Replying to Avatar Jor

Idea of the day:

eBay, but with bitcoin.

A peer-to-peer marketplace where someone posts a picture and description, creates an invoice, and whoever pays it first gets that item shipped.

Main issue would be making sure the seller holds up their end of the deal. To combat this, we could use something similar to BISQ where both sides deposit bitcoin into a wallet until both sides are satisfied.

#ideas #introductions
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sneak 2y ago

how do you prevent buyers who don't mark it as received? how do you prevent sellers who don't have the items?

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Jor 2y ago

Similar to BISQ. Both parties deposit an equal amount of bitcoin into a wallet held within the app. Once both parties sign off on it, the funds are released.

I’m not entirely sure of the dispute process on BISQ but I wouldn’t imagine it’d be that difficult to get started.

Charge every user a flat rate in SATS for using the platform to help fund that type of structure.