Author

Topic: Why has no-one done a crypto Ebay? (Read 677 times)

hero member
Activity: 1904
Merit: 510
April 20, 2021, 03:16:44 PM
#52
why no one wants to do ebay crypto, the reason is because there are frequent failures to verify the mismatch of identity and other personnel data on the ebay account, and also the high percentage of failure of seller cases submitted by buyers to the resulution center, and unreasonable selling activities or violations serious about ebay regulations ..
newbie
Activity: 25
Merit: 0
November 22, 2020, 03:29:47 PM
#51
The problem with developing a crypto Ebay is that Ebay is so powerful now.
It would take a massive switch to get people to use an alternative to ebay.
Only when crypto is for normal everyday use is it worth anyone even trying.
hero member
Activity: 1946
Merit: 502
November 22, 2020, 03:28:31 PM
#50
I'm sick of the fees on Ebay it's become totally unprofitable for some items due to the massive fees. I use Facebook marketplace but that's more for local sales.

With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh..

Hey why you don't take a look at this https://cryptoemporium.eu/, I really found it interesting and surprisingly they have lots of items to buy, top items ranging from real estate, automobile, household utensils, electronic devices and much more, and all are being paid with crypto only, this is very nice site and I think all crypto lovers should be aware of it.
hero member
Activity: 1890
Merit: 831
November 22, 2020, 08:34:58 AM
#49
I do believe that OP wants to say ::::::
There are actually sites which are offering the same services but none of them are on :
Such a big scale
Well known
Frequently being used by people
Competition for ebay.
..

Now this can just be a failure of initiative or maybe the owners have not yet found a way to advertise it rightly.

I do believe that , all these sites can collaborate together and then have a better chance at being known.

,,,,,,

That aside I do believe for now we have to encash them if we do want to buy something since this way there are more local options and at the same time you can very easily skip the excess fee.
member
Activity: 182
Merit: 10
November 22, 2020, 08:23:16 AM
#48
As far as anyone is concerned, there are a few online locales that offer digital currency as their installment framework. A major issue is that it isn't affirmed by any administration which is the reason many are reluctant to do it. There are some web-based media-based locales where you can have the option to purchase everyday necessities yet you need to pay an expense. I think about a portion of the crypto eBay locales however I don't confide in them.
legendary
Activity: 3024
Merit: 2148
September 23, 2020, 03:40:19 PM
#47
As for the crypto Ebay, just think from a client perspective, you buy from a decentralized platform with no company behind it and pay with a non-reversible method.
A buyer's paradise!!!

This is why the argument that buyers will flock to crypto because merchants will offer them a few percents of discount just isn't that convincing to me. Consumers are ready to pay more to avoid negative experiences, and if crypto markets will have reputation for hosting scammers, there won't any huge adoption, and only hardcore crypto fans will be using them regularly.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
September 23, 2020, 12:40:00 PM
#46
99.9999% of crime is done using fiat.
99.9999% of everything is done using fiat, so of course it will be true for crime too.

Yeah, people tend to forget that while we have billions of transactions each day with fiat money, we have only 400k a day via bitcoin, there are 600millions tx in the entire chain, only VISA does 180 billion a year!!!! There are 700 billion transactions made with fiat every year digitally, and those are only 30% of the total, the rest is being done in cash. People always talk about how cash is used for drugs or for other shady deals, bitcoin couldn't handle even just drug purchases in the US right now without the LN, it couldn't even be used just by McDonald's Uk, not the worldwide company.

I think the criminal use of Bitcoin is something that we should just acknowledge and accept, there's no way to have both privacy and control over your money without having criminals attracted to it.

Nope, bitcoin is pure, virgin, and untainted, even claiming that it could be used for something malicious will results in you getting crucified by the cultist.
All the bad things that happen with bitcoin are actually made by undercover reptilians in order to discredit us!!!

