Clarification about Entropia banking operations

[Vap0r]

Wow, no more kid gloves lol. An interesting move, but I think most of us saw that coming no? Honestly, I can't blame them for wanting to protect those that have made a large investment- wouldnt you be upset if you just dropped that kinda of money? I am a bit at a loss understanding this though:

YOU ACKNOWLEDGE THAT MINDARK SHALL NOT BE LIABLE TO YOU FOR THE LOSS OF ANY DATA OR ELECTRONIC FILES, INCLUDING, BUT NOT LIMITED TO, ACCOUNT, AVATAR AND ITEMS, FOR ANY REASON WHATSOEVER INCLUDING, BUT NOT LIMITED TO, SERVER FAILURE, INTERRUPTIONS, INTERNET LATENCY, VIRUSES, DEFECTS, ERRORS, AND NEGLIGENT ACT OF MINDARK AND/OR ITS AFFILIATES.


Pandora's box, part two

[Bonez]

i have do my result about the game now and i must say its the biggest crap i ever have seen in 20 years gameplaying.

[Venus]

Originally Posted by Bertha Bot

any loan services offered outside the approved bank system will be considered by MindArk as scam attempts

LOL
You guys at MindArk always have the most awesome and fancy excuses...!

Why dont you just say:

Hey, we received complaints from the right people. On account of this we will do our best to "protect" the official Bank-Licenses.
Sorry for legalizing your business a few days ago, but now it`s not legal anymore since some well connected players and investors cryed about your activities.

Everything else I will consider as lame excuse and simple lie.

Over&out V

[Hammersmith]

Originally Posted by Bertha Bot

Clarification about Entropia banking operations
04 June 2007
Therefore, any loan services offered outside the approved bank system will be considered by MindArk as scam attempts Originally Posted Here

why? Why does it suddenly become a scam? and what makes it any different from the so called banks (which none of them are) services? A scam would be claiming you have real life banks involved when you don't, just resellers of financial services none of which are licenced as real banks

Originally Posted by Bertha Bot

Clarification about Entropia banking operations
04 June 2007
and the avatar offering such services risk a permanent lockdown of his/her account.

fuck wits

[Nihilist]

I think as another poster stated...

attempts to sell items on the street should be scam attempts as well.

all those shops aren't going to pay for themselves.. - ; P

kill two birds with one stone and just remove the trade feature all together.

and at that point why not just remove player interaction?... force us only to deal with terminals and NPC's.

better yet i'll just install that single player game that uses the same game engine.. - ; P

[Art Ludgren]

Originally Posted by slither

As I said in another thread, MA should protect my investment in my shop by banning all street traders.

coughbullshitcough

buy a shop from them for 100K USD and they just MIGHT!

Art

[Tussi]

Originally Posted by thoreau

Here is the way I see this:

The community wanted a loan system in place.

MA did not provide a loan system in a reasonable time.

The community developed a loan system on their own initiative. They developed trust in the community and offered good service at a fair price.

Services got offered, but fair price is IMHO debateable... did it back then and got bashed for it - so i skip that part here.

MA finally added a loan system.

The final proceedings are still unknown to us 'normal' users. Unsure if the winners of the bank action are better informed yet about the exact proceedings. But all hints point into 'gimme item as collateral and i give you PED against interest' (=pawnshop).

MA needs to protect the financial investment of those that purchased bank licenses.

Why?
It happened here more than once that an auction winner had to see that his investment dropped in price (minor tp chip anyone?).
Entropia Universe is dynamic.
That's the line which is fed to players by support on a daily basis.
Why not this time pass this line to 5 more customers complaining about unexpected twists of the percieved game mechanics?

In the past MA has said that they wish to create a platform for us, the community, to live in.

Also known as 'good old times'?

Yet here we see MA acting like a gov't.

Which can be good or bad. That depends on the view the goernment has on on it's relation between itself and the population.

They are saying they need to pass laws in order to protect the citizens from dishonest traders.

The road to hell is plastered with good intentions.

Ideally an government is there for the people. Problem is that there comes a point where a government get that self-absorbed that the interests of the population is lost in the process. Normally then the population starts to feel threatened, then the government starts to oppress them to keep control.

Nothing different happens currently in RL in many countries.
Just look at the news from around the world.

I'm sure that in the long run MA's actions are for the good of us all.

Only one quote comes into my mind here: Freedom is slavery.

Yet, I feel troubled by the move.

Same here.

Hopefully we won't see more of this.

Point is: the longer you take the crap you're fed - the worse it'll get.
As soon as you stop taking it the worst part is over.

It seems that EF should shut down and lock many of the services threads that offer loans as now they are seen as 'scamming' attempts.

It would be sad to see EF (and a related service on which EF is based upon) shut down because of lack of users left.

Tussi

[BlackMagicWoman]

The sad part is that they stole the idea and now they are basically trying to get rid of the people who had this idea in the first place and then exploit it.
On our own expense that is...
I am REALLY wondering who are the real scammers in all of this matter...

[LostInEntropia]

Ok now, here's how I see the possible future if we don't get a statement about unlicensed stock systems and if there is nothing wrong with it from MA's part :

"I'm going to issue 10 million shares based on the value of my avatar and my items. So let's start at 1 ped each. Buy them now before someone else does ! I guarantee you gonna get filthy rich soon !!!
And for security, I will pawn all my items to the nextdoor licensed bank, so it is fully guaranteed safe investment Ok the items themself are hardly worth it but you never know when they go up in value. And you know blabladisclaimerdon'tgivemeanythingyoucan'taffordt oloose.

Hurry now to Safecertifiedvirtualstocks.com and get yourself registered. I will personally meet with you ingame to help you off those nasty peds you don't need right now. You are buying yourself a part of the virtual future, anything can happen, get rich, buy my stocks !!!"

[Akoz]

Originally Posted by Bertha Bot

Therefore, any loan services offered outside the approved bank system will be considered by MindArk as scam attempts and the avatar offering such services risk a permanent lockdown of his/her account.



Originally Posted Here

Pfft.. how's this for a policy change:

22 May 2007 You wrote:
Hi
The five "banking" licenses you sold guaranteed the buyers a bank, a NPC and access to your pawnshop system. Is it still allowed for other players without a license to run pawnlike shops ?
28 May 2007 Entropia Support:
Hi,
The bank systems are safe systems where all transactions are defined and guaranteed by MindArk PE AB. If participants want to use pawnshop services outside these safe systems, we cannot object to that, but we also cannot offer support if problems occur.

Regards,
Entropia Support