Author

Topic: Why is OpenBazaar getting seed funding? (Read 622 times)

sr. member
Activity: 251
Merit: 253
July 12, 2015, 07:59:51 PM
#10
Centralized? There's cryptothrift.com and there are a lot of users.

Yes. I'm aware  Wink

Several other competitors also


I cant find the source at the moment but I think much of the money was also going to fund supporting businesses for the OpenBazaar economy. OpenBazaar itself wont make money but the businesses supporting it (graphic design firms, logistics firms, etc) can

OB1
hero member
Activity: 686
Merit: 500
July 12, 2015, 07:23:06 PM
#9
Why would you invest one mil into something that has no way of generating any revenue?

Zero Fees. Zero Censorship.

I have a feeling that OpenBazaar is going to be 'decentralized' in the same manner as Ripple Tongue

I cant find the source at the moment but I think much of the money was also going to fund supporting businesses for the OpenBazaar economy. OpenBazaar itself wont make money but the businesses supporting it (graphic design firms, logistics firms, etc) can
legendary
Activity: 1764
Merit: 1000
July 12, 2015, 05:40:49 PM
#8
good question. however, there can still be centralized ebay-like sites

That's what I've been trying to build (launching soon), so obviously I'm not a big fan of OpenBazaar (threat to my business model  Tongue )

Trying to establish a marketplace that has excellent security, simple to use, trustworthy, and fees 1% or less

Centralized? There's cryptothrift.com and there are a lot of users. Decentralized is a new business, which could work for some
sr. member
Activity: 251
Merit: 253
July 12, 2015, 04:35:55 PM
#7
good question. however, there can still be centralized ebay-like sites

That's what I've been trying to build (launching soon), so obviously I'm not a big fan of OpenBazaar (threat to my business model  Tongue )

Trying to establish a marketplace that has excellent security, simple to use, trustworthy, and fees 1% or less
legendary
Activity: 1526
Merit: 1000
July 12, 2015, 09:12:17 AM
#6
In the crypto world "zero fees" is actually always:

 "zero fees*

*except where we take a cut converting from one type of currency to another and how we will make sure we benefit no matter which way the coin price goes."
legendary
Activity: 1764
Merit: 1000
July 12, 2015, 05:27:55 AM
#5
are you sure that arbiters or escrowers are not getting anything?

that zero fees quote is referring to everything concerning open bazar?

yeah, escrows get to choose their fees. but only on dispute. doubt you can make much money with escrowing
staff
Activity: 3500
Merit: 6152
July 12, 2015, 05:20:23 AM
#4
Are you sure about that ? even if it's true . sooner or later OpenBazaar will be famous for Bitcoin users and so more people will be using it. they could simply enable function to donate to the developpers or whoever controls the project . and they will get donations you can be sure Grin Take Darkwallet for example , They have 100 BTC and it's 75% of what they need to complete their project and they don't seem to have where they generate revenue after completing the project (just donations)
legendary
Activity: 3248
Merit: 1070
July 12, 2015, 05:04:25 AM
#3
are you sure that arbiters or escrowers are not getting anything?

that zero fees quote is referring to everything concerning open bazar?
legendary
Activity: 1764
Merit: 1000
July 12, 2015, 04:40:18 AM
#2
good question. however, there can still be centralized ebay-like sites build on top of openbazaar, I guess there's some money to make
sr. member
Activity: 251
Merit: 253
July 11, 2015, 10:37:03 PM
#1
Why would you invest one mil into something that has no way of generating any revenue?

Zero Fees. Zero Censorship.

I have a feeling that OpenBazaar is going to be 'decentralized' in the same manner as Ripple Tongue
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