Total Free Money Earned

Redeems: $280,439

BTC Rate: $120106.07

Results 1 to 10 of 42

Hybrid View

  1. #1
    PokerOwned Veteran
    Join Date
    Jun 2011
    Posts
    114
    Quote Originally Posted by Zab View Post
    This can't be.. because then we're at the same place we were.. Me basically insuring your loans.

    If the people don't pay back the loans, you are out of luck (Go break their legs!)

    The only problem with your 'bad loan insurance idea' is that its ripe for abuse. I'll explain

    User #1 makes an account, brand new.. user #2 loans him 10,000 points. He gives the user the points, use spends them and never comes back again.
    User #2 files his claim, he gets back SOME points every single time he does it. See what I mean?
    First my suggestion was that the defaulted borrower's account goes debit but never mentioned that the lender be credited at that point, hence PO is not not "in the same place we were". In the entire post it was never suggested that PO back anything.

    Second, you have used an example of 10,000 points which is 10x the limits in the example of 600-1000 points. So I do get the point that hanky panky could occur but somewhat blown out of proportion.

  2. #2
    Zab
    Zab is offline
    PokerOwned Admin Zab's Avatar
    Join Date
    Feb 2008
    Posts
    7,256
    Quote Originally Posted by Daytradin View Post
    First my suggestion was that the defaulted borrower's account goes debit but never mentioned that the lender be credited at that point, hence PO is not not "in the same place we were". In the entire post it was never suggested that PO back anything.

    Second, you have used an example of 10,000 points which is 10x the limits in the example of 600-1000 points. So I do get the point that hanky panky could occur but somewhat blown out of proportion.
    I just have to figure out a way to freeze the users points, or whatever he earns goes back to the person he borrowed points from FIRST
    "And Shepherds we shall be. For thee, my Lord, for thee.
    Power hath descended forth from Thy hand. Our feet may swiftly carry out Thy commands.
    So we shall flow a river forth to Thee And teeming with souls shall it ever be.
    In Nomeni Patri Et Fili Spiritus Sancti."
    http://www.youtube.com/watch?v=7_AtUXdXA_s

  3. #3
    PokerOwned Veteran
    Join Date
    Jun 2011
    Posts
    114
    Quote Originally Posted by Zab View Post
    I just have to figure out a way to freeze the users points, or whatever he earns goes back to the person he borrowed points from FIRST
    Every user has a new field, "bad loans outstanding (BLO)". This account is credited for the lender as the borrower's account is debited during a default. When the defaulted borrower's "BLO" has a negative number, any earned points decrement this negative value before their available points balance goes positive. The newly earned points transfer to the lender and his BLO account is reduced. Additionally the BLO account would list the bad loans and borrower's making up the balance.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •