Ethalo(BitBay marketplace) – Double Deposit Escrow (DDE) is the only decentralized marketplace in the world that does not rely on escrow agents. The two parties deposit against each other making fraud or theft impossible. It has over 10 years in operation with no hacks and AI moderated web markets.
DDE is absolutely incredible, BUT the problem is some users aren’t understanding the niche. Everyone knows there is scams everywhere and theft everywhere, but westerners who have the money to invest are spoiled!! They are used to Amazon and Ebay who rake in 10% or more on every deal to “protect” them, not realizing they pay big money to them like a mafia. They aren’t always paying attention to the markets that NEED DDE.
For example, cash for coins has literally no markets that aren’t scams. The problem is so bad that everyone has to do KYC AML and very serious threats to platforms exist on money laundering. Yet DDE circumvents this entirely!! We are looking for partners for our marketing and rebrand a product for over the counter OTC cash deals.
Other DDE niche markets: gold sales, African logistics deals(that usually end up with investors being scammed), international contracts(constantly people get scammed here and no viable escrow exists to confirm if someone is lying). Why don’t lots of people act on DDE? In our experience, it’s because they are afraid the other party won’t do business with them if they don’t send cash first. And usually when the party is a scammer they will absolutely avoid DDE. We have tried before to do DDE with some people and they sometimes will say yes, but other times they run away because they always planned to steal from us.
Investors need to be educated in the serious risk of being stolen from and lied to by partners, but they always say “if we don’t trust them we won’t invest”. But they don’t trust the people they do business with because they write fxxxxxx 20 page contracts to cover every single case in which they can get defrauded and when fraud happens they don’t sue anyways because the cost of the lawsuit is too expensive. So DDE would have protected them. What investors need to understand is the DDE system is whitelabel, they can build any platform they want with it, with Alien Puppies as the engineers. It’s also got a great use case in military contracts because of clandestine operations where they cannot risk failure.
DDE is a peaceful way to get the win-win result. The financial bond helps protect them during mission. Even escorts can use DDE. Then the person never gets scammed by the girl and she always gets paid! We have the DDE product. The key is educating the clientele.
BitBay is one of the worlds oldest altcoins and it is the only coin with the ability to force its supply to match its demand letting users set whatever price they want for the currency by voting or algorithms. It is the perfect tool for a decentralized bank making it even harder money than Bitcoin. It also had the worlds first smart contracts and decentralized marketplace.
NightTrader is the first true Bitcoin based decentralized exchange which cannot be hacked as it gives users control over their accounts. It has the same speed as a centralized exchange with better security.
What most readers of our site are uneducated and don’t understand is there is almost NO BITCOIN decentralized exchanges. The exchanges that are decentralized usually work for Ethereum and Binance and other tokens and networks, but not for Bitcoin.
That’s why the exchange we have that we can sell is important, because it’s one of the few designs that gives the user a key until clearance other than “atomic swaps” which oddly are not that popular, because they are a bit slow.
Protection of Bitcoin users shouldn’t be low priority to investors and exchange operators.