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Rules Question re: player run isk exchange between Dust and Eve

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Gyn Wallace OSG Planetary Operations Covert Intervention 3	Posted - 2013.09.19 13:54:00 - [1] - Quote I'd like to open an ISK exchange between Dust and Eve. It would operate as follows. An example, A Dust player wants to try Eve, makes a 14-day free trial character, likes it, and wants to continue playing Eve, by plexing his Eve account. He was frugal and kicked ass within Dust, so he has plenty of Dust ISK sitting around. He pays 5 million ISK from his Dust character to me, in exchange for my Eve character giving 500 million Eve ISK to his Eve character. His Dust character can convert his Dust ISK into Eve ISK, through me (and my Eve character), at an 1 to 100 exchange rate. Another example, A rich Eve player has lots of ISK and wants to help fund his Dust allies equipment for a FW or PC match. His Eve player gives 505 million ISK to my Eve character, in exchange for my paying 5 million ISK to his Dust buddies. Combining the two above examples, I make 5 million Eve-side ISK, while Dust and Eve players get to exchange their currencies at 1:100 and 101:1 exchange rates. I'm not asking CCP to enforce my arrangements, or provide security to me or my potential clients, I just want to know: #1 Is this kosher or would CCP consider it a violation of RMT rules, despite there being no "real" money involved? In other words, is Dust "outside" Eve Online such that my examples would be considered rule violations? and #2 What do Eve and Dust players think the initial exchange rate should be, if my above examples are way off? I don't want to rapidly run out of Dust or Eve currency. Until competition closes the gap in exchange rates, I'd probably begin with a larger margin than the above examples, but figuring out exactly how large, requires feedback/proposals from the rest of you. I don't want to wait for CCP to implement a currency exchange if we don't have to, but I also don't want to break any of CCP's rules. Thanks for your thoughtful replies, Gyn Wallace, Dust-side Min Lo, Eve-side P.S. I'm hoping someone at CCP recognizes the advantage of giving Eve players the option of plexing their accounts by either playing eve well enough to make and extra ~550M ISK/month in Eve OR by playing Dust well enough to make ~5.5M ISK /month (or whatever the exchange rate wind up as). Since an exchange should be a boon to both Dust and Eve, I don't understand why it hasn't been implemented yet by CCP. So long as there is no rule standing in the way, I'll happily implement an exchange myself.
Gyn Wallace OSG Planetary Operations Covert Intervention 3	Posted - 2013.09.29 15:10:00 - [2] - Quote As I've received no feedback from anyone suggesting that this is a violation of any rule, I'm opening the exchange. If you would like to plex an Eve Online account with your Dust profits, I'm offering to transfer your Dust isk in to Eve isk at a 1:50 exchange rate. 12M Dust isk buys 600M Eve isk That is, if you have a spare 12M Dust isk, I'll accept it, and deliver 600M Eve isk to your Eve character, from Min Lo, my Eve-side alt. 600M Eve isk buys 6M Dust isk If you have an Eve-side character with Eve-isk to spare, I'll exchange it to Dust isk at a 100:1 rate. 600M Eve isk delivered to Min Lo, buys 6M Dust isk, transfered to you Dust friend from this character. Those are initial exchange rates; which will be tweaked in response to one-sided demand drawing down my reserves of either currency, currently about 200M Dust isk and 30B Eve isk. If you want to try Eve Online, and plex your Eve account (rather than paying your own real world currency to CCP), after the initial free trial expires, you can either earn about 550M Eve-isk per month in Eve, or about 11.5M Dust Isk per month, and then exchange it into Eve, to support playing Eve Online.
