I would like to open up a bank in EVE Online, but ever since I started to do this, by advertising in chat, placing cargo containers and mobile depots in space, I’m attacked by players saying “you’re a scammer”, “a bank is a scam”, “thief”, “you just want to steal the money”.
Recently I tried to make a contracts, that are an auctions with an item that partially covers a risk of a lender, and I say that I want to give the money back after some time, but even after that I get replies, like “go to Jita they will be happy”. Although it’s commonly known as an ‘asset backed security’.
What I propose? Maybe for the starters:
- Civil Law - rules of contracts, law of possession, law of work, law of science and studies
- Real law enforcement - I can’t be sure if I’m not “screwed” by other player ( this is most crucial if law is even created )
- EVE Central Bank as an entity that governs other banks, that would have to obey the rules of deposits for their assets and loans they make - like in the real world
- If a bank has a deposit of 100 ISK, and would like to still be a bank, it have to make a deposit to EVE Central Bank
- If a bank would like to create a loan for other Capsuleer, it has to make another deposit to EVE Central Bank
- All of the above is only the simplest form of real world central banking system, and it’s a subject of law enforcement, thus the law has to be present in the first place. Can it be made in code?
- Create an sub-account for the clients of banks that they can use on the market and in other parts of game, this sub-account should have some added functionality that is inherent to bank’s way of handling clients like - obligation to deposit money from a loan to bank’s sub-account, that make bank bale to lend more money due to overall bigger deposit outstanding. The bank has to make bigger deposit to EVE Central Bank. Another type of sub-account could be a 3 month cash deposit without withdrawal with a premium paid after that time, for example 3%. That could be handled internally by EVE Central Bank, and the bank would only has to have that ISK.
When this will be in place, I think players, would not be likely to harass any of the “scammers” unless the bank goes bankrupt.
- Then the EVE Central Bank should pay up the guaranteed deposit up to let’s say 10 ISK (not the percent of deposit, but maximum guaranteed "bailout for depositor). This are the rules taken from the currently working baking systems.
It might make the game even more spreadsheet’y, and give more opportunities for new players, because they do not have the needed knowledge and ISK to invest into game, that is already demanding and challenging to newcomers and that risk and ISK can be borrowed from the bank. This might be also used against banks that would like to give a loan to every new player making them over-leveraged, but isn’t this the point of the free market?