Does anyone else not see the issue with double deposits?  I was being a jerk about it a few posts back, but seriously who will put down double the money?  Think about it.  In this fast paced world who would want to lock up XX amount for days or weeks as an item is enroute?  Digital crypto transactions will have their place on bay, but methinks the marketplace will be the biggest draw.

So will the average person put down a double deposit on an item for $3.98?  No, because they're trying to get the best price and putting down $8 for something that costs $4 just doesn't make sense...

...I mean, yes, it does make sense to a rational, sane, smart person, but the market is none of those things.

And I'm sure as hell not going to put down $500 on a $500 item, just not happening.

...But wait, you say.  The deposit doesn,t have to be 100% all of the time?  Well great then an unscrupulous buyer will rack up a bit of rep purchasing junk, will rip a seller off (getting the item at a discount if the collateral isn't 100%) and then disappear.  Word of mouth would kill it.

These are just some of the glaring deficiencies I see with a collateral/deposit system.  100% collateral is offputting, anything less than 100% collateral invites fraud.

The feel good vibe around here is great...but I've been in more than one real life situation where a project looks great on paper but comes apart at the seams in execution all because obvious problems were glossed over in an effort to get it done.