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0 sats \ 3 replies \ @03fc104889 OP 12 Sep 2022 \ parent \ on: Satsoverflow - earn bitcoin for answering questions bitcoin
This is the same dynamic that exists on darknet markets. New sellers have to establish a reputation before they can gain traction and sell in large quantities.
Usually new sellers start with low prices, and then they raise prices after they have built up reputation.
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10 sats \ 2 replies \ @k00b 12 Sep 2022
Don't they escrow on dark net markets?
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0 sats \ 1 reply \ @03fc104889 OP 12 Sep 2022
The escrow doesn't really help. You are putting your trust in the market administrator to arbitrate the dispute, and they have no idea or incentive on how to decide which side is right.
The best protection against fraud is a good rating/reputation system.
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130 sats \ 0 replies \ @k00b 12 Sep 2022
Fair enough. Seems like you have it figured out.
I look forward to seeing the site thrive!
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