As for the crypto Ebay, just think from a client perspective, you buy from a decentralized platform with no company behind it and pay with a non-reversible method.
A buyer's paradise!!!
hero member
Activity: 2352
Merit: 905
Metawin.com - Truly the best casino ever
September 22, 2020, 03:25:08 PM
#45
I'm sick of the fees on Ebay it's become totally unprofitable for some items due to the massive fees. I use Facebook marketplace but that's more for local sales.

With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh..
Why do you think that you could have near zero fees? Do you really think that marketplace won't set fees despite the fact that it uses cryptocurrencies? Marketplace is looking for profit, check how much profit does ebay makes and then you'll understand Ebay loves billions, green billions.

Crypto version of Ebay will be very hard to create and will require enormous amount of money. You have to attract buyers/sellers, increase demand/traffic, hire developers, customer supports, project managers and etc. Crypto doesn't have that much demand and one similar step from Ebay means your business is most likely gone. So, believe me, there won't be serious crypto analogue of Ebay, at least right now. In future, I don't know.
legendary
Activity: 2282
Merit: 1023
September 22, 2020, 02:49:40 PM
#44
I assume there are some “not well-known” e-commerce or “eBay” type stores who are adopting cryptocurrency payments already. It’s just that I don’t have the time to search all of them, but I know that there are some of them operating online (but not discovered by a lot of people).
I have purchased items in NewEgg in the past and then when i wanted items from Amazon i usually used to go to Purse.io and in the past it was great experience and i am not sure about the situation now.

To be honest, I have plans to operate an e-commerce store of my own since I also do part-time direct selling health-related products and accept cryptocurrency payments.
Good luck with your business plan. There are many options like BitPay to take care of your store to start accepting cryptocurrency.

I'm sick of the fees on Ebay it's become totally unprofitable for some items due to the massive fees. I use Facebook marketplace but that's more for local sales.

With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh..
I find it difficult to understand your query, what fees you are talking about in Ebay. I have not used them in a very long time but does they have a high charges than usual market charges, is that what you are talking about .
full member
Activity: 190
Merit: 100
September 22, 2020, 12:57:32 PM
#43
Why do you presume that crypto marketplaces will have zero or less fees than traditional markets? I am sure crypto related ecommerce websites will have more fees when coupled with transaction fees which will also eat into your profit margin.

Decentralized model is not always sustainable when it comes to an online marketplace that sells physical goods. Also the trust factor matters a lot! Don't stay under the impression that everything decentralized is good!

Because with a decentralized system it does not have to be profit oriented. You can just set the thing running and charge only what is needed to make it work. Ebay have a lot of staff and other overheads. Not that a decentralized system would always be great. If you need support you could be out of luck depending on how it's operated.

Darkweb is the biggest marketplace of internet and you could buy anything you want by paying cryptos. Also use market place section of bitcointalk as temporary solution in case if you need it.

Like I said I don't want to use the darkweb / tor.

TBH I might just try Ebid again, there's no necessity to use cryptocurrencies for this.
jr. member
Activity: 48
Merit: 2
September 22, 2020, 07:15:48 AM
#42
was looking at openbazzar today..  seems good but the lack of wallet creation and backup had me doubt its functionalities
You can quite easily backup your store/wallet with OpenBazaar, you can export your wallet seed as well. Wink
All in all OB seems good enough, but it really needs some support from the crypto community to gain notable traction. If all the HODLers used OB instead of ebay/amazon for their purchases, I'd bet it would have gotten big enough already. I did that and never regretted btw.  Cool
hero member
Activity: 2282
Merit: 659
Looking for gigs
September 22, 2020, 06:56:41 AM
#41
I assume there are some “not well-known” e-commerce or “eBay” type stores who are adopting cryptocurrency payments already. It’s just that I don’t have the time to search all of them, but I know that there are some of them operating online (but not discovered by a lot of people).

