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[BANKS] WARNING to all new players!
natsuto:
CBT's banks did not collapse, global currency pool system and not the actual work too low. They will be more and more flat, over time the real wealth is lineraly expected to increase.
Rosmy Sundr:
--- Quote from: Michaelh139 on January 28, 2012, 03:51:11 pm ---No bank in the history of the earth has ever or will ever add a negative value to interest.
--- End quote ---
No offense, but you are speaking from ignorance. Even if we ignore the common practice of banks exceeding interest payouts with non-service related bank fees, it is often the case in conflict countries for banks to charge either a substantial flat fee or negative interest for protecting your money. For example, this practice is still rampant in post-earthquake Haiti, as the only other options are to carry your money and risk mugging/skimming, or keeping your valuables in an easily ransacked tent. Insecurity leads to protection charges.
anarchclaw:
--- Quote from: Lizard on January 28, 2012, 09:56:47 pm ---
On the other side, there will be panicked withdrawal of money from Frisco - yet, since there won't be a possibility for every player to watch their account for 24/7, there will be always loss for some players and, winning for another, more awake ones.
--- End quote ---
What you're suggesting is an easily exploitable system, and the only way to counter abuse would be arbitrary limitations on each player's "participation" and THAT would mean defeating the whole purpose of this little gambling stock-market minigame. Who wants to sit on their computer waiting for bank-updates while Ivan is idling with an army of traders waiting to min/max every transaction.
Stration:
I witnessed a dialogue between two newbies today, one advising the other to keep his money in a bank.
This topic needs to go back to the first page.
Michaelh139:
--- Quote from: Rosmy Sundr on January 31, 2012, 01:26:13 pm ---No offense, but you are speaking from ignorance. Even if we ignore the common practice of banks exceeding interest payouts with non-service related bank fees, it is often the case in conflict countries for banks to charge either a substantial flat fee or negative interest for protecting your money. For example, this practice is still rampant in post-earthquake Haiti, as the only other options are to carry your money and risk mugging/skimming, or keeping your valuables in an easily ransacked tent. Insecurity leads to protection charges.
--- End quote ---
just noticed this.
Banks do not cost anything to store money in and you actually make some money storing it in an account. There is that first "flat-fee" to make the account but it is hardly of consequence. And they do not charge negative interest as you say. They only charge you for withdrawals.
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