Crypto VS Classic marketplaces. Possibilities and Prospects

[hold your colour]

With the increased interest in cryptocurrencies, there are growing possibilities of their application, namely payment of bills, short and long-term investments, purchase of goods / services, etc. To me, the last one is most rational above all.
So how do feel about that guys? Are phrases like “an Iphone for X BTC” are gonna become commonplace? Are there any prospects?

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[BBjoe]

In general, the direction is quite promising. In some aspects, cryptocurrencies can surely become as a good alternative to classic payment methods, but there should be sufficient legal regulation of the sphere, and, of course, time.

[jossiel]

We have marketplace here in the forum just for this type of transaction on Goods section. It's already happening so thinking if its possible, definitely and it's already on action.

I've seen some existing marketplace that has this.

• OpenBazaar
• bitify

[56 nights]

Cryptocurrencies have not replaced the fiat currencies, but the rapid growth of cryptosphere already makes it attractive for investment and speculation. So far, Bitcoin overtakes bank deposits, but for how long?

[OrangePotato]

I am well acquainted with the OpenBazaar marketplace ,and I think that it’s good because it’s a network for selling goods and services directly from one person to another, which works with Bitcoin and does NOT have any centralization controlling the platform’s functionality, so you take responsibility for your own activities within the network.

[forwhomthebelltollsss]

probably I don’t know much this topic, but today it’s impossible to take any cryptocurrency seriously IMO. no state will allow to use currency that is difficult to control for any calculations

[buwaytress]

Yeah... possibilities aren't just there, they've been existing for years. Naturally, payment for goods and services are the most rational outlet, given that p2p payment was the whole reason for Bitcoin's creation (take away all economic ideology and philosophy and you have that plainness).

jossiel points out the clearest examples, all of which I've used at least once.

I'd like to point out, as a 100% crypto (mainly Bitcoin but I always accept a major currency) earning freelancer, that there's also a microcosm of people who earn and hire almost purely in Bitcoin. That's a prospect right there that's growing and has so much room to grow into.

[blackberry_pie]

probably I don’t know much this topic, but today it’s impossible to take any cryptocurrency seriously IMO. no state will allow to use currency that is difficult to control for any calculations

As long as there are states as an authority, this will not happen. Only calculations in mini groups are possible. More than that, it’s possible only for a very short period of time, because there are a lot of specialists who will create imaginary servers.

[hardt0choose]

I prefer to use Storiqa. It provides small producers the opportunity to enter the international market. The company also uses blockchain technology to create a system of honest reviews on products, which is equally important, and a multi-currency wallet simplifies international payments and reduces the barrier between sellers and buyers from different countries.

[yeah_that_guy]

probably I don’t know much this topic, but today it’s impossible to take any cryptocurrency seriously IMO. no state will allow to use currency that is difficult to control for any calculations

Why so? Venezuela released the national cryptocurrency Petro on February 2018. The issue amounted to 100 million tokens, 82.4 million of which went on sale, the rest remained with the state.

[BitcoinForAll]

I am well acquainted with the OpenBazaar marketplace ,and I think that it’s good because it’s a network for selling goods and services directly from one person to another, which works with Bitcoin and does NOT have any centralization controlling the platform’s functionality, so you take responsibility for your own activities within the network.

I am ready to argue with that comment: just because of the absence of restrictions and centralized control, the project’s reputation suffers from the very beginning of its development to this day. It is logical to assume that the most advanced representatives of the black market are gradually migrating from centralized sites to such as OpenBazaar. On the very first day of launch, several drug dealers took to the platform, that is, in addition to T-shirts or souvenirs, some sellers can already buy weed, and maybe even more terrible

[crazy_scenario]

So I still think fiat marketplaces are way better. In some fiat marketplaces customers can easily choose the option they like the most depending on a situation.

[Greenwinter]

I am well acquainted with the OpenBazaar marketplace ,and I think that it’s good because it’s a network for selling goods and services directly from one person to another, which works with Bitcoin and does NOT have any centralization controlling the platform’s functionality, so you take responsibility for your own activities within the network.

I am ready to argue with that comment: just because of the absence of restrictions and centralized control, the project’s reputation suffers from the very beginning of its development to this day. It is logical to assume that the most advanced representatives of the black market are gradually migrating from centralized sites to such as OpenBazaar. On the very first day of launch, several drug dealers took to the platform, that is, in addition to T-shirts or souvenirs, some sellers can already buy weed, and maybe even more terrible

Reminds me of the SIlk Road in a way.  People must be careful when using OpenBazaar otherwise it could have bad consequences.

[STI_2M]

The topic is great. I find the complexity of monitoring of transactions being quite a drawback. Banks and other financial organizations responsible simply don’t have any possibility of doing that, I mean they cannot monitor the issuing and movement of currencies as well as the withdrawal of transactions seem not to be possible.

[havocist]

I don’t trust crypto markets and prefer to use classic ones, but it seems that they will become much more popular in the future. At the moment, I have heard about openbazaar and modultrade several times, the reviews about the latter are not bad.

[AlbinoBlue]

So I still think fiat marketplaces are way better. In some fiat marketplaces customers can easily choose the option they like the most depending on a situation.

Yes, but cryptocurrencies don’t require any type of fees for successfully generated international transactions. Of course there is still a fee within the thing, but it’s still cheaper in the end.

[MariaKuzmina]

probably I don’t know much this topic, but today it’s impossible to take any cryptocurrency seriously IMO. no state will allow to use currency that is difficult to control for any calculations

Why so? Venezuela released the national cryptocurrency Petro on February 2018. The issue amounted to 100 million tokens, 82.4 million of which went on sale, the rest remained with the state.

Just wondering, what was the reason to release of the national cryptocurrency in Venezuela?

[YellowZapdos]

I don’t trust crypto markets and prefer to use classic ones, but it seems that they will become much more popular in the future. At the moment, I have heard about openbazaar and modultrade several times, the reviews about the latter are not bad.

I bought goods several times and always found everything I needed! And also there’re some goods at the Auction you can get for a good price.

[idythef]

probably I don’t know much this topic, but today it’s impossible to take any cryptocurrency seriously IMO. no state will allow to use currency that is difficult to control for any calculations

Why so? Venezuela released the national cryptocurrency Petro on February 2018. The issue amounted to 100 million tokens, 82.4 million of which went on sale, the rest remained with the state.

Just wondering, what was the reason to release of the national cryptocurrency in Venezuela?

One of Petro's goals is to overcome the “financial blockade” by the United States, which imposed financial sanctions against Venezuela, effectively isolating its power from the dollar system.

[DoNotTouchMyTraLaLa]

I don’t trust crypto markets and prefer to use classic ones, but it seems that they will become much more popular in the future. At the moment, I have heard about openbazaar and modultrade several times, the reviews about the latter are not bad.

Check the project a couple of times a week. So what I see now the interest in it is getting bigger day by day. Keep it up guys! Of course there’s always something to be redone or upgraded - that’s life. But overall I find it quite successful and promising.