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134 sats \ 3 replies \ @cascdr 27 Mar \ on: What would you build with an escrow API? bitcoin
My parents almost got stiffed on a huge real estate sale. I wonder how the incentives/behavior would have changed if they had to put up hard money as collateral they could only get back upon review of a private (cheaper) third party arbitrator instead of our joke of a civil court system.
Man, I’m so sorry. I know that industry inside and out - I worked in construction and real estate for over 10 years.
The BitEscrow API is non-custodial and you can assign (and if you want to, multiple) third party agents, so the chance of this happening is much much lower.
It’s a real shame that we can’t even trust the court system to help us retrieve funds. That’s why BitEscrow is trustless, so you don’t have to rely on trust systems.
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I think the biggest barrier to this outcome of BE soaking up significant market share here would be trust.
If you could demonstrate good track record of fair outcomes at a lower cost it's game over. I think as the older generations die off and their millenial and Gen Z kin are the ones that have to do the real estate deals, trust becomes more likely.
Rooting for you guys.