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Topic: OpenBazaar - decentralized eBay - page 23. (Read 41770 times)

hero member
Activity: 574
Merit: 500
March 11, 2015, 03:40:01 AM
This one has already been operational for months...

http://nxtfreemarket.com/


Not sure crypto is ready for decentralized ebay, everyone prefers to keep their profiles pseudonymous. Need more average joe's before it will take off.

Unless you're planning on selling crack of course  Cheesy Silkroad shows there can be some success there.
hero member
Activity: 658
Merit: 501
March 10, 2015, 04:28:24 PM
Updates-
https://twitter.com/BitcoinZAR/status/573803286672850944
https://www.youtube.com/watch?v=uJAt66qYfNA

Currently on beta 3.1

Beta 4.0 (The near future)

    UI and UX overhaul (Mike's changes)
    Reputation network (WoT)
    Reviews
    Tor integration
    Instant messaging integrated #192
    Login and password protection
    Search improvements
    Ecommerce tools (import products from other platforms, integrate with commerce tools)
    Private contracts / Private stores
    Add donation option (Tips to notary and/or dev team)

Beta 4 is where you will start to see more people use it because of TOR integration.


legendary
Activity: 2674
Merit: 3000
Terminated.
March 10, 2015, 04:11:28 PM
Hi,

Any news about project? everywhere silence..  Roll Eyes

5 month old thread you bumped. There is a proper decentralized market coming in the next month but it has no middle man and uses smartcontracts for trusting p2p trades with no fee's, it is Bitbay and the dev is excellent i would look into that if you was interested in ebay style decentralized markets but without the fee's..
So what? It's better than opening up a new one like most members do.
Anyhow that's off-topic. You should have presented news about OpenBazaar. I'm also interested though.
legendary
Activity: 2282
Merit: 1035
March 10, 2015, 04:01:36 PM
Hi,

Any news about project? everywhere silence..  Roll Eyes
legendary
Activity: 906
Merit: 1002
October 25, 2014, 05:33:12 PM
Sam Patterson answered how this escrow reputation system will work here: https://libertyme.adobeconnect.com/p3r3kbbd7oe/?launcher=false&fcsContent=true&pbMode=normal

Basically they are still trying to figure it out. They want to introduce a pool of arbitrators that will vote to attribute an arbitrator for each case to make it harder for someone to scam and become it's own arbitrator.
This is not very reassuring, nor would it want me to be comfortable trusting my hard-earned money at the marketplace.

If an arbitrator must be "voted in" by existing arbitrators then someone could potentially buy up a lot of arbitrator accounts to create additional arbitrator accounts which would further the attacker's ability to scam.

Seems pretty far stretched IMO. Keep in mind there will be a reputation system for arbitrator. Buying a lot of good reputation to make scams wouldn't last very long before any body figure it out and all reputations of these account will be affected. That would be a very costly and risky scam operation.
Someone could buy up a bunch of accounts with positive reputation and these accounts with positive reputation would vote their "scam" accounts to be an arbitrator. The accounts that are purchased would continue to act honestly, but the accounts that were "voted in" would not be honest

It would still require the scammer to highjack the whole voting pool. How many accounts would need a scammer to vote himself as arbitrator every single time? At what cost? It still seems far stretched to me. If the arbitrators that vote are chosen through a random process among the best reputations, that would make almost impossible such attacks.
Such an attack would cost nothing. All an attacker would have to do is buy up a lot of accounts with good/a lot of reputation, use the accounts with good reputation "honestly", vote in additional accounts that can work as escrow, scam with the newly voted-in accounts, then sell the existing "honest" accounts at the same price they were purchased for (or potentially for more as they would have theoretically gained additional reputation by continuing to act honestly).

This is a very similar vulnerability that PoS altcoins have

 Roll Eyes Roll Eyes

You still need to put a lot of money upfront taking the risk that you'll be able to sell all of them at the same rate.
Again. It is pretty far stretch to assume someone will buy enough account to be able to highjack the whole pool.
I don't see why you say it is a far stretch that someone would buy up enough accounts like this. If someone wanted to scam, this is how they would do it.

You would need money upfront, however you would get this money back once the scam is complete. Market economics would say that the attacker would not overpay for these reputation accounts so your argument about the risk of having to sell the reputation accounts at a loss is invalid

Because of market dynamics. Serious arbitrators that want to do arbitrage on the long run as a "living" won't sale their reputations in the first place. Of course in a small pool it would still be fairly easy for a scammer to buy enough accounts but impossible in a large pool.
The size of the "pool" of accounts that need to be purchased does not matter. It would just be more difficult logistically, but still possible. I would also argue that a larger pool would make it easier to get enough escrow accounts to be able to vote in new arbitrators because it would be harder to detect that only certain accounts are voting in questionable accounts that end up scamming
legendary
Activity: 1862
Merit: 1015
October 25, 2014, 12:31:27 PM
Because of market dynamics. Serious arbitrators that want to do arbitrage on the long run as a "living" won't sale their reputations in the first place. Of course in a small pool it would still be fairly easy for a scammer to buy enough accounts but impossible in a large pool.
I don't think it is realistic to say that you could earn a living acting as an escrow agent in this regard. This is especially true considering that your reputation is at risk anytime you make a decision as it could appear that you are scamming (when you are really not). I have spoken to a couple of people who use escrow services on this forum and have been advised that they generally would only have a few hours worth of work from providing escrow services each week. If this is true, then in order to make providing escrow on open brazzar a "full time job" then they would (ironically) need to have (either by buying accounts or creating them) multiple accounts
legendary
Activity: 1372
Merit: 1000
--------------->¿?
October 25, 2014, 11:17:40 AM
Sam Patterson answered how this escrow reputation system will work here: https://libertyme.adobeconnect.com/p3r3kbbd7oe/?launcher=false&fcsContent=true&pbMode=normal

Basically they are still trying to figure it out. They want to introduce a pool of arbitrators that will vote to attribute an arbitrator for each case to make it harder for someone to scam and become it's own arbitrator.
This is not very reassuring, nor would it want me to be comfortable trusting my hard-earned money at the marketplace.

If an arbitrator must be "voted in" by existing arbitrators then someone could potentially buy up a lot of arbitrator accounts to create additional arbitrator accounts which would further the attacker's ability to scam.

Seems pretty far stretched IMO. Keep in mind there will be a reputation system for arbitrator. Buying a lot of good reputation to make scams wouldn't last very long before any body figure it out and all reputations of these account will be affected. That would be a very costly and risky scam operation.
Someone could buy up a bunch of accounts with positive reputation and these accounts with positive reputation would vote their "scam" accounts to be an arbitrator. The accounts that are purchased would continue to act honestly, but the accounts that were "voted in" would not be honest

It would still require the scammer to highjack the whole voting pool. How many accounts would need a scammer to vote himself as arbitrator every single time? At what cost? It still seems far stretched to me. If the arbitrators that vote are chosen through a random process among the best reputations, that would make almost impossible such attacks.
Such an attack would cost nothing. All an attacker would have to do is buy up a lot of accounts with good/a lot of reputation, use the accounts with good reputation "honestly", vote in additional accounts that can work as escrow, scam with the newly voted-in accounts, then sell the existing "honest" accounts at the same price they were purchased for (or potentially for more as they would have theoretically gained additional reputation by continuing to act honestly).

This is a very similar vulnerability that PoS altcoins have

 Roll Eyes Roll Eyes

You still need to put a lot of money upfront taking the risk that you'll be able to sell all of them at the same rate.
Again. It is pretty far stretch to assume someone will buy enough account to be able to highjack the whole pool.
I don't see why you say it is a far stretch that someone would buy up enough accounts like this. If someone wanted to scam, this is how they would do it.

You would need money upfront, however you would get this money back once the scam is complete. Market economics would say that the attacker would not overpay for these reputation accounts so your argument about the risk of having to sell the reputation accounts at a loss is invalid

Because of market dynamics. Serious arbitrators that want to do arbitrage on the long run as a "living" won't sale their reputations in the first place. Of course in a small pool it would still be fairly easy for a scammer to buy enough accounts but impossible in a large pool.



Might use this to get rid of some electronics and games. Looks like a worthwhile project I'm sick of ebay.

Is this an online selling site like ebay?

