OpenBazaar - decentralized eBay

[btc-facebook]

Because of market dynamics. Serious arbitrators that want to do arbitrage on the long run as a "living" won't sale their reputations in the first place. Of course in a small pool it would still be fairly easy for a scammer to buy enough accounts but impossible in a large pool.

I don't think it is realistic to say that you could earn a living acting as an escrow agent in this regard. This is especially true considering that your reputation is at risk anytime you make a decision as it could appear that you are scamming (when you are really not). I have spoken to a couple of people who use escrow services on this forum and have been advised that they generally would only have a few hours worth of work from providing escrow services each week. If this is true, then in order to make providing escrow on open brazzar a "full time job" then they would (ironically) need to have (either by buying accounts or creating them) multiple accounts

[Eisenhower34]

Sam Patterson answered how this escrow reputation system will work here: https://libertyme.adobeconnect.com/p3r3kbbd7oe/?launcher=false&fcsContent=true&pbMode=normal

Basically they are still trying to figure it out. They want to introduce a pool of arbitrators that will vote to attribute an arbitrator for each case to make it harder for someone to scam and become it's own arbitrator.

This is not very reassuring, nor would it want me to be comfortable trusting my hard-earned money at the marketplace.

If an arbitrator must be "voted in" by existing arbitrators then someone could potentially buy up a lot of arbitrator accounts to create additional arbitrator accounts which would further the attacker's ability to scam.

Seems pretty far stretched IMO. Keep in mind there will be a reputation system for arbitrator. Buying a lot of good reputation to make scams wouldn't last very long before any body figure it out and all reputations of these account will be affected. That would be a very costly and risky scam operation.

Someone could buy up a bunch of accounts with positive reputation and these accounts with positive reputation would vote their "scam" accounts to be an arbitrator. The accounts that are purchased would continue to act honestly, but the accounts that were "voted in" would not be honest

It would still require the scammer to highjack the whole voting pool. How many accounts would need a scammer to vote himself as arbitrator every single time? At what cost? It still seems far stretched to me. If the arbitrators that vote are chosen through a random process among the best reputations, that would make almost impossible such attacks.

Such an attack would cost nothing. All an attacker would have to do is buy up a lot of accounts with good/a lot of reputation, use the accounts with good reputation "honestly", vote in additional accounts that can work as escrow, scam with the newly voted-in accounts, then sell the existing "honest" accounts at the same price they were purchased for (or potentially for more as they would have theoretically gained additional reputation by continuing to act honestly).

This is a very similar vulnerability that PoS altcoins have

 

You still need to put a lot of money upfront taking the risk that you'll be able to sell all of them at the same rate.
Again. It is pretty far stretch to assume someone will buy enough account to be able to highjack the whole pool.

I don't see why you say it is a far stretch that someone would buy up enough accounts like this. If someone wanted to scam, this is how they would do it.

You would need money upfront, however you would get this money back once the scam is complete. Market economics would say that the attacker would not overpay for these reputation accounts so your argument about the risk of having to sell the reputation accounts at a loss is invalid

Because of market dynamics. Serious arbitrators that want to do arbitrage on the long run as a "living" won't sale their reputations in the first place. Of course in a small pool it would still be fairly easy for a scammer to buy enough accounts but impossible in a large pool.

The size of the "pool" of accounts that need to be purchased does not matter. It would just be more difficult logistically, but still possible. I would also argue that a larger pool would make it easier to get enough escrow accounts to be able to vote in new arbitrators because it would be harder to detect that only certain accounts are voting in questionable accounts that end up scamming

[kotwica666]

Hi,

Any news about project? everywhere silence.. 

[Lauda]

Hi,

Any news about project? everywhere silence..  

5 month old thread you bumped. There is a proper decentralized market coming in the next month but it has no middle man and uses smartcontracts for trusting p2p trades with no fee's, it is Bitbay and the dev is excellent i would look into that if you was interested in ebay style decentralized markets but without the fee's..

So what? It's better than opening up a new one like most members do.
Anyhow that's off-topic. You should have presented news about OpenBazaar. I'm also interested though.

