A Bitcoin Marketplace for everyone

[BitBeep]

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A Bitcoin Marketplace

Today is the 29 Oct. 2021 19:38
Last bitcoin block: 00000000000000000007cfd8769da0ae02d821208930632cb4e3a518db5d7a9d

Introduction
Imagine a Bitcoin marketplace that is not fully controlled by the admin.
The idea is simple: Make a legal marketplace where everyone can buy and sell.

Silkroad
Silkroad had the same idea but they had a couple problems:
They were the first
They had illegal category's.
The staffs could steal bitcoin from the escrow.
Captcha leaked data from the server.
I'm not saying Silkroad was bad but they had they issues.

Accounts
To ensecure privacy of users, only vendors have
a account. Users cannot be phished. If the users
want to safe they shopping cart they get a
base58 encoded ID that can be shared.
It works like a fingerprint and same input
will be return the same output.

Decentralization
We can make the market decentralized.
The biggest problem is probably that everyone is
marking a market and no one will ever buy really
from it or abuse the technology.

Tor and onion
If we want to stay mostly censorship free
we could create a hidden service.
Probably the most users will be won't using
tor, so we need a proxy site in the clear net or
just an clear net site without a proxy.

Votes
When someone has a new idea (in a forum, social media, etc.)
a vote will be created. Note: I don't have a idea for a vote system yet.

Multi signature Escrow
Every order get a new bitcoin address that is secured
by 2/3 Multi signature. If the vendor don't send the
product to the user it can report the scam. The 3th party
(the marketplace) can sign with the user and send the bitcoins back.

Lottery
This wont be a popular opinion, users can donate to the marketplace by
sending bitcoins to the donate address. A different way could be a lottery.
The hash of the last bitcoin block will be encoded and the last 12 numbers of
the encoded hash will be used as the lucky number.

Code:

$hash = '00000000000000000007cfd8769da0ae02d821208930632cb4e3a518db5d7a9d';
echo sprintf('%0.0f',hexdec($hash)), 0, 12); // Result

Fees
The marketplace is mainly paid by fees. If a vendor has a high level they pay less fees.

Levels
The Vendors can level up with every feedback or order they get.

Code:

'xp' => [
    'xp_per_feedback' = 15, // Every feedback
    'xp_per_1000_sat' = 50, // 5 USD => 0,0001 => 1000 => 50 XP

]

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This message is not so relevant that is need a PGP signature! But to be shure check the signature above
If you are interested write me a PM
EDIT:
Today is the 1 Nov. 2021 22:01
Last bitcoin block: 00000000000000000000c0b572b62748dbc6c0611add60eac2022959c9f04381
This wont be a decentralized marketplace. The goal is to create a fair and most community ridden with just a little help from the staffs (admins, moderators etc.)

Donations: bc1qv6hvawdpy4jyatgh6n52prfnx3p0qehznxgx3ckp29n7yztluczspwffy8

[1715117052]

1715117052

[1715117052]

1715117052

[BitBeep]

Update! I currently have a simple PHP site with most of the user frontend done.

[SFR10]

Decentralization
We can make the market decentralized.
The biggest problem is probably that everyone is
marking a market and no one will ever buy really
from it or abuse the technology.

The biggest problem with such marketplaces is the fact that most of the previous ones that announced themselves as decentralized platforms, turned out to be centralized ^{[to an extent]}!
^{- Would you mind giving an in-depth explanation in regards to how you'd be tackling that issue?}

Note: I don't have a idea for a vote system yet.

That's the tricky part ^{[e.g. clean/real votes]}.

Multi signature Escrow
Every order get a new bitcoin address that is secured
by 2/3 Multi signature. If the vendor don't send the
product to the user it can report the scam. The 3th party
(the marketplace) can sign with the user and send the bitcoins back.

- How are you planning to choose/hire the escrow providers?
- How can you be sure that the escrow provider doesn't have any connection to the vendor or the buyer?

Fees
The marketplace is mainly paid by fees. If a vendor has a high level they pay less fees.

Levels
The Vendors can level up with every feedback or order they get.

What's your plan in regards to dealing with fake ones?

