While SteemIT is mostly a content and social platform, I hope we can encompass a lot more tools and/or services internally providing layers of extra functionality that will be useful to users.
This post will explain how the Repholder's Manual Escrow Service (BETA) for a marketplace or simple escrow will work, until an automated one is built by someone more knowledgable in terms of the STEEM API.
This is more about brainstorming than making profit, so the service will be provided for free with a max cap of 40 SD or 10 STEEM.
Step by Step Guide
1. Create a post in the marketplace and/or escrow tags with a WTB (want to buy) / WTS (want to sell) as the start of your posts title.
Example : WTS Logos For Businesses
2. Provide the relevant details - price, delivery details (if applicable), refunds etc etc with a link to this post.
Example:
Type : Digital Item
Item: Business Logo with 4 resolutions in both - jpeg and png format
Cost : 8 SD or 2 STEEM
3. The buyer/seller will comment on the WTB or WTS post
4. The initial poster will accept the offer
5. The amount will be sent to @repholder (my account which is the escrow) with a memo to the WTB/WTS thread.
6. The person that accepted the marketplace/escrow thread offering will comment here stating he has received the goods/service.
7. I will send the relevant amount to original posters SteemIT account
As insurance I will be providing any proceeds (up to a maximum of 300SD) of this post to a trusted STEEM member, witness or the developers themselves.
You can also find me on slack most of the day @nickn.
Note: Hopefully we get this as a automated decentralized solution in the near future!!!!
automate this or just create a marketplace. that would be coool
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Yeap that's the point of the post :). I'm not a programmer but at least I can spark the idea so other more knowledgeable peeps work on it.
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I've heard that the marketplace is in works anyway. this escrow thing wont be necessary then
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https://steemit.com/sip/@dan/escrow-sip-steem-improvement-proposal
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Sounds righteous....I think ideas like this can definitely build a new community within the whole.
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Thanks, I'll give it a shot:
https://steemit.com/marketplace/@pigeons/wts-1959-topps-sandy-koufax-baseball-card-163
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Interesting idea! I think an automated Escrow service will do great for the community! It would bring a lot of service providers onboard as well not just content creators for the platform. :)
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Fantastic concept, will this eventually reach fruition?
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How does communicating contact details for shipping or digital delivery work? Do we use publicly published out-of-band methods like Slack or email to relay those through repholder? Remember the memo field is public.
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I guess slack would be the best option, the user can add his slack username after the WTB/WTS OP agrees and they can move from there.
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Step by step you get where you really want...You can reach the hole if you jump one step!
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There is an actual trustless marketplace in development for steemit.
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Interesting idea.
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Autotonamous decentralization is the future
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interesting idea. main decentralization!
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Now there is a marketplace in need of an escrow service!
https://steemit.com/marketplace/@msutyler/announcement-steemmarket-introducing-a-marketplace-to-buy-sell-and-rent-goods-and-services-with-steem
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