What would stop this from happening?

On Agora, you need a reference link to join. The person whose link you used gets a small percentage of every amount of bitcoins you spend then.

Let's say I buy a vendor account for .6 BTC. Then, with another account, I copy my reference link and make a new account using it.

On my vendor account, I put up a non-real listing for say .5 bitcoins. With the account I just made before, I buy that multiple times. Then the account that I used the reference link for gets a percentage, my vendor account gets the .5 I spend, and I don't lose any money.

What stops me from being able to just keep pocketing bitcoins like this?


Comments


[2 Points] imaballerbaby:

That would only make sense if agora was taking a commission and giving you a percentage if that commission so you would still lose money


[1 Points] el_policia:

Reference commission?

Can anyone confirm?


[1 Points] RosyPalm:

You still need to have the actual BTC's to spend.

You're just taking one pile and turning it into three piles.

.5 BTC becomes .4 for your vendor, .05 for your buyer, and .05 for the market

Just pulled the numbers out of my ass, but you should see how your not getting free money, your just slowly siphoning it off to the marketplace.


[0 Points] sobulbous:

You do know Agora takes a cut from vendor as commission right? Obviously that cut is more than the referral commission. They wouldn't be in business this long otherwise.

On another note, the referral money is a horrible thing for buyers. It links accounts to each other and if by any chance the market gets seized, LE has a valid reason to go after buyers for being part of criminal enterprise. Not saying they would, but it would definitely make a statement.