ZB-Bank

[omni]

I was just wondering if Arnk, or anyone, kept logs of this bot, just in case something were to happen to it. And if something did happen to the bot, would we get our money back?

 

I remember there being issues back with the old HS Bank where people lost money.

[Exst]

I was just wondering if Arnk, or anyone, kept logs of this bot, just in case something were to happen to it. And if something did happen to the bot, would we get our money back?

 

I remember there being issues back with the old HS Bank where people lost money.

 

Is ZB-Bank official? If it is, will a log be kept 24/7 so that players don't lose money in case the bot goes down?

[»Ceiu]

- Yes it's offical.

- Unless arnk scrapped everything from the last implementation, it stores your account info in a database which is retained between logins.

[Suicide_Run]

Does the bank give interest? o.o

[Kilo]

Don't forget that there were two bank bots before, one was not legit (HS-BankBot or something), and one was (UB-Bank.) UB-Bank didn't have issues, the other one was a scam.

 

Not only are things stored in a reliable database but transactions are logged.

The rates are in !help.

[omni]

Thanks. I was just checking.

[Unix]

For the amount we can withdraw, at one point will we be able to withdraw 100%?

 

Also, when the bot is not online, will the time varied components still continue to grow, such as interest and amount we can withdraw?

 

Maximum or a minimum to keep in bank?

 

If we deposit money after the initial, will we have to wait for that specific deposit to be able to withdraw the 100% or is that withdrawn percentage for the entire account?

[Gar]

And you make money exactly how? Not that it matters, since your percentage is so extremely low people make next to nil. If I put 200k in for an entire month the interest would only be about 15k, and then there's your balance restriction which will basically make it impossible to ever get more money out than you put in as far as I can tell. Zone resets only last so long eh? Or you could pool some cash together with your friends and bank a million for the hefty payout after 30 days of 75k...

 

Please do correct me, because I'd rather be wrong. I used P(1 + r/n)^nt.

Edited July 15, 2008 by Gar

[oid]

I calculated 1,123,548.30 using http://www.moneychimp.com/calculator/compo..._calculator.htm (over 720 hours) But that calculator might be messed up.

[Kilo]

Interest is compounded hourly, not daily, so it grows relatively quickly.

Of course the interest rates will be adjusted as necessary to balance the amount of incoming investor money with outgoing interest payments. Like real banks, if you end up depositing a crap ton of money, withdrawals may be delayed. We'll see who is willing to invest and who has good credit (who wants a loan?)

 

By the way, before anyone brings it up: there's a very good chance certain mechanics don't run like a real bank does (for example I doubt the loan mechanism will be quite the same.) This is just a fun project I wrote a few months back and I've decided to revive. If you have questions you are free to ask me, though I'll probably eventually write a !faq command too.

 

Edit:

After making some deals with some investors I'll probably keep things safe and tone down the interest rate to a level that is still good (really any significant interest rate is good, because it's making more money than it would sitting in your account) but something that won't break down the bank after two months when someone invests $5 million. (lolz the current rate would yield 3200%, I just wasn't thinking enough about how it'd grow in that time, meh)

The general deal is your available balance will also hit a ceiling (possibly a million) due to what I said above. So if you're planning on growing large amounts of money in the bank you'll have to take it out slowly enough to keep things running smoothly.

 

If you deposit some large sum of money I'll probably ask you to become an investor just so the less fortunate in the zone can get maximum enjoyment from this, the rich don't need to get money as fast.

 

I'll try to get the bot up once a day, !about or !help has some scheduled hours but I can't really commit to them yet, I'll figure out what works best soon (yes, your money still accrues while it's offline, so the benefit of it being online is solely to deposit/withdraw.) If I'm online but the bot is not and it's not 4am you can feel free to ask me to put it up.

 

Features to come: loans. If you're not a !@#$%^&* you can get some advance money. If you run off with it then you're just going to forfeit bank services for life. I'll figure out some other form of collateral if it needs to come to that. Might have some sort of bond system where you can deposit your money, but it will be inaccessible for a while, but gain better interest. Both of these functions would have to be manually set up per user, as automation of that stuff would really get out of hand.

Edited July 15, 2008 by Kilo

[Gar]

I accounted for the hourly compounding. I actually made an excel spreadsheet with your fifth of a percent interest so I know it's not a math error. I don't have any clue what '1,123,548.30' or '3200%' is supposed to be. 5 million in the bank for 60 days would generate $779,924... but nobody has 5 million, and nobody's going to wait 2 months for a payoff they could make in 8 turf events or 20-30 basing games.

