Why BitBay($BAY) and not eBay!!
1) BitBay is not bound by borders, as it is completely Decentralized. Anyone from any place on earth can list products for sale or purchase on BitBay's Market Place while eBay has regional limitations.
2) BitBay's market place uses an innovative double-deposit escrow system which removes the incentive for dishonest behavior, while eBay’s centralized method of arbitration doesn't necessarily provide an ultimately fair end result if something goes wrong.
Example from my personal experience:
i) I recently ordered a watch on eBay for my dad's birthday to be shipped to India and eBay confirmed the order but after 4 days eBay cancelled the order saying that the correct address I gave is not “verified” by PayPal, and when I called customer servicethey asked me to reach out the seller via email. When I emailed the seller he never replied me back and that moment I felt why the heck use eBay when they are not responsible for solving disputes, and this is exactly where a feature like Double Deposit Escrow system comes into picture.
ii)One of my friend’s ordered an item on eBay and when he received the package it had nothing but an empty box and such things can be avoided with Double Deposit Escrow feature in BitBay.
3) BitBay is an open source(doesn't take profit's from listings or trades etc..)market place that connects seller’s and buyer’s and vice versa and frees people from so called middlemen. Why pay for inferior service when you can have a decentralized solution for free?
4) BitBay has this cool feature where one can set dual password’s to a market client and hide those passwords in images(JPEG/PNG) using steganography while eBay store’s password’s in a centralized database that’s prone to hacks. Perhaps the simplest and largest improvement on private key storage I’ve seen yet!
5) BitBay allows you to share your account with your partner and sign transactions from two different computers. This “cold staking” method allows for ultimate security – a would-be hacker would need access to both PCs as well as all the keys involved to get at your coins!
6)I would say using BitBay’s Market Place is like starting your own business and reaching out to the consumers directly without any intermediaries, whereas eBay takes a considerable portion of your money for listing as fees. Again, as I mentioned before, part of those fees are portioned to the customer service department, which may not even resolve your disputes in a proper manner! The BitBay marketplace has a great future in store for it. The team is transparent, the dev has been dedicated to this project for a long time, and I firmly believe this will be one of the top performing coins in the future. If not in 2017, then 2018. As always, do your own research!
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