That's the goal but it's a work in progress.
newbie
Activity: 31
Merit: 0
October 25, 2014, 03:21:22 AM
Might use this to get rid of some electronics and games. Looks like a worthwhile project I'm sick of ebay.

Is this an online selling site like ebay?
legendary
Activity: 906
Merit: 1002
October 24, 2014, 10:16:09 PM
Sam Patterson answered how this escrow reputation system will work here: https://libertyme.adobeconnect.com/p3r3kbbd7oe/?launcher=false&fcsContent=true&pbMode=normal

Basically they are still trying to figure it out. They want to introduce a pool of arbitrators that will vote to attribute an arbitrator for each case to make it harder for someone to scam and become it's own arbitrator.
This is not very reassuring, nor would it want me to be comfortable trusting my hard-earned money at the marketplace.

If an arbitrator must be "voted in" by existing arbitrators then someone could potentially buy up a lot of arbitrator accounts to create additional arbitrator accounts which would further the attacker's ability to scam.

Seems pretty far stretched IMO. Keep in mind there will be a reputation system for arbitrator. Buying a lot of good reputation to make scams wouldn't last very long before any body figure it out and all reputations of these account will be affected. That would be a very costly and risky scam operation.
Someone could buy up a bunch of accounts with positive reputation and these accounts with positive reputation would vote their "scam" accounts to be an arbitrator. The accounts that are purchased would continue to act honestly, but the accounts that were "voted in" would not be honest

It would still require the scammer to highjack the whole voting pool. How many accounts would need a scammer to vote himself as arbitrator every single time? At what cost? It still seems far stretched to me. If the arbitrators that vote are chosen through a random process among the best reputations, that would make almost impossible such attacks.
Such an attack would cost nothing. All an attacker would have to do is buy up a lot of accounts with good/a lot of reputation, use the accounts with good reputation "honestly", vote in additional accounts that can work as escrow, scam with the newly voted-in accounts, then sell the existing "honest" accounts at the same price they were purchased for (or potentially for more as they would have theoretically gained additional reputation by continuing to act honestly).

This is a very similar vulnerability that PoS altcoins have

 Roll Eyes Roll Eyes

You still need to put a lot of money upfront taking the risk that you'll be able to sell all of them at the same rate.
Again. It is pretty far stretch to assume someone will buy enough account to be able to highjack the whole pool.
I don't see why you say it is a far stretch that someone would buy up enough accounts like this. If someone wanted to scam, this is how they would do it.

You would need money upfront, however you would get this money back once the scam is complete. Market economics would say that the attacker would not overpay for these reputation accounts so your argument about the risk of having to sell the reputation accounts at a loss is invalid
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
October 24, 2014, 09:54:14 PM
Sam Patterson answered how this escrow reputation system will work here: https://libertyme.adobeconnect.com/p3r3kbbd7oe/?launcher=false&fcsContent=true&pbMode=normal

Basically they are still trying to figure it out. They want to introduce a pool of arbitrators that will vote to attribute an arbitrator for each case to make it harder for someone to scam and become it's own arbitrator.
This is not very reassuring, nor would it want me to be comfortable trusting my hard-earned money at the marketplace.

If an arbitrator must be "voted in" by existing arbitrators then someone could potentially buy up a lot of arbitrator accounts to create additional arbitrator accounts which would further the attacker's ability to scam.

Seems pretty far stretched IMO. Keep in mind there will be a reputation system for arbitrator. Buying a lot of good reputation to make scams wouldn't last very long before any body figure it out and all reputations of these account will be affected. That would be a very costly and risky scam operation.
Someone could buy up a bunch of accounts with positive reputation and these accounts with positive reputation would vote their "scam" accounts to be an arbitrator. The accounts that are purchased would continue to act honestly, but the accounts that were "voted in" would not be honest

It would still require the scammer to highjack the whole voting pool. How many accounts would need a scammer to vote himself as arbitrator every single time? At what cost? It still seems far stretched to me. If the arbitrators that vote are chosen through a random process among the best reputations, that would make almost impossible such attacks.
Such an attack would cost nothing. All an attacker would have to do is buy up a lot of accounts with good/a lot of reputation, use the accounts with good reputation "honestly", vote in additional accounts that can work as escrow, scam with the newly voted-in accounts, then sell the existing "honest" accounts at the same price they were purchased for (or potentially for more as they would have theoretically gained additional reputation by continuing to act honestly).

