Earlier quoted context omitted.
IIRC OpenBazaar still has paid escrow- it's just cheaper than eBay's fees.
Only in the case of a disputed between the buyer and seller where arbitrage is needed.
arbitration
Open Bazaar – decentralized Bitcoin marketplace
111–120 of 265 posts
Re: Open Bazaar – decentralized Bitcoin marketplace
#112Installed. Run. First screen: Select your language. English already selected. Hit "Next". Nothing happens. No apparent way of actually selecting a language or proceeding. Uninstalled.
Re: Open Bazaar – decentralized Bitcoin marketplace
#113Chris
If I understood the docs correctly, openbazaar 1.0 server is written in Python but since it's release the team has worked on V2 in Go.
I'd really appreciate learning the motivation for the migration to Go and think others may as well. Go programs are faster than Python programs but lo and behold is a viable v1 - a server whose performance may have been good enough?
Please, enlighten!
Re: Open Bazaar – decentralized Bitcoin marketplace
#114I work on OpenBazaar and I'm happy to answer questions.
This website links to the current version of OpenBazaar, but we're just about to launch a completely new version, which you can read about here:
https://medium.com/openbazaarproject/openbazaar-2-0-p2p-trad...
The 2.0 is built with Go and uses IPFS. It's open source and we welcome any developers into the project:
Re: Open Bazaar – decentralized Bitcoin marketplace
#115People are talking about drugs or questioning that it is not exactly for free. But my big question, from the point of view of someone who has owned a small online store, is security for the buyer. In a completely p2p transaction, the biggest difficulty lies in the assurances that the two parties are completely satisfied with the deal. The first purchase is the most important move in any market, paying a premium so th…
There is a built-in escrow, which uses Bitcoin 2-of-3 multisignature. This means that if both buyer and seller are happy, they are the only two of three parties needed to release funds, but if either of the parties is unhappy they can bring in the escrow party.
Escrow is provided on a marketplace as well, anyone can act as an escrow agent.
Re: Open Bazaar – decentralized Bitcoin marketplace
#116People are talking about drugs or questioning that it is not exactly for free. But my big question, from the point of view of someone who has owned a small online store, is security for the buyer. In a completely p2p transaction, the biggest difficulty lies in the assurances that the two parties are completely satisfied with the deal. The first purchase is the most important move in any market, paying a premium so th…
don't forget the seller who may also need protection. Traditionally companies like PayPal would offer some level of protection to both the buyer and the seller. However I imagine transaction insurance would just become another business on the network.
Re: Open Bazaar – decentralized Bitcoin marketplace
#117It's not anonymous at all right now. I believe they're working on Tor support for the future however.
Our next major version has Tor support.
Re: Open Bazaar – decentralized Bitcoin marketplace
#118Installed. Run. First screen: Select your language. English already selected. Hit "Next". Nothing happens. No apparent way of actually selecting a language or proceeding. Uninstalled.
Ran into this same issue. Peeked into the developer tools window. Looks like a bug in:
onboardingModal.js:177 Uncaught TypeError: Cannot read property 'css' of undefined
Had to change line 177 to this so I can move forward:
var oldPos = 0//parseInt(this.accWin.css('left').replace("px", "")),
Re: Open Bazaar – decentralized Bitcoin marketplace
#119Nothing 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…
OpenBazaar is non-profit project built by multiple for-profit groups. Us at OB1 are just one group. https://duosear.ch and https://mubiz.com are two others.
Re: Open Bazaar – decentralized Bitcoin marketplace
#120Seems 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.
This is what sounds to me the reason smart contracts exist. But maybe that's just a different method for accomplishing the same thing?
Anybody have any idea what the main distinction [if any] would be here?