught the interest error immediately following your post.
Dynasty Banking |
Ji Sama
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Posted - 2009.04.11 12:38:00 -
[62]
Originally by: LaVista Vista
Originally by: Manalapan ADHD Dyslexic and Bi-Polar
All geniuses are a bit crazy. But not all crazy people are geniuses.
this! This is a signature not related to EVE |
cyno here
Caldari School of Applied Knowledge
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Posted - 2009.04.11 13:33:00 -
[63]
Edited by: cyno here on 11/04/2009 13:33:47
Originally by: HawkBlade [justify] Quote: not many 15 year olds are as intelligent as i am, are fluiting in 8 programming languages and server other contrversal languages such as SQL.
Originally by: Ricdic Focus some of that effort towards English. A lot of your spelling traits are not a result of Dyslexia, rather "text-speech" and a lack of English knowledge.
Well for me, I'm finding it hard to believe that someone can have ADHD + Aspergers can overcome Dyslexia enough to become a 15 yr old programming language genius in over 8 languages and other connected technologies.
Wrong on so many levels. First of all, you can overcome dyslexia (i'm living example of this as heavy dyslectic, my failure in posting here is lack of proper english lessons not dyslexia) by working hard for many years instead waving it like a flag "look i have dyslexia!". Second you are not fluent in 8 programming languages. You will understand that in couple years when you will learn 1-2 on resonable level. Third you are not mature enought to run a bank, you can't even take simple criticizm without stomping and crying that "internet ppl were mean to meeeeee".
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Ms Delerium
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Posted - 2009.04.11 14:34:00 -
[64]
I understood all what he said.
Maybe he is not a Shakespeare, but you guys could learn to interpret "weird" forms of English yourselves. It's a form of demonstrating intelligence and empathy . Not everyone is English/American here you know?
Also why can't he run a small bank, what does "matureness" have to do with that? This is an economic game. He offers an interest rate, you either accept it or reject it but stop complaining kthx.
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Ricdic
Caldari
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Posted - 2009.04.11 14:44:00 -
[65]
Originally by: Ms Delerium Also why can't he run a small bank, what does "matureness" have to do with that? This is an economic game. He offers an interest rate, you either accept it or reject it but stop complaining kthx.
By all means feel free to invest in his bank. Or are you just trolling? |
Ji Sama
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Posted - 2009.04.11 15:00:00 -
[66]
Originally by: Ricdic
Originally by: Ms Delerium Also why can't he run a small bank, what does "matureness" have to do with that? This is an economic game. He offers an interest rate, you either accept it or reject it but stop complaining kthx.
By all means feel free to invest in his bank. Or are you just trolling?
firesafe-bulletproof-watertight This is a signature not related to EVE |
Manalapan
Dynasty Banking
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Posted - 2009.04.11 15:33:00 -
[67]
Originally by: Ji Sama
Originally by: Ricdic
Originally by: Ms Delerium Also why can't he run a small bank, what does "matureness" have to do with that? This is an economic game. He offers an interest rate, you either accept it or reject it but stop complaining kthx.
By all means feel free to invest in his bank. Or are you just trolling?
firesafe-bulletproof-watertight
Yes but is it blaster-proof?
Dynasty Banking |
Ji Sama
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Posted - 2009.04.11 15:49:00 -
[68]
Originally by: Manalapan
Originally by: Ji Sama
Originally by: Ricdic
Originally by: Ms Delerium Also why can't he run a small bank, what does "matureness" have to do with that? This is an economic game. He offers an interest rate, you either accept it or reject it but stop complaining kthx.
By all means feel free to invest in his bank. Or are you just trolling?
firesafe-bulletproof-watertight
Yes but is it blaster-proof?
nothing is blasterproof... you can only get 99% resist against blasters imo! needs to be nerfed imo! This is a signature not related to EVE |
REFINERALTINNIT
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Posted - 2009.04.11 19:20:00 -
[69]
I cant be bothered to do the math, which seemed to change every time you reposted in your opener
if I were to invest 1 bill, how much would I get back a day?
2nd question, how old are you?
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Estel Arador
Minmatar Estel Arador Corp Services
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Posted - 2009.04.11 19:25:00 -
[70]
Originally by: REFINERALTINNIT I cant be bothered to do the math,
You can't be bothered to read either, I see.
FREE! jumpclone service - NOW 192 locations! |
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REFINERALTINNIT
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Posted - 2009.04.11 19:27:00 -
[71]
Originally by: Estel Arador
Originally by: REFINERALTINNIT I cant be bothered to do the math,
You can't be bothered to read either, I see.
pretty much
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JitaBum
Gallente Center for Advanced Studies
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Posted - 2009.04.12 01:21:00 -
[72]
Originally by: IGBank Alec I have dyslexia; this exempts me from posting a proper plan, or from using spell check.
Welp, I also have a large amount of other illness - my syndromes, let me show you them *laundry list*
Your eagnerness to share your supposed medical conditions is telling. I am certain this was a scam attempt.
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Tyranus vonCarstein
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Posted - 2009.04.12 04:41:00 -
[73]
Originally by: Haruka Watanabe Hay guys! Didn't you read? Quit posting!!! omg!!
The "omg!!" made my day... Pure laughter makes one feel so... wonderful. Thank you.
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corestwo
Goonfleet Investment Banking
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Posted - 2009.04.12 05:00:00 -
[74]
Man. I could probably write an IPO that would have MD residents more willing to invest, and I have the anti-rep of being a goon looming over me. ------------- Goonfleet Investment Banking - Bringing you the spoils of Delve!
Search Corestwo and Goonfleet Investment Banking under "issued by" on contracts for the current item list! |
Kitchie
Gallente Kitchie's Logistics and Marketing Corp
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Posted - 2009.04.12 05:06:00 -
[75]
Originally by: corestwo Man. I could probably write an IPO that would have MD residents more willing to invest, and I have the anti-rep of being a goon looming over me.
Woooooohhhh! Is that GoonBank or maybe BoonGank?
Lemme in there! (or is that lemming [never trust a spellchecker, especially if it's Nokia autocompleting words in text messages])
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BernieL Madoff
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Posted - 2009.04.12 05:07:00 -
[76]
Edited by: BernieL Madoff on 12/04/2009 05:08:59
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corestwo
Goonfleet Investment Banking
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Posted - 2009.04.12 05:10:00 -
[77]
Edited by: corestwo on 12/04/2009 05:12:44
Originally by: Kitchie
Originally by: corestwo Man. I could probably write an IPO that would have MD residents more willing to invest, and I have the anti-rep of being a goon looming over me.
Woooooohhhh! Is that GoonBank or maybe BoonGank?
Lemme in there! (or is that lemming [never trust a spellchecker, especially if it's Nokia autocompleting words in text messages])
Already exists, obviously. But I kept it internal (inside Goonswarm only)...much easier to get the money I needed that way. ------------- Goonfleet Investment Banking - Bringing you the spoils of Delve!
Search Corestwo and Goonfleet Investment Banking under "issued by" on contracts for the current item list! |
LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.04.12 08:46:00 -
[78]
If you were to trust history, anybody who advertises their service in Jita, is a scammer.
I was disgusted to find this bank being advertised in Jita.
If you have to resort to spew your advertisement in Jita, then you have dropped really low
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Daquaris
Caldari Novus Aevum Transport and Industries Novus Aevum
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Posted - 2009.04.12 08:54:00 -
[79]
Just wanted to throw in my 0.02isk.
Alec was my CEO when I started out, to get that out of the way. He approached me, told me he had a bank going, and I checked it out. Figured 'what the heck', and threw 10m isk in for a few weeks.
When WH living eventually made me broke, I pulled my money out to buy some more ammo :), I didn't have any troubles getting it out, plus it's interest.
I know, in eve 10m is pennies, but, take this for what it's worth, for me, the bank operated as advertised, I put my money in, let it grow a bit, and got it out.
Will deposit again, when I'm not poor :(
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Ray McCormack
hirr
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Posted - 2009.04.12 09:28:00 -
[80]
Daquaris, I'm afraid what you just did follows the classic example of someone trying to create a ponzi scheme. You just reinforced all views already expressed in here.
If the OP had an ounce of the intelligence he claims he would realise that.
| Auction http://www.eveonline.com/ingameboard.asp?a=topic&threadID |
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Daquaris
Caldari Novus Aevum Transport and Industries Novus Aevum
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Posted - 2009.04.12 09:41:00 -
[81]
Originally by: Ray McCormack Daquaris, I'm afraid what you just did follows the classic example of someone trying to create a ponzi scheme. You just reinforced all views already expressed in here.
If the OP had an ounce of the intelligence he claims he would realise that.
I agree with you there, actually. IMO most banks are just a variation on the ponzi scheme anyhow. What matters to ME, is I got my money back plus some. Seemed like a solid investment, albeit a little light on the payout, to me.
As Lavista probably remembers I'm not a huge fan of banks, but, I like this model more than the others for some reason. Don't care if my testimony hurts or helps, that was my experience, take it or leave it.
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.04.12 09:45:00 -
[82]
Originally by: Daquaris IMO most banks are just a variation on the ponzi scheme anyhow.
Well geez. I see that you know what you are talking about
Quote: As Lavista probably remembers I'm not a huge fan of banks
Who are you? I never heard of you, as far as I'm aware.
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Daquaris
Caldari Novus Aevum Transport and Industries Novus Aevum
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Posted - 2009.04.12 09:48:00 -
[83]
Edited by: Daquaris on 12/04/2009 09:53:03 Edited by: Daquaris on 12/04/2009 09:52:18
Originally by: LaVista Vista
Originally by: Daquaris IMO most banks are just a variation on the ponzi scheme anyhow.
Well geez. I see that you know what you are talking about
Quote: As Lavista probably remembers I'm not a huge fan of banks
Who are you? I never heard of you, as far as I'm aware.
Ahh, I think I remember bickering with you and riddic a bit on one of the EBANK threads a while ago.... Something about 'OMG THEY WILL RUN OFF WITH ALL THE ISK', and generally making an ass of myself.... Grown past that since then. Spose it's more memorable to someone with 20 posts under their belt than thousands :P
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Ray McCormack
hirr
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Posted - 2009.04.12 10:01:00 -
[84]
Originally by: Daquaris Don't care if my testimony hurts or helps
Then why offer it? The argument of take it or leave it is the most pathetically unsound reasoning imaginable.
| Auction http://www.eveonline.com/ingameboard.asp?a=topic&threadID |
Daquaris
Caldari Novus Aevum Transport and Industries Novus Aevum
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Posted - 2009.04.12 10:10:00 -
[85]
Edited by: Daquaris on 12/04/2009 10:14:03
Originally by: Ray McCormack
Originally by: Daquaris Don't care if my testimony hurts or helps
Then why offer it? The argument of take it or leave it is the most pathetically unsound reasoning imaginable.
Ohnoes? I've posted without sound reasoning? Never! I'm sorry that you seem upset that I offered up my experience with this entity, however, it's here now, and that was my experience. I don't get why you have a problem with this. For better or for worse, I did business with IGBank, and, the outcome was that I got my ISK back plus the interest I'd earned.
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Estel Arador
Minmatar Estel Arador Corp Services
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Posted - 2009.04.12 10:18:00 -
[86]
Let me get this straight:
(1) You think all banks are ponzi schemes (2) You don't (or didn't) trust EBank and won't put your money there (3) You did put money into IGBank (4) You're happy you got your money back from IGBank
How do (2) and (3) compare? Do you think (4) proves or disproves (1)?
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Daquaris
Caldari Novus Aevum Transport and Industries Novus Aevum
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Posted - 2009.04.12 10:21:00 -
[87]
Edited by: Daquaris on 12/04/2009 10:24:30 Edited by: Daquaris on 12/04/2009 10:22:21
Originally by: Estel Arador Let me get this straight:
(1) You think all banks are ponzi schemes (2) You don't (or didn't) trust EBank and won't put your money there (3) You did put money into IGBank (4) You're happy you got your money back from IGBank
How do (2) and (3) compare? Do you think (4) proves or disproves (1)?
I didn't, as far as 2 went ( I actually have put money there since then ). Back then 10m isk was a fortune, today I find that stuff in the seat cushions of my hyperion. I tried it, took a risk to be sure, and it paid out. Everything in eve is a gamble, and for me, this gamble paid out, albeit in very, very small change.
I offered my experiences with this entity, no more, no less.
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.04.12 10:40:00 -
[88]
Originally by: Daquaris
I didn't, as far as 2 went ( I actually have put money there since then ). Back then 10m isk was a fortune, today I find that stuff in the seat cushions of my hyperion.
There's a leap in logic somewhere.
"Back then".. Years ago, 10mill was a fortune.
Are you suggesting that this bank is like.. years old?
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Daquaris
Caldari Novus Aevum Transport and Industries Novus Aevum
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Posted - 2009.04.12 10:44:00 -
[89]
Originally by: LaVista Vista
Originally by: Daquaris
I didn't, as far as 2 went ( I actually have put money there since then ). Back then 10m isk was a fortune, today I find that stuff in the seat cushions of my hyperion.
There's a leap in logic somewhere.
"Back then".. Years ago, 10mill was a fortune.
Are you suggesting that this bank is like.. years old?
Ahh, I see, you must have started before me, when everyone started with 2.8bil in their wallet. When I started, I think it was with 1k or so isk, and you spent a while clawing your way up until skills allowed you to make more isk more easily.
Perhaps I'm just playing a different game than you?
Hell, it took me a good solid week or two to make my first million isk, hence the 'back then'.
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 10:56:00 -
[90]
Edited by: IGBank Alec on 12/04/2009 10:58:00 Edited by: IGBank Alec on 12/04/2009 10:57:19 Right yeah, I know I said stop posting, but IÆve taken time to gather my cool. And think
Now thanks to LV few and far useful posts I found some good tips on some white papers I should have, these will be created shortly, and will be open for all to read.
So IGBank is back on the forums :)
Yes I do have ADHD and Dyslexia and Aspergers, but that shouldnÆt be a problem, and I am not 15, not a minor at least not until tomorrow when I turn 16 :)
Now to formally address comments
LV - Please behave yourself and stop being so arrogant, this isnÆt your bank its mine - go back to the EBANK thread, please take any alts you have trolling with you
Daiquiris - yes I remember being your CEO that was great. Good times.
I also remember "back then" just I started in Revelations II - think it was 836k SP, and 5,000 ISK The good old days, bloody isk inflation lol and a caracal, or cormorant was like a 2-7 day achievement.
And there were allot more bait cans, and allot more clutter at belts, remember the field of yellow mines - sucked
Yes, the bank is real. No you donÆt have to invest, you can listen to the others if you like, thereÆs over 125 trillion isk in eve, bet money IÆd never see your "30 billion that no-one sees ever" in my bank anyway, all you sceptics
Yes I have run this through a spell checker
Please Post your questions here ill do my best to answer them as best I can :)
Alec added my name at bottom
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.04.12 11:02:00 -
[91]
Quote: LV - Please behave yourself and stop being so arrogant, this isnÆt your bank its mine - go back to the EBANK thread, please take any alts you have trolling with you
Anybody who knows me will tell you that I don't need alts to post on the forum. I'll post with my main or nothing.
I realize it's your bank, and for that I'm thankful. At least then, it's not mine, because then I would probably hurt myself
And I'm hardly being arrogant. I'm merely pointing out major flaws.
At least you used a spelling checker this time, which was also evident by the fact that you pasted the text in twice
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Kitchie
Gallente Kitchie's Logistics and Marketing Corp
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Posted - 2009.04.12 11:14:00 -
[92]
I'm not going to comment on the viability of IGBank, my fingers get bored if I type too much and they wander off, but it's good to see that you're calmer and taking on board some of the people's comments.
You're last post was much kinder on my rapidly diminishing braincells so thank you for that
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IkillYOUpainuffly
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Posted - 2009.04.12 11:17:00 -
[93]
Edited by: IkillYOUpainuffly on 12/04/2009 11:18:34
Originally by: LaVista Vista
Quote: LV - Please behave yourself and stop being so arrogant, this isnÆt your bank its mine - go back to the EBANK thread, please take any alts you have trolling with you
Anybody who knows me will tell you that I don't need alts to post on the forum. I'll post with my main or nothing.
I realize it's your bank, and for that I'm thankful. At least then, it's not mine, because then I would probably hurt myself
And I'm hardly being arrogant. I'm merely pointing out major flaws.
At least you used a spelling checker this time, which was also evident by the fact that you pasted the text in twice
I don't believe i did, i misspelled my name the first time (no Capital letter), but that's it.
Anyway if you feel that running IGBank would hurt you that's your opinion, and I am not going to disagree. It might actually hurt you
Major Flaws? Please list them in a way that's just a list, not your normal posting style please.
At least I did use a spellchecker this time? please, my spelling was not that far off before. If you were unable to read that, I suggest you have a Dyslexia test.
