| Author | bank |
|---|
a place whch gives loan
with interst ofc )
also a place to store gold
or invest in some FD or plans |
| What |
| Could work, would need a maximum limit on amount of loan, time of repayment and proportionate fines for defaulters. Don't want people building whole castles and multiple art sets and abcs then sit with negative penalty comfortably. |
FD and stuff can work out but loan makes no sense, people can take XYZ amount and then run off leaving a bad name
We need to revamp economy system to make it now more intriguing because the TG has grown since game started and we are more interested in more complexity |
| Well i would suggest in this case to make a separate valute (blue gold for example) witch can only be used after a player spent his normal gold. Also i would suggest that the bank wouldnt loan any gold for non active, semi-active players, but only for extremly active players and if the gold was unable to return in certain time, the player would suffer by loosing his LG HG MG points. |
There already is a financial service in the game https://www.lordswm.com/hwm_donate_page_en.php
-1 |
Oh Navi..
One thing i forgot to mention was that any loan amount should disable participation in gambling/roulette while the debt stands. Think about all the multichars people would make and abandon to try and take advantage of loan to gamble. |
I would definitely like to see more complexity in the 'money' side of the game and I think a loans bank could work.
Make the loans high interest, circa 20-30% APR to prevent abuse. Ceiling capped at 2x original loan amount to prevent excessive debt. (12 year olds playing the game will not appreciate the impact of compound interest if left unpaid so there needs to be acap)
Maximum loan amount should be tied to labourers guild level
No loans below LG4 (720 enrolls)
You should have a 'credit history' with the bank for access to higher limits/preferred terms. i.e. you cannot just take out 500k gold unless you have withdrawn and repaid smaller amounts before.
Player to player transfers capped/banned with outstanding loan amount
Monetary and non monetary penalties if not adhering to repayment timetable/loan terms. e.g. longer cooldowns, unable to enter combat etc. eventual ban/required to pay diamonds.
Loans could use military clan as a guarantor |
Loans/Banks work in real life because they come after you. Collection services. Lawsuits. Jail. There is a legal enforcing.
Here you take 1 billion gold, and when it runs dry close account and make a new one.
Or take loan, after loan, after loan, etc... keep enjoying the game until you make new account.
It just doesn't work unless you put something solid as collateral. In this virtual game there is nothing solid except the page mentioned before... |
Case in point: thread author who proposed this is a lvl 3, with 31 enrolls,
0 gold, 0 wood, 0 ore, 0 mercury, 0 sulfur, 0 crystals, 0 gems,
Roulette bets total: 6,706
Roulette winnings total: 1,227
I'm sure he only needs 1 million gold and will return it with 30% interest as soon as he looses it all in roulette... |
How it would be if lone amount depends on credit score ?
If the lone amount depends on past lone repayment trends and average daily income then it would work. However it's too much to code so better to remain in current manual system where the limit is calculated manually and enforced by game rules. |
Here you take 1 billion gold, and when it runs dry close account and make a new one.
Or take loan, after loan, after loan, etc... keep enjoying the game until you make new account.
It just doesn't work unless you put something solid as collateral. In this virtual game there is nothing solid except the page mentioned before...
You've completely missed all the mitigating criteria in post 8. The game is able to enforce via restrictions so it definitely could work.
Case in point: thread author who proposed this is a lvl 3, with 31 enrolls
such a character is obviously not eligible for a loan and certainly would not be able to take out 1 million gold in the same way you are not able to go into a real life bank and take out $1 million for roulette.
A level 14 with 10,000 enrolls is not going to just abandon their account because of a 200-500k loan. |
