Finally something I have been waiting for, OpenBazaar is pretty much a decentralized ebay based on DarkMarket which is a P2P trading platform.
It sounds really good, but in reality it will not work :/. I hope im wrong, i really am. It would be huge for bitcoin, but i don't see it for many reasons. 
Topic: OpenBazaar - decentralized eBay - page 4. (Read 41755 times)
Now this is something I would like to see. A direct competitor to eBay which has no fees or restrictions at all. Now the people would have the liberty to buy and sell on this marketplace, without the need to worry about fees and restrictions like Paypal and eBay. This would definitely have an effect on Bitcoin's wide acceptance and mainstream adoption. Just my opinion 
I never even heard of BitMit, how do you guys find about these kind things so early?
Elwar is like the Godfather on this forum for knowing literally everywhere to spend bitcoin.
Bitmit was a website from the earlier days of bitcoin. Back when bitcoins were like $8 Elwar is like the Godfather on this forum for knowing literally everywhere to spend bitcoin.
I'm currently doing my beta market with the beta release. It's very good, very easy to use and the interaction will be promising. Also, respect the privacy which is an important topic.
And I think open OB has been released on some sort of beta I believe.
It's currently beta 0.5, there are still a few issues they need to iron out
I don't expect it to gain popularity until a few months after the final release
So far it seems promising
I never even heard of BitMit, how do you guys find about these kind things so early?
Elwar is like the Godfather on this forum for knowing literally everywhere to spend bitcoin.
Elwar is like the Godfather on this forum for knowing literally everywhere to spend bitcoin.
He tried to sell the business, even had offers for $250k+ but felt it was worth more.
I did not know that. If it were me I would've sold the majority of it and taken a back seat. There's always been a hunger for this type of market and it was starting to go places.
Quote
# Visitors
In the last month Bitmit did have 8-10k unique visitors / day.
Country / Territory % Visits
United States 39.00%
Germany 6.53%
United Kingdom 5.90%
Canada 4,951%
Spain 2.85%
Russia 2.16%
Netherlands 2.08%
France 2.06%
In the last month Bitmit did have 8-10k unique visitors / day.
Country / Territory % Visits
United States 39.00%
Germany 6.53%
United Kingdom 5.90%
Canada 4,951%
Spain 2.85%
Russia 2.16%
Netherlands 2.08%
France 2.06%
https://bitcointalksearch.org/topic/m.3660380
But how did that translate into sales? He should have sold the business or hired people rather than shut it down. Seems silly to kill a bitcoin business. We need more companies not ones packing in just because its hard work. No business is easy but you have to work hard to reap the rewards. Shame.
He tried to sell the business, even had offers for $250k+ but felt it was worth more. Apparently waiting for that $10 million VC investment to make him rich.
On that note, does OpenBazaar have an auction feature or is it all just stores with fixed prices?
openbazaar is awesome but is until now completly broken and is useless. We wait for the new version now but i am sure that and htis version will be broken and will need another 6 months to be stable. You cant lure users in systems like this.
Considering Openbazaar has not been released yet this makes no sense.
At least wait until it's been released before you talk about how useless it is.
He should have just taken the quarter of a million for it. Better than it just lying dormant not doing anything.
And I think open OB has been released on some sort of beta I believe.
it has release 10 months now and i am from their first user, i run 24/7 shop there and i am from the small group that has prurchase something from there.
Quote
# Visitors
In the last month Bitmit did have 8-10k unique visitors / day.
Country / Territory % Visits
United States 39.00%
Germany 6.53%
United Kingdom 5.90%
Canada 4,951%
Spain 2.85%
Russia 2.16%
Netherlands 2.08%
France 2.06%
In the last month Bitmit did have 8-10k unique visitors / day.
Country / Territory % Visits
United States 39.00%
Germany 6.53%
United Kingdom 5.90%
Canada 4,951%
Spain 2.85%
Russia 2.16%
Netherlands 2.08%
France 2.06%
https://bitcointalksearch.org/topic/m.3660380
But how did that translate into sales? He should have sold the business or hired people rather than shut it down. Seems silly to kill a bitcoin business. We need more companies not ones packing in just because its hard work. No business is easy but you have to work hard to reap the rewards. Shame.
He tried to sell the business, even had offers for $250k+ but felt it was worth more. Apparently waiting for that $10 million VC investment to make him rich.
On that note, does OpenBazaar have an auction feature or is it all just stores with fixed prices?
openbazaar is awesome but is until now completly broken and is useless. We wait for the new version now but i am sure that and htis version will be broken and will need another 6 months to be stable. You cant lure users in systems like this.
Considering Openbazaar has not been released yet this makes no sense.
At least wait until it's been released before you talk about how useless it is.
Quote
# Visitors
In the last month Bitmit did have 8-10k unique visitors / day.
Country / Territory % Visits
United States 39.00%
Germany 6.53%
United Kingdom 5.90%
Canada 4,951%
Spain 2.85%
Russia 2.16%
Netherlands 2.08%
France 2.06%
In the last month Bitmit did have 8-10k unique visitors / day.
