Blackhalo would need that initial kernel to get the snowball growing. Maybe full trades (fiat for goods) may be setting the bar too high for most people. A slightly lower type of usage is lending, the sharing economy. Like those apps that let people put all kind of equipment up for sharing. The flaw in those systems is that it's completely reputation based. You have no idea in what kind of state you'll see your equipment back.
Blackhalo is the perfect escrow for that. Both people put their BLK in the escrow, there's no transaction, but the smart contract sits there until someone lended their stuff, the other brought it back in a satisfactory state and both people are happy. Though it'd be advisory for the person who uses the equipment to put in a higher (2x) escrow than the lender due to the asymmetrical nature of the trade.
I tried to explain escrow transactions to a friend of mine, and only once I brought up this lending example it 'clicked' for him.
Burning Blackcoin ? sacrilege, I dont mind new stuff, innovations but yea do make a new thread and I'll subscribe read up on it some. Oh this is the right link I guess,
https://bitcointalk.org/index.php?topic=2071642I'm not immediately seeing whats distinctive about it, but now I've posted the link it should be discussed there mostly. Good luck
The option to burn BLK for a new coin is great for BLK. It really raises the value of Blackcoin. Value comes in but it doesn't go back out again.