Topic: CivKit it is not a perfect marketplace but almost (Read 107 times)

Hope I won't have to go back and delete this once I dig more into the whitepaper but yeah at this point it seems that nsotr is used to broadcast the offer or as they call it a trade event, the BTC protocol is used to sign that offer, and the bulletin boards are interpreting the data received.
I'm a bit unsure if the protocol is used anywhere else further down in interactions between users but doesn't seem so, just a communicating channel at this stage.

But I would love to see a bit more than just a whitepaper, the full product might be completely different.


Noones is functional, CivKit exists only at pdf level.

Absolutely no, no ICO is needed for CivKit because it is a protocol that works on Bitcoin and above all with layer2 or LN.  As far as Nostr is concerned, from what I understand CivKit extrapolates the data present on an LN transaction and enters them in a trivial json to create the announcement on Nostr but therefore uses the same relays of Nostr, do you confirm?

Previously, Ray and Paxful announced that Paxful users can import their accounts to Noones. I am not sure why only a few days later, it turned to be CivKit. What are connections between Noones, CivKit and Ray Youssef?

From graphic designs, Noones and CivKit are likely to be from a same team. Noones trading mechanism looks to be a copy cat of Paxful. The slogan of Noones is Global South that is exactly what Ray aims at.

I am curious and uncertain with the announcement of Ray to launch CivKit two days ago.

There won't be any ICO with this one, it won't need a new coin or token since it works only with BTC and there will be no possible return from it.
Or at least this is what they claim now!

A few things about this on the first lecture, the technical data can wait till I had another coffee
- not really a new concept, the same things has been already tried once
- interesting that they are using naira and BTC in examples, so guess this is already targeted at a specific audience
- I was really curious how they will handle escrows and disputes, again, nothing new, rebranded them as oracles (d'oh) that suffer from the same flaw as every previous solution, two or three people colluding will be able to force a decision even it's unfair. Furthermore, positions are either appointed by the team, thus stopping decentralization or voted in, which means they can be a victim of sybil attacks. (acknowledge by the whitepaper)
- the interesting part would be the so-called bulletin boards, but I think the design of such boards relying on offers relayed via nostr message would be really unappealing to the masses.
- the whole rank proof servers idea, seems neet but wouldn't it be also a simple attack target?

I'll read it later on in more detail, although for the average user what's more important is how easy it is to use, not the magic that happens behind the app.


What do you mean by getting implemented in the blockchain instead of Nostr ? The signals between participants?


There was a bit more than just regulations:
https://www.coindesk.com/tech/2023/04/08/drugs-erratic-dismissals-and-feuding-founders-behind-bitcoin-marketplace-paxfuls-unraveling/

In fact, Ray Youssef closed Paxful because he had been cornered and unfortunately he could not carry on the project but with this move he practically declared that Paxful is dead but now 100,000 Paxful can be opened with CivKit ... in practice he launched a bomb.

At least it comes from the founder team with Ray Youssef, the ex-founder of Paxful which is a peer to peer marketplace but was shut down weeks ago. I know Paxful is not decentralized but likely Ray retired from Paxful by some internal conflicts as well as pressure from law enforcement and regulation on Peer to Peer marketplaces. As we saw some P2P marketplaces stopped their services recent months.

With his experience, if he wants to launch another P2P marketplace, it should be something that can compete with Bisq or Robosats. I saw mention about Lightning Network, Taproot, Nostr in the White paper but let's see how their CivKit will be in reality.

I only don't know why Ray shilled Noones (like another version of Paxful, without US. customers) then CivKit.

Ok but CivKit is a protocol that is already possibly developable and there is nothing that cannot be made of what is written in the withepaper.  I'm just saying that it currently works like the Nostr relays, i.e. it's not exactly distributed like the bitcoin nodes and you could trace the host of the relay, instead I think it would be better if you tried to make CivKit work directly on the blockchain.

I think that it's one thing to propose something in a whitepaper, and an entirely different thing to actually build it. Just think about the 2017 era of ICOs, where so many projects looked like amazing, prosperous ventures and yet 90%+ of them turned out to be scams, too expensive to build or just technically impossible to build. That's not to say anything about CivKit, it's just to say not to take a whitepaper as an official sign that something is possible.

I think the concept of p2p and decentralized marketplace is quite interesting, we will certainly await developments on the project! I'm quite hesitant about relays, as data flow is extremely slow under certain circumstances! but this guarantees uncensorship of the data

I've read the CivKit withepaper and I think it's fantastic if it gets developed.  I like the idea of ​​the marketplace even if I don't fully agree with the use of relays like Nostr as one could easily get to the relay host, instead it would be better if it were implemented directly in the blockchain and that everyone with their own node could continue to ensure the usability of the service.  What do you think about it?