I’d say it’s a good idea for newbie accounts to make a small deposit to a third party, trusted person, like MJ.
That way the escrow can always confirm the deposit, and hold it in case the newbie doesn’t honor his bid.
Once the newbie account has plenty of feedback to confirm he’s legit, there’s no more need for this ofcourse.
What do you guys think about this?
I can't believe I agree with bavi. I agree with bavi. One caveat, how much of a deposit is necessary to bid on an item considering in auctions we won't know the final price.
I'd alter a bit and say put x amount in escrow and signed message from a wallet showing balance capable of paying for the item at hand.
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