Peer to peer cash
Worldwide cash exchanges for Bitcoin or BlackCoins using Direct Deposit, MoneyGram, Western Union, PayPal, Credit Cards, Gift Cards, or other preferred financial avenues are all possible within the BlackHalo client as well as the BitHalo client. The counter-party receiving the cash cannot break the deal. So if you live in Nigeria and they live in Brazil and you dont trust them... no problem! You can even trade cash with the beloved Mark Karpeles himself and know that your cash cannot be stolen because it is BACKED by a Halo contract. Be a guarantor! If you want to get somebody new into crypto, prove to them you have faith in them and set up an escrow where their deposit is small and yours is slightly higher than the amount. Once they send the cash release the funds. So you dont "need coins to buy cons"... want to reduce risk further with non-crypto person? Microtrade cash for coins.
Barter Bridges
This can allow for bartering on the platform. You can trade anything for anything, with full confidence that the transaction will go through. Trade sheep for cows or corn for wheat; either way you can assured that the transaction will be safe from ill-doing. Return to the barter system and back with a Halo contract!!
Derivatives and Betting
David Zimbeck explains that using two contracts, you and your counterparty can make a bet of any kind. Cancel the losing one, approve the winning one. WORLD CUP WAGERS ANYONE? Want to short a coin? Now is your chance. Discuss on the "Other" trading floor in NightTrader.
Micro-Trading
With BlackHalo, micro-trading allows you and your counter-party to put up equal deposits with a very low purchase amount. This creates a bridge from which you would send a small percent of what you and your party have negotiated. You then repeat this exchange many times until the full amount is transferred. Using this method you can transfer potentially millions of dollars using a small deposit — and still eliminating the risk. You can even give out a loan with zero risk! Confidence building exercises!
Joint Accounts
Perfect for a business or a family; share your joint accounts with your business partners or your spouse while also adding an extra layer of security that your money is safe from malicious third-parties. If needed you can take this a step further and password protect your keys with an added layer of encryption. This new innovation resembles many of the day to day banking solutions that bank accounts already provide; but coupled with the brilliance of digital currency.
Hire an Employee & Make Deposits
The employee is expected to perform, and the employer is expected to pay. In this case, the time limit enforces deliverables upon the employee meanwhile significantly increasing productivity. This becomes an invaluable design for outsourcing, with a guarantee that everything will be completed on-time to secure payment. It also guarantees that employer will pay for the work as it is completed. A win-win situation for both parties!
Trading Pairs and NightTrader Decentralized Exchange
No more Mt. Gox, no more convoluted Ripple or NXT. Now your coins never have to leave your computer! Trade Dogecoins for Blackcoins and Bitcoins for Peercoins. The sky is the limit. THE RESERVE CONTRACT SHOULD BE IN BLACKCOIN
End Charge-Back's
David Zimbeck says that now you can open a ticket in advance with the public keys from you and your counter-party. Each party sends it individually. A plug-in for Paypal could be coded in a few lines of code. This validates the escrow. YOU CAN DO THIS MANUALLY FOR BETA. Open a ticket, with paypal AFTER sending the funds while under contract, dont confirm escrow until the party tells paypal that they are in an escrow and they give their account. Then you give your account. Then release escrow. International paypal! No chargebacks!
New Change Creation System
According to David Zimbeck BlackHalo is more efficient than any other client because it looks for your “loose change” in your accounts, groups it together into one output, and pays it to you. Once you have too many pieces of loose change in your “penny jar” or once you have too many “$1 bills,” your address combines them to make a larger bill. This is exactly how cash works in the real world, and you can have all that power in your Blackcoin Wallet. It’s a denomination system that is completely necessary to peform 100s of simultaneous contracts.
Negotiate Escrow Free Real Estate Deals
In real estate, escrows have been known to disappear with the money. No longer will this be possible. Now you and the counter party can decide how you will structure that trust.
Anonymous
Both BlackHalo and BitHalo create a platform for an anonymous decentralized exchange. For example, you can send Bitcoins in exchange for Blackcoins or Dogecoins in exchange for Darkcoins, etc. Once a contract is created in Blackcoin, anything can be traded under it. This is much more anonymous than Darkcoin’s “Coin-join” and even more anonymous than XC. Simply because the two chains are totally unrelated! This allows anonymous microtrading between two parties under the same contract.
