Re:Overstock.com Is Now Accepting Bitcoins
by jnbiche on Tuesday January 14, 2014 @08:55AM
(#7057009)
I absolutely think the only feasible business model for arbitrators is to charge a fee for each transaction. Otherwise, how can they afford to spend the time and money to investigate a dispute properly?
People are not going to want to pay for more than the cost of an item when there is a dispute, yet it could cost many more times the value of the disputed item to conduct a proper investigation and produce a fair arbitration.
Great project, by the way. Thanks for releasing it open source!
People are not going to want to pay for more than the cost of an item when there is a dispute, yet it could cost many more times the value of the disputed item to conduct a proper investigation and produce a fair arbitration.
Great project, by the way. Thanks for releasing it open source!