[DENIED]SytheCoins

Ok, not really wrote anything up, as it's just an idea in my head but I think it would be a great idea so here it goes.

What is it?

SytheCoins would be a form of virtual currency in order to buy/sell and do everything else on Sythe.

Why do we need this?

SytheCoins would be moderated, and therefore if you paid via SytheCoins or sold for it, you'd be protected from scams. You'd only be paid out if confirmed from the buyer, if they don't confirm , you upload proof and a moderator can look into it case by case so no money is changing hands unless both parties are happy.

It also helps with the instability of Bitcoin, Eth and will stop chargeback on PayPal and fraud.

How will it work?

You pay a system for X amount of SytheCoins and use them coins to buy a service. The recipient can then cash the SytheCoins out or use for market trading themselves.

There's a lot of ways we can implement this, whether it be a market, moderator system or something else, just an idea to combat scams and help out sythe.

There will be limited coins to keep it's value, or perhaps inflate it?

I'll think of ways we could implement this to the best way but what do you guys think of a system similar to this?

 

We cannot take deposits from users for legal reasons according to Richard.


This has been suggestes many times and denied many times.

 

So perhaps not deposits as such but trade a service or gold for coins and use them to trade on here? So no real life cash is involved?

 

This is a forum for free trade, not playerauctions. Don't see how this would "prevent scams"

 

/thread

Thanks for your suggestion nonetheless kind sir