[DENIED]Update Market Rules

resolved

Describe the problem: Currently, there exists a loophole that allows users to falsely claim ownership of any amount of gold for sale, leading to a significant risk of fraudulent activities. Consequently, this unfair advantage places honest users at a disadvantage. To address this issue, it is recommended to introduce a rule that prohibits users from making false claims about their available stock of gold.

What current rule(s) tackle this problem: Existing rules do not specifically address this problem, thereby necessitating the implementation of a new rule to prevent market manipulation, false advertising, and shady trading practices. By disallowing users from misrepresenting their stock levels, the proposed rule aims to establish a fairer trading environment while also mitigating the potential for scams.

Explain the change: The proposed change will effectively address the issue by ensuring that users cannot make inflated claims about their gold stock, such as asserting possession of excessively large quantities. This safeguard will protect potential buyers from falling victim to fraudulent transactions where they may pay substantial amounts for non-existent gold, as demonstrated by the referenced report, where a payment of over $60,000 USD could be spent on gold that is not actually available.

Explain why this change will fix the problem: It is important to note that the proposed change will require users to accurately reflect the actual quantity of gold they possess or are capable of delivering within a reasonable timeframe. This measure promotes transparency and honesty in the marketplace.

Side-effects: As far as known, no significant side-effects are expected to arise from this rule change. However, it is anticipated that the enforcement of this rule will encourage users to engage in more truthful practices and foster an environment where trust and reliability are prioritized.

 

Are you going to go into any more detail and what should be changed?
You should use the template.
READ THIS FIRST! Suggestion Section Rules

 

@Yoshiki I edited my first post to reflect your requests. Thank you

 

I know what the thread is regarding, and it's the same with the DNT issue I pointed out. We have people like @Chicks still advertising on their profiles, @Gladiator too along side many others giving it another loophole.

Shouldn't be one rule for one and another for the next, support.

 

I know what the thread is regarding, and it's the same with the DNT issue I pointed out. We have people like @Chicks still advertising on their profiles, @Gladiator too along side many others giving it another loophole.

Shouldn't be one rule for one and another for the next, support.

Thankfully they actually just removed chicks advertising posts after I pointed it out just now and reported it again. (was denied yday?)

 

Thankfully they actually just removed chicks advertising posts after I pointed it out just now and reported it again. (was denied yday?)

I pointed it out yesterday, multiple times in fact and it was just shrugged off...


Remove clear advertisements on dnt users etc

I am due to make another suggestion thread, but the same would apply for @Chicks and @Gladiator as that's essentially dnt trading too

 

Thanks for the suggestion, but in any case if someone lies about having 'x' amount of gold then it would be covered under false advertising. If someone is utilizing a third party, or whatnot, the customer should still be notified. Such as, if I was selling gold, but waited until you sent me the funds and I reached out to a third party to deliver it, I would have to tell you this. Lastly, it would be pretty hard to prove how much stock a seller actually has, the staff team isn't going to fact check gold sellers on a normal basis until its an extreme case.