Topic: Coin that motivate sellers (Read 241 times)

I will post more information soon as possible hopefully, it will answer the most of your questions.

I thinking this is great idea as well, I also intersteing how you going to do mass adoption?

a lot of things changed since 2013, so I combine my solution from 2013 to fit the crypto world needs in 2018.
aiming give the buyer the upper hand when making deals online and offline against scammer seller, and protect against scammer buyers.
own blockchain.
and will be more than glad to give more  detailed information after I finish my research and writing.

The idea is quite well, and what would you do next, how will you implement your mvp in mass adoption?

that's a good question


regular transaction when you buy something and sent the coins and them in seller wallet balance they gone.

 the transaction with hold he will receive as normal but unable to use it and you even if not did release the hold you won't receive it back
 the transaction is a transaction after sent it gone no matter if you put hold, just this time you got some upper hand over the receiver  and not only the receiver

what's the point to hold, if you not going to get it back no matter the hold or un hold?

if people forget to release it from hold:
there will be an automatic expiration time
with notification in your wallet, you can ignore
and the hold will be released and if not it remains
and you can set your own date if needed.



but your question points me to something else that needs to be solved.

if the buyer wants to manipulate the seller:
"yeah I received but you promise this gift. "
and I not releasing the hold till you send this gift etc..."

yes, my money has gone i paid I received the good but why not to squeeze more from this poor seller to release his money.
of course, there are people that will do so, but then again what the difference between this and when you sending your coins to anonymous address and not receiving anything from the other side?

bad people and scammers will be always no matter what we do but at least we can try to do something about it.


 it doesn't solve this  "buyer hostage" situation same as in another cryptocurrency with seller hostage" situation.
but I try to eliminate some of them as much as I can and keep updating this post to let you know the progress.

It is something like safe deal, it is a good idea, but I think there will be some minuses and arrive more scammers, not sellers, but buyers, that will get their product, it will be delivered but they will still hold coins and may use, as example, button "not delivered". Yes, of course this garant service will be good, if it will be, but just imagine how many people that now are using carding will level up?)
Think about that

in 2012 it was a " wild a west" many scams many "shit coins" without any use, it was hard to trust sending you coins to"anonymous address ".
and I decided to at least tried to do something with blockchain transaction other than sending, receiving, sending a message, and using anonymous
 address, and deliver some trust in people when making deal with crypto coins, and in an easy way anyone to use.


my question and the whole point of this post:

is what I tried to solve and deliver in 2012-13 when I start the development, do this project and the idea worthy To revive in 2018, and continue the development with the consideration and needs for 2018?

this is a good idea, some instead of doing fixed timer you can send the hold with a date to release in case you forgot
something like this?

first, thank you for interest

"This one-way hold is an attempt to avoid using extra people who provide escrow," yes this is the idea

" 'hold' is not released. Where does it go?" -> when you sending your coins to the wrong address they are gone if you sending your coins to scammer they are gone
here the same thing
if you are not released the coins from the hold they are gone just like in any other coins no one can use them
or else the buyers could become the scammers and we want to avoid the scamming this go to both side buyer and seller.
they will stay in the scammer wallet with "hold" forever
I was thinking maybe it will go to charity, but I prefer to keep it this way, let the scammers eat their hearth,

but because of the hold option, it will motivate the seller to be more legit

if you have other suggestion I will be more than pleased to hear that

while the escrow is great but sometimes when you just want to use the coins to buy things, and you just downloaded the wallet to buy something
like my girlfriend, she knows about bitcoin she know that this is a digital coin but I told her
you just download a digital wallet and you can use your coins to buy thing

and she "what digital coins" "what digital wallet"
imagine what will be her reaction if I told her but in order to buy something you need to use "escrow service"

i don't want people to start looking for escrow i want people to use this as a coin straightforward without the need of the third party involved

i want to simplify things for daily users like my girlfriend new to crypto because of me  :-)

and i still think escrow is a good thing just trying a little bit to do something to avoid it but not in all cases sometimes you do need escrow

the project is from 2013, I created the post exactly to raise this type of question, and develop a project that answers the needs of the community in 2018 after crypto already established some blocks it's almost
5 years  and we learned things like the bitcoin block size problem and many other things so, please suggest

The idea seems quite interesting. I believe the reason we still need this is that smart contracts are too hard to be used in real life by ordinary people, right?
This one-way hold is an attempt to avoid using extra people who provide escrow, while ensuring safe shopping. Let's say the money is in the hold area and the buyer is waiting for the product to come. If the product doesn't come then the 'hold' is not released. Where does it go? Can it be withdrawn by the buyer? And what if the buyer is the scammer and attempts to get the product without paying for it? Who/what will decide who's right in such cases? Basically, that's what escrow is needed for. Trusted members are not just holders of the funds, but also the judges in cases of problems.
Could you explain how your project deals with such things?

where are you seeing that someone advertisement something?
here is nothing to advertise did you read the whole post and what it's all about? ,
 and what average coins putting where you talking about?

One more advertisement thread with a strong words at the title? God, when will u stop putting your average coins everywhere?

Can you implement built in time to release the hold in case you forgot?

it's decentralized there is no third party involved the wallet owner doing the "hold" and after X time if he forgot to release he will receive a notice in his wallet "hold about to expired" if he choose to ignore the hold will be released probably forgot to do so, and if not the hold remain probably because he doesn't want this individual to receive the coins

What difference between this and for example PayPal or Alipay with customer protection? Don't see anything new in this. You will have to resolve disputes manually, this is not the decentralised solution. Or you will going to take information from postal service automatically? Or how will it be if buyer will decide that quality is not that he wanted? Or send the parcel back? How will be a chargeback?

Well if scammer will only wait 3 months, the user can just complaint about it before 3 months comes to pass in order for it to not expire. If the transaction is a success, then the buyer can just ignore it and it will be released automatically. If transaction failed, buyer can email team for complaints or there should be a dedicated button for that while looking in the transaction history.

this is why I created the post to hear people thoughts, so let's say I bought something from seller A and transferred to him X amount of coins let's say I forgot to release the funds so within 3 months they will be released automatically but what if i did because the seller is a scammer and i didn't released the hold because of this.

but the scammer will wait 3 months and then it be released, what if to implement the second hold that sending a sort of reminder to the wallet as "you didn't release the funds it's about to expires"
and then if the wallet owner chooses to ignore it will be released automatically, but if not he will click to leave this on hold because it was a scammer this is much safer and eliminated the problem if you forgot to release it from hold what do you think?

It definitely is an interesting idea but does it really the solve the problem at hand? It seems to me that the system itself needs more improvements in order to fully prevent scams using the project. If the buyer needs to released the hold coins, what if he/she didn't release it on hold and left the seller waiting? I think escrow would be much more efficient if this system stays as is. I think that every transactions made in it should have an expiration(ideally at least 3 months) and when it expires without the buyer complaining, the seller would receive his pay.

thank you for your interest, I will definitely need some help with a graphic in the near future.