Thread created on Tue Feb 19, 2013 15:30:04 Last replied to on Tue Mar 12, 2013 16:58:56
I believe the loan shark would be an attractive new update and would be fast and easy to implement.
As it stands you can borrow $100k and pay with points to upgrade this, a small % of total loan is deducted daily if you dont repay it. I am of the opinion that paying points to upgrade isnt worthwhile just to lend an extra $100k.
It would be better if your borrow limit was based on networth or level, this way a player with alot of money or higher need for quick large sums could borrow say $10-50 million and then pay it back when they had it on hand. And by still deducting the % daily fee it would also remove money from Torn so be better for the economy, repercussions could also include random hosp's or losses of happy for non repayment within a day or so.
Could also maybe implement a system that allows collateral to be placed to borrow money, saves some people having to sell useful points or items to make a quick buck, by letting them lend money slightly less than the items market value for a set amount of time and if repayment isnt met they forfeit the item.
Loan shark right now just isnt worth it, who needs to borrow 100k when many keep a few million on hand at one time, simply became out dated when the economy moved and personal wealth increased.
Loan shark is an antiquated part of torn that only had its uses back when it was rare to see anyone with 500k to a mil and I see no real benefit by updating it. Time spent revamping it could be better spent on other more important updates/suggestions.
Leave it as is and let people get their loan shark honor
How about if you could borrow 100k for each level you attain.
So a level 1 could borrow 100k, L15 1.5m, L40 4m, L100 10m (with no upgrades)
Each merit upgrade could increase your limit by 20% therefore...
L1 400k, L15 6m, L40 16m, L100 40m (upgrades maxed out)
That's a good idea.
And to reply to the previous replies : when you borrow money from Tim, you already know that you're going to have to pay it back, so it's at your own risk (I never used it, and probably wont, since I dont wanna lose money). BUT for the ones who really need fast cash, it's a good idea. This would also curb the inflation in Torn City.
To the doubters; the more money that is borrowed from Tim the more money is taken from the economy, one percent may not sound like a lot but as a daily rate of interest it soon adds up, especially if you make it compound interest!
How about a loaners system? Starts at 10m and your interest is 2% per day. Then once a loan is repaid and 24 hours has passed you can increase what you can loan by 10%?
That way it would take 10 multi's or some seriously active one's for anyone to get some gain out of it and the staff would probably (or should) pick up 10+ dubious transfers.
But a system like this would mean that if you were making your payments you could still end up being to access hundreds of millions within a year. But being forced to pay back 2% interest could still get overwhelming fast and stop anyone from loaning beyond their means.
On a finally if someone ends up with negative cash for 7 days they should go to fed. This rule should be clear when its added and this would hopefully make multi's easier to follow too
There won't be much multis as they will need to invest money to get money. And the investment in much larger then the gain.
Itsy Bitsi Bikini(IBB) is recruiting.
We need chainers with atleast 250mil BS and we are leniant if you are very active in wars and loyal to faction members. So if you think you are good enough then join us.
It would take more money away from the economy in the long term, raising the daily fee would also help. And im sure it would not be a problem to write a script that ends the negative money thing and introduces a form of permanent hospitalization or some other detterent so folk wont wanna get in heavy debt.
Either way whatever happens some form of change for the loan shark would be good, its basically useless atm.
And as for not needing it due to easiness of making money, if i need 5mill right now how can i do that without moving money around or selling points/items/stocks which i may want to keep? Not by doing crimes anyways, bounties are low value, loan shark would be a nice option!
Poor Tim gets mugged many times per minute i'd imagine, poor 5 nerve crime target, so how come he can only lend 100k when daily he loses hundreds of thousands to muggings haha.