To be honest, I have plans to operate an e-commerce store of my own since I also do part-time direct selling health-related products and accept cryptocurrency payments.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
September 22, 2020, 01:35:22 AM
#40
I'm sick of the fees on Ebay it's become totally unprofitable for some items due to the massive fees. I use Facebook marketplace but that's more for local sales.

With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh..
Darkweb is the biggest marketplace of internet and you could buy anything you want by paying cryptos. Also use market place section of bitcointalk as temporary solution in case if you need it.
legendary
Activity: 3766
Merit: 1217
September 21, 2020, 10:17:43 PM
#39
I do not doubt that they will grow in the coming years if they continue like this:

I guess they are facing shortage of funds and manpower. Less than 10% of the startups will become successful. In the cryptocurrency sector, this proportion is even lower, I believe. We can't expect all of the online shopping sites to grow like eBay or Amazon. Also, getting investment from venture capitalists is more difficult for sites such as Bitify. They have a lot of disadvantages, but let's wait and see whether they will be able to grow.
hero member
Activity: 2730
Merit: 632
September 21, 2020, 06:50:16 PM
#38
I'm sick of the fees on Ebay it's become totally unprofitable for some items due to the massive fees. I use Facebook marketplace but that's more for local sales.

With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh..

Why do you presume that crypto marketplaces will have zero or less fees than traditional markets? I am sure crypto related ecommerce websites will have more fees when coupled with transaction fees which will also eat into your profit margin.

Decentralized model is not always sustainable when it comes to an online marketplace that sells physical goods. Also the trust factor matters a lot! Don't stay under the impression that everything decentralized is good!
You got some valid point which is actually some people do really think that decentralization could really be applied on anywhere and can really have that advantage or pros compared on traditional ecommerce sites that had already existed without even realizing nor looking back when it comes to fee matters then there would really be more compared when we do deal with fiat. Network fees+ platform deduction + volatility then these are the main reasons why it wont really be ideal on creating such marketplace.As mentioned by others that
theres already that openbazaar but it did really gain such attention or traction? No it havent.!
newbie
Activity: 1
Merit: 0
September 21, 2020, 04:45:48 PM
#37
was looking at openbazzar today..  seems good but the lack of wallet creation and backup had me doubt its functionalities
sr. member
Activity: 686
Merit: 251
I'm investigating Crypto Projects
September 21, 2020, 03:53:44 PM
#36
Here is why I think it's impossible to make a Crypto only Ebay. You need a crytical mass of users to buy and sell or you will not have a market and when you start it and 99% of the population can't use it since they don't know or use crypto how can you get a critical mass of users?

I think what can work is to make a Fiat + Crypto ebay clone and lower fees and that would work with good marketing.
legendary
Activity: 3080
Merit: 1500
September 21, 2020, 01:16:43 PM
#35
I'm sick of the fees on Ebay it's become totally unprofitable for some items due to the massive fees. I use Facebook marketplace but that's more for local sales.

With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh..

Why do you presume that crypto marketplaces will have zero or less fees than traditional markets? I am sure crypto related ecommerce websites will have more fees when coupled with transaction fees which will also eat into your profit margin.