[pooya87]

The biggest problem with such marketplaces is the fact that most of the previous ones that announced themselves as decentralized platforms, turned out to be centralized ^{[to an extent]}!
^{- Would you mind giving an in-depth explanation in regards to how you'd be tackling that issue?}

I would like to hear it too.
But so far there are some contradiction characteristics in OP. For example you can't claim decentralization and have "accounts" or receive "fees". There is also some problem with claiming "legality" because that suggests a centralized authority that doesn't let anything illegal be exchanges on that platform, in a decentralized marketplace you can't prevent people from doing so.

Another thing I would like to know about is if this is server-less or will OP (or the centralized authority) run some servers where people have to visit to sign up (vendors) and buy stuff.

[ABCbits]

Introduction
Imagine a Bitcoin marketplace that is not fully controlled by the admin.
The idea is simple: Make a legal marketplace where everyone can buy and sell.

Decentralization
We can make the market decentralized.

If the protocol has admin, i seriously doubt it's decentralized. Besides, i don't know how would the marketplace could be both legal and decentralized. All i could think is implementing black list or ignore list on client software.

[robelneo]

Update! I currently have a simple PHP site with most of the user frontend done.

This is something new would like to see how it is done just be sure to create an FAQ page or a video introduction and instruction because this is new, you have to take into consideration that not all of buyers can understand how it works at first glance, an innovative idea like this is worth launching.

[BitBeep]

Decentralization
We can make the market decentralized.
The biggest problem is probably that everyone is
marking a market and no one will ever buy really
from it or abuse the technology.

The biggest problem with such marketplaces is the fact that most of the previous ones that announced themselves as decentralized platforms, turned out to be centralized ^{[to an extent]}!
^{- Would you mind giving an in-depth explanation in regards to how you'd be tackling that issue?}

Note: I don't have a idea for a vote system yet.

That's the tricky part ^{[e.g. clean/real votes]}.

Multi signature Escrow
Every order get a new bitcoin address that is secured
by 2/3 Multi signature. If the vendor don't send the
product to the user it can report the scam. The 3th party
(the marketplace) can sign with the user and send the bitcoins back.

- How are you planning to choose/hire the escrow providers?
- How can you be sure that the escrow provider doesn't have any connection to the vendor or the buyer?

Fees
The marketplace is mainly paid by fees. If a vendor has a high level they pay less fees.

Levels
The Vendors can level up with every feedback or order they get.

What's your plan in regards to dealing with fake ones?

Thanks for the feedback (i really need that),

1. Decentralization
Projects like BitBazaar work on this problem but
if the market is centralized the community can
lead the market and staffs can moderate the market
without having access to the major baking (bitcoins, ...).

2. Multi signature Escrow
We simply use our own. The Vendors have a PGP and can more, maybe a mnemonic, uuid, auth token etc....

3. Levels
The feedback can be approved by the community, like Reddit. If anything suspicious happen staffs can handle it.

[BitBeep]

Introduction
Imagine a Bitcoin marketplace that is not fully controlled by the admin.
The idea is simple: Make a legal marketplace where everyone can buy and sell.

Decentralization
We can make the market decentralized.

If the protocol has admin, i seriously doubt it's decentralized. Besides, i don't know how would the marketplace could be both legal and decentralized. All i could think is implementing black list or ignore list on client software.

Thanks for your feedback  ,

The market probably wont be. Take a look at Silkroad, it had multiple owners. This project wont be the new bitcoin marketplace that is running for more than 50 year on a blockchain.
It is a free market that is fair to anyone and letting the community decide most of the actions.

[BitBeep]

Btw. i will soon make a new post about a better "whitepaper"

[pooya87]

staffs can moderate the market

It is a free market that is fair to anyone

It won't be free or fair to anyone, at least not for long. If there is centralization, there will be discrimination.
For example what are you going to do when some government contacted you and demanded that you censor your marketplace for certain people, maybe they are coming from a sanctioned country or a country that the said government is at some silly trade war with?

[SFR10]

if the market is centralized the community can
lead the market

The community might be able to propose certain stuff, but only you can lead or rather choose its path.

We simply use our own. The Vendors have a PGP and can more, maybe a mnemonic, uuid, auth token etc....

AFAICS, there's "at least" one way ^{[directly or as a workaround]} for every single one of them that "doesn't" prevent an inside job from taking place ^{[unfortunately]}.

Thanks for the feedback (i really need that),

Thank you as well for your answers.