Alec I HATE THESE FORUMS This is my third character, he was originally a dare, with me being a pirate, now he just just holds a corp
Alec
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 11:21:00 -
[94]
Originally by: Kitchie I'm not going to comment on the viability of IGBank, my fingers get bored if I type too much and they wander off, but it's good to see that you're calmer and taking on board some of the people's comments.
You're last post was much kinder on my rapidly diminishing braincells so thank you for that
Thanks, I've just noticed i probably spelled painfully wrong in my alt that is never used' name.
I gtg for a meal out now with my family
Happy Easter Everyone (including LV )
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.04.12 11:27:00 -
[95]
Originally by: IkillYOUpainuffly I suggest you have a Dyslexia test.
God damnit Alec. You keep opening yourself up to some really nasty attacks. You just be glad I don't take all the low-hanging fruit.
So well, let me address the major flaws:
1. The hourly interest rate. It's going to hurt you in the long run. 2. The PR aspect. Oh gawd. 3. The trust aspect.
That's the 3 major flaws.
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Selina Candor
Chernobyl Trading Corporation
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Posted - 2009.04.12 11:32:00 -
[96]
I had the terrible mental image of Alec telling LV 'Oh behave' ala Austin Powers.
You got off on a very bad footing Alec but lets see if whether you can address the issues raised in your white paper.
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Ricdics
Tleilex Developments Dara Cothrom
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Posted - 2009.04.12 11:39:00 -
[97]
Is there some special meaning for "White Paper" that I am missing?
Alec can you address the questions people asked in the past 3 pages please? |
HawkBlade
Minmatar The Higher Standard Virtue of Selfishness
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Posted - 2009.04.12 12:25:00 -
[98]
Originally by: IkillYOUpainuffly I HATE THESE FORUMS This is my third character, he was originally a dare, with me being a pirate, now he just just holds a corp
So by process of elimination is Daquaris your second character? Or is he just a troll you hired to shill for you?
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Kazuo Ishiguro
House of Marbles Zzz
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Posted - 2009.04.12 12:46:00 -
[99]
I don't see why hourly compounding of interest is being brought up as such a major issue, especially to begin with, when there aren't too many customers. Even then, I expect there are ways around it - for example, might it not be possible to recalculate balances only when needed, leaving most of the database untouched most of the time? That said, it would probably be simpler to pay interest pro-rata.
The OP's bank certainly does not compare favourably with either of the two main banks. That said, I think there's plently of potential for improvement, and maybe even some space in the market. It would be interesting to see someone attempt to provide instant access accounts at rates between those of DBANK certificates of deposit and EBANK's savings accounts, i.e. 3-5% per month.
What I see here is someone with enough motivation and competence to at least get something started. I would strongly recommend that the OP finds a few other people to split the work of running the bank - PR, web design, investing, & withdrawals - and make it more resilient to a single person leaving. Some or most of them should be people known and trusted by the wider MD community.
--- 20:1 mineral compression ISRC Racing, Season 7 - schedule |
IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 12:52:00 -
[100]
Originally by: HawkBlade
Originally by: IkillYOUpainuffly I HATE THESE FORUMS This is my third character, he was originally a dare, with me being a pirate, now he just just holds a corp
So by process of elimination is Daquaris your second character? Or is he just a troll you hired to shill for you?
Post one, no you are wrong there, my active characters are:
IGBank Alec Alec V3 (this was mentioned earlier) IkillYouPainfully (I know this is spelt wrong I confess I am too lazy to check)
No Daquaris is a real customer of IGBank
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Ji Sama
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Posted - 2009.04.12 12:53:00 -
[101]
Originally by: IGBank Alec Edited by: IGBank Alec on 12/04/2009 10:58:00 Edited by: IGBank Alec on 12/04/2009 10:57:19
Yes I do have ADHD and Dyslexia and Aspergers, but that shouldnÆt be a problem, and I am not 15, not a minor at least not until tomorrow when I turn 16 :)
And a bad memory since this is the 4th time in this short thread that you mention this. WE DONT CARE...
Quote:
Now to formally address comments
This made me roflcopter... really you dont adress ****...
you the continue with you so called formal adressing...
Quote:
LV - Please behave yourself and stop being so arrogant, this isnÆt your bank its mine - go back to the EBANK thread, please take any alts you have trolling with you
Daiquiris - yes I remember being your CEO that was great. Good times.
I also remember "back then" just I started in Revelations II - think it was 836k SP, and 5,000 ISK The good old days, bloody isk inflation lol and a caracal, or cormorant was like a 2-7 day achievement.
And there were allot more bait cans, and allot more clutter at belts, remember the field of yellow mines - sucked
Yes, the bank is real. No you donÆt have to invest, you can listen to the others if you like, thereÆs over 125 trillion isk in eve, bet money IÆd never see your "30 billion that no-one sees ever" in my bank anyway, all you sceptics
Yes I have run this through a spell checker
Please Post your questions here ill do my best to answer them as best I can :)
Alec added my name at bottom
what does this have to do with the bank? and formal answering....
why should we trust you? why do you offer lower interest that your competitors? why do you spam jita local? will you let us audit all your accounts?
i find it somewhat suspicious that an unknown, that tries to tie himself with lavista and backs up your claim, ignorant of the fact that this smells like a scam...
IM NOT SAYING YOUR SCAMMING.
i am saying that your behaviour is that of a scammer..
your young ye, imo this is way over your head... hourly interest? you need to get rid of that, you might think it sounds like a good idea, but it isnt... even daily interest is a hazzle... and if your that short sighted, (read: the customer) then you shouldnt put your money in a bank imo...
well.. i wouldnt touch this ever.. but good luck with it anyways! This is a signature not related to EVE |
Estel Arador
Minmatar Estel Arador Corp Services
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Posted - 2009.04.12 12:55:00 -
[102]
Originally by: IGBank Alec IkillYouPainfully (I know this is spelt wrong I confess I am too lazy to check)
Laziness generally is not something which makes people more eager to give you their money...
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Ji Sama
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Posted - 2009.04.12 12:59:00 -
[103]
Originally by: HawkBlade
Originally by: IkillYOUpainuffly I HATE THESE FORUMS This is my third character, he was originally a dare, with me being a pirate, now he just just holds a corp
So by process of elimination is Daquaris your second character? Or is he just a troll you hired to shill for you?
this! This is a signature not related to EVE |
IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 12:59:00 -
[104]
Originally by: Kazuo Ishiguro I don't see why hourly compounding of interest is being brought up as such a major issue, especially to begin with, when there aren't too many customers. Even then, I expect there are ways around it - for example, might it not be possible to recalculate balances only when needed, leaving most of the database untouched most of the time? That said, it would probably be simpler to pay interest pro-rata.
The OP's bank certainly does not compare favourably with either of the two main banks. That said, I think there's plently of potential for improvement, and maybe even some space in the market. It would be interesting to see someone attempt to provide instant access accounts at rates between those of DBANK certificates of deposit and EBANK's savings accounts, i.e. 3-5% per month.
What I see here is someone with enough motivation and competence to at least get something started. I would strongly recommend that the OP finds a few other people to split the work of running the bank - PR, web design, investing, & withdrawals - and make it more resilient to a single person leaving. Some or most of them should be people known and trusted by the wider MD community.
Firstly My point entirely, At this small stage what we have inst a problem (almost 3 thousand interest calculations) and with the way the system works I am proud to say, this should never be a problem, as it actively updates different people, rather then doing it all at once, this is my attempt to minimize said latency & stress on the server
Not sure what OP stands for lol, nor MD, sorry, if these could be explained.
Your last point - most defiantly, there are two others with me IGBank Koonto And Arisalis (donÆt quote me on spelling) - he has yet to create an IGBank Character.
Thanks for being open, I admit, this initial forum idea didnÆt go to plan. It was a:
Hey everyone I've got a great idea û A bank ---> (Moan groan *****) ---> O god I didnÆt think (and thus prepare for) this - PANIC
So I like to think I am amending that now.
Someone touched up on white papers; this is a term for documentation thatÆs all
Alec ps. again this has been run through a spell check :)
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Ji Sama
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Posted - 2009.04.12 13:02:00 -
[105]
Originally by: IGBank Alec
Originally by: Kazuo Ishiguro I don't see why hourly compounding of interest is being brought up as such a major issue, especially to begin with, when there aren't too many customers. Even then, I expect there are ways around it - for example, might it not be possible to recalculate balances only when needed, leaving most of the database untouched most of the time? That said, it would probably be simpler to pay interest pro-rata.
The OP's bank certainly does not compare favourably with either of the two main banks. That said, I think there's plently of potential for improvement, and maybe even some space in the market. It would be interesting to see someone attempt to provide instant access accounts at rates between those of DBANK certificates of deposit and EBANK's savings accounts, i.e. 3-5% per month.
What I see here is someone with enough motivation and competence to at least get something started. I would strongly recommend that the OP finds a few other people to split the work of running the bank - PR, web design, investing, & withdrawals - and make it more resilient to a single person leaving. Some or most of them should be people known and trusted by the wider MD community.
Firstly My point entirely, At this small stage what we have inst a problem (almost 3 thousand interest calculations) and with the way the system works I am proud to say, this should never be a problem, as it actively updates different people, rather then doing it all at once, this is my attempt to minimize said latency & stress on the server
Not sure what OP stands for lol, nor MD, sorry, if these could be explained.
Your last point - most defiantly, there are two others with me IGBank Koonto And Arisalis (donÆt quote me on spelling) - he has yet to create an IGBank Character.
Thanks for being open, I admit, this initial forum idea didnÆt go to plan. It was a:
Hey everyone I've got a great idea û A bank ---> (Moan groan *****) ---> O god I didnÆt think (and thus prepare for) this - PANIC
So I like to think I am amending that now.
Someone touched up on white papers; this is a term for documentation thatÆs all
Alec ps. again this has been run through a spell check :)
so youll let us audit on these 3000 accounts?
a...u....d...i...t? This is a signature not related to EVE |
IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 13:02:00 -
[106]
Originally by: Ji Sama
Originally by: IGBank Alec Edited by: IGBank Alec on 12/04/2009 10:58:00 Edited by: IGBank Alec on 12/04/2009 10:57:19
Yes I do have ADHD and Dyslexia and Aspergers, but that shouldnÆt be a problem, and I am not 15, not a minor at least not until tomorrow when I turn 16 :)
And a bad memory since this is the 4th time in this short thread that you mention this. WE DONT CARE...
Quote:
Now to formally address comments
This made me roflcopter... really you dont adress ****...
you the continue with you so called formal adressing...
Quote:
LV - Please behave yourself and stop being so arrogant, this isnÆt your bank its mine - go back to the EBANK thread, please take any alts you have trolling with you
Daiquiris - yes I remember being your CEO that was great. Good times.
I also remember "back then" just I started in Revelations II - think it was 836k SP, and 5,000 ISK The good old days, bloody isk inflation lol and a caracal, or cormorant was like a 2-7 day achievement.
And there were allot more bait cans, and allot more clutter at belts, remember the field of yellow mines - sucked
Yes, the bank is real. No you donÆt have to invest, you can listen to the others if you like, thereÆs over 125 trillion isk in eve, bet money IÆd never see your "30 billion that no-one sees ever" in my bank anyway, all you sceptics
Yes I have run this through a spell checker
Please Post your questions here ill do my best to answer them as best I can :)
Alec added my name at bottom
what does this have to do with the bank? and formal answering....
why should we trust you? why do you offer lower interest that your competitors? why do you spam jita local? will you let us audit all your accounts?
i find it somewhat suspicious that an unknown, that tries to tie himself with lavista and backs up your claim, ignorant of the fact that this smells like a scam...
IM NOT SAYING YOUR SCAMMING.
i am saying that your behaviour is that of a scammer..
your young ye, imo this is way over your head... hourly interest? you need to get rid of that, you might think it sounds like a good idea, but it isnt... even daily interest is a hazzle... and if your that short sighted, (read: the customer) then you shouldnt put your money in a bank imo...
well.. i wouldnt touch this ever.. but good luck with it anyways!
Ace glad you donÆt care thanks (about the "disability" thing:)
Way over my head, live and you learn mate, live and learn. atm I think IÆve grasped interest, moving on to the next thing :)
Just give me a chance, ill show you I am mature enough
Alec. Again ran through a spellcheck
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 13:09:00 -
[107]
Edited by: IGBank Alec on 12/04/2009 13:09:12
Originally by: Ji Sama
Originally by: IGBank Alec
Originally by: Kazuo Ishiguro I don't see why hourly compounding of interest is being brought up as such a major issue, especially to begin with, when there aren't too many customers. Even then, I expect there are ways around it - for example, might it not be possible to recalculate balances only when needed, leaving most of the database untouched most of the time? That said, it would probably be simpler to pay interest pro-rata.
The OP's bank certainly does not compare favourably with either of the two main banks. That said, I think there's plently of potential for improvement, and maybe even some space in the market. It would be interesting to see someone attempt to provide instant access accounts at rates between those of DBANK certificates of deposit and EBANK's savings accounts, i.e. 3-5% per month.
What I see here is someone with enough motivation and competence to at least get something started. I would strongly recommend that the OP finds a few other people to split the work of running the bank - PR, web design, investing, & withdrawals - and make it more resilient to a single person leaving. Some or most of them should be people known and trusted by the wider MD community.
Firstly My point entirely, At this small stage what we have inst a problem (almost 3 thousand interest calculations) and with the way the system works I am proud to say, this should never be a problem, as it actively updates different people, rather then doing it all at once, this is my attempt to minimize said latency & stress on the server
Not sure what OP stands for lol, nor MD, sorry, if these could be explained.
Your last point - most defiantly, there are two others with me IGBank Koonto And Arisalis (donÆt quote me on spelling) - he has yet to create an IGBank Character.
Thanks for being open, I admit, this initial forum idea didnÆt go to plan. It was a:
Hey everyone I've got a great idea û A bank ---> (Moan groan *****) ---> O god I didnÆt think (and thus prepare for) this - PANIC
So I like to think I am amending that now.
Someone touched up on white papers; this is a term for documentation thatÆs all
Alec ps. again this has been run through a spell check :)
so youll let us audit on these 3000 accounts?
a...u....d...i...t?
Okay my router is playing up so i may have posted twice when my router betrayed me, and had the refresh button on its side, sorry if thereÆs two identical posts
In answer to this:
No, no not 3,000 accounts, 3,000 interest logs, this means 3,000 interest calculations on accounts. Sorry if I wasnÆt clear enough
Alec. If you have a suggestion for a third party that can audit this log, I am happy to give them database access for a few. Speellchecked
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Ji Sama
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Posted - 2009.04.12 13:10:00 -
[108]
rgr that 3000 interest calculations mybad... thats 24 per day per account... and you have been operating for how long? This is a signature not related to EVE |
IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 13:18:00 -
[109]
Originally by: Ji Sama rgr that 3000 interest calculations mybad... thats 24 per day per account... and you have been operating for how long?
Let me just work some SQL stuff and ill tell you :)
Its not necessarily done 24 times a day per account, only if the accounts balance != (not equal) to 0 and if they have an interest rate Back too the 24 hour thing, they are done when they are needed, for example people of a certain time zone, or who visit at certain times of the day, get thereÆs done as needed, before the get on, but not like by 12 hours, I like to think because of this that our server is pretty resilient to mass-account attacks
Same with deposits, its not checked every 15 minutes, only if someone goes onto the site and it hasnÆt checked for 15 minutes since the last check.
The exact amount of interest records is: Ill post this later, my router is playing up and I am using my phone (consequently the site is down, this is not a regular occurrence, sorry guys) I shall post it later Honest. Ill also post how many accounts I shall also make a statistics page on the site to show all of this when the site is up and I have time Alec Again spell checked
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 13:26:00 -
[110]
Originally by: Ji Sama rgr that 3000 interest calculations mybad... thats 24 per day per account... and you have been operating for how long?
Right 2995 Interest Calculations Across 30 accounts (not accounting for when they were created this is interest bearing accounts)
Alec Spell checked
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Ricdic
Caldari
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Posted - 2009.04.12 13:27:00 -
[111]
Is there anyone else who can do the speaking? |
IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 13:29:00 -
[112]
Originally by: Ricdic Is there anyone else who can do the speaking?
No; just me, as it is my project. I wont pin this on anyone else :)
Alec Spell checked
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Ricdic
Caldari
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Posted - 2009.04.12 13:31:00 -
[113]
I would pay someone to be the voice in here. Your spelling is ok but I really don't understand most of the things you are saying |
LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.04.12 13:32:00 -
[114]
Originally by: IGBank Alec consequently the site is down, this is not a regular occurrence, sorry guys)
Isn't that ironic.
That was one of the first issues I even addressed at the start of this thread.
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 13:33:00 -
[115]
Originally by: Ricdic I would pay someone to be the voice in here. Your spelling is ok but I really don't understand most of the things you are saying
Not much I can do about that sorry. Alec Spell checked
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 13:35:00 -
[116]
Originally by: LaVista Vista
Originally by: IGBank Alec consequently the site is down, this is not a regular occurrence, sorry guys)
Isn't that ironic.
That was one of the first issues I even addressed at the start of this thread.
Yes very Ironic
It happens no ISP is perfect, especially not British telecomm
Alec Spell checked Note: not sure on the spelling in BTÆs name
Spellchecked
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Viktor Raybach
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Posted - 2009.04.12 13:44:00 -
[117]
Edited by: Viktor Raybach on 12/04/2009 13:44:56 Alec, a number of people have posted questions and comments throughout this thread. While i'm sure this is going to all on deaf ears, it would do much for your credibility to go back through the thread and address many of those questions and comments.
Fundamentally you've still not addressed the most basic issue of all:
Why should anyone use your bank when both ebank and dbank offer better features, reliability and/or interest rates?
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 13:49:00 -
[118]
Originally by: Viktor Raybach Edited by: Viktor Raybach on 12/04/2009 13:44:56 Alec, a number of people have posted questions and comments throughout this thread. While i'm sure this is going to all on deaf ears, it would do much for your credibility to go back through the thread and address many of those questions and comments.
Fundamentally you've still not addressed the most basic issue of all:
Why should anyone use your bank when both ebank and dbank offer better features, reliability and/or interest rates?
Actually we have higher interest rates then EBANK - no I am not going back - left that behind me, feel free to ask questions though
Reliability - well they were new once
I canÆt prove to you this is a scam, I can only tell you it isnÆt I have my GCSE's going on - I have to spend allot of time revising, I the fore, cant spend as much time as IÆd like on the site IÆve made it work - not look shiny. IÆve never heard of DBANK - well never actually seen there site or anything, I would love 'Linkage' there. I agree, with the credibility thing, but I am not reading back - I am pretending that didnÆt happen XD
Alec Spell checked
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Ray McCormack
hirr
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Posted - 2009.04.12 13:54:00 -
[119]
Answer the questions. Go through each post of the first four pages and answer each one individually. Drop the attitude. Amalgamate your answers into two or three posts. Do that, then I'll pay some more attention (no pun intended) to this.
| Auction http://www.eveonline.com/ingameboard.asp?a=topic&threadID |
LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.04.12 13:56:00 -
[120]
Quote: I have my GCSE's going on - I have to spend allot of time revising, I the fore, cant spend as much time as IÆd like on the site
Then maybe you should consider either getting help or maybe reconsider your priorities.
Quote: IÆve made it work - not look shiny.
That it works is hardly enough. If it's awful to use the bank, then you will fail.
Quote: IÆve never heard of DBANK - well never actually seen there site or anything, I would love 'Linkage' there.
In that case, you haven't done your homework.
Quote: I agree, with the credibility thing, but I am not reading back - I am pretending that didnÆt happen XD
Damn, seriously. You can't hide from it man. That makes you look childish.
Quote: Spell checked
Maybe you shouldn't advertise that you need a spellchecker in order to make sense. Just sayin'
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Kazuo Ishiguro
House of Marbles Zzz
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Posted - 2009.04.12 14:05:00 -
[121]
Originally by: IGBank Alec Not sure what OP stands for lol, nor MD, sorry, if these could be explained.
OP = original poster, MD = market discussions forum
Quote: Your last point - most defiantly, there are two others with me IGBank Koonto And Arisalis (donÆt quote me on spelling) - he has yet to create an IGBank Character.
I suggest they post here, to confirm their involvement, and to explain in their own words what it is that they do. --- 20:1 mineral compression ISRC Racing, Season 7 - schedule |
Viktor Raybach
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Posted - 2009.04.12 14:06:00 -
[122]
Edited by: Viktor Raybach on 12/04/2009 14:09:59 Edited by: Viktor Raybach on 12/04/2009 14:08:52 I suggested ways to improve your credibility, instead you decided to continue to lower it:
Originally by: IGBank Alec
Actually we have higher interest rates then EBANK - no I am not going back - left that behind me, feel free to ask questions though
And the other points and the fact I spoke of banks (plural - there are two succesful public banks in the game)? I'm sure you noticed the and/or and equally sure you chose to simply focus on one point. Selective answering doesn't help your credibility, instead it makes you look evasive.
Likewise, just because you want to ignore the past doesn't mean customers and investors do. But, given that's what you're going to do and to put your last point in that paragraph to the test I'll just post everything that's come up before so you can readdress them in your newfound spirit of open business.
Originally by: IGBank Alec
Reliability - well they were new once
Evidently you didn't do as I suggested and look into how Ebank launched.
Originally by: IGBank Alec
I have my GCSE's going on - I have to spend allot of time revising, I the fore, cant spend as much time as IÆd like on the site
This is not an encouraging announcement to make regarding confidence in reliability. Moreover, frankly, if you're doing your GCSEs you should be working on them rather than eve. Though of course they're far easier than they used to be etc etc.
Originally by: IGBank Alec
IÆve never heard of DBANK - well never actually seen there site or anything, I would love 'Linkage' there.
Linkage
Originally by: IGBank Alec
I agree, with the credibility thing, but I am not reading back - I am pretending that didnÆt happen XD
Just because you're pretending it didn't happen doesn't make that the case. Plato's cave is not how the world works.
Originally by: YunFu Yan What qualifies you to run a bank? Personally, I had a fair few semesters of business economics, yet I wouldn't claim to be qualified.
<snip, answered>
You got your maths straight from what it looks like and you got a few ideas for features. The main question though is: How are you planning to cover your liabilities?
Originally by: Viktor Raybach
I can find any Jita scammer able to produce 3-4 people who claim to have been given double their money, just as their testimonials are worthless, so might those from your channel be. How about you start testifying as to these dealings and have reputable individuals coming forward to confirm them?
On a billion isk you're offering 4k more a day than the first succesful bank in Eve which holds over 2 trillion isk of public money?
Do you seriously think that this is competitive, are you aware of the typical business practices of new companies going into an established market and how they compete with their older, more well-known competitors?
Note, offering interest on an hourly basis makes no difference when you're barely, barely above that of Ebank and are significantly below that of Dbank.
Why should I pull my money from Dbank which is offering significantly higher interest rates than your putative bank?
Why should I deposit the money sitting in my wallet with you rather than Ebank where I have an insignificant risk compared with the highly significant risk of losing a couple of billion to an unknown venture?
Assuming you are serious about wanting to get involved in the tertiary market, I'd highly suggest going through the forum, looking for ventures you can invest in and get better known via your commentary rather than elaborate and over ambitious ventures.
Originally by: HawkBlade
You need us, we don't need you.[/justify]
Just a handful of the many past questions and comments that should have been addressed if you wanted public money deposited into your accounts.
If you cannot be bothered to answer the comments and questions thread why should anyone trust you?
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 14:08:00 -
[123]
Originally by: LaVista Vista
Quote: I have my GCSE's going on - I have to spend allot of time revising, I the fore, cant spend as much time as IÆd like on the site
Then maybe you should consider either getting help or maybe reconsider your priorities.
Quote: IÆve made it work - not look shiny.
That it works is hardly enough. If it's awful to use the bank, then you will fail.
Quote: IÆve never heard of DBANK - well never actually seen there site or anything, I would love 'Linkage' there.
In that case, you haven't done your homework.
Quote: I agree, with the credibility thing, but I am not reading back - I am pretending that didnÆt happen XD
Damn, seriously. You can't hide from it man. That makes you look childish.
Quote: Spell checked
Maybe you shouldn't advertise that you need a spellchecker in order to make sense. Just sayin'
Right firstly I did mention I have ADHD - consequently I donÆt need much sleep, a week without sleep is not too big of a deal with me, I think its great, not waiting time asleep. Consequently I have quite allot of time, I can revise and do pretty much w/e in this time, however I cannot use my computer, I am confined to my laptop, which kind of sucks, so I do my revision under lamp-light then.
Arisalis is going to help/make is look shiny as its his job (although he works with asp, not php - so should be interesting) IÆve also got a reference - no apart of IGBank - helping me with the websites presentation in terms of speed and whatnot
Homework on DBANK - ill follow my nose with regards to competition, as it is I have caused a fuss - you and Ricdic here, and Selyne earlier - I am honoured that a 2 trillion isk bank even looked at the thread for my meagre 1.25 billion isk bank (ATM)
I am a kid - nearly 16 though - but I can be childish, just not with peopleÆs isk - I understand that and I donÆt see how going back there and answering questions will help anyone
Spellchecker, I am just using MS word, I am saying iÆve done it to show I am making an effort.
Alec Spell checked
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 14:11:00 -
[124]
Originally by: Kazuo Ishiguro
Originally by: IGBank Alec Not sure what OP stands for lol, nor MD, sorry, if these could be explained.
OP = original poster, MD = market discussions forum
Quote: Your last point - most defiantly, there are two others with me IGBank Koonto And Arisalis (donÆt quote me on spelling) - he has yet to create an IGBank Character.
I suggest they post here, to confirm their involvement, and to explain in their own words what it is that they do.
Ill send a note, Ari is on holiday though... but he's real :) lol Thanks for the OP and MD thing btw Alec Spell checked
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 14:23:00 -
[125]
CanÆt fit that massive quote in sorry but basically:
Why should you come to us, over EBANK, when they already have a rep, I donÆt know try something new, get interest on the hour, get more interest (I know its not much but we are new)
Now you said this: This is not an encouraging announcement to make regarding confidence in reliability. Moreover, frankly, if you're doing your GCSEs you should be working on them rather than eve. Though of course they're far easier than they used to be etc.
ThatÆs tricky, as the GCSE's we take compared to yours require us to think and use stored facts to work out answers, called case-studies, as opposed to just spewing out answers onto a sheet of paper, so no they are not easier, they've changed.
Did you suggest it? Sorry, I shall look at it at some point
It did happen, but I am not going back to that ***** fest lol
What qualifies me to run a bank, I donÆt know I donÆt even have any GCSE's
I feel we are back to questions about me, not about the bank again now, I am qualified to run this bank, IGBank, because I am young and fresh, and wont run off with a ú600,000+ / year from it (joke about RBS) - although IÆd love a pension like that =p Hopefully I will go that far in life
Once again, why us over EBANK, I have no clue, go to them if you want, I am competition, try it, or donÆt, I donÆt really know what to say here.
EBANK has more staff, longer going, faster site, better site, etc. so go for it, invest in EBANK, if you want to, and I am not going to decide for you.
I am mealy posting on the forums in the hope of getting IGBank noticed and used, so eventually we will be serous competition to EBANK and DBANK.
Alec Spell checked
Ps sorry if I missed any questions in your post
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 14:45:00 -
[126]
I must say its gone very silent now....
Alec Not Spell cheked
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.04.12 14:57:00 -
[127]
Originally by: IGBank Alec I must say its gone very silent now....
Alec Not Spell cheked
Maybe people have better things to do than bashing you
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 14:59:00 -
[128]
Originally by: LaVista Vista
Originally by: IGBank Alec I must say its gone very silent now....
Alec Not Spell cheked
Maybe people have better things to do than bashing you
Evidently not you
Alec Spell Checked
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Viktor Raybach
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Posted - 2009.04.12 15:03:00 -
[129]
So, summing up your responses:
The reason to use IG-Bank over Ebank is that it has a different coporate ticker, doesn't offer any of the features or reliability of Ebank but does offer a fractionally higher interest rate.
The reason to use IG-bank over DBank is that it has a different corporate ticker, doesn't offer any of the features or reliability of DBank and offers a significantly lower interest rate.
You might want to find some incentive other than 'we're different' if you hope to grow.
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Manalapan
Dynasty Banking
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Posted - 2009.04.12 15:07:00 -
[130]
Originally by: IGBank Alec
Originally by: Ricdic I would pay someone to be the voice in here. Your spelling is ok but I really don't understand most of the things you are saying
Not much I can do about that sorry. Alec Spell checked
I would most definitely advise that you do rethink this statement. I pay someones (plural) to talk for me or at the very least proof and edit any official statements (The last report is an exception kind of rushed that out the door). This is important for a few reason's 1) No emotional responses. 2) Everyone can understand the response. 3) It looks and sounds intellectual. I would definitely encourage you to look into hiring someone to take up this role.
Originally by: IGBank Alec CanÆt fit that massive quote in sorry but basically: Why should you come to us, over EBANK, when they already have a rep, I donÆt know try something new, get interest on the hour, get more interest (I know its not much but we are new)
[..........]
I am mealy posting on the forums in the hope of getting IGBank noticed and used, so eventually we will be serous competition to EBANK and DBANK.
Alright, I still feel unloved in all of this, but you did say that you were doing your homework in the post prior. You might want to look at developing a nice pretty website full of features (use EBANK and DBANK to get ideas and contrasts) to help you with this. Also, might want to look at adjusting your rates just to get yourself off the ground (you can always lower your interest rates).
Dynasty Banking |
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 15:24:00 -
[131]
Originally by: Manalapan
Originally by: IGBank Alec
Originally by: Ricdic I would pay someone to be the voice in here. Your spelling is ok but I really don't understand most of the things you are saying
Not much I can do about that sorry. Alec Spell checked
I would most definitely advise that you do rethink this statement. I pay someones (plural) to talk for me or at the very least proof and edit any official statements (The last report is an exception kind of rushed that out the door). This is important for a few reason's 1) No emotional responses. 2) Everyone can understand the response. 3) It looks and sounds intellectual. I would definitely encourage you to look into hiring someone to take up this role.
Originally by: IGBank Alec CanÆt fit that massive quote in sorry but basically: Why should you come to us, over EBANK, when they already have a rep, I donÆt know try something new, get interest on the hour, get more interest (I know its not much but we are new)
[..........]
I am mealy posting on the forums in the hope of getting IGBank noticed and used, so eventually we will be serous competition to EBANK and DBANK.
Alright, I still feel unloved in all of this, but you did say that you were doing your homework in the post prior. You might want to look at developing a nice pretty website full of features (use EBANK and DBANK to get ideas and contrasts) to help you with this. Also, might want to look at adjusting your rates just to get yourself off the ground (you can always lower your interest rates).
I am good thanks, just following my nose, keeping isk safe, and paying out interest atm
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 15:46:00 -
[132]
Originally by: Viktor Raybach So, summing up your responses:
The reason to use IG-Bank over Ebank is that it has a different coporate ticker, doesn't offer any of the features or reliability of Ebank but does offer a fractionally higher interest rate.
The reason to use IG-bank over DBank is that it has a different corporate ticker, doesn't offer any of the features or reliability of DBank and offers a significantly lower interest rate.
You might want to find some incentive other than 'we're different' if you hope to grow.
Cant think of anything else off the top of my head no
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Hexxx
Minmatar
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Posted - 2009.04.12 15:55:00 -
[133]
Edited by: Hexxx on 12/04/2009 15:55:55 I've stayed out this on purpose, but I'll make a comment now that things haven't moved along far enough.
Alec, you've got determination, I can appreciate that and what you're trying to do. Moving forward you need to show determination and the ability to listen to feedback.
Using a spellchecker is a good demonstration of your ability to learn from feedback and act on feedback. If you want to actually succeed you need to continue and develop this ability and demonstrate a commitment to it.
If you can't learn from your mistakes you have no place in the MD.
A secondary point; criticism and feedback are difficult to receive. It is even more difficult the younger you are. Naturally this is a concern to those in the community....so your responses are often evaluated on the basis of how you react.
Please think about what I just said. I also recommend reading it two or three times, it's important that you understand the points I just made.
edit: typos
EBANK - Chairman of the Board | www.eve-bank.net
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Sir Elliot
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Posted - 2009.04.12 17:20:00 -
[134]
I really wish we would let this obvious scam thread die a horrible death.
Obvious scam is obvious.
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Permadocked Panda
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Posted - 2009.04.12 17:56:00 -
[135]
Originally by: Sir Elliot I really wish we would let this obvious scam thread die a horrible death.
Obvious scam is obvious.
Pretty sure we can sum up the original thought in one line:
"Gib iskies, i wants dem"
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Alec V3
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Posted - 2009.04.12 18:27:00 -
[136]
Honnistly guys its not a scam, i only wish you knew that, its so weird sitting here thinking "but its not" but you are there saying Obvous Scam
lol
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Dagda Morr
Seppuku Warriors
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Posted - 2009.04.12 19:09:00 -
[137]
Edited by: Dagda Morr on 12/04/2009 19:09:15 Hi there,
You've still not given much in the way of an explanation about how you are planning to generate enough return on the (hoped for) sudden influx of business. Both Ebank and Dbank generate a significant amount of the interest payments through trade and market manipulations meaning they are not over exposed to loan defaults.
If (for the sake of argument) everyone ignored all the crap that's already gone on in this thread and you got deposits of 100+ billion, are you capable of generating the 210M per hour that would be required to make the payments. If you were ill or out of the game for a week or two, do you have the team in place that could continue to generate sufficient funds? You need to demonstrate that you and your colleagues are capable of generating these returns - if not people will be assuming this is a ponzi scam.
How much of a cash reserve (not player deposits) do you have that could be used to cover any bad debts or sudden withdrawals - in effect if you get 100 billion in deposits and they are sunk into whatever money-making venture you operate, do you have the reserves to cover several large deposits coming close togethier.
