Clarification about Entropia banking operations

[Teilk]

Originally Posted by aridash

im genuinly concerned now ive thought about this... how will they differentiate between a trade and a loan? what if i buy something from someone and get a good price, then the person wants to report me claiming it was just a loan? Am i a scammer by default, lock first ask questions later?

Unless you are a big investor.. then you are the victim.

[Konve]

Oh stop your whining people!

This is just another example in the long line of things prooving that Calypso is a planet run by a capitalistic dictator - or, as Erns Billgren put it, "Entropia is a capitalistic dictatorship".

Now, get used to it or go make a petition or something.

[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.

MA finally added a loan system.

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

In the past MA has said that they wish to create a platform for us, the community, to live in. Yet here we see MA acting like a gov't. They are saying they need to pass laws in order to protect the citizens from dishonest traders.

I'm sure that in the long run MA's actions are for the good of us all. Yet, I feel troubled by the move. Hopefully we won't see more of this.

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.

[Tekkie]

They cant differentiate, which is why its such a dodgy Grey ruling.

Which is also the reason they need to impliment the option of Non secure loan...that way everyone knows where they stand (and alternative, perhaps safer options) and only has themselves to blame if it goes wrong.

Really, its so simple to impliment

It seems MA have protected 99% of the players by outlawing non-secure loans by making 99% of players accounts insecure

LOL, go figure that

[Etopia]

Other question is , who will be the first to make a poll and ask if anshe service violate new rule ?

[711]

Originally Posted by Etopia

Other question is , who will be the first to make a poll and ask if anshe service violate new rule ?

Ummm, correct me if I am wrong, but doesn't Anshe hold a banking license, thus how would that contradict this announcement about banking operations?

[EarlVonKippler]

Originally Posted by Bertha Bot

Recently MindArk PE AB issued official virtual banking licenses. blah, blah, blah, are safe and as such guaranteed by MindArk.

okay, i get this part. if you have a liscence it is safe.

Originally Posted by Bertha Bot

By contrast, loan services offered outside this official bank system cannot be guaranteed by MindArk. If an item is exchanged between avatars, this transaction will be logged as a regular TRADE. And as all trades are final, MindArk will not investigate claims if a loan giving avatar refuses to return items or money.Many people do not fully understand the true value of their virtual items until they are lost. They will then contact MindArk PE AB for assistance and will realize that we cannot help them; this can cause a lot of unnecessary grief and frustration.

SO WHAT! since when has MA cared about trades anyway? i think people that will use the non-purchased banks understand the risk they take and a matter of fact, the LENDERS seem more at risk than the lendee. so, MA is sticking their nose into something they really didn't have to and never cared about before.

Originally Posted by Bertha Bot

We do not wish to discourage entrepreneurship within Entropia Universe, but based on experiences from community feedback and support case history, unfortunately not all entrepreneurs offering loaning services are trustworthy members of the Entropia Universe and therefore we need to be strict in our policies in order to protect the community from scams and cheating.

again, who cares if someone is unscrupulous. they never did before?

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.

oh, so that is the meat of the message. however real scam attempts aren't regulated or enforced. this has got to be the biggest load of horseshit i have read on this forum yet. IMHO this tops the amp nerf in game or the inablility to name scammers on EF as the lamest new developments recently.

[Tekkie]

you mean there isnt 1 already

But it wont be me...personally I think it adds an interesting addition to the EU and as Anshe says "its risky". I wish her the best in her business and I hope it works out for all her investors too.

But lets not change rules to help it along....Anshe was doing fine with the share sales before this farce had evolved.

[Etopia]

Originally Posted by 711

Ummm, correct me if I am wrong, but doesn't Anshe hold a banking license, thus how would that contradict this announcement about banking operations?

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.

Yes she own a liscence , but all the service she do offer now are out of the aprouved MA system ....
The Share , and trade PED/L$ are both total against the point of the MA last rule.

[slither]

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

coughbullshitcough