I wonder how much noose lost..

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Bioni
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I wonder how much noose lost..

Post#1 » 18 Sep 2006, 01:11

Online "banker" runs off with cash, avatars cry foul

8/28/2006 1:57:15 PM, by Peter Pollack

It might have been a scene out of some movie about the Great Depression. Hundreds of frantic people tearing their hair out as they mob the doors to a bank, only to realize that the bank's owners, along with their money, had vanished into thin air.

This scene, however, took place not in some seemingly distant historical period, but much closer to home (for some of us). The location was EVE Online—a science-fiction-based MMORPG, and the bank was the Eve Intergalactic Bank—a privately run in-game institution that for several months convinced EVE Online players to deposit their spare "money" into accounts with the enticement of accruing several points of interest per month. That seemingly virtuous idea came to a crashing halt when the proprietor of the EIB, known to the game universe as "Cally," absconded with around 790 billion simoleons ISK—the currency of the EVE Online world.

EIB was supposed to function much as a real bank would, turning its assets into investment capital, then using the returns to pay interest to bank clients and provide a tidy profit to the bank itself. Instead, it functioned more like a 1980s-era savings and loan, with no FSLIC to protect the clients. In short, Cally got away scot-free, even leaving behind a (rather boring) 10 minute video (download) to taunt those whose "fortunes" were lost.

The collapse of EIB has spawned a bit of an uproar in the MMORPG community, and there has been some musing on how real-world laws might be applied in the future to bring such "criminals" to justice (we're talking about the actual human players here, not the in-game avatars).

Unfortunately, as spectacularly disappointing Cally's crime may be to some of those living in the EVE Online universe, it is unlikely that the FTC will be signing up and logging in with a team of virtual investigators any time soon. For one thing, and I think this needs to be made absolutely clear so that there is no confusion: NO ACTUAL MONEY WAS STOLEN.

The legitimacy of any activities performed by the avatar known as Cally is determined solely by the operators of EVE Online. It is up to EVE Online to reprimand Cally—if in fact, it is determined that he did something against the rules set forth in the EULA. So far, it appears that may not be the case, and at last report, Cally was roaming free—armed and extremely wealthy.

Yes, it is true that some players—in defiance of EVE-Online's EULA—can be found farming and selling items and ISK through various channels. It has been estimated that the stolen 790 billion ISK could fetch as much as $170,000 in the real-world marketplace, and this type of thinking leads some to believe that the overtaxed real-world legal system may at some point get involved when an in-game economic catastrophe occurs.
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Monarche
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Post#2 » 18 Sep 2006, 08:00

lol 790 bill ISK. What a great scam!

To put this figure in some perspective, it iook my corp(guild) of like 100 fairly committed players about 3 months to save 30 bill profits from mining adn other activities. Personally I used to make about 10mill/hr on average mining or NPC-farming in low sec space. Specialist hardcore miners could clear 200 mill ISK/day if undisturbed by PVP.

Noose has all his dosh tied up in trading stocks anyway :)
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Flamage
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Post#3 » 18 Sep 2006, 09:15

The scam happened a while ago, but I don't think CCP (the publisher) cares, in fact I think that it is exactly the kind of interesting player-created "content" that the game thrives on. Anything goes in Eve, no matter how underhanded the tactics anything is fair game, and you quickly learn that you should trust very few people in this game. I signed up a few weeks ago and its been a heap of fun. We're at war with another alliance atm, trying to take over and dominate a 0 security system that has some good resources to make our home base. PVP in wow is childsplay compared to this stuff.

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Post#4 » 18 Sep 2006, 15:47

all I can say is lol. Seriously in any other game it probably would of been laughed at as a scam, and clearly it was :)
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Monarche
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Post#5 » 18 Sep 2006, 16:11

Eve scams are rife - funny ones are the player-created missions that send noobs to their deaths in depp into 0.0 space. We used to escort (or shoot) at least a noob a week out of ASCN (our alliance-occupied) space.
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Sharez_Jek
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Post#6 » 18 Sep 2006, 16:27

Yikes that's a lot of moola, lol.


Whatever happened to the Nooster anyway?????
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