Just like bitcoin it's an interesting concept and experiment for sure. As I understand it anyone can use the software to set up their own sites so new ebay-like sites and also darknet sites will surely rise up. I really would love seeing a competitor to ebay arise, especially one that is free. Why wouldnt people use it?
The only issue I see is the complicated method of setting up shop so far. Your everyday "ebay seller" won't have a clue how to do this they barely can turn on a computer....https://blog.openbazaar.org/openbazaar-beta-1-0-tutorial/
Yeah that's a good point actually. I'll have to read a bit more into that. I'm sure like most technology it will get easier and simpler to use as time goes on.
I know somebody who has an ebay business. They would love to not have the fees. I could easily see them using this tech.
At the same time, ebay/paypal makes buyers feel safe. And ultimately buyers need a way to feel safe. If a buyer is buying drugs that they can't get elsewhere, yes an open bazaar is worth a try. But if somebody just wants to buy regular things, amazon and ebay offer much more consumer protection. Until this point is addressed very well, this kind of tech will have problems.
I am an optimist and I do believe that it will eventually be addressed.
Open Bazaar will offer notary, arbitration and reputation system using proof-of-burn. When everything will be geared up, I don't see why it will be any less secure than ebay/paypal.
