mike wightman
SOC-14 10K
But you have just shown that it is.
1100 years of data about 11,000worlds and TLs from 0 to 15.
1100 years of data about 11,000worlds and TLs from 0 to 15.
MGT Only: What skill would you use to Appraise something?
- Thread starter Spinward Scout
- Start date
Except the the galactaweb isn’t automatically updated instantaneously with data. The data needs to be transported to the destination.
This can lead to significant delays in data (which can be an issue with appraisal (if you buy SpaceGrain at 0.3crimp a lb because galactaweb says it’s worth 1crimp a lb at your destination but when you arrive it’s 0.1crinp cause a grain ship arrived a week ago it’s not great).
Also the delay gives time for malicious actors to destroy or alter data, or to spread multiple conflicting reports on the same network (IMTU part of the broker skill is filtering out the various reports from various data sources to find the most useful or relevant).
Also while the data may be free (for a relative value of free) at the spaceport, the second you’re off the spaceport WiFi you’re at the mercy of the planet’s network which may either be limited, nonexistent or heavily controlled (look at China today) while the lack of infrastructure or local control is surmountable (this post sponsored by SpaceNordGuard) it is an extra step rather than just checking things on an app.
GypsyComet
SOC-14 1K
Galactaweb is a tool of the MoJ.
Probably the library data program too.
Condottiere
SOC-14 5K
One Of The Biggest Gold Scandals Ever: China Company Uses Fake Gold Bars To Get $4.1B Loans
One of China’s largest gold jewellery manufacturers, Wuhan-based and NASDAQ-listed Kingold Jewelry, is being accused of depositing fake gold bars as collateral to obtain loans.
They borrowed from 14 Chinese financial institutions such as China Minsheng Trust, Hengfeng Bank, Dongguan Trust and Bank of Zhangjiakou.
The 83 tonnes of gold were purportedly valued at $2.6 billion. Apparently, many of these bars are gilded copper, according to reports from Beijing.
Two New York law firms have already begun investigations into securities fraud.
The story broke after a Beijing-based website investigated complaints and then published a story that read “The mystery of [US]$2 billion of loans backed by fake gold”.
Kingold is denying it lodged fake bars but when Kingold defaulted on loans to Dongguan Trust, the gold bars pledged as collateral turned out to be gilded copper alloy.
Minsheng Trust’s “gold” bars have also turned out to be copper alloy under the gilded surface.
Much of the money borrowed was reportedly used to invest in China’s housing bubble, some of which obviously went sour.
Kingold bought a company called Tri-Ring that owned blocks of land in Wuhan and Shenzhen with some of the borrowed money.
The story is more complicated than it seems.
Kingold’s controlling shareholder is Jia Zhihong.
He served in the military in Wuhan and Guangzhou. He once managed gold mines for the People’s Liberation Army. People are claiming people like Jia Zhihong can do what they want.
Questions are already being raised as to whether more of China’s “hard assets” of gold simply do not exist.
This is not the first scandal of its kind. In 2016 “gold” bars issued as collateral to 19 lenders in the Shaanxi province also turned out to be adulterated – in that case, the core of the bars consisted of tungsten.
One of China’s largest gold jewellery manufacturers, Wuhan-based and NASDAQ-listed Kingold Jewelry, is being accused of depositing fake gold bars as collateral to obtain loans.
They borrowed from 14 Chinese financial institutions such as China Minsheng Trust, Hengfeng Bank, Dongguan Trust and Bank of Zhangjiakou.
The 83 tonnes of gold were purportedly valued at $2.6 billion. Apparently, many of these bars are gilded copper, according to reports from Beijing.
Two New York law firms have already begun investigations into securities fraud.
The story broke after a Beijing-based website investigated complaints and then published a story that read “The mystery of [US]$2 billion of loans backed by fake gold”.
Kingold is denying it lodged fake bars but when Kingold defaulted on loans to Dongguan Trust, the gold bars pledged as collateral turned out to be gilded copper alloy.
Minsheng Trust’s “gold” bars have also turned out to be copper alloy under the gilded surface.
Much of the money borrowed was reportedly used to invest in China’s housing bubble, some of which obviously went sour.
Kingold bought a company called Tri-Ring that owned blocks of land in Wuhan and Shenzhen with some of the borrowed money.
The story is more complicated than it seems.
Kingold’s controlling shareholder is Jia Zhihong.
He served in the military in Wuhan and Guangzhou. He once managed gold mines for the People’s Liberation Army. People are claiming people like Jia Zhihong can do what they want.
Questions are already being raised as to whether more of China’s “hard assets” of gold simply do not exist.
This is not the first scandal of its kind. In 2016 “gold” bars issued as collateral to 19 lenders in the Shaanxi province also turned out to be adulterated – in that case, the core of the bars consisted of tungsten.
GypsyComet
SOC-14 1K
It's the ability to crowd source your research that is most useful to the MoJ. A simple, even possibly innocent, question about an object can turn into another branch of the ongoing Denuli Gem smuggling ring investigation, or a line on the Ine Givar in Lunion, or Glorious Empire contraband coming through Tobia...
It's funny. The volume is enough that someone might not vet the entire batch to see if it was valid. Copper is a long way off from gold in terms of weight, so that would have been a trivial check. But it's so much, they probably didn't bother. Who wants to weight 80 tons of gold!
Obviously, if you take one of those into a coin shop, or similar place, they'll test it. They'll weigh it, and other things.
Also somewhat related, there was a fellow who was a counterfeiter. And, to, frankly, he was doing little more than printing bills on an ink jet printer. Not super high quality at all.
But a lot of his customers were drug dealers! They'd use the fake money to pay for drugs! Seems dangerous to me, but hey, it's their world.
No doubt true, I was thinking more of watching the Wikipedia type use of library data to get early warning of nefarious intent. A sci-fi example would be the lookup of Mother Hittons Littul Kittons from the short story of the same name.
My recommendation- don’t bet the planetary credit card on getting onto Norstrilia.
Before I moved to Korea I worked for the British Transport Police. We once caught a county-lines runner (basically a kid who travels the network carrying the big amounts of drugs and cash rather than the actual dealers) because he tried to buy a Starbucks with a fake £20 note.
Starbucks pretended to be filling his order while the manager waved us down. Kid had a back pack full of fake 20s and about half a kilo of weed.
The little idiot transported the weed in exchange for the cash on behalf of his dealer. He didn’t check that the people he was giving four kg of weed to were actually paying him in real currency. On top of that he skimmed half a kilo of the weed hoping no one would notice.
We basically had to send the kid to jail for his own protection. Pretty sure he got beaten or shanked in there though.
Peter Newman
SOC-12
"Appraise" implies something has only one value. The worth of a thing is what it will bring. Sell it and find out.
Marcatlas
SOC-12
No, it means to seek an expert opinion of the possible value of an item on the market.