Flint Beastgood III GunFall Mobilization Covert Intervention 184	Posted - 2013.10.01 17:51:00 - [3] - Quote Gyn Wallace wrote: As I've received no feedback from anyone suggesting that this is a violation of any rule, I'm opening the exchange. If you would like to plex an Eve Online account with your Dust profits, I'm offering to transfer your Dust isk in to Eve isk at a 1:50 exchange rate. 12M Dust isk buys 600M Eve isk That is, if you have a spare 12M Dust isk, I'll accept it, and deliver 600M Eve isk to your Eve character, from Min Lo, my Eve-side alt. 600M Eve isk buys 6M Dust isk If you have an Eve-side character with Eve-isk to spare, I'll exchange it to Dust isk at a 100:1 rate. 600M Eve isk delivered to Min Lo, buys 6M Dust isk, transfered to your Dust friend from this character. Those are initial exchange rates; which will be tweaked in response to one-sided demand drawing down my reserves of either currency, currently about 200M Dust isk and 30B Eve isk. If you want to try Eve Online, and plex your Eve account (rather than paying your own real world currency to CCP), after the initial free trial expires, you can either earn about 550M Eve-isk per month in Eve, or about 11.5M Dust Isk per month, and then exchange it into Eve, to support playing Eve Online. Hey, this sounds good. I was thinking about getting into EVE and this could be the decider. I wouldn't spend real money on it since I'm not a PC gamer and wouldn't spend too much time on it, but if this method allows me to essentially pay for my subscription with ISK from DUST then I'd be good. 12M a month? Bargain! I wouldn't even have to work hard to pay for it :D I remember feitlebaum saying you could pay for an EVE sub with ISK but it sounded like a lot of work to make the ISK EVE-side. Your method is a godsend in that respect. EDIT: hell, I may even do it just to "buy" your EVE ISK from you in the hope that once the cross-market opens the exhange rates go in my favour and net me some nice profit ;) haha. I could buy 12 billion of your ISK outright :)
Gyn Wallace OSG Planetary Operations Covert Intervention 4	Posted - 2013.10.03 23:53:00 - [4] - Quote Flint Beastgood III wrote: EDIT2: Probably shooting myself in the foot, but I'm all for openness and honesty so... If it can be a chore or hard/time consuming to get enough money in EVE to plex your account it makes sense it should be as hard (or take as long to accumulate enough money in ISK), thus making a 10:1/1:10 exhange rate between EVE and DUST more suitable. Thay way you would have to make 60 million per month in DUST just to send to EVE, so you'd have to be making more on top of that unless you only run BPOs or have a large stockpile of gear (or never die, lol). 12M ISK is too easy to gain in a month (IMO). I was planning on adjusting the exchange rate, if the exchanges turn out to be completely one sided at my initial rate. In other words, I'm still perfectly happy to exchange 600M Eve isk to your Eve character, in exchange for 12M Dust isk, instead of 60M Dust isk, but I'd gradually bump the exchange closer to the 10:1/1:10 rate you describe, if everybody wants to exchange their Dust isk for Eve isk, and my Eve isk reserves begin to shrink. If you want another 600M Eve isk, I'd charge 14M Dust isk, for the second batch. 16M Dust isk for the third batch of 600M Eve isk. 18M Dust isk for the fourth batch of 600M Eve isk. 20M Dust isk for the fifth batch of 600M Eve isk. 23M Dust isk for the sixth batch of 600M Eve isk. 26M Dust isk for the seventh batch. 29M Dust isk for the eigth batch. 32M Dust isk for the ninth batch. 36M Dust isk for the tenth batch. And so on, interrupting that climb as soon as I start getting customers in the opposite direction. As soon as I get people who want to exchange Eve isk for Dust Isk, I can begin to stabilize the exchange rate, starting off at about half of whatever my last Dust to Eve exchange was. If you want the first ten batches for 6B Eve isk, it would cost you 226M dust isk, and I'd then be offering Eve Online players batches of 18M Dust isk for 600M Eve isk, adjusting the amount of Dust isk up closer to 36:600 with repeat business. Also, if you want me to get a referral, you can sign up for your free trial via: https://secure.eveonline.com/trial/?invc=b97cac8d-261b-4df5-a663-faf57c36d383&action=buddy So you can get a 21 day trial instead of 14 days, and if you then upgrade your account (including via a plex) I'll get a reward I can split with you. If several people do that, it greatly mitigates my risk of miscalculating the initial exchange rate. If you already know someone else who plays Eve Online, you can get them to invite you instead so they'll get the reward. Ask them for a buddy invite.
Aikuchi Tomaru Subdreddit Test Alliance Please Ignore 1039	Posted - 2013.10.04 00:03:00 - [5] - Quote Gyn Wallace wrote: In other words, I'm still perfectly happy to exchange 600M Eve isk to your Eve character, in exchange for 12M Dust isk, instead of 60M Dust isk, but I'd gradually bump the exchange closer to the 10:1/1:10 rate you describe, if everybody wants to exchange their Dust isk for Eve isk, and my Eve isk reserves begin to shrink. If you want another 600M Eve isk, I'd charge 14M Dust isk, for the second batch. 16M Dust isk for the third batch of 600M Eve isk. 18M Dust isk for the fourth batch of 600M Eve isk. 20M Dust isk for the fifth batch of 600M Eve isk. 23M Dust isk for the sixth batch of 600M Eve isk. 26M Dust isk for the seventh batch. 29M Dust isk for the eigth batch. 32M Dust isk for the ninth batch. 36M Dust isk for the tenth batch. And this is the point where I nope out.