Decentralized model is not always sustainable when it comes to an online marketplace that sells physical goods. Also the trust factor matters a lot! Don't stay under the impression that everything decentralized is good!
sr. member
Activity: 987
Merit: 289
Blue0x.com
September 21, 2020, 06:44:34 AM
#34
     On the surface there may be some which are good but on the deep/dark web (I don't know the exact term) there actually quite a lot. But a lot of those are quite shady though. Despite the case, there are also good and legit ones there which may not be without fees as what you may mean, but actually better than ebay rates. Do take note though that the fees depend on the site or the type of items you want to sell/buy. Although I highly doubt that big illegal ones that sell illegal things are still freely operating if there are, then it would be hard to find. Anyways, just sharing. Hope it helps.
full member
Activity: 1750
Merit: 118
September 21, 2020, 05:32:38 AM
#33
unprofitable?  you mean your a reseller ? but for a normal shopper , the fees wont be really be thier problem but as long as they can get the item safely on a trusted seller  . fees can also be depend on several aspect like shipping fee , seller  , etc.  on facebook , theres also shops that are international but be careful dealing them and always investigate them before proceeding on the checkout  . its my first time to hear about that crypto ebay , it was a decentralized version of ebay which only accepts cryptos  ? thats verry cool  .
full member
Activity: 190
Merit: 100
September 21, 2020, 05:03:59 AM
#32
I don't use Ebay, but don't some of those fees cover the taxes? I mean, as far as I know if you're selling something on Ebay, the taxes are considered paid, it's all legal. I also came accross this discussion that seems to confirm my hypothesis. So my point is, it's not only Ebay getting rich from the fees they impose (even though they are), but it's also the fees associated with the whole buying-selling business their fully legal. Darkweb markets are obviously not paying taxes (right?), and if a version of ebay accepted cryptos and did everything to remain legal, it would probably impose fees like that as well.

If the fees were tax then nobody could undercut their prices. But Ebid has significantly lower fees than Ebay does.

---------------------------------------------------------------------------------------------------------------

For others. I just want to make it clear I'm not talking about trading cryptocurrencies; I'm talking about buying and selling things.
legendary
Activity: 3276
Merit: 3537
Nec Recisa Recedit
September 21, 2020, 02:15:04 AM
#31
it's very difficult have a shop like ebay that use only cryptocurrencies.
Ebay it's one of kind, it has been able to gain the bigger portion of market share. Ok you can pay fees for listing but nowadays here you find a lot of stuffs listed and a lot of people ready to buy your stuffs.
I see a strong difference also respect other "famous" shop specialized in some fields (like DelCampe /HipStamps).
In comparison Just few people use cryptocurrencies... unless it become a new standard for the vast majority of population it's very hard we see a real ebay competitor able to use only cryptocurrencies.
sr. member
Activity: 1666
Merit: 268
September 21, 2020, 02:05:41 AM
#30
Everyone will complained if make transactions with large fees, To my knowledge, buying goods using Bitcoin on online
sites has a fairly large fee. Unfortunately, very few online stores accept Bitcoin payments. it's not that they don't want
to accept Bitcoin payments, but some of its governments prohibit using cryptocurrency for payments. But we must be
optimistic that there will be many online sites in the future that will legally accept Bitcoin payments.
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
September 21, 2020, 01:55:02 AM
#29
We have a lot of startups such as Bitify now. Who knows, in the next 5 to 10 years, one of them may even overtake eBay.

I do not doubt that they will grow in the coming years if they continue like this:





I think the reason we don't see "crypto Ebay" sites is because there are still legal and high volatility issues. Because a person who doesn't have bitcoin will hardly want to go buy bitcoin with his bank card and pay a high fee and then take the bitcoins he just bought to go buy something on some website where they accept bitcoin as a means of payment. while you can simply buy things there on ebay with your bank card (even though it also has a high fee, it still has the issue of being more practical in relation to having to buy bitcoin and then having to take bitcoin to go to the site that accept bitcoin and still run the risk of the bitcoin price having a big dump and the value does not reach to buy the thing that the person wanted to buy)



