Quote:
Originally Posted by Marco|MindArk
To clarify the clarification - MA will target avatars who state they offer loan services (or equal) as business (and not having a virtual banking license). Private loans, the borrowing or lending of items/money between friends, is not the target.
Newcomers come to Entropia, they have read about the banking license and assume baning is safe in Entropia. All banking. When they get fooled by a scammer bank avatar they lose all trust in Entropia and in MindArk. It creates support cases, grief and anger. Many newcomers doesn't really understand the concept of virtual items having real value until after something bad happens. This time we wanted to act before the situation gets out of hand, and to protect the community and add safety to the virtual environment. Many of the newcomers today don't have the knowledge or insight of the culture and mechanics in Entropia, thus meaning MA must add means to protect them.
As to scammers in general, MA is locking accounts due to scams and frauds. Maybe we should have a weekly posting of "Accounts locked since last week" somewhere to have transparancy, maybe we should add the number of warnings an avatar has when people interact with the avatar. Obviously there are things that can be improved.
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Marco-
Thank you for clarifying this makes more sense. Next time, I would not use the term "scammers" so lightly. I think this message would have got through without calling potentially legitimate businessmen "scammers".
As for protecting the banks,
MA is just doing what they need to do, regulate business in
EU.
As any economist will tell you, protecting property rights is one of the most important, if not the most important foundation of an economic or political system.
In this case,
MA is protecting the Bank owner’s rights to their license. A strong economy is a balance between free market and regulation, and in this case a little regulation was needed.
MA used some really stupid wording but the idea to protect the rights of the bank licensee’s is the correct choice for a stronger
EU.