@qawzsx : Why I'm here ? Probably because i own some BitBays, followed the project because i found the concept interesting, now I'm kind of genuinely concerned about the business model of the Decentralized MarketPlace and how the Escrow System works because it will be the backbone of the system.
Personnaly i think the adoption and wide use of the coin is essential to its developement.
And we haven't even talked about volatility of BitBay and this problem combined with the escrow time regarding Vendor and Buyer...
Seller & Buyer will be able to set their own escrow amount. Double deposit was just an example ( I think) lol. I hope it's not mandatory because that can come bite your ass when marketplace launches. I'm really not sure how it would benefit small time sellers/buyers.
Freelancer: Would the guy who is looking for job really deposit money before applying for job? No, I don't think so.
Buyer: Would they deposit $2000 for something that costs $1000 just so they can avoid $5 fees from Paypal? Nope
Seller: Would seller deposit more money than what is needed in order to avoid fees? Nope
Lawyer: Would he deposit money before client hires him? Nope
On other hand this market can be very useful for things such as real estate deals & bank deals It can be beneficial for things such as an IBM working on a project for a client and client don't like the idea. They both deposit money in escrow and IBM starts working on that project. After a month they reassess to see if new project brought profit to client company. Once client sees the benefit money will be taken out from the escrow and it'll be released to IBM.
Big companies, Big buyers, Big sellers. They would love this "double deposit" and I don't think it's really meant for day to day user who is living in poverty time.
Just my few cents.
On the contrary, you are wrong...
For example as an employer on a freelancing marketplace, I don't give a shit about your skills as a freelancer with no good feedback. I'm looking for somebody who is TRUSTING his skill and is dedicated to finish the work in time and deliver as advertised.
For example as a seller, I won't sell you shit if you don't have a proper feedback and you are willing to pay trough paypal. I won't take that chargeback chance.
For example as a buyer, I will pay an escrow fee just be sure that your cell phone is working as advertised. That won't be a problem.
You are WRONG. You are looking from a "scammer" perspective. "Is he willing to do that? Ofc not if he's not a honest person"
I get it, there are sellers and buyer who can't afford escrow service. So what? Does that make the service "good for nothing"? That's plain STUPID!!!!
Stop looking from that perspective, and be creative. On top of that, stop thinking short time. "Look, the volatility...." Gosh...
You dumb fuck, if you are not the organizer of this scam and not one of the dumpers, in other words if you are just an idiot who beleives in the fairy tale of 1 billion $ business, then just shut the fuck up, because you are arguing so hard that for this scam that it is getting embarrassing.
If you are one of the organizers of this scam, then there is at least a rational explanation why you are arguing so hard, but in this case still shut the fuck up, because we got your point that Bitbay will take on eBay ... yeah it will.