I have a question for when the Safe Exchange itself, is finally up and usable. How will you make sure that buyers and sellers are protected? Will there be some kind of rating system like on the 5 Miles app, where a buyer can rate a seller, and where a seller can rate a buyer? How will both parties be protected against bad buyers/sellers?
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You use Safex coins to get yourself a âlicensedâ account which is able to list a product just like any other user can but this allows you to build your rep. You then build your rep by being a legit source of service yourself. So this being said, though not specified how, there would be some sort of rating system. Do note that you may get your Safex back if your rep goes bad. IMO i donât think you should get rewarded with your Safex back if youâre stealing.
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So to be clear, you can buy a âLicensedâ account, which is looked upon more favorably than just a regular sellers account. Is that right? Will buyers/sellers be able to read reviews, or at least see a star rating with the usernames of people that bought/sold from someone? How will I be able to tell, if someone is a good buyer/seller? What resource will I be able to consult to figure out if I want to do business with someone? How will someone that is stealing, be avoided?
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Itâs not instantly labeled as a trusted seller. I believe for you as the owner of the account have to build your rep via being legit and this rep can only be achieved/recorded on a profile that has been funded with the Safex fee. Otherwise you will be by default an anonymous buyer or seller. It hasnât been stated yet whether or not there is a purpose to license an account if you are just a buyer as the blockchain possibly favors the seller over the buyer. Eg. the transaction will proceed once the buyers funds have been processed by the chain.
I canât recall if the chain will have private messaging. Though it will be 100% up to you to make the call on whether or not to buy a product from a non reputable specific seller or reputable.
Ill add that the fee to be able to give your account/store/community/ect/ect the ability to gain rep and have a face is not substantial.
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Ok I think Iâm starting to understand it now. Sellers will have the option to set up something like a store, where theyâll be able to receive ratings from buyers. But a seller wonât have to do this, if they donât want to. Correct?
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Yeah mate. So there wouldnât be much point if you were going to sell something once. If you were going to sell occasionally it would be recommended because as you know more rep = more traffic.
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