Clarification about Entropia banking operations

[Tangine]

Nice way to enforce a monopole, after finding out that maybe there was no need for licenses. Now they don't say there is NEED for license, but that you MUST have one anyway.

This is how things are done :
1) Create a tool without enough thinking, to compete with game "X" that introduced that tool.
2) Realize your own game already have this feature, on a player-to player-service basis.
3) Realize the money you invested in making that tool is now in jeopardy.
4) Realize investors that followed you in that venture are getting touchy about it, and suggest you fix the situation.
5) Make it mandatory for any player to use the new, unsufficiently described tool, so that using the existing pvp service is now illegal.

That's how a government fights drugs : they make a crappy one, and forbid all other drugs. You can only have the governmental fix.

I am so happy that Mindark finally show their true face : this real cash economy is not capitalism, it is not communism, it is not socialism, it is totalitarian all the way. Big brother just got bigger... Enjoy !

[Arkonen]

Originally Posted by ThunderCat

thats f`d up but i guess its for our best interest.

Sorry Thunder but i really don't agree with that.

Most of us can "proctect" ourselves from scammers. This is just to the best interest of the bank/pawn shops owners.

[ThunderCat]

Originally Posted by Arkonen

Sorry Thunder but i really don't agree with that.

Most of us can "proctect" ourselves from scammers. This is just to the best interest of the bank/pawn shops owners.

true that but some cant,so its like a sacrifice for the majority.
i dont agree to it im just saying how it looks to me.

[Tangine]

Originally Posted by ThunderCat

true that but some cant,so its like a sacrifice for the majority.
i dont agree to it im just saying how it looks to me.

I think you're giving them way too much credit here. Read my post above for clarification...

[ThunderCat]

Originally Posted by Tangine

I think you're giving them way too much credit here. Read my post above for clarification...

again,i didnt say i agree to them

[RazorFire]

This is a disappointing and inconsistent U-turn in policy. Just a week ago, it was...

"This doesn't mean other ventures such as desscribed above are un-authorized, only that if anything would happen during such dealings, MindArk will not offer support - as in, "all trades are final" (as they are considered trades, not "loans")"

but now, they are unauthorised.

Some respected members of the EU community have now had time and effort that theyve put into such ventures completely wasted. Especially to state that any such action would be considered a scam is completely out of context and inappropriate.

I'm all for the banks, but I'm all for private enterprise and ingenuity within EU too.

Bah

[Teilk]

Originally Posted by ThunderCat

thats f`d up but i guess its for our best interest.

It would be in the "best interests" of the playerbase to have free and open competition, with regards to all professions.

Just a personal opinion.

[andy5579]

Wow, thats crazy. I can see that they dont want to annoy the people who just pumped tens of thousands for the bank licences, but wow. I am now wondering too...will the banks be able to loan out items as well as peds? I would see this as a much more viable loaning system, as then I would even go to a bank to try out some items that I would never be able to afford!

[Aziphirael]

Originally Posted by NightwolfAA2k5

Hmm... I guess shares are out of the question too... Like those ones in ACS (Anshe Chung Studios or whatever)

Not sure, thats still bit of a grey area given previous comments from Marco. It looks like its only loan services being specifically targetted by the statement. But I would say in the general scheme of things the risk of investing in ACS has increased, although with ACS being a holder of a bank license that further muddies the waters.

[Teilk]

I really appreciate the fact that MA has been kind enough to label all of us that have worked so hard for years to build an unblemished reputation that allows us to operate such businesses successfully with such pleasant terms as "scam attempt", and "permanent lockdown of account".


I am truly amazed that MA would pull such a stunt, though I know I should not be. the sudden reversal of policy is interesting as well. First it was more along the lines of "use at your own risk", now its "we will lock anyone who wants to compete in the free market".