[BitBeep]

staffs can moderate the market

It is a free market that is fair to anyone

It won't be free or fair to anyone, at least not for long. If there is centralization, there will be discrimination.
For example what are you going to do when some government contacted you and demanded that you censor your marketplace for certain people, maybe they are coming from a sanctioned country or a country that the said government is at some silly trade war with?

That are some good points.

The first way to prevent discrimination the vendors won't get a username,
they get a 18 hex digits long username: 38e1236d4b389f7c75 or 0x38e1236d4b389f7c75
The only way is a short link like https://example.com/vendor

Simply disallow anything outside the market community forum,
add a random ID for every post and user and no users can be discriminate.
The staffs / admins need to add the idea except it is a idea like risking user
privacy or something that is risking users security etc.

The first way to hide the market is TOR, the second is to rotate the host services/server.

[eckmar]

You are contradicting yourself quite a lot. You can't have staff/admins and being decentralized at the same time. Having someone moderate the content is the opposite of decentralization. Same goes for Tor hidden services or servers in general, you can't have those as well. I suggest spending some time researching the terms etc before starting any project.

[BitBeep]

You are contradicting yourself quite a lot. You can't have staff/admins and being decentralized at the same time. Having someone moderate the content is the opposite of decentralization. Same goes for Tor hidden services or servers in general, you can't have those as well. I suggest spending some time researching the terms etc before starting any project.

I added this:

Today is the 1 Nov. 2021 22:01
Last bitcoin block: 00000000000000000000c0b572b62748dbc6c0611add60eac2022959c9f04381
This wont be a decentralized marketplace. The goal is to create a fair and most community ridden with just a little help from the staffs (admins, moderators etc.)

[The Cryptovator]

What exactly is new that doesn't exist in the existing marketplace? Multi-sing wallet? It's just the same as Fiverr. Because multi-sign wallet means you must sign the transaction if the buyer refuses to do. So here is come censorship, you have to investigate who did the fault. It's the same on Fiverr if the buyer has no dispute then the fund will be released to the seller. If buyers dispute then they investigate it manually and decide what to do. If you need to prevent fraud there is no alternative to censorship. So ultimately the marketplace just likes the same existing centralized platforms. Just a multi-sign wallet wouldn't make if difference.

[BitBeep]

What exactly is new that doesn't exist in the existing marketplace? Multi-sing wallet? It's just the same as Fiverr. Because multi-sign wallet means you must sign the transaction if the buyer refuses to do. So here is come censorship, you have to investigate who did the fault. It's the same on Fiverr if the buyer has no dispute then the fund will be released to the seller. If buyers dispute then they investigate it manually and decide what to do. If you need to prevent fraud there is no alternative to censorship. So ultimately the marketplace just likes the same existing centralized platforms. Just a multi-sign wallet wouldn't make if difference.

Thanks for your feedback.

This market has more privacy than other markets (read the other post above).
Everyone can sell products, if you are a serious seller you will get a high level and more abilities.
The vendors with a high level get to the top (without buying any ads on the market).

I update the post soon, so everything is clear

[Kakmakr]

So a problem I might see with your implementation of the voting system, might be a rouge group that might use this voting system to exploit the changes that might be pushed to the "protocol" or the software.

We currently see bots and people being paid to "like" or "vote" for a specific change on other platforms, so why should this be any different with your system? (We even saw people using cloud services to simulate full nodes to push a specific fork)  

How do you validate legitimate votes?

[BitBeep]

So a problem I might see with your implementation of the voting system, might be a rouge group that might use this voting system to exploit the changes that might be pushed to the "protocol" or the software.

We currently see bots and people being paid to "like" or "vote" for a specific change on other platforms, so why should this be any different with your system? (We even saw people using cloud services to simulate full nodes to push a specific fork) 

How do you validate legitimate votes?

I did some research and maybe i add some PoW.

[xaexv001]

Interesting,
I've tried to use Particl Marketplace v.3.1, and it's something you could take a look in to and get some ideas for your marketplace project.
Although, having Particl aready running with all the bells and whistles being implemented atm, and waiting in the road map particl.io, I'd rather join and help this product if you have the stuff needed, then start a new one of such complexity all by myself.
Check this thread here: https://bitcointalk.org/index.php?topic=5227333.0