What internal security and audit procedures do you have to prevent fraud - what sort of reports will you be publishing for the MD community to inspect, and what arrangements have you made/ will make for external auditing?
Can I ask why you and your colleagues have had do little involvement with the MD community before deciding to start a bank. I would have expected you to have successfully run a few smaller bonds before launching an enterprise of this magnitude. Player trust is the most valuable commodity in EVE, and you are launching your business with almost none. It's true that the other banks were both new once, but they had people which were already trusted members of the MD community
*edited for spelling mistake
Please resize sig to a maximum of 400 x 120 - Mitnal
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Kazuo Ishiguro
House of Marbles Zzz
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Posted - 2009.04.12 19:15:00 -
[138]
Alec, one more suggestion - rather than dragging posts through word to spellcheck them, you might prefer this firefox plugin. --- 20:1 mineral compression ISRC Racing, Season 7 - schedule |
SI Trades
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Posted - 2009.04.12 19:34:00 -
[139]
Being dyslexic myself. The original post really bugged me.
Copy and paste into word, run spell checker. Then there may be a few words spelt wrong that you cant work out, that's fine, there may also be a few wrong words, that's fine to.
But dyslexic is no excuses for spelling words like 'the' wrong. Just means you cant be bothered running it though a spell checker.
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 20:47:00 -
[140]
Right atm i am searching for a guy to do PR for us. so you are not stuck with me.
ill answer your questions later tonight
Current questions: How do we make money
Ive got the firefox plugin, but its not as good as ms word, and youve got a check all function in word
Alec sorry about lack of spellcheck puntuation and grammer, i am rushing atm
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Ray McCormack
hirr
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Posted - 2009.04.12 20:49:00 -
[141]
Considering you haven't taken the time to answer a single pertinent question in this thread I request it be locked for the troll post it is. You've had your fifteen, go back to Jita.
| Auction http://www.eveonline.com/ingameboard.asp?a=topic&threadID |
The ChurchWarden
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Posted - 2009.04.12 20:53:00 -
[142]
Edited by: The ChurchWarden on 12/04/2009 20:55:55 So I've been watching this thread for awhile but the MD populace has really been spot on with comments, questions, and advice. As this begins to slowly wind down, or so it seems I thought I'd come in and offer you some small advice on how to realistically salvage not only IGBank's name but your own reputation.
1 - I would continue to answer questions on the forum but close your bank for a time while it goes through an overhaul of both a business plan and a webpage. [Including returning all ISK + Interest]
I know this seems like giving up but a restructure and new launch can do alot for showing not only determination but wisdom.
2 - Find the staff before you relaunch. Surround yourself with people you trust but also people you trust to tell you when your wrong. If you had a group of people who worked with you one of them may have pulled you aside during the start of the PR nightmare and helped you weather the storm. Having one with the re-launch will help.
3 - Going to pop back to #1 and say you need to restructure. You need to look at Dbank very hard as they were the first bank to come out after Ebank and succeed in attracting people to invest with them. This is key you need to find why people went to them instead of Ebank. Also having a database that can calculate interest is one thing but having the ability to generate the interest is quite another. This is something you'd want to explore fully in the restructuring.
Anyway I really hope you make it and I hope if you don't take my advice you atleast take the advice of the MD regulars. Hardwork and determination can salvage your bank, albeit this will always be a black mark on it's history.
-Spelling errors =P : Edit
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Ray McCormack
hirr
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Posted - 2009.04.12 21:03:00 -
[143]
And you forgot:
4 - Audit.
5 - Audit.
6 - Finding someone that cares enough to help you run a nkab.
7 - Cheapshots!
8 - Nudey pics.
9 - Audit.
10 - Someone that cares!
11 - Spell check. (Spellcheck is not one word!)
12 - Nor is cheap shots.
13 - There is no such word as Nudey, nor ingame.
| Auction http://www.eveonline.com/ingameboard.asp?a=topic&threadID |
Ms Delerium
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Posted - 2009.04.12 21:06:00 -
[144]
I suggest a "who the hells cares" mentality.
As expected, this guy got flamed just cause the "market gurus" 23/7 forum browsers think they are better than everyone else.
Originally by: Kazuo Ishiguro I would strongly recommend that the OP finds a few other people to split the work of running the bank - PR, web design, investing, & withdrawals - and make it more resilient to a single person leaving. Some or most of them should be people known and trusted by the wider MD community.
Another evidence... ROFLMAO? What is this? A sect? Realize of this: MD IS NOT THE EVE COMMUNITY. MD is, instead, a group of 20-30 dudes who may think they are superior or something, but they arent. And then a few hundreds of normal visitors who sometimes read it for fun or infos/advices.
Think twice, this is a game right?
- Not everyone is forced to be a MD master user. Not even need to post on the forums. Game is run by a client: Eve.exe
- There are another banks with better interests? Right then go invest on them. I see this like ingame market: many, many people buy items 50% more expensive than there are over other regions, or sell for -50%... for several reasons.
- The guy is starting, obviously he wont be as competitive as other banks. He has much, much to learn. And? There are thousands of level 1 mission runners, they also need to learn and some day they will do level 4 and even 5. But they need to start from the beginning, lvl5 missioners wont tell them to quit! Will they?
- Real life age, social status, sex, religion, or medical issues have nothing to do with gaming ability.
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Ray McCormack
hirr
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Posted - 2009.04.12 21:13:00 -
[145]
Originally by: Ms Delerium Realize of this: MD IS NOT THE EVE COMMUNITY. MD is, instead, a group of 20-30 dudes who may think they are superior or something, but they arent. And then a few hundreds of normal visitors who sometimes read it for fun or infos/advices. MD is a very, very little portion of EVE players. Maybe 0.1%
Then why post here if we're so insignificant?
| Auction http://www.eveonline.com/ingameboard.asp?a=topic&threadID |
corestwo
Goonfleet Investment Banking
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Posted - 2009.04.12 21:14:00 -
[146]
Edited by: corestwo on 12/04/2009 21:14:31
Originally by: Ms Delerium - Real life age, social status, sex, religion, or medical issues have nothing to do with gaming ability.
Age: LVV to the contrary, many younger players are less mature; this is a fact of life. Social status: No comment here, aside from the fact that less well off people may not be playing eve. Sex: Touchy one but often times female gamers really get into things, perhaps to make up for the supposed lack of ability. Religion: yeah not really. Medical issues: Beg to differ on this. Someone with ADD might be too easily distracted to handle the details of something like running a bank. On the other hand, it might work the opposite way if it's something they're genuinely interested in, to the point where they hyperfocus and work out every little detail; works that way with me, although I can't say whether it's ADD or a personality trait...maybe some of both.
To the rest of your post - like it or not, the residents of MD, or more specifically, the "20 or 30" you mentioned, are "better than everyone else" when it comes to things like this. They've demonstrated a level of trust and knowledge over the years, and if this fellow wants them to invest in him, or wants them to say "yeah looks good", he'll have to meet their standards. Again, like it or not. ------------- Goonfleet Investment Banking - Bringing you the spoils of Delve!
Search Corestwo and Goonfleet Investment Banking under "issued by" on contracts for the current item list! |
Estel Arador
Minmatar Estel Arador Corp Services
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Posted - 2009.04.12 21:16:00 -
[147]
Originally by: Ms Delerium OP: I suggest a "who the hells cares" mentality towards EVE forums. Just care about ingame opinions from real players.
This is probably the worst advice given in this thread. The MD regulars have seen all of this before and know exactly what the pitfalls are and how such a business can succeed. Most have first-hand experience running banks or huge IPOs. Ignoring their experience is wasting a good resource.
Originally by: Ms Delerium Another evidence... ROFLMAO? What is this? A sect? Realize of this: MD IS NOT THE EVE COMMUNITY. MD is, instead, a group of 20-30 dudes who may think they are superior or something, but they arent. And then a few hundreds of normal visitors who sometimes read it for fun or infos/advices. MD is a very, very little portion of EVE players. Maybe 0.1%
And yet it is the place where most of the experience and most of the public money is. These people aren't self-proclaimed guru's, they've proven themselves to be good businessmen who know what they're doing and who can be trusted (the former might be found in the general community, but the latter is a lot harder).
Originally by: Ms Delerium The guy is starting, obviously he wont be as competitive as other banks.
There I was thinking that new businesses should try and get a market share by being competitive. If he's obviously not competitive, he shouldn't start a new business.
FREE! jumpclone service - NOW 192 locations! |
LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.04.12 21:17:00 -
[148]
Originally by: Ms Delerium
- Real life age, social status, sex, religion, or medical issues have nothing to do with gaming ability.
I'd NEVER let anybody with number blindness take care of my money.
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.04.12 21:32:00 -
[149]
Originally by: Estel Arador
Originally by: Ms Delerium OP: I suggest a "who the hells cares" mentality towards EVE forums. Just care about ingame opinions from real players.
This is probably the worst advice given in this thread. The MD regulars have seen all of this before and know exactly what the pitfalls are and how such a business can succeed. Most have first-hand experience running banks or huge IPOs. Ignoring their experience is wasting a good resource.
Originally by: Ms Delerium Another evidence... ROFLMAO? What is this? A sect? Realize of this: MD IS NOT THE EVE COMMUNITY. MD is, instead, a group of 20-30 dudes who may think they are superior or something, but they arent. And then a few hundreds of normal visitors who sometimes read it for fun or infos/advices. MD is a very, very little portion of EVE players. Maybe 0.1%
And yet it is the place where most of the experience and most of the public money is. These people aren't self-proclaimed guru's, they've proven themselves to be good businessmen who know what they're doing and who can be trusted (the former might be found in the general community, but the latter is a lot harder).
Originally by: Ms Delerium The guy is starting, obviously he wont be as competitive as other banks.
There I was thinking that new businesses should try and get a market share by being competitive. If he's obviously not competitive, he shouldn't start a new business.
Right jsut a quick update, again no spell checking
I didnt know about DBANK - we do want to be compeitive, but we cant quite yet, due to our very small state we are under 0.1% of ebanks capital, its that bad, i can admit it though
I probs relesed this too early i see that now, but rather then request it be locked, please let me see what i can do
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Frenden Dax
Dax Acquisitions
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Posted - 2009.04.12 22:02:00 -
[150]
Originally by: IGBank Alec I didnt know about DBANK - we do want to be compeitive, but we cant quite yet, due to our very small state we are under 0.1% of ebanks capital, its that bad, i can admit it though
I probs relesed this too early i see that now, but rather then request it be locked, please let me see what i can do
You know what you can do? You can stop posting and go away.
You didn't even bother to do the slightest bit of research on other banks. If you had, you would have encountered DBank; they're not exactly a fly-by-night outfit that started last week.
You complain that you can't be "compeitive" (spell check! USE IT) with EBANK and then cite as the reason the fact that you have less than a tenth of a percent of their capital. Besides the fact that it's a non sequitor, that should be an advantage and not a hindrance. Less capital to have to produce a return on means that it's easier for you to produce a return, and (initially anyways) you can offer higher rates as an incentive to gain new customers.
Get out. Go away. And please don't come back.
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Kwint Sommer
Caldari XERCORE No Apology
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Posted - 2009.04.12 22:24:00 -
[151]
Originally by: Ray McCormack Considering you haven't taken the time to answer a single pertinent question in this thread I request it be locked for the troll post it is. You've had your fifteen, go back to Jita.
I agree with Ray, the OP seems more interested in insulting the members of this forum than trying to salvage this smoldering wreck of a public offering. Please just lock the thread.
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Estel Arador
Minmatar Estel Arador Corp Services
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Posted - 2009.04.12 22:30:00 -
[152]
Originally by: IGBank Alec I didnt know about DBANK - we do want to be compeitive, but we cant quite yet, due to our very small state we are under 0.1% of ebanks capital, its that bad, i can admit it though
One of the things you might have learned on this forum is that it is easier to get good returns on smaller amounts of isk.
FREE! jumpclone service - NOW 192 locations! |
IGBANK ucntkilme
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Posted - 2009.04.12 22:49:00 -
[153]
Hello everyone,
I am the new public relations manager for the IGB. Any and all questions can be directed toward me, and I will get you an answer in a timely manner.
I have read through some of these pages, though with all of the quotes, was a little hard to follow. So we'll get this ball rolling right here, if you have any questions for me about the IGB feel free to ask.
Questions about our qualifications or ourselves will not be answered, this is not about us it is about the bank. So please limit your questions to those about the IGB itself.
Thank You.
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Estel Arador
Minmatar Estel Arador Corp Services
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Posted - 2009.04.12 22:51:00 -
[154]
Originally by: IGBANK ucntkilme Questions about our qualifications or ourselves will not be answered,
Considering this comment, I have some doubts regarding your qualifications as a PR manager.
FREE! jumpclone service - NOW 192 locations! |
IGBANK ucntkilme
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Posted - 2009.04.12 22:56:00 -
[155]
As with all corporations and companies, there is a certain level of anonanimity that we need to uphold.
However, as a PR Manager I assure you that I have more than adequite experience to handle all forms of criticism, and questions regarding the IGB, it's policies, and protocol.
Thank You.
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Frenden Dax
Dax Acquisitions
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Posted - 2009.04.12 23:01:00 -
[156]
Originally by: IGBANK ucntkilme As with all corporations and companies, there is a certain level of anonanimity that we need to uphold.
However, as a PR Manager I assure you that I have more than adequite experience to handle all forms of criticism, and questions regarding the IGB, it's policies, and protocol.
Thank You.
Hello again Alec.
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JitaBum
Gallente Center for Advanced Studies
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Posted - 2009.04.12 23:03:00 -
[157]
Originally by: IGBANK ucntkilme As with all corporations and companies, there is a certain level of anonanimity that we need to uphold.
However, as a PR Manager I assure you that I have more than adequite experience to handle all forms of criticism, and questions regarding the IGB, it's policies, and protocol.
Thank You.
Same guy
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IGBANK ucntkilme
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Posted - 2009.04.12 23:06:00 -
[158]
IGBank Alec, and myself are in fact two seperate people. If you have any questions for me about the IGB, please do post them here so that I can answer them for you in a timely fashion.
Thank You.
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Viktor Raybach
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Posted - 2009.04.12 23:07:00 -
[159]
Edited by: Viktor Raybach on 12/04/2009 23:10:45 Edited by: Viktor Raybach on 12/04/2009 23:09:52 Le Sigh
You could have salvaged your reputation but using a sockpuppet pretty much put paid to that idea.
Edit: So, given you're insisting you're a different person. Who's your main? When were you hired to IG-Bank? Where were you hired from? Why did you decide to do it? What do you know about the MD forum? What do you know about banking?
I know you've made this very poor claim that you're not going to answer questions about yourself (which you have to understand simply raises criticism that might not have been there if you hadn't made it an issue) but I figured I'd ask the questions anyway so I could see your response.
PS What interest rate would IGBank charge on a 1.5 billion isk loan over 3 months secured by a Gisti XL Shield Booster?
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IGBANK ucntkilme
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Posted - 2009.04.12 23:26:00 -
[160]
Originally by: Viktor Raybach Edited by: Viktor Raybach on 12/04/2009 23:10:45 Edited by: Viktor Raybach on 12/04/2009 23:09:52 Le Sigh
You could have salvaged your reputation but using a sockpuppet pretty much put paid to that idea.
Edit: So, given you're insisting you're a different person. Who's your main? When were you hired to IG-Bank? Where were you hired from? Why did you decide to do it? What do you know about the MD forum? What do you know about banking?
PS What interest rate would IGBank charge on a 1.5 billion isk loan over 3 months secured by a Gisti XL Shield Booster?
I will answer some of these questions no problem. My main is the same as this character, only without the IGBANK.
I was hired to the IGB earlier today.
I was hired by Alec, through a private convo between the two of us, as we've flown together for a while being that we both live in/around the providence region.
As for the whole MD forum, the answer to this would depend on your translation of that acronym as it could stand for a number of things.
My knowledge of banking is limited in the information i've got comes directly from my wife who is a branch manager of a wells fargo bank.
As for the interest charges on the loan, I will need to gather that information for you and I will reply back here with that information as soon as I have it.
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Ricdic
Caldari
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Posted - 2009.04.12 23:39:00 -
[161]
Of guy. Can you start at beginning of thread and answer the questions presented on pages 1 to 5 please? |
The ChurchWarden
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Posted - 2009.04.12 23:42:00 -
[162]
I can confirm that ucntkilme was a resident of CVA's bit of Providence and that he can spell, I knew him during my few months of living there over a year ago. Whether or not ucntkilme is Alec I can't comment on. I'd say let the new PR guy give it a go.
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IGBANK ucntkilme
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Posted - 2009.04.12 23:52:00 -
[163]
The exact interest rate for loans at this point and time are: .0035% per hour, however with the current level of resources that the IGB has we will not be making any loans that are this sizeable for some time.
