A bank?

[Donari Tyndale]

What would you think about a bank? Giving Credits and paying interest....

[ThomPhoenix]

What an amazing idea! 

Some random keywords: search, obvious, wrong subforum.

A good idea would be if a player or a group of players would act like a bank, I hope that's what you meant and you were not referring to the obvious implementation of a bank.

[Donari Tyndale]

Yes, that is what I meant.

[Karyuu]

I believe Miadon had one going a long time ago, and it seemed to be working quite well :}

[Idoru]

hmmm, it seems like a good idea, but what do you do if a person doesnt repay their debts? if they just login as an alt, get a loan and then pass the money to their main?
I have to say that I work in a Credit Union and its hard enough to get members to repay their loans when you have all their bank details, RW address and legal aspects to back you up.

[Donari Tyndale]

Hm yes, I have thought about that. The risk would be greatly reduced if the money is only lent to members of honorable guilds.

[ThomPhoenix]

If you're going to start a bank I would recommend making a very good startpost, else you won't attract possible clients

[Donari Tyndale]

I know, I just checked if it would be a good idea to start, I will think about details and then a post

[zanzibar]

I have an idea!  We can start a bank, then borrow money from the bank and put that money into the banks treasury so that we have capital to lend out.  Then we'll make bank notes that can't be forged.  Those notes will "represent" money in the treasury.  Now get this!  People won't cash in on their bank notes all at once, so we can actually lend out more money than we have.  Let's call it "fractional-reserve banking".  We could lend out ten times as much money as we actually have in the treasury!  And then charge interest on it.

And then we could close all the loans all at once and tell people that they have to pay up or else we gain control of their assetts.  Since everyone will be trying to get their hands on money to pay us, money will become rare, and many people won't have enough money to pay their debts.  It's brilliant!

[zorbels]

One thing I can suggest is have a chat with Miadon. He as Karyuu has pointed out, had a bank at one time. He will be able to give you the answers perhaps to problems that came about, or help you troubleshoot certain issues. Can't hurt to ask. Good luck.

[Goldir]

Or.. Just a thought... a public container that just lets you put money in and take it out.  I hear tell they are called safes and such.  Heck, you could even practice lockpicking.  Or even more feasable in the immediate future: I bet with a little bit of code you could probably make an NPC that would do it for you!  Maybe even let the player "purchase" a token from an NPC that just conveniently happens to be worth the exact amount of money (or a slight percentage less) than they gave the NPC.  They give him/her/it 200 tria and they receive a token that is worth 198 tria when it is sold. Right now a lot of people are using glyphs for this purpose, due to the fact that they weigh nothing and the return on them is decent. Lots of different ways to do this, and I trust hard code a lot more than I trust some person who might or might not login for months at a time.  Of course making posts like this is just asking for a "still in development, RP everything, etc response.  Sorry, but until Yliakum gets their own version of the FDIC I am kind of nervous about giving other players my cash.  Not to mention the risk of another wipe like the one that occurred after the platinum fiasco wiping out all the bankers excess funds.

[Phinehas]

Hm yes, I have thought about that. The risk would be greatly reduced if the money is only lent to members of honorable guilds.

Theyre the least likely to need a bank.

[Xordan]

Btw, the whole point of a bank is that you store your money in it, the bank gives you interest on it and uses the money you gave to the bank to make huge amounts of money. Banks don't make very much on loans in comparison (not in the short term anyway). So yeah... it's not really a bank if all it does is loan out money, just a moneylender.

[Phinehas]

That's a good point. I thought of that, but couldn't figure out how to state it concisely.

[zanzibar]

Btw, the whole point of a bank is that you store your money in it, the bank gives you interest on it and uses the money you gave to the bank to make huge amounts of money. Banks don't make very much on loans in comparison (not in the short term anyway). So yeah... it's not really a bank if all it does is loan out money, just a moneylender.

Morgages are loans.  Ditto on credit card ballances.  I think that banks make a lot of money from things like that, so I'm not so sure that loaning out money isn't a primary source of income for them.