Decentralized Market Design: Feasibility?

The words "decentralized market" have been thrown around a lot, but not much has been provided as to concrete designs. I believe I have a vague idea as to a workable design, but I'd appreciate some input. I don't have much coding experience.

As we know, determining whether or not a vendor is a scammer is a crapshoot at best, even with human intervention and judgement. Vendors can easily fake tracking information, and furthermore, tracking drug packages, especially when they may have been seized, creates a security vulnerability. Usually, vendors live or die by feedback. Consequently, the majority of scams are either exit scams or selective scams. Selective scams work because buyers are afraid to leave negative feedback, as a vendor may threaten to dox or leave a low buyer rating. Exit scams work because the threat of market theft/hacking and bitcoin volatility provide a rationale to require early finalization, and the profits of a scam may outweigh those of legitimate sales given the vast difference in profit margin. My design aims to combat these scams without the risk of coin theft and without human intervention.

First, each vendor possesses an "active wallet." This is a multi-signature wallet which contains all coins in pending transactions. However, the escrow agent, instead of a human, is a bot, which makes decisions based on the "scam probability" criterion.

On the decentralized system, there exist multiple sources of data with which a bot can make a decision. These include:

In response to these pieces of information, the bot can make the following decisions

As to the means of verifying the integrity of the bot or the mathematical means of calculation, I will say that both aspects are feasible but require a lot of analysis. But if such a project became open source, and say provided statistical details for a given vendor wallet, along with a way to link the wallet to a database of vendor-provided database information broadcasted publicly and immediately without censorship, it seems possible to have an open-source and decentralized market.

Any ideas? Criticism?

Additional ideas/details (criticism needed):


Comments


[2 Points] plutopete:

Giving a "donation" to the service changes the bot calculation. In other words, the more of a bond that's paid, the more likely that a judgement will favor a vendor

This sounds like a vendor paying a high bond could scam and the bot will support them.


[1 Points] Hammer_of_Tor:

What language are you planning on using?


[1 Points] overttherainbow:

Bar the bot-bribing, they're some great ideas.