I’m back on nostr
How did I get 35 followers lol
Controversial take:
The Best Bitcoin Layer 2 Already Exists: Visa and Mastercard.
I wrote an article explaining why 👇
Escrow: the most boring yet important hidden pillar of finance that you use everyday - And it’s going to change Bitcoin forever.
Why is it important?
Why does #Bitcoin need it?
A thread 🧵
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What is escrow?
It’s a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a transaction.
It’s absolutely vital for trust and security in every financial transaction.
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Why is escrow important in finance?
It’s used everywhere – from buying a house, to online shopping.
It ensures that money changes hands only when all terms of an agreement are met.
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Credit cards and marketplaces like eBay and Amazon use escrow mechanisms to protect buyers and sellers.
It’s a layer of security that’s become a standard in online transactions. Filed a dispute? Get a refund? That’s escrow in action.
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However, traditional escrow hasn’t seen much innovation since the 90s. It’s often slow, expensive, and centralized.
This is where BitEscrow steps in.
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Bitcoin’s irreversible transactions pose a risk - it may be a feature, but that’s all about to change.
Imagine a reversible Bitcoin transaction with escrow… This will be a game-changer - adding a layer of security to #bitcoin transactions.
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Decentralization is key with BitEscrow. Anyone can become an agent, breaking the monopoly of traditional escrow services.
This democratizes the process and enhances trust.
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BitEscrow is building an API for developers - to build anything on top of it.
Want to make a #bitcoin airbnb? A game aaset marketplace? A credit card?
That’s all now possible, making it easier than ever.
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We’re also building an app for grandma to use. Super fast, super sexy, and stupid easy.
Make a contract, file disputes, and settle contracts faster than any escrow service in the world.
No paperwork needed, no banks involved. No fiat bullshit.
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Want to learn more?
Join our discord to stay updated!
Staying in and coding today
Max comfy
Hello world. This is my first nostr post!