If you need a helping hand, you will find one at the end of your arm

[Environmentalist18]

Hello crypto world!

One question that every time bothered me - how people can solely implement crypto in their life without any third-part intervention. The answer was quite simple and made me a bit disappointed. The currency is exist only if you have the really opportunity to buy something through it.

So, what am I proposing?

I am offering to create the net of bring-and-buy sale platforms in big cities. Something similar with ebay or any other C2C platform with only available cryptocurrency for paying between users.

All we now clearly understand that crypto cluster is raising up, but no real mechanism to use currency in general for average citizen. Moreover, I suppose that is good idea for startup too.
Please, give me your feedback about this idea.

P.S. If you have some offers, let me know about it - art1ntel4.88@gmail.com

[1714114088]

1714114088

[1714114088]

1714114088

[franky1]

for online/delivered products:
to do it without a custodian / escrow (third party)... your service needs to use 2-of-2 multisig
where even the seller needs to put funds in so that if the seller wants his own funds back he has to sign too.

there have been cases of multisig where the buyer is blackmailed into signing a tx of only buyer funded coin, because only the buyer would be at financial risk.

EG
seller "i refuse to sign a 100% refund to buyer. the buyer needs to sign 80% to me or else buyer gets nothing and funds remain stuck and unsigned"(situation of no cost but no loss to seller. but potential gains if blackmail succeeds)

so having the seller at financial risk by seller also putting funds in, if agreement is not made then it becomes more mutual loss for both sides. now the buyer gets to have a say in the agreement as the seller can lose if a mutual agreement cant be made

i say this because many sellers never even have the goods advertised by them and just want to get 'free' coin, by faking delivery and then grabbing coin or blackmail to get coin by forcing the buyer to give them coin even in a refund event.

so having the seller at as much financial risk as the buyer.. sellers would be less likely to do the 'no products but still pay me' scam

for face to face, hand to hand garage sales:
people can pay in standard 'push' transactions. all that need doing is a advertising/signposting map service to show where garage sales are occuring that are bitcoin payment based, because buyers get to see and handle the products and know wher the seller is to slap them with a wet fish if buyer cant get the products

[Environmentalist18]

Absolutely agree, if we want to get clear and distinct service we have to implement some kind of guarantee giver into the platform, like suspending money in paypal. We can firstly put in on platform wallet (yes, I know, it needs a good security for savings, but maybe someone here will offer another way to suspend money before buyer get the goods.

Nevertheless, what do you think in general about this?

[franky1]

Absolutely agree, if we want to get clear and distinct service we have to implement some kind of guarantee giver into the platform, like suspending money in paypal. We can firstly put in on platform wallet (yes, I know, it needs a good security for savings, but maybe someone here will offer another way to suspend money before buyer get the goods.

Nevertheless, what do you think in general about this?

i dont mean be a crypto paypal. as thats then becoming a third party/middleman yourself(thus self destroying your initial premiss).

i mean a simple buyer and seller set up their own independent 2-of-2 mutual agreement(multisig)
you just need to signpost buyers and sellers towards each other, without trying to control the funds for buyers/sellers


its like LN. they went from a idea of 2-of-2 mutual agreement. but then added on middlemen(routeing) then more middlemen (factories /watch towers). and now lost the whole point of the niche.

[franky1]

Yes, but following this procedure we can't save users from the fraud.

but for your initial ethos:

One question that every time bothered me - how people can solely implement crypto in their life without any third-part intervention.

your "we" should not be involved

i answered your question of how the users can do it themselves
its not just a "mutual benefit" thing
but a "mutual destruction" thing

dont make a service where you want to be a police.. while advertising there are no police.
instead say "its the users own faults. its their funds they both cant agree on"

don't mother people. if they want independent control then they need to independently be responsible

P.S
if they both cant agree.. then the funds just dont move. its not technically lost. its just waiting for an agreement.
they just need to take time. have a coffee, cool off and renegotiate once cooled off.
if they cant. then take another break and then try again

its a case of just let them fight it out using their own hands found at the end of their own arms
but by using a 2-of-2 multisig both sides have an equal fighting chance. because both have fists and one sides hands are not tied

[ShadowBits]

Hello crypto world!

One question that every time bothered me - how people can solely implement crypto in their life without any third-part intervention. The answer was quite simple and made me a bit disappointed. The currency is exist only if you have the really opportunity to buy something through it.

So, what am I proposing?

I am offering to create the net of bring-and-buy sale platforms in big cities. Something similar with ebay or any other C2C platform with only available cryptocurrency for paying between users.

All we now clearly understand that crypto cluster is raising up, but no real mechanism to use currency in general for average citizen. Moreover, I suppose that is good idea for startup too.
Please, give me your feedback about this idea.

P.S. If you have some offers, let me know about it - art1ntel4.88@gmail.com

We have a long way ahed of us before we can really do that. Crypto is still young and would ahve a lot of thing to handle with before we can start everything that we love in crypto.

[alani123]

Hello crypto world!

One question that every time bothered me - how people can solely implement crypto in their life without any third-part intervention. The answer was quite simple and made me a bit disappointed. The currency is exist only if you have the really opportunity to buy something through it.