Thurak1 Psygod9 D.E.F.I.A.N.C.E 246	Posted - 2013.10.04 00:17:00 - [6] - Quote Not to be a jerk but what guarantee do players have that you will be honest? What prevents you from simply running off with my isk? I would much rather do this through a service in game. no offense but i dont trust anyone.
Gyn Wallace OSG Planetary Operations Covert Intervention 4	Posted - 2013.10.04 00:28:00 - [7] - Quote Aikuchi Tomaru wrote: And this is the point where I nope out. Can you explain why you would expect anyone to continue exchanging currency in one direction at a fixed rate? If I immediately begin getting business in the opposite direction, I could begin tightening the exchange rate immediately. How else should I (or anyone for that matter) mitigate the risk of choosing an initial exchange rate that differs substantially from whatever rate the market eventually drives? If there's a good reason why I should continue to exchange Dust isk into Eve isk at a 1:50 ratio, I'll listen/read it.
deepfried salad gilliam Sanguine Knights 18	Posted - 2013.10.04 00:30:00 - [8] - Quote I like it, but for simplicity in the exchange rate I recommend 1 dust to x eve isk and x eve isk to 1 dust isk with 5% tax each way It'll make listing and changing the rate easier, also maybe start a corp named the isk exchange and list the people that you send the isk to ajdnd the current rate
Gyn Wallace OSG Planetary Operations Covert Intervention 4	Posted - 2013.10.04 00:42:00 - [9] - Quote Thurak1 wrote: Not to be a jerk but what guarantee do players have that you will be honest? What prevents you from simply running off with my isk? I would much rather do this through a service in game. no offense but i dont trust anyone. Frankly, nothing. Although I think this has more to do with hope than trust. I'm hoping to discover the real exchange rate between Dust and Eve, and to earn a modest commission for this undertaking. If my commission is immodest, or I fail to complete transactions, I can be sure that no one else will use the service I'm offering. They will either prefer someone with a more competitive exchange rate, or fore go any exchange. I would suggest that I'm happy to mitigate the risk that I'm just a scammer, by using smaller batches initially. If you don't feel like risking 12M Dust isk for 600M Eve isk. I'll start with smaller batches: 6M Dust for 300M Eve. If I go much smaller than that though, the time for completing transactions might become more valuable to me than the potential profits from running an exchange. Keep in mind that I need to mitigate my risks as well; if CCP builds a much stronger link between Dust and Eve, so that very wealthy Eve players decide that they want to buy Dust isk, I could find my entire Dust isk holdings bought out very quickly. The only other way I can think of to mitigate the risk of being scammed, is to state agreements here in the forum. If people are willing to waive their privacy, I'm entirely content to conduct each exchange in full public view, including arranging a time when we can both log on to complete the exchanges in Dust and Eve. Honestly, I half expect to lose a little money getting this set up and running, but in the process show CCP that making a secure isk exchange between Dust and Eve is something their customers want and they should build. I'd be perfectly happy to be put out of "business" by a CCP run, completely scam risk-free exchange. Maybe in the mean time, we as players can inform them of what exchange rate the market would bear.
Gyn Wallace OSG Planetary Operations Covert Intervention 4	Posted - 2013.10.04 01:03:00 - [10] - Quote deepfried salad gilliam wrote: I like it, but for simplicity in the exchange rate I recommend 1 dust to x eve isk and x eve isk to 1 dust isk with 5% tax each way It'll make listing and changing the rate easier, also maybe start a corp named the isk exchange and list the people that you send the isk to ajdnd the current rate That's kind of where I want to wind up, once I have some repeat business in both directions... at least until CCP builds something official and relatively risk free. Until then, I like the idea of working in some kind of minimum batch, to prevent people from asking me to exchange 12 Dust isk for 600 Eve isk (Not millions; miniscule amounts). I'm open to persuasion though. I'm willing to listen to people's suggestions for what the initial exchange rate, and minimum batch should be. I think Flint Beastgood III's suggested 1:10/10:1 rate might underestimate the degree to which very wealthy Eve players could completely buy out my entire stock of Dust isk. Eve traders, industrialists, alliance leaders, etc. can earn 600M Eve isk more easily than a Dust player can earn ~12M isk.... I think. I'm not really sure there are many Eve-side who are interested in hedging against the possibility that they'll want lots of Dust isk as CCP builds up the connection between Dust and Eve. But by opening this exchange I guess we'll find out. I've got a fair amount of Dust and Eve isk that isn't invested in anything else, so I'm willing to take the risk of miscalculating the initial exchange rate. I might even just wind up serving as a broker. If I link up Flint with an Eve player, and they take advantage of the buddy program and establish an initial exchange rate; I might be able to quickly close the margin (or tax as you put it, Deepfried) on these transactions.

