Re: [ANN] RealCoin [A new e-commerce business platform][Release Date: Feb 10]

Also, we do NOT disapprove the creation of other exchanges around RLC. We want a competitive market because it is in the best interest of all.

Come on have you actually spent any time thinking this through.

Central agency will sell unlimited coins ONLY $100 ea.
Central agency will buy any sold coins for ONLY $100 ea.

What "competitive market" could exist?
Who would be stupid enough to pay > $100 when they could simply buy a coin from you for $100.
Likewise who would be stupid enough to sell for <$100 when they could simply sell a coin back to you for $100.

What purpose would external exchanges serve? The same purpose the redundant and useless miners serve?

I'm not seeing much of a use for other exchanges either. Unless, perhaps, a black market exchange that loopholes around laws and sells/buys RLC without asking for identification. But beyond the illegal... why buy/sell from anyone but the central agency?

Exactly. Since RLC is issued by central agency and backed by that agency it functions very similar to a prepaid giftcard.

But wait people buy & sell prepaid giftcards on ebay. Well they do but only because prepaid issuers don't give refunds.

Say you had $100 Best Buy gift card and you could go to Best Buy and get $100 the only reason to sell it on ebay would be if you could get $101+ for it. However Best Buy sells $100 gift cards for $100 so why would a buyer pay more? Only reason a buyer would be looking on ebay would be to pay $99 or less however why would a seller take $99 when the Central Agency will pay $100?