legendary
Activity: 3766
Merit: 1217
September 21, 2020, 01:22:52 AM
#28
There are several sites similar to Ebay, such as Bitify. Everyone want online shops similar to Ebay. But do you guys know how long it took for Ebay to grow to its present state? Ebay was founded in 1995 and for the first 2-3 years, it only had a few thousand users. Only after Pierre Omidyar received a loan of $6.7 million from Benchmark Capital, the site was expanded and the business increased. We have a lot of startups such as Bitify now. Who knows, in the next 5 to 10 years, one of them may even overtake eBay.
full member
Activity: 1232
Merit: 186
September 20, 2020, 08:49:19 PM
#27
I know about some of the crypto ebay sites but I don't trust them.
Me too. Don't get me wrong, I am really hungry for a shop (whether physical or online) that accepts btc payments because until now I can't find a nearest one. However, you can't blame others, including me, if it's hard for me to appreciate them. You know, their name is not that big yet thus hard to believe in. Maybe they need more publicity, more advertisements so that they become more famous and build a stronger reputation Smiley.
hero member
Activity: 2702
Merit: 672
I don't request loans~
September 20, 2020, 08:22:29 PM
#26
I was actually thinking that too, recently. Even if most of the people that have bought cryptos are just holding them, there should be an eshop for those that want to keep their anonymity when they'll pay. I don't understand why ebay does not allow their users to accept bitcoin. (with their own responsibility)
That's the thing, they can't take full responsibility for it, either in terms of security or in terms of applying Bitcoin as a payment model currently. Can't really force them to put something out when they themselves don't really see any advantages in doing so.

Additionally, afaik Ebay fees are mostly on them being a third party middleman between the seller and buyer plus the fees from delivering items from place to place, add that to the additional fees they get for profit, fees would naturally be quite insane, especially if you're buying from someone overseas. I highly doubt crypto could even do something about it, since it isn't the issue of transferring money, but rather the issue of the fees of transferring the items.
legendary
Activity: 3024
Merit: 2148
September 20, 2020, 06:51:04 PM
#25
99.9999% of crime is done using fiat.

99.9999% of everything is done using fiat, so of course it will be true for crime too. What you should look for is relative amounts, like percentage of criminal transactions on the network. I'm sure this is higher for Bitcoin than it is for banks, because with all the KYC and financial monitoring, it's just harder to move big amounts of money. Or take ransomware for example, Bitcoin is already a dominant payment method there. I think the criminal use of Bitcoin is something that we should just acknowledge and accept, there's no way to have both privacy and control over your money without having criminals attracted to it.
legendary
Activity: 2730
Merit: 7065
September 20, 2020, 04:10:14 PM
#24
I don't understand why ebay does not allow their users to accept bitcoin. (with their own responsibility)
Because they can't offer buyer protection with Bitcoin. When people get scammed (it's not a question of if, but when) they will be scammed while using Ebay's services. They probably don't want such tags. Even if they were to state in their TOS that they don't provide any guarantees or recommend that users pay with Bitcoin, people wouldn't care and would hold Ebay accountable.   
sr. member
Activity: 906
Merit: 263
September 20, 2020, 03:58:07 PM
#23
There are market places that you can pay bitcoin or crypto with. They do not accept it directly though, they usually handle it through a third party payment processor much like bitpay works.
It would not be legal and more of a black market kinda thing. The government would probably scrutinize the shit out of it.
Your vision is good and indeed it might be the future but man bitcoin has a long, long way to go before there can be sites like these. It could be a thing in niche crypto markets where its legal though.
By the way, you can buy gift cards kinda stuff via Bitcoin.


You already get legal markets you can spend bitcoin on -_- There are many things you can buy with bitcoins.

First of all, a "crypto Ebay" would not be feeless. Handling with Bitcoin costs always fees.
Secondly, crypto Ebay's already exist in the Dark Web. There you can find many marketplaces and Ebay clones where you can buy all things and stuff (legal and illegal) with Bitcoin and cryptos like Monero.
Maybe OP didn't know about it or had forgotten about how crypto became famous in the dark web for something like that,
And we still carry it till this day because some still see's crypto or Bitcoin only as a money for illegal activities because it was once known for that purpose.

