Re:Show HN: Retail Store that runs on Ethereum
by ThrustVectoring on Friday June 23, 2017 @02:24PM
(#14621434)
What? Yeah they can. Have an escrow that releases the sale price to the seller and additional security deposits to both parties when the buyer sends proof that they received a nonce shipped with the physical item. You can even add a refund mechanism by allowing the buyer to send back another nonce along with the returned item, which when redeemed returns all escrows back to whoever originally paid in.
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Re:Show HN: Retail Store that runs on Ethereum
by recursive on Friday June 23, 2017 @02:37PM
(#14621559)
The buyer wouldn't receive the nonce until they received the physical item, at which time they could claim they did not receive it.
Re:Show HN: Retail Store that runs on Ethereum
by zeroxfe on Friday June 23, 2017 @02:44PM
(#14621638)
That's why you have the additional security deposits.
Re:Show HN: Retail Store that runs on Ethereum
by peculiar on Friday June 23, 2017 @03:28PM
(#14622057)
There is a saying that goes "If it's not broke, don't fix it". What problem are we solving here exactly by replacing a centralized Shopify / Amazon / E-bay by the solution you've described? Is it better from the common user's perspective?
Re:Show HN: Retail Store that runs on Ethereum
by openasocket on Friday June 23, 2017 @03:25PM
(#14622031)
That could work. But I think the nonce is redundant, the buyer just has to say they received it in an authenticated manner.