I don't think that keeping vendors out of the elite section would be a sufficient deterrent for the activities you would be attempting to prevent. The bad people would still do bad things, but good people would be removed from the elite conversations.
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I love this democracy and free for all. Some get away with the biggest crimes.
According to the Sharia Law, you must cut the left hand of the thief the first time he steals and the right hand for the second time, and so on. Nothing is more severe than adultery (equivalent to stealing indicators), they chop the head off.
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As an elite member i have to say something,I spent lots and lots of $$$ buying Indicators from Vendors and
after i become an Elite members i found out that whatever i bought from those "Vendors"were in futures.io (formerly BMT) for $50
(for a life time).As much as its made me mad and upset,i am happy that i found GOOD members and Vendors
Like @Fat Tails,However,any Vendor can pay $50 and become an Elite member,copy the indicators and sell them,
If he will be caught,he will ask his friend,wife,brother to become an Elite member and he will do it all over again!
I don't think there is any way to stop it
I just hope that more traders will know about futures.io (formerly BMT),sign up and enjoy the benefits for their own good and not
be fool like i was
I think this is the way to go. For reasons that others have explained, preventing vendors from becoming elite members doesn't really work on a practical level. But maintaining a Black List might deter any potential criminal vendor from stealing as it could threaten them with a loss of credibility to a large potential user base and hurt their business.
While any user could point to a potential offender for others to review, Mike would have to be the final arbiter of whether a vendor makes the Black List or not.
Seems the only thing gained by any effort to police the theft of elite work would keep the honest...honest but do nothing to deter the dishonest.
You can't legislate behavior.
Rules do very little to influence the people who care about the difference between right and wrong.
Rules do very little to influence the people who DO NOT care about the difference between right and wrong.
Just a few of my random thoughts that probably mean very little...
I say let them join and police them after they screw up.