[inBitweTrust]

Updates-
https://twitter.com/BitcoinZAR/status/573803286672850944
https://www.youtube.com/watch?v=uJAt66qYfNA

Currently on beta 3.1

Beta 4.0 (The near future)

    UI and UX overhaul (Mike's changes)
    Reputation network (WoT)
    Reviews
    Tor integration
    Instant messaging integrated #192
    Login and password protection
    Search improvements
    Ecommerce tools (import products from other platforms, integrate with commerce tools)
    Private contracts / Private stores
    Add donation option (Tips to notary and/or dev team)

Beta 4 is where you will start to see more people use it because of TOR integration.

[Daedelus]

This one has already been operational for months...

http://nxtfreemarket.com/


Not sure crypto is ready for decentralized ebay, everyone prefers to keep their profiles pseudonymous. Need more average joe's before it will take off.

Unless you're planning on selling crack of course  Silkroad shows there can be some success there.

[networthsigns]

This one has already been operational for months...

http://nxtfreemarket.com/


Not sure crypto is ready for decentralized ebay, everyone prefers to keep their profiles pseudonymous. Need more average joe's before it will take off.

Unless you're planning on selling crack of course  Silkroad shows there can be some success there.

Whoah dude coming here advertising nxt giving strong opinions on what crypto needs telling us what "everyone prefers" is a sure fire way to get ignored.

For your information bazaar has been operational for quite some time also but have been upgrading and also this is a bitcoin forum where people want to spend that is right you guessed it "Bitcoin" not nxt lol

[Daedelus]

This one has already been operational for months...

http://nxtfreemarket.com/


Not sure crypto is ready for decentralized ebay, everyone prefers to keep their profiles pseudonymous. Need more average joe's before it will take off.

Unless you're planning on selling crack of course   Silkroad shows there can be some success there.

Whoah dude coming here advertising nxt giving strong opinions on what crypto needs telling us what "everyone prefers" is a sure fire way to get ignored.

For your information bazaar has been operational for quite some time also but have been upgrading and also this is a bitcoin forum where people want to spend that is right you guessed it "Bitcoin" not nxt lol

Why would you ignore me, other than to bury your head in the sand?

Do you believe OpenBazaar (minus drugs/kiddy porn/guns etc) will have everyone falling all over each other desperate to use it? There are options already that cater for that (nxtfreemarket is not the only other) and they lay fallow.

So available evidence suggests that users still prefer to use centralized options like ebay for non-criminal sales. It isn't me 'telling' anyone anything, it is the market. Do you have evidence to the contrary of user's preference?

Throw in drugs and you might have a party, it is the only proven success formula for this type of exchange.

[RocketPie]

This one has already been operational for months...

http://nxtfreemarket.com/


Not sure crypto is ready for decentralized ebay, everyone prefers to keep their profiles pseudonymous. Need more average joe's before it will take off.

Unless you're planning on selling crack of course   Silkroad shows there can be some success there.

Whoah dude coming here advertising nxt giving strong opinions on what crypto needs telling us what "everyone prefers" is a sure fire way to get ignored.

For your information bazaar has been operational for quite some time also but have been upgrading and also this is a bitcoin forum where people want to spend that is right you guessed it "Bitcoin" not nxt lol

Why would you ignore me, other than to bury your head in the sand?

Do you believe OpenBazaar (minus drugs/kiddy porn/guns etc) will have everyone falling all over each other desperate to use it? There are options already that cater for that (nxtfreemarket is not the only other) and they lay fallow.

So available evidence suggests that users still prefer to use centralized options like ebay for non-criminal sales. It isn't me 'telling' anyone anything, it is the market. Do you have evidence to the contrary of user's preference?

Throw in drugs and you might have a party, it is the only proven success formula for this type of exchange.

OpenBazaar has ZERO consumer protection relying on escrows who are pseudonymous in nature. This is going to be heaven for drugs/kiddy porn/guns etc, but I dont see a reason for it to go mainstream. Fundamentally this is not trust-less either. U need to trust their escrow system.

[keyscore44]

This one has already been operational for months...

http://nxtfreemarket.com/


Not sure crypto is ready for decentralized ebay, everyone prefers to keep their profiles pseudonymous. Need more average joe's before it will take off.

