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0 sats \ 7 replies \ @grayruby 16 Oct \ on: Bitcoin exchange | new territory idea AskSN
I don't think you need a new territory to execute a peer to peer transaction with someone. I am sure this something @k00b has zero interest in SN being the middleman for in any way.
Name the existing territory such a bounty would be posted to.
I'm not proposing that SN become a middleman, no more than Facebook or Craigslist are middlemen. I'm not describing or proposing an escrow service or system of dispute mediation.
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I don't see why you couldn't post a bounty in Bitcoin.
I mean middleman in the sense of having to potentially moderate bad behaviour, mediate disputes and make an effort to protect people from scams more than a transactional middleman.
That's aside from the potential legal issues this might create for them.
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If you did that you'd need to restate the rules repetitively, and different people would set slightly or dramatically different terms.
Simple protocols for conducting these exchanges are useful because they can be argued about until optimal terms and processes are agreed by the widest group of people, and thus rough consensus reduces friction. Basically people know what to do and what to expect without needing to read the entire post, and if one party deviates from the protocol and there is a mix-up that results in loss of funds they can't claim that the other party was wrong, whoever deviated from the terms of the territory is by default in the wrong.
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Why would this require hosted wallets? Again, I'm not talking about an escrow service. You zap the bitcoin-buyer directly with a message attached to the zap that allows them to send the voucher to you.
SN would not be an intermediary. The person doing the work would be the person who puts up the bitcoin to start the territory and then moderates it.
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Fair enough, but there are subreddits that do the same, but are full of scams. I don't think it's much different.
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