Hey.
I've been thinking about DDE. Often people sell things because they need the money. Suppose I came up short on cash to pay the rent. I have a pretty nice guitar that I decide to sell on the Bitbay Market. I want $1500 for my guitar. Someone likes my guitar and agrees to buy it for $1500. With DDE I have to deposit $1500 in escrow to make the transaction, correct? My problem is if I had $1500 to deposit, I'd probably use it to pay the rent and keep my guitar.
Is this a bad use case or am I missing something here?
Do you have the client installed? If so, try to use the sell coins template. On the first page it says "use recommended deposits and settings" You can change that to custom settings. If you do you get the option to define your DDE yourself both for you and the buyer. So if you want it to be zero, it's (almost) zero. There is a minimum of 5500 Bay for deposit.
So you
can sell with (almost) no DDE. And if your buyer knows and trusts you, that might be fine. The real question is if a stranger would buy your guitar if it's listed amongst other guitars that offer DDE. I think not.
That makes sense. So as a seller if I have a good rep i can sell products with low DDE or zero? Glad you cleared that