NEVER lose money to scams again - CONCEPT FEEDBACK
- Thread starter Emily
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How does RiftCoin make money?
Fees.
Let's run an example simulation:
Pretend Rift has $0 (to make things simpler)
Person A buys 160 riftcoin for $30 and gets 10 free ($2)
Rift is now -$2
Person A spends 160 riftcoin ($32) on a server logo from Person B
Rift fees 5% on that ($1.60) or 8 coins
Rift is now -$0.40
Person B buys a plugin from Person C for 152 riftcoin ($30.4)
Rift fees 5% on that ($1.50)
Rift is now +$1.12
After a few days, Rift made $1.12 on coins bought by 1 person. 5% fee will probably be lowered to 4% or 3%, however this is still TBD[DOUBLEPOST=1558981769][/DOUBLEPOST]
Please stop trashing my thread, you received a warning from a staff to not talk to me so I kindly ask you to abide by it.
Fees.
Let's run an example simulation:
Pretend Rift has $0 (to make things simpler)
Person A buys 160 riftcoin for $30 and gets 10 free ($2)
Rift is now -$2
Person A spends 160 riftcoin ($32) on a server logo from Person B
Rift fees 5% on that ($1.60) or 8 coins
Rift is now -$0.40
Person B buys a plugin from Person C for 152 riftcoin ($30.4)
Rift fees 5% on that ($1.50)
Rift is now +$1.12
After a few days, Rift made $1.12 on coins bought by 1 person. 5% fee will probably be lowered to 4% or 3%, however this is still TBD[DOUBLEPOST=1558981769][/DOUBLEPOST]
Please stop trashing my thread, you received a warning from a staff to not talk to me so I kindly ask you to abide by it.
Banned forever. Reason: TOS Violation (Privacy Breach) (DOXing)
Its a community post and im posting my opinion you need to learn what trashing is
I got a better one, don't deal and you wont get scammed :tup:
https://discord.gg/JyC5767seems good, inv me to the Discord server(s) if you can
This is where you will get updates the fastest
Banned forever. Reason: TOS Violation (Privacy Breach) (DOXing)
Apologies to go back on this, I agree. I think it's safe to say when given the right amount of power to the right person, even they at some points may be tempted to abuse it. At this 'currency's' current state, I feel it has a great amount of flaws conversion, transfer, and security wise. What if a staff members account got comprimised and you wern't alerted on time, and that staff member proceeds to grant user(s) an exponential amount of this 'crypto currency?' How are you able to verify the legitimate amount of coins that each user has, and what coins are a fraud?
Example scenario;
A staff member gave x user x coins before logging off, then his or her's account get's comprimised and they add tons of coins to x users account, how are you able to validate the legitimate coins from the fraud? Are you going to go off the staff members word? What if he/she forgets the exact amount they gave that user?
I love your enthusiasm, I think you're onto something, you just need the right idea, security, and investors to put everything in motion. Stay sharp, keep doing what you do, and maybe you'll find that idea that puts the cherry on the cake. Good luck
Looks more like a plan of a stable currency no point in investing (Confirmed it's gonna be stable)
Here are flaw's
- Your rep
- Its hosted on discord that can be deleted what so ever
- It's centralized so our money is in trust with someone who is new to the market
- As you said it can be give/taken at any moment so if you get mad you can just take it from someone
- You can give yourself as much as you want and get anything for free in a sense
Apologies to go back on this, I agree. I think it's safe to say when given the right amount of power to the right person, even they at some points may be tempted to abuse it. At this 'currency's' current state, I feel it has a great amount of flaws conversion, transfer, and security wise. What if a staff members account got comprimised and you wern't alerted on time, and that staff member proceeds to grant user(s) an exponential amount of this 'crypto currency?' How are you able to verify the legitimate amount of coins that each user has, and what coins are a fraud?
Example scenario;
A staff member gave x user x coins before logging off, then his or her's account get's comprimised and they add tons of coins to x users account, how are you able to validate the legitimate coins from the fraud? Are you going to go off the staff members word? What if he/she forgets the exact amount they gave that user?
I love your enthusiasm, I think you're onto something, you just need the right idea, security, and investors to put everything in motion. Stay sharp, keep doing what you do, and maybe you'll find that idea that puts the cherry on the cake. Good luck
There would be logs of it in a private logs server that only I have access to
Banned forever. Reason: TOS Violation (Privacy Breach) (DOXing)
You aren’t giving away money.
I’ll pay you $5 and $100 Ninja coin.
How much do you own? $5.
It’s only worth something when it’s insured, cashable and secured.
It is all of those - you can cash it out lol[DOUBLEPOST=1559050622][/DOUBLEPOST]ty for the positive reactions
some people seem to like this and some don't but I'm going to test it for a week or two to see how it goes
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Banned forever. Reason: TOS Violation (Privacy Breach) (DOXing)
Violet coin is worth more.
You honestly need to make an actual plan of how all of this will work, and how it'll be secure, otherwise it'll just end up looking bad. You seem to be throwing all of these random ideas that may end up being in it out onto this thread, and it makes it seem like the whole thing's a mess.
How do you plan to make RiftCoin secure? As far as I can see, you’ll be in control of the currency.
If I buy 100 RiftCoin, your server will have my balance. Your server will have my transaction logs. What if someone gains unauthorized access? I assume you don’t have the funding to maintain banking-level security over users’ balances.
Or, the simple fact that this currency is entirely operated by you? This is a solution to “stop scamming” except for the fact that you can leave at anytime and everyone who bought your currency is now at a loss.
If I buy 100 RiftCoin, your server will have my balance. Your server will have my transaction logs. What if someone gains unauthorized access? I assume you don’t have the funding to maintain banking-level security over users’ balances.
Or, the simple fact that this currency is entirely operated by you? This is a solution to “stop scamming” except for the fact that you can leave at anytime and everyone who bought your currency is now at a loss.
That's because this isn't secure in the slightest and according to her former partner or associate on the project she's not stable either.
I’m well aware that this project is highly unstable, just pointing out the flaws in a feedback format
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