P2P loan shark
Forums › Suggestions & Feedback › P2P loan shark-
It's been suggested a few times that there should be a money lending feature. So here's my idea on it.
We have a loan shark Market, let's say player A has 10b cash, player B has 5b cash, player C wants 1b cash. Players A and B enter re Market with a fixed maximum amount of cash they are willing to lend, for example sake I'll use 2b. When they list their lending service they choose a duration of time 1 week being lowest and 10 weeks bein highest. Each "weekly" duration is linked to a fixed interest, 1 week = 10%, through to 10 weeks = 1%...cont.
-
Player A is willing to lend up to 2b for 10 weeks, player B is willing for 5 weeks. Player C goes with player A. Player A's account transfers 2b to player C's account. The interest payable for the duration is calculated, divided an added to player C's hourly upkeep. Player A gets repaid hourly. It's a free Market. It'd not not help struggling players but open a new income channel. Now, here's the catch. If player C falls in to negative, player A will still be paid. If player C resets, player A loses the remaining repayments. Thoughts please...
-
Sorry 1b is transfered not 2b. Too many figures lol. Also, to avoid any risk of bullying by player A with player C the transaction could be anonymous as default. We don't need to know where the money is coming from or going.
-
Good if its anonymous.
-
Just realised we no longer have universal currency either so it may have to be country based lending and borrowing to keep complexity to a minimal, but that's fine.
-
VADAN wrote:
Dosen't matter all exchange rates are equal here. Also there would need to be a factor on how much can be lent to you based on income and possibly the ability to protect yourself. If not someone can take a mule borrow the max, reset, repeat. Bankrupt a number of players. Or at least throw away multiple peoples money.Just realised we no longer have universal currency either so it may have to be country based lending and borrowing to keep complexity to a minimal, but that's fine.
-
No factor on lending amount. The lender sets a fixed maximum amount when they choose to be listed. The terms of repayment are pre-set and can not be changed without removing the listing. The borrower simply chooses re lender that beat suits their need and takes the amount they want. The lender is protected by negative income as their repayments will still fo through (this is the borrowers problem). If thu reset, well, both players lose out. You have to maintain a degree of risk. That's how rl loan sharks work. It being anonymous removes any risk of muling and forced bankruptcy.
-
VADAN wrote:
If they reset you should get the persons name. That way you can beat the money put of em 👊No factor on lending amount. The lender sets a fixed maximum amount when they choose to be listed. The terms of repayment are pre-set and can not be changed without removing the listing. The borrower simply chooses re lender that beat suits their need and takes the amount they want. The lender is protected by negative income as their repayments will still fo through (this is the borrowers problem). If thu reset, well, both players lose out. You have to maintain a degree of risk. That's how rl loan sharks work. It being anonymous removes any risk of muling and forced bankruptcy.
-
Out*
-
Mr Baron wrote:
If they reset what's the point in that?VADAN wrote:
If they reset you should get the persons name. That way you can beat the money put of em 👊No factor on lending amount. The lender sets a fixed maximum amount when they choose to be listed. The terms of repayment are pre-set and can not be changed without removing the listing. The borrower simply chooses re lender that beat suits their need and takes the amount they want. The lender is protected by negative income as their repayments will still fo through (this is the borrowers problem). If thu reset, well, both players lose out. You have to maintain a degree of risk. That's how rl loan sharks work. It being anonymous removes any risk of muling and forced bankruptcy.
-
VADAN wrote:
So that if they keep playing you can get revenge, shouden't reset while owing money....Mr Baron wrote:
If they reset what's the point in that?VADAN wrote:
If they reset you should get the persons name. That way you can beat the money put of em 👊No factor on lending amount. The lender sets a fixed maximum amount when they choose to be listed. The terms of repayment are pre-set and can not be changed without removing the listing. The borrower simply chooses re lender that beat suits their need and takes the amount they want. The lender is protected by negative income as their repayments will still fo through (this is the borrowers problem). If thu reset, well, both players lose out. You have to maintain a degree of risk. That's how rl loan sharks work. It being anonymous removes any risk of muling and forced bankruptcy.
-
It sounds way too complicated, even just using simple rather than compound interest. It would still be too easy to exploit using a mule. Where does the money come from that gets paid back if the person is in the negatives? That doesn't make sense.
As for revenge, if they even started playing again after resetting, you'd still have to wait until they were above level 15. Then what, make them quit?
![[][]](https://turfwarsapp.com/img/app/ajax-forbutton.gif)
Purchase Respect Points NEW! · Support · Turf Map · Terms · Privacy
©2021 MeanFreePath LLC