Clarification about Entropia banking operations

[Proppen]

is it legal anshe chung sell ped to linden dollar? from she banking license?

[JackFree]

Originally Posted by ragethecorp

[sarcasm]You're right, CBE totally stole the idea from MA. MA made up the idea on their own and had no help from players such as...idk... Teilk, who was in CBE.[/sarcasm]

How can you not see that MA stole the idea? And that CBE had every right to create a business?

So I guess we don't get all the features they promise.

Does creating banks with the exact same idea as Teilk considered "copy[ing] materials submitted by other Participants"? If not, it should.

Can we please stop with the "MA stole the idea" crap? I thought we established long ago that no theft took place.

Originally Posted by Teilk

Just to clear things up. I have not once said that IP was stolen, and I am one of the most directly affected by MA's policy reversal. That has not been the basis of the complaint since the beginning (though a great number of you fail to see that).

The primary reason for the uproar (for those of you who still dont get it after over 1k posts) is the sudden policy reversal. One days its "no, this biz is not ilegal, but as our policy is that all trades are final, we cannot assist, should a support case arise from this business". That is understandable, and even handed. The next day, after the new "bankers" cry a bit, its "all loan services outside of the licensed spectrum are attempted scams".

Those are the reasons for the uproar, not IP, not a stolen idea, and certainly not because I was the first to lend money (the idea is as old as money).

Hope that clears things up for the poeple who have yet to understand the uproar.

Cheers

[Bubba]

Originally Posted by ragethecorp

[sarcasm]You're right, CBE totally stole the idea from MA. MA made up the idea on their own and had no help from players such as...idk... Teilk, who was in CBE.[/sarcasm]
How can you not see that MA stole the idea? And that CBE had every right to create a business?

Several conversation in this thread established that there was no unique business plan to be stolen by MA. So let's not go there, again.

So I guess we don't get all the features they promise.

Now, THERE'S a leap of (il)logic.

Originally Posted by EULA
In connection with Participant Content, you agree that you will not:...(e) copy materials submitted by other Participants

Again with the dead horse.

The idea of a loan service was nothing new, and MA took the business plan to a new level of capability that none of the aspiring bankers could, with secured, guaranteed transactions.

So, again, no legitimate bankers were "forced out of business" by MA selling the licenses. And the clarification (which was the result of much demand for said clarification from certain individuals who did not get the licenses) is very specific, so no legitimate business venture is going to be closed, due to the licensed banks.

Now bury the damned horse and let it RIP.

[ragethecorp]

I'm very sorry for "beating a dead horse." Sadly, I haven't really kept up in this thread and I must have missed that conversation. My apologies.

Originally Posted by Bubba

Now, THERE'S a leap of (il)logic.

Please, explain what was so illogical about my statement. In the features it says you can create a business if you are clever enough to come up with one. CBE was a business, they came up with a joint banking business, MA didn't let them do it. Please tell me why I am wrong saying that MA did not allow CBE to use that feature.

[Teilk]

Originally Posted by Dumbass

So, again, no legitimate bankers were "forced out of business" by MA selling the licenses. And the clarification (which was the result of much demand for said clarification from certain individuals who did not get the licenses) is very specific, so no legitimate business venture is going to be closed, due to the licensed banks.

.

This post verifies that you are indeed lacking in the ability to comprehend anything that is going on. (Dumbass is the short way to say that, thus I will now simply refer to you as "Dumbass")

I am unable to advertise the fact that I would be willing to lend peds for a fee, which I have done for a good while. That is tantamount to being forced out of business, as the great bulk of my revenues came from said advertising. Please think before you post, and I will consider removing your new name.

[Bubba]

Originally Posted by ragethecorp

I'm very sorry for "beating a dead horse." Sadly, I haven't really kept up in this thread and I must have missed that conversation. My apologies.


Quote:
Originally Posted by Bubba View Post
Now, THERE'S a leap of (il)logic.

Please, explain what was so illogical about my statement. In the features it says you can create a business if you are clever enough to come up with one. CBE was a business, they came up with a joint banking business, MA didn't let them do it. Please tell me why I am wrong saying that MA did not allow CBE to use that feature.

Well back to the item you quoted:
"The depth of the virtual universe also allows the clever to make a living or run a virtual business. Many opportunities exist to open shops, trade resources and test your entrepreneurial spirit by investing in equipment, knowledge and skills to compete with others."

This is all true. Anyone can begin a business. Nothing has changed there, except, perhaps for those who are not clever.

Start with the fact that CBE tried to crank up their business AFTER the licenses were sold.

They were NOT prevented from starting their banking, but instead, decided not to pursue it.
They made this decision after they forced MA to take a stand, and issue the clarification, which stated that only licensed banking would be supported.