As for the questions in pages 1-5, as I stated earlier I read through some of them, but it was difficult to follow. So I will not go back and answer them, however I do not mind the questions being re-posted in a format that will be easy for people to follow.
Thank You.
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Selene D'Celeste
Caldari The D'Celeste Trading Company
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Posted - 2009.04.13 01:01:00 -
[164]
Originally by: IGBank Alec
Homework on DBANK - ill follow my nose with regards to competition, as it is I have caused a fuss - you and Ricdic here, and Selyne earlier - I am honoured that a 2 trillion isk bank even looked at the thread for my meagre 1.25 billion isk bank (ATM)
My post was just a random comment on the forum since most of the regulars have been circling this thread. I rarely post here, and usually just for a general and/or witty comment here or there.
If you haven't figured it out yet, MD is a forum where people post business proposals and everyone both new and old rip them apart. Anyone left standing alive has a chance at a business, successful or otherwise. After skimming this thread again for amusing posts, I say you still have a lot of work to do. No offense, but I don't think you really "get" what you're doing, and probably nothing will change that (though I do love to be proven wrong with such assessments -- always better than being proven wrong with the opposite assessment). But if nothing else this is just another thread in the parade of entertainment that MD continues to descend into.
So carry on. And thanks for misspelling my name. When the rest of you get bored of this thread come by and play some cards.
P.S. My MD posts have become fairly useless lately, so my apologies to the rest of you =D
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Selene D'Celeste
Caldari The D'Celeste Trading Company
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Posted - 2009.04.13 01:06:00 -
[165]
And just to be useful.
Originally by: IGBANK ucntkilme
As for the questions in pages 1-5, as I stated earlier I read through some of them, but it was difficult to follow. So I will not go back and answer them, however I do not mind the questions being re-posted in a format that will be easy for people to follow.
So you're too lazy to read this thread, and respond? If you can't sort out the flow of conversation in a forum thread, how are you supposed to be a PR manager?
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Sir Elliot
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Posted - 2009.04.13 01:34:00 -
[166]
Obvious troll is obvious. Obvious scam is obvious.
Let this thread die please.
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Manalapan
Dynasty Banking
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Posted - 2009.04.13 06:38:00 -
[167]
Originally by: IGBank Alec
I didnt know about DBANK - we do want to be compeitive, but we cant quite yet, due to our very small state we are under 0.1% of ebanks capital, its that bad, i can admit it though
I probs relesed this too early i see that now, but rather then request it be locked, please let me see what i can do
Do not let this fact deter you. DBANK started little over a year ago with 1.3B and was definitely shadowed by EBANK in much the same way you are now. However, determination and listening to a ton of advice (lots of changes were made that first month) helped us to stay competitive and survive into the almost 600B we have in deposits today.
Also, good job on getting a PR he seems very polite so far. I hope he does look through the entire thread and answer each question one at a time.
Dynasty Banking |
Dagda Morr
Seppuku Warriors
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Posted - 2009.04.13 07:14:00 -
[168]
Glad to see yo have a PR manager now, perhaps we can get some answers to the pertinent questions:
1)Id like to get an idea how you are planning to generate enough return on the (hoped for) sudden influx of business. Both Ebank and Dbank generate a significant amount of the interest payments through trade and market manipulations meaning they are not over exposed to loan defaults.
2)If (for the sake of argument) everyone ignored all the crap that's already gone on in this thread and you got deposits of 100+ billion, are you capable of generating the 210M per hour that would be required to make the payments. If you were ill or out of the game for a week or two, do you have the team in place that could continue to generate sufficient funds? You need to demonstrate that you and your colleagues are capable of generating these returns - if not people will be assuming this is a ponzi scam.
Saying that this thread is not about the people is not a good enough answer - if you are accepting public money you must be open to public scrutiny. Equally, saying that you don't want these kinds of deposits is a waste of time, otherwise why have you posted here?
2)How much of a cash reserve (not player deposits) do you have that could be used to cover any bad debts or sudden withdrawals - in effect if you get 100 billion in deposits and they are sunk into whatever money-making venture you operate, do you have the reserves to cover several large deposits coming close togethier.
3)What internal security and audit procedures do you have to prevent fraud - what sort of reports will you be publishing for the MD community to inspect, and what arrangements have you made/ will make for external auditing?
4)Can I ask why you and your colleagues have had so little involvement with the MD community before deciding to start a bank. I would have expected you to have successfully run a few smaller bonds before launching an enterprise of this magnitude. Player trust is the most valuable commodity in EVE, and you are launching your business with almost none. It's true that the other banks were both new once, but they had people which were already trusted members of the MD community
This is just a repost of my earlier questions but they went unanswered.
Please resize sig to a maximum of 400 x 120 - Mitnal
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Ji Sama
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Posted - 2009.04.13 07:29:00 -
[169]
Originally by: Ray McCormack Considering you haven't taken the time to answer a single pertinent question in this thread I request it be locked for the troll post it is. You've had your fifteen, go back to Jita.
this This is a signature not related to EVE |
Ji Sama
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Posted - 2009.04.13 07:33:00 -
[170]
Originally by: IGBANK ucntkilme As with all corporations and companies, there is a certain level of anonanimity that we need to uphold.
However, as a PR Manager I assure you that I have more than adequite experience to handle all forms of criticism, and questions regarding the IGB, it's policies, and protocol.
Thank You.
hahahahhahahahaah..
now this thread actually delivers! This is a signature not related to EVE |
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Ji Sama
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Posted - 2009.04.13 07:38:00 -
[171]
Originally by: Selene D'Celeste And just to be useful.
Originally by: IGBANK ucntkilme
As for the questions in pages 1-5, as I stated earlier I read through some of them, but it was difficult to follow. So I will not go back and answer them, however I do not mind the questions being re-posted in a format that will be easy for people to follow.
So you're too lazy to read this thread, and respond? If you can't sort out the flow of conversation in a forum thread, how are you supposed to be a PR manager?
so why should we repost out questions again? we have asked alot of questions, you havent answered 1... This is a signature not related to EVE |
cyno here
Caldari School of Applied Knowledge
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Posted - 2009.04.13 07:54:00 -
[172]
Since your site was finaly up, i've decided to do some snooping what kind of hardware backbone you got there (i already knew that you are programming failure). And it revelead me even more funzies, your "server" is most likely just your daily eve-pc on crappy 10$ worth connection on which you don't even have static ip address. This wouldn't be totaly terrible if you'd have used some resonable paid service, but you've went for free and failurish hopto.
Oh well, obvious scam is obvious, nothing like "reliable server" which is my daily pc.
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.04.13 08:16:00 -
[173]
Originally by: cyno here Since your site was finaly up, i've decided to do some snooping what kind of hardware backbone you got there (i already knew that you are programming failure). And it revelead me even more funzies, your "server" is most likely just your daily eve-pc on crappy 10$ worth connection on which you don't even have static ip address. This wouldn't be totaly terrible if you'd have used some resonable paid service, but you've went for free and failurish hopto.
Oh well, obvious scam is obvious, nothing like "reliable server" which is my daily pc.
Yeah, it took about 4 minuets for me to load the page.
And the site made my eyes bleed.
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Manalapan
Dynasty Banking
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Posted - 2009.04.13 08:44:00 -
[174]
Edited by: Manalapan on 13/04/2009 08:45:38 I agree with these guys you need a Web Designer and a better connection. The 8mb connection is not going to cut it for hosting a site, sorry.
I do appreciate your dedication to the idea it just needs a lot of work and at the very least I hope you do take some of our advice with you to either make this bank work or in a new business concept.
EDIT: Spelling (Do this alot)
Dynasty Banking |
Kitchie
Gallente Kitchie's Logistics and Marketing Corp
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Posted - 2009.04.13 09:03:00 -
[175]
Originally by: IGBank Alec Ill post this later, my router is playing up and I am using my phone (consequently the site is down, this is not a regular occurrence, sorry guys)
I picked up on this as I was catching up on the thread and I now see that cyno here has also pointed it out above.
Is your whole bank/database run and accessed through your home PC? If that really is the case, then you've opened a whole new can of worms.
Can we add "Disaster recovery" to the outstanding list of unanswered questions?
Personally, I don't believe you are trying a deliberate scam but it looks like you've dived into setting up a bank without thinking through how you will run it.
My boss at DBANK, Manalapan, has been very polite in this thread but I know, from being with the bank, how many pitfalls, problems and the hard work that is involved in running it.
You're winging it and apart from that being scary, it's the reason that I believe burnout is the highest risk here. I don't think you've grasped how much hard work it actually is and thus why you need a support team with you.
As most people found DBANK through Google, nobody has actually bothered to post a link but to make life easier for you:
Dynasty Banking (DBANK)
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Kitchie
Gallente Kitchie's Logistics and Marketing Corp
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Posted - 2009.04.13 09:38:00 -
[176]
If I'd had signatures enabled, I would have noticed that the Boss has a link in her sig.
Don't know about others but I'm turning them off again - they really clutter up the pages even more than they already are!
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IGBANK ucntkilme
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Posted - 2009.04.13 10:02:00 -
[177]
I appreciate all of the posts here, and I assure you that I will be addressing each and every one.
The first one I will start with, before heading off to bed as it is 4:00AM here where I live, is the one dealing with the server.
We are well aware of the limits of our server, and while it is not an every-day machine, it is definately not even close to being acceptable for our operations.
With this being said, We have been talking and yes we are moving servers. The new server will have a static IP address and will be available 24 hours a day. The website will also load a lot quicker once the move has been made final.
Sometime during the month of May, we will also be purchasing a domain for the bank, which will then be the single and only website for the IGB.
We decided to do the server move after reviewing the abnormally high server load, so for a faster load time and for higher security are moving to the professional server.
Thank You.
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cyno here
Caldari School of Applied Knowledge
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Posted - 2009.04.13 10:09:00 -
[178]
So it's not daily-use pc, but 20 ppl/hour + my sneaknig and peaking ends in abnormal server load ? lol
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Estel Arador
Minmatar Estel Arador Corp Services
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Posted - 2009.04.13 10:13:00 -
[179]
Originally by: IGBANK ucntkilme We decided to do the server move after reviewing the abnormally high server load,
Surely it's not abnormally high for what you're trying to do?
FREE! jumpclone service - NOW 192 locations! |
cyno here
Caldari School of Applied Knowledge
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Posted - 2009.04.13 10:15:00 -
[180]
Originally by: Estel Arador
Originally by: IGBANK ucntkilme We decided to do the server move after reviewing the abnormally high server load,
Surely it's not abnormally high for what you're trying to do?
Shhhh, they got advanced calculations database on mysql ;p
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cyno here
Caldari School of Applied Knowledge
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Posted - 2009.04.13 10:18:00 -
[181]
Did someone clean up his server ? i was actualy enjoying read of his blog...
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IGBANK ucntkilme
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Posted - 2009.04.13 10:19:00 -
[182]
Edited by: IGBANK ucntkilme on 13/04/2009 10:22:03 Edited by: IGBANK ucntkilme on 13/04/2009 10:21:03 The server load has been fine since IGB's inception. The high server load is the result of someone, or several people trying to brute force into the root of the site, without any success might I add.
edit: the new website url will be: eve-ingame.co.uk
at some point, we will be obtaining a .com as well.
Alec is in the process of doing file transfers now. Website will be down until all transfers are complete.
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cyno here
Caldari School of Applied Knowledge
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Posted - 2009.04.13 10:30:00 -
[183]
Upgrading to servage ? You might've been better on that home windows pc :D
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Ji Sama
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Posted - 2009.04.13 11:18:00 -
[184]
hax meh plz This is a signature not related to EVE |
Manalapan
Dynasty Banking
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Posted - 2009.04.13 11:35:00 -
[185]
Edited by: Manalapan on 13/04/2009 11:35:41
Originally by: IGBANK ucntkilme Edited by: IGBANK ucntkilme on 13/04/2009 10:22:03 Edited by: IGBANK ucntkilme on 13/04/2009 10:21:03 The server load has been fine since IGB's inception. The high server load is the result of someone, or several people trying to brute force into the root of the site, without any success might I add.
edit: the new website url will be: eve-ingame.co.uk
at some point, we will be obtaining a .com as well.
Alec is in the process of doing file transfers now. Website will be down until all transfers are complete.
I do like the new URL hopefully a dedicated .com/.net/.org is in the near future. Also, make sure you take security steps on the new machine to prevent attacks (Brute Force or DOS). Also, the extra bandwidth prevents you from lagging on most of those attacks. Let us know when the site is back up, and when you think you will redesign it.
EDIT: If you are looking for a new host I can recommend you to one I use. Will have to talk ingame though CCP tends to frown on that.
Dynasty Banking |
LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.04.13 11:43:00 -
[186]
Originally by: IGBANK ucntkilme
The server load has been fine since IGB's inception. The high server load is the result of someone, or several people trying to brute force into the root of the site, without any success might I add.
Well, that's ironic.
Alec was boasting in the EBANK channel yesterday about how linux(And associated pieces of software) are superior to windows. Running a bunch of Linux servers myself, brute force is hardly an issue. If the server administrator is at all competent, then he would have a firewall which black lists IP's which are used for said attack.
And please tell me that you aren't moving the site to a VPS.
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Manalapan
Dynasty Banking
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Posted - 2009.04.13 11:49:00 -
[187]
Edited by: Manalapan on 13/04/2009 11:49:36 I believe that he would be using a VPS, but look at the bright side it is an improvement over a machine in his house.
EDIT: Spelling
Dynasty Banking |
LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.04.13 11:51:00 -
[188]
Originally by: Manalapan I believe that he would using a VPS, but look at the bright side it is an improvement over a machine in his house.
Here's a little known fact: EBANKs infrastructure runs entirely in a shared hosting environment.
But if he's still going to be under brute-force attack all the time, while the performance impact might not be AS big. However he's STILL going to have problems.
And then it's STILL just a matter of time before someone DOES manage to get in.
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Cygwin Gaad
Caldari The Element Syndicate Black Mesa Project
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Posted - 2009.04.13 11:55:00 -
[189]
I do not endorse this product or service. -
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cyno here
Caldari School of Applied Knowledge
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Posted - 2009.04.13 12:07:00 -
[190]
Originally by: LaVista Vista
Originally by: IGBANK ucntkilme
The server load has been fine since IGB's inception. The high server load is the result of someone, or several people trying to brute force into the root of the site, without any success might I add.
Well, that's ironic.
Alec was boasting in the EBANK channel yesterday about how linux(And associated pieces of software) are superior to windows. Running a bunch of Linux servers myself, brute force is hardly an issue. If the server administrator is at all competent, then he would have a firewall which black lists IP's which are used for said attack.
And please tell me that you aren't moving the site to a VPS.
Emm alec was boasting about linux > windows ? But his previous home server was windows xp sp2 machine :D Also you can't really stop DDOSing, yuo can only make it harder to pull off (altho you can very easly stop bruteforcing :D).
As for new machine "power", anyone who worked with servage knows that they oversell 1 machine so badly that even running hello world there would take serious time.
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.04.13 12:10:00 -
[191]
Originally by: cyno here
As for new machine "power", anyone who worked with servage knows that they oversell 1 machine so badly that even running hello world there would take serious time.
Hence why I only go with VPS hosting, where the SLA promises to have at least x amount of CPU power available over any given period of time.
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cyno here
Caldari School of Applied Knowledge
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Posted - 2009.04.13 12:12:00 -
[192]
Originally by: LaVista Vista
Originally by: cyno here
As for new machine "power", anyone who worked with servage knows that they oversell 1 machine so badly that even running hello world there would take serious time.
Hence why I only go with VPS hosting, where the SLA promises to have at least x amount of CPU power available over any given period of time.
Yus, and you can do whatever you want with your enviroment because you get virtual machine running your server. It's a lot better step than cheap virtual machines where you can't do jack, and you can get nice VPS for 19e/month.
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SencneS
Amarr Rebellion Against Big Irreversible Dinks
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Posted - 2009.04.13 17:15:00 -
[193]
Edited by: SencneS on 13/04/2009 17:16:58 All thought the thread IGBank Alex has been saying "Why US over EBANK" and I although I'm on the Board of Directors at EBANK I'll give a perfect reason why EBANK over IGBank..
EBANK pays more.
I re-checked over the math just to make sure and I check every one of these pages to make sure the math wasn't updated.
I then opened Excel, put in 1B into cell A1 Then put the =A1*(1+0.000021) into A2, A3..... all the way to A720 (30 days multiplied by 24 hours.) Each cell increased the number - So A3 was =A2*(1+0.000021) etc
The final result is - 1,015,213,404.83 ISK.
Using the interest Calculator created by Silverdog on the EBANK forum after 1B ISK and 30 days the final result is - 1,015,261,460.54
EBANK's 1,015,261,460.54 ISK - IGBANK's 1,015,213,404.83 ISK = 48,055.71 ISK.
Meaning EBANK gives you over 48K more Interest then IGBANK..
