Well, some might screw you over, but some will pay very good dividends.
I’ve been on the selling side and we make 5-7% profit/person for each transaction.
I could screw the sender and get like 1000USD. However, Im making more in a long run, so why would I?
There are liars and cheaters in every communities. You just need to decide yourself.
For the partnership, I dont think any senders would want to find a new guy to help him sell coz you’ll have to go over the risk/trust process all over again for maybe 1-2% extra profit.
As for reciever(seller), getting new/more partners would means more $$.
I,myself, would love having more partners to send me to sell. But good partners are hard to find.
ps. Ive been working with hodlsquat and it’s been very successful so far.
if you want proof of successful tx, feel free to ask ^_^
Nubby Nub is one of the guys I`m currently working with. We met through a mutual telegram group. He is genarally a very nice guy
and was always 100% on point. We talk on a daily basis and grow trust every day. Game theory implicates that humans tend to be cooperative if there is mutual benefits to be gained.
https://en.wikipedia.org/wiki/Evolutionary_game_theoryhttps://en.wikipedia.org/wiki/Prisoner's_dilemmaOf course as a sender you have also a responsibility of not leading your partner in temptation.
Lots of people are honest as long as you don`t break certain limits. What these limits are is totally depending on the financial situation of someone. Mostly people who are intrested in doing this are not rich by any means. It is real work to make this work.
@Pursuer: Thx for joining the thread. I feel honoured a legendary member is joining the discussion. You are totally right. No one will just give "their guy" away. If you have such a guy and are in the comfortable position of exchanging large sums with him comfortably then you only have something to loose. I have to insist on the vouches not being legit. Like you said (I also stated it previously) most people joining this thread who I have worked personally with or will be reffered by someone else will be newbie accounts. But lets say you or someone decides to take my voucher for "Nubby Nub" as legit and starts to arbitrage with him. He then can come to the thread later and confirm if everything went as supposed to. So if a legendary member like you decide to give this a shot your reputation will mean a lot if you vouche for someone.
All "Nubby Nub" or someone else could do is rip off once. But he can build lifelong trading relationships if he keeps it real. My thinking behind this is: Give someone 100k and he has a high incentive to stiff you as it is a big amount of money for most people. Send 50 people which have been vouched for 2k and they have a high incentive to send back as they would like to repeat the process and 2k is not a big sum for most people given that you loose your source of income after scamming once. I`m not saying this business involves no risk. But I played Poker long enough to spot a +EV situation when it presents itself.
The biggest obstacle is the relationship and trust building and thats what we can accomplish here. Also like in Crypto in general
I like the open source approach in this case. Together as a community we are much stronger then alone. It would take literally hundreds of millions to wipe out all existing premiums. I`m sure there is enough bread for everyone around here.
@SrEasts
Glad you joining the thread Sir. You are of course right. Someone can create many accounts and vouche for himself. But it will take only 1-2 scam accusations to get his rep ruined and his business killed. So I think it is a high percentage chance that scam accusations are legit. Of course someone could create accounts and try to ruin the rep of someone. Will have to think about a counter strategy for this. If you have any ideas let me know. It is also possible we choose someone reputable from this thread as an escrow for example. Everything we can think off is possible. For now I`m glad people joining the discussion.
Some genaral thoughts:
This is all based on trust. This is not for everyone. Maybe 1 of 1000 people is settled enough as a personality to do this properly.
We need to be transparent at any time with. My suggestion is we give each other a 5% cut of each sucessful transaction made due to this thread. Same should go for the sellers. I trust "Nubby Nub" enough that he will gladly pay me this 5% if he grows his customer base through this. I recommend "Nubby Nub" to everyone to do this. He sent me back up to 2k Eur without any problems. He needs an Invoice to send out money from his country but the rest works like a charm. He provided me with a copy of his ID without me asking.
If you make business with him please post in this thread and send me 5% of the profit you make trading with him.
If you choose not to I will out you in the thread as "Nubby Nub" will tell me with who he got in contact. And even if you choose not to pay up and he chooses not to tell there are potential benefits for me. If "Nubby Nub" gathers liquidity he might be confident in alternating who sends first or can start to send first himself. Also I belive in the universal law that when you bring good things to people they will bring back much more then you put in. Thx anyone for the contribution to the thread this far. Keep em coming.
PS: I have a private Server with a privat chat. If we get this thing going I will invite everyone proven legit in this thread to the chat which is password guarded. So we can establish a secure room for communication. If you have any suggestions or proposals regarding this just let me know.
