If that's the case, such a system would depend on people being honest. In Japan, this provenly work, maybe even in Sweden - but in less honest countries, i really doubt it.
People always said eBay would never work because people aren't honest, but it turns out most people are honest.
or, is it really because eBay is a more complete marketplace now, with better information, in many ways it is more efficient, and arbitrage opportunities are lower, and market pricing prevails more often. But...it almost seems like less efficient markets are more fun to play in.
This may be a stupid comparison, but a microcosm of this might be the experience of the World of Warcraft Auction House vs the Diablo 3 one. In WoW, the market rates differed hugely by server (realm), and were influenced by drop rate, population, and relative maturity of the realm (e.g. mostly low-level or mostly high level). In short, the pricing mechanics were simple, and the supply was constrained and grokkable. It was also only fake money (aside from the gold farming, which wasn't sanctioned).
BUT, in D3, the drop rates were more random, the population on the AH was giant relative to WoW, and people were playing with real money. As a result, the market got efficient quickly, and the the pricing adjusted very quickly such that it was no fun to play. the drop rates were so low for items that of high enough quality that it wasn't worth participating as a buyer or seller unless you were only in it for the money.
That's simply not true.
There is so much more available on eBay now. I do almost all of my shopping on eBay because it presents a consistent user interface, with a quick checkout flow, and good competition between vendors to keep the prices down.
Not to say I do or that the tax man will ever come for me, but the laws are there.
At best, maybe it could be a loss-leading gimmicky feature to drive traffic to less easily gamed traditional ecommerce aspects.
My gut feeling is that large part of business comes from regular customers. I guess the probability to cheat goes significantly down on each subsequent trade.
Canada is 1.x% hispanic, 2.x% black, 78% white.
The US is 20% hispanic, 13% black, 60% white.
Canada is a homogeneous nation.
Latin America's population is ~650 million. Canada intentionally designed its immigration system to be exclusionary to immigration by poorer people. Which is why, during the time in which the US massively boomed with Latin American immigration (1970s forward), Canada did not.
How can there be 650 million people in Latin American, nearly 70 million hispanics in the US, and only ~450,000 hispanics in Canada? A skill & education restricted immigration system that doesn't allow in typically poorer, lower skill, lower education hispanics coming from Latin America. It's extremely anti-diversity.
Possibly there's two layers of miscommunication about "diverse". One, people could consider Scots, Irish, English, French, German, Italian, Polish, Portuguese, Russian, Welsh, Norweigan people to be non-diverse if they fit some social category of whiteness. Even if one of the groups still speaks it's own language and has a seperatist movement.
Second, having big chunks of certain demographics could be considered less diversity than having lots of little chunks from different places.
Taking that into account, the USA is either 70% or 78% white. (And presumably that bumps Canada up to 78.7% or so too.)
So the company buys used goods, but I see no mention of them selling it profitably?
All told, less than 1 in 10 second-hand-goods sellers didn’t deliver as promised. That was good enough for Mitsumoto, who relaunched the service, called Cash, in August as a new way to gather inventory for an online flea market. Total daily purchases are capped at 10 million yen, and are limited to smartphones, luxury handbags, watches, clothing and other specific items from a list of several thousand. Customers take a photo and are given a non-negotiable offer. Prices are set automatically based on data gleaned from other second-hand marketplaces and Cash makes money by reselling the goods.
Granted, it is a bit vague about the reselling.
