released
question: When a moderator currently gets involved, what happens to the funds in the address?, context: Moderator fees. One of the novel aspects of OpenBazaar is the use of third party moderators who control one of the private keys of a 2-of-3 escrow multisig address. In the current framework, moderators only get involved personally with a transaction when a problem arises, which allows the funds in the address to be released (minus a moderator fee) either to the vendor or buyer. Moderators will play a critical role in the success of OpenBazaar, and I am curious what everyone thinks a moderator should charge. I suspect that there will be two types of fees: (1) a fee to release funds to the vendor when the buyer is unresponsive, and (2) a more expensive fee to resolve disputes between the buyer and seller. Of course, there will be a large range of moderators, with a large range of skills and fees, but I am just trying to pin down what a typical "gold standard" for professional services might look like. To get the discussion started, I'll suggest 10 € (in btc) + 1% of transaction to release funds to the vendor, and 10 € + 4% of the transaction to resolve disputes.
When a moderator currently gets involved, what happens to the funds in the address?
In the current framework, moderators only get involved personally with a transaction when a problem arises, which allows the funds in the address to be released (minus a moderator fee) either to the vendor or buyer.
Moderator fees. One of the novel aspects of OpenBazaar is the use of third party moderators who control one of the private keys of a 2-of-3 escrow multisig address. In the current framework, moderators only get involved personally with a transaction when a problem arises, which allows the funds in the address to be released (minus a moderator fee) either to the vendor or buyer. Moderators will play a critical role in the success of OpenBazaar, and I am curious what everyone thinks a moderator should charge. I suspect that there will be two types of fees: (1) a fee to release funds to the vendor when the buyer is unresponsive, and (2) a more expensive fee to resolve disputes between the buyer and seller. Of course, there will be a large range of moderators, with a large range of skills and fees, but I am just trying to pin down what a typical "gold standard" for professional services might look like. To get the discussion started, I'll suggest 10 € (in btc) + 1% of transaction to release funds to the vendor, and 10 € + 4% of the transaction to resolve disputes.
In the current framework, moderators only get involved personally with a transaction when a problem arises, which allows the funds in the address to be <hl> released <hl> (minus a moderator fee) either to the vendor or buyer.
Moderator fees. One of the novel aspects of OpenBazaar is the use of third party moderators who control one of the private keys of a 2-of-3 escrow multisig address. In the current framework, moderators only get involved personally with a transaction when a problem arises, which allows the funds in the address to be <hl> released <hl> (minus a moderator fee) either to the vendor or buyer. Moderators will play a critical role in the success of OpenBazaar, and I am curious what everyone thinks a moderator should charge. I suspect that there will be two types of fees: (1) a fee to release funds to the vendor when the buyer is unresponsive, and (2) a more expensive fee to resolve disputes between the buyer and seller. Of course, there will be a large range of moderators, with a large range of skills and fees, but I am just trying to pin down what a typical "gold standard" for professional services might look like. To get the discussion started, I'll suggest 10 € (in btc) + 1% of transaction to release funds to the vendor, and 10 € + 4% of the transaction to resolve disputes.
Moderator fees. One of the novel aspects of OpenBazaar is the use of third party moderators who control one of the private keys of a 2-of-3 escrow multisig address. <hl> In the current framework, moderators only get involved personally with a transaction when a problem arises, which allows the funds in the address to be released (minus a moderator fee) either to the vendor or buyer. <hl> Moderators will play a critical role in the success of OpenBazaar, and I am curious what everyone thinks a moderator should charge. I suspect that there will be two types of fees: (1) a fee to release funds to the vendor when the buyer is unresponsive, and (2) a more expensive fee to resolve disputes between the buyer and seller. Of course, there will be a large range of moderators, with a large range of skills and fees, but I am just trying to pin down what a typical "gold standard" for professional services might look like. To get the discussion started, I'll suggest 10 € (in btc) + 1% of transaction to release funds to the vendor, and 10 € + 4% of the transaction to resolve disputes.