You're implying that a currency isn't worthy if you can't buy things directly with it? And I also get a feeling that you're limiting that to tangible items too.

Why?

Are you trying to say that getting bricks and mortar shops to accept bitcoin would bring any extra utility to the buyer or store owner?
Look, bitcoin doesn't bring more utility to a real-world transaction than cash would.

Bitcoin is non-fungible, very volatile, and its transactions aren't free.

When compared to electronic means of payment:
Its transaction confirmations aren't instant, payment processing can be costly and custodian payment processing (holding) carries a market risk.

Bitcoin's price is driven by demand. But if you want to buy things with it, it can be sold either in an exchange or hand to hand for hard cash, and then that cash can be utilized for transactions demanding a more commonly accepted currency.

In short, yes, BTC CAN be used as a currency, but it's not very good at that and especially when its price is high (incurring higher fees).
It is instead great to transact value and it's more convenient for it to be used as such.

[Environmentalist18]

I will try to explain)

From one hand, it's stupid to deny that many professions were born and lived standing only on crypto, so if person get money in btc it would be great to buy something without exchanging in fiat money. From the other hand, many people that have a traditional sphere of job want to get btc as a currency without any exchanges.

Try to moving in this direction, I'm not talking about old clichés.

[Environmentalist18]

Hello crypto world!

One question that every time bothered me - how people can solely implement crypto in their life without any third-part intervention. The answer was quite simple and made me a bit disappointed. The currency is exist only if you have the really opportunity to buy something through it.

So, what am I proposing?

I am offering to create the net of bring-and-buy sale platforms in big cities. Something similar with ebay or any other C2C platform with only available cryptocurrency for paying between users.

All we now clearly understand that crypto cluster is raising up, but no real mechanism to use currency in general for average citizen. Moreover, I suppose that is good idea for startup too.
Please, give me your feedback about this idea.

P.S. If you have some offers, let me know about it - art1ntel4.88@gmail.com

We have a long way ahed of us before we can really do that. Crypto is still young and would ahve a lot of thing to handle with before we can start everything that we love in crypto.

Why do you think it's so impossible? If we create platform with good service include people will have the chance to take a part in crypto industry. Furthermore, they would do it directly.

[pooya87]

i can't help but fee you are talking about something that already exists, similar to OpenBazaar. have you checked it out?

When compared to electronic means of payment:
Its transaction confirmations aren't instant, payment processing can be costly and custodian payment processing (holding) carries a market risk.

the only thing that you are correct about is the volatile price. the rest aren't true. all other means of payment have delays in their "confirmation" and they have costs even if you don't see them at first.

[Dexion]

a good idea, but it's not easy to create a startup that can attract a lot of public attention. and this requires a large concept, knowledge, and large capital.

I understand that you want to make a project that can make everyone satisfied with the cryptocurrency innovation transaction. and you must prepare from now.

[Environmentalist18]

i can't help but fee you are talking about something that already exists, similar to OpenBazaar. have you checked it out?

When compared to electronic means of payment:
Its transaction confirmations aren't instant, payment processing can be costly and custodian payment processing (holding) carries a market risk.

the only thing that you are correct about is the volatile price. the rest aren't true. all other means of payment have delays in their "confirmation" and they have costs even if you don't see them at first.

Yes, OpenBazaar is very similar and had a great success in this field.
But the main idea of OpenBazaar theory is decentralization, and the main idea of this system is implementation bitcoin in real life.
Some difference between these two point of view.

[Environmentalist18]

The idea is good but we have make sure that the users must be free from fraud. So to safe users we have to provide escrow service otherwise a lot users will be cheated. So without third party how we can protect  our users?

It would depend on kind of bargain. In some cases I think we need to add escrow.

[ambisyon]

My comment with regards to the subject is that you yourself can help your own quest to learn further regarding cryptocurrency by reading and do research a lot. Study and analyze the market trends of btc market before you engage yourself into making investment as knowledge is the key to your success. By doing so,  I believe you can manage wisely with your investment as you already now know how the market works.

[franky1]

Yes, OpenBazaar is very similar and had a great success in this field.
But the main idea of OpenBazaar theory is decentralization, and the main idea of this system is implementation bitcoin in real life.
Some difference between these two point of view.

are you more thinking of an open bazaar which advertises products
or more so a "spend bitcoins" where to go signposting site(map)

maybe another idea. is a mix of spendbitcoins/local meetup signposting(map) site.
that shows where the regular meetups/garage sales occur..

i dont know exactly what your site will offer. as i feel your still at a first draft, initial thought position

[MULTIK888]

If you think it's that simple, why hasn't anyone created such a platform yet? Because as you say it is very obvious.
to create such content there are many problems and the first of which is the bitcoin exchange rate and payment by cryptocurrencies. When you confirm the transaction, you give your tokens to the seller and receive no guarantees in return. If you think about a system that will freeze the cryptocurrency after purchase and complete the transaction after receiving the goods by the buyer, then the option of implementing the platform is quite possible.