I propose a new concept. *We don't need a new market,*
We need education and awareness of how to use multi-signature transactions on the bitcoin network. It's easy.
Here is my recipe for UnMarket:
- A deepweb onion forum
- Electrum multisig tutorial docs
The forum and subreddit host the information of:
- Arbitrators (pgp keys, xpub keys, dispute resolution rates and reviews) of various drugs and services
- Vendors (pgp keys, xpub keys, listings and reviews)
- Discussion (reviews, announcements, rants, community proposals and votes)
How it works:
- Buyer picks an item for sale that they want
- Buyer chooses an arbitrator from the forum
- Buyer creates a new 2 of 3 multi-signature wallet in Electrum and enters vendors and arbitrators xpub keys, saves the wallet file (easy as copy paste)
- Buyer sends a message to the vendor with their recently created xpub key, chosen arbitrator, and desired shopping selections
- Vendor confirms
- Buyer sends payment
- Package arrives or dispute is started
- Two of the three parties sign the transaction with Electrum (easy as sending coins)
- The deal is done
Why are we not doing this yet? If you agree please upvote and comment. If this idea is to succeed it is dependent upon the community... I pledge my energy and effort to making this a reality if you join me.
Im currently building a forum just for marketplace. Admins and staff will carefully look at all vendors to make sure no scams. I am trying to get NSW to join in as it would be a great start for us and bringing a safer community.