EVE Online is a deep sandbox game with the
most complex player-driven economy found in any massively multiplayer title. There's enough depth, in fact, that players can establish their own financial ventures in-game, in the forms of bonds and IPOs, and even
institutions like banks. However,
EVE Online is a game where some players create while others undermine or outright destroy.
Trust is a valuable and rare commodity in
EVE's setting of New Eden; there are always risks of deception and betrayal. But those willing to take risks are generally the ones who are most successful. Of the player-run banks presently operating in the game,
EBANK has billed itself as "
the largest financial entity ever seen in EVE."
The secrets of its success? A
solid Board of Directors and knowledgeable staff, various safeguards preventing any one individual from accessing all bank assets and, yes, some of that rare commodity called trust.That trust was damaged recently though, when EBANK's (now-former) CEO Ricdic, well-known to the game's playerbase,
embezzled the virtual funds he was entrusted with. Although this is permissible by
EVE's developers
CCP Games, selling in-game currency for real-world cash is not. Ricdic has been banned from the game but his actions triggered a run on the virtual bank, and have shaken the faith many players have in EBANK.
Massively spoke about the incident with
LaVista Vista, a former member of the game's
Council of Stellar Management who sits on the Board of Directors of this virtual bank in
EVE; he also provides commentary and analysis of virtual worlds and
EVE on the
Eveconomics blog. LaVista told us about the parallels that can be drawn between a banking crisis in the virtual galaxy of New Eden and that of the real world, and how what happens in a game can impact real lives.