How does this work? Where is the store list stored?
Open Bazaar – decentralized Bitcoin marketplace
21–30 of 265 posts
Re: Open Bazaar – decentralized Bitcoin marketplace
#22Seems to be some confusion... To clarify OpenBazaar's "No Transaction Fees" , it means there are no marketplace platform fees. To compare with ebay, to sell an item for $500 and charge $20 for shipping ($520): - eBay fee: ~10% of final bid value + 10% of any shipping charge added on = $52 - PayPal fee: 2.9% of payment = $15.08 The bitcoin network would eliminate the PayPal fees. (The bitcoin fees would still exist bu…
It is a good idea to pay someone for escrow services.
Re: Open Bazaar – decentralized Bitcoin marketplace
#23Seems to be some confusion... To clarify OpenBazaar's "No Transaction Fees" , it means there are no marketplace platform fees. To compare with ebay, to sell an item for $500 and charge $20 for shipping ($520): - eBay fee: ~10% of final bid value + 10% of any shipping charge added on = $52 - PayPal fee: 2.9% of payment = $15.08 The bitcoin network would eliminate the PayPal fees. (The bitcoin fees would still exist bu…
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Re: Open Bazaar – decentralized Bitcoin marketplace
#24Re: Open Bazaar – decentralized Bitcoin marketplace
#25Nothing is free, so here are my brief ideas for funding this: - Ads - "premium features" for sellers - "promoted" sellers - Fees for those that want to be "Secure Escrow and Dispute Resolution" accounts
According to https://www.openbazaar.org/about/
They founded a company, OB1, with a $1 million venture capital investment from Union Square Ventures and Andreessen Horowitz. [...] OB1 received a second round of investment for $3 million in the fall of 2016.
OK, so just to clarify, this is a for-profit project produced by a central party with no stated plan for monetization. That is IMHO dubious. Their website http://ob1.io/ includes a couple of hints as to how profits may be eventually sought: a search engine for Open Bazaar and a cloud based Open Bazaar store launching service. Then there is the fact a small cabal have probably premined all the easily obtainable coins (SYSPOOL, Give Me Coins, F2Pool), which means if the value goes up they profit handsomely.
Note that http://ob1.io/about.html lists some more investors: BlueYard Capital, Digital Currency Group and William Mougayar.
Re: Open Bazaar – decentralized Bitcoin marketplace
#26Am I the only one here that gets a little terrified by this kind of thing? I mean I'm fine if they're just selling recreational drugs. But, we all know that there are much worse things people will be selling on these crypto markets than just plain old LSD and marijuana. Can we find a way to help law enforcement police at the very least the really, really bad stuff?
Re: Open Bazaar – decentralized Bitcoin marketplace
#27Re: Open Bazaar – decentralized Bitcoin marketplace
#28It's not anonymous at all right now. I believe they're working on Tor support for the future however.
how bout this? https://github.com/OpenBazaar/openbazaar-go/pull/342
A PR for "Tor"
Re: Open Bazaar – decentralized Bitcoin marketplace
#29Seems to be some confusion... To clarify OpenBazaar's "No Transaction Fees" , it means there are no marketplace platform fees. To compare with ebay, to sell an item for $500 and charge $20 for shipping ($520): - eBay fee: ~10% of final bid value + 10% of any shipping charge added on = $52 - PayPal fee: 2.9% of payment = $15.08 The bitcoin network would eliminate the PayPal fees. (The bitcoin fees would still exist bu…
Actually there are still transaction fees in the bitcoin network.
Re: Open Bazaar – decentralized Bitcoin marketplace
#30Nothing is free, so here are my brief ideas for funding this: - Ads - "premium features" for sellers - "promoted" sellers - Fees for those that want to be "Secure Escrow and Dispute Resolution" accounts
According to https://www.openbazaar.org/about/ They founded a company, OB1, with a $1 million venture capital investment from Union Square Ventures and Andreessen Horowitz. [...] OB1 received a second round of investment for $3 million in the fall of 2016. OK, so just to clarify, this is a for-profit project produced by a central party with no stated plan for monetization. That is IMHO dubious. Their website http://o…
Sometimes VCs fund things they want to exist independently of whether they'll make a profit. $4M is spare change for a fund.
I'm not sure that's the case here, but "no obvious way to make money" isn't exclusionary when it comes to the VC funding model.