Earlier today I discovered www.mokimarket.com
Some ideas came to mind on how to make this a HUGE TOOL TO EXPAND THE USE OF BITCOIN!
Mokimarket is a penny auction site using credits that can be bought with Paypal, CC, or Bitcoin.
Each "credit" basically represents $0.01 of value.
Bidders spend a credit to place each bid on an auction.
The seller keeps all of the "credits" used for placing the bids, plus the money for the actual sale.
For example, the final bid might be $75, but in reality hundreds of dollars were collected by the seller durring the auction process.
If MokiMarket were to use BitCents instead of credits, it would be an amazing way for people to buy sell whatever they want using bitcoins, and for new people to get Bitcoins without using a traditional exchange!
Every user would have their own online wallet with MokiMarket.
Each time a user bids on an auction, MokiMarket will transfer one Bitcent from the bidders wallet to the sellers wallet.
Just add an Ebay style feedback system, and a section for "buy it now" items, and it would allow MokiMarket to function as a giant web-of-trust for people who want to buy and sell Bitcoins for government currencies as well.
I think this could be hugely popular.
Please share your thoughts.