99.9999% of crime is done using fiat.
legendary
Activity: 1134
Merit: 1598
September 20, 2020, 02:15:13 PM
#22
It would not be legal and more of a black market kinda thing. The government would probably scrutinize the shit out of it.
Your vision is good and indeed it might be the future but man bitcoin has a long, long way to go before there can be sites like these. It could be a thing in niche crypto markets where its legal though.
By the way, you can buy gift cards kinda stuff via Bitcoin.
Craigslist exists (and Romania has OLX), and it's not illegal. Why would a BTC marketplace be? OpenBazaar has been out there for a while and I don't reckon having read about someone who's got a problem with it yet. It's a peer-to-peer market, there's nothing illegal in it.
jr. member
Activity: 42
Merit: 2
September 20, 2020, 01:13:56 PM
#21
It would not be legal and more of a black market kinda thing. The government would probably scrutinize the shit out of it.
Your vision is good and indeed it might be the future but man bitcoin has a long, long way to go before there can be sites like these. It could be a thing in niche crypto markets where its legal though.
By the way, you can buy gift cards kinda stuff via Bitcoin.
hero member
Activity: 2086
Merit: 501
★Bitvest.io★ Play Plinko or Invest!
September 20, 2020, 01:06:27 PM
#20
First of all, a "crypto Ebay" would not be feeless. Handling with Bitcoin costs always fees.
Secondly, crypto Ebay's already exist in the Dark Web. There you can find many marketplaces and Ebay clones where you can buy all things and stuff (legal and illegal) with Bitcoin and cryptos like Monero.
Maybe OP didn't know about it or had forgotten about how crypto became famous in the dark web for something like that,
And we still carry it till this day because some still see's crypto or Bitcoin only as a money for illegal activities because it was once known for that purpose.
sr. member
Activity: 1008
Merit: 250
September 20, 2020, 12:59:23 PM
#19
To my knowledge, there are several online sites that offer cryptocurrency as their payment system. A big problem is that it is not approved by any government which is why many are afraid to do it. There are some social media based sites where you can be able to buy daily necessities but you have to pay fee. I know about some of the crypto ebay sites but I don't trust them.
full member
Activity: 173
Merit: 120
September 20, 2020, 09:18:52 AM
#18
I'm sick of the fees on Ebay it's become totally unprofitable for some items due to the massive fees. I use Facebook marketplace but that's more for local sales.

With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh..
As an interesting historical footnote Satoshi himself was considering an 'eBay like marketplace' use-case for bitcoin when he first designed it and even had an partial framework coded in his initial release. His rational for even attempting it further illustrates his amazing vision/brilliance:

Quote
Satoshi Nakamoto <[email protected]> Wed, Mar 9, 2011 at 7:39 PM
To: Mike Hearn <[email protected]>

There's an unfinished part of the protocol that deals with setting up publisher/subscriber channels for distributed routing via the network. What was the purpose of this? Was the idea to have a p2p market or did it have some kind of lower level function, like perhaps broadcasting expected tx fees?

I was trying to implement an eBay style marketplace built in to the client. Publish/subscribe would be used for broadcasting product offers and ratings/reviews. Your reviews would be weighted by the blocks you've generated. I rightly abandoned it in favour of JSON-RPC, so other authors could implement it externally. The publish/subscribe "meet in the middle" mechanism was an interesting concept, but nothing remains that uses it.

It was part of writing code to explore the most technically demanding use cases and make sure Bitcoin could support everything that might be needed in the future, given the locked-in nature of the rules once the block chain started.
sr. member
Activity: 2436
Merit: 455
September 20, 2020, 08:26:00 AM
#17
First of all, a "crypto Ebay" would not be feeless. Handling with Bitcoin costs always fees.
Secondly, crypto Ebay's already exist in the Dark Web. There you can find many marketplaces and Ebay clones where you can buy all things and stuff (legal and illegal) with Bitcoin and cryptos like Monero.

