This is interesting, I have all ways been looking at ways to combat e-bay,
i would like to put my name forward, If nothing else I will be watching this.
how does "we will give you a wallet address to monitor" work?
If I don't control the wallet I don't know who has private keys.
you WILL have the wallet to control. the wallet a hot wallet (will need at least a number of people to vote for the best online wallet they know [[security of our sellers and our buyers should be our priority, i hope everybody agrees on that]]
3 online wallet on the name of the company (still in argument amongst partners about that). Each Escrow member has the total right over the wallet.
to note : if buyers or sellers does not agree to have a company wallet because of the number of scams online and are afraid they get scammed by the company, the Escrow members will then use a private address with their private key and not even the company stakeholders will have access on it.
(we will take a vote about that later on when this thread gets real)
would also like to point out, escrow members will be doing it for free UNTIL the time the website is well established enough to start distributing profits (annual profits only). Its a way to decentralize online market for using only ebay or amazon for buying and selling. Bitcoin is the future. we need to keep having new ideas, new markets, new ways of doing transactions back and forth.
The pricing of the items will be in USD until one day bitcoin reaches a stable amount. (so that if bitcoin price falls, or rise : both the buyer and the seller cannot complain of getting less or getting more)
we are trying to get the best out of it. best market place for bitcoin transaction it should be in some months or years.
Squall1066. Welcome on board.