Even over 365 Days. EBANK = 1,202,350,599.38 IGBANK = 1,201,940,181.02
I should point out that the calculations used on IGBANK are the calculations given by IGBank Alec in this very thread. It may be different in the code.
Recommendation - Put another 0.000005% on your hourly calculations and you'll beat out EBANK's interest. After a year you'll have paid out 116,075.55 ISK more Interest then EBANK.
Amarr for Life |
Kwint Sommer
Caldari XERCORE No Apology
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Posted - 2009.04.13 18:46:00 -
[194]
First off, EBANK pays 3% as well as 1.5% so regardless of what value the 7th digit beyond the decimal has, EBANK pays more.
But it's a moot point because there's no way in hell someone with a non existent reputation and history should be paying any where what EBANK pays. Aside from invoking the word 'bank' he isn't anywhere near the same category as EBANK, not any in any regard whatsoever and god help me, if the lemmings are actually stupid enough to give him money at that rate I'll be closing down Kwint Industries common bonds that very week. If this fool can pay 1.5% then why on earth would I continue to pay 5%?
Do you know why we have so few banks or for that matter why I argued against Dynasty Bank from the very beginning? Because it's way too easy to run a ponzi scheme with them and because such perpetual institutions have a nasty tendency to collapse under their own weight, much as I suspect happened to Furry Bank. With fixed term bonds and the like you have to pay the principle and interest back all at once which not just prevents a ponzi scheme but avoids the many dangers of a perpetual Institution, see FRPB for those.
A bank is the ultimate offering, it is something that the very best of us come together to produce. It should be run not merely by a man who's integrity is above question but by a whole team of them, much as EBANK is and DBANK is slowly coming to be. This offering could not be farther from that model and the fact that he thinks it is is an insult to those who have spent years carefully establishing those higher institutions. If we allow banks like this to rise, their inevitable fall will greatly undermine the legitimate ones and that will be to the detriment of the whole secondary market.
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Dzil
Caldari Pirates in Silk Suits
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Posted - 2009.04.13 20:24:00 -
[195]
Originally by: SencneS Edited by: SencneS on 13/04/2009 17:16:58 All thought the thread IGBank Alex has been saying "Why US over EBANK" and I although I'm on the Board of Directors at EBANK I'll give a perfect reason why EBANK over IGBank..
EBANK pays more.
I re-checked over the math just to make sure and I check every one of these pages to make sure the math wasn't updated.
I then opened Excel, put in 1B into cell A1 Then put the =A1*(1+0.000021) into A2, A3..... all the way to A720 (30 days multiplied by 24 hours.) Each cell increased the number - So A3 was =A2*(1+0.000021) etc
=power(number,power) would accomplish what you wanted to accomplish much faster.
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Hexxx
Minmatar
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Posted - 2009.04.13 21:03:00 -
[196]
Originally by: Kwint Sommer First off, EBANK pays 3% as well as 1.5% so regardless of what value the 7th digit beyond the decimal has, EBANK pays more.
But it's a moot point because there's no way in hell someone with a non existent reputation and history should be paying any where what EBANK pays. Aside from invoking the word 'bank' he isn't anywhere near the same category as EBANK, not any in any regard whatsoever and god help me, if the lemmings are actually stupid enough to give him money at that rate I'll be closing down Kwint Industries common bonds that very week. If this fool can pay 1.5% then why on earth would I continue to pay 5%?
Do you know why we have so few banks or for that matter why I argued against Dynasty Bank from the very beginning? Because it's way too easy to run a ponzi scheme with them and because such perpetual institutions have a nasty tendency to collapse under their own weight, much as I suspect happened to Furry Bank. With fixed term bonds and the like you have to pay the principle and interest back all at once which not just prevents a ponzi scheme but avoids the many dangers of a perpetual Institution, see FRPB for those.
A bank is the ultimate offering, it is something that the very best of us come together to produce. It should be run not merely by a man who's integrity is above question but by a whole team of them, much as EBANK is and DBANK is slowly coming to be. This offering could not be farther from that model and the fact that he thinks it is is an insult to those who have spent years carefully establishing those higher institutions. If we allow banks like this to rise, their inevitable fall will greatly undermine the legitimate ones and that will be to the detriment of the whole secondary market.
I don't want to arbitrarily tell people "you can't do this", but Kwint is right about alot of this.
Banks are, in my experience, an amazing institution. The flexibility and agility that a Bank can manage is really impressive, and so is the way they manage their leverage, liquidity, etc. They can also grow to truly frightening sizes.
I'd also like to take a moment and say that Kwint is right....Banks are more at risk for Ponzi's than most. Look at EBANK for example....deposits exceed withdraws. It's only because I'm privy to how ridiculously profitable EBANK is that I'm comfortable with these numbers and even then we're undergoing an internal audit just to be sure.
Thinking about this some more...hell. I can't let Alec succeed.
So...
He clearly has no understanding of his technology, is unable or unwilling to invest in decent server resources, has no business plan at all, can not define or articulate any coherent strategy and probably couldn't trade his way out of a wet paper bag.
Yes, these are all criticisms. They are also deal-breakers, show-stoppers, etc. This Bank which is being proposed won't work.
So in clear terms, I am personally recommending that everyone stay away from it. There are just too many fundamental problems with this.
EBANK - Chairman of the Board | www.eve-bank.net
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Selene D'Celeste
Caldari The D'Celeste Trading Company
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Posted - 2009.04.13 21:26:00 -
[197]
Originally by: Hexxx
So in clear terms, I am personally recommending that everyone stay away from it. There are just too many fundamental problems with this.
That's possibly the nicest way to put it. I'd also like to support this specific phrasing.
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Krathos Morpheus
Gallente Legion Infernal Wildly Inappropriate.
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Posted - 2009.04.13 22:55:00 -
[198]
Wow!, There are really quality posts above me and almost everything has been said. If you really want to launch a bank, you should partner with someone who can do the business part of the project. Technology alone is not enough for a bank, specially when there are no in-game enforcements that can ensure the money is not stolen. You need customers to trust you with their money, and that starts with transparency and a good business plan where customers can see that you really intend to give their money back. It's not enough to say that you are not scaming and that everyone has to start somewhere, you have to tell them how do you intend to do it.
Then they need a reason to put their money in your bank. The extra isk can be a reason, but not when they can get more from more secured businesses. Also they take a risk and they need their reward to be according to the risk. The money you offer is riddiculous in this market. I think that the launch of a bank in EVE needs to be chained to another business, being this business an enabler for the successfull launch of the bank (DBank is still heavily tied to the trade, almost being a trader investment covered by the name of a bank). You need to have something to do with the money invested and give the customers a big part of the cake to launch the bank succesfully.
The banks needs economic and technology, you have the tech, where is the ec?
EVE Knowledge
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SencneS
Amarr Rebellion Against Big Irreversible Dinks
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Posted - 2009.04.13 23:07:00 -
[199]
Edited by: SencneS on 13/04/2009 23:14:27
Originally by: Dzil =power(number,power) would accomplish what you wanted to accomplish much faster.
While this was obvious and the fastest way to find out the end result. I wasn't sure if the little interest increases would eventually overcome EBANK's daily deposits. I was making sure if it did overcome I wanted to know how long it would take.
Without going into even more detailed math the quickest way to find out which one of those 740 or 8,760 interest payments was the one that could over take EBANK's daily interest is to have individual calculations. There is always a method to my madness :)
Besides, click and drag in Excel is not exactly a time consuming process and if at some point it did surpass EBANK it would have also yielded the exact time in which that happened.
Amarr for Life |
Kazuo Ishiguro
House of Marbles Zzz
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Posted - 2009.04.14 10:23:00 -
[200]
Originally by: Manalapan
Originally by: IGBank Alec
I didnt know about DBANK - we do want to be compeitive, but we cant quite yet, due to our very small state we are under 0.1% of ebanks capital, its that bad, i can admit it though
I probs relesed this too early i see that now, but rather then request it be locked, please let me see what i can do
Do not let this fact deter you. DBANK started little over a year ago with 1.3B and was definitely shadowed by EBANK in much the same way you are now. However, determination and listening to a ton of advice (lots of changes were made that first month) helped us to stay competitive and survive into the almost 600B we have in deposits today.
Also, good job on getting a PR he seems very polite so far. I hope he does look through the entire thread and answer each question one at a time.
Call me an optimist, but as one of DBANK's earliest large-scale investors I certainly see potential here. I'm not going to throw money at Alex just yet, but I look forward to seeing how things develop over the next week or two. --- 20:1 mineral compression ISRC Racing, Season 7 - schedule |
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Kazuo Ishiguro
House of Marbles Zzz
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Posted - 2009.04.14 10:39:00 -
[201]
Much of what Kwint and Hexxx have save about Alec regarding trust and investment management applied equally to DBANK when it first launched. Here's the original DBANK thread, for all those who haven't seen it.
As for criticisms of technical competence and investment in the site, it would be unrealistic to expect changes to appear overnight. I think we can afford to wait and see how this fledgling bank reacts. --- 20:1 mineral compression ISRC Racing, Season 7 - schedule |
Jackie Fisher
Syrkos Technologies
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Posted - 2009.04.14 10:57:00 -
[202]
Does IGBank have a privacy policy?
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Confuzer
Volition Cult The Volition Cult
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Posted - 2009.04.14 11:25:00 -
[203]
I don't want to be a troll but this has to be said
- 15? Never and never will I trust my isk to someone with such age. The experience in that age-range is not that good. - Dislexic? So, when you are gonna pay people, you will make mistakes in the zero count?
I find this all too hilarious ----------------- Destiny is not a matter of chance. It is a matter of choice. It's not a thing to be waited for - it is a thing to be achieved. |
Viktor Raybach
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Posted - 2009.04.14 12:04:00 -
[204]
Originally by: Kazuo Ishiguro Much of what Kwint and Hexxx have save about Alec regarding trust and investment management applied equally to DBANK when it first launched. Here's the original DBANK thread, for all those who haven't seen it.
As for criticisms of technical competence and investment in the site, it would be unrealistic to expect changes to appear overnight. I think we can afford to wait and see how this fledgling bank reacts.
There's a massive difference between Dbank's launch and early threads and this thread.
The difference in professionalism is even more apparent if you've spoken to Alec and been subjected to his emo-type declarations such as how he'd rather die than be mature. His views on the role of the bank, why he did it and understanding of banking are even more apparent if you should engage him in conversation in game.
As for the technical side, frankly it shouldn't have launched with such a poor technical systems.
You might well feel inclined to sit back and wait to see what happens. But, given all the warning signs, do we really need another failed bank weakening the secondary market still further?
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.04.14 12:10:00 -
[205]
Originally by: Viktor Raybach
Originally by: Kazuo Ishiguro Much of what Kwint and Hexxx have save about Alec regarding trust and investment management applied equally to DBANK when it first launched. Here's the original DBANK thread, for all those who haven't seen it.
As for criticisms of technical competence and investment in the site, it would be unrealistic to expect changes to appear overnight. I think we can afford to wait and see how this fledgling bank reacts.
There's a massive difference between Dbank's launch and early threads and this thread.
The difference in professionalism is even more apparent if you've spoken to Alec and been subjected to his emo-type declarations such as how he'd rather die than be mature. His views on the role of the bank, why he did it and understanding of banking are even more apparent if you should engage him in conversation in game.
As for the technical side, frankly it shouldn't have launched with such a poor technical systems.
You might well feel inclined to sit back and wait to see what happens. But, given all the warning signs, do we really need another failed bank weakening the secondary market still further?
I couldn't have said this better myself.
Alec, you still owe me 2 painkillers, which I had to consume from the conversation which the quoted post speaks about.
Having a bank which would be on a verge of failing at any given point, which is only reasonable to assume, given the fact that Alec admitted that his bank is running with a red bottom like, is a BAD situation.
In the perfect world, there would be no such demand for a bank like that. But given the fact that Alec is known to advertise with his bank in Jita, thus attract people who aren't aware of what this bank REALLY is... Well, I feel sorry for them.
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SencneS
Amarr Rebellion Against Big Irreversible Dinks
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Posted - 2009.04.14 12:55:00 -
[206]
Originally by: LaVista Vista But given the fact that Alec is known to advertise with his bank in Jita.......
Maybe Alec's objective is to appear to be a scammer and at the same time bring down the reputation of the word "Bank" in the EVE universe.
As a teenagers your actions sometimes don't consider the overall effect it would have on everything around you. You're more focused on the here and now and also centered around yourself. Even if you have the best of intentions, some actions have a much larger effect then you believed in the first place.
Imagine this.....
Alec successfully launchers a Bank because of unwitting Jita occupants, the bank gains some respect and becomes somewhat popular with a majority of long term Jita campers. Eventually the Bank reaches the critical point where deposits far exceed withdrawals, the Bank grows out of control, that hourly interest rate turns starts to require 55 MILLION ISK (This is what EBANK has to pay in interest every hour).
IGBANK starts to turn into a Ponzi scheme because one man can't generate 55mil a hour every hour every day. Eventually he's unable to make the withdrawals, people start calling scam!, with threat of his now grained Reputation going into the toilet he starts explaining the whole thing. People like US know what happened and call it a Ponzi scheme gone wrong.
Now we have a large chunk of the EVE Population saying ALL Banks are Ponzi schemes, no one should trust banks. Any other Bank starts to lose deposits, DBANK and EBANK see this and start to remain more liquid because of it. With more ISK being required to be liquid it forces them to turn a slower profit, the cascading effect of higher liquidity, and lower returns forces the Banks to shrink, the Banks start shutting down deposits. The confidence of both banks becomes in question, the scared start withdrawing ISK, so the Banks start liquidating their slower return assets to overcome the rush on withdrawals.
As the Banks lose two thirds of their holdings, the start to become smaller and smaller, still requiring a high liquidity and a major loss to their ISK generating ventures the Banks start to question the requirements to have a Bank, is it worth it to manage 100b? probably not considering it's limiting on what you can do.
The Banks shut down, all be it successful closure with no loss of ISK to customers. Since the largest secondary market options have closed things like Block's Indexes start to see a Massive spike in popularity. However only a handful of the ISK floating around is utilized, as people start to scream for more IPOs more ventures, real scammers join the party, start taking people for BILLIONS because they WANT to invest in anything available.
The massive influx of scammers and the mods of investers just looking for a place to throw their ISK collapses the secondary market. With Billions now in the hands of scammers no one invests anywhere apart from some small trusting entities.
The failure of the secondary market The word BANK becomes ear marked as a Ponzi Scheme and no one will be able to open any bank every again.
These are just two of the things that could happen if a teenager starts thinking he understands how the secondary market works.. Failure is abound..
Amarr for Life |
Thoraemond
Minmatar Far Ranger
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Posted - 2009.04.14 12:57:00 -
[207]
Originally by: SencneS Without going into even more detailed math the quickest way to find out which one of those 740 or 8,760 interest payments was the one that could over take EBANK's daily interest is to have individual calculations. There is always a method to my madness.
There's also a bit of madness in this particular madness.
A little bit of secondary school math can help you out here: if the hourly interest doesn't overtake the daily interest in the first day, it can't overtake it in later days, since they'll be identical to the first day except that the account that ended up with more ISK on the first day will now also have a 'head start'. Good ol' induction!
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SencneS
Amarr Rebellion Against Big Irreversible Dinks
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Posted - 2009.04.14 13:06:00 -
[208]
Originally by: Thoraemond
Originally by: SencneS Without going into even more detailed math the quickest way to find out which one of those 740 or 8,760 interest payments was the one that could over take EBANK's daily interest is to have individual calculations. There is always a method to my madness.
There's also a bit of madness in this particular madness.
A little bit of secondary school math can help you out here: if the hourly interest doesn't overtake the daily interest in the first day, it can't overtake it in later days, since they'll be identical to the first day except that the account that ended up with more ISK on the first day will now also have a 'head start'. Good ol' induction!
Either I click and Drag for 24 cells or I hold the mouse button down for another 3 seconds and get to 740+ and remove all doubt.
I just checked, on this computer to get to 1000+ rows it took about 3 seconds, I didn't stop watch it because the time it would take to get an accurate time would be longer then actually doing it in the first place.
In fact I think the amount of time it took you to type your response took longer then click/drag the 9000 rows to find out over a year..
If speed is your objective to find something out, and the lazy ass let excel do it for you in a second seconds, then why are people coming back saying "This is the faster way?" or "This is a better way"
Try it for yourself, type 1,000,000,000 in cell A1 In cell A2 copy and past Alec's forumla, change the small amount of words to A$1. Click the lower right corner of Cell A2 and drag it down as far as you like.
Lazy, quick, gets gets 100% accurate results. YAY for instant gratification..
Amarr for Life |
Kazzac Elentria
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Posted - 2009.04.14 13:19:00 -
[209]
Originally by: SencneS
Originally by: LaVista Vista But given the fact that Alec is known to advertise with his bank in Jita.......
Maybe Alec's objective is to appear to be a scammer and at the same time bring down the reputation of the word "Bank" in the EVE universe.
