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Offline bytemaster

Open Bazaar
« on: October 13, 2014, 09:07:01 PM »

I finally got around to looking at their site and have come to the conclusion that their offering is not likely to be user friendly and this will inhibit adoption.

Some basic questions before I pass final judgement:
1) Who hosts the listings, in particular the images.
2) How are listings indexed / sorted / filtered?  Is it a DHT? 
3) How do they plan to fund long term growth?
4) How is auction status updated?  Does it support auctions or just craigslist style ads?
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline Method-X

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Re: Open Bazaar
« Reply #1 on: October 13, 2014, 09:50:15 PM »

Offline Rune

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Re: Open Bazaar
« Reply #2 on: October 13, 2014, 10:05:05 PM »
Remember what caused the first bitcoin bubble to 30 usd? That's why OB will become ridiculously huge.

Offline Xeldal

Re: Open Bazaar
« Reply #3 on: October 13, 2014, 10:17:16 PM »
Remember what caused the first bitcoin bubble to 30 usd? That's why OB will become ridiculously huge.
+5%

Offline roadscape

Re: Open Bazaar
« Reply #4 on: October 13, 2014, 10:23:36 PM »
I finally got around to looking at their site and have come to the conclusion that their offering is not likely to be user friendly and this will inhibit adoption.

Some basic questions before I pass final judgement:
1) Who hosts the listings, in particular the images.
2) How are listings indexed / sorted / filtered?  Is it a DHT? 
3) How do they plan to fund long term growth?
4) How is auction status updated?  Does it support auctions or just craigslist style ads?

Last I heard/tested (2 weeks ago):

1) Each node hosts its own listings/images
 - To sell something you have to run your own node
2) They were trying to figure out how they would implement searching
3) In late August they said they don't have a funding plan but will think of one
4) Auctions are not supported. It's currently more of a store-style listing service
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Offline sschechter

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Re: Open Bazaar
« Reply #5 on: October 13, 2014, 10:29:30 PM »
3) In late August they said they don't have a funding plan but will think of one

I wonder what the success rate is for prior companies to make that statement....
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Offline CoinHoarder

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Re: Open Bazaar
« Reply #6 on: October 13, 2014, 10:38:44 PM »
3) In late August they said they don't have a funding plan but will think of one

I wonder what the success rate is for prior companies to make that statement....

OpenBazaar is not a company, it is open source non-profit freeware.

Offline sschechter

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Re: Open Bazaar
« Reply #7 on: October 13, 2014, 10:45:39 PM »
3) In late August they said they don't have a funding plan but will think of one

I wonder what the success rate is for prior companies to make that statement....

OpenBazaar is not a company, it is open source non-profit freeware.

I wonder what the success rate is for open source non-profit freeware projects that don't have a funding plan...
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Offline Method-X

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Re: Open Bazaar
« Reply #8 on: October 13, 2014, 10:51:34 PM »
3) In late August they said they don't have a funding plan but will think of one

I wonder what the success rate is for prior companies to make that statement....

OpenBazaar is not a company, it is open source non-profit freeware.

I wonder what the success rate is for open source non-profit freeware projects that don't have a funding plan...

Might want to ask Wikipedia.

Offline luckybit

Re: Open Bazaar
« Reply #9 on: October 14, 2014, 01:57:51 AM »
Remember what caused the first bitcoin bubble to 30 usd? That's why OB will become ridiculously huge.

That was also a different demographic. I think Open Bazaar hasn't yet convinced me that I need it. Ebay works fine and there isn't a lot of problems with it. It's not like with Paypal or the banks where we were getting ripped off by fees.

Open Bazaar in my opinion should prove itself before we give it too much attention. The only people using it right now seem to be hardcore crypto-anarchists and it seems like a toy. That being said I'll admit Bitcoin at one point in time seemed like a toy too so it's important to keep an eye on it because it could become a big thing at some point in time.

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Offline bytemaster

Re: Open Bazaar
« Reply #10 on: October 14, 2014, 03:41:52 AM »
I started this thread because I think Open Bazaar is not viable in its current form.    I think I have a more profitable, self-funding, design for achieving the same thing they are.... only better.

1) Users shouldn't have to keep their computers on to "serve" their ads.  That is a non-starter for the masses.
2) Users want auctions as well as fixed price sales / ads.   
3) Users want a solid filtering system for items.

So you implement a DAC that allows users to post ads, start auctions, and implement "buy it now" functionality.   The DAC would execute the auction and natively support a local BitUSD / other currencies.

Merchants looking to sell to this audience now have a central place to list their products and get paid in BitUSD....

Implemented properly this DAC would grow far faster than Open Bazaar.. especially with the marketing it could fund to bootstrap.

