Blackhalo would need that initial kernel to get the snowball growing. Maybe full trades (fiat for goods) may be setting the bar too high for most people. A slightly lower type of usage is lending, the sharing economy. Like those apps that let people put all kind of equipment up for sharing. The flaw in those systems is that it's completely reputation based. You have no idea in what kind of state you'll see your equipment back.
Blackhalo is the perfect escrow for that. Both people put their BLK in the escrow, there's no transaction, but the smart contract sits there until someone lended their stuff, the other brought it back in a satisfactory state and both people are happy. Though it'd be advisory for the person who uses the equipment to put in a higher (2x) escrow than the lender due to the asymmetrical nature of the trade.
I tried to explain escrow transactions to a friend of mine, and only once I brought up this lending example it 'clicked' for him.
The option to burn BLK for a new coin is great for BLK. It really raises the value of Blackcoin. Value comes in but it doesn't go back out again.
I've never heard that use case before that's a pretty great idea! The escrow is only needed for the trust aspect. Kind of similar to Barter I guess. I finished
all of those templates including Python contracts where users can program their own. However, I'm waiting to see if more people use the basic features
before activating them in the code. For now users should at least experiment with custom contracts and P2P cash deals.
Regardless, the market is still gambling too much now. It's going to take time for the masses to continue to migrate to actual usable software. We are
doing a web implementation at Bitbay eventually I think and of course the peg is almost done and at some point I would be interested in doing "Atomic double deposit" so users can mix deposits from various currencies. It was a newer concept of mine. In order to do that though I need to see more users. And still, Halo is the original brand and deserves much better. Never did I think I would find Namecoin, Peercoin, Blackcoin and so many of the "original" coins on page 3 or 4 behind a bunch of sleazy projects.
We deserve better.
