But the fact is, this will be a serious decentralized market and with some anonymity it can replace the silk road while providing ease of use.
If the DEVs come through what they say they are going to do there this is a good time to buy.
Have to correct you with a *when the DEVs come through
Just the highlights as I jet off to work! Beta3 this weekend, and possibly a reveal of the mystery partner too... working hard to try and get it formalized allowed to be made public but until then
just know its good things.
Also, again an update from our Slack this morning where you really should be if you aren't. People were asking if Blockmarket/Syscoin Marketplaces would have a reputation system. Here is the full answer (copy/paste, sry):
danosphere [9:18 AM]
The idea is that initially blockmarket isn't going to have a rep system but we want to predicate rep on the trustless escrow system
danosphere [9:19 AM]
basically a byproduct of the escrow system will be vendor ratings if that makes sense
danosphere [9:19 AM]
your a vendor who ships something and the funds are escrow'd until the buyer confirms they recieved the item
danosphere [9:19 AM]
and then closing that loop (the buyer closes it) indicates a certain level of trust towards that vendor
danosphere [9:20 AM]
more and more sales = more and more rep
danosphere [9:20 AM]
there are is also the option of making it such that when you close an escrow, you can actually leave "feedback" with the closing of it
danosphere [9:21 AM]
in parallele we could do a stop-gap of ratings before the escrow systems
danosphere [9:21 AM]
system*
danosphere [9:21 AM]
but they would be kinda contrived imo dont you think? (without escrow)
danosphere [9:22 AM]
It would bascially be something like you purchase something, and then (probably within a fixed window of time/blocks) you can come back and post "feedback" on that offeraccept/offerpay (purchase of an item) on the market
danosphere [9:23 AM]
i say that this method is a bit contrived because the vendor doesn't risk anything currently (no escrow) so the time at which you'd return to post that review would be less concrete than it would be within the escrow system
danosphere [9:23 AM]
with the escrow system its more concrete- vendor says you'll get the item within 5-10 days, you don't get it within that time, than they have to refund you or discuss a compromise where the delivery time is extended... or you get a partial refund
danosphere [9:24 AM]
and then lets say after the extension you still dont get the item- you get your money back and that audit trail in and of itself is a form of reptutation in imo a more "real" version of rep
danosphere [9:24 AM]
and, it implicity insulates buyers a bit better when it comes to the purchase process
danosphere [9:25 AM]
trustless escrow we've already got designed.... I've talked at length with people here/IRC about a 2nd escrow mode which introduces arbiters
danosphere [9:25 AM]
but that needs more discussion/design
danosphere [9:25 AM]
hm... that was a lot of words eh?
danosphere [9:26 AM]
can you tell we've been thinking about this a bit?
danosphere [9:26 AM]
so TL;DR:
danosphere [9:26 AM]
- no built in rep to start, but if we feel the community is asking for this we can certainly layer it on either at the blockmarket level or possibly the daemon level
danosphere [9:27 AM]
- built in rep will come with trustless escrow and is a byproduct of actually recieving items on time; and will also insulate buyers from getting ripped off (but this is a feature we're working on)
danosphere [9:28 AM]
- built in rep will also come with "moderated" escrow where a third party is acting as arbiter. We're still working on the design of this. Who would be arbiters? We were thinking something like SuperNodes or something, they have to hold and "lock" a bunch of SYS to act as an arbiter, but for that they get a small fee or something.. still being designed and definitely still open to ideas/suggestions in that regard.
danosphere [9:28 AM]
Third party arbiters will be cool, I'll def sign up to be one, make sure people get what merchants claim to be selling
danosphere [9:29 AM]
and get a few SYS on the side for helping with that (as any arbiter would)
Sorry for just dumping the log but I'm out the door to the dayjob, just trying to keep people informed. Get on Slack! It's where the real discussions happen, been doing my best to back-copy them into here too tho