What are the advantages that E-commerce proposes to offer compared to other cryptocurrency that are currently already in the market?
I read in the whitepaper that you place yourselves in a comparison/concurrent position to paypal/neteller etc. but I find no mentions of other crypto.
Futhermore how are you planning to prevent abuse of the moneyback system mentioned in the whitepaper? If it's initiated by the buyer without additional checks in place the seller might be placed in a peculiarly vulnarable position(paypal abuse on ebay is a current example that comes to mind).
I read in the whitepaper that you place yourselves in a comparison/concurrent position to paypal/neteller etc. but I find no mentions of other crypto.
Futhermore how are you planning to prevent abuse of the moneyback system mentioned in the whitepaper? If it's initiated by the buyer without additional checks in place the seller might be placed in a peculiarly vulnarable position(paypal abuse on ebay is a current example that comes to mind).
Great questions, thanks.
Regarding abuse, we are integrating jury.online solution which is decentralized escrows that allows dispute resolution. More on the topic in this article: https://goo.gl/QeCpqp
As for cryptospace competitors, our business plan summarize it:
Differences of competitor projects compared to BCShop.io are shown below.
OpenBazaar. Built using interplanetary file system (IPFS) and uses bitcoin as a payment method. Is positioned as a competitor to classic marketplaces. Does not have trusted reputation system. Does not have smart-contracts. Does not offer business integration. Does not target service markets. Requires installation of special software.
GameCredits, SkinCoin, DMarket, BlockTix. Very niche projects on Ethereum network. Target specific narrow markets. Often require buying special tokens before access to the project is available. Do not built 100% on-chain, require using special software or out-of-blockchain services. Do not offer business integration.
The block. Marketplace on Ethereum network. Requires installation of special software. Requires creating additional wallet to use the platform. At this moment requires registration to get access. Listing one product on a platform costs 1$. Does not work 100% on-chain, uses off-chain services. Uses escrow system.
Auction house. Ethereum blockchain. Designed for decentralized auctions. No business integration. No news and no running auctions, probably abandoned.
SafeMarket.Ethereum based. Requires installation of special software. Does not have trusted reputation system (uses escrow system instead). No community. Last code update 2 years ago. Probably abandoned.
Syscoin. Similar to OpenBazaar. Uses its own blockchain. Requires installation of special software. No smart-contracts support. Requires buying its own currency in order to use the platform.
Payment gateways of all sorts. Centralized. Use conversion, the commission for which is paid by the merchant. Do not support smart-contracts. Requires manual setup (often done by programmers) to get going. Require registration. Require website.
