What would the dispute resolution look like? and how does the escrow system works?
Solely preaching about it giving people an opportunity to earn in a bear market seems not convincing enough. You should explain more about the overview of the whole system. And any other else benefit/feature/opportunity of the platform that could give, since I can't find any.
Solely preaching about it giving people an opportunity to earn in a bear market seems not convincing enough. You should explain more about the overview of the whole system. And any other else benefit/feature/opportunity of the platform that could give, since I can't find any.
Since you asked overview about the whole system , be a lil open minded and think about amazon , replace money or credit card payments with bitcoins, Now benefits could be endless for both buyer and seller side, supposedly you want to sell any old artifact which could be of some value , its simple to put an add with a price .. the trader may talk to you on the platform .. one thing is different from amazon is that u cannot talk to vendor before placing an order .. it would be a marketplace rather where in people can talk and when trade is opened the bitcoins will be put to escrow and once the item is delivered and received the bitcoins will be replaced by the vendor, though its a not a rocket science to understand a very basic concept of P2P clubbed with E Commerce.. which is basically based on WEB3 Solutions
I get that point. The problem is, IIRC, such kind of platform/initiative was already discussed by someone else on the Project Development board and somewhere, a long ago and not once. Now I didn't hear anything about it at all.
I did ask whether how this particular project will be developed, and where's the pain point of the market that could potentially choose this platform. For example, how do you attract buyers and sellers to your platforms? because things like Amazon already give a lot of convenients for a lot of users. And you didn't even explain the escrow and dispute resolution system about it, how could anyone have an assurance when they want to transact over the platform?
Well reaching out to masses is one major challenge looking at the current scenario where most traders are indulged into spot or staking trading, Now coming to the point of escrow, just like in amazon where you place an order by making payment through your card , here the currency that would be used to safe guard both buyer and seller would be bitcoin .. The product can be easily delivered from one place to another using many delivery services around the globe, and that traders and vendor can decide and pick and drop facility would be carried out , now dispute resolution , the person who is receiving the product has to make a video while opening the product and share it in the trade window, to ensure he got the right product in a said condition, once both agress the buyer or seller of bitcoin , can release the bitcoin and in case of dispute they can raise a dispute wherein the product will be replaced or returned and money bitcoin will be released to the right party depending on the trade fulfilments...
