Business And Economy Archive
Thread: New Profession : The Banker
Mastodon wrote:
Player 1 gets a loan, tips it to his main account, deletes char. Player 1 gets a lon, tips it to his main account, deletes char, and so on...
God what a moron he clearly stated above that if a character account was delted the money that was loaned would be redeemed to the banker. I.e. U take a loan and tip it to ur main account. You delete the secondary character. The money you just tipped is redeemed to the banker..........
Uh, how is the money redeemed to the banker? Does it magically withdraw itself from another person's account? And whose account would it pull from? Consider if the money was tipped to different people. There is no game mechanic for what the poster proposed as a means to keep bankers from being defrauded. And what happens if the defaulter tips the money to a character who then buys something with the credits. I doubt that SOE is going to try very hard to track down laundered money, it would be a lot less of a headache for SOE if it didn't implement this idea in the first place.
rubianatwarcry wrote:
Mastodon wrote:
Player 1 gets a loan, tips it to his main account, deletes char. Player 1 gets a lon, tips it to his main account, deletes char, and so on...
God what a moron he clearly stated above that if a character account was delted the money that was loaned would be redeemed to the banker. I.e. U take a loan and tip it to ur main account. You delete the secondary character. The money you just tipped is redeemed to the banker..........
amule76 wrote:
everyone stop this insanity.
this idea goes all the way back to the original beta. A SAFE WAY TO LOAN YOUR OWN MONEY TO ANOTHER PLAYER.
it isn't complicated at all...the same mechanics used in taxes inside player cities is used here as well. automatic weekly deductions. and a cap on how much one person can loan out.
this is just one of the many updates that are on the back burner because it is not central to the main game processes.
they already have the idea....just never decided to code it and put it in the game.
Finaly someone here who thinks the idea is good :-) thx
ZeVoyager, don't let the naysayers get you down.
"It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat." -- Theodore Roosevelt, The Sorbonne, Paris, France, April 23, 1910
--Flatfingers
Flatfingers wrote:
ZeVoyager, don't let the naysayers get you down.
"It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat." -- Theodore Roosevelt, The Sorbonne, Paris, France, April 23, 1910
--Flatfingers
I honestly know that the idea needs working but i am sure that SOE can do it . Cause it is based on mecanics already embeded in the game. Now maybe we should only let the BANKER buy "things" instead of givingmoney as loans , but i know it can happen and i will be glad to be the first banker :-)
It could work this way though -
A banker can craft "bank books" like credit chips. A player can put money in or take money out of one, or give it away. While money is in the chip, it gains x% annually on the balance, prorated per day. He can set the x% when crafting it. While money is in the chips, it goes to a special account the banker can access - his "bank assets". The total on the "bankbooks" can exceed the total in the account (it almost certainly will). If folks start cashing in their accounts, and the bank runs dry, then the money starts coming out of the banker's personal account until he goes broke.
He can draw money from that account to make "loan chips". A loan chip has entries for Principle, interest (simple interest for the life of the loan) , and number of payments. They can be traded, but can only be kept in inventory or the safety deposit box. Every 24 hours, the server runs through and deducts payments as incidcated and puts the money in the "bank assets" account of the banker who made the chip.
The way this works is -
Bob the banker annouces he's opening a bank. He crafts a bank book for himself and puts 1Mcr on it at 5% interest, thus setting up his own payroll. Note that if the bank folds, Bob's going to be paying himself the interest - no new money in the game.
Ned Newbie comes by and wants to borrow money. Bob crafts a 5kcr chip at 8% simple for25 daily payments. Ned's going to be paying out about 202cr/day, but the bank assets will go up by a whopping 50cr. Ned can use the chip to withdraw up to 5kcr to his regular bank account.
Mike the Miner has 500kcr on hand, but wants to upgrade all his medium harvs to Large 13BERs. He figures he needs another 500k for about a week. Bob crafts a 500kcr chip at 5% simple (he figures Mike's a better risk) for 7 days. Each day of the week, the chip auto-deducts 75k from Mike's bank account (500k x 1.05 / 7) . The bank ends up ahead by 25kcr
Richy Rich realizes he has something he can do with the 50Mcr he has left after buying 3 AV21s and a large house. He invests 20Mcr into the bank. Bob worries about making the interest if Richy withdraws it all, and they talk it over and decide on 1.2% per year. This is about 500k/month, plenty for Richy to make maint on everything, and he's happy.
Bob now has a lot of money he can loan out to people starting businesses and get the economy moving.... and no new money has been added.
Side suggestions: Hitting negative on a loan generates BH mission as listed above. Each time a player attempts to withdraw from his bankbook account and the bank doesn't have the money, a BH mission is generated for the banker.
oracomm2 wrote:
while it looks likeyou put alot of thought into it... it won't work for this reason.
Player 1: Goes gets a loan for 2mil to buy Awing.... get 2mil..... doesn't buy awing...keeps cash.
Player 2: Goes gets a loan for 2mil to buy Awing.... get 2mil..... doesn't buy awing...keeps cash.
Player 3: Goes gets a loan for 2mil to buy Awing.... get 2mil..... doesn't buy awing...keeps cash.
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Player 50,000: Goes gets a loan for 2mil to buy Awing.... get 2mil..... doesn't buy awing...keeps cash.
100,000,000,000 credits added to game and no way to force people to pay it back.
so a bounty is placed on the these players..... great player 1 now has a bounty on his head... player 50,001 accepts the bounty (these guys are friend) kills player 1 collects on bounty... and makes even MORE money. Repeat addnauseum.
ajjordan wrote:
yah, I don't think this would be posible, say one buddy is deciding to quit the game and takes a huge loan and buys a bunch of junk from another buddy then quits just so his buddy can get some cash. Sounds to complex
Let us suppose that there is no CASH LOANS ? okay , if you need anything the banker buys it to you , with respect of ownership till you pay it off completly to the bank .