Rein – Working for Bitcoin, a Routine Job – Part 3/4

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Download the client at http://reinproject.org

This is the third video in a four part series. In this video, you’ll see a routine job go through post, bid, offer, deliver, and accept phases.

0:43 – Bob posts a job (rein post)
3:15 – Charlie bids (rein bid)
4:43 – Bob offers Charlie the job (rein offer)
7:08 – Charlie delivers on the job
8:08 – Bob accepts Charlie’s work
8:49 – Signing payments with Coinb.in for Rein
11:14 – Get info the local user or a job (rein status)

The last video shows the dispute and resolution process of Rein which is at alpha version v0.1.0 for this series.

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Rein is an experiment in decentralized labor.

For years demand has been growing for decentralized markets, but even as the need has become clearer, it remains unfulfilled.

Centralized markets have come and gone while decentralized projects like OpenBazaar have an overly broad mission that ignores the key value proposition for Bitcoin and decentralized markets.
Nobody can stop your Bitcoin payment from being confirmed. Similarly, nobody can stop trade in a decentralized market.

Just as using Bitcoin for storefront retail misses the point, so too does the use of a decentralized market to sell pet food or cookies. It makes for a nice tweet, but risks distraction from greater economic impact.

Rein brings together Bitcoin, multisig escrow, microhosting servers, ECDSA-signed documents and balanced incentives to create a decentralized labor market. With it, we have the potential to grow trustless trade, improve accountability, and reduce friction.

If you want to try out the alpha, download the client or visit http://reinproject.org

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