MA was forced to make the statement that began of this thread, because someone who did not purchase a license requested, even insisted upon, the clarification.

Fact: neither Teilk, nor Akoz had a going business that was forced to close by MA.
Fact:
The stand on non-licensed lending operations does not affect players ability to conduct business, if they are clever enough to come up with a business to pursue. Even now, they have not shut down any active loan services. If Teilk so desired, he could have been offering loans all along, but he has now wasted the better part of a year.

[ragethecorp]

Originally Posted by Bubba

They were NOT prevented from starting their banking, but instead, decided not to pursue it.
They made this decision after they forced MA to take a stand, and issue the clarification, which stated that only licensed banking would be supported.

You do realize that CBE and the licensed banks are different businesses, right? When the investors paid that money it was not just for the ability to loan money for items. They also got a building, which they could design and make exactly to their liking, and they also bought 24 hour service. Obviously CBE would have had no place where you could find a loan 24/7. You would have had to contact them on EF, find a time and place to meet ingame, and hope nothing irl prevented you from meeting.

Originally Posted by Bubba

Fact:
The stand on non-licensed lending operations does not affect players ability to conduct business, if they are clever enough to come up with a business to pursue. Even now, they have not shut down any active loan services. If Teilk so desired, he could have been offering loans all along, but he has now wasted the better part of a year.

Fact:
If CBE had decided to run their business anyway they ran the risk of getting banned.

Originally Posted by The Clarification

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.

Where in there does it say that unofficial banks can run until the official banks are ingame?

[Roth]

Originally Posted by Teilk

This post verifies that you are indeed lacking in the ability to comprehend anything that is going on. (Dumbass is the short way to say that, thus I will now simply refer to you as "Dumbass")

I am unable to advertise the fact that I would be willing to lend peds for a fee, which I have done for a good while. That is tantamount to being forced out of business, as the great bulk of my revenues came from said advertising. Please think before you post, and I will consider removing your new name.

I wouldnt really be intrested in lending peds from you for any fee no matter how low, because of your constant lack of respect for other players opinions.. you always have a tone of "me me me me me me me" in your posts as i have pointed out in the past, and insults do not make it any better. which ofcourse make sure that I have no respect for you at all. thats beside the point but it really would be nice to see you take the higher road for once in your posts (im only refering to this thread ofcourse, i have no idea if you always show the same attitude or lack of)

and NO you were not forced out of business, you made a choice.. the choice to NOT buy a licence so you forced yourself out of business. But from one of your previous post i assume you wasnt commited enough, you said something like "i stopped ledning out money because i had more need for it irl", and if i remember correct you had to have atleast 100k or 1000k ped on your account within a month to be allowed to keep the licence to assure a good banking service.
so mate, you cheaped out on the investment and now your angry because you cant both have the cake and eat it, and insult people who disagree with you. yes yes you may be upset about a bunch of other things as well but this is the core of it

[Bubba]

Originally Posted by Teilk

This post verifies that you are indeed lacking in the ability to comprehend anything that is going on. (Dumbass is the short way to say that, thus I will now simply refer to you as "Dumbass")

I am unable to advertise the fact that I would be willing to lend peds for a fee, which I have done for a good while. That is tantamount to being forced out of business, as the great bulk of my revenues came from said advertising. Please think before you post, and I will consider removing your new name.

It is not I who fails to comprehend.
Call me what you wish. I seldom concern myself with the character analysis from the likes of yerself.

And the facts do, indeed, speak for themselves.

You ended your "business" in January.
You could have been doing this all along, and could have continued until the licensed banks are active, but you chose to end your business, long before the licenses were sold.

Now you want to whine about how you have been screwed? PAH!

Since you were not "in business", you were not "forced out of business."

[Bubba]

Originally Posted by ragethecorp

You do realize that CBE and the licensed banks are different businesses, right? When the investors paid that money it was not just for the ability to loan money for items. They also got a building, which they could design and make exactly to their liking, and they also bought 24 hour service. Obviously CBE would have had no place where you could find a loan 24/7. You would have had to contact them on EF, find a time and place to meet ingame, and hope nothing irl prevented you from meeting.

Yes, I realize all of this. So, why would I (or anyone else, for that matter) choose to do business in this manner? There is exactly the problem, this has too many opportunities for something to go wrong. The licensed operations fix much of that, But, all that is irrelevant to this discussion, too.

Fact:
If CBE had decided to run their business anyway they ran the risk of getting banned.

Well, that is certainly what the Clarification states.

Where in there does it say that unofficial banks can run until the official banks are ingame?

Where does it say they cannot?
(And there are players doing exactly that.)