« ATITD Tests Psychological Origins of Play | Main | Do We Need a Virtual Gaming Commission? »

May 28, 2006



The winners are the bank's shareholders of course! ;)

When your shareholders, and others, can kill you at almost any time for any real or imagined slight it's much harder for the bank to do things the majority of players don't implicitly agree with.

The hatred of Macro Miners in eve has reached levels where sacrificing your ship to the police force in order to kill one gains you significant respect, if the bank acted in a way most players actively disagreed with it wouldn't last too long. Killing it would be much much easier than killing macro miners due to the game mechanics it uses to exist.

The question of whether the playerbase should disagree with it is harder to answer, players don't always make the decision that is best for the game. But if the majority of players vote themselves out of the magic circle it's hard to tell them they're wrong.


They just published a shareholders">http://www.theeib.com/EIBI_Report.html">shareholders report yestarday :)


Besides Eve Intergalactic Bank there are some other quite interesting ventures:

An investement Fund (EvE MUTUAL FUND Inc.)

A credit bank (BIG Merchant Bank of EVE) with 96 bilion isks currently loaned

A stock exchange(Eve Galactic Stock Exchange) where trusted brokers enable the safe transaction of shares between players


Although the economic model in EVE is certainly more complex than other MMO's, the fundamental trust issue around banks remains. The game (as CCP has developed it to date) offers no analag for deposit insurance, so any venture labeled "bank" is probably more accurately labeled "high risk investment vehicle".

It would be interesting to know what percentage of "investors" in the EVE IGB have invested a substantial sum of their in-game wealth to the venture, and how many are tendering the equivalent of small change on the off chance it pans out (Gambling).

Some recent posts at the EVE Online forums support the notion that mature characters have amassed personal fortunes that run into the billions of ISK. Under this model, a few million (or few hundred million) ISK would be a relatively minor investment, though it might seem large from some perspectives.


Gerret, in a PvP universe, players should insure the deposits, not NPCs. The interesting thing to watch is whether players will organize to the extent that CCP can remove the NPC insurance "company" from the game.


Ken>> ..in a PvP universe, players should insure the deposits, not NPCs.

It's especially in EVE Online's PvP universe, where ganking, swindling, and scams are the order of the day, where I don't trust other players to do this for me. ;)


"It's especially in EVE Online's PvP universe, where ganking, swindling, and scams are the order of the day"

It's that which makes the successful businesses built on trust into real achievements. They're pioneers in a bleak world who have earnt their success.

Reputation and trust means a lot in Eve. The 'TRUST' alliance's neutral trade outpost was attacked because their neutrality was called into question (according to the conqueror's official statements anyway). TRUST wasn't trusted. Their outpost was handed over to the Interstellar Starbase Syndicate, who both TRUST and the conquerors believed to have a much greater neutral reputation.

Tens of billions of isk gets handed to the ISS by players from across Eve every time they announce they're going to build an outpost, with no promise of a return on the investment for months. They must have had over 100 billion isk of investments in their wallet at once recently as they built three outposts at once.

ISS could take that money and run at any point, but we trust them not to. I feel it's important that they /could/ run off with it, though. If you can't have untrustworthy business partners, there's no need for trustworthy ones.


Interesting. Gnomes tell me that perhaps some of these ventures are tapping into greater demand than they can handle. Eg. Eve Mutual Fund IPO is closed.

Not enough investment opportunities for the quantity of cash chasing 'em?


Yes, I think you're right nate about limited investment opportunities. The "bank" in the OP is really a manufacturing firm -- I don't think much, if any, of their income derives from money lending.


I think it does, I know they've lent someone 20B isk to buy a T2 BPO. This BPO is secured in their hanger to prevent him running off with it, he has had to join the corp to gain access to it.

He's paying back the 20B by building from it. I'm can't remember the total interest rate from memory but it's a significant amount of income.

I agree that theres too much cash chasing too little investment. I'm especially interested in the wider implications of this, a lot of MMOG economies only survive because of the huge amounts of cash taken out of circulation because players have nothing to do with it.


Of course, it was a scam.



More specifically,

It was a scam by the principle. It was in large part a legitimate business with other people involved as well. He took them all for a ride.

Nearly 800 billion ISK worth of a ride.

The comments to this entry are closed.