Worldwide cash exchanges for Bitcoin or BlackCoins using Direct Deposit, MoneyGram, Western Union, PayPal, Credit Cards, Gift Cards, or other preferred financial avenues are all possible within the BlackHalo client as well as the BitHalo client. The counter-party receiving the cash cannot break the deal. So if you live in Nigeria and they live in Brazil and you dont trust them... no problem! You can even trade cash with the beloved Mark Karpeles himself and know that your cash cannot be stolen because it is BACKED by a Halo contract. Be a guarantor! If you want to get somebody new into crypto, prove to them you have faith in them and set up an escrow where their deposit is small and yours is slightly higher than the amount. Once they send the cash release the funds. So you dont "need coins to buy cons"... want to reduce risk further with non-crypto person? Microtrade cash for coins.
Barter Bridges
This can allow for bartering on the platform. You can trade anything for anything, with full confidence that the transaction will go through. Trade sheep for cows or corn for wheat; either way you can assured that the transaction will be safe from ill-doing. Return to the barter system and back with a Halo contract!!
Derivatives and Betting
David Zimbeck explains that using two contracts, you and your counterparty can make a bet of any kind. Cancel the losing one, approve the winning one. WORLD CUP WAGERS ANYONE? Want to short a coin? Now is your chance. Discuss on the "Other" trading floor in NightTrader.
Micro-Trading
With BlackHalo, micro-trading allows you and your counter-party to put up equal deposits with a very low purchase amount. This creates a bridge from which you would send a small percent of what you and your party have negotiated. You then repeat this exchange many times until the full amount is transferred. Using this method you can transfer potentially millions of dollars using a small deposit — and still eliminating the risk. You can even give out a loan with zero risk! Confidence building exercises!
Joint Accounts
Perfect for a business or a family; share your joint accounts with your business partners or your spouse while also adding an extra layer of security that your money is safe from malicious third-parties. If needed you can take this a step further and password protect your keys with an added layer of encryption. This new innovation resembles many of the day to day banking solutions that bank accounts already provide; but coupled with the brilliance of digital currency.
Hire an Employee & Make Deposits
The employee is expected to perform, and the employer is expected to pay. In this case, the time limit enforces deliverables upon the employee meanwhile significantly increasing productivity. This becomes an invaluable design for outsourcing, with a guarantee that everything will be completed on-time to secure payment. It also guarantees that employer will pay for the work as it is completed. A win-win situation for both parties!
Trading Pairs and NightTrader Decentralized Exchange
No more Mt. Gox, no more convoluted Ripple or NXT. Now your coins never have to leave your computer! Trade Dogecoins for Blackcoins and Bitcoins for Peercoins. The sky is the limit. THE RESERVE CONTRACT SHOULD BE IN BLACKCOIN
End Charge-Back's
David Zimbeck says that now you can open a ticket in advance with the public keys from you and your counter-party. Each party sends it individually. A plug-in for Paypal could be coded in a few lines of code. This validates the escrow. YOU CAN DO THIS MANUALLY FOR BETA. Open a ticket, with paypal AFTER sending the funds while under contract, dont confirm escrow until the party tells paypal that they are in an escrow and they give their account. Then you give your account. Then release escrow. International paypal! No chargebacks!
New Change Creation System
According to David Zimbeck BlackHalo is more efficient than any other client because it looks for your “loose change” in your accounts, groups it together into one output, and pays it to you. Once you have too many pieces of loose change in your “penny jar” or once you have too many “$1 bills,” your address combines them to make a larger bill. This is exactly how cash works in the real world, and you can have all that power in your Blackcoin Wallet. It’s a denomination system that is completely necessary to peform 100s of simultaneous contracts.
Negotiate Escrow Free Real Estate Deals
In real estate, escrows have been known to disappear with the money. No longer will this be possible. Now you and the counter party can decide how you will structure that trust.
Anonymous
Both BlackHalo and BitHalo create a platform for an anonymous decentralized exchange. For example, you can send Bitcoins in exchange for Blackcoins or Dogecoins in exchange for Darkcoins, etc. Once a contract is created in Blackcoin, anything can be traded under it. This is much more anonymous than Darkcoin’s “Coin-join” and even more anonymous than XC. Simply because the two chains are totally unrelated! This allows anonymous microtrading between two parties under the same contract.