Unless you're planning on selling crack of course   Silkroad shows there can be some success there.

Whoah dude coming here advertising nxt giving strong opinions on what crypto needs telling us what "everyone prefers" is a sure fire way to get ignored.

For your information bazaar has been operational for quite some time also but have been upgrading and also this is a bitcoin forum where people want to spend that is right you guessed it "Bitcoin" not nxt lol

Why would you ignore me, other than to bury your head in the sand?

Do you believe OpenBazaar (minus drugs/kiddy porn/guns etc) will have everyone falling all over each other desperate to use it? There are options already that cater for that (nxtfreemarket is not the only other) and they lay fallow.

So available evidence suggests that users still prefer to use centralized options like ebay for non-criminal sales. It isn't me 'telling' anyone anything, it is the market. Do you have evidence to the contrary of user's preference?

Throw in drugs and you might have a party, it is the only proven success formula for this type of exchange.

OpenBazaar has ZERO consumer protection relying on escrows who are pseudonymous in nature. This is going to be heaven for drugs/kiddy porn/guns etc, but I dont see a reason for it to go mainstream. Fundamentally this is not trust-less either. U need to trust their escrow system.

Consumer protection is something that can be worked on, at this stage there's no point demonising OB as a paedo paradise. Pretty sure they can implement some of mechanism for getting rid of the undesirables. Anything that can offer an alternative to Ebay should be supported IMO.

[WhatTheGox]

This one has already been operational for months...

http://nxtfreemarket.com/


Not sure crypto is ready for decentralized ebay, everyone prefers to keep their profiles pseudonymous. Need more average joe's before it will take off.

Unless you're planning on selling crack of course   Silkroad shows there can be some success there.

Whoah dude coming here advertising nxt giving strong opinions on what crypto needs telling us what "everyone prefers" is a sure fire way to get ignored.

For your information bazaar has been operational for quite some time also but have been upgrading and also this is a bitcoin forum where people want to spend that is right you guessed it "Bitcoin" not nxt lol

Why would you ignore me, other than to bury your head in the sand?

Do you believe OpenBazaar (minus drugs/kiddy porn/guns etc) will have everyone falling all over each other desperate to use it? There are options already that cater for that (nxtfreemarket is not the only other) and they lay fallow.

So available evidence suggests that users still prefer to use centralized options like ebay for non-criminal sales. It isn't me 'telling' anyone anything, it is the market. Do you have evidence to the contrary of user's preference?

Throw in drugs and you might have a party, it is the only proven success formula for this type of exchange.

OpenBazaar has ZERO consumer protection relying on escrows who are pseudonymous in nature. This is going to be heaven for drugs/kiddy porn/guns etc, but I dont see a reason for it to go mainstream. Fundamentally this is not trust-less either. U need to trust their escrow system.

Consumer protection is something that can be worked on, at this stage there's no point demonising OB as a paedo paradise. Pretty sure they can implement some of mechanism for getting rid of the undesirables. Anything that can offer an alternative to Ebay should be supported IMO.

+1 ebay also only offers a very unique 1 size fits all consumer and buyer protection, lots of items you cant even sell/buy on there because its too risky with this 1 size fits all system.

[networthsigns]

This one has already been operational for months...

http://nxtfreemarket.com/


Not sure crypto is ready for decentralized ebay, everyone prefers to keep their profiles pseudonymous. Need more average joe's before it will take off.

Unless you're planning on selling crack of course   Silkroad shows there can be some success there.

Whoah dude coming here advertising nxt giving strong opinions on what crypto needs telling us what "everyone prefers" is a sure fire way to get ignored.

For your information bazaar has been operational for quite some time also but have been upgrading and also this is a bitcoin forum where people want to spend that is right you guessed it "Bitcoin" not nxt lol

Why would you ignore me, other than to bury your head in the sand?

Do you believe OpenBazaar (minus drugs/kiddy porn/guns etc) will have everyone falling all over each other desperate to use it? There are options already that cater for that (nxtfreemarket is not the only other) and they lay fallow.