This is a very similar vulnerability that PoS altcoins have

 Roll Eyes Roll Eyes

You still need to put a lot of money upfront taking the risk that you'll be able to sell all of them at the same rate.
Again. It is pretty far stretch to assume someone will buy enough account to be able to highjack the whole pool.

Excellent spelling there Einstein. you take the weight right out of your argument with poor spelling.
Excellent capitalization there, Einstein. You take the weight right out of your trolling with poor sentence structure.
full member
Activity: 154
Merit: 100
★Bitin.io★ - Instant Exchange
October 24, 2014, 09:03:18 PM
Sam Patterson answered how this escrow reputation system will work here: https://libertyme.adobeconnect.com/p3r3kbbd7oe/?launcher=false&fcsContent=true&pbMode=normal

Basically they are still trying to figure it out. They want to introduce a pool of arbitrators that will vote to attribute an arbitrator for each case to make it harder for someone to scam and become it's own arbitrator.
This is not very reassuring, nor would it want me to be comfortable trusting my hard-earned money at the marketplace.

If an arbitrator must be "voted in" by existing arbitrators then someone could potentially buy up a lot of arbitrator accounts to create additional arbitrator accounts which would further the attacker's ability to scam.

Seems pretty far stretched IMO. Keep in mind there will be a reputation system for arbitrator. Buying a lot of good reputation to make scams wouldn't last very long before any body figure it out and all reputations of these account will be affected. That would be a very costly and risky scam operation.
Someone could buy up a bunch of accounts with positive reputation and these accounts with positive reputation would vote their "scam" accounts to be an arbitrator. The accounts that are purchased would continue to act honestly, but the accounts that were "voted in" would not be honest

It would still require the scammer to highjack the whole voting pool. How many accounts would need a scammer to vote himself as arbitrator every single time? At what cost? It still seems far stretched to me. If the arbitrators that vote are chosen through a random process among the best reputations, that would make almost impossible such attacks.
Such an attack would cost nothing. All an attacker would have to do is buy up a lot of accounts with good/a lot of reputation, use the accounts with good reputation "honestly", vote in additional accounts that can work as escrow, scam with the newly voted-in accounts, then sell the existing "honest" accounts at the same price they were purchased for (or potentially for more as they would have theoretically gained additional reputation by continuing to act honestly).

This is a very similar vulnerability that PoS altcoins have

 Roll Eyes Roll Eyes

You still need to put a lot of money upfront taking the risk that you'll be able to sell all of them at the same rate.
Again. It is pretty far stretch to assume someone will buy enough account to be able to highjack the whole pool.

Excellent spelling there Einstein. you take the weight right out of your argument with poor spelling.
legendary
Activity: 1372
Merit: 1000
--------------->¿?
October 24, 2014, 10:54:25 AM
Sam Patterson answered how this escrow reputation system will work here: https://libertyme.adobeconnect.com/p3r3kbbd7oe/?launcher=false&fcsContent=true&pbMode=normal

Basically they are still trying to figure it out. They want to introduce a pool of arbitrators that will vote to attribute an arbitrator for each case to make it harder for someone to scam and become it's own arbitrator.
This is not very reassuring, nor would it want me to be comfortable trusting my hard-earned money at the marketplace.

If an arbitrator must be "voted in" by existing arbitrators then someone could potentially buy up a lot of arbitrator accounts to create additional arbitrator accounts which would further the attacker's ability to scam.

