It really is intresting what they do and i will follow this closely but it´s all about trusting the "buyer" & "seller" in my eyes.
In some countries you cannot even trust the exchanges over there.
Just a example,
Deposit & withdraw
A: real money,How can i be shure i dont get fake money from a unknown person. Need to check every bill with a UV light or something.
(Also the other way around, If i want to deposit 200$ and do this by a teller. He needs to be shure i dont give him fake money.)
b:Not gonna rob me,He can get me to a place where everything is a setup and me as a tourist dont know anything about that place.
(Offcourse this is also the other way around..I can rob that guy because i know he haves some cash money.)
For me,, Money and a unknown person. Just so hard to trust.
Yeah, I don't know, but my first, very superficial, read brings me to a similar conclusion: it's something like eBay, using a reputation system, but what's to keep someone from building up a good reputation and then making off with a good stash one fine day?
Nevertheless, they are getting rave reviews, and that's usually not for nothing. I think we've got to look at this closely. There might be something there we can use.
Exactly, A fake reputation with fake ID is easy to make. Form a group with 20 people and you control that area. Give eachother a good reputation and you are ready to go.
The idea really is great but the trust level in this needs to be so high. With no central bank or something similar its just to easy to rip off a good trusting tourist.
(No saying it's not happening now
)
ADDEDBut if you can get stores accepting this thats something diffrent.
Let's say, I accept this in my store.
Offcourse i already have something to check fake money and the trust level in a store on both sides are already some steps higher then some random guy on the street.I dont want to rip people off in my store for a few bucks and get a bad reputation.
So what about this,
A person comes to my store, He can withdraw money for Digibytes,He already is in my store so the possibility that he buys something is also very high. +/+ situation for both.
I create a litepaid invoice link with the ammount he wants to get in cash.(If i want euro's for the Digibytes,Or else just use Digiticker.info and calculate how much Digibytes he needs to pay for the ammount cash he wants) Did the customer buy something i will not count any fees.
Litepaid deposits my money on my bank account and the customer gets his cash money right after the payment is done in my store.
I dont have to pay fee to deposit my cash on the bank (6 euro for each deposit
) and the customer walks away with a trusted feeling not being ripped off.
Did we just create a exchange office for Digibyte?
