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| Author | Properties: Banks? |
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It still doesn't make sense for bank owner to take players deposits. Why should he pay interest when he can't invest that money in anything?
This game doesn't have the perfect economic system, but it tries to keep the outside intervention to a minimum (like the intervention of the Empire). Bank loans, on the other hand, will force the Empire to pay the bankers for any unpaid loans, and it will happen all the time. Bankers will get rich, prices on the market will go up, many players will end up with negative gold, it could make them leave the game, economic crises will occur, we will all starve, WWIII will happen and the world will end (before 2012.)!
OK I'm overreacting :) but you get the point. | #21
+1
:-D | @21:
The owner pays interest on deposits to those who make the deposits. Yes, he will likely lose a little gold doing this. If he is a good banker, however, he will make that gold back with loan fees. He will also make gold on the people who deposit gold, and withdraw it before it makes enough gold to cover the transaction fees.
The Empire does not pay over-due loans back to the owner. That gold comes straight from the player. If that player doesn't have the gold, they go negative and the owner still gets his loan back. In a sense, gold is created out of nothing... the only thing to balance this is the fact that the player who failed to pay back the loan goes negative.
I feel like I'm saying the same things over and over... did any of you bother to read the entire first post or is it just that incomprehensible? | ...And what if a player who has a bank asks his "friends" to join the game...who gets roulette addicted, loses all his gold, takes the masximum loan, waits for one week, quit + profit for banker.
Abusable. | @ipsline
I'm sorry if you think that we are forcing you to say the same thing over and over again. But you must admit that you idea has very little sense.
Deposits are absolutely useless for the bankers and if I am a banker, I would stop taking any deposits. If taking deposits is price that bankers pay for owning a bank, it's small price to pay for massive amount of gold that they will receive from loans.
Making gold out of nothing is bad idea if the economy is based on that gold. It will produce more amount of gold and value of gold will go down. If the value of gold goes down, prices will go up. Players (not just roulette buffs) will be forced to take even more loans just to keep up. And then the things from my post #21 will happen. | 1precent from 1000gold is 10btw not 1.
-1 | As was said by DrMr, bank has no incentive to accept a deposit, if it can't invest that money, meaning it can't make money from that deposited money. If players act reasonable, they deposit their gold to bank for more than 20 days, they will not take loans (because if there's something you want and you are able to earn for it in 1 month, it's better to wait till you have that money rather than run the risk of being penalized) and don't hurry with resource selling. Then the bank will go bancruptcy. And you can't build your business on assumption that players would act unreasonable. (although I know much of business is being done that way in the real world)
Possible abuse:
Player starts account, take loan and try roulette. If he is successful, he continues the game, if not, he abandons that account and starts a new one and takes a loan ... untill he's successful. So they would have to be some level filter, but that may not be enough.
My biggest personal reason, why I refuse the idea of bank, is that it "makes money out of money". It is immoral and given the bank loan system (video in post 7) it causes economical troubles worldwide and degrades an honest work. Many debates are being held about what is better, capitalism or socialism. Comparing to banking, it's not important. Just stay out of banking, that's the real evil :-)
P.S. By the way, it can be also said without a problem, that banks "make money out of nothing". Just watch the video, you'd understand. |
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