[quote=Jon Jones][quote=D32]Open Bazaar just got launched a few days ago. It is a decentralized p2p market place, like ebay, but this time, decentralized, using bitcoin.
Being decentralized is a very big deal, that is the biggest reason for the excitement.
There had been a major bug in the Windows version, where computers failed to connect, but I think it has been fixed. It runs better in Linux.
BTW, it is not something that you access via a web browser, because in order to make it decentralized, it cannot run on web servers because web servers can easily be taken down by e.g. a gov. Open Bazaar runs on your computer, p2p. If you want your store to be accessible 24/7, you will need to install the app in a computer and keep the computer online 24/7. Others are running their stores on raspberry pi (low power consumption), others got a cheap hosted vps, others on their laptops.
The issue of security is obvious, as in, what if someone does not send something that you bought? They thought of that. Moderators can be used with multi-sig bitcoin.
Right now the prob is the initial tech hurdle of getting it running, so if they want it to become mainstream, they have to make it very easy to be up, so easy that a non-tech person can have his or her store up in moments.
Read more
https://blog.openbazaar.org/what-is-openbazaar/[/quote]
Markets like this already exist in the dark web...such markets include alphabay etc...however, you only access then using special URLs...and you use Tor Browser to connect. These markets run purely on bitcoins which are untraceable and they promise anonymity. Here you find all kinds of dealers such as money launderers, drug dealers, arms dealers etc.
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Take for example alphabay, the only decentralized thing about it is the crypto currency used, or else it is a web application running on a web server that's hidden in the tor network. If that server can be found, it can be taken out, the service will collapse. A single point of failure.
Open Bazaar is different in that it is decentralized, a desktop application. You can hide your computer in tor as well, but if you are not selling illegal things, tor be will not be needed. BTW, open bazaar is aimed at legal trading, but obviously the illegal goods cannot be stopped, thus users have the option to filter out the bad. When the first drug got listed, it made news.
If the authorities get your computer, only your shop will go down, the rest will continue operating. Decentralized p2p it true form, hence the big excitement.
On the side of global decentralized currencies, bitcoin and other crypto currencies had existed, now Open Bazaar adds to that a global, decentralized trading platform, bringing to the world a new era of trading freedom, free from any censorship or controls.
Another link below will help explain.
https://docs.openbazaar.org
They tried to bury us, they didn't know we were seeds.