superstore icon indicating copy to clipboard operation
superstore copied to clipboard

Escrow + Dispute Resolution

Open BitcoinBrief opened this issue 1 year ago • 1 comments

A variation on the Celebrity Escrow model (congrats on PlebFi win, btw!) is to replace the single celebrity with a panel of sellers/buyers/marketplace community members who vote on who gets the funds. eBay used this community court system in India with success (See Page 6 of this article).

The panel can be incentivized through fees from the escrow. Fidelity to the process can be increased by requiring panel members to stake bitcoin that is forfeited if a member votes in the minority, and transferred to the members who voted in the majority.

I've put together a dispute resolution system with these features for reviewing and adjudicating FOSS bounties: https://github.com/BitResolve/Bounty-Adjudication-System. I think a similar system could be deployed to P2P marketplaces like Magic Web Store.

BitcoinBrief avatar May 27 '23 12:05 BitcoinBrief