Hi I am happy to see you guys releasing a censorship free marketplace with double deposit escrow/mutually assured destruction/2 party escrow.
Thank god you guys followed through. Any plans for a web version? It's wonderful to see more projects using this concept and I hope your project is a catalyst to make something popular that I have been fighting for years to get people to use. Two party escrow should be the standard, default escrow used on TOR and other networks. In fact, the default for any serious crypto transaction. It is literally the end of scams. I wish the Bitcoin community would get their head out of their sand and look at this escrow solution. So please market it aggressively and good luck adopting it. Also is there a brief write-up of how you guys script the double deposit? There is a lot of good techniques to use for it. If you ever wanna chat just PM me.
Congrats!
Thanks David for the kind words!
We both share the same mission and vision for true censorship-proof and free eCommerce. It's a shame this concept isn't getting more attention from the wider crypto community at the moment. From a personal point of view, I believe we're both building what the crypto ecosystem should have always been: decentralized. When you really think about it, we have this awesome decentralized currency (Bitcoin), yet the entire infrastructure on which it relies is centralized and now controlled by a few central parties. What a shame...and it seems some prominent crypto public figures are fine with that. Go figure!
Wishing you much success with Bitbay! I am sure both of our projects will get their time under the spotlight. It does seem like we are trending towards a better general understanding of what we're building, especially in light of the ever-intensifying regulations around crypto and also in light of companies like Bitpay shutting down their services in some countries and prohibiting all sorts of transaction types. Doesn't feel crypto, right?
We're fighting the same fight, stay strong!
Yeah it feels like the whole world is upside down. Maybe it's because I've always valued freedom and when I first came into crypto I saw so many people who were using TOR, looking at open source, caring about protocols and even minor security changes. A coin would pump just for having a more secure algorithm. So to see the sheep flock to central exchanges and not even use escrow to lose funds due to theft over and over again even on TOR is just totally something I did not expect. Where did all these self-proclaimed decentralized enthusiasts go? All these rich yahoos throwing their money into nonsense and almost deliberately avoiding decentralized tech. What about the self-proclaimed crypto-anarchists? Where did they go and why aren't they here? So here we have software solutions to the final pieces of the freedom puzzle, decentralized markets, decentralized escrow, etc. Both projects have those things and of course some differences as there is only so much time to develop, as Particl has good anonymity and BAY has the peg to stabilize the economy. Yet we fight just to get the peg on exchanges because the central exchange devs usually don't understand it or don't want to spend the time adding a custom coin (at least some have agreed, I will believe it when it happens). And yet, even with those tools the volume needs to be there. The users need to be there. Even most DEX solutions have very little volume. With the boom of 2017 the vicious pumpers made an exit on almost every token across the board. With fake premine ICO sucking out most of the funding that should have gone to legitimate projects. So when will the world learn the example Bitcoin was able to teach them? To decentralize everything.