Re: Insurance action
The Insurance EXPLOIT
My knowledge of Perpetuum's insurance mechanics is very limited because I only used it to reduce my losses when dying in PvP, never making an actual profit from it since all my bots were obviously fitted with modules. What I have heard of after the punitive actions is that A SMALL PORTION of the insurance FRAUDers were also using an EXPLOIT to increase their insurance payout. By selling a bot (for example a Kain) back and forth to eachother for a ridiculously high price (for example 100 millions NIC), they would influence the game's insurance system into thinking that the average price that the bot was being sold for was much higher than it really is. This EXPLOIT increased the insurance payout and allowed people to make an much larger UNINTENDED profit from the otherwise legit insurance FRAUD.
Wouldn't most of the money being gained be lost in trade fee's? I guess if you were going to do this on a massive scale to get the price high and then blow them all up... but the pricing is done on an average over 2 weeks i believe?
As long as the transaction fee's are raping enough and the average price is long enough I don't see the issue really. But i haven't really thought this out and I need more coffee.. Off to the kitchen.