Pages:
Author

Topic: Is BitBay the only decentralized market? - page 2. (Read 1853 times)

hero member
Activity: 588
Merit: 500
Open-Bazaar is another decentralized market. It a peer to peer marketplace where people can sell and buy goods in bitcoin. I think you would be throughly interested and also, I am not sure if it is fully functioning yet. I see decentralized market places as the new "market". People seem to have another added level of comfort knowing that something is decentralized. 
legendary
Activity: 2383
Merit: 1551
dogs are cute.
I think it's the only one
newbie
Activity: 17
Merit: 0

I own bitbay too now  Smiley

But I would still like to know if bitbay is the only decentralized market or if there are others out there.
legendary
Activity: 2383
Merit: 1551
dogs are cute.
I own Bitbay! I see the potential it has and what David is doing over there is ground breaking stuff. I've bought in early and glad I did! This is explode
hero member
Activity: 776
Merit: 557
I read somewhere yesterday the NXT Dev had jumped ship to Lisk? Not sure if that's true.

I own Bitbay too! Such a sleeping giant! David Zimbeck who is doing the Dev at Bitbay and the create of 'Halo' & 'Nighttrader' is like the Bill Gates of crypto! I'm expecting Bitbay to be a contender in 2016!
tyz
legendary
Activity: 3360
Merit: 1533
There is also freemarket what bases on Nxt blockchain but is not the Nxt Marketplace itself.

You can download software here http://nxtfreemarket.com or use the web version https://freemarketlite.cc/index.html

Please forgive my noob questions. I'm new to this, and don't know where to start.

I stumbled across this site by coincidence: http://bitbay.market/

This has not anything to do with bitcoin, right? This is a similar technology?

Are there other decentralized markets out there?

NXT also has a (decentralized) marketplace but that not very well known, therefore it's illiquid and generally speaking you can't see too many signs of life over there.
newbie
Activity: 17
Merit: 0
After a quick google search I get the impression that there are two NXT markets. Is that correct?
The NXT market for digital content only with feedback as the only buyer protection?
The NXT freemarket for everything else and relying on feedback and escrow agent is that correct?

I guess you could argue that relying on feedback only is fully decentralized. Not sure I would take the risk unless it was for very small amounts of money though.

Please correct me if I got this wrong
legendary
Activity: 1512
Merit: 1000
March 15, 2016, 09:26:58 AM
#9
Please forgive my noob questions. I'm new to this, and don't know where to start.

I stumbled across this site by coincidence: http://bitbay.market/

This has not anything to do with bitcoin, right? This is a similar technology?

Are there other decentralized markets out there?

NXT also has a (decentralized) marketplace but that not very well known, therefore it's illiquid and generally speaking you can't see too many signs of life over there.
hero member
Activity: 732
Merit: 500
March 15, 2016, 07:05:03 AM
#8
I bought some. Maybe I buy more next week when I get more bitcoin  Smiley


I found some info on syscoin and openbazar. They both seem to be dependent on escrow agents. That's a contradiction to decentralized. Or am I missing something?


I never got an answer to that question. Why do many call syscoin and openbazar decentralized when they depend on escrow?

Good question. I guess no one can answer it because it's not true to begin with. Maybe they have monitors for the escrow agents? Yet that isn't decentralized. And who pays the monitors for the escrow agents? Is there extra mining fees to cover both the escrow agents and the monitors of the escrow agents? Sounds like a nightmare in terms of a scalability factor.
newbie
Activity: 17
Merit: 0
March 15, 2016, 05:46:35 AM
#7
I bought some. Maybe I buy more next week when I get more bitcoin  Smiley


I found some info on syscoin and openbazar. They both seem to be dependent on escrow agents. That's a contradiction to decentralized. Or am I missing something?


I never got an answer to that question. Why do many call syscoin and openbazar decentralized when they depend on escrow?
sr. member
Activity: 474
Merit: 261
GBM
March 14, 2016, 08:51:30 PM
#6
I can't see much downside at all at this point.

I agree. This project is one of the most undervalued due to the unfortunate ICO events. Its competitor Syscoin is currently 20x value.
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
March 14, 2016, 07:08:12 PM
#5
I can't see much downside at all at this point.
newbie
Activity: 17
Merit: 0
March 14, 2016, 06:16:53 PM
#4
Thank you for your answers.

I found some info on syscoin and openbazar. They both seem to be dependent on escrow agents. That's a contradiction to decentralized. Or am I missing something?

So you both think BitBay is a good investment? At what price point is it not a good investment anymore?
sr. member
Activity: 364
Merit: 250
March 14, 2016, 05:36:12 PM
#3
Please forgive my noob questions. I'm new to this, and don't know where to start.

I stumbled across this site by coincidence: http://bitbay.market/

This has not anything to do with bitcoin, right? This is a similar technology?

Are there other decentralized markets out there?

Bitbay so far are the only one who made it very close, altough they are taking a very long time to do it.
The coin seems to going up on bittrex the last couple of days. So there is something going on there.
sr. member
Activity: 273
Merit: 250
March 14, 2016, 04:40:32 PM
#2
there's syscoin and projects like openbazar as well, but bitbay is the one with smart contracts and pegging on the way (and well known genius dev behind it)
i invested few btc in bitbay for the long run  Cool
newbie
Activity: 17
Merit: 0
March 14, 2016, 01:43:28 PM
#1
Please forgive my noob questions. I'm new to this, and don't know where to start.

I stumbled across this site by coincidence: http://bitbay.market/

This has not anything to do with bitcoin, right? This is a similar technology?

Are there other decentralized markets out there?
Pages:
Jump to: