/biz/ - Business & Finance

>>2669627

Yes!

>>2670403

Double Deposit Escrow (Pic Related)

>>2670412
Roadmap is slightly out of date, best bet is to go to http://bitbay.market/walloffeatures/ which has an extended explanation of current features as well as future items on our roadmap.

>>2658674

Lol. Double deposit escrow makes it all possible, pic related. Both users put up a deposit, and if both users then do not adhere to the agreed upon terms of the contract, their deposits are blown up. Coupled with a reputation-based system through the client, this completely removes any economic incentive to violate the terms of a deal.

As for illicit activity on the marketplace, I have seen none.

>>2455994

This is an old infographic but this is the simplest way to explain double-deposit escrow.

>>2439839

Both parties lose the deposit. It would be an unfortunate situation but it's kind of like if someone buys something off you on eBay and the postman drops it into a vat of acid on the way, you're still fucked. This is a very basic explanation but that's how i understand it. here's that infographic

>>2429481

>>2416888

My apologies, I am not trying to obfuscate anything. Please join the Slack for in-depth answers from the dev (dzimbeck) or the other team members (sirlosealot, funsponge, craig). While I am knowledgable about BitBay, I am merely a marketing guy, not a 10-year Blockchain veteran. Also, see the infographic for more information on double deposit escrow, it's not just word salad haha.

http://bitbay.market/wp-login.php?action=slack-invitation

>>2416875

Short term:
1.) Website revamp
2.) Active social media management (that's me!)
3.) Bounty list to allow for outside actors to participate in the development/promotion of BAY and the decentralized marketplace
4.) List Youtube tutorial series on Bitbay.market for ease-of-access to interested Users

In the long term we will focus on things such as:
- large improvements in the UI (She works, but she ain't sexy or intuitive yet. Prioritizing functionality over form until we're ready for the next stage, and plus we can probably outsource development of "easy" stuff like making cooler looking buttons lol )
- Active marketplace with more consumer products
- Web wallet

See the wall of features for more info: http://bitbay.market/walloffeatures/

>>2416865

You would lose your deposit, therefore you would not benefit financially from this course of action in any way, and would receive bad feedback on your profile. See the infographic for a more detailed explanation.