Not that I want to "compete with everyone out there"... but you have to do it right and Open Bazaar is missing some critical design points.


For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

TurkeyLeg

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Re: Open Bazaar
« Reply #11 on: October 14, 2014, 03:52:03 AM »

I started this thread because I think Open Bazaar is not viable in its current form.    I think I have a more profitable, self-funding, design for achieving the same thing they are.... only better.

1) Users shouldn't have to keep their computers on to "serve" their ads.  That is a non-starter for the masses.
2) Users want auctions as well as fixed price sales / ads.   
3) Users want a solid filtering system for items.

So you implement a DAC that allows users to post ads, start auctions, and implement "buy it now" functionality.   The DAC would execute the auction and natively support a local BitUSD / other currencies.

Merchants looking to sell to this audience now have a central place to list their products and get paid in BitUSD....

Implemented properly this DAC would grow far faster than Open Bazaar.. especially with the marketing it could fund to bootstrap.

Not that I want to "compete with everyone out there"... but you have to do it right and Open Bazaar is missing some critical design points.

+5% +5% +5%

Offline Mysto

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Re: Open Bazaar
« Reply #12 on: October 14, 2014, 03:54:26 AM »
I started this thread because I think Open Bazaar is not viable in its current form.    I think I have a more profitable, self-funding, design for achieving the same thing they are.... only better.

1) Users shouldn't have to keep their computers on to "serve" their ads.  That is a non-starter for the masses.
2) Users want auctions as well as fixed price sales / ads.   
3) Users want a solid filtering system for items.

So you implement a DAC that allows users to post ads, start auctions, and implement "buy it now" functionality.   The DAC would execute the auction and natively support a local BitUSD / other currencies.

Merchants looking to sell to this audience now have a central place to list their products and get paid in BitUSD....

Implemented properly this DAC would grow far faster than Open Bazaar.. especially with the marketing it could fund to bootstrap.

Not that I want to "compete with everyone out there"... but you have to do it right and Open Bazaar is missing some critical design points.

Cool lets do it! And we shall name it Bitshares Market lol
But seriously if this could be done this would be a huge boost for bitUSD. I think why it will be hard to convince people to accept bitUSD is it has no track record. Having OB accept it would give it a track record. Now if we could make a DAC that competes with OB and accepts bitUSD from day 1 that would be HUGE!

Offline Mysto

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Re: Open Bazaar
« Reply #13 on: October 14, 2014, 03:58:23 AM »
Plus from what I've heard OB won't be ready for a "mainstream" market until march 2015. If we can get something out before then... BOOM!

Offline jsidhu

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Re: Open Bazaar
« Reply #14 on: October 14, 2014, 04:14:26 AM »
I started this thread because I think Open Bazaar is not viable in its current form.    I think I have a more profitable, self-funding, design for achieving the same thing they are.... only better.

1) Users shouldn't have to keep their computers on to "serve" their ads.  That is a non-starter for the masses.
2) Users want auctions as well as fixed price sales / ads.   
3) Users want a solid filtering system for items.

So you implement a DAC that allows users to post ads, start auctions, and implement "buy it now" functionality.   The DAC would execute the auction and natively support a local BitUSD / other currencies.

Merchants looking to sell to this audience now have a central place to list their products and get paid in BitUSD....

Implemented properly this DAC would grow far faster than Open Bazaar.. especially with the marketing it could fund to bootstrap.

Not that I want to "compete with everyone out there"... but you have to do it right and Open Bazaar is missing some critical design points.

I can do this... my current auction site is devcoinauctions.com (landing page http://devcoinauctions.com/welcome-landing/)  but I havent had time to list more auctions... its a standard wordpress style auction site (bidding fee auctions) with a buy it now option so it essentially can do both, allow you to bid and buy things cheaper than retail and/or use the bid cost to apply towards the buy it now price.. I believe this is a stronger business model than a store with just auctions, or a store with just buy it now style designs... people want the ability to win deals, and don't want to risk anything other than time to get them....

With an auction you compete with ebay etc.. with normal stores you compete with all of the tradtional online stores.. with a bidding fee style auction you compete with a few competitors and by adding buy it now, and presenting it in a DAC it essentially becomes the best of both worlds and brings another entry point into btsx.

My backend cost is really only hosting fees and profit is unlimited so it would be an ideal commodity to invest/buy into with shares.

If we want the ability to list your own items(consumer to consumer model) instead of a retailer/consumer model then we would need escrow or some sort of guarantor that will ensure people dont rip others off by running away with funds annonymously.
« Last Edit: October 14, 2014, 04:21:22 AM by jsidhu »
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