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Author Topic: NXT Freemarket is the BEST available option for a decentralized marketplace!  (Read 1418 times)
blackyblack
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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.
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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.

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Brangdon
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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
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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.
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