Seems pretty far stretched IMO. Keep in mind there will be a reputation system for arbitrator. Buying a lot of good reputation to make scams wouldn't last very long before any body figure it out and all reputations of these account will be affected. That would be a very costly and risky scam operation.
Someone could buy up a bunch of accounts with positive reputation and these accounts with positive reputation would vote their "scam" accounts to be an arbitrator. The accounts that are purchased would continue to act honestly, but the accounts that were "voted in" would not be honest

It would still require the scammer to highjack the whole voting pool. How many accounts would need a scammer to vote himself as arbitrator every single time? At what cost? It still seems far stretched to me. If the arbitrators that vote are chosen through a random process among the best reputations, that would make almost impossible such attacks.
Such an attack would cost nothing. All an attacker would have to do is buy up a lot of accounts with good/a lot of reputation, use the accounts with good reputation "honestly", vote in additional accounts that can work as escrow, scam with the newly voted-in accounts, then sell the existing "honest" accounts at the same price they were purchased for (or potentially for more as they would have theoretically gained additional reputation by continuing to act honestly).

This is a very similar vulnerability that PoS altcoins have

 Roll Eyes Roll Eyes

You still need to put a lot of money upfront taking the risk that you'll be able to sell all of them at the same rate.
Again. It is pretty far stretch to assume someone will buy enough account to be able to highjack the whole pool.
hero member
Activity: 574
Merit: 500
October 24, 2014, 09:40:20 AM
No problem.

I PM'd an info thread to peeveepee to avoid derailing.  I don't know enough about Open Bazaar to do a comparative analysis.
hero member
Activity: 658
Merit: 501
October 24, 2014, 09:36:14 AM
Any guide to show how it actually work?

That is, if I am a small player and want to start a store business on the internet, how is the market going to benefit without me getting scammed?
Is this question concerning nxtfreemarket or Open Bazaar?

If the former please don't answer this question unless in the context of a comparative analysis of nxtfreemarket vs Open Bazaar as we don't want to derail this thread talking about alts.
full member
Activity: 211
Merit: 100
October 24, 2014, 09:18:19 AM
Do you guys want open bazaar specifically? or a decentralised ebay?


If it is the latter, then it is already here: http://nxtfreemarket.com/

If it is the former, ignore this post and continue to wait.

Any guide to show how it actually work?

That is, if I am a small player and want to start a store business on the internet, how is the market going to benefit without me getting scammed?
hero member
Activity: 680
Merit: 500
October 24, 2014, 09:09:19 AM
Might use this to get rid of some electronics and games. Looks like a worthwhile project I'm sick of ebay.
hero member
Activity: 658
Merit: 501
October 24, 2014, 08:33:21 AM
What is it that open bazaar will provide that other decentralised marketplaces don't, if you forgive the lazy question?

Many things like Ricardian Contracts, but rather than rehash these threads for you it doesn't matter if 2 decentralized marketplaces have the exact same features with the exact same technology(In this case there are profound differences) because we want multiple decentralized marketplaces for security to insure bugs, or attacks upon one marketplace don't bring down all decentralized electronic trade.

This is also what makes Bitcoin far more secure than any other alt at the moment: The scale of the amount of developers and research analysts all looking and checking the code and the fact that there exists multiple implementations which interact with the bitcoin block chain with different teams of developers, written in different languages is very important to the health of the ecosystem.

So yes, we welcome the Nxt marketplace as you should welcome the Open Bazaar marketplace if you want a healthy ecosystem.
hero member
Activity: 574
Merit: 500
October 24, 2014, 08:10:27 AM
Do you guys want open bazaar specifically? or a decentralised ebay?


There are other examples of decentralized marketplaces already existing with Bitcoin too...
BitXBay
https://bitcointalksearch.org/topic/completely-decentralized-and-anonymous-marketplace-589578

And to answer your question: We want many decentralized ecosystems competing in the marketplace.

The marketplace being outside of crypto?

What is it that open bazaar will provide that other decentralised marketplaces don't, if you forgive the lazy question?
hero member
Activity: 658
Merit: 501
October 24, 2014, 08:04:34 AM
Do you guys want open bazaar specifically? or a decentralised ebay?


There are other examples of decentralized marketplaces already existing with Bitcoin too...
BitXBay
https://bitcointalksearch.org/topic/completely-decentralized-and-anonymous-marketplace-589578

And to answer your question: We want many decentralized ecosystems competing in the marketplace.
hero member
Activity: 574
Merit: 500
October 24, 2014, 07:25:36 AM
Do you guys want open bazaar specifically? or a decentralised ebay?


If it is the latter, then it is already here: http://nxtfreemarket.com/

If it is the former, ignore this post and continue to wait.
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