What is bitworkers

in #introduceyourself3 years ago (edited)

Welcome to bitworkers

bitworkers is a project that creates securities by escrowing bitcoins into gold using the Vaultoro System

Think about the following scenario: you want to buy a house with your bitcoins or any shapeshiftable altcoin. Someone will need to hold that value while papers are being transferred, right? Otherwise, you'd have to know and trust the person you are dealing with. bitworkers is aimed to provide that security by escrowing the bitcoin amount sent, as gold, so that the value of it remains safe from major volatility losses while the paperwork gets done. Once property is transferred and both parties agree, the payment is released in bitcoin at the precise value it was bought back at the time of the escrow. A major change on purchasing escale.

Understand the concept and see all our publications here: https://www.facebook.com/bitworkers/


Our Current Splash Page

The project is under development. It uses MeteorJS as framework, MongoDB and we plan to host it at Galaxy aiming for scalability, security and performance.

The Idea is Quite Simple

To trade by securitization, the user creates an Activity regarding a good or service. Another interested party purchases the Activity turning it into a Security. After that, the seller takes all necessary steps in order to transmit full ownership of the good or simply providing the purchased service. Buyer then verifies that all steps have been correctly taken and releases the escrow. It allows for safe trading in any level desired!

Keep reading

This article continues at: https://steemit.com/bitcoin/@bitworkers/bitworkers-main-work-system-and-the-need-for-escrow

Donations to speed up development may be done in bitcoin: 1DMuG1j62hphsxZaUEiiAdsTQCBXfBbAWS

Eduardo Capanema


Project is currently under development.

Cool idea! I'm looking forward to hearing more :)

Thanks, elementm! We are currently developing the web app. It will allow for anyone to post Activities (anything at all to sell or trade or even projects and work force) and interested parties will be able to purchase the Activities turning them into Securities by escrowing. Imediatelly after the escrow, we transform incoming crypto into gold to safeguard against volatility. Once all steps are done, we transform gold into crypto once again and release the value to the seller. :)

Dudes, I'd REALLY love your opinion!!! How can I make this project better? What do you believe are good solutions to be implemented during this developmente phase!!! Any drop of info would be highly appreciated!
@xeroc @guerrint @cass @steemdrive @infovore @allasyummyfood @manthostsakirid @dollarvigilante @arhag @riensen