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Posted By Meraxes09 at 2:20 PM - Sat Oct 29 2016

Looks interesting, I am wondering how far this will develop

Um yes, we have a lot more planned but we are waiting for information on contacts before we can decide.

Posted By Meraxes09 at 12:37 AM - Tue Nov 01 2016

Posted By Energ218 at 4:09 PM - Sun Oct 30 2016

Posted By Meraxes09 at 2:20 PM - Sat Oct 29 2016

Looks interesting, I am wondering how far this will develop

Um yes, we have a lot more planned but we are waiting for information on contacts before we can decide.

So will you offer loans and stuff? Or are u gonna do like insurance or smthing

We are still thinking about it so stay tuned. :)

It's a beautiful project. You have my money !

I will need one branch in my own town.

It's going to be problematic to use the funds stored by players in a medieval setting, so if loans is provided by banks I suggest the bank operates like it did in the Patrician period.

The patrician games probably show this system in its easiest understood form if anyone want a good example. Here loans aren't provided by the banks directly, but act as a place for investors to negotiate or post debt contracts if they are willing to risk any of their capital for the benefits of the accrued interest. Regular bank storage only had fees and no interest back then after all.

The way this would specifically work is: the investor would put down the money along with a contract that describe their terms, such as interests and payment period (i.e. minimum amount paid back per month - in CoE years will probably be used instead). Then the bank post the contract up for potential debtors to browse. The bank will be paid fees according to what it takes to manage such a debt account as the bank will still have to handle the transactions between investor and debtor.

Posted By ShadowTani at 07:56 AM - Fri Nov 04 2016

It's going to be problematic to use the funds stored by players in a medieval setting, so if loans is provided by banks I suggest the bank operates like it did in the Patrician period.

The patrician games probably show this system in its easiest understood form if anyone want a good example. Here loans aren't provided by the banks directly, but act as a place for investors to negotiate or post debt contracts if they are willing to risk any of their capital for the benefits of the accrued interest. Regular bank storage only had fees and no interest back then after all.

The way this would specifically work is: the investor would put down the money along with a contract that describe their terms, such as interests and payment period (i.e. minimum amount paid back per month - in CoE years will probably be used instead). Then the bank post the contract up for potential debtors to browse. The bank will be paid fees according to what it takes to manage such a debt account as the bank will still have to handle the transactions between investor and debtor.

The reason why banking greatly diminished his presence during the last period of the roman empire and the early middle-ages is that the Church considered usury immoral.

It's not the complexity of the loan and interest rate system, which, as you know very well, is one of the basis to our modern capitalistic economy. It drives the economy by boosting trade and investments, thus creating a lot of value.

It's sure that this is a game and may not allow us to do much in that field. We will adapt to the game mechanics and we will think of the best possible system with what we get.

Posted By ShadowTani at 10:56 PM - Thu Nov 03 2016

It's going to be problematic to use the funds stored by players in a medieval setting, so if loans is provided by banks I suggest the bank operates like it did in the Patrician period.

The patrician games probably show this system in its easiest understood form if anyone want a good example. Here loans aren't provided by the banks directly, but act as a place for investors to negotiate or post debt contracts if they are willing to risk any of their capital for the benefits of the accrued interest. Regular bank storage only had fees and no interest back then after all.

The way this would specifically work is: the investor would put down the money along with a contract that describe their terms, such as interests and payment period (i.e. minimum amount paid back per month - in CoE years will probably be used instead). Then the bank post the contract up for potential debtors to browse. The bank will be paid fees according to what it takes to manage such a debt account as the bank will still have to handle the transactions between investor and debtor.

Hello there, Thanks for the question and concerns. In regard to them there are several points,. The main reason why the banking system died down until the templar era (crusader era) was because of the Roman Catholic Church. In medieval Europe, moneylending for profit was considered sinful and and as such no Christian would do it as a profession. In Arkadia the Church does not frown upon this so there are no concerns.

Secondly on the Patrician system, it becomes very messy for the banks to have to manage so many contracts from 3rd parties that it would be easier if we did both lending and depositing. We have the backing of the whole kingdom so there should be no problem there.

Posted By Ederican at 8:52 PM - Thu Nov 03 2016

I will need one branch in my own town.

Ahaha, Will be happy to oblige :)

How is the contract are going to work ? is there any way in the game to do that ? or is it player made ?

Since if a banker leave the game for any reason , or a customer how will you claim the money ?

Hi there, We are waiting on design journals to define the rules, but the general concept is that the contracts will be bound to the king (Raziel). That way it can be redeemed up. Take this example, You player deposit X gold at the bank, we the bank give you a voucher for x gold. You take this voucher and go to a merchant and buy y gear. You give him the voucher; he gives you the gear. The merchant can choose to spend the voucher, or if he needs gold, then he can exchange it at the bank. I hope this answers any questions.