Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

Do we have any info about Bitbay market, where regular good ought to be traded?
What daily turnover we have or was implementing market a successfull feature?

The market has only a few orders in it at times. However it gets used for a lot creative things. For example, it was used to sell real estate without escrow making it one of the first real estate transactions in California history using Bitcoin/altcoins. And definitely the first without escrow. It has been used to sell gems, shirts, hardware, coins, collectors items, etc. Currently we use the employment template to pay our employees with automated payments and it's been working really well.

We will definitely need volume so perhaps we will give some users a way to resell their items from popular sites like Amazon or something. It would probably be a little more expensive to buy but would at least fill the markets.

Excuse me David, but did I understand that remark correctly? Did you say that you are using the employment template in the manner of payroll software? In effect, an alternative to Bitwage?

Yeah so like the major advantage of these contracts is they have deposits. So anyone who doesn't submit a report can't get their payment released and if they don't perform they might not get their extension and risk losing deposits. The employer can choose to automate his payments in Bay (or if he really wants use other payment methods in a custom contract). The software also tracks fiat value and has a stop loss in so if the fiat value drops too much it makes sure the employer handles the payment manually. It's pretty good, Craig has been using it and he can tell you how convenient it is.

So I guess it is sort of like Bitwage or Upwork or Freelancer or something. And also, crypto projects are notorious for flakey or tricky employees mainly because payments are irreversible so to be honest I'm not sure how other crypto contractors even work without a system like this.