Bitcoin Forum
June 16, 2024, 03:48:48 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: NXT Freemarket is the BEST available option for a decentralized marketplace!  (Read 1574 times)
blackyblack
Sr. Member
****
Offline Offline

Activity: 377
Merit: 250


View Profile
July 02, 2015, 08:32:57 PM
 #21

Maybe there could be a backpage style wrapper that uses nxt and freemarketplace
This is worth thinking about.
tyz
Legendary
*
Offline Offline

Activity: 3360
Merit: 1533



View Profile
July 03, 2015, 07:40:31 PM
 #22

NXT Freemarket is indeed the best decentralized market solution by now. it only lacks on less buyers and sellers.
Brangdon
Sr. Member
****
Offline Offline

Activity: 365
Merit: 251


View Profile
July 04, 2015, 09:24:51 PM
 #23

From an incentive standpoint, those kinds of people are the ones who'd be most interested in a marketplace that can't be shut down. Lower fees aren't the killer feature that many hope for, as eBay's high fees go with its huge network effect plus "Trust and Safety." The sad fact is, a lot of eBay clones have been launched and virtually all of them have failed for the same reason: no buyers to speak of. Sad but true.
eBay does add value in the form of a moderation service. Generally it favours the buyer, so you can buy with some confidence that you will get what you paid for, or your money back. That's important. Even the Silk Road was moderated, I gather (I never used it myself). The Nxt marketplace has nothing like that. It doesn't even have a formal reputation system. I'm not even sure if phased transactions help with third-party escrow. So it's far from a complete marketplace solution.

Bitcoin: 1BrangfWu2YGJ8W6xNM7u66K4YNj2mie3t Nxt: NXT-XZQ9-GRW7-7STD-ES4DB
blackyblack
Sr. Member
****
Offline Offline

Activity: 377
Merit: 250


View Profile
July 04, 2015, 10:06:17 PM
 #24

From an incentive standpoint, those kinds of people are the ones who'd be most interested in a marketplace that can't be shut down. Lower fees aren't the killer feature that many hope for, as eBay's high fees go with its huge network effect plus "Trust and Safety." The sad fact is, a lot of eBay clones have been launched and virtually all of them have failed for the same reason: no buyers to speak of. Sad but true.
eBay does add value in the form of a moderation service. Generally it favours the buyer, so you can buy with some confidence that you will get what you paid for, or your money back. That's important. Even the Silk Road was moderated, I gather (I never used it myself). The Nxt marketplace has nothing like that. It doesn't even have a formal reputation system. I'm not even sure if phased transactions help with third-party escrow. So it's far from a complete marketplace solution.
FreeMarket has core ready for escrow processing. UI comes to be a bit complicated when escrow is active and some edge cases require additional testing so we decided to release coinoUSD payments first.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!