Brasidas Kriegen The Southern Legion The Umbra Combine 15	Posted - 2013.10.04 01:07:00 - [11] - Quote This thread should be called "Jita local chat".
General Erick Onslaught Inc RISE of LEGION 144	Posted - 2013.10.04 02:30:00 - [12] - Quote I am interested in your exchange. I want to start an Eve account when I get my computer so I'll keep in contact with you.
Flint Beastgood III GunFall Mobilization Covert Intervention 200	Posted - 2013.10.05 12:55:00 - [13] - Quote Gyn Wallace wrote: Flint Beastgood III wrote: EDIT2: Probably shooting myself in the foot, but I'm all for openness and honesty so... If it can be a chore or hard/time consuming to get enough money in EVE to plex your account it makes sense it should be as hard (or take as long to accumulate enough money in ISK), thus making a 10:1/1:10 exhange rate between EVE and DUST more suitable. Thay way you would have to make 60 million per month in DUST just to send to EVE, so you'd have to be making more on top of that unless you only run BPOs or have a large stockpile of gear (or never die, lol). 12M ISK is too easy to gain in a month (IMO). I was planning on adjusting the exchange rate, if the exchanges turn out to be completely one sided at my initial rate. In other words, I'm still perfectly happy to exchange 600M Eve isk to your Eve character, in exchange for 12M Dust isk, instead of 60M Dust isk, but I'd gradually bump the exchange closer to the 10:1/1:10 rate you describe, if everybody wants to exchange their Dust isk for Eve isk, and my Eve isk reserves begin to shrink. If you want another 600M Eve isk, I'd charge 14M Dust isk, for the second batch. 16M Dust isk for the third batch of 600M Eve isk. 18M Dust isk for the fourth batch of 600M Eve isk. 20M Dust isk for the fifth batch of 600M Eve isk. 23M Dust isk for the sixth batch of 600M Eve isk. 26M Dust isk for the seventh batch. 29M Dust isk for the eigth batch. 32M Dust isk for the ninth batch. 36M Dust isk for the tenth batch. And so on, interrupting that climb as soon as I start getting customers in the opposite direction. As soon as I get people who want to exchange Eve isk for Dust Isk, I can begin to stabilize the exchange rate, starting off at about half of whatever my last Dust to Eve exchange was. If you want the first ten batches for 6B Eve isk, it would cost you 226M dust isk, and I'd then be offering Eve Online players batches of 18M Dust isk for 600M Eve isk, adjusting the amount of Dust isk up closer to 36:600 with repeat business. Also, if you want me to get a referral, you can sign up for your free trial via: https://secure.eveonline.com/trial/?invc=593ee861-b719-4f43-9286-ac1d1b9f1f80&action=buddy So you can get a 21 day trial instead of 14 days, and if you then upgrade your account (including via a plex) I'll get a reward I can split with you. If several people do that, it greatly mitigates my risk of miscalculating the initial exchange rate. If you already know someone else who plays Eve Online, you can get them to invite you instead so they'll get the reward. Ask them for a buddy invite. I would probably get a referral from Feitlebaum. Looking at these figures I probably wouldn't buy the 6bn outright. Not enough potential profit for the risk. The risk being the unpredictability of the official transfer rate and the temporary hole in my pocket until the implementation of DUST-EVE transfers. I am still interested in funding an EVE character though and will stay in touch about this.
Harpyja Royal Uhlans Amarr Empire 611	Posted - 2013.10.05 13:13:00 - [14] - Quote I smell a scam...
low genius the sound of freedom Renegade Alliance 625	Posted - 2013.10.05 14:29:00 - [15] - Quote well... your exchange rate is pretty high. that's all.
