it is a decentralised market place with no single point of accountability. Yes if you are a user selling stuff you shouldnt you are accountable and if traced you could be fined or punished according to the country you live in.
I don't see how this is an issue. If you do something illegal and get busted thats the risk you take.
Bitbay i think can already run through tor so if they wish to try and hide they can but thats their call.
Dark markets for all things will always exist in some form or other you can never stop them.
Bitbay is aiming at a legitimate market place (but to me that is one tiny use case for bitbay)
This has been covered before in several posts. We ask users not to do that (despite the fact that they do so at their own risk). Doing so prevents commercialization of the powerful ideas it portrays. Despite it being decentralized it is somewhat self-moderated. There is a mod key which is shared among dedicated noble users, anyone can use that key. It's not censored per se (no more than one could censor Bitcoin or uTorrent) but it's more of a fail safe because we can't anticipate the future or what will be requested of whoever is coding this at whatever given moment. If something is on the markets that shouldn't be there is brought to the attention of the community it would probably get removed although it's a volunteer system and the team or investors shouldn't be expected to be responsible because indeed it is peer to peer (how can anyone possible moderate the entire internet). So yeah in our disclaimer, we tell people it's simply a protocol that is peer to peer, we don't encourage anything that would get anyone hurt and hope to see the concepts of decentralization become popularized. Just like on uTorrent, if you share an illegal torrent it's the person sharing that gets in trouble not the programmers since they don't endorse that, they simply make peer to peer software. Also Bitmessage requires a little bit of proof of work, so spamming it is not easy.
Thanks a lot for those reasonable answers guys, helped me a lot. That cleared it up. First of all I am not aiming at doing anything illegal on BitBay, the question was rather meant in means of: will people that do stuff that is illegal in their legislation, but should not be in a free market, will be easily be trackable by their governments or not. I am not pro with those things and have no knowledge about Tor, VPN, staying anonymous in the net etc, but I also believe that its certain that those dark markets will exist in some form in any way. So I understood that BitBay will be a legit, boundary free marketplace, with a strong community that keeps an eye out for illicit things. I love the idea of the mod key!
Can you, cryptohunter, tell me what other use cases you see in BitBay as the marketplace is only a tiny one for you?
Anything smart contracts can be used for
futures, any kind of betting, savings bonds, imagine a will even - say you were rich and dying and had 3 children you could divide your capital by 3 and send it to their bitbay addresses and time it so it is gradually locked/released to them over the course of their life time. So they would have consistent funds coming to them. Or lock in in a bitbay bond and just have interest send out to those addresses over time...
I mean bitbay as an ebay replacement is HUGE but it is just one of 1000's or millions of possible uses for DDE and the peg and the timed locking and savings bonds. I mean you name it bay can be adapted to be involved with it Im sure.
I mean I know david has the capability to build in atomic trading if he so wished too and a fiat in fiat out (whilst there is even a need for fiat)... so really bitbay will become a complete end to end trustless way to buy sell swap gamble earn on anything you can imagine. I mean specifics will have to be thrashed out by 1000s of dev teams that will eventually come to build on bitbay core.
I love the fact and I mean love that fact that david has essentially said a big fuck off to copy and paste scammers too whom have no talents at all other than pressing copy and paste whilst other devs have been scared to do so. Why should he work and spend years of his life developing software for others to take and try and use that against him by out marketing him and crushing the investment every other bitbay believer that has put their faith in the project. Heavy marketing teams with no real crypto skillset are here now and they would love to scam bitbayer out of years of davids hard work.
The only room for improvement bay can make is to adapt to fads and things of the moment people want so long as they are not detrimental to the core in anyway. Capitalising on these during "their moment" is key to playing the crypto game. Having the best tech is not enough in the realm consisting of mostly handwavers and marketeers. Once we master that too bay will crush all in our way to the top 5 -10 and possibly.....
