Well that's great news for BitBay!
But I don't know if it will be the first decentralized market in the history of the world, since Syscoin is planning it's release in the next few weeks. And Sys has a headstart, since it's on Azure for marketing and on Poloniex for trade.
But I don't know if it will be the first decentralized market in the history of the world, since Syscoin is planning it's release in the next few weeks. And Sys has a headstart, since it's on Azure for marketing and on Poloniex for trade.
What are you talking about? Decentralized markets have worked in BitBay and Halo for over a YEAR. It was certainly the first decentralized markets in the world. Also its not blockchain based and doesnt face scaling issues of other markets. And who cares about Azure? Microsoft gatekeepers... not so decentralized. Its irrelevant to the claim of markets.
Syscoin has had a decentralized market since Nov 8, 2014 on mainnet. I don't think the scaling issue outweighs the usefulness it provides over a p2p marketplace
To that effect the next gen sys has also been in the works for more than a year, so similar to bay's new release with templates.. they were both released around the same time although not sure if bay has a functional market running on mainnet or release? Anyways I think Wosterlee does have a point because bad marketing can kill projects regardless of the cool tech under the hood.
Btw I thought I read somewhere that Shadowcoin is also marketing itself to be the "world" first decentralized marketplace although it may have been changed now that dates were pushed back for them, I just remember seeing it in some of their images. It really doesn't matter the only real first is the one who gets to average joe.
The reason to build decentralized markets is to get rid of middlemen in my opinion.
From what I have heard, Shadowcoin plan to build a decentralized market -just not the worlds first. Other than BitBay and Shadowcoin I don't know of any other truly decentralized market either existing or in planning.
Other projects like openbazar and syscoin build on decentralized technology, but depend on escrow agent. Imo that doesn't qualify to the term "decentralized market" any more than your price calculator in syscoin qualifies to the term "pegging" that you slapped on it.
The pegging is not as involved as David's design because it is not intended to be, recently I have made it so that it is also decentralized now as anyone can stand up their own "alias pegs" and merchants can choose who they wish to use as the pegging (price tracking)... what else is a peg supposed to be used for in a marketplace? I'm a fan of separating concerns (KISS) and too many cogs in the wheels need exponential funds in marketing. You can ofcourse fall back to SYS_RATES which the team manages but you are not forced to.