As a teenagers your actions sometimes don't consider the overall effect it would have on everything around you. You're more focused on the here and now and also centered around yourself. Even if you have the best of intentions, some actions have a much larger effect then you believed in the first place.
Imagine this.....
Alec successfully launchers a Bank because of unwitting Jita occupants, the bank gains some respect and becomes somewhat popular with a majority of long term Jita campers. Eventually the Bank reaches the critical point where deposits far exceed withdrawals, the Bank grows out of control, that hourly interest rate turns starts to require 55 MILLION ISK (This is what EBANK has to pay in interest every hour).
IGBANK starts to turn into a Ponzi scheme because one man can't generate 55mil a hour every hour every day. Eventually he's unable to make the withdrawals, people start calling scam!, with threat of his now grained Reputation going into the toilet he starts explaining the whole thing. People like US know what happened and call it a Ponzi scheme gone wrong.
Now we have a large chunk of the EVE Population saying ALL Banks are Ponzi schemes, no one should trust banks. Any other Bank starts to lose deposits, DBANK and EBANK see this and start to remain more liquid because of it. With more ISK being required to be liquid it forces them to turn a slower profit, the cascading effect of higher liquidity, and lower returns forces the Banks to shrink, the Banks start shutting down deposits. The confidence of both banks becomes in question, the scared start withdrawing ISK, so the Banks start liquidating their slower return assets to overcome the rush on withdrawals.
As the Banks lose two thirds of their holdings, the start to become smaller and smaller, still requiring a high liquidity and a major loss to their ISK generating ventures the Banks start to question the requirements to have a Bank, is it worth it to manage 100b? probably not considering it's limiting on what you can do.
The Banks shut down, all be it successful closure with no loss of ISK to customers. Since the largest secondary market options have closed things like Block's Indexes start to see a Massive spike in popularity. However only a handful of the ISK floating around is utilized, as people start to scream for more IPOs more ventures, real scammers join the party, start taking people for BILLIONS because they WANT to invest in anything available.
The massive influx of scammers and the mods of investers just looking for a place to throw their ISK collapses the secondary market. With Billions now in the hands of scammers no one invests anywhere apart from some small trusting entities.
The failure of the secondary market The word BANK becomes ear marked as a Ponzi Scheme and no one will be able to open any bank every again.
These are just two of the things that could happen if a teenager starts thinking he understands how the secondary market works.. Failure is abound..
Someone miss their coffee this morning? |
Thoraemond
Minmatar Far Ranger
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Posted - 2009.04.14 13:49:00 -
[210]
Originally by: SencneS Either I click and Drag for 24 cells or I hold the mouse button down for another 3 seconds and get to 740+ and remove all doubt. [And so on...]
Your use of the phrase 'and remove all doubt' reminds me of a quotation attributed to Mark Twain which might be informative for you here.
My point was not that your method was slow (indeed, you will note that I didn't even suggest that it was), but that your method seemed to be derived from an imperfect understanding of the problem you were exploring, and accordingly I offered help to improve your understanding.
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SencneS
Amarr Rebellion Against Big Irreversible Dinks
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Posted - 2009.04.14 14:32:00 -
[211]
Edited by: SencneS on 14/04/2009 14:32:44
Originally by: Thoraemond
Originally by: SencneS Either I click and Drag for 24 cells or I hold the mouse button down for another 3 seconds and get to 740+ and remove all doubt. [And so on...]
Your use of the phrase 'and remove all doubt' reminds me of a quotation attributed to Mark Twain which might be informative for you here.
My point was not that your method was slow (indeed, you will note that I didn't even suggest that it was), but that your method seemed to be derived from an imperfect understanding of the problem you were exploring, and accordingly I offered help to improve your understanding.
The madness within is driven by laziness and not lack of understanding, while I could have taken the time to re-enter a more efficient formula to the problem, the time taken to effectively execute the lazy way is about the same.
While you like quoting Mark Twain, I'll throw back Angelo Donghia.. :)
Amarr for Life |
Thoraemond
Minmatar Far Ranger
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Posted - 2009.04.14 15:14:00 -
[212]
Originally by: SencneS The madness within is driven by laziness and not lack of understanding [...]
Surely a truly lazy person who understands the concept I pointed to would have stopped at 24 rows? Perhaps you need to work on your laziness!
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SencneS
Amarr Rebellion Against Big Irreversible Dinks
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Posted - 2009.04.14 15:43:00 -
[213]
Originally by: Thoraemond
Originally by: SencneS The madness within is driven by laziness and not lack of understanding [...]
Surely a truly lazy person who understands the concept I pointed to would have stopped at 24 rows? Perhaps you need to work on your laziness!
Honestly don't remember where I stopped exactly but It was over 10,000, the speed in which Excel filled in all those rows was, like I said, a few seconds. Redoing it just now to 10,000 rows took this computer between eight and nine seconds to click and drag.
Remember, the objective was over one month time originally, so it had to be more then 720 rows, which I just tested took between two and three seconds. If I actually wanted to keep the Excel sheet I might have actually made it look pretty, and used more efficient formulas, rather then having excel work a few nanoseconds longer working out unneeded line items..
Alas the sheet was trashed long ago, the correct answer and the objective was achieved within movements with little effort, thought or consideration. Why people feel they need to flash their mental prowess e-peen over something trivial is beyond me.
Amarr for Life |
Ricdics
Tleilex Developments Dara Cothrom
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Posted - 2009.04.14 16:02:00 -
[214]
little bit off-topic u 2 |
Thoraemond
Minmatar Far Ranger
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Posted - 2009.04.14 16:21:00 -
[215]
Originally by: Ricdics little bit off-topic u 2
Point conceded, aye!
I would have just let it go after one post, but it concerned me a bit that someone with a senior position at EBANK seemed oblivious to high school math, and it was tantalizingly ironic to observe that someone responsible PR would fall into a trap of unwarranted defensiveness that had been criticized earlier in this very thread.
Getting back on topic, it goes to show that operating collectively (like EBANK) can overcome individual shortcomings, so perhaps that bodes well for IGBANK, if it continues to add heads to its think tank.
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Kazuo Ishiguro
House of Marbles Zzz
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Posted - 2009.04.14 16:40:00 -
[216]
Originally by: Viktor Raybach You might well feel inclined to sit back and wait to see what happens. But, given all the warning signs, do we really need another failed bank weakening the secondary market still further?
I rather doubt he has the capability to destroy the secondary market in the space of a few weeks. I'm not suggesting that people immediately throw billions of isk at him - just that if we wait for a while Alec and associates might eventually be able to provide something worth investing in. --- 20:1 mineral compression ISRC Racing, Season 7 - schedule |
SencneS
Amarr Rebellion Against Big Irreversible Dinks
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Posted - 2009.04.14 17:36:00 -
[217]
Originally by: Thoraemond
Originally by: Ricdics little bit off-topic u 2
Point conceded, aye!
I would have just let it go after one post, but it concerned me a bit that someone with a senior position at EBANK seemed oblivious to high school math, and it was tantalizingly ironic to observe that someone responsible PR would fall into a trap of unwarranted defensiveness that had been criticized earlier in this very thread.
While I was not going to post again, This is not the first time you have "gone after" me in an attempt to make me sub par to you. What? A PR Manager is not entitled to defending themselves in personal attack? Sorry you seem to think so.
My continued replies is based purely on justifying that the method I used was just as valid as any other method. You can't deny the result, it is correct. How that answer came about does not make it any more or less correct then any other method either.
Originally by: Thoraemond Getting back on topic, it goes to show that operating collectively (like EBANK) can overcome individual shortcomings, so perhaps that bodes well for IGBANK, if it continues to add heads to its think tank.
Don't think I didn't see that either. I can't account for peoples incorrect assumptions, so I'm sorry you're just going to have to go on believing that I'm as dumb as rocks. I just hope in your assumption that you also considered fractions of cents, all those fractions of cents every hour eventually adding up to whole cents and eventually over coming the interest calculated daily. I would assume you considered those as well, because if you didn't then that is concerning to me.
The only thing I can agree with you on is this conversation is over and that for a Bank in EVE succeed you do need to have more then one brain working the numbers. As our back and forth has revealed that sometimes you should do it another way just to make sure...
Amarr for Life |
WTF
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Posted - 2009.04.14 18:12:00 -
[218]
Lets see here...
IGBank Alec
IG - BANK from 2009.04.01 07:54 to this day School of Applied Knowledge from 2009.03.25 20:32 to 2009.04.01 07:54
... Posted - 10/04/2009 17:42:00
I don't know why this thread is so long. I didn't read it all, waste of time.
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Thoraemond
Minmatar Far Ranger
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Posted - 2009.04.14 18:31:00 -
[219]
Originally by: SencneS [F]or a Bank in EVE succeed you do need to have more then one brain working the numbers...
SencneS, I apologize if any of my posts have made you feel persecuted.
When I post, I try to focus on providing information, knowledge and/or insight that is (at least potentially) useful to the community. I don't claim 100% success in this regard, and unfortunately, as I already admitted above, I can at times get distracted from that purpose.
If I've been critical of some of your posts in the past, please don't take it personally: I would likely have posted similarly if someone else had made the same remarks. And while you're looking to the past, I've only been posting under this name for a few months but I'm sure you can also find at least one occasion on which I have agreed with your posts or backed up one of your assertions. It's business, not personal!
Substantively, I would just reiterate that my post in this thread was to point to how compound interest works, rather than to remark on any particular method of calculation. In that vein, I'll comment only briefly on the the spreadsheet you've attached. It appears to add consideration of significant digits, where previously the concept under consideration was the magic of compound interest. That's certainly not wrong, and it is clearly relevant to the operation of a bank and something for a bank director to be mindful of, but it doesn't address the concept I raised initially.
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Ji Sama
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Posted - 2009.04.14 18:46:00 -
[220]
Originally by: SencneS
Originally by: Thoraemond
Originally by: Ricdics little bit off-topic u 2
Point conceded, aye!
I would have just let it go after one post, but it concerned me a bit that someone with a senior position at EBANK seemed oblivious to high school math, and it was tantalizingly ironic to observe that someone responsible PR would fall into a trap of unwarranted defensiveness that had been criticized earlier in this very thread.
While I was not going to post again, This is not the first time you have "gone after" me in an attempt to make me sub par to you. What? A PR Manager is not entitled to defending themselves in personal attack? Sorry you seem to think so.
My continued replies is based purely on justifying that the method I used was just as valid as any other method. You can't deny the result, it is correct. How that answer came about does not make it any more or less correct then any other method either.
Originally by: Thoraemond Getting back on topic, it goes to show that operating collectively (like EBANK) can overcome individual shortcomings, so perhaps that bodes well for IGBANK, if it continues to add heads to its think tank.
Don't think I didn't see that either. I can't account for peoples incorrect assumptions, so I'm sorry you're just going to have to go on believing that I'm as dumb as rocks. I just hope in your assumption that you also considered fractions of cents, all those fractions of cents every hour eventually adding up to whole cents and eventually over coming the interest calculated daily. I would assume you considered those as well, because if you didn't then that is concerning to me.
The only thing I can agree with you on is this conversation is over and that for a Bank in EVE succeed you do need to have more then one brain working the numbers. As our back and forth has revealed that sometimes you should do it another way just to make sure...
/golfclap
/freecare This is a signature not related to EVE |
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IGBank Beepus
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Posted - 2009.04.18 13:06:00 -
[221]
Originally by: Kwint Sommer Do you know what's worse than someone's very first post asking for money? Their very first post, their introduction to the community, declaring that they've founded a bank. And do you know what's worse than someone's introduction to the community being a declaration that they have created a bank? Someone introducing themselves to the community with a poorly written business plan for the Bank they've created. And do you know what's worse than that? Having said bank pay less than the rates the most respected members of this forum are paying, not to mention EBANK itself!
I'm going to stop reading this before I have an aneurysm....
get a grip. now everyone given our current economic climate caused mostly by 'people with business plans' politicians allowing 'business plans' who the hell here trusts either a true banker or a politician? U my sound like your rl work is one or the other. Give him a dam break, the guys trying something new to him some complicated stuff. What do u do? knock it out of him. if u dont like it shut the hell up, dont give him a chance and dont post, he's not put himself here for people like u to slate him without constructive critiscm.
Comon Kwint what do u know about the banks founder? Id trust him with all my isk because I know he wont be going offline anytime, hes an honest person. This is not a slanging match, u dont like him and his business plan so just leave it.
Im testing him out with small amounts and ive known this guy pretty much since he started with his main. Its all checking out. Dont slate him, try it if it goes wrong then ill help u pod him for it ;) or just leave it
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Ji Sama
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Posted - 2009.04.18 13:20:00 -
[222]
Edited by: Ji Sama on 18/04/2009 13:22:23
who is your main?
a....u....d......i.....t.... please...
EDIT:
Result 1-0 of 0 for IGBank Beepus (0,00 seconds) Your search returned no matches.
you would trust him with all your isk, yet you TEST him with small amounts.. i dont understand.... isnt that an oxymoron?
This is a signature not related to EVE |
IGBank Beepus
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Posted - 2009.04.18 13:25:00 -
[223]
Apart from my previous reply thread, they way I see it is that there aren't too many 'banks' in eve. So Alec here has opened another one and he's doing a spot of advertising. What do u want him to pray someone opens an account with him? he's being honest about how he's doing it, he's not a banker by trade (so I'd trust him on that alone!) and I'm sure he has better things to do with his time than mess around with this.
Cmon banker guys lets have less slanging and more competition and maybe u can start a new type of business in the game. Competition makes things better for the customer, it's up to the customer to investigate the in's and out's. Personally I want to see more interest competition and see what happens. dont forget guys that there is NO reason for ANYONE to risk using an eve bank, my isk is safe (though static) in my wallet.
And i think this applies to you too alec, don't knock peoples maths or they will start ripping ur spelling :D Serious debate and constructive criticism is the way of the day
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Manalapan
Dynasty Banking
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Posted - 2009.04.18 13:30:00 -
[224]
Originally by: IGBank Beepus
Originally by: Kwint Sommer Do you know what's worse than someone's very first post asking for money? Their very first post, their introduction to the community, declaring that they've founded a bank. And do you know what's worse than someone's introduction to the community being a declaration that they have created a bank? Someone introducing themselves to the community with a poorly written business plan for the Bank they've created. And do you know what's worse than that? Having said bank pay less than the rates the most respected members of this forum are paying, not to mention EBANK itself!
I'm going to stop reading this before I have an aneurysm....
get a grip. now everyone given our current economic climate caused mostly by 'people with business plans' politicians allowing 'business plans' who the hell here trusts either a true banker or a politician? U my sound like your rl work is one or the other. Give him a dam break, the guys trying something new to him some complicated stuff. What do u do? knock it out of him. if u dont like it shut the hell up, dont give him a chance and dont post, he's not put himself here for people like u to slate him without constructive critiscm.
Comon Kwint what do u know about the banks founder? Id trust him with all my isk because I know he wont be going offline anytime, hes an honest person. This is not a slanging match, u dont like him and his business plan so just leave it.
Im testing him out with small amounts and ive known this guy pretty much since he started with his main. Its all checking out. Dont slate him, try it if it goes wrong then ill help u pod him for it ;) or just leave it
Alright, firstly by making this post you did nothing but hurt the credibility of IGBank. Your flame posting shows even more lack of professionalism which is quite an important attribute for an EVE Bank.
Secondly, this is constructive from Kwint you just have to look for it. His post said the following: 1) Do not make your first post on the forums asking for money. The reason behind this is that if you post around the forums we can get a better sense of who your are and what you know in terms of economics and business. 2) Poorly written business plan. This means that you were unprofessional in your first impression which helps very little in maintaining any trust in your bank. 3) Also, your rates are too low for a new bank. DBANK had 10% return to get off the ground.
Dynasty Banking |
LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.04.18 13:38:00 -
[225]
Originally by: IGBank Beepus
get a grip. now everyone given our current economic climate caused mostly by 'people with business plans' politicians allowing 'business plans' who the hell here trusts either a true banker or a politician? U my sound like your rl work is one or the other. Give him a dam break, the guys trying something new to him some complicated stuff. What do u do? knock it out of him. if u dont like it shut the hell up, dont give him a chance and dont post, he's not put himself here for people like u to slate him without constructive critiscm.
Comon Kwint what do u know about the banks founder? Id trust him with all my isk because I know he wont be going offline anytime, hes an honest person. This is not a slanging match, u dont like him and his business plan so just leave it.
Im testing him out with small amounts and ive known this guy pretty much since he started with his main. Its all checking out. Dont slate him, try it if it goes wrong then ill help u pod him for it ;) or just leave it
I was rather sad to see Alec keep digging his own grave.
But you just dug IGBank's grave even deeper.
Is it ever going to end? It's rather sad
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Ji Sama
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Posted - 2009.04.18 13:44:00 -
[226]
Originally by: IGBank Beepus Apart from my previous reply thread, they way I see it is that there aren't too many 'banks' in eve. So Alec here has opened another one and he's doing a spot of advertising. What do u want him to pray someone opens an account with him? he's being honest about how he's doing it, he's not a banker by trade (so I'd trust him on that alone!) and I'm sure he has better things to do with his time than mess around with this.
