Omm's need to have a trust fund

http://www.sythe.org/showthread.php?t=1450702


An Official Middleman scams 1.2bil....


I personally think this is messed up....

Well OMM's could always scam but why is there no refund?

There is no trust fund.



My idea; To be able to have the Official Middlemen (or Women) Pay a certian amount of money to Sythe himself or to Matthew. Such as the entire team pays idk. 1billion each or $500 and IF THEY SCAM then Sythe/Matthew refunds them what they were scammed..

But only with that, I believe that the Middlemen should be able charge some prices per trade or something. But something can be like I don't know this is just an idea...

And I feel really bad for JoeRogan....

 

Require 500 dollars for OMM titles and suddenly our number of OMMs drop to 2 maybe 3. More likely 0. No support.

 

0 support.

Stop posting OP.

 

Even then, they could just scam above $500 and they still wouldn't get the full amount back. Either way, how many OMMs do you think can afford $500 to give to Matthew/Richard as a bond?

It's nice to see someone coming up with an idea to combat OMMs scamming, but this one just wouldn't work I'm afraid. No support.

 

Problem with this is if said OMM scams 3 people $500 each and there is $500 in his trust fund who gets the money and say it is split between the 3 but a 4th person comes out of nowhere after payments were disbursed who would be responsible for the 4th and possible 5th if they jump out, and assume later an account is recovered worth $200 sold by the OMM the account owner would be entitled to compensation but there would be none left. This has been the main problem with any sort of insurance brought up before because it would eventually fall on to Sythe/ Matthew if funds were disbursed too early.

 

So it's fair that the OFFICIAL middlemen can just scam someone and there is no refund or reimbursement? I understand a regular player, but a OMM is meant to be trusted for that specific reason.

 

I see where you are coming from feeling bad for him, but I really don't see this happening due to the reason stated above.

 

I agree with OP this should be initiated only if they charge $$$ for their service, if they are free then no.

 

I think its safe to say, than anyone can be scammed at anytime on this site. Hackers are part of everyday life, sadly.

Im sorry Joe, but theres really no solution to this at all. It has happened, and sadly will continue to happen.

 

I just am thinking how to make it 100% safe to use an OMM..

 

It is true that anyone could be scammed, so what we are trying to do here is lower the risk of that and by putting a bond of $500 it is a detterent to OMM's scamming which has very unfortunately happened in Joe's occasion.

 

And what if someone gets scammed for over $5k-10k, who will pay the extra money?

Really there is no solution to this unless you make some sort of max trade or max "coverage"

 

Yeah good point A :/

Well, I just feel bad for the person who was scammed.

 

Compensation should ONLY be given if the OMM has scammed, the OMM does not take responsibility for anything that happens after the trade. And the funds should only be disbursed on ONLY 2 occasions. 1. The OMM has scammed either party or 2. The OMM has decided not to be a OMM anymore.

Personally I think this would work well and discourage scamming. This should only be done for OMM's who charge a fee. I also think that major trades 1b+ should be broken down into smaller trades so that the user can be reimbursed if they are scammed.

 

To prevent this there should be a cap of 500m a trade, so if the OMM decides to scam the user would still be able to be reimbursed. This may be time consuming however it is very efficient at prevent scamming.

If a user wishes to trade 10k+ with another user, they can still do so but in smaller increments of course.

 

Cheesecake I agree but, the funds thing may be stupid and idk..

Im confused on what to think now

 

It wouldn't really be a fund. It would be more of a bond. Also if they decide to scam the bond will not be returned to them and the cap for the trade should always be smaller or the equivalent of the bond so that the user can be easily reimbursed if they have sufficient proof that they were scammed of course. And as I have already stated before, if the trade is LARGER than the cap, of course the trade will be done in increments.

 

Uh oh... N4n0 is viewing....

But I just don't want the Omm's to be scamming

 

I don't think you understand what I said, my point is assume more than one person is scammed for more than the amount of their deposit and assume another scam pops up at a later time, in the end it would fall on Matthew/ Sythe to make the decision of who gets how much and how people who were scammed later after disbursement are handled. It still wouldn't discourage scamming because although there is a $500 buy in there is still a lot more that can be scammed as an OMM than $500 which would lead to problems on Sythe's/ Matthew's side.

 

yeah :/ Well Punjabi, seeing a member scammed by an OMM makes the community lose trust in the Omm's