So available evidence suggests that users still prefer to use centralized options like ebay for non-criminal sales. It isn't me 'telling' anyone anything, it is the market. Do you have evidence to the contrary of user's preference?

Throw in drugs and you might have a party, it is the only proven success formula for this type of exchange.

OpenBazaar has ZERO consumer protection relying on escrows who are pseudonymous in nature. This is going to be heaven for drugs/kiddy porn/guns etc, but I dont see a reason for it to go mainstream. Fundamentally this is not trust-less either. U need to trust their escrow system.

Consumer protection is something that can be worked on, at this stage there's no point demonising OB as a paedo paradise. Pretty sure they can implement some of mechanism for getting rid of the undesirables. Anything that can offer an alternative to Ebay should be supported IMO.

+1 ebay also only offers a very unique 1 size fits all consumer and buyer protection, lots of items you cant even sell/buy on there because its too risky with this 1 size fits all system.

Not only that but they charge 10% for the troubles and paypal charge another 2-5% if you are selling it is ridiculous because then you also have to pay tax etc it all adds up then you are left with no choice but to charge higher than you wanted to be able to pay everyone else from your products lol I say good luck to any bitcoin accepting start up that does not charge the extortion rates that the above does.. 

[thejaytiesto]

This one has already been operational for months...

http://nxtfreemarket.com/


Not sure crypto is ready for decentralized ebay, everyone prefers to keep their profiles pseudonymous. Need more average joe's before it will take off.

Unless you're planning on selling crack of course   Silkroad shows there can be some success there.

Whoah dude coming here advertising nxt giving strong opinions on what crypto needs telling us what "everyone prefers" is a sure fire way to get ignored.

For your information bazaar has been operational for quite some time also but have been upgrading and also this is a bitcoin forum where people want to spend that is right you guessed it "Bitcoin" not nxt lol

Why would you ignore me, other than to bury your head in the sand?

Do you believe OpenBazaar (minus drugs/kiddy porn/guns etc) will have everyone falling all over each other desperate to use it? There are options already that cater for that (nxtfreemarket is not the only other) and they lay fallow.

So available evidence suggests that users still prefer to use centralized options like ebay for non-criminal sales. It isn't me 'telling' anyone anything, it is the market. Do you have evidence to the contrary of user's preference?

Throw in drugs and you might have a party, it is the only proven success formula for this type of exchange.

OpenBazaar has ZERO consumer protection relying on escrows who are pseudonymous in nature. This is going to be heaven for drugs/kiddy porn/guns etc, but I dont see a reason for it to go mainstream. Fundamentally this is not trust-less either. U need to trust their escrow system.

Consumer protection is something that can be worked on, at this stage there's no point demonising OB as a paedo paradise. Pretty sure they can implement some of mechanism for getting rid of the undesirables. Anything that can offer an alternative to Ebay should be supported IMO.

+1 ebay also only offers a very unique 1 size fits all consumer and buyer protection, lots of items you cant even sell/buy on there because its too risky with this 1 size fits all system.

Not only that but they charge 10% for the troubles and paypal charge another 2-5% if you are selling it is ridiculous because then you also have to pay tax etc it all adds up then you are left with no choice but to charge higher than you wanted to be able to pay everyone else from your products lol I say good luck to any bitcoin accepting start up that does not charge the extortion rates that the above does.. 

Yeah their fees are a scam but then again, it's the best place to sell stuff since the volume of people using it is huge, specially if you sell rare collectible stuff nothing beats ebay. I wish we can have a solid decentralized crypto-only alternative in the future that becomes as big or bigger.

[inBitweTrust]

Evolution Exit Scam Shows Multisig Isn’t Enough: We need Decentralization

https://blog.openbazaar.org/evolution-exit-scam-shows-multisig-isnt-enough-we-need-decentralization/

[Karartma1]

More than 9 months passed and OpenBazaar is still in beta phase. I'm really excited that a decentralized, trust-less marketplace is coming. That would be a possibly game-changer move for Bitcoin.

[indiemax]

This one has already been operational for months...

http://nxtfreemarket.com/


Not sure crypto is ready for decentralized ebay, everyone prefers to keep their profiles pseudonymous. Need more average joe's before it will take off.

