Post
Topic
Board Service Announcements
Re: [ANN] LocalBitcoins.com - a location-based bitcoin to cash marketplace
by
giszmo
on 08/01/2013, 22:22:24 UTC
Feature requests:

- Ability to re-negotiate a 'buy' or 'sell' contact after a period of time. Hypothetical example: I have a buyer from a month ago who didn't stay in touch, and now they want to buy. But the contact is fixed at the rate it was a month ago, and doesn't reflect market prices. I'd love to have the option to update the request without cancelling and having the buyer/seller re-send the request.

- Ability for seller to auto-cancel a contact with a buyer if the buyer doesn't respond after a certain period of time (two weeks?). If the seller sends a message to a buyer, which doesn't receive a reply within a given amount of time, it auto-cancels the contact and sends a message to the buyer, "Buy request cancelled due to inactivity" or such, so the buyer knows they're to blame for not continuing the back-and-forth communication (not the seller being evil for cancelling a buy order).

Just a couple of thoughts. Thanks kangasbros for your hard work!

-jtibble

With bitcoin volatility and many people having no rating at all yet, I have a problem with the whole concept. If I don't know if I can trust my trade partner, why should I honor the rate that he locked in when agreeing on my deal? Maybe I put coins in escrow and wait a month to find him finally ready to buy as value went up 100% or if value went down 5% he simply locks in yet another deal with some other dude?

Sure, one day when all have great ratings and reputation on the site, this will not happen that much but right now I see this as a big problem.