Haha,

Thanks for pointing out and making the LY trading rules clearer for me.

Refering to this page,
http://forum.lowyat.net/index.php?act=faq&article=38

The first point about enforceability it entirely true.There are no/insufficient dedicated staffs for it to work but we could still see some suggestions to counter the drawbacks that are found in point 2 and 3 instead.

Quotes from the pages:
Well if a trader wants to do business in here why can't he sacrifice some privacy so that other people may trust him further?The staffs of LY.net do not need to disclose the information directly to the person claims that he/she is a victim of a con act.They can do it with the request from relevent authorities(i.e: police) after a report has been made only when it is really necessary.

About the second limb, don't tell me that there's no trust between the staffs and administrators here.If there are so many organisations such as financial institutions and corporate companies that are able do it why not Lowyat.net?This only applies to those who wish to trade, the other can keep out.

That's where proper verification comes in.Anyone could just fax in a fraud/altered copy of IC, but why not meet up with the person who is producing the documents and have him show you the real IC as proof?It can be troublesome but why not?Trading will be real safe that way.Only then that you shall issue a safe trader tag to the selller.For added convenience, you can have staffs in almost every main city/town in the country for this.I know it requires quite a number of staffs/agents but it will surely make trading really secure.

Anyway it's just my suggestion.I'm also open to critics and additional commments so please don't discourage people like me who are willing to spend some time in writing suggestions/solutions here.When I mentioned that it was easy many have mistakenly took it that I was some arrogant newbie which thought that things can be accomplished very easily.You have mistaken.Sorry of the lack of elaboration there but I was just trying to say that people should only buy from safe tradersthat have been awarded the tag.

This post has been edited by tirumisu: Aug 2 2006, 01:18 AM

Glad to know that you are taking this in the right spirit.

However, your comment that we should only buy from Safe Traders is a chicken and egg situation.

A Safe Trader status is only given to those who have built up a reputation as a good, reliable and trusted trader in this forum. If nobody buys from anybody without a Safe Trader tag, then how can one get a Safe Trader tag in the first place?

If its too good to be true... (you know the rest )
If I manage to get a bulk of LCD for RM500 each and market price is RM1k each,
will I sell it for RM600?? Probably not, I will sell it for at least RM850. I will profit
more because of my ability to get cheap goods and not try sell them cheap
because I get them cheap.

my 2 cents

anyway thanx lyn ppl... good idea to share...forsure to implement what we're said is not an easy ways...but as long there is somebody concern about this...we can make it improve...although this is not pure trading website...atleast lyn moderators have it security sistem to with that...so who wanna start first ...and how we wanna do it...what we wanna do....how many cost it gonna be...so..plan it first then we suggest it to moderators....i will 100% SUPPORT it..although i'm newbie here but i'm not a kid......

This post has been edited by mohd azhar: Aug 2 2006, 12:38 PM

Lowyat.NET is by no means a financial institution. We don't even have an actual office (Its just a bunch of servers in a data center). So, if we do take items to be kept in confidence, it will most probably end up in someone's desk drawer.

Plus, the person holding this information would have to shoulder a LOT of responsibility and trust. He'd have to meet EVERY trader out there and he'd also have to ensure that all items in his possession are safe.

Staffs in every town? Let me reiterate the fact that Staff members and Moderators are ALL volunteers. We can't expect these ppl to go out and collect information. Besides, based on the number of ppl who trade here, that's very impractical (It would have to be a full time job). We can't afford to pay ppl to do this either (The ad revenue is barely enough to fund this site as it is)

We're fine with ppl giving suggestions... Its just that, please give suggestions that are feasible. We get plenty of suggestions that are supposed to reduce fraud and con cases, but at the end of the day, if no one can enforce it, what's the point?

Giving suggestions is easy... Getting someone to actually put into action is another. Will you do it?

We get plenty of suggestions to improve the safety and security of the Trade Zone and we weigh each one carefully to determine if its feasible and practical. And what you've suggested here isn't exactly new.

This post has been edited by H@H@: Aug 2 2006, 05:46 PM

I would like to add to what H@H@ has said about us not being a financial corporation. Heck, our Staffs and Mods come and go all the time, new ones come in, old ones retire or resign. The number of people who would be privy to such information would be way too large. We don't hold our staffs to any confidentiality agreement of any sort (and we probably can't even if we wanted to).

And secondly, we barely have enough time to moderate this site and carry out priority tasks as it is. Lowyat.NET is not all about Trade Zone.

Lastly, I don't really think we have that many cons here to warrant such a drastic measure. There are only 7 pages of threads in the Resolution Corner, most of which consist of FFK or some minor misunderstanding which has been worked out amicably. Quite honestly, this whole 'prevent con' issue has been blown out of proportion and a lot of suggestions here require too much time and effort and cost for a problem that doesn't deserve that much time and effort.