What would happen if either customer or sender make false claim? How Bitpost could verify the package actually lost or damaged?
Look, Bitpost doesn’t rely on any claims or disputes. Handling a parcel involves multiple handoffs along its route, such as sender-driver-hub-driver-hub-driver-recipient. Each handoff must be confirmed on the blockchain through a transaction originating from the receiving party's wallet. Executing such a transaction transfers full responsibility for the parcel to the receiving party and absolves the previous party of any further liability. Therefore, if a parcel is lost or stolen, or if the courier arrives with a damaged package, no subsequent participant in the process will certify its handoff, so if the parcel remains "on hold" with a party for a certain period without any movement, the sender has the right to claim compensation from its current holder security deposit.
Based on their explanation of the Security Deposit, looks like the sender can make a claim only if there's no movement on the parcel within a specific timeframe. Not sure how they'll handle the dispute if the member who delivers the parcel faces some issue and the package is not damaged. I assume there'll be an arbitration method otherwise each member must send the package asap if they don't want to lose their deposit money.
The system distinguishes between situations where a parcel has not moved due to uncontrollable factors (e.g., a lack of available couriers in the area) and deliberate situations (e.g., couriers expressed a desire to transport the parcel further but were unable to do so because the hub lost or damaged the package). In the first case, compensation will not be granted, whereas in the second case, it will be.
In my opinion their main goal is just token presale, and maybe few years ago they would actually get some funding.
Even if this project is real, and I doubt that, this won't be released before 2026 or 2027 if ever.
Regardless of the outcome of the presale, we won't abandon our efforts without testing this idea by delivering a complete product. It’s something that has the potential to change the world, tbh we treat it as a project of our lives. We have already completed around 70% of the smart contracts and 20% of the frontend, even without any presale. Not to mention the months spent designing all these business logic / security / privacy mechanisms and experimenting with various architectures. However, solid funding is essential to focus on it full-time and launch it with a bang.
I do however hold an empty basket, as the OP does not seem to genuinely want to create a decentralized marketplace, as he apparently wants it to be based on Ethereum, which is a centralized shitcoin.
You might be surprised, but we agree with you about Ethereum after transition to Proof of Stake. However, we consider the EVM technology to be brilliant and a solid foundation for our project. That’s why, for the Bitpost project and related initiatives, we’ve already developed the world’s first blockchain fully compatible with Ethereum, utilizing hard drives for mining. This offers security and decentralization similar to Proof of Work but with a fraction of the energy consumption. It’s designed so seamlessly that our beacon client communicates with the original execution client, such as Geth, through the official API, replacing Proof of Stake with an alternative consensus algorithm. To be honest, we’re not currently promoting it because, after a year of flawless operation, it has halted due to poorly adjusted difficulty constants and a decline in users. However, this issue will be addressed, and it serves as a clear signal for us to accelerate our efforts on the project, because otherwise, we risk losing our community.