 

Maybe I'm misunderstanding something, but i took your .2416 percent as 0.2416%, or a fifth of a percent. Again, the formula I used was Amount = P * (1 + (r/n))^(nt) where n is 24 (for compounded 24 times a day), r is 0.2416%, and t is the number of days you leave P in. In my excel the interest multiplier is 0.002416, because .2416 would be 24.16%, resulting in unbelievably huge amounts. Maybe you guys are making that mistake?

 

Honestly, you're a dev, why not just set it up force payback with grants? Someone takes a loan, the bot disables their ability to ?give, after their time is up they are degranted the amount they're supposed to pay back if they don't (and the bot regrants itself that amount), probably resulting in -60k or something in the player's account that they have to work off. I think that system would actually be pretty cool. Loan now, play with good ship now, make money quicker and enjoy the zone quicker. Who cares if you have to work off -60k or something if you actually have a good ship to do it with?

[Kilo]

That formula I believe is for when you have an interest rate referencing the year (the usual way a real interest rate is shown) but compounding more often. This is compounded hourly referencing the hour. You're referencing a day. The intended effect is to give a certain % (the number was .002416) of their funds to them every hour. (n = 1, t = 24 * days.) This worked out to a good investment over the course of a week but ridiculous over several weeks.

 

I'd like to avoid using grant money. Just would make it easy to be careless about things, and makes running this an interesting challenge.

Edited July 15, 2008 by Kilo

[Gar]

Ah so in your method 200k put in for 24 hours would result in $211,925? In that case my 200k would turn into 1.13 mil in 30 days. I'd invest

 

But real my point was a loan system might solve the 'newbie problem'. Give them a choice of getting right into the action with a great ship, but it comes at a price.

[rootbear75]

Ah so in your method 200k put in for 24 hours would result in $211,925? In that case my 200k would turn into 1.13 mil in 30 days. I'd invest

 

But real my point was a loan system might solve the 'newbie problem'. Give them a choice of getting right into the action with a great ship, but it comes at a price.

sad thing is... gar actually has a good idea

 

but afaik, it's been talked about many different times in the past, and every time it has been shot down

[omni]

I see you decreased the interest rates?

[Kilo]

After making some deals with some investors I'll probably keep things safe and tone down the interest rate to a level that is still good (really any significant interest rate is good, because it's making more money than it would sitting in your account) but something that won't break down the bank after two months

[omni]

Fair enough.

[op2rules]

Ahhaha I loved that other scam bank bot. Everyone was telling me to take my ~200k out of there but I didnt, and In the end I had over a half million, I took it out, and withing 6 hours the bot was gone and everyone lost all their money.

[Kilo]

The bank project is over. Withdraw your money.

[fishy]

The bank project is over. Withdraw your money.

 

Good idea, since you can't even keep the stupid thing online. Worst bot ever.

[»Ceiu]

I'd like to see you make a better one.

[Kilo]

As if it wasn't accruing interest while off line

Sorry for giving out hundreds of thousands of dollars in free money to you guys, I'll be sure to never do that again.

 

Also lol way to complain when you never even had an account, troll.

Edited July 18, 2008 by Kilo

[op2rules]

No, I agree the bot IS the worst bot ever. I mean really..... its almost never on, most people didn't even know about it (me and many others), it probably didnt give interest, and well... proved itself useless.

[Suicide_Run]

I didn't know about it till this thread came alive but that didn't stop me from getting 14k in interest.

 

Did alot of people know about IdleRPG when it was in zone almost 24/7? No, no one did and I KNOW that for sure too. People only started to know about it when we started to spread the word.

 

Thus Having a bot online 24/7 does not make it the bot useful. Its like saying mods are useless cause they ain't on watching the zone 24/7.

Edited July 18, 2008 by Suicide_Run

[Kilo]

Probably didn't give interest? If you didn't use it, why be a troll? Dozens of people were using it and everyone who put in money before I called the thing off has made something.

It was kept online for over 12 hours on the first full day or so, but given how it's the middle of summer and I've got no air conditioning, not really a good idea leaving my computer on in the middle of the day unattended.

 

Let me reiterate:

My bad, sorry for giving out hundreds of thousands of dollars in free money to you guys, I'll be sure to never do that again.