Topic: OpenBazaar - decentralized eBay - page 24. (Read 41580 times)
watching...
does anyone know an ETA fot the windows release?
I want to test it ASAP
I want to test it ASAP
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.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.
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.
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.
This is a very similar vulnerability that PoS altcoins have
Can't wait for this project to see fruition. It is a really exciting, unprecedented step in the right direction for decentralized technologies. Great job!
Yup i've got my online store going up there as soon as the Beta 3 windows build is ready.
-B-
-B-
Oh great! Sounds like I will be able to post some items on the bazaar really soon, can't wait.
:thumbs up:
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.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.
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.
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.
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.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.
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.
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.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.
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.
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.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.
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.
OpenBazaar is a great concept, and from the moment I learned of bitcoin, I kept wanting to build something like this myself (though sadly I never got around to it).
I think the beauty of the idea is that since it's decentralized by nature, anyone can build their own 'eBay' site/app to list the many products/services available throughout OpenBazaar. It would be like if eBay was open source and you didn't have to ever go to 'ebay.com' to buy/sell anything. I think early on this sort of concept would be best opened to developers to build applications/sites through which the later wave of public users could actually use. At this stage, it's too early for wide usage.
The major flaw though is that there is no incentive for arbitrators because there are no fees. And because there are no incentives for arbitrators, there will be a lot of scams abound ... or you'll have to rely on building trust over time; trustworthy buyers and repeat customers. So, I don't see this turning into eBay per se, but more of a decentralized e-commerce platform for shops, though still, it can easily become scam central.
Really, in the end, unfortunately it will work best for dark markets, which may in effect possibly drive up bitcoin transactions more than legal markets. Regardless of how much the OpenBazaar team claims to be against the sale of illegal goods/services, this platform will be best used for that purpose.
For it to work well for legal goods/services, there would have to be a fee structure with incentives for arbitrators/escrow services.
I think the beauty of the idea is that since it's decentralized by nature, anyone can build their own 'eBay' site/app to list the many products/services available throughout OpenBazaar. It would be like if eBay was open source and you didn't have to ever go to 'ebay.com' to buy/sell anything. I think early on this sort of concept would be best opened to developers to build applications/sites through which the later wave of public users could actually use. At this stage, it's too early for wide usage.
The major flaw though is that there is no incentive for arbitrators because there are no fees. And because there are no incentives for arbitrators, there will be a lot of scams abound ... or you'll have to rely on building trust over time; trustworthy buyers and repeat customers. So, I don't see this turning into eBay per se, but more of a decentralized e-commerce platform for shops, though still, it can easily become scam central.
Really, in the end, unfortunately it will work best for dark markets, which may in effect possibly drive up bitcoin transactions more than legal markets. Regardless of how much the OpenBazaar team claims to be against the sale of illegal goods/services, this platform will be best used for that purpose.
For it to work well for legal goods/services, there would have to be a fee structure with incentives for arbitrators/escrow services.
I agree. And the reputation system at this point seems quite complicated with algos behind the scenes. I am guessing as time goes on, it might get even more complicated.
Still, it is the reputation system that will make or break this project. If they figure out a way to make this happen, it can be one of the greatest markets and a true internet 2.0 market.
There will be fees to the arbitrators if arbitrage is needed. No fees apply only if the trade goes smooth.
It all depends on how the reputation system will work but I find very unlikely the arbitrators will receive any fees nor reputation "points" for transactions that went smooth and therefore didn't require their services.
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.
OpenBazaar is a great concept, and from the moment I learned of bitcoin, I kept wanting to build something like this myself (though sadly I never got around to it).
I think the beauty of the idea is that since it's decentralized by nature, anyone can build their own 'eBay' site/app to list the many products/services available throughout OpenBazaar. It would be like if eBay was open source and you didn't have to ever go to 'ebay.com' to buy/sell anything. I think early on this sort of concept would be best opened to developers to build applications/sites through which the later wave of public users could actually use. At this stage, it's too early for wide usage.
The major flaw though is that there is no incentive for arbitrators because there are no fees. And because there are no incentives for arbitrators, there will be a lot of scams abound ... or you'll have to rely on building trust over time; trustworthy buyers and repeat customers. So, I don't see this turning into eBay per se, but more of a decentralized e-commerce platform for shops, though still, it can easily become scam central.
Really, in the end, unfortunately it will work best for dark markets, which may in effect possibly drive up bitcoin transactions more than legal markets. Regardless of how much the OpenBazaar team claims to be against the sale of illegal goods/services, this platform will be best used for that purpose.
For it to work well for legal goods/services, there would have to be a fee structure with incentives for arbitrators/escrow services.
I think the beauty of the idea is that since it's decentralized by nature, anyone can build their own 'eBay' site/app to list the many products/services available throughout OpenBazaar. It would be like if eBay was open source and you didn't have to ever go to 'ebay.com' to buy/sell anything. I think early on this sort of concept would be best opened to developers to build applications/sites through which the later wave of public users could actually use. At this stage, it's too early for wide usage.
