Not sure if anyone used Open Bazaar on Hacker News. I tried it and forget to close it. After 24-hours, this program leaked 4GB memory. How could the developer let this happen?
Open Bazaar – decentralized Bitcoin marketplace
261–265 of 265 posts
Re: Open Bazaar – decentralized Bitcoin marketplace
#262Nothing 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
OpenBazaar is a completely p2p network. Since there's no middleman, there's no infrastructure to pay to maintain. People buy and sell stuff directly with each other, so it really is truly free.
got the p2p scheme - but at some point investors (Andreesen Horowitz, BlueYard Capital, Union Square Ventures etc.) want to see their returns. I´ve got 3 questions:
Question a) How would you define that point, when investors want to sell their shares, regarding open bazaars development, number of users, annual turnover and market share?
Question b) How could the network generate those returns but by fees or some sort of future "Exit"?
Question c) What is your investors answer to the question "how big could it become?" (please don´t say "next amazon" - I am sure they would buy in before and close it down...)
Re: Open Bazaar – decentralized Bitcoin marketplace
#263Earlier quoted context omitted.
That was the case when the network was clogged, which should be much better now. For a 250-byte (avg) transaction you should be fine with 0.0006 BTC ($1.68, 2.8% of $60). https://bitcoinfees.21.co/ You're right, bitcoin became expensive for small purchases, which is what the whole recent debacle was about. Hopefully Segwit2X fixes this, at least for a while.
Do you know when this UASF stuff is happening, or if it has already happened, who won, or what looks like it's going to win? It's been a confusing few days...
Now that BIP91 (SegWit2X/NYA) is locked in, we will be getting BIP141 (original SegWit) activated in a few weeks, so the BIP148 (UASF) fork should not happen.
Re: Open Bazaar – decentralized Bitcoin marketplace
#264Earlier quoted context omitted.
> Law enforcement was designed to protect people (or their property) from the actions of other people, not themselves. Not true in countries where a very large portion of the taxes I pay go to free health care and unemployment grants.
That has nothing to do with law enforcement, let alone what it was designed for .
Sweden has very restrictive laws around alcohol, eg taxation, where, how and when it can be sold. The purpose of this is to prevent people from falling into addiction (hurting themselves), as that would eventually lead to them getting unemployable, more prone to sickness and in general be a pita for people around them and an increased cost for the whole society. Whether that works or not is another topic but that is what those laws are designed for.
Many countries, UK and Denmark for example, also have penalty tax on sugar and fat to prevent prevent from getting fat (protecting people from themselves) as it increases health care cost.
Re: Open Bazaar – decentralized Bitcoin marketplace
#265Earlier quoted context omitted.
* citation needed.
Well, there are some that I know. The original is here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2436643 Then there is Neil Franklin a Maryland police officer and director of the organization "Law Enforcement Against Prohibition" https://www.youtube.com/watch?v=rc29nw4Si3Y And his interview in the Deep Web documentary at minute 60 (it is in Netflix).
Harm reduction (IRL, safe injection sites) reduces violence.
That way, a registered nurse/healthcare official who has a job/career to lose if someone overdoses. Nothing is stopping a random dealer using a DNM from cutting a batch with fentanyl, and anonymity means they can fake reviews and hide it