I think, the whole bond issuing system is just too basic:
Credit evaluation code is not efficient
The company who issued the "Venture" notes has $694,415,965,388.87 of cash. seems to be enough for a promising investment in a human's view, but artificial intelligence rates it as level-D, too much credit granted to an obvious scam. Usually qualification is the biggest constraint for the virtual world investors, not the virtual cash itself. I believe the whole credit evaluation process is much too complex for an AI to deal with, otherwise we could all get credit rating from ATM machines and relieve ourselves from the boring bureaucracies which seems to be never-ending.
There is no guarantees for lender
Administration team has clearly disclaimed to guarantee the bonds: "...I am notified that the game Administration is not the guarantor of investments return...", and there is no means for other third parties to do so. And if there was a way, still another dummy company would jump in. But still an improvement. I might have purchased the aforementioned "Venture" bond if Mike1 or Mort100 had signed and stamped them. |