Ecc Bank! Im shure you wanted this before well now you can! What I am doing is you can deposit you money in to a fake ecc bank account and you gain interest on it by me doing several things with things with the money you gave me. Shuch as building farms,towns, giving loans and I divide the amount of money that I made off your money and divide by 10. So lets say you give me 10k I can loan out the money and end up with 15k so divide the 5k I made and you get a $5000.7 Your money will not be given to untrustworthy users, Accounts available Secure: 100% money back guarantee. Even if the person who I give the loan out to dosent pay it back! Interest:1% Users with secure accounts: Less secure: 50% money back if user dosent pay back loan. Interest:5% Users with less secure accounts: Not secure:0% of money back if user dosent pay back loan. Interest:10% Users with not secure accounts:
First off, I love the idea, but I think it will be tricky to pull off. My biggest concern is the loss of money that could occur. Even if you give the money to only trustworthy people, the project could still fail, which would leave you with a heapload of some resource like glass, obsidian, carrots, land, or whatever, and a lot of people who are wondering where their money is. With numbers like your example, if you get a 10K loan, but end up with 5K, will your investors be angry or accept that risk? Furthermore, project failure and delay tends to increase with more projects so if you have 5 projects and 40 investors, that's a lot to keep track of. Sorry to play devil's advocate here. Don't get me wrong, I would love to see it work and hope you can pull it off. Just throwing out the risks.
CHOMPIN_02 That means its not run by the server its run by users so therefor its not a official bank so that way its fake ..... I suppose.
Dear Jacob, Whilst this bank scheme of yours sounds impressively creative and interesting, I have a few concerns I would like you to respond to before I choose whether or not to set up a money in your bank: Firstly, when will we be able to take our money out? It seems as though it's possible that you will have loaned our money out when we need it and we won't be able to collect it, and we could even make more profit if we just loaned the money out ourselves in the first place. There also seems to be an *unsafe* chance that money losses can be experienced on the user's side, and I'm concerned that you could exploit this to scam money How easy is it to lie that a user scammed you, then use that money to build yourself a new statue in Wallstreet? Have you certified your plans with a super-moderator and completely checked that it's abiding by the server rules and allowed? Thirdly, this "security" types of banks sound like a typo made to make us think that it's insecure to allow you with our money. I wouldn't be too happy placing all my money in a "not secure account". That may need a bit of rewording. Also, if there was a very high demand for a "secure account", and not so much for any other accounts, then you could make an awful loss. Would you be prepared to have waves of complaints filed against you if a user scammed you of, say, the $100,000 your members put into your bank? There also seems to be a lack of confidentiality in this scheme. Some users want their balances to be kept private, and don't want others to know their wealth. What is your position in this? Would you tell someone you loaned money to whose money he's loaning? I'd also be interested to see any data on profits/losses the bank or its users created or had within a month's period, and if you're giving any funding to this project before it's fully up and running. Nevertheless, your creativity here must be praised and I'd be content to see similar, but safer, types of "banks with interest" appearing. Thank you, Matberry Pontvert Incorporation
yeah what if somebody were to scam you out of everyones money what would you do then? its a great idea but there needs to be a few tweeks made i belive for this to actually work
