Marketplace idea

Why do we either A. impliment the following or B. Completely make a new market for the following. Do not allow balance wallets only escrow. and pay at time of purchase. transfer 0.0xxxxx btc to insert address here that way there is no way of losing your btc in event of compromise or down time.

Throw other ideas in replies that way some random guy or gal can borrow our ideas


Comments


[5 Points] None:

A market like this already exists. TMP uses BIP38 Multi-Sig Bitcoin transactions, explaining it would take up 5 pharagraphs but in short it means that your funds never ever touch the market, there are no "wallets" or "deposits". And there is escrow nobody can run off with even if the market goes down and the admins decide to go rogue.


[2 Points] Seaturtlecircus:

UVC market allows part of that. We have no site wallets. Buyers send payments to escrow wallets and sellers are paid directly from the escrow wallets. This by no means eliminates the risk of losing BTC, but certainly reduces it.