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EVE Online Banking Story

Massively has details on another interesting tale to emerge from EVE Online, where EBANK, one of the game's player-operated financial institutions, has admitted to being in the red to the tune of some 1.2 trillion (yes, with a "t") of the ISK that is the game's coin of the realm. Accounts in the virtual bank are now frozen, and the article outlines the mechanics of the game's virtual economy as well as details on the embezzlement and mismanagement that has head to the 1.2 trillion shortfall. They have optimistic word from one of the banks' operators on when withdrawals will be allowed and when accounts will being earning interest again, as well as pessimistic word that the full extent of the losses may not yet be fully understood.

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11. Re: EVE Online Banking Story Aug 26, 2009, 14:26 Creston
 
But I'm not sure why anyone would give their money to a "Bank" in eve. There is nothing in the game that resembles a bank. You'd be giving your money to a player who promises to give you more money back...where is he going to get that money!?

Well, he's just like a real bank. He isn't going to get that money, and then he declares bankruptcy, and claims in front of a court of law that he can't be expected to give people their money back, and the government should just take care of it.

Just like real life!

/Sarcasm off.

Most likely he uses that money to buy and resell goods for a profit.

Creston
 
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