Flint Beastgood III GunFall Mobilization Covert Intervention 200	Posted - 2013.10.05 14:57:00 - [16] - Quote When are you usually on Gyn?
Gyn Wallace OSG Planetary Operations Covert Intervention 4	Posted - 2013.10.05 16:24:00 - [17] - Quote low genius wrote: well... your exchange rate is pretty high. that's all. Yea, I'm more worried about wealthy Eve players (some have trillions of Eve isk) wiping out my Dust isk inventory, than the opposite, but that's why I'm planning on quickly adjusting the exchange rate if the traffic is one-sided. Flint Beastgood III wrote: When are you usually on Gyn? Eastern Standard Time, most evenings, and occasionally during the day, more likely on the weekends. Add me as a contact if you like.
Flint Beastgood III GunFall Mobilization Covert Intervention 201	Posted - 2013.10.05 16:27:00 - [18] - Quote Gyn Wallace wrote: Eastern Standard Time, most evenings, and occasionally during the day, more likely on the weekends. Add me as a contact if you like. Yeah I did, but that's pretty useless since it doesn't show you when a contact is online (or even last online for that matter), lol. If you're on I'll see you in the alliance chat anyway. You have DUST mail BTW.
Talos Vagheitan King Slayers 50	Posted - 2013.10.05 16:33:00 - [19] - Quote Power to ya bud
Gyn Wallace OSG Planetary Operations Covert Intervention 6	Posted - 2013.10.05 16:52:00 - [20] - Quote I'm thinking about modifying the offered exchange rate away from 1:50 Dust to Eve and 100:1 Eve to Dust, next week, since there seems to be more interest in Dust players trying Eve, than Eve players funding their or their friends playing of Dust. I'm thinking a rate more like 1:40 and 80:1 might draw more interest in isk traffic from Eve to Dust. Since an Eve plex costs a bit under 600M isk, and makes a nice reference point for minimum batch sizes, that would be: Next week's proposed rate (beginning Oct. 6th, 2013): 15M Dust isk buys 600M Eve isk, and 600M Eve isk buys 7.5M Dust isk. Flint, low genius, and General Eric; you've all expressed interest in my initial offer, so the 12M Dust isk for 600M Eve isk offer persists for you guys, if one of you wants the first batch. I'm also thinking about foregoing any kind of escrow services, to secure these exchanges, in light of my recently rereading the Dust forum rules and finding, "In addition, you agree not to use the Site for any unlawful purpose or in any way that might harm, damage, or disparage any other party. " - Dust Forum rules, from dust514.com/terms-of-use , emphasis added. That's a lot less scammer friendly than Eve Online typically is. I think that means that I should expect to get banned if I were a scammer trying to rip people off on the Dust forums. So unless someone gives me a good reason to reconsider, I'm getting less interested in paying a third party to secure these transactions. If someone else want to pay for it though, I'd still consider delivering first, to someone as well known as Chribba, if someone wants to pay him for his escrow services, out of their pocket, out of their side of the exchange rate. I'll follow up some time with a hypothetical for how I'd imagine/propose that would work. Right now, I'll state clearly and unequivocally, that if you make an agreement with me here on the Dust forums, I'll fulfill that agreement so that if you send me Dust isk to be exchanged for Eve isk, I'll complete the transaction, or if I CAN'T (perhaps someone deletes their Eve character or gives me an Eve character name that doesn't exist, so I CAN'T complete a transaction) I'll refund the Dust isk. Similarly, for the benefit of Eve players who wish to transfer isk to their Dust players, I will either complete agreements made here on the Dust forums to exchange Eve isk for Dust isk to your Dust character, or refund Eve isk for transactions I CAN'T complete. Gyn Wallace, Dust-side Min Lo, Eve-side


ChribbaX Otherworld Enterprises Dust Control Otherworld Empire Productions 805	Posted - 2013.10.05 17:12:00 - [21] - Quote That would probably work so that I get the names and values involved in the exchange. EVE ISK gets sent to my pilot in EVE obviously, and DUST ISK gets sent to this character, and then I send accordingly, minus fee's etc (whatever I would think that would be). All and all, of course assuming that CCP does not object. /c

Gyn Wallace OSG Planetary Operations Covert Intervention 6	Posted - 2013.10.05 17:53:00 - [22] - Quote Flint Beastgood III wrote: You have DUST mail BTW. Hi, received and replied. As soon as you post in this thread with your Eve Online character's name (an Eve-mail from that Eve character to Min Lo would probably make it easier for me too) and then send 26M Dust isk to me, Gyn Wallace, I'll have Min Lo send you 1.2B Eve isk. Afterwards, if you could post here to confirm the transaction was completed, I'd appreciate it. Upon completion of the first transfer, the next batch would be available at exchange rates of: 16M Dust isk buys 600M Eve isk, and 600 Eve isk buys 8M Dust isk. If people kept buying Eve isk, the rate would continue to climb, to: 18M Dust isk buys 600M Eve isk, and 600M Eve isk buys 9M Dust isk. As soon as I get Eve players buying Dust isk, I can begin to stabilize the rates and tighten them up.
