Sirius Bank

[Coin]

I've been trading awhile, and i've racked up some cash. quite a lot in fact.

so im faced with a dilemma. do i buy a cap8 armour, or do i start a bank.

banks have tried and died in the past, but i think i can make this one work:

Collateral.

if you want to borrow some cash - you need to give me the account codes to a ship of yours. If you don't have a ship that can cover the amount of the loan, then you need a friend.

A guarantor. A faction leader, or a good buddy.


of course, there will be the usual caveats - the OWNER of the ship signs the loan. its up to him/her where the money goes.

the money must be paid back, with the interest by the specified date, or the ship goes on the forums - where it can be bought by the highest bidder. failing a sale, the ship will be scrapped, and the guns sold to code-dealers, and the armour and ordinance sold to whomever.

The owners of the ships can rest assured that i won't sell the ships unless i absolutely have to - cos otherwise its a bunch of paperwork that i just dont want to do - and they can also be assured that the business will be built on trust - as soon as there is the whiff of nefarious dealings, then the whole bank is sunk, cos people just won't take the loans.


to that end, the loan amounts will be higher than the value of the ships, but lower than the value of everything if i split it up.

i'll be interested in all sorts of loans - from tiny little ones requested by new players to get them started, to big loans for people to hire a barge for a day/week/etc.



However, i know im missing something though. i know its exploitable, somehow. but i can't see the wood for the trees.

what have i missed?

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