I come from a vast background in virtual currency sales and brokerage. My experience started in 1999 buying and selling everquest platinum via ebay. This was before Paypal days so cash or check was the preferred payment. As Paypal entered the market fraud came with it. So after 14yrs experience and continuing to develop our fraud prevention tools we happily run a fraud rate on Paypal of about 0.01%. Through the years I have seen it all when it comes to virtual goods fraud.
Fraud is something that needs to be addressed and watched. The "bad guys" need to be outed, we had a DB back in the day which included emails, user names, IPs, paypal address, type of scam etc. This was a community driven service and depended on sellers/ buyers to submit the details. From there the details where entered into a nice searchable network which was open to all.
As Mogs.com begins to enter the BTC market we are looking to help ensure a more secure marketplace for all users. With this commitment to a secure environment we are working on developing a similar DB for the BTC market. I would be eager to hear some feedback on this from forum members. Thanks!
This is a good idea but the problem is how it will be implemented. As the post above me mentioned, the issue is that anyone can just change their IP and continue scamming people. We would need a way to identify alt accounts.