Flint Beastgood III GunFall Mobilization Covert Intervention 202	Posted - 2013.10.05 18:02:00 - [23] - Quote Gyn Wallace wrote: Flint Beastgood III wrote: You have DUST mail BTW. Hi, received and replied. As soon as you post in this thread with your Eve Online character's name (an Eve-mail from that Eve character to Min Lo would probably make it easier for me too) and then send 26M Dust isk to me, Gyn Wallace, I'll have Min Lo send you 1.2B Eve isk. Afterwards, if you could post here to confirm the transaction was completed, I'd appreciate it. Upon completion of the first transfer, the next batch would be available at exchange rates of: 16M Dust isk buys 600M Eve isk, and 600 Eve isk buys 8M Dust isk. If people kept buying Eve isk, the rate would continue to climb, to: 18M Dust isk buys 600M Eve isk, and 600M Eve isk buys 9M Dust isk. As soon as I get Eve players buying Dust isk, I can begin to stabilize the rates and tighten them up. Yeah, I'll probably just send it to you in advance and you can give me an IOU until the time comes when I have a seller of what I want, then we'll all meet in a chat to make sure the transfers go smoothly. Thanks.
Gyn Wallace OSG Planetary Operations Covert Intervention 6	Posted - 2013.10.05 18:44:00 - [24] - Quote ChribbaX wrote: That would probably work so that I get the names and values involved in the exchange. EVE ISK gets sent to my pilot in EVE obviously, and DUST ISK gets sent to this character, and then I send accordingly, minus fee's etc (whatever I would think that would be). All and all, of course assuming that CCP does not object. /c Thanks for posting. Do you also offer excrow services for privacy? I think we're all prohibited from scamming people through this forum, so that escrow services would generally be unnecessary for people willing to have public transactions, but I'd imagine that people still might like to use your services, not just for added security, but for privacy as well. I'm happy to do business with you, where only you know your ultimate customer's identity. I imagine the process would look something like the following (at current rates and presuming an escrow fee of 5%) for an Eve to Dust exchange: 1. You (ChribbaX/Chribba) and a client (DustPlayer/EvePlayer) agree on an amount and fee. 2. EvePlayer transfers 630M to Chribba (if your fee were 5%, ~30M would be your fee on 600M) 3. You inform me, by posting here, that you're ordering the next batch, including: -Proposed rate: 600M Eve isk for 16M Dust isk, from Chribba to ChribbaX, within 1 day/3 days. 4. I agree, by posting here, confirming exchange rate and timeframe. -Agreed rate: Gyn Wallace to deliver 16M Dust isk to ChribbaX, within 1 day; Chribba to deliver 600M Eve isk to MinLo within 3 days. 5. Gyn Wallace transfers 16M Dust isk to ChribbaX, within 1 day of agreement. 6. ChribbaX transfers 16M Dust isk to DustPlayer, within 3 days of agreement. 7. Chribba transfers 600M Dust isk to Min Lo, within 3 days of agreement. 8. ChribbaX posts here to confirm completion, (just for the first couple transactions). At any point prior to your taking steps 6 and 7, you could cancel the transaction and reverse Steps 2 and 5. Am I making it too complex or misunderstanding anything? Is that a realistic time frame? This would differ from the normal non-escrow service, where: 1. A client posts here that they'd like the next batch, stating their character names, DustPlayer/EvePlayer. 2. I agree, posting here to confirm: -EvePlayer to deliver 600M to Min Lo, within a day or two; Gyn Wallace to deliver 16M Dust isk to DustPlayer, within 2 days of receipt. 3. DustPlayer confirms transaction by posting here. (for first few transactions; eventually silence would probably be an adequate indication that everything went well.)
