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Decentralized Blockchain-Based Electronic Marketplaces

cacm.acm.org

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Re: Decentralized Blockchain-Based Electronic Marketplaces

#81

Post by cgmg »

subsubsub wrote: post #48
joshfraser wrote: post #40

There are four reasons I think decentralized marketplaces are inevitable: 1) Throughout history middlemen have suffered a common fate. They get squeezed out at every opportunity. We have a chance to cut out the rent-seeking middlemen, with revolutionary new business models that allow fees to go to ~zero. 2) Blockchain technology gives us a censorship resistance. Not only from governments that like to ban certain type…

I think you make some good points, but I'm not sure about the following... 1) "We have a chance to cut out the rent-seeking middlemen" In the case of Amazon, is there really rent seeking? They provide lots of benefits as the middleman - trust, support, consistency (YMMV). 2) "...centralized marketplaces which like to pick and choose who is welcome on their platforms." Again, for me this is a feature, not a bug. 3) ".…

>Again, for me this is a feature, not a bug.

And for some people, it isn't. The point of decentralisation is that you can opt-in to centralized systems if you want to. The converse is not true.

Re: Decentralized Blockchain-Based Electronic Marketplaces

#82

Post by lazyjones »

cgmg wrote: post #77
nora4 wrote: post #71

Earlier quoted context omitted.

In my view what you are saying is a libertarian pipe dream. A fully decentralized world (mostly I mean web) will be a nightmare. People are already mad how Reddit/Twitter are so abusive as platforms. And these are still centralized systems, albeit more free compared to Facebook/Instagram. Just imagine the kind of hate, racism, nazism, *-ism that will be unleashed in a fully decentralized system. We are already compla…

There's a simple solution: Filter out what you (or your community) don't want to see, but don't force your sensibilities on everyone else.

That doesn't work when you (or your small community) face thousands or millions of spammers or abusive users. People will just turn to centralised censorship/filtering authorities as they do with e-mail (even if you install SA on your own server, you will use blacklists maintained by others).

Re: Decentralized Blockchain-Based Electronic Marketplaces

#83

Post by cgmg »

lazyjones wrote: post #82
cgmg wrote: post #77

Earlier quoted context omitted.

There's a simple solution: Filter out what you (or your community) don't want to see, but don't force your sensibilities on everyone else.

That doesn't work when you (or your small community) face thousands or millions of spammers or abusive users. People will just turn to centralised censorship/filtering authorities as they do with e-mail (even if you install SA on your own server, you will use blacklists maintained by others).

>That doesn't work when you (or your small community) face thousands or millions of spammers or abusive users.

Umm... yes it does. That's precisely the role of a whitelist.

Re: Decentralized Blockchain-Based Electronic Marketplaces

#84

Post by kakarot »

joshfraser wrote: post #40

There are four reasons I think decentralized marketplaces are inevitable: 1) Throughout history middlemen have suffered a common fate. They get squeezed out at every opportunity. We have a chance to cut out the rent-seeking middlemen, with revolutionary new business models that allow fees to go to ~zero. 2) Blockchain technology gives us a censorship resistance. Not only from governments that like to ban certain type…

For high-cost items, an escrow feature is often deemed necessary by both parties in any marketplace.

Furthermore, without an escrow feature, buyers will tend to stick to highly reputable sellers, creating a barrier for new competition and enabling price and power consolidation.

How might this be solved in a decentralized marketplace?

Re: Decentralized Blockchain-Based Electronic Marketplaces

#85

Post by nora4 »

cgmg wrote: post #77
nora4 wrote: post #71

Earlier quoted context omitted.

In my view what you are saying is a libertarian pipe dream. A fully decentralized world (mostly I mean web) will be a nightmare. People are already mad how Reddit/Twitter are so abusive as platforms. And these are still centralized systems, albeit more free compared to Facebook/Instagram. Just imagine the kind of hate, racism, nazism, *-ism that will be unleashed in a fully decentralized system. We are already compla…

There's a simple solution: Filter out what you (or your community) don't want to see, but don't force your sensibilities on everyone else.

Are you sure it's a simple solution? If it's so simple, why fake news is a problem with social media right now?

(And what about revenge porn, child pornography, etc.? Merely you not seeing it through your filters, it doesn't mean the world won't. It's equivalent of the guy closing his eyes to make sure all outside threats disappear.)

Re: Decentralized Blockchain-Based Electronic Marketplaces

#86

Post by [deleted] »

cgmg wrote: post #77
nora4 wrote: post #71

Earlier quoted context omitted.

In my view what you are saying is a libertarian pipe dream. A fully decentralized world (mostly I mean web) will be a nightmare. People are already mad how Reddit/Twitter are so abusive as platforms. And these are still centralized systems, albeit more free compared to Facebook/Instagram. Just imagine the kind of hate, racism, nazism, *-ism that will be unleashed in a fully decentralized system. We are already compla…

There's a simple solution: Filter out what you (or your community) don't want to see, but don't force your sensibilities on everyone else.

[deleted]

Re: Decentralized Blockchain-Based Electronic Marketplaces

#87

Post by hawkweed »

EGreg wrote: post #26
spookthesunset wrote: post #21

Earlier quoted context omitted.

> I think you're underestimating how truly small and how early the space is still. What the heck are you talking about!? Kodak, the former camera company, announced at CES they were going to be selling cloud miners and have their own cryptocoin. Juice companies are announcing blockchain projects. People you run into at grocery stores are randomly bringing up bitcoin... This is as big as bitcoin gets. And when it pops…

"When it pops" I hear that a lot. Many tokens have a floor, which is the actual value of the tokenized assets. Filecoin's floor is the cost/demand for actual hard drive space. Tickets to artist concerts tokenized would have a floor. Our token (Intercoin.org) has a floor represented by actual economies of communities. Bitcoin on the other hand, has no floor. Just like Myspace vs Facebook or AltaVista vs Google, people…

Any plans on doing an ICO?

Re: Decentralized Blockchain-Based Electronic Marketplaces

#88

Post by CryptoPunk »

nora4 wrote: post #85
cgmg wrote: post #77

Earlier quoted context omitted.

There's a simple solution: Filter out what you (or your community) don't want to see, but don't force your sensibilities on everyone else.

Are you sure it's a simple solution? If it's so simple, why fake news is a problem with social media right now? (And what about revenge porn, child pornography, etc.? Merely you not seeing it through your filters, it doesn't mean the world won't. It's equivalent of the guy closing his eyes to make sure all outside threats disappear.)

Fake news has to be solved through a mechanism other than censorship. Censorship is much more dangerous than ignorance. As long as we have the freedom of speech, all forms of ignorance can be solved. Once we give that up, we lose the mechanism through which society finds solutions to complex multi-factor problems, and disseminates those solutions.

Re: Decentralized Blockchain-Based Electronic Marketplaces

#89

Post by coolspot »

Donzo wrote: post #62
AlexCoventry wrote: post #60

Earlier quoted context omitted.

> I believe that the Eth rocket is just about to launch. Why do you believe that?

Because of the value that the platform offers the world.

Which anyone can clone as easy as

git clone github:ethereum/geth

Having your own private platform with smart contracts and everything. Not congested with cryptokitties and etherdelta.

Re: Decentralized Blockchain-Based Electronic Marketplaces

#90

Post by Donzo »

coolspot wrote: post #89
Donzo wrote: post #62

Earlier quoted context omitted.

Because of the value that the platform offers the world.

Which anyone can clone as easy as git clone github:ethereum/geth Having your own private platform with smart contracts and everything. Not congested with cryptokitties and etherdelta.

Yup. Then you'll have a clone of the real deal.
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