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Open Bazaar – decentralized Bitcoin marketplace

openbazaar.org

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Re: Open Bazaar – decentralized Bitcoin marketplace

#31

Post by vectorpush »

johndevor wrote: post #15
aphextron wrote: post #12

Earlier quoted context omitted.

How pleasant

Better than in the streets.

People who buy drugs "in the streets" generally aren't versed in how to acquire and manage cryptocurrency. Most people buying drugs have a personal relationship with a dealer and don't do transactions "in the streets". Additionally, actually acquiring cryptocurrency requires a bank account in good standing and a ton of invasive KYC paperwork which will raise suspicions and alienate "street buyers". Finally, in my personal opinion, a street transaction would be preferable to giving out my address to anonymous dealers on the internet, but I know some may agree on that point.

Re: Open Bazaar – decentralized Bitcoin marketplace

#32

Post by larvaetron »

matthewbauer wrote: post #26

Am 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?

You could start OpenBauer - decentralized Bitcoin marketplace for stuff that matthewbauer approves of.

Re: Open Bazaar – decentralized Bitcoin marketplace

#33

Post by sillysaurus3 »

matthewbauer wrote: post #26

Am 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?

You're not the only one. These services have destroyed peoples' lives by providing them easy access to coke, meth, and heroin. Contrary to opinion, the vast majority of these people would not have found those drugs in the streets.

There are no easy solutions here, but it's false to claim that these services are inherently better than what came before. They may make it safer to acquire the drugs, but they also make it much easier to do so.

I don't think we should lock people up for possessing these drugs, but an unregulated marketplace with easy access to a Willy Wonka factory of narcotics is deeply troubling.

Re: Open Bazaar – decentralized Bitcoin marketplace

#34

Post by jstanley »

matthewbauer wrote: post #26

Am 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?

If you took a look at OpenBazaar you'd find absolutely nothing illegal for sale.

Re: Open Bazaar – decentralized Bitcoin marketplace

#35

Post by jstanley »

sillysaurus3 wrote: post #33
matthewbauer wrote: post #26

Am 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?

You're not the only one. These services have destroyed peoples' lives by providing them easy access to coke, meth, and heroin. Contrary to opinion, the vast majority of these people would not have found those drugs in the streets. There are no easy solutions here, but it's false to claim that these services are inherently better than what came before. They may make it safer to acquire the drugs, but they also make it…

OpenBazaar isn't a darknet market. It's a decentralised peer-to-peer market.

Re: Open Bazaar – decentralized Bitcoin marketplace

#37

Post by baalimago »

wuliwong wrote: post #29
jasode wrote: post #14

Seems 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.

which goes to the miners, yes?

Re: Open Bazaar – decentralized Bitcoin marketplace

#39

Post by jstanley »

SpeakMouthWords wrote: post #3

How does the unit economics work here? To my understanding, BTC (even after SegWit) has non-negligible transaction fees. Is this site just eating into VC money to make things feeless?

OpenBazaar is a peer-to-peer marketplace. There are no fees for using the software. Of course you still have to pay BTC transaction fees.

Re: Open Bazaar – decentralized Bitcoin marketplace

#40

Post by jstanley »

vectorpush wrote: post #31
johndevor wrote: post #15

Earlier quoted context omitted.

Better than in the streets.

People who buy drugs "in the streets" generally aren't versed in how to acquire and manage cryptocurrency. Most people buying drugs have a personal relationship with a dealer and don't do transactions "in the streets". Additionally, actually acquiring cryptocurrency requires a bank account in good standing and a ton of invasive KYC paperwork which will raise suspicions and alienate "street buyers". Finally, in my per…

> Additionally, actually acquiring cryptocurrency requires a bank account in good standing and a ton of invasive KYC paperwork which will raise suspicions and alienate "street buyers".

This is false. You can acquire cryptocurrency just as easily as you can acquire cash: sell things for it, exchange currency with friends, exchange currency with people you find on LocalBitcoins, steal it, run a business taking payment in it, ...

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