BitShares Forum

Other => Graveyard => Marketplace => Topic started by: toast on October 31, 2014, 01:24:52 am

Title: BitUSD on/off: amazon wish lists
Post by: toast on October 31, 2014, 01:24:52 am
Amazon is a universal retailer

BTS is already an effective marketplace DAC in my eyes...
Title: Re: BitUSD on/off: amazon wish lists
Post by: toast on October 31, 2014, 01:26:06 am
Basic escrow *or* real-world ID check *or* decentralized reputation schemes. Blockchain supports almost everything
Title: BitUSD on/off: amazon wish lists
Post by: carpet ride on October 31, 2014, 01:28:12 am
+5% I think we know what you mean, but complete your sentences, please


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Title: Re: BitUSD on/off: amazon wish lists
Post by: toast on October 31, 2014, 01:32:42 am
You can spend bitUSD on amazon if you are willing to expose what you buy in public.
You can buy bitUSD with a credit card if you are willing to buy random stuff from amazon.

This is an effective on/off ramp that doesn't require a blockchain. Just make a website that sorts requests by fee paid.
Title: Re: BitUSD on/off: amazon wish lists
Post by: toast on October 31, 2014, 01:34:05 am
The tools required to make safe transactions (escrow, rep, etc) are already available and will become usable pretty fast. BitUSD<->stuff volume of any kind is good because you can start systematically trying to grow it
Title: Re: BitUSD on/off: amazon wish lists
Post by: carpet ride on October 31, 2014, 01:35:48 am
+5% thanks


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Title: Re: BitUSD on/off: amazon wish lists
Post by: zerosum on October 31, 2014, 01:40:17 am
More like I am 5 (as I am, give or take). Who does what?

3rd party starts selling random stuff on Amazon. (Let's call her Rune for now). She takes $ and bitUSD...

I do not know I need more info, please.
Title: Re: BitUSD on/off: amazon wish lists
Post by: toast on October 31, 2014, 01:51:08 am
An amazon buyer pays bitUSD to someone who buys something from amazon with bank / debit card / whatever has lowest exit fee.

It is easy for anybody to become a middleman and make a fixed cut to random people who check out in your web of trust.

"I want this $800 piece of equipment, and I have bitUSD"
"I have USD in my bank and want bitUSD"
Title: Re: BitUSD on/off: amazon wish lists
Post by: Troglodactyl on October 31, 2014, 02:22:39 am
You mean sort of like this? https://purse.io/
Title: Re: BitUSD on/off: amazon wish lists
Post by: toast on October 31, 2014, 02:37:37 am
You mean sort of like this? https://purse.io/

Yeah
Title: Re: BitUSD on/off: amazon wish lists
Post by: Mysto on October 31, 2014, 02:58:07 am
 +5%
Title: Re: BitUSD on/off: amazon wish lists
Post by: zerosum on October 31, 2014, 05:08:57 am
OK let me try to see if I am in the way of getting it.

VOTE (and KeyID) got really exiting because they can do the following:

-I log in my VOTE/KeyID client. I go on Amazon from there and I decide that I am ready to buy 'something-something'. I 'post' (in the VOTE/KeyID client) that I am willing to pay for that purchase with bitUSD (also sating that I am ready to pay 0.5% fee to the hard cash payer).

-Somebody else logged in the VOTE/KeyID client, sees all parties willing to purchase something using bitUSD (as well as the  'devotion' rating of their account  :) ); They chose a transaction, lock it (for 10-15 min, lets say) and make the actual payment for that purchase using their $ credit card or $ checking account or whatever source of $).

-Upon confirmation from Amazon that the payment is received, the VOTE/KeyID credits their (the regular currency (hard cash) payer)  account with the amount USD paid + a % they have requested for the service.

Is that close?