Virtual Bank Woes

bobmorning writes "EVE Online's largest player-controlled virtual bank, Ebank, just can't seem to catch a break these days. A few months after it was revealed that the company had been defrauded of a staggering amount of virtual cash, it turns out that the institution's digital vaults are far more barren than many realized, leading to an in-game freezing of accounts for any individual or organization that happened to have invested any InterStellar Kredits (ISK) with the bank. Early this summer, it came to light that a veteran EVE player (known only as 'Ricdic') had embezzled — and then sold in the real world — over 200 billion ISK from Ebank, causing a run on the virtual financial institution. However, this was just the beginning of the problems for the player-owned bank. Recently-installed Ebank Chairman Ray McCormack admitted that the bank had been mismanaged, and rules, safeguards, and controls were not enforced. As a result, it's been revealed that Ebank is 380 billion ISK poorer thanks to a number of defaulted loans. Because of the aforementioned mismanagement, it apparently took the bank's new officers a while to figure out just how far in the red their institution is."

Virtual bailout needed!

[assemblerex]

We clearly need a virtual federal reserve and a bernanke-borg.

Re:Don't trust anyone

[physicsphairy]

In summary, trust nobody that you can't go beat up in person.

It seems to me that it would be sufficient to know somebody who could beat up the offender in person. The two of you could form a reciprocal agreement to enact violence, and of course at the root of it you are willing to exact violence against each other if one of you reneges on exacting violence on those in his sphere of effect.

But you can continue adding tiers to this, creating an entire network of violence, to greater and greater effect. Pacifists (dead nodes) are a problem, of course, but we'll just classify them as rule-breakers and have them beaten up until they leave or become violent.

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[account_deleted]

Comment removed based on user account deletion

Recession

[BountyX]

Yeah the economic crisis is pretty bad here in virtual world. I can no longer afford my second life prostitutes. I even lost my job as a store owner in WoW -- they outsourced it to AI where all the bots do the work. I can't even afford my mana potions, I have to connect to a Canadian server just to buy them on the cheap...

Re:Video games have no prison.

[Fourier404]

They're not stealing money, they're just asking for it. You guys are the idiots giving to them. I keep my money in my mattress [huffingtonpost.com].

Re:jeez

[SupremoMan]

My understanding of EVE is not perfect. But what I managed to piece together from years of coverage on slashdot, it appears to be a virtual recreation of the country of Nigeria.... with lasers...