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Decentralized Blockchain-Based Electronic Marketplaces

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Re: Decentralized Blockchain-Based Electronic Marketplaces

#101

Post by ThomPete »

ufo wrote: post #52
ThomPete wrote: post #16

Earlier quoted context omitted.

You are missing the point here. It's about the history of the individual coin not about the technical properties of coin in itself. You can build as many cryptocurrencies as you want to. They aren't bitcoin as they don't have the history of bitcoin which means that they aren't the same. Only bitcoin is bitcoin, because only bitcoins has the history they have.

Bitcoin forks like Bitcoin Cash and Bitcoin Gold use the same block chain history as Bitcoin.

You are also missing the point here. You can't get the same for bitcoin cash as you can for a bitcoin. So no they don't use or have the same history after the fork and they aren't the same which is why one is 4 times more worth than the other.

Re: Decentralized Blockchain-Based Electronic Marketplaces

#102

Post by samolang »

astura wrote: post #56
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…

>Throughout history middlemen have suffered a common fate. They get squeezed out at every opportunity. This is just... Absolute nonsense. Just factually incorrect. Middlemen, example Amazon, have never been stronger. People complain about it on HN all the time. Anyways, people use middlemen and are happy to pay the cost because they provide a useful service. They aren't just arbitrarily injecting themselves into tran…

> Middlemen, example Amazon, have never been stronger.

The strength of a middleman can be directly measured by how much they mark up prices. Does amazon really mark up prices more than the brick and mortar retailers it replaced?

Re: Decentralized Blockchain-Based Electronic Marketplaces

#103

Post by empath75 »

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…

> revolutionary new business models that allow fees to go to ~zero.

Blockchains are spectacularly inefficient. Fees aren’t going to go to zero on any blockchain that deals with any significant amount of traffic.

Re: Decentralized Blockchain-Based Electronic Marketplaces

#104

Post by SiempreViernes »

cgmg wrote: post #78
UncleMeat wrote: post #50

Earlier quoted context omitted.

I consider network censorship to be a feature, not a bug. I want airbnb to be able to enforce that hosts are not able to deny service to black people. I want my uber driver to have insurance and a quick background check. From the perspective of somebody in the marketplace I prefer having people who break the social contract removed. Now there can be marketplaces that screw this up and perhaps there is some place for…

>From the perspective of somebody in the marketplace I prefer having people who break the social contract removed. This statement is meaningless. What are the contents of this alleged social contract you're referring to? I bet your answer is going to differ from mine, or from the next person's.

If you honestly believe these difference are large enough to make the statement meaningless, it means you also think you can't be around other people, is that your meaning?

Re: Decentralized Blockchain-Based Electronic Marketplaces

#105

Post by ghthor »

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).

I think the cream here is if the underlying network is decentralized and I disagree with my centralized provider, then I have the power to change providers. Its comparing email to facebook, if my email provider does something I disagree with I'm free t take my data to a another provider without losing all my connections.

The same for open currencies. The promise of open currencies with decentralized exchanges is I can now hold my value in a currency I trust a long a there is a path of exchange between my value and the value of the party I'm paying for or recieving from. And now its my decision which currency I hold and I'm free to change.

Re: Decentralized Blockchain-Based Electronic Marketplaces

#106

Post by bkor »

wyager wrote: post #51
UncleMeat wrote: post #50

Earlier quoted context omitted.

I consider network censorship to be a feature, not a bug. I want airbnb to be able to enforce that hosts are not able to deny service to black people. I want my uber driver to have insurance and a quick background check. From the perspective of somebody in the marketplace I prefer having people who break the social contract removed. Now there can be marketplaces that screw this up and perhaps there is some place for…

> I consider network censorship to be a feature, not a bug. No one’s going to stop you from using an unfree, censorious system if you want to. However, we’re going to object vociferously if you try to force it on everyone else. > I want my uber driver to have insurance and a quick background check. The advantage of censorship-resistant markets is that added features are opt-in. I don’t really care if my uber driver i…

> No one’s going to stop you from using an unfree, censorious system if you want to. However, we’re going to object vociferously if you try to force it on everyone else.

You didn't really answer the bits where he was more or less discussing government regulations. Your answer doens't relate to what he stated.

Re: Decentralized Blockchain-Based Electronic Marketplaces

#107

Post by GenericsMotors »

Donzo wrote: post #41

A lot of people here have jaded views. Perhaps because they feel like they missed an opportunity. I believe that the Eth rocket is just about to launch. I recommend jumping aboard. Don’t fall for the sunk cost fallacy. Just because you started walking in the wrong direction doesn’t mean you have to keep walking in the wrong direction. Go to Coinbase.com if you reside in the US. Get in now. Go long, I do believe. You’…

Or perhaps you're looking to unload your position on gullible saps.

Re: Decentralized Blockchain-Based Electronic Marketplaces

#108

Post by Donzo »

GenericsMotors wrote: post #107
Donzo wrote: post #41

A lot of people here have jaded views. Perhaps because they feel like they missed an opportunity. I believe that the Eth rocket is just about to launch. I recommend jumping aboard. Don’t fall for the sunk cost fallacy. Just because you started walking in the wrong direction doesn’t mean you have to keep walking in the wrong direction. Go to Coinbase.com if you reside in the US. Get in now. Go long, I do believe. You’…

Or perhaps you're looking to unload your position on gullible saps.

Perhaps, but perhaps I should explain.

I passed on Ether in 2014. It’s been hard to come to terms with that decision.

But I finally decided not to double down on stupid. I’m going to beat some of these finance guys into this space. This is because I am a techie and I know that Ethereum is the truth. They are not so they are still jumping at fraud attempts built on the Ethereum network.

Re: Decentralized Blockchain-Based Electronic Marketplaces

#109

Post by Donzo »

Donzo wrote: post #108
GenericsMotors wrote: post #107

Earlier quoted context omitted.

Or perhaps you're looking to unload your position on gullible saps.

Perhaps, but perhaps I should explain. I passed on Ether in 2014. It’s been hard to come to terms with that decision. But I finally decided not to double down on stupid. I’m going to beat some of these finance guys into this space. This is because I am a techie and I know that Ethereum is the truth. They are not so they are still jumping at fraud attempts built on the Ethereum network.

No matter where the price points jump, in the next ten years a bunch of stuff is going to be running on Ethereum.

Go long. Bet on the tech, not the hype.

Re: Decentralized Blockchain-Based Electronic Marketplaces

#110

Post by nerdponx »

ThomPete wrote: post #6
nerdponx wrote: post #4

Earlier quoted context omitted.

Is anyone actually auditing all these blockchains?

You wouldn't have to that's the whole point of the blockchain that the validation is done by the network itself. All you need is to know which coin/token you are on and you know whether you have the original or not.

Perhaps. How do you know who controls the hashrate?
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