Today I read a disturbing post on /r/darknetmarkets called "Stop FEing"

[Nxtblg]

By the way hedging with derivatives is one reason why proof of stake coins can very easily fail.

Could you please expand on that point?

[coolbeans94]

Mintcoin

[coolbeans94]

By the way hedging with derivatives is one reason why proof of stake coins can very easily fail.

Could you please expand on that point?

Explain.

[Hueristic]

The only problem that I see is that now you've shifted trust to the market instead of the seller and given the market more incentive to steal funds. If you've worked-out a way to make this aspect trustless, you'd have a great solution.

This.

What about buyer escrows a added percentage and covers the market fluctuation up to a certain point, say 15% and when goods are received cost is calculated then and escrow is divied up accordingly.

[Hueristic]

I have a simple solution  Don't do drugs  Problem solved 

This may come as a surprise to you but some people die without drugs.

[jehst]

The only problem that I see is that now you've shifted trust to the market instead of the seller and given the market more incentive to steal funds. If you've worked-out a way to make this aspect trustless, you'd have a great solution.

This.

What about buyer escrows a added percentage and covers the market fluctuation up to a certain point, say 15% and when goods are received cost is calculated then and escrow is divied up accordingly.

I'd rate that as:
Buyer 4 Seller 6.

Dude, I already solved the thread with a Buyer 10, Seller 9.5 solution

/thread

Fin.

[GingerAle]

Option 3) USD-stable centralized escrow: Instead of keeping the escrow in a free-floating currency, any deposits received in escrow are immediately exchanged for a USD-stable asset held by the marketplace administrator. Once the buyer receives the product and releases the escrow, the USD-stable asset is exchanged back into the free-floating cryptocurrency. The seller will receive, at the time of escrow release, the amount of free-floating currency equivalent to the seller's list price in USD. The seller then withdraws his anonymous, free-floating cryptocurrency. The transaction is totally untraceable and unlinkable. The seller never sees the USD-stable asset. He takes no volatility risk. He does absolutely 0 work.  

erm.... centralized escrow. Is this an autonomous centralized escrow?

basically my qualm is introducing centralization and a required trust in a third party. I know this 3rd party trust is the basics of escrow, but those are my thoughts.

[generalizethis]

The only problem that I see is that now you've shifted trust to the market instead of the seller and given the market more incentive to steal funds. If you've worked-out a way to make this aspect trustless, you'd have a great solution.

This.

What about buyer escrows a added percentage and covers the market fluctuation up to a certain point, say 15% and when goods are received cost is calculated then and escrow is divied up accordingly.

Would mitigate risk on both sides, so seems like a fair alternative without making the system overly complex. Would suck for everyone when the market crashes a lot in a short period of time, but that might be the near-term risk for ease-of-use and privacy.