If only we had a crypto version of Ebay that could save us the hindrance of fee - page 2.

shield132

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Quote from: Vod on September 22, 2020, 02:58:22 PM

Quote from: Bitcoinenthusiasts23 on September 22, 2020, 01:26:47 PM

If you are reading this and have the potential to make take such an initiative , please do and we, the Bitcoin community will support you.

With over 13,000 employees at eBay, I'm sure they are aware of crypto. If there was an advantage to their current model to use crypto they would have implemented it already. And like the previous poster wrote, there are still fees with crypto, and the company needs to make a profit.

I don't think any developer here would spend thousands of hours making an eBay clone if they couldn't charge fees, and the instant it started making money, eBay could add it on easily.

What you want is an auction site that doesn't need to refund/return.

People can't understand one thing: What you want and think is amazing, doesn't mean that others share the same thoughts and opinions. Most people can't understand that for example if Ebay doesn't implement cryptocurrencies, there are a reasons behind it and at the same time if someone hit market where there is open monopoly. Anyone can enter into market but no one can beat the giants. If someone wants to enter in this market with cryptocurrencies, it would cost a tons of money and then, the same action from Ebay (implementing of cryptocurrencies) and this business will dive and lose billions.

What kind of fees do a crypto version of Ebay would be able to save? Do fees change when you pay with Euro over USD? Or GBP over USD and Euro? Or take any other national currency. I want to remind you that Bitcoin is a currency, different from traditional ones but still a currency and it's very easy from governments to set fees on it the way they wish and in terms of fees make it absolutely similar of the situation we have right now on Ebay.
Cryptocurrencies aren't magical things or spells.

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Quote from: Bitcoinenthusiasts23 on September 22, 2020, 01:26:47 PM

I'm sick of the fees on Ebay it's become totally unprofitable for some items due to the massive fees. I use Facebook marketplace but that's more for local sales.

With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh. I can imagine Amazon buying this project one day for more than a billion $ as it would feel 'threatened' by the merely existence of this model and will end up incorporating it into their own business model.

I mean EarnBet (https://earnbet.io) an online decentralised casino has been the latest to solve the problem of wagering via crypto and is operating on the WAX chain currently.
If you are reading this and have the potential to make take such an initiative , please do and we, the Bitcoin community will support you.

I agree it would make life easier for merchants and though there are a few options, it would be nice to have more available as competition always leads to better services.

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I've had a couple of goes at starting auction sites, both online and in real life. The big problem is getting sellers to submit items, as they are not likely to get high prices until you have a lot of potential buyers. I used to put my own items in, and accept that they would not realise top prices, but it involves a lot of work.

My new Rag St site takes a slightly different approach. I want to introduce wholesale sellers to bulk buyers, and to use Bitcoin for international transactions.

robelneo

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Quote from: Bitcoinenthusiasts23 on September 22, 2020, 01:26:47 PM

I'm sick of the fees on Ebay it's become totally unprofitable for some items due to the massive fees. I use Facebook marketplace but that's more for local sales.

With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh. I can imagine Amazon buying this project one day for more than a billion $ as it would feel 'threatened' by the merely existence of this model and will end up incorporating it into their own business model.

We will have one in the future, we now have a Decentralized Finance this is to level the playing fields and to adopt those who do not trust banking system anymore, it's only a matter of time that we will have a decentralized marketplace , sounds like a good idea once we have both worlds the Crypto community will be competitive both in the financial industry and commerce industry .

Vod

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Quote from: pooya87 on September 23, 2020, 11:22:30 PM

not everyone enters this open source and decentralized world with money making as their goal. there are lots of open source projects that the devs hadn't made a satoshi for their work. heck why did Satoshi spend 6 years of his life on bitcoin to give people freedom if they made nothing?

I understand your reasoning. I should have specified I meant in today's environment. Not too many people will want to start a free project like this. If they are smart enough to invent, they should also be looking at the uncertain future.

You can make a decentralized and free version yourself. Just register a non-profit, and use considerable free resources at AWS ($100,000) to architect the system and decentralize it. Look for open source/free projects and have those developers work with you. You shouldn't need to do any coding or spend any money. But it will be a lot of work to design and build it.

OgNasty

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Quote from: OgNasty on September 22, 2020, 04:20:25 PM

We did have an eBay like site that used Bitcoin. I forget the name but it was awesome and quite popular. I believe it was given a notice to shut down by the government.

