Topic: Auction anything (legal) for bitcoin (Read 177 times)

Thank you for your kind words and support!

Not yet. Initial buyer and seller accountability is from the refundable BTC listing and bidding deposits.

If a seller breaks Seller Guidelines, they lose their listing deposit.
https://satscrap.com/seller-guidelines

If a bidder doesn't pay their bid, they lose their bid deposits.

As long as both parties play by the rules, their collateral is refunded.

We'll likely add the ability for power sellers to opt into a reputation system over time. We want to be careful to do it in a way that cannot be faked and does not compromise privacy.

Scarce City is our more niche marketplace for Bitcoin art and collectibles. SatsCrap is meant for everything else (although there's nothing stopping Bitcoin art/collectibles from being listed there as well) -- We hope to see specific niche categories organically develop on SatsCrap over time and we'll prioritize development to support them.

The contraband list is linked here. It's essentially copy pasta from Ebay to keep things safe and simple to start. We'll review over time and make adjustments. Let us know if there's a specific category/item you think we should take a second look at.

https://satscrap.com/seller-guidelines

No.

is there an option to leave feedback for a buyer or seller? about negative or positive experiences with members ?

Yes, for sure we'll be adding a search field soon. There are less than 100 listings right now so it's pretty easy to scroll through in the meantime.

Lightning is supported for all bitcoin payments. We're open to supporting Liquid as adoption and infrastructure improves.

Thanks for the feedback

Totally understood.

It's the same model we've used on Scarce.City to host thousands of auctions over the past 3+ years. While of course there is trust involved, we try to minimize it by keeping collateral requirements to a minimum. I think it's fair to say trust is involved in the exchange of any physical items.

The founding team (Chris Tramount and Aryan Jabbari) is fully doxed and easy to find with simple searches. We put our reputations on the line to mitigate trust concerns.

It's not linked on Scarce.City yet. While we'll likely link it eventually, it's meant to be an independent site.

Scarce City for Fine Bitcoin Goods
SatsCrap for eveything else (although there's nothing stopping Bitcoin art/collectibles from being listed there as well)

I like the idea its like ebay but paid in bitcoin. I definitely think you need a specific category for bitcoin collectibles and physical bitcoin. Hard to know if your getting the best price if buyers have to search through baseball cards and other "crap". Very specific buyers looking for our stuff.

Also what is the criteria for legal merchandise?

Does this site give 1099 or otherwise report to state and/or federal agencies?  If so, what is threshold.

Here's my review. First, Scarce City has been around awhile. I would not call it new at this point. New to the public perhaps but they have been the "go to" auction site for crypto collectibles for a longer time than most.

Second, there is a solid argument to make that Scarce City is more advantageous to sell your item than Ebay or Stack's Bowers (or other auction houses). With Ebay, you pay 17% fee and deal with customers directly, which is always an adventure. With Stacks and others, they do a good job of grading and providing a new audience of buyers, but their true incentive is to sell volume and the audience doesn't have much maturity to understand what they are buying. It's kind of a crap shoot. Scarce City on the other hand started with Crypto Collectibles as a passion. They do a great job and the audience knows what they are looking for and what they are worth.

Finally, the buying experience is awesome. Easy. I had some questions one time and got immediate personal responses. I love that Scarce City, with this announcement, is expanding to sell everyday items. This is a huge advantage to sellers that want to sell items and receive BTC.

I have no dog in the hunt at all other than wanting cool businesses that support physical bitcoins as much as possible.

Steeley

Can digital items also be sold or only physical?
Different things can be legal in one country/state and illegal in another, and you have a very long list of contraband items:
https://satscrap.com/seller-guidelines

I think you need to add search field, that would make finding items to buy much easier.
You should also enable payment with Lightning Network and/or Liquid Network (L-BTC), especially important when on-chain fees are high.

The 1% collateral makes me hesitant for a new site without many reviews.

I don't see a link on scarce.city to this new site, am I missing it?

Hey, this is Chris from the Scarce City team.

We've just launched a bunch of features on our new marketplace SatsCrap.com that make it as easy as possible to sell any legal physical goods for bitcoin.

Self-Serve Auctions

• Create your listing in less than 60 seconds with AI generated titles+descriptions and refundable bitcoin listing deposits
• Micro-BTC refundable deposits keep bidders accountable while requiring minimal info
• No curation and set your desired starting price
• No registration required
• Your 7 day auction goes live at the next 3pm EST timestamp

Fiat Purchases

• Buyers can pay in onchain or Lightning bitcoin as well as their preferred fiat method (credit card, Afterpay, Cash App, Klarna)
• No matter how the buyer pays, sellers receive proceeds in bitcoin

In celebration of the fresh functionality, we're taking zero commission fees on any listings created through the month of February.

Check out all bargains at SatsCrap.com and smash Sell Your Crap to start listing.

Any feedback is greatly appreciated.