This will be very beneficial to STEEM growth. It is important to get projects like this running and to get the community support.
I have a question for @hyperfundit or anyone.
If I have a big ticket virtual item for sale or even a physical item, It would require a trust account managed by a middle man. This way money is held and guaranteed to the seller once the item is delivered to the buyer. Does this shop have something like this? If not, where can I find something like this?
Yes, we believe the more we can demonstrate the use of steem/sbd in making product purchases, the more valuable steem/sbd would stand as a currency!
Regarding expensive sales and physical items, we're aiming to address the trust issue with a community-driven effort. We incorporated a review system designed to build credibility for each individual seller. Granted, the common seller is going to have to start with small sales and earn their trust with buyers.
In phase 2 we'll roll out a whitelist, blacklist, and membership for sellers to further ensure legit/trustworthy sellers.
We're looking to eliminate the need for a middleman to allow for scalability. We hope this works as intended, but like any beta, we'll have to test and adjust accordingly.
In your experience, do you think it'll work?
Thank you for sharing your thoughts :)