The major flaw though is that there is no incentive for arbitrators because there are no fees. And because there are no incentives for arbitrators, there will be a lot of scams abound ... or you'll have to rely on building trust over time; trustworthy buyers and repeat customers. So, I don't see this turning into eBay per se, but more of a decentralized e-commerce platform for shops, though still, it can easily become scam central.
Really, in the end, unfortunately it will work best for dark markets, which may in effect possibly drive up bitcoin transactions more than legal markets. Regardless of how much the OpenBazaar team claims to be against the sale of illegal goods/services, this platform will be best used for that purpose.
For it to work well for legal goods/services, there would have to be a fee structure with incentives for arbitrators/escrow services.
I agree. And the reputation system at this point seems quite complicated with algos behind the scenes. I am guessing as time goes on, it might get even more complicated.
Still, it is the reputation system that will make or break this project. If they figure out a way to make this happen, it can be one of the greatest markets and a true internet 2.0 market.
There will be fees to the arbitrators if arbitrage is needed. No fees apply only if the trade goes smooth.
It all depends on how the reputation system will work but I find very unlikely the arbitrators will receive any fees nor reputation "points" for transactions that went smooth and therefore didn't require their services.
OpenBazaar is a great concept, and from the moment I learned of bitcoin, I kept wanting to build something like this myself (though sadly I never got around to it).
I think the beauty of the idea is that since it's decentralized by nature, anyone can build their own 'eBay' site/app to list the many products/services available throughout OpenBazaar. It would be like if eBay was open source and you didn't have to ever go to 'ebay.com' to buy/sell anything. I think early on this sort of concept would be best opened to developers to build applications/sites through which the later wave of public users could actually use. At this stage, it's too early for wide usage.
The major flaw though is that there is no incentive for arbitrators because there are no fees. And because there are no incentives for arbitrators, there will be a lot of scams abound ... or you'll have to rely on building trust over time; trustworthy buyers and repeat customers. So, I don't see this turning into eBay per se, but more of a decentralized e-commerce platform for shops, though still, it can easily become scam central.
Really, in the end, unfortunately it will work best for dark markets, which may in effect possibly drive up bitcoin transactions more than legal markets. Regardless of how much the OpenBazaar team claims to be against the sale of illegal goods/services, this platform will be best used for that purpose.
For it to work well for legal goods/services, there would have to be a fee structure with incentives for arbitrators/escrow services.
I think the beauty of the idea is that since it's decentralized by nature, anyone can build their own 'eBay' site/app to list the many products/services available throughout OpenBazaar. It would be like if eBay was open source and you didn't have to ever go to 'ebay.com' to buy/sell anything. I think early on this sort of concept would be best opened to developers to build applications/sites through which the later wave of public users could actually use. At this stage, it's too early for wide usage.
The major flaw though is that there is no incentive for arbitrators because there are no fees. And because there are no incentives for arbitrators, there will be a lot of scams abound ... or you'll have to rely on building trust over time; trustworthy buyers and repeat customers. So, I don't see this turning into eBay per se, but more of a decentralized e-commerce platform for shops, though still, it can easily become scam central.
Really, in the end, unfortunately it will work best for dark markets, which may in effect possibly drive up bitcoin transactions more than legal markets. Regardless of how much the OpenBazaar team claims to be against the sale of illegal goods/services, this platform will be best used for that purpose.
For it to work well for legal goods/services, there would have to be a fee structure with incentives for arbitrators/escrow services.
I agree. And the reputation system at this point seems quite complicated with algos behind the scenes. I am guessing as time goes on, it might get even more complicated.
Still, it is the reputation system that will make or break this project. If they figure out a way to make this happen, it can be one of the greatest markets and a true internet 2.0 market.
There will be fees to the arbitrators if arbitrage is needed. No fees apply only if the trade goes smooth.
It all depends on how the reputation system will work but I find very unlikely the arbitrators will receive any fees nor reputation "points" for transactions that went smooth and therefore didn't require their services.
A few weeks old, but still good info on OpenBazaar:
Bitcoins and Gravy Episode #36: Airbitz.co & OpenBazaar.org
http://letstalkbitcoin.com/blog/post/bitcoins-and-gravy-episode-36-airbitzco-openbazaarorg
Bitcoins and Gravy Episode #36: Airbitz.co & OpenBazaar.org
http://letstalkbitcoin.com/blog/post/bitcoins-and-gravy-episode-36-airbitzco-openbazaarorg
Does ebay charge 15% fees ? And does Paypal steals our money ? Please tell me more about it. This is something I have never heard !! 
http://pages.ebay.com/help/sell/fees.html
Does ebay charge 15% fees ? And does Paypal steals our money ? Please tell me more about it. This is something I have never heard !!
Who gets the profits from this?
I am not really sure.. I think the developers gets the profit.
There's no profits. OpenBazaar is open source project.
Who gets the profits from this?
Buyers and sellers simple. Just like the bitcoin network.
The developers "profit" from donations to start the platform.
Something i was wondering was what is stopping sellers from listing huge tons of items or duplicates and flooding the site. This doesnt happen on ebay due to listing fees.
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