That's one step ahead. How did you decide to trust the individual ? Do you mind sharing your terms of agreement. Very helpful.
Just a thought how about Steemit facilitates the transactions with an algorithm ?
Here is my thought on how it should work
- A and B decide to signup a deal and open up a new deal
- A and B decide on the terms and agree upon the same. If one of them denies, the deal is called off. Both get enough amount of time to agree to the deal terms. #FirstMutualAgreement
- Both act on the transaction where the amount is locked for certain time. #SecondMutualAgreement
- After verifying the transaction both of them confirm the deal only after which the money is transferred. #ThirdMutualAgreement
Now I am confused if this is still centralized or decentralized. Experts please comment.
If you read this article carefully, and the other articles in this series linked near the beginning, you can learn a lot of the details and the thinking that went into these transactions. Thus far, all have been quite successful, but it does take a level of trust at this point.
However, the sequence you describe fairly closely pictures a transaction that could be facilitated with an automated escrow service. I believe such a service could be encoded fairly readily. I am beginning to learn more about working with and coding for Steemit, and if no one else creates such an automated service, perhaps I will eventually get around to it.
I think trust is why we want a decentralized platform. I don't trust the banks even a penny. Also I think fees would be required to facilitate these transactions. Will have to think of an innovative way to keep it free.
Contributing towards coding for Steemit, that's an interesting point you brought in. I'm a software developer myself and pretty passionate towards contributing towards the blockchain world. Can you help me understand the technology stack required.
I can't help you much yet....
Other than to point you to my recent article on creating the latest version of my Steemit Library. In that article, you'll find references and information about SteemSQL, which along with Python will give you quite a lot of access to the Steemit blockchain.
Steem web resources blog. I'll go through it over the weekend.
That's not the one I meant, but that probably has a lot of good info also.
This is the article I was talking about: