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Info: Entropia PED flow and Loot Pool basics explained

Fifth said:
Guy doesn't know anything about finances. The practical approach doesn't seem to work either. :(
Well, at least we tried.
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please go away from this discussion if you can comment facts presentet to you directly from the financial statement.

you keep dodging them and instead try to explain with some made up logic.
 
Well it's pretty obvious MA is not a bank (at least as long as they don't have banking license).
They are ordinary company that is emulating virtual currency which is tied to USD and freely convertible both ways. From the customer's viewpoint it's important that the system works as promised. In every practical aspect, that's all that matters.

Which dollars exactly are they using to pay salaries? Who the hell cares as long as your withdrawal comes through? Suppose one day it won't come through any more. Is it important then? Well not really. Either way it's just useless nitpicking that doesn't change anything anyway.

In the eighteenth century it would have worked like this: u step into MA office to hand over your $100 in cash, having carefully written up the serial numbers on the bills. Then few days later u appear in the office again in person for your withdrawal - and demand that they give u the exact same bills. Those were MY bills, my own personal bills, understand!

If u try that today they'll say We're terribly sorry sir, but we have no idea what u talking about.
Neither do I.
 
Fifth said:
There is a difference with guarantees thou. Banks are usually backed up by governments (to a degree), MA doesn't have this additional safety net.
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Don´t rely on that, to many banks gone bankrupt last 10 years, no gouvernment backed that up.
Massive loss for for investors.

There is no investment without risk!
 
GoNi said:
Don´t rely on that, to many banks gone bankrupt last 10 years, no gouvernment backed that up.
Massive loss for for investors.

There is no investment without risk!
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And customers who have deposits! Well cyprus i think called it a tax ;) on x amount ;) and capital controls on your own xxxxing money
 
GoNi said:
Don´t rely on that, to many banks gone bankrupt last 10 years, no gouvernment backed that up.
Massive loss for for investors.

There is no investment without risk!
Click to expand...
Yes, indeed. Every investment is a calculated risk.
Was actually thinking about that while writing but then decided o well let it be... :)
 
Fifth said:
Well it's pretty obvious MA is not a bank (at least as long as they don't have banking license).
They are ordinary company that is emulating virtual currency which is tied to USD and freely convertible both ways. From the customer's viewpoint it's important that the system works as promised. In every practical aspect, that's all that matters.

Which dollars exactly are they using to pay salaries? Who the hell cares as long as your withdrawal comes through? Suppose one day it won't come through any more. Is it important then? Well not really. Either way it's just useless nitpicking that doesn't change anything anyway.

In the eighteenth century it would have worked like this: u step into MA office to hand over your $100 in cash, having carefully written up the serial numbers on the bills. Then few days later u appear in the office again in person for your withdrawal - and demand that they give u the exact same bills. Those were MY bills, my own personal bills, understand!

If u try that today they'll say We're terribly sorry sir, but we have no idea what u talking about.
Neither do I.
Click to expand...

You still keep dodging..... stop being a troll in this thread plz
 
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