Unless you're planning on selling crack of course   Silkroad shows there can be some success there.

Whoah dude coming here advertising nxt giving strong opinions on what crypto needs telling us what "everyone prefers" is a sure fire way to get ignored.

For your information bazaar has been operational for quite some time also but have been upgrading and also this is a bitcoin forum where people want to spend that is right you guessed it "Bitcoin" not nxt lol

Why would you ignore me, other than to bury your head in the sand?

Do you believe OpenBazaar (minus drugs/kiddy porn/guns etc) will have everyone falling all over each other desperate to use it? There are options already that cater for that (nxtfreemarket is not the only other) and they lay fallow.

So available evidence suggests that users still prefer to use centralized options like ebay for non-criminal sales. It isn't me 'telling' anyone anything, it is the market. Do you have evidence to the contrary of user's preference?

Throw in drugs and you might have a party, it is the only proven success formula for this type of exchange.

OpenBazaar has ZERO consumer protection relying on escrows who are pseudonymous in nature. This is going to be heaven for drugs/kiddy porn/guns etc, but I dont see a reason for it to go mainstream. Fundamentally this is not trust-less either. U need to trust their escrow system.

drugs are pretty mainstream ,unless you live under a  rock 

[Demille]

More than 9 months passed and OpenBazaar is still in beta phase. I'm really excited that a decentralized, trust-less marketplace is coming. That would be a possibly game-changer move for Bitcoin.

When is it actually going to be released. This is one of the things I'm most excited about as well as decentralized exchanges. I think a decentralized ebay/silk road market could be a huge game changer and milestone in bitcoin history.

[Lauda]

OpenBazaar has ZERO consumer protection relying on escrows who are pseudonymous in nature. This is going to be heaven for drugs/kiddy porn/guns etc, but I dont see a reason for it to go mainstream. Fundamentally this is not trust-less either. U need to trust their escrow system.

drugs are pretty mainstream ,unless you live under a  rock 

Indeed. Dependent on where you live, I can say a lot of things about Europe. Buying weed is almost as hard as buying bubble gum (maybe a bit less). When the night falls, you can find people (most of them are black; no I'm not a racist) near transportation services. They often even come to you while you're passing asking if you want some.

On the other case, OpenBazaar isn't intended to become the mainstream source of drugs. This is not what they're building it for, even though it will definitely be used for such purposes. It does not have to go mainstream, but it will certain take a slice of the market. Fundamentally it is much much better than any market what we've had, or have right now.

[Karartma1]

More than 9 months passed and OpenBazaar is still in beta phase. I'm really excited that a decentralized, trust-less marketplace is coming. That would be a possibly game-changer move for Bitcoin.

When is it actually going to be released. This is one of the things I'm most excited about as well as decentralized exchanges. I think a decentralized ebay/silk road market could be a huge game changer and milestone in bitcoin history.

AFAIK there is no official release date but they are working hard for this project.

OpenBazaar has ZERO consumer protection relying on escrows who are pseudonymous in nature. This is going to be heaven for drugs/kiddy porn/guns etc, but I dont see a reason for it to go mainstream. Fundamentally this is not trust-less either. U need to trust their escrow system.

drugs are pretty mainstream ,unless you live under a  rock 

Indeed. Dependent on where you live, I can say a lot of things about Europe. Buying weed is almost as hard as buying bubble gum (maybe a bit less). When the night falls, you can find people (most of them are black; no I'm not a racist) near transportation services. They often even come to you while you're passing asking if you want some.

On the other case, OpenBazaar isn't intended to become the mainstream source of drugs. This is not what they're building it for, even though it will definitely be used for such purposes. It does not have to go mainstream, but it will certain take a slice of the market. Fundamentally it is much much better than any market what we've had, or have right now.

True. Decentralized market doesn't mean everything they sell is illegal. It's okay for selling illegal goods, too. But it's not the main purpose. There are already multiple ways to buy illegal goods anyway.

[OpenOcean]

A great way to make money is to create a market. Good idea by OpenBazaar!