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Main => General Discussion => Topic started by: valtr on March 03, 2016, 07:01:25 am

Title: Syscoin decentralized market accepts BTC as second choice
Post by: valtr on March 03, 2016, 07:01:25 am
This is something of big interest. Looks like much better concept than Openbazaar.
Accepting Smartcoins would be great.

http://themerkle.com/news/syscoin-to-accept-bitcoin-payments-in-its-decentralized-marketplace/
Title: Re: Syscoin decentralized market accepts BTC as second choice
Post by: TravelsAsia on March 04, 2016, 01:50:20 am
Quote from: meda on March 03, 2016, 07:01:25 am
This is something of big interest. Looks like much better concept than Openbazaar.
Accepting Smartcoins would be great.

http://themerkle.com/news/syscoin-to-accept-bitcoin-payments-in-its-decentralized-marketplace/

- Interesting project
- Terrible name
- Low volume
- Nowhere close to the outreach we would see at OpenBazaar
- Would be nice to have smartcoins added, specifically BitUSD
Title: Re: Syscoin decentralized market accepts BTC as second choice
Post by: valtr on March 09, 2016, 07:44:52 pm
How it´s possible to have decentralized eBay on blockchain? I would never believe it can fit into blockchain.
Demand for such market is huge and it solves problem how to gain new user, smartcoins can be earned and spent.
You do not need MineBitshares or EarnBitshares.
Title: Re: Syscoin decentralized market accepts BTC as second choice
Post by: xeroc on March 09, 2016, 08:10:44 pm
Quote from: meda on March 09, 2016, 07:44:52 pm
How it´s possible to have decentralized eBay on blockchain? I would never believe it can fit into blockchain.
Demand for such market is huge and it solves problem how to gain new user, smartcoins can be earned and spent.
You do not need MineBitshares or EarnBitshares.
You don't need to put the data in the blockchain but could just have the payment and identities on the blockchain .. the data can be hosted in a distributed hash table (read: bittorrent).

This is exactly what OpenBazaar does!
Title: Re: Syscoin decentralized market accepts BTC as second choice
Post by: yvv on March 09, 2016, 08:26:20 pm
Quote from: meda on March 09, 2016, 07:44:52 pm
How it´s possible to have decentralized eBay on blockchain? I would never believe it can fit into blockchain.
Demand for such market is huge and it solves problem how to gain new user, smartcoins can be earned and spent.
You do not need MineBitshares or EarnBitshares.

All you need is listings data base and escrow service. If these two existed in bitshares blockchain that would be a killer of all other blockchains.
Title: Re: Syscoin decentralized market accepts BTC as second choice
Post by: valtr on March 09, 2016, 08:52:16 pm
Quote from: yvv on March 09, 2016, 08:26:20 pm
Quote from: meda on March 09, 2016, 07:44:52 pm
How it´s possible to have decentralized eBay on blockchain? I would never believe it can fit into blockchain.
Demand for such market is huge and it solves problem how to gain new user, smartcoins can be earned and spent.
You do not need MineBitshares or EarnBitshares.

All you need is listings data base and escrow service. If these two existed in bitshares blockchain that would be a killer of all other blockchains.
There are several approaches how to solve escrow, traditional or new. That is probably not the main problem.