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Author Topic: Decentralized marketplaces will put Amazon out of business  (Read 445 times)
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November 08, 2018, 10:57:12 PM
 #21

Amazon and Bezos are not going away anytime soon. Crypto has to be highly adopted before anything change comes to that sector.



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November 09, 2018, 03:15:51 AM
 #22

It is the middlemen who currently run this world.

Easiest way to make money.

1. Find a product that's valuable.
2. Buy the same thing at a lower price by purchasing in large quantities.
3. Sell individual units at a profit.

The giants Amazon, Alibaba, Costco, Walmart, ETC. all exploit this tried and true method of creating value.

I also sell products wholesale on Amazon and can tell you from experience this works. Anyone can do it.

The thing is, once people can make transactions directly from the warehouse or the seller without the need of a platform or place at the best price and with great shipping, security, trust etc. won't all forms of middlemen become obsolete?

Everything would be cheaper and more accessible.




That is possible only in theory, but it is a possibility, Bitcoin and the blockchain have the potential to eliminate every single form of profit taking being done by middlemen, this is very powerful this means that in the future you could buy your products directly from the producer and it will reduce shipping costs and make the whole economy more efficient.
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November 12, 2018, 12:28:12 AM
 #23

I think this is too much because there are still many people who do not understand cryptocurrency to be the market for Amazon, Alibaba, Costco, Walmart and others, it will remain crowded and I think in the future the giant market can run along with other decentralized markets.
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November 12, 2018, 01:00:43 AM
 #24

Amazon is a real cancer in society. It appears to have been the cause of the demise of Toys'R'us, and it is destroying many local shops. It is starting to move on supermarket chains, and this will allow it to further its globalist initiative. We know that the banking/globalist elite are promoting eugenics, and Amazon's take over of the food chain and drug distribution could be a great help in furthering this initiative.
crypto currency can kill various kinds of businesses carried out in a monopoly manner such as banks, and buy and sell online, because crypto has a transparent system but amazon must have followed the development of crypto currencies so this could be an improvement in the online trading system because there is no currency monopoly which can sometimes turn off a product, because the value of the krypto currency is the same everywhere.
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November 12, 2018, 01:31:06 AM
 #25

Everything can happen in crypto but amazon is hard to out because that is a big company business online but if amazon accepting crypto as a payment , Amazon will become popular like others that keep accepting bitcoin as a payment. And about the buying directly to the owner of the product is really a big saving to us because the owner can give you a big discount if you buy bulk.
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November 12, 2018, 10:24:36 AM
Last edit: November 12, 2018, 11:06:01 AM by LeGaulois
 #26

Amazon is a real cancer in society. It appears to have been the cause of the demise of Toys'R'us, and it is destroying many local shops. It is starting to move on supermarket chains, and this will allow it to further its globalist initiative. We know that the banking/globalist elite are promoting eugenics, and Amazon's take over of the food chain and drug distribution could be a great help in furthering this initiative.

We have to admit Amazon creates a lot of jobs worldwide, not only with its warehouses but also on its online marketplace. There are many people making a living with Amazon and small companies "surviving" with their sales on Amazon.
Toys'R'us is just the result of the actual society buying more and more on the web. It's not the first company and not the last.

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November 12, 2018, 10:28:31 AM
 #27

Quote
The thing is, once people can make transactions directly from the warehouse or the seller without the need of a platform or place at the best price and with great shipping, security, trust etc. won't all forms of middlemen become obsolete?

I don't really understand how this necessarily ties into decentralization, because as far as I know, this can be done with centralized platforms already.

I think there are still some services or components of services that require the centralized nature of these marketplaces in order to function smoothly, such as customer support, such as conflict resolution between the buyer and the seller.

In the future, if decentralized marketplaces that carry these sort of features do pop up, then sure. The fees could be taken away from the middleman, and these centralized marketplaces could see drastic changes in their business conditions. But just like decentralized exchanges, we see various issues in terms of practical use at the moment still. Not everything in my opinion absolutely needs to be decentralized immediately. The most important aspect is still decentralizing the currency and the processing of payments, imho.

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November 14, 2018, 08:19:31 AM
 #28

Amazon seems like one of the biggest companies in the whole world right now, it is not that easy to put biggest company in the entire world to get out of business thanks to couple of new options. Standard oil was seen as the biggest company of its time and had to be torn apart for monopoly reasons, the companies that came to be after it was torn apart right now holds over a trillion dollars in value, even shredding it to pieces didn't hold those companies low.

Amazon will always be one of the big players unless something huge happens to it. Of course, decentralized markets could get a share out of it and certainly rival it but just because Amazon would have some competition at the top would mean it will go down, it will just soar with them together instead.
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November 14, 2018, 10:25:09 AM
 #29

It is the middlemen who currently run this world.

Easiest way to make money.

1. Find a product that's valuable.
2. Buy the same thing at a lower price by purchasing in large quantities.
3. Sell individual units at a profit.

The giants Amazon, Alibaba, Costco, Walmart, ETC. all exploit this tried and true method of creating value.

I also sell products wholesale on Amazon and can tell you from experience this works. Anyone can do it.

The thing is, once people can make transactions directly from the warehouse or the seller without the need of a platform or place at the best price and with great shipping, security, trust etc. won't all forms of middlemen become obsolete?

Everything would be cheaper and more accessible.


You're missing one thing, it's also beneficial for the warehouse, they don't want to ship one item at a time to thousands of different buyers, that's not the way that their business operates. Just because they could get more money that way does not mean that it is the most profitable choice for them, even if it's the most profitable does not mean it's the best choice. The current model works because people are happy with it, maybe not all people but enough people.

