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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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