I remembered. It was called bitmit and ran from 2011-2013.
https://en.bitcoin.it/wiki/Bitmit

pooya87

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Quote from: Vod on September 23, 2020, 11:26:41 AM

I'm thinking why would someone build this just to save you fees if they make nothing?

not everyone enters this open source and decentralized world with money making as their goal. there are lots of open source projects that the devs hadn't made a satoshi for their work. heck why did Satoshi spend 6 years of his life on bitcoin to give people freedom if they made nothing?
by the way OP focuses on fees, otherwise a decentralized marketplace is a lot more that just fees. it is about the freedom that goes hand in hand with the freedom a decentralized currency offers.

Vod

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Quote from: pooya87 on September 22, 2020, 11:50:03 PM

you are thinking too centralized.

Not really. I'm thinking why would someone build this just to save you fees if they make nothing?

SFR10

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In addition to other comments, we already have "Bitify", which I believe it's the closest thing to a so-called "crypto version of eBay".
^{Take note: I'm not vouching here (DYOR).}

pooya87

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Quote from: Vod on September 22, 2020, 02:58:22 PM

Quote from: Bitcoinenthusiasts23 on September 22, 2020, 01:26:47 PM

If you are reading this and have the potential to make take such an initiative , please do and we, the Bitcoin community will support you.

With over 13,000 employees at eBay, I'm sure they are aware of crypto. If there was an advantage to their current model to use crypto they would have implemented it already. And like the previous poster wrote, there are still fees with crypto, and the company needs to make a profit.

I don't think any developer here would spend thousands of hours making an eBay clone if they couldn't charge fees, and the instant it started making money, eBay could add it on easily.

What you want is an auction site that doesn't need to refund/return.

you are thinking too centralized.
a cryptocurrency oriented marketplace should not be centralized, everything in it should be peer to peer and without any servers or any kind of centralized authority. that means there is no additional fees to be paid to the creator/developers of the project.
i think the closest example of a serverless P2P marketplace is OpenBazaar project.
eBay can not compete with something like that. the only problem is that people aren't currently so eager to see their cryptocurrencies as currencies but rather investments so they are not ready yet.

Quote from: Bitcoinenthusiasts23 on September 22, 2020, 01:26:47 PM

I mean EarnBet

stop advertising this casino in (almost) every post you make!

Harlot

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We have one already Overstock.com is something where you have an option to become a retailer, you can freely post your items there you want to sell but it is mostly similar to Amazon rather than Ebay. If you want a P2P marketplace I would recommend you trying OpenBazaar.org the last time I check is they have zero fees involve since the transaction happens between the 2 parties they are basically promoting is as some kind of free e-commerce website. Keep in mind that I don't have experience on both websites but I mostly read these websites of being a crypto focus e-commerce website in the forum.

OgNasty

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We did have an eBay like site that used Bitcoin. I forget the name but it was awesome and quite popular. I believe it was given a notice to shut down by the government.

This forum used to be brimming with all sorts of awesome projects where people could use Bitcoin and work together to advance Bitcoin use cases. Unfortunately, now it is full of people who post here just to get paid from signature campaigns. A majority of those who were building things got chased away by overzealous trolls scarred from falling for scams that take out their poor money management on the innovators who remain and regulators that want crypto businesses to account for the exchange rate at which every satoshi changes hands.

In short, if you want something like this to exist, you'll probably have to not only build it, but have the testicular fortitude to keep it running in the face of vengeful users and trigger happy regulators.

Vod

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Quote from: Bitcoinenthusiasts23 on September 22, 2020, 01:26:47 PM

If you are reading this and have the potential to make take such an initiative , please do and we, the Bitcoin community will support you.

With over 13,000 employees at eBay, I'm sure they are aware of crypto. If there was an advantage to their current model to use crypto they would have implemented it already. And like the previous poster wrote, there are still fees with crypto, and the company needs to make a profit.

I don't think any developer here would spend thousands of hours making an eBay clone if they couldn't charge fees, and the instant it started making money, eBay could add it on easily.

What you want is an auction site that doesn't need to refund/return.

notblox1

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If you had some crypto Ebay you would still have to pay blockchain fees and that can go very high during congestion time, both for Bitcoin and other popular coins.
One more thing that would not work is to way to refund payments and return products, and that is something we see in ebay everyday.
Slow speed would also not be so user friendly.

Bitcoinenthusiasts23

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I'm sick of the fees on Ebay it's become totally unprofitable for some items due to the massive fees. I use Facebook marketplace but that's more for local sales.

With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh. I can imagine Amazon buying this project one day for more than a billion $ as it would feel 'threatened' by the merely existence of this model and will end up incorporating it into their own business model.

I mean EarnBet (https://earnbet.io) an online decentralised casino has been the latest to solve the problem of wagering via crypto and is operating on the WAX chain currently.
If you are reading this and have the potential to make take such an initiative , please do and we, the Bitcoin community will support you.

Topic: If only we had a crypto version of Ebay that could save us the hindrance of fee - page 2. (Read 682 times)