Very interesting discussion.

Seems like ServiceNodes could be an impartial third party to an escrow. You could do a fall back to an arbitration service if sellers and buyers do not agree on something.

Either way, buyers and sellers pay ServiceNodes for the service.  Add a little obfuscation for the IP addresses and it could be a relatively easy win.

Maybe add a shapeshift type service to allow escrow between crypto currencies, crypto and fiat and even just fiat to fiat transactions.

If they could ramp up over 2-3 years to do $10m per month, at an average of 0.25% in fees, the network could earn $300,000 month or $3m-$4m/year.  The network is currently worth $30k!

1,400 ServiceNodes in the network would each earn $200 month. If you had 20 servicenodes, that could be your full time job  

The value of the global escrow service must run into $billions.  We are only talking about a rounding error in that market and you still get a highly profitable use case.

Bloody hell, I never knew Escrow was so big or so profitable.

JPMorgan do a roaring trade in Escrow.


http://www.mmmtechlaw.com/wp-content/uploads/2010/09/2010-MA-Holdback-Escrow-Report2.pdf-Adobe-Acrobat-Professional2.pdf

This market is not worth $billions each year. Its worth bloody $trillions, each day.

The most popular transactions, given what JPMorgan do, are below $1m and the average life of an escrow is 18months. We need to be adding interest and fees. lol.

Talk about money for old rope.

ServiceNodes could be turning over $100m/month. That's $1,200 month in fees and interest for each servicenode. Sod digital cash.

Rich I tell you. We could all be stinking rich.

Make it so. Please make it so.

WTB 500k SPR

PM

 

I bought a few thousand SPR earlier. The bots went mad. It was so funny watching it happen.

I reckon if you surprise the bots and go against the trend, you can get the market to move +/- 150%.

They were like: WTF is going on, the markets are moving against us, buy, buy, buy.  Sorry about that everyone with a bot 

Highly interesting, I will take a look at it too.

Hm, isn't multisig already part of even the main net spreadcoin version?

See a previous comment made by Mr. Spread (january):

No, that was human folly. There are only three bots working SPR currently, and mine has been in toecutter mode most of the evening giving the other two the blueball boomerang. 

We are working on it.

real problems with all the garbage being placed on the forum ...

anyone anywhere allowed to put everything from gibberish to viagra ... come on guys ...

#crysx

Spreadcoin.net is dead, it vanished together with Mr. Spread.

We are working on a replacement site and a new ANN thread.


I'm cleaning up the forum once a day, until I have better anti-spamming measures in place.
ATM I have dozens of filters and bans activated that keep literally hundreds of spammers from posting every day!
But a few still get thru.