I'm afraid it's not really marketplace insolvency that's the problem. The problem is inconvenience to sellers. However, they cannot entirely remove it, because it's the direct result of the solution to another problem. You have to take note that Bitcoin transactions are irreversible. Once the buyer sends the payment and the transaction is already confirmed, there's no way he/she can reverse it as soon as he/she got the wrong, defective, or substandard good he/she is buying. This is the reason why there has to be some kind of party that ensures the safety and security of everybody.

I understand that you've been a pioneer international seller on Ebay and Amazon, and you're trying to find a solution to a problem you've been dealing with. However, much bigger than your problem when it comes to E-commerce in general is the low quality or sub-standard goods. It's a much larger problem and it's being addressed by the escrow system.


Then you're not talking of a decentralized peer-to-peer marketplace.

And what could the arbiter do when the payment is already made? Will you implement KYC or something else to make sure sellers could be held accountable in case of disputes?