I agree. With bitcoin, I think the fee might be lessen only a little bit if ebay will accept it as a method of payment. Also, adding that feature on their store needs a proper survey, because they will spend money on it if they want to put it on their store. If the survey turns out that there are less people who are willing to pay in Bitcoin, then there's no point on adding it on their feature, simple as that.
full member
Activity: 1624
Merit: 163
September 20, 2020, 07:50:54 AM
#16
We might have near zero fee (assuming that the cryptocurrency used is not Bitcoin or ETH), but isn't this more dangerous that centralized platform? because we can't deny that even centralized are prone to fraudulent activities, what more if a decentralized and anonymous platform for ecommerce is created? decentralized ecommerce platform will be hard to implement to be honest.
legendary
Activity: 3248
Merit: 1402
Join the world-leading crypto sportsbook NOW!
September 20, 2020, 04:35:16 AM
#15
First of all, a "crypto Ebay" would not be feeless. Handling with Bitcoin costs always fees.
Secondly, crypto Ebay's already exist in the Dark Web. There you can find many marketplaces and Ebay clones where you can buy all things and stuff (legal and illegal) with Bitcoin and cryptos like Monero.

I just meant feeless from the Ebay perspective. They charge huge ammounts of money to sell things. Crypto transactions can be tiny.
Like I said I don't want to use the darkweb. This isn't about doing something illegal it's about having a cheaper and more viable alternative to Ebay.
There is also Ebid but nobody really uses it so it's always about having that critical mass I suppose.
I don't use Ebay, but don't some of those fees cover the taxes? I mean, as far as I know if you're selling something on Ebay, the taxes are considered paid, it's all legal. I also came accross this discussion that seems to confirm my hypothesis. So my point is, it's not only Ebay getting rich from the fees they impose (even though they are), but it's also the fees associated with the whole buying-selling business their fully legal. Darkweb markets are obviously not paying taxes (right?), and if a version of ebay accepted cryptos and did everything to remain legal, it would probably impose fees like that as well.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
September 20, 2020, 03:59:26 AM
#14
I was actually thinking that too, recently. Even if most of the people that have bought cryptos are just holding them, there should be an eshop for those that want to keep their anonymity when they'll pay. I don't understand why ebay does not allow their users to accept bitcoin. (with their own responsibility)

Amazon did that, no need for eBay.
When did amazon do that? I can still see that it only accepts paypal, bank transfer and gift cards.

With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh..
Of course you shouldn't trust it. 99% of the dark web's marketplaces are scams. Guess why, because you can't catch them.
member
Activity: 476
Merit: 12
September 20, 2020, 03:34:13 AM
#13
Amazon did that, no need for eBay.
eBay is a private exchange and people need to pay a fee for advertising. Profits from trading crypto are certainly not high since almost all exchanges can exchange crypto, trade OTC. Paying an ad for eBay is wasteful and impractical. It is more of a promotion than sales.
legendary
Activity: 3472
Merit: 10611
September 20, 2020, 01:01:48 AM
#12
What do you mean? There are (or have been) several. Here's a decentralized one: https://openbazaar.org/

Sadly after checking it out again a few months ago after not using it for years, it seems to still not get any decent traction. As expected, unfortunately having something to be decentralized or non-custodial significantly hurts the UX.

anything decentralized that has to have the user do everything is going to suffer from pretty much the same problems and the biggest one is that people don't use them as much so that they can be improved (with their reports, etc.). OpenBazaar is similar to decentralized exchanges with the difference that unlike DEX people are less willing to spend their bitcoin than they are trading it.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
September 20, 2020, 12:41:25 AM
#11
The idea of "crypto ebay" isn't something brand new. You can buy different goods with Bitcoin now. For example, Purse.io is probably the most popular solution for buying on Amazon.com using Bitcoin. Overstock and Newegg also accept Bitcoin.

