Do we need a global virtual marketplace for cryptocurrencies?

[Indamuck]

Decentralized marketplaces and exchanges still haven't taken off.  Private companies have more incentive to advertise their platforms because of the profit motive.

Hopefully overtime decentralization will become bigger because a lot of the bigger exchanges have ended up losing customer funds and refusing to issue refunds.

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[mrcash02]

A platform is always needed to have a virtual marketplace, and the platform's creator will want a fee to keep the platform running smoothly and updated (exchanges). Think about it as they are offering you a service to make your experience in Crypto world more enjoyable and safer, and you are paying for this. The intermediary (the platform) in a market involving millions of people is a necessity.

[jetteodo]

I think that we should have a global virtual marketplace for cryptocurrencies without any intermediaries. This would lower the costs of transactions and decentralize the market. What do you think? Is that possible? What are the benefits?

What are you talking about here? Do you mean a marketplace where people can buy and sell anything with Bitcoin? If that’s what you actually mean then there is one already called OpenBazaar, and you can check it out. If that’s not what you mean then I don’t get what you mean, so you mind explaining much better so we can understand. Thank you.

[cabron]

I think that we should have a global virtual marketplace for cryptocurrencies without any intermediaries. This would lower the costs of transactions and decentralize the market. What do you think? Is that possible? What are the benefits?

What are you talking about here? Do you mean a marketplace where people can buy and sell anything with Bitcoin? If that’s what you actually mean then there is one already called OpenBazaar, and you can check it out. If that’s not what you mean then I don’t get what you mean, so you mind explaining much better so we can understand. Thank you.

Only few people knew about open bazaar and even those who already knew years ago have not even been there. I registered there years ago but up to now there is nothing there to see. What OP may have been looking for is probably an amazon kinds of marketplace or like the silkroad. Not really easy to create when scammers are always on the look out for victims to be.

[Lexurdania]

I think that we should have a global virtual marketplace for cryptocurrencies without any intermediaries. This would lower the costs of transactions and decentralize the market. What do you think? Is that possible? What are the benefits?

Right now many marketplace already accepting cryptocurrency. Beside that many project about this and its already work. Its true that cryptocurrency make cost more lower because we dont use third party like banks

[DavidNiva]

It's only possible at the highest level of decentralization which is very difficult to achieve because there almost always has to be someone behind every platform. There are as of yet no exchanges that come close to true decentralization and I doubt there ever will be.

maybe in the future there will be a very sophisticated virtual market, it is possible, if you see very fast technological advancements, there will be digital commerce that includes all types of products, and all types of crypto currencies, and all will be global, because of market changes every time it changes, and we all must always be optimistic about the progress of bitcoin in the future.

[futile-resistance]

Decentralized marketplaces and exchanges still haven't taken off.  Private companies have more incentive to advertise their platforms because of the profit motive.

Hopefully overtime decentralization will become bigger because a lot of the bigger exchanges have ended up losing customer funds and refusing to issue refunds.

I think we do not need anymore of "virtual" anything. We need a local brick and mortar shops that take bitcoin more than anything else. Japan for example is working on making crypto payments easier so that crypto adoption could rise in the country, that is a great leadership from one of the most high tech countries in the world. Lets hope more countries follow them and there would be steps taken to ensure the crypto adoption increasing.

There is a lot of money to be made from the taxes of crypto usage and countries should be taking advantage of them. There are still a lot of third world countries who do not even regulate crypto currencies. Decentralized virtual marketplaces are not the priorty right now and can be waited years before they become an important subject to any of us.

[resty]

I think that we should have a global virtual marketplace for cryptocurrencies without any intermediaries. This would lower the costs of transactions and decentralize the market. What do you think? Is that possible? What are the benefits?

Based on the statistics many users of crypto currency are aware of Crypto currency some of them are still FUD but because of a big chances to get a huge income they are continue support even not too much secured  so I guess we need to have a global merket place for crypto currency.

[wuvdoll]

I think that we should have a global virtual marketplace for cryptocurrencies without any intermediaries. This would lower the costs of transactions and decentralize the market. What do you think? Is that possible? What are the benefits?

What you mean by virtual marketplace ? A marketplace which is existing only for internet usage ? Or buying and selling from your home but not having a business place or shop ?

Basically we all need a marketplace which will be accepting bitcoin or any altcoins payments and sending us goods without any problems. In other words, we just need amazon kind of market giants to accept crypto payments. Nothing else. We are not having any such big marketplace is existing but through gift-cards you are already doing that.

A marketplace does not need to be a decentralized one but in my opinion a marketplace should accept crypto currency payment that is a lot more important than being a decentralized one. I believe anyone can sell from amazon then why we need something new ? I guess we may ask for bitcoin payments in ebuy which is a kind of controlled decentralized place where anyone could buy or sell.

[cizatext]

Cryptocurrency is an a digital currency that has no virtual representation and at that having a virtual market place for it is an unnecessary development due to the fact that it transactions does not require any physical input and it is done basically on the blockchain network which is a digital bank. On like gold and other commodities that have physical value which is traded on virtual market.

[dangerousdanjon]

I think that we should have a global virtual marketplace for cryptocurrencies without any intermediaries. This would lower the costs of transactions and decentralize the market. What do you think? Is that possible? What are the benefits?

Right now many marketplace already accepting cryptocurrency. Beside that many project about this and its already work. Its true that cryptocurrency make cost more lower because we dont use third party like banks

Exactly. The market in many countries is accepting the cryptocurrency but if there is a global virtual market, it might add more to the efficiency of the cryptocurrency and might bring more ease and reliability.