Topic: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open - page 142. (Read 339485 times)

My .2 bay

Had high hopes for this one... so far its just been sad.... so much dumping and below ICO price, ICO coins should have addresses where the btc raised can be sent to so that it can be monitored by the community, so they know if the dev is just dumping his 'free' coins or not..

Bitswift and Bytecent did a good job as far as return on ICO coins go... wonder where this one went wrong?

My .2 bay

Had high hopes for this one... so far its just been sad.... so much dumping and below ICO price, ICO coins should have addresses where the btc raised can be sent to so that it can be monitored by the community, so they know if the dev is just dumping his 'free' coins or not..

Bitswift and Bytecent did a good job as far as return on ICO coins go... wonder where this one went wrong?

My .2 bay

Had high hopes for this one... so far its just been sad.... so much dumping and below ICO price, ICO coins should have addresses where the btc raised can be sent to so that it can be monitored by the community, so they know if the dev is just dumping his 'free' coins or not..

Bitswift and Bytecent did a good job as far as return on ICO coins go... wonder where this one went wrong?

My .2 bay

Had high hopes for this one... so far its just been sad.... so much dumping and below ICO price, ICO coins should have addresses where the btc raised can be sent to so that it can be monitored by the community, so they know if the dev is just dumping his 'free' coins or not..

Bitswift and Bytecent did a good job as far as return on ICO coins go... wonder where this one went wrong?

My .2 bay

Had high hopes for this one... so far its just been sad.... so much dumping and below ICO price, ICO coins should have addresses where the btc raised can be sent to so that it can be monitored by the community, so they know if the dev is just dumping his 'free' coins or not..

Bitswift and Bytecent did a good job as far as return on ICO coins go... wonder where this one went wrong?

My .2 bay

I have a idea for dev's why not add a option to double escrow deposits of minting coins while the contract is active for example the buyer as a mint button or check box during the process in the period to set the time contract

if time for transaction is 3 weeks with option to mint during this time to mint
the minting would end before the preset dates of the contracts ends

this will give more reason to use the system and  gain more coins also help with the system by minting BAY coins

its just an idea

Well said. There wasn't any concrete evidence the Internet would be any more that an academic tool in 1992 or any other new technology. It's all in how you use and market it....

I believe the confusion stems from a simple example David provided awhile back.  The idea is simply that in order to make it extremely unlikely for fraud to occur in the case of an unknown buyer, if the seller required a 100% escrow from their side... then it would be virtually inconceivable that they would not commit to accepting their side of the deal.

There are a number of aspects that haven't been dealt with from a practical standpoint... but to his credit - there's already more to show (in Halo) than I can see on the Etherium side, IMO.  On the other hand, there isn't any concrete evidence that smart contracts will ever be used for much beyond simple transactions in rare cases.  On the other hand, it might be as disruptive to the current system of contractual agreements and trade negotiation that smartphones or twitter are to personal communication... which is actually the case is anyone's guess at this point.

I think a lot of you discussing "double escrow" are missing the point. Double does not mean twice the price, it means both sides. From what I see, escrow amounts would be agreed upon not fixed at double the items cost.

Please show where in the FAQ it says double the cost of the item in escrow...

And for buyers either...You have to own 2 times the value of what you buy ?

I agree and vote it gets deleted, what a waste of time scanning that crap.

We are only as strong as our weakest link guys, we are a young community yes this does not mean we are stupid and we do not know how to be nice to eachother?, this means it's going require leaders to work hard and build this community from the ground.

We have a patient lead dev who is as bright as they come, we have a team who i have no reason to disbelieve, we also have a community who will without a doubt need to play a constructive roll in this going and maintaining mainstream,.

Lead dev + Team + Strong Community = A bright future we would be unstoppable. Now take just one of them out of the equation and the calculations start getting angry and do not add up.

My 2 pennies..

Play nice please guys and lets have a thread of ideas and cooperation to get where we are going.

My 2 pennies..

Play nice please guys and lets have a thread of ideas and cooperation to get where we are going.

Wait a second... you do understand that in that case (employee) it would be absurd to require a deposit for the employee?  In that case they are the same as the vendor actually... providing a service.  If they are unknown and providing a service for a very high rate without proof of competency... then a DD escrow contract would make sense... on the other hand if they are asking a reasonable rate and willing to accept my offer (via smart contract I would draft) then I simply agree to pay smaller amounts over time as deadlines are met rather than a single contract for the entire amount upfront.

... Exactly the same as I would do for someone that was physically hired as an employee on-site, with nothing but a resume (i.e. without a reputation I could simply verify with colleagues for example).

Nothing is required on either side of a smart contract... what makes it 'smart' however is that stipulations can be integrated on one or both sides in cases where other means of assuring 'fair play' from both parties is not available.  There's nothing to say you can't sell something with no deposit required at all... also nothing saying that they (or you) can't simply violate that contract with little repercussion (other than a reputation ding)... just like any other online marketplace.

The difference is that decentralization requires a different approach to difficult situations... because there's no running to the police/moderators/government/etc. and crying "foul".