What features are you interested to see on Vootmarket ?
I would love to see TOR being implemented in the market, escrow is a must, ability to build your own shop with products as you see on those black markets will be nice, if you would add more coins to pay with than just voot - it would be absolutely amazing and would get adopted really fast both by the honest sales people and the criminals.
check at what vericoin did with their adoption to bitcoin merchants (wherever btc is accepted, you can now pay with vericoin as well) voot should have that and much more!
I have seen Veribit but i think it's not automated. Having an exchange connected to the POS will make it easier for conversion i think
It is not automated at the moment,, true, but it is possible to automate if used verification from blockchain. I saw some new alt with 100% premine using some sort of form for the IPO, which verifies if btc was sent to the address then checks the amounts, and sends the altcoin to the provided address.
Its susceptible to exploits i think, but could be secured as well, i think that altcoin was ALT industries or something like that, really weak support on it so far and i hope it stays that way
100% premine... this world is going crazy ;]]]
It should be safe, I just have to get exchange done which is easy. Vootpay account will be connected to the exchange (Voot DEX ). If you want to pay with Voot at a restaurant that accepts only BTC ( the system places order at the exchange for BTC which withdraws it to the merchant btc address ) maybe 3-5mins ??
kinda confusing
3-5 minutes is too long in a restaurant. People hate waiting and the new digital moneyz should bring joy and ease to life of regular Joes. A cc transaction is faster than that, so voot should aim to compete with that. would need to be 1-2 minutes at most.
as for an exchange, I don't think you can rely on the API of just one exchange, since this can be influenced tremendously by a pump and dump (you will have these constantly until the voot distribution is evened out through the users, because now you have whales holding bags and other wanting a piece of the action before the price rises) I suggest maintaining an average rate of voot from 3-5 exchange sites to secure the average rate and eliminate the volatility caused by day traders.
There are many ways to approach this, but you really need good developers.
What happend with the original team that was supposed to deliver VootMarket? I am a bit discouraged now