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November 15, 2018, 08:25:46 AM
 #30

Everything can happen in crypto but amazon is hard to out because that is a big company business online but if amazon accepting crypto as a payment , Amazon will become popular like others that keep accepting bitcoin as a payment. And about the buying directly to the owner of the product is really a big saving to us because the owner can give you a big discount if you buy bulk.
There is actually no way at all that we can even get to put some big companies out of business, and that is already way too much. There have been competitions already all over the world, so there is always a whole lot to go around when it comes to the ecommerce world.

It is understandable that times are changing, decentralization as well as blockchain technology is also hitting the ecommerce space as well, but you really think Amazon or other big businesses won't be looking into that already. Innovation is always going on everyday just to stay on top of the ladder, and I am sure once you are there, it would really take some pride only and comfort zone level of thinking to get pushed down.
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November 15, 2018, 10:15:12 AM
 #31

I think this is too much because there are still many people who do not understand cryptocurrency to be the market for Amazon, Alibaba, Costco, Walmart and others, it will remain crowded and I think in the future the giant market can run along with other decentralized markets.
I hope a lot of people know that Amazon is already a big global market and it will really take some huge level of competition to be able to get them out of business. Also, what makes you think that for a system that has already been on ground and has made a lot of name over the years, will not find a way to adjust in the long run and be able to not just sit in its comfort zone, but look out for possible threats and find a way to integrate those threats and make it a strength in its own platform, which as far as I am concerned, an already well-established business, as long as they do not slack, will always have an edge.


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November 15, 2018, 10:59:42 AM
 #32

Amazon already got his position in the online marketplace and it is ready to adapt the blockchain technology which again put it on the edge of e-commerce. Bezoz took him almost 20 years on how to figure and how to defeat the biggest retail store in the US like WalMart, Sears, CostCo and the like. Amazon is a game changer to e-comerce and some other traditional retail store are unable to catch up because they did not adopt the new technology or they are too late to adapt it that's why they are out of the game. Decentralized marketplace is very far from reality for some reasons like security, customer service, logistics and after market support.
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November 15, 2018, 03:24:39 PM
 #33

Amazon already got his position in the online marketplace and it is ready to adapt the blockchain technology which again put it on the edge of e-commerce. Bezoz took him almost 20 years on how to figure and how to defeat the biggest retail store in the US like WalMart, Sears, CostCo and the like. Amazon is a game changer to e-comerce and some other traditional retail store are unable to catch up because they did not adopt the new technology or they are too late to adapt it that's why they are out of the game. Decentralized marketplace is very far from reality for some reasons like security, customer service, logistics and after market support.

Using blockchain technology does not make something have the same appeal as a decentralized marketplace.

The problem with Amazon is everything isn't available (they moderate and ban plenty of products), they charge a lot of fees for that customer service and fast logistics.

As for your security argument, real peer-to-peer transactions without the need for a third-party, like a crypto exchange or centralized platform, would make any transaction safe and secure, and would be possible with a distributed exchange network and an escrow system. It also couldn't be moderated.

Customer service is mostly about the speed of shipping, which will be possible with evolving drone delivery.


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November 15, 2018, 05:37:42 PM
 #34

Decentralized marketplaces will never have all the resources and infrastructure that Amazon has. It's what makes Amazon competitive and valuable.

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November 15, 2018, 05:53:05 PM
 #35

I doubt that intermediaries will leave the trade market. In any case, it is often convenient for a person to buy goods in one place and pay for one parcel, rather than ordering each item with separate delivery. And if this is an international delivery, then most likely, a direct purchase will be even less profitable. Amazon is unique in that it offers users a great platform, a huge range, good customer support and logistics. And for the convenience of many people are willing to overpay.

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November 15, 2018, 06:19:50 PM
 #36

People can make transactions directly by using bitcoin or they can use it as a payment method for products and services. Bitcoin is not a platform. There must be a warehouse or seller but not without the need of a platform or place. People do not trust to the seller (God knows who he is), they trust these online platforms.

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November 15, 2018, 06:54:35 PM
 #37

I don't think that Amazon will simply go away without any fight. As I have read they already patented something regarding blockchain so it looks like they're ahead of the game for all we know. They might be expecting decentralized marketplace already and maybe has some plans already laid out in case of another innovation in online that will affect their business.




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November 15, 2018, 07:12:28 PM
 #38

Nope. This will never happen.

Amazon call themselves a logistics company primarily. That means they're experts at managing the journey from your desire to it showing up at your door. That means sourcing, stocking, advertising, transporting and if needed handling its return.

There's no way a bunch of random nutters selling their granddaughter's soiled panties or lawnmower blades can offer the same level of efficiency and service.

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November 15, 2018, 10:17:48 PM
 #39

Nope. This will never happen.

Amazon call themselves a logistics company primarily. That means they're experts at managing the journey from your desire to it showing up at your door. That means sourcing, stocking, advertising, transporting and if needed handling its return.

There's no way a bunch of random nutters selling their granddaughter's soiled panties or lawnmower blades can offer the same level of efficiency and service.

So eloquently put  Tongue I think that people easily lose sight of the added value that companies provide if it is not immediately visible to them. Amazon provide so much added value and benefit from economies of scale that the service they can and do offer is superior to that which any of those random nutters you speak of could.

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November 15, 2018, 10:51:41 PM
 #40

I really do not want to celebrate this post yet that decentralized marketplaces will create a value for humans until we have all seen it practical. For now, we may just have to keep faith with the large stores like Amazon and so on.

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