Cmon banker guys lets have less slanging and more competition and maybe u can start a new type of business in the game. Competition makes things better for the customer, it's up to the customer to investigate the in's and out's. Personally I want to see more interest competition and see what happens. dont forget guys that there is NO reason for ANYONE to risk using an eve bank, my isk is safe (though static) in my wallet.
And i think this applies to you too alec, don't knock peoples maths or they will start ripping ur spelling :D Serious debate and constructive criticism is the way of the day
who is your main? This is a signature not related to EVE |
Manalapan
Dynasty Banking
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Posted - 2009.04.18 13:44:00 -
[227]
Originally by: IGBank Beepus Apart from my previous reply thread, they way I see it is that there aren't too many 'banks' in eve. So Alec here has opened another one and he's doing a spot of advertising. What do u want him to pray someone opens an account with him? he's being honest about how he's doing it, he's not a banker by trade (so I'd trust him on that alone!) and I'm sure he has better things to do with his time than mess around with this.
Cmon banker guys lets have less slanging and more competition and maybe u can start a new type of business in the game. Competition makes things better for the customer, it's up to the customer to investigate the in's and out's. Personally I want to see more interest competition and see what happens. dont forget guys that there is NO reason for ANYONE to risk using an eve bank, my isk is safe (though static) in my wallet.
And i think this applies to you too alec, don't knock peoples maths or they will start ripping ur spelling :D Serious debate and constructive criticism is the way of the day
You would reply while I write mine.
1) Advertising in Jita local or any local for that matter is bad. This gives the wrong image. 2) Not banker so trust him. He has shown no reason for us to trust him. No offense to him but he hasn't. 3) I am all for competition but the issue is that he has been pushing this bank all the wrong way. He needs to take a step back formalize a presentation and the operation. (He needs to get you guys doing posts like your first one under control).
Dynasty Banking |
Krathos Morpheus
Gallente Legion Infernal Wildly Inappropriate.
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Posted - 2009.04.18 13:45:00 -
[228]
Originally by: IGBank Beepus
Originally by: Kwint Sommer True facts with crude wording.
get a grip. now everyone given our current economic climate caused mostly by 'people with business plans' politicians allowing 'business plans' who the hell here trusts either a true banker or a politician? U my sound like your rl work is one or the other. Give him a dam break, the guys trying something new to him some complicated stuff. What do u do? knock it out of him. if u dont like it shut the hell up, dont give him a chance and dont post, he's not put himself here for people like u to slate him without constructive critiscm.
It can be said more politely, but what he said it's true. It's not about the document, it's about how is he going to make the money. We don't know, do you? that's to be sure he doesn't fail/to have clues he's not scamming.
Quote:
Comon Kwint what do u know about the banks founder? Id trust him with all my isk because I know he wont be going offline anytime, hes an honest person. This is not a slanging match, u dont like him and his business plan so just leave it.
Do it, give him all your money. That don't change the fact that you're losing money doing so instead of putting it somewhere else. Fact is that you could lose it due to him not being able to produce the money needed to pay you back.
Quote: Im testing him out with small amounts and ive known this guy pretty much since he started with his main. Its all checking out. Dont slate him, try it if it goes wrong then ill help u pod him for it ;) or just leave it
This will not change nor prove anything (actually less than anything given your name). And he is still paying way less than what he should according to the risk level of the business.
EVE Knowledge
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.04.18 14:58:00 -
[229]
Originally by: Krathos Morpheus It's not about the document, it's about how is he going to make the money.
And Alec has already stated that he's actually LOSING money on bank.
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Selene D'Celeste
Caldari The D'Celeste Trading Company
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Posted - 2009.04.18 19:10:00 -
[230]
Originally by: IGBank Beepus he's not a banker by trade (so I'd trust him on that alone!)
Then you're an idiot.
Originally by: IGBank Beepus
Cmon banker guys lets have less slanging and more competition and maybe u can start a new type of business in the game.
Most MD folks are all about more businesses, even more bank competition. But it has to be quality -- whereas this is the opposite of quality (and competence).
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Dagda Morr
Seppuku Warriors
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Posted - 2009.04.19 09:52:00 -
[231]
So let me get this right -the "PR" person hired to answer question has not actually answered any of the fundamental questions that people have asked? I'm still not sure if this is a crappy scam or the OP and friends are just utterly naive?
You post to ask us to ignore previous posts or to "be nice" - explaining that the OP isn't qualified or competent to run a bank so we should just give him a break. You ask for our money but still can't put together a coherent business plan, suitable hardware to run the service or details of any corporate structure or governance.
All you are doing now is killing your reputations and that of your "bank" - there is no way in hell anyone except friends and idiots are going to give you money. Please just lock this thread and let it die along with the farce you call a bank unless you plan to actually provide a business case for us to use your bank - along with an audit and some answers to our questions concerning your business plan and governance.
Please resize sig to a maximum of 400 x 120 - Mitnal
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Samroski
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Posted - 2009.04.19 15:11:00 -
[232]
I met Alec a few days after Apocrypha release while exploring a wormhole. He has a second account (Darestelm), and the 3 of us had a great time exploring. His spellings were poor even then. We kept in touch, and a couple of weeks later he told me about his plans for IG-Bank. I like Alec, and to encourage him I deposited 10 million ISK in the bank on 30th March 2009, making me one of the first investors (or victims, as it may turn out to be).
Since then I have been on the IG-Bank channel (though not very active), and have seen the bank slowly develop. I noticed this thread earlier today, and have spent the last 2 hours reading through it. At times I felt sorry for Alec, though he should certainly have posted and responded more professionally.
I would like to believe that this is not a scam, and plan to leave my money in IG Bank.
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EVEHelpisSeriousBusiness
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Posted - 2009.04.20 00:30:00 -
[233]
poasting in a slow motion trainwreck thread
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Valandril
Caldari Ex-Mortis
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Posted - 2009.04.20 07:24:00 -
[234]
And when i thought that this topic already was left for slow dead, we got alec posting again \o/ /me grabs popcorn and shuts up coz he doesnt have anything nice to say
Please resize sig to a maximum of 400 x 120 - Mitnal Lemme go for that pixels and you got a beer - val |
JitaBum
Gallente Center for Advanced Studies
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Posted - 2009.04.20 11:03:00 -
[235]
I'm pretty dumb
hmmm gonna start an eve stockexchange imo
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Ji Sama
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Posted - 2009.04.20 11:15:00 -
[236]
Originally by: JitaBum I'm pretty dumb
hmmm gonna start an eve stockexchange imo
this guy is legit imo This is a signature not related to EVE |
The ChurchWarden
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Posted - 2009.04.20 13:49:00 -
[237]
It's still alive... Anyway I suggest anyone involved in IGBank prays to the creators of EvE Uni for them to create a secondary market managers class. This class will be 3-6 months long and at the end of it you may be competent enough to run a short term IPO for the community. Barring them creating one you may also pray that a benevolent group of MD regulars decide to start one as a way to stem to the tide of poorly thought out business ideas and encourage relevant posting.
OR barring that I still go with my intial suggestion of close bank / make self reputatable / reopen bank / with an added note of hope this PR nightmare can be somehow overcome with determination and hard work.
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skidoo
Amarr Armored Core Inc.
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Posted - 2009.04.26 16:26:00 -
[238]
just to throw in my 2 cents- i been banking with these guys since day one- and they are ligit thus far.
Easy to get money and automatically done.
Koodos to IG
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PublicRelations Kwint
Lothian Quay Industries
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Posted - 2009.04.26 16:41:00 -
[239]
Originally by: skidoo just to throw in my 2 cents- i been banking with these guys since day one- and they are ligit thus far.
Easy to get money and automatically done.
Koodos to IG
Well if a freshly rolled, character selling alt endorses them, how can I not invest? 20B ISK being wired now....
OP, seriously stop digging your hole deeper. Your bank -I feel dirty even using that word to describe this- is a failure and no number of alt's is going to revive it. It died a horrible, slow-motion train wreck of a death and it's time to just walk away from it. There's no resuscitating it, it's dead and now you're just smearing more of its blood on your reputation.
Purchasing and Shipping Moon Minerals |
Smox Rox
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Posted - 2009.05.01 15:52:00 -
[240]
Only partially on topic... but where did the Dynasty Bank site go? |
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Kitchie
Gallente Kitchie's Logistics and Marketing Corp
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Posted - 2009.05.01 16:07:00 -
[241]
Originally by: Smox Rox Only partially on topic... but where did the Dynasty Bank site go?
Yey! A question I can answer, I just wish it hadn't been in a thread that should have been laid to rest a LONG time ago!
DBANK Website - Link
DBANK latest report - Bedtime reading Dynasty Banking - DBANK |
Kitchie
Gallente Kitchie's Logistics and Marketing Corp
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Posted - 2009.05.01 16:48:00 -
[242]
Yikes, looks like there's a DNS problem with the DBANK site.
Kitchie nervously waits for the technicians to come sort things out...
Dynasty Banking - DBANK |
Smox Rox
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Posted - 2009.05.01 16:54:00 -
[243]
Originally by: Kitchie
Originally by: Smox Rox Only partially on topic... but where did the Dynasty Bank site go?
Yey! A question I can answer, I just wish it hadn't been in a thread that should have been laid to rest a LONG time ago!
Heh, yeah I found the "correct" thread involving the March Report shortly after posting this. Thanks for being on top of it. I'm sure you can excuse my anxiousness to get an answer quickly (and relief that I got one).
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Kitchie
Gallente Kitchie's Logistics and Marketing Corp
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Posted - 2009.05.01 17:23:00 -
[244]
The Dynasty Banking website will be down for approximately 48 hours starting May 1. We are moving our forums and website over to a new server. Deposits and interest payments will still proceed as usual just during this timeframe all functionality of the website will not be available.
(die thread, die! Please die! My hands are dirty enough already..... )
Dynasty Banking - DBANK |
IGBank Alec
Caldari IG - BANK
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Posted - 2009.05.03 11:22:00 -
[245]
Hey guys, Just an update i've got that business plan almost fully written (as you should know i have exams coming up) O and the sites been completely redone, using CSS now, to get it to work ingame, i shall see what the IGB can do in terms of CSS - Ebank did it, so i might just reference theirs
ive also been naughty, so my punishment was: not using computers so my servers only up when i am allowed to (basically not during the night, as i am fine going late as long as its not found on in the morning) so the sites been up and down in the last 2 weeks (i think) more times then my voice last year
But yes IGB is still going, also very clever DBANK - sneaking abit of advertising in there.
Just for those of you who think its a scam, its not. end of and yeah, everythings going well atm just done some session id's for security but that's going well, not carried forward by most pages though (so you will get signed out if you visit a protected page without the key)
the hourly interest thing has'nt been a prob, and ive been monitoring its growth. ive started to apply graphs to area's of the site now. and thats basically it Take care all
Alec
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Ray McCormack
hirr
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Posted - 2009.05.03 12:48:00 -
[246]
Originally by: IGBank Alec Just for those of you who think its a scam, its not. end of
There's little difference between a scam and long-term accountability. If you disappear in six weeks because your folks decide one too many maul tantrums is reason enough to take away your toys then you've effectively scammed individuals out of their hard earned ISK by your actions.
| Auction Prowler |
IGBank Alec
Caldari IG - BANK
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Posted - 2009.05.03 13:18:00 -
[247]
not really, i mean all we have to do is take a recent backup, install it on another server, and go from there. i am not the only one taking backups even if somebody deposits after the recent backup, the backup restored on the other server will update, and detect it. business goes on. i also have a laptop (which i am on now) so i am never 100% cut off from eve and it wasn't a tantrum btw, remember i said i have ADHD, my 4 o'clock school day bed time scheme got found out, 3 years after it started but none the less. TBH i think i got a rather mild punishment, none the less i am in bed on time now, and being as good as i can be.
Also as another layer of prevention, i am messing around with database clusters, only on virtual machines, but MySQL 6.0 makes it possible. but at the death, i could always write some shadowing program in C++ or w/e
Anyway its secure, i just wanted to point out the "not up at night" thing
Alec
Another thing that's being planned btw is to cluster the site itself, bit like mirroring, but you need a master anyway, banks running for now. And i will see to it that should we close no-one looses there isk although we dont plan to close :)
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Sir Elliot
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Posted - 2009.05.03 19:08:00 -
[248]
This thread is still going on? Why are people still posting in this scram thread like it's not a scam thread?
Let this thread die in peace already.
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IGBank Alec
Caldari IG - BANK
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Posted - 2009.05.04 09:59:00 -
[249]
No lets not, IGBank is still going, let this thread still go on. Its not a scam, you think it is, then dont invest and dont get involved.
Alec
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YouGotRipped
Ewigkeit
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Posted - 2009.05.04 10:08:00 -
[250]
Originally by: IGBank Alec No lets not, IGBank is still going, let this thread still go on. Its not a scam, you think it is, then dont invest and dont get involved.
Alec
How much do you want to go away and take your scam off these forums?
Black Sun Empire |
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IkillYOUpainuffly
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Posted - 2009.05.04 10:11:00 -
[251]
Edited by: IkillYOUpainuffly on 04/05/2009 10:11:38
Originally by: YouGotRipped
Originally by: IGBank Alec No lets not, IGBank is still going, let this thread still go on. Its not a scam, you think it is, then dont invest and dont get involved.
Alec
How much do you want to go away and take your scam off these forums?
What scam?
[naff did that character thing again] Alec
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.05.04 10:15:00 -
[252]
Originally by: YouGotRipped
Originally by: IGBank Alec No lets not, IGBank is still going, let this thread still go on. Its not a scam, you think it is, then dont invest and dont get involved.
Alec
How much do you want to go away and take your scam off these forums?
I'd pay for that.
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YouGotRipped
Ewigkeit
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Posted - 2009.05.04 10:18:00 -
[253]
Originally by: IkillYOUpainuffly
What scam?
[naff did that character thing again] Alec
What IGBank?
Black Sun Empire |
Lecherito
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Posted - 2009.05.04 10:44:00 -
[254]
How is this thread still alive?
-L
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Weight What
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Posted - 2009.05.04 13:02:00 -
[255]
Originally by: Lecherito How is this thread still alive?
-L
Because you all keep poasting here.
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Annonymous, trading as "Weight What". |
Goth Vanhielga
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Posted - 2009.05.04 20:27:00 -
[256]
Originally by: IGBank Alec
Originally by: Chaos Dreams
Originally by: IGBank Alec Before anyone starts ripping appart my spelling btw, i am Dislexic, but i do my best.
This is possible, of course. But I think you should see about having youself re-diagnosed. I think you might actually be suffering from CATP (Can't be Arsed to Type Properly) Syndrome, which is often mistaken for Dyslexia.
It's easy to distinguish the two: There's nothing that prevents a dyslexic individual from using a spellcheck. And, for example, a spellcheck would easily prevent errors such as using "teh" for "the" or spelling "dyslexic" as "dislexic." However, when it comes time to spellcheck, a person with CATP still can't be arsed.
Since you're here trying to drum up interest in a big new project, and want people to put their faith in you, you'd think you'd make the extra effort to make this initial proposal as appealing as possible. That includes a spellcheck. Or, you keep saying we, so why not have your partner(s) make this post, or at least go over it? Or are they all dyslexic too?
If the extra minute or two of effort to spellcheck is too much for you, why should we believe you have the drive and dedication to manage our ISK?
Hmm, cos spellchecking has so much to do with leaving a character allone for ages, while feeding api data to a web bassed app
and i do have dislexia, i have a statement that says it (and ADHD and Aspergers) so yeah, you can take your made up crap and stuff it TBH - its pointless. now the and teh - yeah thats typing, but a disleic trate none the less, especially as typing involves two hands - and i am not a slow typer, spell check would help, but if you are to dumb to work out what teh is - then you shoulnt be worring about banking in eve should you? Cmon guys. logical, sensible even questions please, not a constant stream of put downs
alec
I have aspergers too, to the point of being focused/non-functional. When I get really focused on a problem I won't eat or sleep until I've thought it completely through.
Either way, a doctor's note doesn't excuse you from being accountable and responsible. Spellcheck is available on any number of free programs (including firefox that will spellcheck right in the browser). I think you're doing those with disability a disservice by taking the "easy" way out and allowing your "disability" to be an excuse.
If you want a serious response, put forth serious effort. I agree with the reply that spawned the quote above. If you want to play with the big boys don't complain about being held to the same standards.
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EVEHelpisSeriousBusiness
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Posted - 2009.05.20 05:01:00 -
[257]
Just poasting to confirm that IGBank Alec has agreed to underwrite my newest scam^H^H^H^Hpublic offering. He's been a great help and I can't praise him highly enough.
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CCP Applebabe
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Posted - 2009.05.20 06:18:00 -
[258]
Locked.
Applebabe Community Representative CCP Hf, EVE Online Contact us |
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