Those are definitely alternatives if you want to pay with bitcoin, but it's safe to assume that OP is asking for a platform that accepts bitcoin in a seller's perspective as he's complaint is about the unprofitability due to the hefty fees.
jr. member
Activity: 147
Merit: 6
September 20, 2020, 12:21:46 AM
#10
The idea of "crypto ebay" isn't something brand new. You can buy different goods with Bitcoin now. For example, Purse.io is probably the most popular solution for buying on Amazon.com using Bitcoin. Overstock and Newegg also accept Bitcoin.
sr. member
Activity: 1554
Merit: 413
September 19, 2020, 10:49:35 PM
#9
What do you mean? There are (or have been) several. Here's a decentralized one: https://openbazaar.org/

Maybe I could have said "are there any" really because there's bound to be something just not something which is necessarily making it on a big scale.
So there are peer-to-peer marketplaces on the internet. The question that we should really ask is why are they not gaining traction? Why do traders like Galahad still prefer to use centralized platforms like Ebay that charges excessive service fees to their users?

Instead of looking for something that is "big scale", maybe start supporting the existing platlorms like Openbazaar so that it will be big one day? No matter how many "crypto Ebay" you put up, it will die if there will be no users.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
September 19, 2020, 10:26:40 PM
#8
What do you mean? There are (or have been) several. Here's a decentralized one: https://openbazaar.org/


Sadly after checking it out again a few months ago after not using it for years, it seems to still not get any decent traction. As expected, unfortunately having something to be decentralized or non-custodial significantly hurts the UX.
full member
Activity: 504
Merit: 102
CLEARSIGHT- THE #1 BLOCKCHAIN JOB PLATFORM
September 19, 2020, 08:57:06 PM
#7
There are many ways to reach cryptocurrencies and which environment is better people will use. Trading cryptocurrencies on EBAY has a lot of fees and people don't like it.
Telegram, Facebook, Twitter, advertising on OTC-enabled exchanges will be better.
legendary
Activity: 2506
Merit: 1394
September 19, 2020, 06:20:27 PM
#6
I already used Facebook Marketplace too, the only downside of Facebook Marketplace is some people may not accept cryptocurrencies, depends on  what mode of payment they are accepting. But to be honest in our country or just in our local area, most of the people here don't really use Bitcoin or other cryptocurrency. That's why when I will use Facebook Marketplace, I am converting my Bitcoins to our own currency (Philippine Peso (PHP)).
full member
Activity: 190
Merit: 100
September 19, 2020, 06:01:54 PM
#5
First of all, a "crypto Ebay" would not be feeless. Handling with Bitcoin costs always fees.
Secondly, crypto Ebay's already exist in the Dark Web. There you can find many marketplaces and Ebay clones where you can buy all things and stuff (legal and illegal) with Bitcoin and cryptos like Monero.

I just meant feeless from the Ebay perspective. They charge huge ammounts of money to sell things. Crypto transactions can be tiny.
Like I said I don't want to use the darkweb. This isn't about doing something illegal it's about having a cheaper and more viable alternative to Ebay.
There is also Ebid but nobody really uses it so it's always about having that critical mass I suppose.
tyz
legendary
Activity: 3360
Merit: 1533
September 19, 2020, 05:23:06 PM
#4
First of all, a "crypto Ebay" would not be feeless. Handling with Bitcoin costs always fees.
Secondly, crypto Ebay's already exist in the Dark Web. There you can find many marketplaces and Ebay clones where you can buy all things and stuff (legal and illegal) with Bitcoin and cryptos like Monero.
full member
Activity: 190
Merit: 100
September 19, 2020, 02:11:52 PM
#3
What do you mean? There are (or have been) several. Here's a decentralized one: https://openbazaar.org/

Maybe I could have said "are there any" really because there's bound to be something just not something which is necessarily making it on a big scale.
legendary
Activity: 4466
Merit: 3391
September 19, 2020, 02:05:21 PM
#2
What do you mean? There are (or have been) several. Here's a decentralized one: https://openbazaar.org/
full member
Activity: 190
Merit: 100
September 19, 2020, 01:50:13 PM
#1
I'm sick of the fees on Ebay it's become totally unprofitable for some items due to the massive fees. I use Facebook marketplace but that's more for local sales.

With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh..
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