I just came up with a great concept for Opal. I see these alt coins trying to make an marketplace and it just falls flat every time.
OBAY instead of EBAY!!! Opal used as payment for ebay transactions.
The easiest way to do this is to use ebay and get the power of ebay behind the coin. This will cause people to buy in, we could also use PayPal to purchase Opal and give ebay side business because Opal will be taking away their fees and making it cheaper to buy and sell. Maybe even pay final value fees in Opal, to be accepted by ebay rules?
PayPal charges a hefty fee to Merchant accounts. If People buy into Opal and pay with Opal, the final value fee paid in Opal could make it Legitimate and Merchants save money. People would then be able to use the Opal Drive with their coin and also enjoy the speculation of the trading of the coin to make extra profit from the demand for the coin. So you basically traded something worth lets say $100 USD paid off ebay properly to legitimize and now you own $100 USD of Opal. If you hold the coin while people buy in you may Double that from $100 to $200 if you sell later. This would all be determined by the market though and if you hold that much Opal you could also TRADE it instead of SELL it to not diminish the coin in the Open Market by selling. So you would get $200 worth of TRADE for your $100 for all the other sellers offering OBAY! Obey Ebay play on words gotta love it since we are not going to Obey!!!
What would need to happen would be inside the Wallet like a message or Opacity etc. or Devs may brainstorm a better way that may work within the bounds of what I am trying to accomplish.
ebay won't allow people to subvert their fees but there is one oversight on ebay's service. This would be the "Make An Offer" portion. By making an offer you can OFFER Opal. Then type out in the offer "For the consideration of $1 I agree to accept this OFFER in OPAL". The Bidder would have already sent an Offer on the special system integrated in the wallet. This would be like a message with the Auction Number embedded like an Alias corresponding to the Opal wallet of the Seller. The Auction would have an Opal Address listed to accept offers from using the ALIAS functionality, Sellers Name is Alias of ebay name and ebay name could also be its own Alias. This is merely like accepting PayPal. But it could use Escrow also. Which could cost a nominal fee in Opal.
The fact that no one can guess a users name as a bidder during bidding also makes it more secure. If the seller has their ebay username taken before they Alias it, there might be a way to drop the alias and place the ebay user with the legitimate one. Perhaps an Alias auction to prove they are the rightful owner. This could be a penny since Opal will know the auction requesting is by such and such username and the request in the auction is for that specific Alias. So it would be a fully legitimized Alias through Opal.
Now what makes this legit through ebay is that a price has to be negotiated in Opal. Since the price changes constantly and must PEG to USD via BTC. So you can't just say I will take X amount of Opal in your auction. If someone wanted to pay in a Foreign Currency it would be almost the same result, just 2 calculations instead of only 1. The auction has to close at the agreement and sent immediately. So this causes Tort implications to be in play on the verbiage of Make An Offer. No company can contractually reassign Tort Liabilities that require payment to be procured while attempting to uphold their offer. By using Opal we also speculate to the amount it is worth in USD so we are really saying I am sending a perception based transaction that only costs money to get in where it could be worth more later or nothing tomorrow. It is pure speculation but we enter in as an Offer.
By using consideration of a Dollar we put worth to the Bid/Offer for ebay and it is contingent upon the Opal sent as the Offer. People would also pay USD for shipping as a real cost and ebay screws themselves by obliging our transactions here by charging a fee for shipping too. So they are a party to the OFFER and it would also hold up against any escrow or system that was used to make the arrangement of payment. Now there is an API that talks to the actual ebay auction number for Best Offer so you could do some fancy stuff too.
So an offer is sent first and then accepted for $1 and X amount of Opal plus shipping in USD. ebay makes their fee for the dollar and the person posting the Auction also has the ability to just accept a normal offer at USD and pay normal ebay Fees. SO The Auction CAN NOT BE BLOCKED! Just because they accept Opal when they agree they would also accept USD and pay normal fees. It is a gamble ebay will be forced to accept.
This all transpires with the use of the ALIAS function too! Since this would hide an Opal address out in the open to submit offers to. We can call it GoPal or PoPal. lol But it works beautifully and you take your ebay user name and send it in to Alias and now you just created a binding arrangement that can be viewed real time in ebay as offers come in that equal the bidders id sent to your seller id.
If functionality for this could be developed, I think Opal would take off, and we would watch others scramble to try to copy it. But it would give the most exposure to Opal first and bring in many more buyers. It could be a free service or nominal fee for escrow too. ebay charges way too much for what they do and double dip with PayPal fees for merchants.
Think about the demand for Opal and the price would need to skyrocket to support all the purchases. Then people may hold the coin also, and tada you got a winner!
Also, by using PayPal to sell Opal we are actually paying ebay by proxy to utilize payments in our own ledger. So this is binding since we could be a merchant selling nothing but people agree to buy it and put value on it and PayPal accepted the money for it through the buying into Opal becoming legitimate within their own acceptance. Since people paid for it through their Payment system and now use it to buy and sell products on their auction site.
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