JohnHwangBT wrote:If you go through the bitz thread and my refs, I got a single Positive out of it. So clearly, I must have used this to pump my refs. By a whole +2 net. *After* I had a 100+ rating.
Sorry, man, but I don't think it's fair to be like that to me. I didn't attack you or make claims that you did anything of the sort. I simply asked questions and made statements based on statements you made... and, if that WASN'T directed at me, then I apologize. It seemed to be, considering that it came right after a quote from me.
JohnHwangBT wrote:My primary early strategy was risk management by focusing on smaller trades up to $25 value. The resulting slightly higher rating is a nice bonus. Based on the scams that still occur on Btown, I think that any new trader should do their best to minimize their risk. If I were new, I wouldn't change my basic strategy one bit, aside from perhaps being even *more* conservative due to typically increased scamming in a down economy.
Yours was similar to mine. I had a couple larger trades early on, but I was desperate to get GW merchandise for trading (I was just getting into 40K, so didn't have much), but they were with more established traders.
JohnHwangBT wrote:As for whom, I'd have to check, but giving bitz / models for Feedback was suggested a long time ago by someone far more established than I. By the time that I saw this suggestion, my Feedback was high enough that I wouldn't have to consider using such a strategy.
Honestly, you're the only one I recall saying that this was a recommended ref-building strategy.
JohnHwangBT wrote:I don't trust bitkingdom because we're talking about a potential six-figure scam with zero traceability via PayPal for $1000+ per person to be scammed. I still can't help but wonder if the $1500 limit ties to some kind of Federal / statutory claims threshold.
I can semi-understand your point. Only "semi," because there's MORE than zero traceability. He has a brick & mortar shop where he's been for... Well, I don't remember EXACTLY, but I recall taht the time was measured in YEARS. As for the limit, I don't know. I know it becomes a felony after just a few hundred.
JohnHwangBT wrote:On Btown, a 20-30 rating is pretty meaningless unless you're a total n00b. Now if he's going to give away 50+ bitz or models to get a 100 rating, I'd be pretty impressed. That's like $200 in shipping alone, not counting the bitz / models. That is a *lot* of up-front money to throw away if you're going to run a scam on Btown.
I disagree that 20-30 is meaningless. In fact, I think that 30 is a nicely established history. Obviously, those in OUR rakings are even BETTER... but 30 is nothing to be scoffed at. Look around in the trading sections and look at the number of people with less than 30. With the commonality of "lower rating ships first," someone with a 30 could do a LOT of damage.
As for the up front expenditure of $200... Look again at the_trader. With only a 6, he managed to scam more than $2000 in cash. CASH! So, if his whole deal cost him $200, he'd be looking at a 1000% return. I wish my (LEGAL) investments could do 1/10th of that in ten times the amount of time he put into it.
JohnHwangBT wrote:The_trader scammed with a total of 3 Positive refs from 2 different people for a total rating of +6. And these were legit trades. So, he spent a net of perhaps $10 to pull his scam. Given the demonstrated stupidity / gullibility / foolishness of so many Btowners, I have to wonder why we even bother with ITL ratings at all... A lot of the scammed people have high enough ratings that they should have known better.
I'm not too fond of calling people stupid, myself. Actions are stupid. People rarely are.
Still, though, you do make a good point. WAY too many people got scammed by this guy. If they'd adhered to the "ratings" protocol that many of us do, it wouldn't have happened to this degree. It's that much more support for the "sale=trade" crowd among us. Anyone with, say, a 10 or less, I can understand being scammed (to a degree). Compared to a 6, there isn't a huge difference. Once they hit 12, though (DOUBLE his rating), I'm thinking that the protocol should have come into play.
Something else, though... He made over $2000 on a $10 investment, per your estimations (and 3 trades). Look at what the guy with the $200 investment (above) could have done, presuming all the numbers stayed proportional. One more reason that PIF's shouldn't get ref's, IMO.
Eric
Lower rating? You ship first.
Give me a sense of humor Lord. Give me the grace to see a joke.
To get some humor out of life and pass it on to other folk.
I think what this situation needs is some imagination.
"...I'm a nerd, and I'm here tonight to stand up for the rights of other nerds.” – Gilbert Lowell
Want my help with a BTR or backout? All messages sent/posted should be in CHRONOLOGICAL order. Otherwise, I just won't read it.