Country / Territory % Visits
United States 39.00%
Germany 6.53%
United Kingdom 5.90%
Canada 4,951%
Spain 2.85%
Russia 2.16%
Netherlands 2.08%
France 2.06%
https://bitcointalksearch.org/topic/m.3660380
But how did that translate into sales? He should have sold the business or hired people rather than shut it down. Seems silly to kill a bitcoin business. We need more companies not ones packing in just because its hard work. No business is easy but you have to work hard to reap the rewards. Shame.
openbazaar is awesome but is until now completly broken and is useless. We wait for the new version now but i am sure that and htis version will be broken and will need another 6 months to be stable. You cant lure users in systems like this.
It will also be much, much cheaper to use than eBay. I can't wait that they finish it though.
It might be cheaper and even better, but without the numbers or userbase it wont be much good. It's how I look at bitcoin. Obviously its better than fiat but it just doesn't have the userbase or merchant adoption yet.
The Bitcoin ebay site, BitMit, did pretty well with many merchants and quite a few users. And that was just a website run by one guy (who apparently was overwhelmed and shut it down).
Bitmit really wasn't doing that well and if it was it wouldn't have shut down. He could have just hired more people. Why would you kill a growing business. Cryptothrift is another. Sure people use it but not enough for it to be significant.
Maybe they weren't a growing business but still doing ok yet the owners had even better options to make money. Then you would just sell the business though.
Nah, he just wasn't ready to run a business.
Quote
The reason I want to let other people take
over Bitmit is simply that I prefer to focus on other things in my life.
Bitmit has taken too much of my life and I sleep way better when I don't
have to take care of thousands of dollars of user funds. This does not
mean that I think Bitmit is not secure but it's a big responsibility to
manage so much funds of other people.
over Bitmit is simply that I prefer to focus on other things in my life.
Bitmit has taken too much of my life and I sleep way better when I don't
have to take care of thousands of dollars of user funds. This does not
mean that I think Bitmit is not secure but it's a big responsibility to
manage so much funds of other people.
Quote
# Visitors
In the last month Bitmit did have 8-10k unique visitors / day.
Country / Territory % Visits
United States 39.00%
Germany 6.53%
United Kingdom 5.90%
Canada 4,951%
Spain 2.85%
Russia 2.16%
Netherlands 2.08%
France 2.06%
In the last month Bitmit did have 8-10k unique visitors / day.
Country / Territory % Visits
United States 39.00%
Germany 6.53%
United Kingdom 5.90%
Canada 4,951%
Spain 2.85%
Russia 2.16%
Netherlands 2.08%
France 2.06%
https://bitcointalksearch.org/topic/m.3660380
It will also be much, much cheaper to use than eBay. I can't wait that they finish it though.
It might be cheaper and even better, but without the numbers or userbase it wont be much good. It's how I look at bitcoin. Obviously its better than fiat but it just doesn't have the userbase or merchant adoption yet.
The Bitcoin ebay site, BitMit, did pretty well with many merchants and quite a few users. And that was just a website run by one guy (who apparently was overwhelmed and shut it down).
Bitmit really wasn't doing that well and if it was it wouldn't have shut down. He could have just hired more people. Why would you kill a growing business. Cryptothrift is another. Sure people use it but not enough for it to be significant.
Maybe they weren't a growing business but still doing ok yet the owners had even better options to make money. Then you would just sell the business though.
It will also be much, much cheaper to use than eBay. I can't wait that they finish it though.
It might be cheaper and even better, but without the numbers or userbase it wont be much good. It's how I look at bitcoin. Obviously its better than fiat but it just doesn't have the userbase or merchant adoption yet.
The Bitcoin ebay site, BitMit, did pretty well with many merchants and quite a few users. And that was just a website run by one guy (who apparently was overwhelmed and shut it down).
Bitmit really wasn't doing that well and if it was it wouldn't have shut down. He could have just hired more people. Why would you kill a growing business. Cryptothrift is another. Sure people use it but not enough for it to be significant.
how thing is going to be insured?
It will also be much, much cheaper to use than eBay. I can't wait that they finish it though.
It might be cheaper and even better, but without the numbers or userbase it wont be much good. It's how I look at bitcoin. Obviously its better than fiat but it just doesn't have the userbase or merchant adoption yet.
Without some huge media campaign I think it will take a while to build up a sizeable OB userbase (especially to people outside the btc community), it took Ebay years to get established so I expect OpenBazaar will also face the same challenge.
But OpenBazaar have no fees and no restrictions. It might take years to get a fairly large user base but it has a good incentives for people to use it.
People use ebay for the user base so yeah it should start out a quirky market place but end up looking like ebay with tons more stuff.
It will also be much, much cheaper to use than eBay. I can't wait that they finish it though.
It might be cheaper and even better, but without the numbers or userbase it wont be much good. It's how I look at bitcoin. Obviously its better than fiat but it just doesn't have the userbase or merchant adoption yet.
Without some huge media campaign I think it will take a while to build up a sizeable OB userbase (especially to people outside the btc community), it took Ebay years to get established so I expect OpenBazaar will also face the same challenge.
But OpenBazaar have no fees and no restrictions. It might take years to get a fairly large user base but it has a good incentives for people to use it.
It will also be much, much cheaper to use than eBay. I can't wait that they finish it though.
It might be cheaper and even better, but without the numbers or userbase it wont be much good. It's how I look at bitcoin. Obviously its better than fiat but it just doesn't have the userbase or merchant adoption yet.
The Bitcoin ebay site, BitMit, did pretty well with many merchants and quite a few users. And that was just a website run by one guy (who apparently was overwhelmed and shut it down).
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