Quote from: 3r197 on July 07, 2015, 11:03:48 AM

Quote from: DeezCoinz on July 07, 2015, 05:20:28 AM

Quote from: dzimbeck on July 06, 2015, 07:36:55 PM

We have the templates working nicely so when people see the peg and buy in, they see the user friendly markets that even their mom could understand which we could fill with p2p cash orders or selling items etc.

So when the templates are done, the "moms" won't have to know about two private keys and multi-sig accounts and double deposit escrow? It'll be just like Ebay without the middle-men?

So Mom wants to sell her old Ipod for $100. She takes a picture and puts it and a description into the marketplace. The next day Bob contacts Mom and says he wants to buy the Ipod for $100. To use the Double Deposit feature, all Mom has to do now is put in $100 and send the Ipod. But wait. Mom says "Why do I have to put out $100 to sell my Ipod? I want to sell it because I don't have $100. On Ebay, I just sell it and Ebay takes a little and gives me the rest. Why do I have to pay to sell things? I want it to be easy like Ebay. I like Ebay. I sold a toaster last week for $25 and I didn't have to put in $25 first. I know I get it back, but what if I want to sell Grandpa's Mickey Mantle signed baseball for $6000? I don't have $6000 to put in. So I can't sell it? I don't understand this.

Can someone help Mom understand how easy this is?

Actually you don't even have to use the escrow. It just gives you the option. If you want to sell your micky mantle card for 6000, you have the option to set the contract up where you and the buyer don't deposit anything. That is the beauty of it! It's completely flexible. Heck you could create a contract where you deposit 0 and yet require the buyer to deposit 12,000 - you are in charge! You might not get any interested buyers, but that's your problem. But then again, maybe you have a very high reputation system, and a buyer will trust you to your unbalanced terms.
Anything is possible. You could deposit 6000, sell it for 6000 and ask the buyer to deposit 2,400,000 million.

See what I'm getting at.

Yes I do. I didn't know that. Very cool.