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supertestnet / superstore

A simple bitcoin webstore with whisper addresses for enhanced privacy
https://supertestnet.github.io/superstore/
Creative Commons Zero v1.0 Universal
98 stars 28 forks source link

Escrow + Dispute Resolution #5

Open BitcoinBrief opened 1 year ago

BitcoinBrief commented 1 year ago

A variation on the Celebrity Escrow model (congrats on PlebFi win, btw!) is to replace the single celebrity with a panel of sellers/buyers/marketplace community members who vote on who gets the funds. eBay used this community court system in India with success (See Page 6 of this article).

The panel can be incentivized through fees from the escrow. Fidelity to the process can be increased by requiring panel members to stake bitcoin that is forfeited if a member votes in the minority, and transferred to the members who voted in the majority.

I've put together a dispute resolution system with these features for reviewing and adjudicating FOSS bounties: https://github.com/BitResolve/Bounty-Adjudication-System. I think a similar system could be deployed to P2P marketplaces like Magic Web Store.

supertestnet commented 1 year ago

That's a really cool idea. I'm almost done with celebrity escrow so let me deploy that first. There's nothing wrong with having multiple escrow options for merchants to choose from, so if you want to start work on your escrow system, fire away! I'll probably merge your PR