Clarification about Entropia banking operations

[Optima]

Originally Posted by kira-red

they most certainly are not. they are unofficial, unsecured fake stocks. in fact, the scheme fits into the discription MA provided - just replace the word "loan" with "securites".

of course, there currently are no licences for stock brokerage within EU. the exchange and terminals still exist though, so a reasonable conclusion is that MA does intend on having this functionality - in a secured, official manner.

the fake stocks have no voting power and no value other than that which you yourself may put on it. buy one for 1, sell it for 1.05, buy it again at 1.1 sell it again at 1.25. add to the hype about how great it is. it's re-seller heaven.

in the meantime, anshe recovers her investment and rakes in a whole pile of cash as profit. she laughs at all the stupid investors who paid her money to accept a free pawn shop in EU. a free pawn shop that can only make more money - even if it is only a little.

Hence my "guess we'll have to wait for an official statement on it from MA before we know exactly wtf is going on there" part of post?

[kira-red]

Originally Posted by Optima

Hence my "guess we'll have to wait for an official statement on it from MA before we know exactly wtf is going on there" part of post?

yeah. although, I suspect that they're not going to say anything about it for fear of offending one of their high profile customers.

I wonder what would happen if someone else stared such a fund. the rules seems to be often selectively enforced.

if I was one of the mall owners, I'd certainly give it a go.

[DeeDee]

What MA really need to do is implement a basic secure player-to-player loaning system for everyone to use.

[dolera]

from this i can conclude but one thing:
MA is serious about enforcing the 'exclusive' pawnshop rights.
As there is virtually no difference between pvp loaning and the use of a virtual bank (and this statement is reinforced by this MA statement), they somehow have to stop CBE et alii - to enforce the exclusiveness of the 'banking' licences.
This basically means MA further limits the rights of other participants, just to give them to a 'chosen' few that paid them with hard cash.

roflol, draw your own conclusions about the road this 'universe' is taking. Just one thought: When will they auction exclusive hunting licences?

[Astelle]

We dont need Bank!
We can just use Pawnshops, a pawnshop is not a bank! And should not violate the exclusive bank rights.

[Teilk]

Originally Posted by soundboy

Shame on you MA

But then you showed your true colours which is a good thing. You hate anybody who makes any money in this game unless they are in your millionaires club and on your FL.

Free enterprise is not a spaceship in Star Trek you know?

soundboy

Not entirely accurate, but close. You dont have to be part of the big money club, you just have to cut them in on the action..

[Etopia]

The real question is :
Will anshe pay back the IPO , or will she get baned soon ?

[Teilk]

Originally Posted by Etopia

The real question is :
Will anshe pay back the IPO , or will she get baned soon ?

Anshe is paying a fee for every loan she does.. but I hope she is banned for scamming the general population with fake shares in an overvalued enterprise. She wont be though.. MA wants her to buy a new improved LA when they are released...


( Hell, if I am an "attempted scammer" by word of MA for trying to offer the same service without the expensive building, then selling shares in an unregulated field has to be a scam, right?)

[A-Bomb]

Originally Posted by Xen

So, unapproved loan services are considered scams, but when you loan someone something and don't get it back, it's just a trade - not a scam - and they won't (notice won't is not the same as can't) do shit for you.

What a load of fucking shit.

Good point. TBH i think they kinda spoke before they thought. Should really be more delicate right now than that.

[Etopia]

Originally Posted by Teilk

Anshe is paying a fee for every loan she does.. but I hope she is banned for scamming the general population with fake shares in an overvalued enterprise. She wont be though.. MA wants her to buy a new improved LA when they are released...

As far as i know , the "IPO" and "Share" are exactly like "loan" and she does not pay fee on that , neither its made though the MA aprouved bank system.
So , i do say its a scam , exactly as "your bank" system.
No more , no less.
And , if she does not pay back player from herself , as she can be complian to that rule, i bet lots of player will love to report her for scaming attenpt...