Gyn Wallace OSG Planetary Operations Covert Intervention 6	Posted - 2013.10.05 19:01:00 - [25] - Quote Flint Beastgood III wrote: Yeah, I'll probably just send it to you in advance and you can give me an IOU until the time comes when I have a seller of what I want, then we'll all meet in a chat to make sure the transfers go smoothly. Thanks. I like the idea of meeting in a chat to complete transactions quickly, but I'd rather not accept your Dust isk so soon, if you're not sure when you'd like the Eve isk delivered. Your rate for the first two transactions is locked in for... let's say a month? If you don't complete within a month, and the rate is climbing, would that be withdrawing my initially offered exchange rate too quickly? I'm really not in a hurry. Any day now, we might all luck out and have CCP announce an official exchange that would make this all much easier for everyone. I'd prefer to avoid any unnecessary complexity by holding people's money any longer than necessary ( I realize that's a funny thing to write, given my last post's length, and this entire idea of opening an isk exchange, but I am trying to open an exchange rather than a bank). I'm happy to try to balance "The Customer is always right." and your convenience, with my desire to avoid being associated with Eve's ugly history of "banking."
Flint Beastgood III GunFall Mobilization Covert Intervention 202	Posted - 2013.10.05 19:04:00 - [26] - Quote Gyn Wallace wrote: Flint Beastgood III wrote: Yeah, I'll probably just send it to you in advance and you can give me an IOU until the time comes when I have a seller of what I want, then we'll all meet in a chat to make sure the transfers go smoothly. Thanks. I like the idea of meeting in a chat to complete transactions quickly, but I'd rather not accept your Dust isk so soon, if you're not sure when you'd like the Eve isk delivered. Your rate for the first two transactions is locked in for... let's say a month? If you don't complete within a month, and the rate is climbing, would that be withdrawing my initially offered exchange rate too quickly? I'm really not in a hurry. Any day now, we might all luck out and have CCP announce an official exchange that would make this all much easier for everyone. I'd prefer to avoid any unnecessary complexity by holding people's money any longer than necessary ( I realize that's a funny thing to write, given my last post's length, and this entire idea of opening an isk exchange, but I am trying to open an exchange rather than a bank). I'm happy to try to balance "The Customer is always right." and your convenience, with my desire to avoid being associated with Eve's ugly history of "banking." K, no worries.

ChribbaX Otherworld Enterprises Dust Control Otherworld Empire Productions 805	Posted - 2013.10.05 19:09:00 - [27] - Quote Privacy shouldn't be a problem if that is needed.

Flint Beastgood III GunFall Mobilization Covert Intervention 219	Posted - 2013.10.12 14:20:00 - [28] - Quote EVE account made. Ready for transfer of the first 2 batches. Is there a minimum character age for posting on EVE forums too? I couldn't see a reply button when I visited the corresponding thread there. EVE character: Flint Beastgood 0 <-- zero
Flint Beastgood III GunFall Mobilization Covert Intervention 226	Posted - 2013.10.15 19:46:00 - [29] - Quote I need to make this deal ASAP (preferably within the next week). When you gonna be on? I won't be on (to play) until the weekend but can jump on anytime between 20:00 and 23:00 (EVE) if I know in advance that you will be online. I check my EVE-mail and DUST forums regularly so if I see a message saying you're online I can jump on quickly for the deal.
General Erick Onslaught Inc RISE of LEGION 159	Posted - 2013.10.15 23:35:00 - [30] - Quote Gyn Wallace wrote: Flint, low genius, and General Eric; you've all expressed interest in my initial offer, so the 12M Dust isk for 600M Eve isk offer persists for you guys, if one of you wants the first batch. I've been away from this for a while, I'll PM you soon because I have a small issue.



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EVE Online/DUST514, the EVE/DUST514 logo, EVE/DUST514 and all associated logos and designs are the intellectual property of CCP hf. All artwork, screenshots, characters, vehicles, storylines, world facts or other recognizable features of the intellectual property relating to these trademarks are likewise the intellectual property of CCP hf. EVE Online and the EVE logo are the registered trademarks of CCP hf. All rights are reserved worldwide. All other trademarks are the property of their respective owners. CCP hf. has granted permission to OMG Labs to use EVE Online/DUST514 and all associated logos and designs for promotional and information purposes on its website but does not endorse, and is not in any way affiliated with, OMG Labs. CCP is in no way responsible for the content on or functioning of this website, nor can it be liable for any damage arising from the use of this website.