Who gets the profits from this?
I am not really sure.. I think the developers gets the profit.
Topic: OpenBazaar - decentralized eBay - page 25. (Read 41770 times)
I am not really sure.. I think the developers gets the profit.
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.
Who gets the profits from this?
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.
There will be fees to the arbitrators if arbitrage is needed. No fees apply only if the trade goes smooth.
It all depend 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.
I can't see any situation where escrow would receive anything except for when they are not needed to mediate
I'm not sure to get your point. If a transaction when through smoothly it means that both party (seller and buyer) would agree to sign the transaction. The escrow signature is therefore not being used so both parties shouldn't have the ability to vote either good or bad and have a neutral effect on the escrow's reputation. Escrows don't have to step for transactions that go smooth.
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.
There will be fees to the arbitrators if arbitrage is needed. No fees apply only if the trade goes smooth.
It all depend 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.
I can't see any situation where escrow would receive anything except for when they are not needed to mediate
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.
There will be fees to the arbitrators if arbitrage is needed. No fees apply only if the trade goes smooth.
It all depend 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.
There will be fees to the arbitrators if arbitrage is needed. No fees apply only if the trade goes smooth.
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.
There will be fees to the arbitrators if arbitrage is needed. No fees apply only if the trade goes smooth.
can openbazaar be accessed without installing any type of software?
I mean,like ebay with an url
I mean,like ebay with an url
There are dependencies and software that needs to be installed. This isn't a site you go to with your browser, but a decentralized platform.
Someday as a buyer, it will probably be possible that a website will be set up that allows people to use OpenBazzar without the client. The guys over at NXT did just that with SecureAE. But don't expect it anytime soon.
To all ebay sellers:
Once open bazaar is ready, list all the things you sell on ebay at open bazaar. Next time you make a sale send a card to your open bazaar shop for future customers. Should be able to offer a discount with the savings, i will be
that is a good idea
Scammers are everywhere and they will be! It's about law and speed of his executing. In point where Cryptos are now, that's very difficult..
Hurry up with the opening, because the price of BTC will fall to the basement!
I can not wait to test the page!
I wish you BIG success with this project!
I don't think that the opening of open brazaar will cause the price of bitcoin to decline. Can you eliberate? Hurry up with the opening, because the price of BTC will fall to the basement!
I can not wait to test the page!
I wish you BIG success with this project!
I agree that the site will be full of scammers and there will be little way to police them and little way to make others aware of their scams
There will be a reputation system using proof-of-burn as an option.
https://blog.openbazaar.org/proof-of-burn-and-reputation-pledges/
You don't have to pay for reputation. You can use proof of burn to speed up your reputation but this is optional.
and is there any way to install it in windows or only linux?
Linux and OSX only right now -
https://github.com/OpenBazaar/OpenBazaar/wiki/Build-Instructions
https://blog.openbazaar.org/
Windows coming soon.
can openbazaar be accessed without installing any type of software?
I mean,like ebay with an url
I mean,like ebay with an url
There are dependencies and software that needs to be installed. This isn't a site you go to with your browser, but a decentralized platform.
can openbazaar be accessed without installing any type of software?
I mean,like ebay with an url
I mean,like ebay with an url
There are dependencies and software that needs to be installed. This isn't a site you go to with your browser, but a decentralized platform.
can openbazaar be accessed without installing any type of software?
I mean,like ebay with an url
I mean,like ebay with an url
Scammers are everywhere and they will be! It's about law and speed of his executing. In point where Cryptos are now, that's very difficult..
Hurry up with the opening, because the price of BTC will fall to the basement!
I can not wait to test the page!
I wish you BIG success with this project!
I don't think that the opening of open brazaar will cause the price of bitcoin to decline. Can you eliberate? Hurry up with the opening, because the price of BTC will fall to the basement!
I can not wait to test the page!
I wish you BIG success with this project!
I agree that the site will be full of scammers and there will be little way to police them and little way to make others aware of their scams
There will be a reputation system using proof-of-burn as an option.
https://blog.openbazaar.org/proof-of-burn-and-reputation-pledges/
You don't have to pay for reputation. You can use proof of burn to speed up your reputation but this is optional.
Scammers are everywhere and they will be! It's about law and speed of his executing. In point where Cryptos are now, that's very difficult..
Hurry up with the opening, because the price of BTC will fall to the basement!
I can not wait to test the page!
I wish you BIG success with this project!
I don't think that the opening of open brazaar will cause the price of bitcoin to decline. Can you eliberate? Hurry up with the opening, because the price of BTC will fall to the basement!
I can not wait to test the page!
I wish you BIG success with this project!
I agree that the site will be full of scammers and there will be little way to police them and little way to make others aware of their scams
There will be a reputation system using proof-of-burn as an option.
https://blog.openbazaar.org/proof-of-burn-and-reputation-pledges/
They are taking forever to open this - what's the delay?
Scheduled for early December.
They are taking forever to open this - what's the delay?
Scammers are everywhere and they will be! It's about law and speed of his executing. In point where Cryptos are now, that's very difficult..
Hurry up with the opening, because the price of BTC will fall to the basement!
I can not wait to test the page!
I wish you BIG success with this project!
I don't think that the opening of open brazaar will cause the price of bitcoin to decline. Can you eliberate? Hurry up with the opening, because the price of BTC will fall to the basement!
I can not wait to test the page!
I wish you BIG success with this project!
I agree that the site will be full of scammers and there will be little way to police them and little way to make others aware of their scams
There will be a reputation system using proof-of-burn as an option.
https://blog.openbazaar.org/proof-of-burn-and-reputation-pledges/
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