How are articles searched and found?
At OpenBazaar the central weak point is the respective search provider. If articles are blocked by their operator, they are no longer found.
Is your system efficient? That means fast and reliable?
Is a combination of search terms possible, for example "shoes, leather" if only leather shoes would like to have listed.
The tag system of OpenBazaar does not only list shoes, but also everything else where the term "leather" was tagged, so also leather clothing or BDSM stuff.
Well the whole concept of OpenBazaar is really not a good one in my opinion. Simply because they use 3rd party escrow. This is a horrible problem because it gives them liabilities, cost overruns, absolutely no competitive edge over Amazon or other services and most importantly it's easy to anonymously steal escrows because in a 2 of 3 system all you need to do is get lucky enough to get assigned to your own deals secretly and then just spend from all your escrow accounts.
2 of 2 escrow such as in BitHalo and BitBay not only stops theft but it disincentivizes deception. So one thing I think you might be overlooking is that we aren't just limited in scope to sales of goods.
It's true that sales of goods on this platform come with no liabilities or fees and greatly reduce shipping scams (making them almost profitless)... however we can help so many industries with this. Here are some examples:
Using 2 of 2 escrow you can do a real estate deal without notary. In fact, BitBay was used for one of the first crypto related real estate purchases in US history and definitely the first without the need of escrow. This has a major benefit in other countries that don't use escrow. For example in Mexico I bought land and the entire deal went through the notary. It was a bit funny to me considering there was no guarantee to the recipient that my check would clear or anything. So imagine how much they would benefit from this. There is so many deals for example that run through what is called "Ejido" which is community owned and are pretty much scams most of the time unless the paperwork is air tight. The double deposit system would help a person transition the property away from the ejido if they wanted title.
The problem with weak title is epidemic all over the world. This is a huge deal that we can help solve even if people don't realize it.
Also what about shipping? I had a friend who lost hundreds of thousands of dollars in medical equipment and spent years trying to recover the loss in court. This just wasted his time and money and stress too. With 2 party escrow the need for an insurance provider can be totally bypassed!! With guys who do huge 6 or 7 figure deals in volume they would save tremendous money on either having a smaller insurance policy or none at all.
Also there is Telcom industry. They have issue with selecting banks and routing calls all over the world and choosing escrows for wires and all kinds of things.
There is probably hundreds of industries that suffer from having to agree on ways to safely route wire transfers. And of course Bitcoin being one of them. Consider that using 2 of 2 escrow not only can someone else guarantee the deal for someone else, but they could do wires with almost zero risk of fraud bridging the gap between crypto and fiat or really any industry that is heavily reliant on wires.
Then there is outsourcing. It's absolutely a pain in the ass to have employees that don't do what they promise, come late to work, exaggerate their credentials, etc. This software again by forcing a bond from the employee will cause them to get penalized. Of course this a major benefit to the construction industry, to outsourcing, to extremely important jobs that must get completed, etc.
We could spend hours talking about how many industries need 2 party double deposit escrow but they just don't know it yet. People are so used to getting stolen from that they enthusiastically line up at crypto exchanges despite constantly getting taken for billions and billions of dollars with no end in sight.
If this market was mature enough to see it, we wouldn't even have to market to anyone and devs would flock to help us for free and investors would come in droves. But unfortunately people are too busy making Dogecoin or Truckcoin or Ferengicoin or Flappybirdcoin or whatever other bullshit traders are wasting their time buying. Lets not forget the fancy ICOs where guys dress up in really sharp looking suits and promise that the blockchain will mow peoples lawn, walk their dog and teach their kids algebra or whatever other nonsense they need to make up in order to get free Bitcoins.
With our software it's not limited to sales like Open Bazaar. In fact we are more like Craigslist than OB. Since people can use the templates to Barter and form a farm co-op or trade anything, do services, sell goods, auctions, reverse auctions, write their own templates etc. This is why we can't pidgeon hole into the deep web or some niche crypto market because there is so many industries that could use what we have developed.
The BitBay coin is just a catalyst for the ideas that we have preached for years. It started on BitHalo and then a strange twist of fate put me in this project. Now with the peg we also have a very unique addition to the blockchain and as long as the volume is there and exchanges are friendly to us, will help get rid of the volatility that has distracted the entire market.
