The chairman of the virtual bank in EVE Online, a space-trading/piracy game, absconded with billions of virtual credits, swapping them for $5,000 in cash to make a house payment. The embezzlement caused a run on the bank and has rocked the economy of EVE.
The run on the bank has come to about 600 billion ISK, which has been withdrawn. However, we have a very big group of excellent supporters, who have deposited about 105 billion ISK sitting in Sweep to keep us liquid. We are extremely grateful for this. Currently the run seems to be mostly over with only a slightly higher withdrawal rate still, than deposit rate. That's to be expected, and in-line with EBANK's strategy to shrink to a more managable level.
Billions stolen in online robbery
EBANK has always been extremely sound, due to our massive reserves. Our checks and balances have proven themselves to work as a mitigation device and by having the reserves spread out over several directors, the embezzlement was kept to a minimum. However, the run on the bank had the potential to do great damage to EBANK as people frantically made withdrawals to ensure they would not be caught if the bank ran short.
We have also had several offers from very large entities, regarding big loans, should we need to cover any insolvency. Frankly, this has yet to be needed. But we are grateful for the support.
New perspective on EVE Online's latest bank embezzlement
Matt Parker is a “standup mathematician.” In this entertaining video, he demonstrates a 1960s plastic toy that plays the game of Nim against a human opponent. Interestingly, Dr. Nim is an ingenious mechanism that uses plastic levers to control the number of marbles it chooses to drop. If you go first, Dr. Nim will always […]
“A Brief History of Video Game Controllers,” starting with Tennis for Two (1958). My favorite is the pioneering Nintendo Power Glove (1989). (Super Deluxe)
See sample pages from this book at Wink. After Dinner Games: 40 of the Greatest After Dinner Games by Jenny Lynch (editor) Lagoon Books 1998, 96 pages, 4.8 x 6 x 0.5 inches $1-$8 Buy a copy on Amazon This pocket-sized book is for that time when things get awkward. That time when conversation has […]
The realm of web development is constantly evolving. New platforms, languages, and processes materialize all the time, so staying on top of all that innovation is a tall order.Whether you’re brushing up on new tricks, starting from scratch, or just looking to make your own website a little jazzier, Rob Percival’s new Complete Web Developer Course 2.0 (now […]
Folks used to rely on alarms to protect their home – and before that, the family dog. Now, anyone looking to guard their homes can choose from some high-tech options, including the Amaryllo iCamPRO FHD Home Security Camera (now just $219 in the Boing Boing Store).In fact, this 2015 CES “Best of Innovation” award-winner boasts so many features, it’s […]
If you want a quality vaping experience, it’s usually going to cost you. Vaporizers that deliver a fast, controlled burn will set you back up to $300, which is why the FEZ Vaporizer (now just $99) is an absolute steal.The FEZ dry herb pen does everything that more expensive models handle at a reduced price. It heats up […]